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Massive inflows into spot bitcoin ETFs made headlines recently, but other metrics showcase U.S. investors' appetite for the asset. Bitcoin's price premium on Coinbase hit a 9-month high Thursday, indicating strong U.S. demand, CryptoQuant data showed. (Jonathan Borba/Unsplash, modified by CoinDesk) Bitcoin's price premium on Coinbase hit a 9-month high, indicating demand from U.S. investors, CryptoQuant data showed. The recent...
Some Bitcoin ETF issuers will pull their funds as the tussle for market share and low fees heats up, while investors reap the rewards in the meantime, say analysts. The cutthroat battle to become the top United States spot Bitcoinexchange-traded fund (ETF) issuer could see many of the listed ETFs today eventually shut down due to lack of profits. According...
The S&P 500 look expensive relative to bonds, but that does not imply risk aversion or outflow of money from stocks and crypto and into Treasury notes. BTC's price (CoinDesk) Bitcoin surged over 13% last week to register its best performance since October. The AI-led surge in the S&P 500 is supportive of the bullish momentum in the crypto market....
Bitcoin bulls are trying hard to break loose from a stubborn BTC price trading range. Bitcoin neared $45,500 after the Feb. 8 Wall Street open as bullish continuation brought the highest BTC price levels in a month. BTC/USD 1-day chart. Source: TradingView Shorts fail to suppress a new BTC price advance Data from Cointelegraph Markets Pro and Trading View tracked...
A Seoul court sentenced the pair to a combined eight years in jail and said a “significant amount” of Bitsonic user funds is still missing. BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products. The spot Bitcoin ETF has topped $3.19 billion in inflows, according to Feb. 5 data...
A malicious actor claims they have a “KodexGlobal” account, allowing them to issue emergency data requests (EDRs) to several major crypto and social media platforms. An online hacker claims they have access to a law enforcement request account, “KodexGlobal,” allowing buyers to subpoena user information from Coinbase, Binance, Chainlink and other firms. Accordingto ablogupdated on Feb. 4, cybercrime solutions provider...
The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was. FTX's Sam Bankman-Fried exiting a federal courthouse in New York last year. (Nikhilesh De/CoinDesk) The U.S. federal government on Wednesday charged three people with a yearslong phone hacking conspiracy that culminated in the infamous theft of $400 million from FTX as...
The British bank expects the SEC will treat spot ether ETF applications similarly to bitcoin ETFs and anticipates approvals on May 23. Ether prices seen rising ahead of ETF approval (Unsplash) Ether(ETH), the second-largest cryptocurrency by market value, could rise nearly 70% from current levels and hit $4,000 by May as applications for spot-based exchange-traded funds (ETF) will likely win...
(Kyle Glenn/Unsplash) The much-awaited approval of spot bitcoin [BTC] exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia, even if some regions may not necessarily or immediately be able to create the ideal policies for such a move, multiple analysts have told CoinDesk. U.S. basedindustry analysts...
Bitcoin ETF Flows Show Negative Trend For First Time Since Launch Outflows at Grayscale’s GBTC have remained high while inflows for the other funds as a group have slowed. Bitcoin ETF net inflows have slowed (Mediamodifier/Pixabay) The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened for trade...
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