The winds of change swept through the cryptocurrency markets in Asian trading hours, with Bitcoin (BTC) leading a charge downward, erasing the gains made earlier in the week. This article delves into the reasons behind this price dip, explores the potential impact of a looming distribution from a defunct exchange, and examines contrasting long-term outlooks…
The digital asset industry is on the cusp of extraordinary growth, as highlighted by a recent report from investment bank Architect Partners. This surge signals a dramatic shift from the industry’s state just two years ago, underscoring the strides cryptocurrency has made in establishing itself as a formidable force in the financial world. The report…
A recent report by investment firm Bernstein signals a significant shift in the cryptocurrency landscape, with Bitcoin (BTC) and crypto-linked stocks poised for a major wave of institutional adoption. This article delves into Bernstein’s insights, exploring the potential ramifications for the future of Bitcoin and the cryptocurrency market. Debunking the Bearish Narrative Contrary to skeptics’…
Samara Cohen, BlackRock’s chief investment officer for index investments, has noted that financial advisors remain cautious about spot Bitcoin exchange-traded funds (ETFs) despite their recent success. Cohen attributes this caution to the inherent volatility and the relatively nascent stage of Bitcoin and its ETFs. Spot Bitcoin ETFs’ Success Since their debut in January 2024, spot…
Bitcoin’s price plummeted to a one-month low, declining from $67,000 to $64,500 after three consecutive days of outflows from its spot exchange-traded funds (ETFs). This downturn also affected other major cryptocurrencies, including Ethereum, Solana, and Toncoin, each experiencing a drop of over 3%. Token Unlocks Contribute to Downward Pressure Markus Thielen, founder of 10x Research,…
Australia’s financial landscape is on the brink of transformation as the Australian Securities Exchange (ASX) prepares to launch its first exchange-traded fund (ETF) directly tied to Bitcoin (BTC). Set to debut before the end of the year, this significant development marks a pivotal shift in the nation’s approach to digital assets. The highly anticipated spot…
Concerned about the overwhelming influence of a few tech giants on the stock market? You’re not alone. There’s a potential solution: value investing with a fresh perspective. Diversification Beyond Traditional Index Funds Instead of depending solely on traditional index funds like the S&P 500, Phil McInnis, Chief Investment Strategist at Avantis Investors, advocates for a…
Investors in Bitcoin ETFs are selling their shares for the second day in a row, likely due to upcoming economic reports that could impact the market. According to data, these spot Bitcoin ETFs listed in the US saw a net outflow of $200 million on Tuesday. This is the highest outflow since early May, when…
Investors in U.S.-listed spot Bitcoin ETFs pulled out a combined $65 million on Monday, ending a record 19-day streak of inflows, according to data. This shift comes amidst a broader market downturn and key economic events on the horizon. Grayscale’s GBTC led the outflows with $40 million, continuing its trend as the worst performer since…
Bitcoin prices bounced back on Tuesday afternoon, reaching $67,300 after dipping to $66,177 earlier in the day. This marked the first time this month that Bitcoin fell below $67,000 and its lowest point since mid-May, according to CoinDesk data. Despite the rebound, Bitcoin remains more than 3% lower compared to its high of $69,711 from…
Fidelity Investments is scoring wins on revenue-sharing agreements with exchange-traded fund (ETF) managers following a controversial fee policy. Investors use Fidelity’s platform to buy ETFs, and ETF managers typically charge fees. Fidelity wanted a slice of that pie. The company struck deals with nine ETF issuers who were previously facing potential surcharges for their funds…
Ripple CEO Brad Garlinghouse believes the U.S. Securities and Exchange Commission (SEC) will approve exchange-traded funds (ETFs) for XRP, along with other cryptocurrencies, by next year. In a recent interview, Garlinghouse discussed the changing landscape of crypto regulations in the U.S., attributing the shift towards approving crypto ETFs to the SEC’s string of court defeats….