Your Daily Digest of Global Stories
One of the main factors behind the recent rise in the price of bitcoin (BTC) is the outstanding performance of ETFs of this digital currency in the United States. Yesterday, The funds reported net inflows totaling $555 millionthe highest volume recorded since June 4. This injection of capital led to the price of bitcoin going…
“Institutional investors are showing renewed interest,” the report says. Regulatory challenges represent the main obstacle to broader adoption, they point out. A study by the Alternative Investment Management Association (AIMA) reveals that investment in cryptocurrencies by traditional hedge funds in the United States has increased significantly. According to him reportinvestments in digital assets increase as…
Canary and Bitwise are seeking approval from the regulatory body, the SEC. For a long time, XRP was classified as an unregistered security. Two companies are in the race to launch an exchange-traded fund (ETF) based on the spot price of XRP, a cryptocurrency issued by Ripple Labs. Investment firm Canary Capital joined Bitwise in…
Whales are buying bitcoin on-chain and that drives the price. In the medium and long term, bullish expectations for bitcoin continue. Bitcoin (BTC) is holding firm in a significant price range. At the time of this publication, it is trading around $61,300, reflecting an increase of 0.84% compared to the previous day. This increase occurs…
The global crisis situation makes investors become conservative. In the medium and long term, bullish expectations remain in force for bitcoin. For the third day in a row, bitcoin (BTC) is testing $60,000 (USD) as support. This occurs after the perceived decline in the escalation of the war between Israel and Iran this week. Thus,…
Bitwise registered a trust entity, which is a step prior to applying. XRP ETFs have been rumored for several months now. Investment firm Bitwise took a step towards creating an exchange-traded fund (ETF) based on XRP, the cryptocurrency issued by Ripple. The company registered a trust entity in Delaware, a move that precedes the formal…
Bitcoin is trading at USD 61,000, affected by the outflow in ETFs and the war in the Middle East. The outflow of capital broke the streak of million-dollar inflows that extended for 8 consecutive days. Bitcoin (BTC) remains at $61,000 this Wednesday, after a day marked by a significant outflow of capital from exchange-traded funds…
The bitcoin (BTC) market has experienced notable dynamics in recent days. There was an 8-day streak of positive net inflows into BTC spot exchange-traded funds (ETFs) that has directly influenced the buying pressure in the market. This phenomenon has been consolidated since September 19, 2024, with the price of bitcoin remaining firmly above $63,500. Monday,…
These financial products facilitate the entry of institutional and corporate money. The price of ETH rose 6% in two days, reaching $2,710, although it later corrected. Ether (ETH), the cryptocurrency of the Ethereum network, broke a streak of five consecutive weeks of negative money flows, reporting inflows of $87 million to its investment funds, according…
Key facts: ARK, BlackRock and Fidelity led capital inflows into bitcoin ETFs. This behavior generates upward pressure for the price of bitcoin. During the day on Thursday, September 26, bitcoin ETFs (BTC) recorded an unprecedented inflow of money in the last two months, with a net total of $365.57 million. This flow of capital towards…
