Bitcoin crashes below $60K after 13 days of ETF outflows
For 13 uninterrupted trading days, not a single dollar of net new money moved into spot BTC exchange-traded funds.
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For 13 uninterrupted trading days, not a single dollar of net new money moved into spot BTC exchange-traded funds.
Read more (2 min) →Although both BTC ETFs and the price of BTC itself have declined since October, ETF outflows have far outpaced the asset's decline.
The contentious release of Bitcoin Core v30 is a reminder about the power of spot ETFs to choose which BTC fork earns investment flows.
Barclays banned customers from buying crypto with its credit card despite previously investing $131M into a BTC ETF.
Cathie Wood, fund manager at the multi-billion-dollar ARK Invest, believed in BTC and a futuristic portfolio of money-losing investments.
Of the $68T worth of assets in 10 major US brokerages, a majority might still be restricted from investing in BTC products.
Wealth management giant Blackrock has decided to introduce bitcoin allocation suggestions for the first time in certain model portfolios.
Most Bitcoiners are absolutely confident that its supply will never exceed 21 million. Blackrock added a tiny disclaimer just in case.
Bitcoin is not only rallying after the re-election of Donald Trump but is further fueled by corporate leverage at four public companies.
Bitcoin's recent rally also lifted key metrics, including all-time high futures transactions, spot ETF inflows, and options volume.