First Net Inflow Recorded for Grayscale Bitcoin Trust Since Launch
What many have not seen for a long time is the first net inflow of the Grayscale Bitcoin Trust in a long time since its launch. Bitcoin ETF Gradlwyd sees over $60 million in inflows Gradlwyd Bitcoin ETF has recorded 82 outflows since its launch on January 11, 2024. On May 3, the GBTC fund […]
Bitcoin ETFs: Optimism Amidst Largest Outflow for Grayscale Bitcoin Trust (GBTC)
Grayscale Bitcoin Trust (GBTC) recently experienced its largest day of capital outflows since its launch. Although ETF analysts remain optimistic Bitcoin ETFs are believed to be starting to gain popularity. More than $640 million worth of Bitcoin (BTC) was sold from Grayscale’s Spot Bitcoin ETF on March 18, marking the largest outflow since the fund […]
Bitcoin Market Cap Reaches Record $1.35 Trillion as Price Surges to $68,991.85
Bitcoin market cap reaches a new high of $1.35 trillion After the price of Bitcoin rose to near the highest level at $68,991.85. On March 5, 2024, Bloomberg News reported that According to CoinGecko data, The market value or market cap of Bitcoin is as high as $1.35 trillion. This extends the peak of $1.28 […]
Spot Bitcoin ETFs: Revolutionizing Institutional Investment in the Digital Asset Market
Important advantages Spot Bitcoin ETFs is the ability to widen investment access to a wide range of people along with giving them the opportunity to follow price movements without being capturedBitcoindirectly, which is considered highly beneficial for institutional investors such as Wealth Managers and service providers for clients with high assets (Private Banking) who want […]
Bitcoin Price Surges to All-Time Highs in Coin Bull Market
With the virtual currency Bitcoin breaking an all-time high, the price of Bitcoin is displayed at the Upbit Lounge in Gangnam-gu, Seoul on the 29th. 2024.2.29/News1 © News Reporter1 Seungkwan Yoo Bitcoin is leading the recent rise in the virtual asset (cryptocurrency) market, breaking all-time highs every day on the 28th and 29th. Due to […]
Bitcoin Price Hits Major Resistance at $64,000: Will All Time High be Reached Before Halving?
At midnight on February 29, 2024, the price of Bitcoin hit a major resistance at $ 64,000 and quickly fell to $ 58,700, before this morning the price was within the range. $61,000-6,3000 (based on prices from Binance) where there are many communities of cryptocurrency traders Starting to think that the price of Bitcoin will […]
Strong Demand for Bitcoin ETFs Raises Concerns About Supply Scarcity and Price Surges
[블록미디어 이제인 기자] As the Bitcoin ETF sucks up BTC like a vacuum cleaner, there are concerns about ‘scarcity’. Scarcity causes price surges. On the other hand, some argue that the amount of Bitcoin in circulation is sufficient considering the money leaving Gradlwyd and the supply of coins from miners. Bloomberg reported on the 16th […]
“Don’t Sell BTC to Larry” – The Satirical Campaign Against BlackRock’s Bitcoin ETF
[블록미디어 이제인 기자] With more than $5 billion flowing into the BlackRock Bitcoin ETF (IBIT), the Bitcoin community is even launching a campaign to “Don’t sell BTC to Larry.” “Don’t sell your #Bitcoin to Blackrock. Don’t sell your bitcoin to Larry. ” This campaign, which includes sentences and hashtags like, is a paradoxical satire on […]
Institutional Investors Set to Support Bitcoin Price in Coming Months, Predicts Coinbase Report
[뉴욕 = 장도선 특파원] The price of Bitcoin will be well supported by institutional investors in the coming months, Coinbase predicted in its weekly report. “We believe that Bitcoin will continue to be well supported over the next three to six months as more institutional players adapt to the new reality of the ETF,” Coinbase […]
Bitcoin Surpasses $47,000 and Ethereum Exceeds $2,500: Are Cryptocurrencies Heading for a Bull Market?
[뉴욕 = 장도선 특파원] As Bitcoin surpassed $47,000 for the first time in nearly two years on the 9th (local time), expectations for a full resumption of the bull market have grown. Bitcoin was at $47,500 in CoinMarketCap at 8:56 New York time, up 5.80% from 24 hours ago. Previously, the intraday high was recorded […]
