Bitcoin Etf Financial News

crypto universe, Bitcoin’s (BTC) fourth halving event (expected around April 18) stands out as a pivotal moment. It augments the functioning of Bitcoin’s economic model wherein a calibrated reduction in mining rewards leads to a supply crunch. This event, occurring approximately every four years, is not only a procedural milestone but also a change that influences BTC’s scarcity, thereby impacting its value and the broader investment landscape. It is even more pertinent given the approval of Bitcoin spot ETFs in the US earlier this year. Bitcoin is already in a price discovery mode after breaching $72,000 this week. This is the first time that BTC hit an all-time high even before the halving. This bullish market sentiment can even extend into late next year giving a portfolio boost to all crypto investors.

Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are pushing United States Securities and Exchange Commission (SEC) Chair Gary Gensler to “strictly limit” the approval of crypto-based ETFs, in a March 11 letter addressed to Gensler.

cryptocurrency by value. Meanwhile, Ethereum, the second largest crypto token, also plunged over 7% to $3,685. The global cryptocurrency market cap declined 6.15% to around $2.6 trillion in the last 24 hours.

cryptocurrency by value, hit a new record high at $73,700 on Thursday, led by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. It was last 0.7% higher at $70,496 at 12:43 pm IST. Meanwhile, the global cryptocurrency market cap surged 0.9% to reach around $2.75 trillion in the last 24 hours.

Longtime Bitcoin critic Peter Schiff admitted on March 13 that he regrets not investing in Bitcoin when he was first introduced to it in 2010. The American stockbroker, known for advocating for gold investments, had previously mocked Bitcoin as a “pure Ponzi scheme.”

In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 at 12:57 pm IST.

cryptocurrency won further support on greater trading accessibility and dollar weakness. In the last 24 hours, Bitcoin jumped to an intraday peak of $72,850. It was last 5% higher at $71,986 at 11:26 am IST.

Crypto management firm Grayscale has hatched a plan to stop its rapidly accelerating asset bleed – and it involves launching a brand new Bitcoin spot ETF.

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.

In the last 24 hours, Bitcoin jumped to an intraday peak of $71,030 in volatile trading. It was last 2.4% higher at $70,900 at 1:07 pm IST.

J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold.

Bitcoin gained momentum in early trading on Thursday as bulls showed some signs of pulling out of their bets on the world's largest cryptocurrency. Earlier on Tuesday, it reached an all-time high of $69,202, later on Wednesday it fell to near $60,000. The world's largest crypto token today jumped to an intraday peak of $67,637 in volatile trading, not too far from Tuesday's record high of $69,202. It was last 2.4% higher at $66,015. The digital asset's meteoric rally — having already surged 57% for the year so far — has been fuelled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall.

Meanwhile, at 4.20 pm, the crypto token was trading 4% higher at $3,830. It has also gained nearly 65% in the last one month, and over 145% in the past one year.

BlackRock’s Bitcoin ETF, IBIT, has shattered another record for daily inflows, absorbing $788.3 million from investors Tuesday alone.

Bitcoin hit a high of $69,170, topping November 2021's all-time peak of $68,999.99. Investor interest has increased since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January. It then reversed course and was recently down around 2% at $65,694 at 10:57 am.

The Fidelity Bitcoin ETF, Wise Origin Bitcoin Fund (FBTC), recorded its largest number of daily inflows on Monday, absorbing $404.6 million in funds used to buy more Bitcoin (BTC).

cryptocurrency by market value. In early trade on Tuesday, Bitcoin was at $68,500, having reached a session high of $68,828, only 2% away from the all-time peak of $68,999.99 it set in November 2021.

South Korean authorities are discussing the potential approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the country, as revealed by the country’s chief of the financial watchdog. 

Grayscale, the world’s largest crypto asset manager, has experienced a significant decrease in its Bitcoin (BTC) holdings since converting its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) in mid-January. 

Coinbase’s trading platform is once again encountering technical problems amid heavy trading activity in the cryptocurrency market, with some users experiencing issues such as displaying a $0 account balance.

Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $65,537 early in Europe, having already hit a new two-year high in Asian trading. It was last up 4% at $65,045. Bitcoin hit a record $68,999.99 in November 2021.