The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.
Bitcoin’s RSI divergence signals correction, 10x Research said.
The regulator’s latest update on the hack suggests it never lost access to the account.
Previous landmark events such as Coinbase’s stock exchange listing and ProShares’ futures’based bitcoin ETF debut happened at near market tops.
The “NFTs on Bitcoin” project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.
The latest price moves in crypto markets in context for Jan. 12, 2024.
CryptoQuant veri shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.
CoinShares said the decision is a direct result of the SEC’s approval of the listing of a spot bitcoin ETF.
Further review and consideration regarding crypto ETFs is planned, the regulator says.
Bitcoin ETFs clocked up some $4.6 billion in volumes on their first day, but market volatility hit futures speculators as prices whipsawed.
