The launch of US spot Bitcoin ETFs in January this witnessed attracted a huge pool of institutional players with total inflows surging past $12.3 billion so far. Interestingly, it turns out that the Bitcoin ETFs have been attracting wealthy investors from overseas, especially from India. Indians Use Remittance Quota to Invest in Bitcoin ETFs Despite […]
Bitcoin ETF Trading To Begin A Day After US SEC Approval
The United States Securities and Exchange Commission (SEC) looks set to take a decision in favor of approval of the spot Bitcoin ETF in the next few days, subject to clearance of the 19b-4 and S-1 forms, according to reports. Also Read: Polygon Flips Solana as Third Largest NFT Trading Network Bitcoin ETF Approval & […]
VanEck’s Strategic $64M ETH Stake Sparks 13% Ethereum Price Surge
VanEck, a prominent player in the Bitcoin ETF management sphere, has recently made waves in the Ethereum (ETH) ecosystem by pledging a substantial stake through Abyss Finance. This commitment stands at an impressive 4,640 coins, translating to a significant investment of $16.3 million. Over the span of the last week, VanEck has demonstrated its confidence […]
Bitcoin ETF Anticipation Contributes To $151 Mln Inflows In Digital Assets
Kicking off 2024 on a high note, Coinshares’ Digital Asset Fund Flows Weekly Report reveals a robust start with inflows totaling $151 million. Meanwhile, among other assets, Bitcoin takes center stage, witnessing the lion’s share at $113 million, contributing to the cumulative $2.3 billion influx since the Grayscale vs SEC lawsuit. Notably, as digital assets […]
SOL Price Forecast As Solana Plunges To $160, Is More Pain Due This Week?
SOL price forecast: Prices across the crypto market suffered another setback on Wednesday as markets globally reacted to news about the stubborn inflation in the US. Following the release of the Consumer Price Index (CPI), SOL price flash dropped testing support at $160 alongside Bitcoin price correcting to $67,500. Currently, Solana has a market value […]
Bitcoin (BTC) Reclaims $47,000 as Social Sentiment Hits New Highs
The price of Bitcoin (BTC) has breached a new milestone, jumping as high as $47,000 for the first time since April 2022 amid ongoing chatter for the approval of a spot Exchange Traded Fund (ETF) product tracking the top coin. Bitcoin Price Resurgence Bitcoin price sent shivers down many investor’s spines with its turbulent start […]
MiCA Regulation’s Impact on European Crypto Market Minimal: ESMA
The Markets in Crypto Assets (MiCA) law created by the European Union intends to regulate the crypto asset space; however, it has not yet created a surge in euro-denominated crypto transactions. This particular observation had been made in an ESMA study. Even with becoming the very first legal framework for crypto assets and stablecoins, its […]
XRP Whale Moves 26 Mln XRP As Price Jumps Past $0.57
XRP, one of the most prominent cryptocurrencies across the crypto market, gained significant traction on Tuesday following a massive whale transfer noted by the token. The whale activity, showcasing the transfer of nearly 26 million XRP, caught the eyes of crypto market enthusiasts globally as it emerged amid a price surge recorded by the Ripple-backed […]
Ethena’s Tokenized Hedge Fund Offers Eye-Popping 37% Yield, Can It Sustain?
Ethereum-based synthetic dollar protocol Ethena has been in the news recently with its native token ENA gaining a staggering 100% since launch in early April 2024. Amid the widespread buzz in the market, Ethena, which replicates a common hedge-fund trade, is attracting massive investments. However, the staking yields offered by Ethena, have surged to a […]
Spot Bitcoin ETFs Preparing To Start Trading By Thursday Morning: Report
The wait for approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. could come to an end this week finally, according to a report citing three people close to the matter. Spot Bitcoin ETFs could get regulatory approval from the U.S. SEC on Wednesday, with more than one fund preparing to launch trading on […]