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Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs

Hong Kong regulators recently approved spot Bitcoin and Ethereum exchange-traded fund applications, but Bloomberg ETF analyst Eric Balchunas predicts that the local ETF market may not perform as well as…

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Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin…

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Bitcoin Drops 10% Weekly But Big Players Stay in the Game

Bitcoin suffered yet another tumble, losing roughly 10% over the past week. Despite these volatile price movements, Santiment’s latest analysis reveals that key stakeholders aren’t budging on their BTC holdings.…

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Hong Kong Greenlights Spot Bitcoin and Ethereum ETFs as Crypto Market Bounces

The week started on a strong note, with Bitcoin rising above $66,000, a 3.02% increase over the past day owing to Hong Kong’s ETF development. With spot cryptocurrency ETFs being…

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US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility

Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale’s Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal…

Continue ReadingUS Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility