The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs. The Race To Launch An Ethereum Futures ETF Cryptocurrency…
The Bitcoin price tagged a new yearly high yesterday at $31,840, leaving market participants wondering about the driving forces behind this bullish momentum. The Power of Economic Indicators One of the crucial factors contributing to Bitcoin’s upward trajectory was the release of the United States Producer Price Index (PPI) data. The latest figures revealed a…
In the Bitcoin space, one question echoes persistently through the minds of enthusiasts and investors alike: When will Bitcoin rocket to the moon? While no one knows the answer, there are on-chain metrics and historical patterns that can be followed to track down the answer. Bitcoin Price Analysis: When Will BTC Break Out? Over the…
The dream of a spot Bitcoin exchange-traded fund (ETF) in the US is still yet to become a reality as various investment firms continue to seek approval from the Securities and Exchange Commission (SEC) despite multiple rejections. In a recent turn of events, Valkyrie, an alternative asset management company specializing in the emerging cryptocurrency sector,…
After Bitcoin reached a new yearly high at $31,413, the buy side has so far failed to initiate a trend-following move north. Although the bulls fended off a sell-off last Friday in the wake of the SEC’s perceived concerns over a Bitcoin spot ETF approval, the momentum seems to be increasingly flattening, or isn’t it?…
The cryptocurrency industry has experienced a significant downturn in the last 18 months due to concerns about high inflation and its impact on finances. However, there is evidence of increasing institutional adoption of Bitcoin (BTC) amid these challenging market conditions. Adoption Of Bitcoin Among Top Fintech Companies Prominent fintech companies have amassed substantial amounts of…
After the Bitcoin price hit a new yearly high of $32,410 last Friday, June 23, the price rally has stalled for the time being. While the long-term outlook looks extremely bullish due to various Bitcoin spot ETF applications, there are currently a few reasons in the short-term which prevent a continuation for now. Today, Wednesday,…
The recent Bitcoin rally has led to speculation that the price could rise further with the introduction of spot ETFs. The arrival of ETFs, especially from reputable companies such as BlackRock and Fidelity, could boost institutional investor confidence and lead to a surge in the Bitcoin price. The one million dollar question, however, is: how…
BlackRock’s filing for a Bitcoin spot ETF (iShares Bitcoin Trust) has breathed new life into the market and sparked a strong rally. The hope is that BlackRock will trigger a “Great Accumulation Race” around Bitcoin, fuelled by the fact that 69% of all investors have been unwilling to sell their Bitcoins for over a year,…
The application by BlackRock, the world’s largest asset manager, for approval of a Bitcoin spot ETF with the US Securities and Exchange Commission (SEC) is the biggest story in the crypto market today. Numerous experts are extremely optimistic that an approval of the first Bitcoin spot ETF in the US will be a massively bullish…