The key driver behind the selling could potentially be crypto lender Genesis, which last month received bankruptcy court approval to sell 35 million GBTC shares.
BlackRock’s bitcoin ETF (IBIT) surpassed $1 billion in trading volume Thursday for the fourth consecutive day.
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.
Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4 billion in daily trading volume coupled with strong inflows.
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.
Institutional interest in digital assets means that crypto terms such as ‘Nakamoto Coefficient’ are now mainstream issues.
The ECB blog post by two of its officials.
SEC approval in January opened up the market to a new generation of investors but there are still advantages to directly owning crypto that ETFs can’t provide, says Eric Ervin, CEO of Onramp Invest.
Bloomberg exchange-traded funds analyst Eric Balchunas noted a particular uptick in volume for HODL and BTCW
The 5th edition of the Independent Reserve Cryptocurrency Index has revealed that 25% of Australians view Bitcoin more favourably after the spot Bitcoin ETF approval in January.