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Bitcoin Hits New Highs, Breaks Through $70,000 Mark, Fed Rate Cuts and ETF Inflows Key Drivers
Bitcoin Hits New Highs, Breaks Through $70,000 Mark, Fed Rate Cuts and ETF Inflows Key DriversBitcoin is surging towards its all-time high. On October 30th, Bitcoin firmly established itself above the $70,000 mark, briefly touching $73,000, nearing its historical peak
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Bitcoin Traders Target $70,000 as ETF Inflows Persist
Bitcoin Traders Target $70,000 as ETF Inflows PersistBitcoin traders are once again setting their sights on the $70,000 mark reached in June, even after a broad decline across cryptocurrencies late last week. Meanwhile, funds continue to flow steadily into US exchange-traded funds (ETFs)
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Approval of BlackRock's Bitcoin ETF Options: Impact on Bitcoin Price
Approval of BlackRock's Bitcoin ETF Options: Impact on Bitcoin PriceThe Securities and Exchange Commission (SEC) last month approved BlackRock's iShares Bitcoin Trust (IBIT) to list and trade options on the Nasdaq in the United States, marking a significant step towards bringing regulated Bitcoin options to the American market. While the majority of retail investors holding Bitcoin may not use this financial instrument directly, its availability in the U
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Bitcoin ETFs Continue to Attract Funds, Is Ethereum ETF Inflow Reversing?
Bitcoin ETFs Continue to Attract Funds, Is Ethereum ETF Inflow Reversing?Last week, Bitcoin ETFs saw a surge in inflows, with a total of $2.13 billion flowing into the asset class, marking the second consecutive week of net inflows
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BlackRock CEO Fink Admits Error on Bitcoin View as its Bitcoin ETF Trading Hits Record High
BlackRock CEO Fink Admits Error on Bitcoin View as its Bitcoin ETF Trading Hits Record HighThe world's largest asset manager, BlackRock (NYSE: BLK), which manages a staggering $13 trillion in assets, has seen its CEO, Larry Fink, admit his views on Bitcoin were wrong. On October 14, 2024, BlackRock's Bitcoin (BTC) strategy reached new heights as the company's spot Bitcoin ETF crossed $1
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Grayscale Seeks to Convert Diversified Crypto Fund into ETF, Including Bitcoin, Ethereum, and Solana
Grayscale Seeks to Convert Diversified Crypto Fund into ETF, Including Bitcoin, Ethereum, and SolanaGrayscale Investments has filed an application with the U.S
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Why are Ethereum ETFs Underperforming? Bitcoin ETF's Frenzy Fails to Replicate
Why are Ethereum ETFs Underperforming? Bitcoin ETF's Frenzy Fails to ReplicateWhile spot Bitcoin ETFs have garnered nearly $19 billion in inflows within 10 months, Ethereum ETFs, which began trading in July, have failed to ignite the same market enthusiasm and are significantly underperforming their Bitcoin counterparts. Spot Ethereum ETFs have seen net outflows of $556 million since their launch, with $8 million in net outflows this week alone
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BlackRock vs Grayscale: Ethereum Spot ETF Flows Reveal Market Sentiment?
BlackRock vs Grayscale: Ethereum Spot ETF Flows Reveal Market Sentiment?Recent days have seen a notable divergence in capital flows within the cryptocurrency market. According to monitoring by professional firm TraderT, Ethereum spot ETFs exhibited a significant outflow yesterday, with a net outflow of $3
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China Plans $142 Billion Injection to Boost Economy, Bitcoin ETF Demand Soars
China Plans $142 Billion Injection to Boost Economy, Bitcoin ETF Demand SoarsInvestor demand for Bitcoin ETFs has surged as China contemplates injecting up to $142 billion into its state-owned banks to buoy its struggling economy. Meanwhile, Ethereum and WorldCoin are both experiencing strong performance, surging past $2,500 and 14% respectively
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Bitcoin ETFs Accumulate 900,000 BTC, Nearing Satoshi Nakamoto's Holdings!
Bitcoin ETFs Accumulate 900,000 BTC, Nearing Satoshi Nakamoto's Holdings!Spot Bitcoin (BTC) exchange-traded funds (ETFs) have amassed over 900,000 BTC since their launch, and are on track to surpass the 1.1 million BTC held in the wallets of Bitcoin's anonymous creator, Satoshi Nakamoto
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Cryptocurrency Market Hot Topics: ETFs, Regulation, Macroeconomics, and Innovation
Cryptocurrency Market Hot Topics: ETFs, Regulation, Macroeconomics, and InnovationBitcoin ETFs, especially spot Bitcoin ETFs, have become a key part of the cryptocurrency market. These financial products allow investors to profit from price movements in Bitcoin without directly buying, storing, or managing it
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SEC Approves Nasdaq Listing of Options Contracts on iShares Bitcoin Trust ETF
SEC Approves Nasdaq Listing of Options Contracts on iShares Bitcoin Trust ETF The Securities and Exchange Commission (SEC) on Friday approved Nasdaq Inc.'s application to list options contracts related to the iShares Bitcoin Trust ETF