Bitcoin is making waves on Wall Street, with BlackRock and Fidelity, two of the popular spot Bitcoin exchange-traded funds (ETF) issuers shattering records. Looking at recent trends, spot Bitcoin ETFs are surging in popularity, indicating that institutional investors, or “whales,” are diving headfirst. Fidelity And BlackRock Spot Bitcoin ETFs Break Wall Street Record Mark Wlosinski,…
Following the cryptocurrency market’s foray down to fresh yearly lows, investors are becoming increasingly alert to news regarding upcoming institutional-aimed products, including that being offered by Bakkt. On the heels of Bakkt’s recent decision to delay their platform’s launch until late-January, 2019, the company released an update on their Twitter account informing the public about…
David Lawant, the head of research for FalconX, an institutional crypto trading platform tailored for financial institutions, recently provided an insightful forecast regarding the future of Bitcoin (BTC) prices in light of the anticipated launch of a spot Bitcoin ETF in the United States. Sharing his predictions via X (previously known as Twitter), he articulated…
TL;DR US spot Ethereum ETFs recorded $270.0 million of net inflows for the September 21 session. BlackRock’s ETHA led the day with $110.0 million, while Fidelity’s FETH added roughly $73.0 million. The numbers are single-session ETF flows, not direct purchases by the Ethereum network or protocol. US spot Ethereum ETFs bounced back with a $270…
Fidelity Digital released a survey report recently displaying substantial growth in a number of categories surrounding digital assets. Across Europe and the U.S., year-over-year growth existed in almost every category, which includes current exposure and perception and appeal. Let’s take a deeper dive into the survey and some of it’s takeaways. Crypto Catalysts: Fidelity’s Findings…
Fidelity Investments is a 72-year company with more than $7 trillion in investor’s funds under management, and despite their well-established position within the traditional retail markets, they are incredibly open to nascent technologies, like cryptocurrency and blockchain. Fidelity’s openness to blossoming new technologies is setting themselves into a unique niche. In certain ways, it is…
The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock…
US spot Ethereum ETFs have recorded a third consecutive day of net inflows, giving ETH traders another sign that institutional demand is improving after a choppy stretch for the products. Farside Investors data shows the Ethereum ETF group brought in $37.47 million in net inflows on July 21. BlackRock’s ETHA led the day with $52.79…
David Krueger, a crypto analyst on X, thinks Bitcoin (BTC) will tear higher, surging by 100% to 200% within five months, fueled primarily by fear of missing out (FOMO) once the coin breaks above $50,000. Will Bitcoin Break Above $50,000 And Rally To $100,000? Citing Tom Lee’s historical analysis, Krueger believes FOMO typically kicks in when Bitcoin…
In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion. Source: Coinmarketcap.com There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional…