Bitcoin ETFs Accumulate 100K BTC Amid Price Correction
Despite the ongoing price correction, nine new spot Bitcoin ETFs have amassed over 100,000 BTC, worth $4 billion. BitMEX CEO Arthur Hayes and crypto analyst Ali Martinez share their bearish views on the market. Nine new spot Bitcoin ETFs, which launched in the US and Canada in October 2023, have accumulated over 100,000 BTC, valued […]
Spot Bitcoin ETFs Reach $10B Trading Volumes in Record Time
According to James Seyffart, competition is a long-term journey and the recent debut of Bitcoin ETFs has been mainly successful. Spot Bitcoin ETFs have gotten off to a decent start since their introduction in the United States last week. James Seyffart, an ETF strategist at Bloomberg, says that within the first three days of their […]
First Bitcoin (BTC) Options Expiry After ETF Approval
The Bitcoin options data indicates that despite the recent approval of the ETF, the BTC price continues to experience short-term volatility. The price of Bitcoin has not changed much in response to the historic first day of trading for the spot Bitcoin ETF on Wall Street. Bitcoin is trading 0.87 percent lower at $46,080 with […]
Bitcoin ETF Rapidly Lowering BTC Price, Traders Deleverage
The recent occurrence of misinformation coordinated by the SEC had a substantial influence on the volatility of Bitcoin (BTC), leading to an unexpected and peculiar sequence of events. Extreme volatility characterized the Bitcoin price on Tuesday, January 9, in response to fake SEC approval news for Bitcoin ETF. Following a significant increase to $48,000 on Tuesday, […]
BTC Breaks $47,000, VanEck Seeds Bitcoin ETF With $72 Million
At the forefront is the investment firm VanEck, which, as disclosed in its amended S-1 form, has taken decisive action by establishing its potential spot Bitcoin ETF with an initial investment of $72.5 million. On Monday, Bitcoin (BTC), the largest cryptocurrency in the world, surpassed $47,000 as issuers including BlackRock, Fidelity, and others filed updated paperwork with […]