Reduced NAV Discount Prompts GBTC Outflows Last week, the U.S. Securities and Exchange Commission (SEC) approved the debut of 11 diverse spot bitcoin exchange-traded funds (ETFs). These ETFs experienced a substantial $7.65 billion in trading volume in their initial two days on the market. While new entrants enjoyed strong inflows, Grayscale's GBTC encountered notable outflows. […]
Spot Bitcoin ETFs Experience High Trading Activity While spot bitcoin exchange-traded funds (ETFs) saw significant trading activity on Thursday and Friday, publicly-listed crypto companies faced a different fate. The market closure on Friday resulted in notable losses for several equities. Marathon Digital Holdings' shares, for example, plummeted by over 15%, and Coinbase Global's stock registered
Affected Crypto Stock Declines Raise Concerns for Investors Read More »
BlackRock, a prominent financial institution, is set to launch its spot Bitcoin exchange-traded fund (ETF) in Brazil on Friday. This move comes after the announcement that the Brazilian Depositary Receipts (BDRs) of BlackRock's iShares Bitcoin Trust ETF (IBIT39) will start trading on B3, Brazil's stock exchange. BlackRock's Vision for Digital Assets The President of BlackRock
BlackRock Introduces Spot Bitcoin ETF for Trading in Brazil Read More »
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Overview of NFT Sales In the last week, the non-fungible token (NFT) market witnessed total sales of $311.31 million. This represents a slight increase of 0.05% compared to the previous week. Despite this overall growth, NFT sales on the Bitcoin blockchain experienced a decrease of 19.12% from the previous week. Bitcoin Dominates NFT Sales Out
Investing Giant Vanguard Blocks Access to Spot Bitcoin ETFs Investing giant Vanguard has reaffirmed its anti-bitcoin and anti-crypto policy by disallowing investors from accessing spot bitcoin exchange-traded funds (ETFs) that were recently approved by the U.S. Securities and Exchange Commission (SEC). Additionally, Vanguard has announced that it will no longer accept the purchase of cryptocurrency
Vanguard Doubles Down on Anti-Bitcoin Stance, Blocks Access to Spot Bitcoin ETFs Read More »
SEC Approves 11 Spot Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) has made a historic move by approving 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on U.S. stock exchanges. This long-awaited approval paves the way for these ETFs to start trading on Thursday on NYSE Arca, Nasdaq, and Cboe BZX
Renowned whistleblower Edward Snowden has made a bold prediction, suggesting that a national government will enter the Bitcoin market this year by purchasing BTC. Snowden's Prediction Snowden stated, "Prediction: A national government will be revealed this year to have been buying Bitcoin—the modern replacement for monetary gold—without having disclosed that fact publicly." Institutional Interest in
Edward Snowden Predicts Government Purchase of Bitcoin in 2024 Read More »
The Leading Bitcoin ETFs and Their Holdings Following the launch of the first spot bitcoin exchange-traded funds (ETFs) in the United States, data has emerged about the bitcoin holdings of these funds. Blackrock currently holds the largest amount of bitcoin among these funds, excluding Grayscale's GBTC. They possess an impressive 11,439 bitcoin. Additionally, both the
Unveiling Bitcoin Reserves: A Comprehensive Look at 6 New Spot Bitcoin ETFs Read More »
Meme Coin Market Shows Resilience Recent data reveals that despite a general decline in the crypto economy, the meme coin sector has experienced a 3.2% increase in value over the past 24 hours. Notably, two prominent meme coins, dogecoin (DOGE) and bonk (BONK), have observed respective surges of 1.2% and 9%. Additionally, several other meme
Meme Tokens Defy Crypto Slump with 3.2% Increase in Value Read More »