The Valkyrie Bitcoin Strategy ETF is slated to commence trading on the Nasdaq stock market on Friday, Oct 22, just four days after the first-ever BTC futures fund was launched. Bloomberg senior ETF analyst Eric Balchunas has confirmed that the Valkyrie fund will be launching on Friday after initially stating it would be trading today....Read More
Bitcoin, the most valuable cryptocurrency in the world, reached a new all-time high of about $67,000 on Wednesday, surpassing the previous peak set in April. Its prices have risen by 50% in the last month. Advertisement On Wednesday, bitcoin was hovering just below its all-time highs, and the first bitcoin futures-based exchange-traded fund (ETF) in...Read More
Digital Currency Group, the organization behind the world’s largest cryptocurrency asset manager, has decided to enhance its Bitcoin position by authorizing the acquisition of $1 billion more worth of shares of Grayscale’s Bitcoin Trust. The press release dated October 20th reads that Digital Currency Group has upped its authorization from $750 million to $1 billion....Read More
Around $1 billion in volume was traded in BITO as more than 24 million shares changed hands on its first day. The ProShares debut ranked only behind a BlackRock carbon fund for the first day of trading. According to Bloomberg data, BITO climbed about 4.9% to $41.94 on the day. Options on BITO will begin...Read More
On October 19, the first Bitcoin exchange-traded fund (ETF) debuted on the New York Stock Exchange (NYSE), generating a lot of buzz. On its inaugural day, the ProShares Bitcoin Strategy ETF (BITO) saw over $1 billion in trading volume. Advertisement The ETF traded nearly $280 million worth of shares in the first 20 minutes of...Read More
Advertisement Highlights The day seems to be rough for altcoins such as Cardano, Dogecoin, and Stellar. Coins like Fantom, Cosmos, and Litecoin had a cheerful day. Trends on the market charts have been rhythmic, while some coins flourish with their prices topping the daily charts. Some suffer, with prices dipping closer to their support levels....Read More
Hours before the first Bitcoin Futures ETF is anticipated to start trading on the New York Stock Exchange (NYSE), Invesco has reportedly dropped its plans to launch a similar product. According to Bloomberg, major investment management firm Invesco seems no longer interested in the race to release a Bitcoin Futures exchange-traded fund (ETF). While Invesco...Read More
Capriole Investments founder Charles Edwards has been observing Bitcoin’s on-chain activity and metrics which can often provide signals for major market moves. On Oct. 18, he tweeted a chart that depicts the MVRV z-score which uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its “fair value.” MVRV Predicts...Read More
The crypto space has been receiving a phenomenal response from investors and traders. While prominent coins like Bitcoin and Ethereum remain the primary choices of hodlers. Other coins in the space are receiving praises from enthusiasts, over their fundamentals and price movements. Altcoins Flourishing in the Space Polkadot (DOT): Polkadot is one of the top...Read More
The long-anticipated launch of a Bitcoin Futures ETF in the United States might be over as a more recent report claimed such a product will go live for trading on October 19th. The topic of whether or not the United States Securities and Exchange Commission will ever greenlight an exchange-traded fund tracking the performance of...Read More
The world’s largest cryptocurrency investment vehicle – Grayscale – plans to file to turn its BTC Trust into a Bitcoin spot ETF next week. This comes amid numerous reports claiming that the SEC has finally decided to greenlight an exchange-traded fund tracking the performance of bitcoin, even if it’s a futures one. Citing people familiar...Read More
A month after the Bitcoin law went into effect in the central American nation of El Salvador, interest in the cryptocurrency has continued to soar as a greater percentage of residents are converting their dollars into BTC. In a tweet made by the country’s president, Nayib Bukele, El Salvador’s in-house crypto wallet app – Chivo...Read More
Highlights Approval of futures ETFs is expected to be a game-changer for the space. ALT coins to see growing acceptance and adoption in the industry. The month has been exciting for the crypto space and possibly holds bundles of joy for traders in the space. The approval of Proshare’s Bitcoin Futures ETF by the U.S...Read More
It appears that years after the first Bitcoin ETF proposal was filed, the United States Securities and Exchange Commission (SEC) has decided to greenlight a futures-backed exchange-traded fund for the first time. ProShares, the company which filed for its Bitcoin Strategy ETF, might be the very first one to see it launch next week. It...Read More
As the global interest in cryptocurrencies continues to gain momentum, Queensland Investment Corporation (QIC), Australia’s fifth-largest pension funds manager with A$92.4 billion ($69bn) of assets under management (AUM), has disclosed that it may delve into such investments in the future. Stuart Simmons, QIC’s head of currencies, told the Financial Times in an interview today. Regulatory...Read More
On Friday, Bitcoin went beyond the $60,000 barrier for the first time since April, as investors were buoyed by signals that a futures ETF will be approved soon. It implies the digital currency isn’t far off from it’s all-time high of $64,863 set in April of this year. According to Bloomberg, market sentiment is improving...Read More
For the first time since April, Bitcoin’s price is back at $60,000. It’s a major psychological level, even though, from a technical standpoint, it doesn’t contain that much resistance. In any case, this followed a considerable weekly increase and rumors of the approval of a futures-backed Bitcoin ETF in the US. Let’s take a dive....Read More
Ark Invest, the asset management firm founded by cryptocurrency enthusiast Cathie Wood,wants to accelerate is crypto strategy and has now officially lent its name to an ETF tracking bitcoin futures. A bitcoin future is not actually the same as a bitcoin token. Whoever holds futures contracts does not actually hold the cryptocurrency but rather rights...Read More
Bitcoin’s brother Litecoin turned 10 years old on October 13th, 2021. Prior to the decadal celebration, altcoin outpaced Ethereum in terms of address activity for just the third time this year. With no NFTs and no DeFi built on Litecoin’s on-chain report threatens Ethereum in many ways. Let’s dive and discover in detail! Litecoin Dominates...Read More
Bitcoin Price Targets $60,000 By Saturday Bitcoin price is flowing through its uptrend since the price broke out from the consolidation to form higher highs. After maintaining a notable uptrend for the past couple of days, the BTC price is currently falling into a bearish trap. However, the dip below $57,000 could still be considered...Read More
Bitmain – one of the world’s largest manufacturers of bitcoin mining machines – revealed it would no longer deliver crypto mining rigs to mainland China addresses. However, the firm would continue shipping its products to overseas destinations. The Crypto Ban Reached Bitmain The Chinese crackdown on cryptocurrency mining and trading has affected Bitmain as well....Read More
Car For Coin – an auction website where users can purchase luxurious cars – also provided bitcoin payments as an option. Other examples of the latest cryptocurrency adoption are the fashion brand – PacSun – and the charity organization – Nicklaus Children’s Hospital Foundation. Paying for Tesla in BTC Becomes Possible Again Even though Tesla...Read More
Ethereum co-founder Vitalik Buterin spoke out against President Nayib Bukele’s compulsory bitcoin usage for merchants and businesses, saying it was against cryptocurrency’s “ideals of freedom.” Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib) Bukele should not be praised by Crypto community.” The Ethereum co-founder did not...Read More
BTC has had a strong week, breaking over a key downtrend line and the September high of $52.9k. It managed to record an intraweek high of $56.1k, plunging deeper into the technical and on-chain resistance zone of $55k to $58k. Near-term technicals, have reached somewhat overbought levels, implying that a consolidation or minor retreat is...Read More
It’s been a green week all across crypto land as positive sentiment and big gains returned to the market. Leading the scene is Bitcoin, with an impressive surge of around 25%, once again tapping the mid-May highs. Just earlier today, Bitcoin reached a price of $56,000 – something that we haven’t seen since the middle...Read More
Institutions have resumed their appetite for bitcoin instead of gold, claimed strategists from the giant Wall Street bank JPMorgan Chase & Co. Consequently, they attributed the recent price surge to new multi-month highs to substantial purchases coming from large investors. Guess Who’s Back? The demand for bitcoin from institutions is a relatively new concept in...Read More
Over the past seven days, bitcoin’s price is up by roughly 23% according to data from CoinGecko. It’s a considerable advance in a relatively short amount of time, and the third-largest BTC whale has decided it’s time to take some profits. The third-largest Bitcoin address currently holds around 108,265 BTC according to Bitinfocharts. It appears, though,...Read More
Andrew Yang – former member of the Democratic party and primary race – just revealed his new political organization called “The Forward Party.” Shortly afterward, he also confirmed support for the broader cryptocurrency industry. Andrew Yang Loves Cryptocurrency Yang unveiled his new party in a tweet from yesterday, where he clarifies what the party is...Read More
The market leader BTC has sparked a rally above $54K, Ethereum too is pacing above $3500. XRP too is set to accelerate as it hits $1.08. However, ADA continues to face heavy resistance in the $2.3 range. Amidst such market activity, Popular analyst and trader Scott Melker predicts new rallies for Polygon and two other...Read More
With the last quarter of the year underway, bitcoin has reclaimed its dominance in the amount of interest shown by institutional investors as it leads the pack in weekly inflows. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, institutional investors have continued to increase their exposure to digital currencies. The asset...Read More
