Since their launch in January 2024, Spot Bitcoin exchange-traded funds (ETFs) in the U.S. have gained around $39 billion in net inflows. However, only 44% of these inflows are linked to long-term investments, with the majority used for arbitrage strategies. This involves traders using these ETFs to buy spot Bitcoin while shorting Bitcoin futures to ...
Bitcoin has recently surpassed the $100,000 mark, raising questions about its future potential. With a decade-long increase of over 30,000%, Bitcoin now stands as a $2 trillion asset. Larry Fink, CEO of BlackRock, suggests it could eventually reach $700,000, yielding a nearly 600% return on investment. The key driver for this surge lies in increased ...
Bitcoin is having a fantastic year in 2024, skyrocketing by 130% and recently surpassing $100,000. This rally stands out due to the launch of spot Bitcoin ETFs, which have attracted significant investor interest and have accumulated $53 billion in assets. The recent surge in ETF inflows indicates strong demand, likely providing stability to Bitcoin’s price. ...
Tom Lee, head of research at Fundstrat Global Advisors, has made bold predictions about the stock Market and Bitcoin. He previously forecasted a 24% rise in the S&P 500, which came true, and now he predicts it will reach 6,000 in 2024. Lee also expects Bitcoin to surpass $100,000 this year and possibly hit $250,000 ...
