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Cathie Wood's Ark Investment Drops Plans For Spot-Ether ETF, Says It Will Focus On Spot Bitcoin ETF Instead
Sunday, June 2, 2024 - 10:15am | 539Cathie Wood’s Ark Investment Management has withdrawn from the race to launch an ETF directly investing in Ether (CRYPTO: ETH). What Happened: The firm's name was removed from an application for a spot-Ether ETF filed in collaboration with 21Shares. According to a report by Bloomberg...
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Bitcoin ETFs Dominate With Strong Inflows, Leaving Gold ETFs In The Dust
Thursday, March 7, 2024 - 9:55am | 457Significant interest in newly launched Bitcoin spot ETFs continued on Wednesday, with total net inflows reaching $332 million on March 6. This surge comes despite a net outflow of $276 million from the long-established Grayscale Bitcoin Trust (OTC: GBTC), according to data from SoSoValue....
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Bitcoin Traders Eye $64K Target As Blackrock's ETF Rakes In $500M In A Day
Wednesday, February 14, 2024 - 7:09am | 679Bitcoin (CRYPTO: BTC) traders are setting their sights on a $64,000 price target as BlackRock’s iShares Bitcoin ETF experiences a massive $500 million inflow in a single day. What Happened: The inflow into prominent spot Bitcoin ETFs has shown no signs of slowing, with close to $630 million...
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Bitcoin Analyst Says King Crypto Will Surpass $70,000 In 2024: 'ETF Juggernaut'
Tuesday, February 6, 2024 - 12:56pm | 538Analysts at investment firm Bernstein project a promising future for Bitcoin (CRYPTO: BTC), anticipating its price to exceed the previous high of $69,000 and potentially reach $70,000 this year. Despite not expecting a smooth, volatility-free ascent, the firm sees a favorable risk-reward balance...
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Is Market Ready For Ethereum ETF? Approval Uncertainty Keeps Traders Bullish On Bitcoin, Says Report
Friday, February 2, 2024 - 7:40am | 639Despite predictions of a potential surge in Ethereum (CRYPTO: ETH) value, traders still favor Bitcoin (BTC) over ETH. This trend is influenced by the uncertainty surrounding the U.S. Securities and Exchange Commission (SEC) approval of ETH-based exchange-traded funds (ETFs). What Happened: A report...
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Raoul Pal Says 60% Chance Bitcoin Hits $150K, Sees Millennial Cohort As 'Biggest Buyers Of This Stuff'
Thursday, February 1, 2024 - 3:50pm | 517Macro investor Raoul Pal predicted on Monday a 60% probability that Bitcoin (CRYPTO: BTC) could reach $150,000, with a 20% chance this peak might be achieved more rapidly than anticipated and followed by a decline. Pal also assigned a 20% possibility of Bitcoin...
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Standard Chartered Expects Ethereum ETFs Approval By May 23, Predicts $4k Price Target
Wednesday, January 31, 2024 - 12:07pm | 477Standard Chartered expects the Securities and Exchange Commission (SEC) to handle spot Ethereum (CRYPTO: ETH) ETF applications in the same way it handled Bitcoin (CRYPTO: BTC) ones and approve pending applications by May 23. In a research report released Tuesday, Standard Chartered...
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VanEck CEO Says Cryptos Deserve A Place In Everyone's Portfolio
Tuesday, January 30, 2024 - 7:24pm | 496Jan van Eck, CEO of VanEck, said on Tuesday that cryptocurrencies deserve a place in modern investment portfolios, as he deep-dived with macro guru Raoul Pal into the evolving world of macro investing, the transformative role of digital finance and the emerging market...
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Scaramucci Targets $170,000 For Bitcoin After Halving, Credits BlackRock CEO: 'Larry Did The Reversal'
Tuesday, January 30, 2024 - 6:52pm | 657Anthony Scaramucci, the founder of Skybridge Capital and former White House communication director predicted Bitcoin (CRYPTO: BTC) could soar to $170,000 after the Bitcoin halving. Scaramucci's Price Prediction: In a conversation with Scott Melker, Scaramucci...
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Bitcoin ETFs Already Hold 3% Of BTC's Supply: Where Does Institutional Adoption End?
Tuesday, January 30, 2024 - 5:12pm | 748Exchange-traded funds (ETFs) have amassed holdings that represent over 3% of all Bitcoin (CRYPTO: BTC) in existence. This significant milestone highlights a growing trend of institutional investment in Bitcoin, marking a pivotal shift in the digital asset's market dynamics. Inflow And...
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Bitcoin Miner GRIID Lists On Nasdaq, Stock Drops 54% In 2 Days
Tuesday, January 30, 2024 - 12:10pm | 849Bitcoin (CRYPTO: BTC) mining company GRIID Infrastructure (NASDAQ: GRDI) commenced trading in the U.S. market on Monday, following its initial public offering in Canada earlier this month. The Cincinnati-based company, which operates mining facilities in New York and Tennessee, merged...
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Coinbase: Key Player In New Era Of Bitcoin ETFs, Encourages Investor Caution
Tuesday, January 30, 2024 - 11:48am | 330Crypto exchange Coinbase Inc. (NASDAQ: COIN), which acts as the primary custodian for 10 of the 13 currently available spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), highlighted Tuesday its robust security measures. What Happened: Coinbase brings "less exposure to custodial...
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Will Charles Schwab Eyeing Bitcoin ETF Be A Game-Changer For Retail Investors?
Monday, January 29, 2024 - 4:36pm | 724Leading brokerage firm Charles Schwab Corporation (NYSE: SCHW) is reportedly on the verge of launching a spot Bitcoin exchange-traded fund (ETF), a move with potentially significant implications for both retail investors and the broader financial landscape. Simplifying Entry, Mitigating Concerns:...
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Spot Bitcoin ETF Application Marks New Era For Hong Kong: Will It Unlock A Flood Of Chinese Investment?
Monday, January 29, 2024 - 12:03pm | 557In a significant development for the cryptocurrency market in Hong Kong, Harvest Fund has officially applied to the first-ever Bitcoin (CRYPTO: BTC) spot Exchange Traded Fund (ETF) with the Hong Kong Securities and Futures Commission (SFC). Why It Matters: The submission of this application by...
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Coinbase's Outlook Brightens: Analysts See Positive Turn In SEC Legal Battle
Friday, January 26, 2024 - 11:44am | 390Equity research firm Oppenheimer on Friday upgraded Coinbase Global (NASDAQ: COIN) to an Outperform rating, setting a price target of $160.00. The report's upbeat stance is partly driven by the ongoing legal scenario involving Coinbase and the SEC. Oppenheimer analysts...