Browsing:Bitcoin

ETF provider Bitwise publishes its Bitcoin addresses for Spot ETF
2 months ago 1 min read

ETF provider Bitwise publishes its Bitcoin addresses for Spot ETF

Bitwise, an asset management company, has released the Bitcoin addresses associated with its spot Bitcoin exchange-traded fund (ETF). This announcement comes about two weeks after shares of the Bitwise Bitcoin ETF (BITB) became available for trading. Bitwise announced the news via Twitter on January 24, inviting the public to verify the holdings of its Bitwise Bitcoin ETF on the New York Stock Exchange Arca. The provided Bitcoin address revealed a holding of 11,858.63 BTC, or approximately $465 million. On January 10, the US SEC accepted eleven applications from various asset management companies, including Bitwise’s spot Bitcoin ETF. The move to

Bitcoin is currently trading at $39688
2 months ago 1 min read

Bitcoin Drops Below $40,000 Level as Bears Continue Domination

According to recent data from Crypto Quant, as of January 19th, issuers of spot Bitcoin ETFs collectively held over 638,000 bitcoins, equivalent to an estimated $28 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) is the top Bitcoin ETF issuer, with 566,973 BTC. Following closely behind is BlackRock’s iShares spot ETF, which trades under the ticker symbol IBIT and holds 28,662 BTC. In an unexpected move, Grayscale Investments, the company behind the well-known Grayscale Bitcoin Trust (GBTC), completed a significant Bitcoin sale worth more than $2 billion. This strategic decision comes amid debate over Grayscale’s decision to keep ETF fees

Bitcoin is experiencing difficulty
2 months ago 1 min read

Bitcoin Faces Resistance at $43,250, Struggling to Sustain Recovery

Bitcoin (BTC) is currently experiencing difficulty as it faces resistance near $43,250. Despite initiating a consolidation period after reaching $41,500, BTC’s attempts to regain momentum face roadblocks at $43,250 and $43,500 levels. The crypto is at a critical juncture, with potential losses looming if it fails to maintain a position above $43,500. Following a consolidation phase of around $41,500, Bitcoin experienced a modest recovery. However, bears operating near the $43,250 and $43,500 levels resisted the ascent. The latest downward movement began after reaching a swing high of $43,568. The breakdown below $43,000 marked a significant shift in price action. Furthermore,

MicroStrategy buys an additional 14,620 BTC for $615.7 million
3 months ago 1 min read

MicroStrategy buys an additional 14,620 BTC for $615.7 million

MicroStrategy led by Bitcoin advocate Michael Saylor, has confirmed its ongoing commitment to Bitcoin accumulation as speculation swirls around the potential approval of a spot Bitcoin ETF in the United States. MicroStrategy disclosed a significant purchase of Bitcoin between November 20, 2023, and December 26, 2023, in its most recent 8-K filing with the US Securities and Exchange Commission. MicroStrategy and its subsidiaries acquired an additional 14,620 BTC for a total of $615.7 million in cash during this period. The cost of one Bitcoin, including fees, was nearly $42,110. This strategic acquisition comes on the heels of MicroStrategy’s significant purchase

Bitcoin ETF Could be Approved By January, Cathie Wood
3 months ago 1 min read

Cathie Wood: U.S. Approval of Bitcoin ETF Expected in January 2024

Cathie Wood, CEO of ARK Invest, is bullish on the prospect of a spot Bitcoin ETF being approved in the United States. Recent interactions with the U.S. Securities and Exchange Commission (SEC), according to Wood, have been encouraging, indicating a potential breakthrough for the institutional adoption of crypto. Wood emphasized a positive shift in the SEC’s approach during recent meetings with companies that have filed for Bitcoin ETF approval, including industry titans like BlackRock and Grayscale. She stated that the SEC’s detailed questioning suggests a more thorough evaluation process than in previous denials. Wood stressed the importance of clear communication

Craig Wright Gets Slapped With $1 Million Fine
3 months ago 1 min read

Craig Wright faces a $1 million fine as his Bitcoin lawsuit progresses

Craig Wright’s legal battle against Bitcoin Core developers has taken a dramatic turn in the ongoing saga surrounding the identity of Bitcoin’s creator. The trial, in which Wright claims to be Bitcoin’s enigmatic founder, Satoshi Nakamoto, has been rescheduled for February 5. The lawsuit concerns developers and major corporations such as Blockstream and Coinbase. Wright claims that these developers and firms used his Bitcoin technology without his permission and that they own the intellectual property associated with Bitcoin’s creation. Wright has submitted 97 new documents to support his case, including files he believes are critical to Bitcoin’s inception. However, developers

BlackRock edges closer to launching its own ETF.
3 months ago 2 mins read

BlackRock nears Bitcoin ETF launch, facing SEC scrutiny over using a third-party broker

The race for a Bitcoin Exchange Traded Fund (ETF) is heating up as financial giant BlackRock edges closer to launching its own ETF. However, the company is facing scrutiny from the U.S. Securities and Exchange Commission (SEC) over its plan to utilize a third-party broker and Coinbase as a custodian. As the year comes to a close, BlackRock, along with other applicants, is fine-tuning its ETF application. The Bitcoin ETF has been a highly anticipated development in the crypto space, and BlackRock’s entry into the arena adds an extra layer of excitement. One notable aspect of BlackRock’s plan is the

Bitcoin is trading at $44,111, up 2.18% in the last 24 hours
3 months ago 1 min read

Bitcoin is trading at over $44,100, up 2.18% in the last 24 hours

With the clock ticking down to the expected approval deadline, investors worldwide are eagerly awaiting the Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs. The outcome of this decision will have far-reaching consequences for Bitcoin and the broader crypto market. During a recent Bloomberg TV interview, Michael Saylor, executive chairman of MicroStrategy, emphasized the significance of the impending spot Bitcoin ETFs. Saylor boldly predicted that this would be the “biggest on Wall Street” development in the last 30 years. He went into greater detail about the potential impact, emphasizing that the introduction of a spot Bitcoin ETF would

BlackRock and Nasdaq recently met with the US SEC to discuss the potential launch of Bitcoin Exchange-Traded Fund (ETF).
3 months ago 1 min read

BlackRock and Nasdaq Collaborate with SEC on Game-Changing Bitcoin ETF

BlackRock and Nasdaq recently met with the US Securities and Exchange Commission (SEC) to discuss the potential launch of a groundbreaking Bitcoin Exchange-Traded Fund (ETF). The meeting focused on BlackRock’s Bitcoin ETF proposal, which represents a significant step toward providing a novel way for individuals to invest in Bitcoin through traditional stock market channels. The meeting’s disclosed memo highlighted key discussions, with a focus on Nasdaq’s regulations governing the listing of ETFs. These regulations are critical to the ETF’s safe and equitable operation. Surveillance and compliance measures were emphasized in particular to maintain market integrity and fortify defenses against potentially

The US financial landscape is preparing for a historic showdown as major firms prepare for the anticipated approval of spot Bitcoin ETFs.
3 months ago 1 min read

Financial Giants Prepare for Historic Marketing Clash as Bitcoin ETF Approval Looms

The US financial landscape is preparing for a historic showdown as major firms prepare for the anticipated approval of spot Bitcoin ETFs. A vivid forecast reveals the impending marketing battle between industry titans in a Reddit post by user slvbtc. As the deadline for spot ETF applications approaches, a slew of financial behemoths, including BlackRock, Wisdom Tree, Galaxy, Valkyrie, Ark Invest, VanEck, Fidelity, NYDIG, Franklin, and Global X, are gearing up for a marketing blitz. These firms, which collectively manage assets worth around $15 trillion, are set to compete for the top spot in the competitive Bitcoin ETF market. The

Bitcoin's price has risen above $43K
3 months ago 1 min read

Bitcoin Surges Beyond $43,000 as Spot ETF Hopes Reignite

Bitcoin’s price has risen above $43,000, fueled by renewed interest and optimism surrounding the potential launch of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. The excitement stems from the Securities and Exchange Commission’s (SEC) upcoming decision on spot ETFs, with a final decision expected in early January. The news that asset management behemoth BlackRock has changed its policy to accept Bitcoin redemptions for its products provided a significant boost to confidence. Another notable trend contributing to the Bitcoin market’s vitality is the increase in inscriptions and, as a result, the fees paid to miners. Inscription fees, which

Bitcoin has dropped 2% in the last 24 hours, trading below $41,000.
3 months ago 1 min read

Bitcoin (BTC) trading below $41,000 poses a challenge for bulls

Bitcoin (BTC), which has risen from $26,866 to $44,543 in eight weeks, is showing signs of a possible downturn. According to CoinMarketCap, the largest crypto has dropped 2% in the last 24 hours, trading below $41,000. Despite multiple attempts to break through the $45,000 resistance level, Bitcoin has struggled to maintain its upward momentum. Following a peak on December 9, BTC was unable to break through the $44,600 resistance, forming a rejection pattern. This triggered a new decline, with the price falling below $40,800 and now trading below $41,000, accompanied by a breach of the 100-hourly simple moving average. On