Spot Bitcoin ETFs Gain $143 Million on Friday, Institutions Buy Dips?
Bitcoin price correction offers ETF investors a great opportunity to buy dips. Bitwise Bitcoin ETF BITB added 38,000 Bitcoins this week. Following the July 4 holiday, Bitcoin ETFs have experienced a significant rebound, which represents a major turnaround from the outflows that were observed earlier this week. This occurred as the Bitcoin price plummeted to […]
Bitcoin ETF Records 5 Consecutive Days of Inflows
On July 1, US spot Bitcoin exchange-traded funds (ETFs) experienced substantial daily inflows of $129.45 million, marking the fifth consecutive day of positive flows. The U.S. government approved Spot Bitcoin ETFs on January 10, and they commenced trading the following day. Unlike the Grayscale Bitcoin Trust (GBTC), which has experienced significant inflows and outflows since […]
VanEck Adds Coinbase as Custodian for HODL Bitcoin ETF
VanEck has added Coinbase to its list of custodians for the HODL Bitcoin ETF to increase protection for the Trust’s Bitcoin holdings. VanEck named Coinbase as an extra custodian for its HODL Bitcoin ETF on Friday, June 28, marking a significant change to its Bitcoin Trust. The agreement provides particulars and security measures meant to […]
BlackRock’s $82M Boost Propels Bitcoin ETF to 4-Day Winning Streak
U.S. Spot Bitcoin ETF saw its fourth straight inflow, as BlackRock’s IBIT saw its first since June 20. However, Bitcoin remains in red. Today, the Bitcoin price fell below $60,000 for the fourth consecutive day, while the U.S. Spot Bitcoin ETFs experienced positive momentum. Significantly, numerous market analysts have identified the recent sluggish trading of the […]
Jump Crypto Facing United States CFTC Investigation
Jump Crypto is reportedly under investigation by the United States CFTC following a series of interrogating engagements in the industry. Jump Crypto, a financial institution in Chicago, has recently been the subject of the Commodity Futures Trading Commission (CFTC) investigation. Issues Raised About Jump Crypto The United States regulator is concerned about Jump Crypto’s involvement […]