First Mover Americas: Demand for Bitcoin Futures ETF BITO Ramps Up
The latest price moves in crypto markets in context for Nov. 30, 2023.
The latest price moves in crypto markets in context for Nov. 30, 2023.
ProShares’ BITO now has $1.47 billion in holdings, as a flurry of bitcoin ETF applications in the U.S. seemingly spurs institutional interest in the asset.
BitMEX is internally transferring its bitcoin holdings to a newer wallet type, according to on-chain firm CryptoQuant.
The company said has it created “only non-custodial” mining pool where miners get the new bitcoin block reward directly from the network.
The Bitcoin hashrate has been climbing steadily all year, and Antpool has edged ahead of Foundry while stockpiling bitcoin.
The bitcoin price could come under pressure as some of the money is likely to completely exit the ecosystem, the report said.
The pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment, one observer said.
How does bitcoin fit in your portfolio? Zach Pandl from Grayscale takes us through the investment thesis.
Antpool mined the block and the sender’s wallet was set up just minutes before the transfer.
The move appears to be in anticipation of the approval of spot bitcoin ETFs.