In January, US spot Bitcoin exchange-traded funds (ETFs) experienced nearly $5 billion in inflows, suggesting they could attract over $50 billion this year, according to Matt Hougan of Bitwise. He noted that January’s inflow of $4.94 billion indicates a potential annual total of around $59 billion. BlackRock’s iShares Bitcoin Trust ETF led the pack with ...
In January, US spot Bitcoin exchange-traded funds (ETFs) experienced impressive inflows of nearly $5 billion, putting them on track for over $50 billion this year, according to Bitwise’s investment chief Matt Hougan. The iShares Bitcoin Trust ETF from BlackRock led the way with $3.2 billion in net inflows, followed by Fidelity’s Wise Origin Bitcoin Fund, ...
In a recent interview with CNBC, billionaire and former PayPal CEO Peter Thiel shared his skepticism about Bitcoin’s potential for significant price appreciation from its current levels. Despite being an early investor in the cryptocurrency, Thiel believes the next phase of Bitcoin’s growth may be more limited.”I’m not sure it’s going to go up that ...
Online brokerage firm Fidelity is predicting that the price of Bitcoin will surge in the near future. According to analysts, several key factors are aligning that point to a significant increase in the value of the popular cryptocurrency. This forecast comes as Bitcoin continues to rebound from a recent dip in its price. With the ...
In a recent analysis from Fidelity, experts have noted a trend that’s grabbing the attention of cryptocurrency enthusiasts and investors alike – the once notorious volatility of Bitcoin (BTC) is on a decline. According to Fidelity, this pattern isn’t just a temporary phase but part of Bitcoin’s maturation process as a digital asset. As Bitcoin ...
