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Is BTC’s Price Impacted by the Recently-Approved Spot Bitcoin ETFs? (CryptoQuant Analysis)

Bitcoin (BTC) recently soared past the $50,000 mark for the first time since December 2021 and has remained on the rise, currently trading above $51,900. Analysts from on-chain intelligence platform…

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New Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock’s IBIT Leads Charge

In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on…

Continue ReadingNew Wave of Bitcoin ETFs Acquire 264,232 BTC Worth $13.5B in Just 5 Weeks, Blackrock’s IBIT Leads Charge

Grayscale Bitcoin Trust’s (GBTC) Market Share Drops to 30%: Kaiko

Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While…

Continue ReadingGrayscale Bitcoin Trust’s (GBTC) Market Share Drops to 30%: Kaiko