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Fidelity’s FBTC Leads the Pack as US Spot Bitcoin ETFs Break Negative Streak

US spot Bitcoin ETFs finally reversed their streak of net outflows, bringing in $31 million in net inflows. This positive shift followed a seven-day period of continuous net outflows across…

Continue ReadingFidelity’s FBTC Leads the Pack as US Spot Bitcoin ETFs Break Negative Streak

Grayscale’s GBTC Tops Outflow Charts With $90M Amid BTC’s Price Crash Below $60K

Grayscale’s GBTC has dominated in the recent wave of outflows from US spot Bitcoin ETFs, which collectively recorded a total daily net outflow of $174.45 million on Monday. This marked…

Continue ReadingGrayscale’s GBTC Tops Outflow Charts With $90M Amid BTC’s Price Crash Below $60K

Declining Bitcoin Open Interest on CME Suggests Further Pain for BTC Price: Bitfinex

Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register…

Continue ReadingDeclining Bitcoin Open Interest on CME Suggests Further Pain for BTC Price: Bitfinex

Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm

A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of…

Continue ReadingKorean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm