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Bitcoin’s Post-ETF Slump: What’s Behind the 20% Decline?

LONDON, Jan 23 (Reuters) – Bitcoin, the world’s leading cryptocurrency, has experienced a significant downturn of over 20% since reaching its peak earlier this month. This decline comes in the wake of the United States approving its first spot bitcoin exchange-traded fund (ETF), a decision that initially fueled investor optimism but eventually led to profit-taking. […]

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Bitcoin’s Crucial Crossroads: $41,000 Holds Firm Amidst Whales’ Calculated Moves

Bitcoin, the pioneer of cryptocurrencies, is holding its ground above $41,000 as it navigates the turbulent waters of the crypto market. A weeklong decline had many investors on edge, but recent strategic maneuvers by crypto whales on a leading exchange suggest a potential shift in the Bitcoin trend. Whales Exit Leveraged Positions, Boost USDT Reserves […]

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Bitcoin ETFs Surges Past $10 Billion in Just 3 Days- Start to the $100K mark?

The landscape of Bitcoin Exchange-Traded Funds (ETFs) has witnessed an impressive surge, with trading volumes reaching unprecedented levels within just three days. Despite initial concerns and a subsequent market dip, the latest developments have reignited optimism among traders. Bloomberg analyst James Seyffart revealed that the aggregate trading volume of U.S. Bitcoin spot ETFs exceeded $10 […]

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Bitcoin ETFs Take Flight: NYSE’s Options Trading Gambit

The recent introduction of spot Bitcoin ETFs has sent shockwaves through the cryptocurrency market, with trading volumes surging to an impressive $10 billion within just three days. Now, the New York Stock Exchange (NYSE) is eyeing an additional avenue for growth by seeking regulatory approval for options trading on Commodity-Based Trust Shares, specifically tailored to […]

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ETH ETF Hopes Trigger Price Spike for Ether: What’s the SEC’s Stance on Ethereum ETFs?

In the wake of the recent green light for a bitcoin ETF, Ethereum enthusiasts are eagerly eyeing the possibility of a similar approval for an Ether (ETH) exchange-traded fund (ETF). However, caution flags are being raised as U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler throws uncertainty into the mix. A Cloudy Outlook Amidst […]

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Approved: US SEC Greenlight Spot Bitcoin ETFs, Blackrock Next?

The U.S. Securities and Exchange Commission (SEC) has ushered in a new era for the cryptocurrency market by approving the first U.S.-listed exchange-traded funds (ETFs) to track bitcoin. This groundbreaking decision, announced on January 10, represents a pivotal moment for the crypto industry, offering a significant leap forward in the institutionalization of Bitcoin as an […]

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From Skepticism to Collaboration: JPMorgan’s Role in BlackRock’s Bitcoin ET

In a strategic update to its spot Bitcoin ETF application on December 29, investment giant BlackRock has named two authorized participants crucial to the share creation and redemption process: Jane Street Capital and JPMorgan Securities. This development marks a significant step forward in the journey toward a potential spot Bitcoin ETF approval by the U.S. […]

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Unlocking Investment Opportunities: Understanding the Power of ETFs & What Are They?

What are ETFs? Exchange-Traded Funds (ETFs) have become a buzzword in the world of finance, combining the flexibility of stocks with the portfolio-diversifying strengths of mutual funds. But what exactly are ETFs, and why are they gaining popularity among investors? Why invest in ETFs? ETFs offer an affordable avenue to access a wide variety of […]

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Bitcoin Price Surge: VanEck CEO Predicts Record High in 2024

Jan van Eck, the CEO of VanEck, a prominent global investment managing firm, recently shared his optimistic outlook on Bitcoin’s future during an interview with CNBC. Van Eck boldly predicted that the price of Bitcoin would surge to an all-time high within the next 12 months, underlining the strong macroeconomic factors driving the cryptocurrency’s growth. […]

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Beyond Futures: The Case for Spot Bitcoin ETFs

In the ever-evolving landscape of cryptocurrency investments, the spotlight is now on the imminent launch of spot Bitcoin Exchange-Traded Funds (ETFs). The crypto community, as well as heavyweight asset managers like BlackRock and Fidelity, are eagerly awaiting the Securities and Exchange Commission’s nod for these ETFs. But what’s driving this enthusiasm, especially when futures-based Bitcoin […]