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Bitcoin Surpasses Silver To Become Second Largest ETF Commodity In The US

Bitcoin ETFs Overtake Silver ETFs in the United States Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity in terms of assets under management (AUM). This remarkable milestone indicates the growing acceptance of Bitcoin as a mainstream investment vehicle. Increasing Demand from Institutional and […]

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Grayscale’s GBTC Reports Significant Bitcoin Outflows Amid ETF Competition

Major Bitcoin Outflows from Grayscale's GBTC Grayscale's exchange-traded fund, GBTC, has experienced a significant decrease in its bitcoin holdings. The company reported a reduction of 13,793.09 BTC, valued at approximately $571 million. This marks another decline in reserves following recent withdrawals from Grayscale's assets. Records show that as of January 14, 2024, Grayscale's Bitcoin Trust

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BlackRock’s Spot Bitcoin ETF To Begin Trading in Brazil Tomorrow

BlackRock's spot Bitcoin exchange-traded fund (ETF) is set to debut in Brazil tomorrow, as reported by InfoMoney, Brazil's largest financial market news platform. The launch follows BlackRock's announcement that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will start trading on B3, Brazil's stock exchange, on Friday. BlackRock's Goal of Providing

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Bitcoin.com Offers $15,000 in Rewards To Boost VERSE Token Liquidity

Bitcoin.com Partners with Kucoin to Enhance VERSE Token Liquidity Bitcoin.com, a leading cryptocurrency platform, has announced a campaign to boost liquidity and trading volume for its ecosystem token VERSE. The company is offering $15,000 in rewards to incentivize individuals to provide market-making services for the VERSE/USDT trading pair on Kucoin, a top-tier centralized cryptocurrency exchange.

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GBTC Bitcoin Trust Sees Significant Outflows Since January 12

Introduction Over the course of six days in the U.S. market, a total of nine newly launched spot bitcoin exchange-traded funds (ETFs) and the recently revamped GBTC saw a combined trading volume of $16.53 billion. However, GBTC, which accounted for the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In

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Bitcoin Technical Analysis: Navigating Bearish Currents

Introduction Bitcoin, with a market capitalization of $798 billion and a 24-hour trade volume of $16.58 billion, is currently hovering just above the $41K zone. A detailed analysis of its 1-hour, 4-hour, and daily charts reveals a predominantly bearish trend. Oscillators and Key Indicators Oscillators, such as the relative strength index (RSI), Stochastic, and commodity

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JPMorgan Downgrades Coinbase Stock, Warns of Crypto Market Challenges

JPMorgan's Downgrade of Coinbase Stock Global investment bank JPMorgan has downgraded Coinbase Global (Nasdaq: COIN) from Neutral to Underweight, citing concerns about the future of the crypto market. The bank warns of a difficult time ahead, as crypto prices are already under pressure and the potential for cryptocurrency ETFs to deflate further. JPMorgan analyst Kenneth

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UBS Expects a 10% Rise in Gold Prices by 2024 as Fed Policy Shifts

UBS, a well-established financial services company, has made a bold prediction for the future of gold prices. According to their analysis, they anticipate a significant increase of 10% in gold prices by the year 2024. This projection is primarily based on the expected policy changes by the U.S. Federal Reserve, which is likely to initiate

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