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Grayscale's Bitcoin Trust (GBTC) has seen a slowdown in its reduction of bitcoin holdings, while nine newly launched spot bitcoin exchange-traded funds (ETFs) have collectively acquired an impressive total of 160,661.38 bitcoin. GBTC Reduces Bitcoin Holdings While 9 ETFs Gain Ground Recent data shows that Grayscale's Bitcoin Trust (GBTC) has experienced a decrease in its […]

Introduction Significant changes are occurring in the realm of illicit actors utilizing cryptocurrencies. According to a report published by TRM Labs in 2023, Bitcoin is no longer the preferred asset for criminals. This shift in cryptocurrency usage has profound implications for the cryptocurrency ecosystem and requires a reevaluation of policy approaches. The Changing Landscape The

Introduction BlackRock's spot Bitcoin ETF has achieved higher trading volume than the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. This development suggests a potential slowdown in outflows for GBTC, which has experienced over $5 billion in outflows since its inception. In contrast, other spot Bitcoin ETFs, including BlackRock and Fidelity, have

A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of cryptocurrency. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to understand the investing habits of European crypto users. The results showed that 55% of the participants exclusively use cryptocurrencies for

This article provides a heuristic analysis of GBTC outflows, aiming to help readers understand the current state of GBTC selling from a high level and estimate the scale of future outflows that may occur. Please note that this analysis is not intended to be strictly mathematical, but rather serve as a tool for insight. Number

Hashkey Capital, a digital asset investment company, has partnered with FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), to introduce three indices that track cryptocurrencies. These indices provide investors and traders with the ability to monitor a wide range of assets across different segments of the digital asset market. Hashkey and FTSE

Bitfarms Expands Mining Operations with New Site in Paraguay Bitfarms, a leading bitcoin mining enterprise listed on the U.S. stock market, has announced the successful acquisition of a new site in Yguazu, Paraguay. The company plans to establish a 100 megawatt (MW) mining facility at the location, as part of its ambitious strategy to increase

Introduction The global cryptocurrency market has experienced a significant surge in ownership, with the number of crypto owners increasing by 34% in 2023. This growth is attributed to the rising popularity of bitcoin and Ethereum, as well as key drivers such as the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin Ordinals protocol.

Michael Howell, the founder and CEO of Crossborder Capital, a London-based independent research and investment company, has offered a unique perspective on the current state of the economy. Contrary to the prevailing belief of monetary tightening, Howell believes that there is a rise in liquidity that will have a positive impact on stocks, gold, and

Trezor Alerts Users to Phishing Risk After Security Breach Trezor, the company behind the popular cryptocurrency hardware wallet, has recently issued a critical security alert in response to a breach in its support ticketing system. This breach has potentially exposed the personal contact information of over 66,000 customers, raising concerns about possible phishing attacks. Unauthorized