Bitcoin
Hong Kong SFC Approves Spot Bitcoin & Ethereum ETFs : Report
In a significant development for Hong Kong’s crypto market, the Securities and Futures Commission (SFC) has given the green light to several spot Bitcoin and Ethereum exchange-traded funds (ETFs). This decision marks a milestone in the region’s crypto landscape, paving the way for greater accessibility and legitimacy in digital asset investments. On Monday during the […]
Bitcoin ETFs in Hong Kong could surge demand to $25 Billion
In a significant development for the cryptocurrency market, Hong Kong is on the verge of approving a spot Bitcoin exchange-traded fund (ETF), marking a milestone in the convergence of traditional finance and digital assets. Hong Kong’s Matrixport, a provider of cryptocurrency services in Singapore, indicated that Hong Kong authorities’ prospective approval of Bitcoin Spot ETF […]
SEC Postpones Bitwise and Grayscale Bitcoin ETF Decision
In a recent development, The United States securities regulator has delayed its decision on whether to allow the New York Stock Exchange (NYSC) to offer options trading on spot Bitcoin (BTC) ETFs. This move will directly impact the trading strategies involving the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust. It will also affect any […]
Bitcoin Cash Halving: Forked Path to Efficiency
Bitcoin Cash, the biggest Bitcoin fork, finished its halving earlier this Thursday, according to data from BTC.com. The controversial fork launched in August 2017 and increased the block size to 32 megabytes to make payments more efficient. Bitcoin Cash reached its highest price of $3,324 in late December 2017, but the hype was short-lived due […]
ARK Bitcoin ETF Daily Outflows Surpass Grayscale’s GBTC for the First Time
Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $87.5 million on April 2, the highest since its debut, according to preliminary data from Farside Investors. This outflow is equivalent to approximately 1,300 BTC. The amount surpasses outflows seen from Grayscale’s Bitcoin Trust (GBTC), which recorded $81.9 million on the same day. This […]
Bitcoin Falls Below $66K, Leads to $483M in Crypto Liquidations
Bitcoin (BTC) fell 5% to $65,970 from $69,450 in less than 30 minutes in the early hours of April 2 UTC. This marks a 10.60% drop from its peak of $73,798 reached in mid-March. The price drop triggered a massive liquidation of over $483 million worth of leveraged crypto positions on centralized exchanges (CEXs) in […]
Crypto Analysts Warn of Potential Bitcoin Price Drop
Several well-known crypto analysts are raising concerns over an unusual spike in activity from long-term Bitcoin holders. Crypto analyst CryptoCon highlighted that, there has been a significant increase in the number of old Bitcoins spent and transferred recently. This suggests that investors who have held Bitcoin for a long time are starting to sell. The analysts […]
Bitcoin Whale Moves Over $6B Worth of BTC To Three New Addresses
According to a March 25 X post by Arkham Intelligence, the 5th richest Bitcoin address, known cryptically as “37X,” transferred nearly its entire balance of 94,500 BTC, valued at $6.05 billion, on March 23, leaving only 1.4 Bitcoin in the initial address. The move sent ripples through the crypto community, as the large sum had […]
Bitcoin ETFs Record $15M in Net Inflows as BTC Surges to $71K
The net aggregate flow of funds to the spot Bitcoin (BTC) exchange-traded funds (ETFs) turned positive for the first time since March 15. According to provisional data published by investment firm Farsid, spot BTC ETFs registered inflows totalling $15.4 million on March 25. This marks a reversal of a trend that led to net outflows […]