BlackRock’s Spot Bitcoin ETF Starts Trading in Brazil
The asset manager’s geographic expansion of the iShares Bitcoin Trust ETF (IBIT) follows its successful introduction in the U.S. in January.
The asset manager’s geographic expansion of the iShares Bitcoin Trust ETF (IBIT) follows its successful introduction in the U.S. in January.
Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained.
The cryptocurrency has more room to run, analysts say.
The U.S. economy and its dollar has enjoyed relative strength over the past few years.
BlackRock’s bitcoin ETF (IBIT) surpassed $1 billion in trading volume Thursday for the fourth consecutive day.
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.
The attractive yield on the market-neutral cash and carry trade could draw more money to the crypto market.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 29-March 6.
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
Net inflows into U.S.-listed spot bitcoin ETFs accelerated this week, with BlackRock’s IBIT pulling in $520 million in fresh funds on Tuesday, BitMEX Research veri shows.