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Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday

At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC)…

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JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The…

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Analysts Bullish on Bitcoin: QCP Capital Foresees New All-Time Highs in June

Singapore-based QCP Capital indicates that bitcoin could potentially exceed its all-time high of $73,794 this month by crossing the $74,000 threshold. The signals QCP emphasized were derived from bitcoin call…

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HK vs. US: China AMC Leads but Can’t Lift Hong Kong Spot Bitcoin ETFs to US Levels

Hong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$87.5 million ($11 million) on their first day, April 30. However, these ETFs underperformed compared to their…

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Ark Invest’s ETF Holds Unique ‘Bitcoin Puppet’ NFT Worth Over $27,000

According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued…

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Goldman Sachs Says ‘Many of Our Largest Clients’ Getting Active in Crypto

Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval…

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Peter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key

Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls…

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Mad Money Host Jim Cramer Expects Spot Ethereum ETF to ‘Bloom’ Soon

Jim Cramer, the host of CNBC’s Mad Money show, believes that a spot ethereum exchange-traded fund (ETF) “will soon bloom.” He cited the immense success of spot bitcoin ETFs, which…

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SEC Chair Gary Gensler Outlines ‘Very Real Economic Difference’ Between Bitcoin and US Dollar

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has outlined a “very real economic difference” between crypto like bitcoin and fiat currencies like the U.S. dollar. “You have a…

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Report: Spot Bitcoin ETFs Lead Crypto Investment Surge With Record Inflows

In a recent turn of events, spot bitcoin exchange-traded funds (ETFs) emerged as the market leaders in the realm of cryptocurrency investment products last week. According to a recent report…

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