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 … Read more
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 … Read more
Stock Market: There has been a continuous strong rally in the Indian stock market. Talking about BSE Sensex, it closed at 84,266.29 points on October 1. On the other hand, if we talk about Nifty 50, it has reached the level of 25796.90. Now the question is whether this rally of the Indian stock market … Read more
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, … Read more
Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, argued this week in an interview that bitcoin (BTC) should be treated as a commodity, equating it with traditional commodities such as gold and oil. “When you really understand bitcoin, it is difficult to see it any other way,” Lutnick commented.underscoring the nature of bitcoin as … Read more
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 … Read more
Key facts: The price of an ounce of gold is at an all-time high. Bitcoin, the “digital gold”, is also showing bullish movements. Gold has not stopped recording new all-time high prices this year. This reflects a sustained growing demand for the precious metal, something that usually occurs in times of economic uncertainty. “Gold is … Read more
Key facts: With an uncertain macroeconomic outlook, a prolonged period of high volatility is expected. With the US rate cut, the crypto market as a whole is up 10% since the announcement. Historically, Bitcoin and the broader cryptocurrency market tend to experience a dip in the month of September. This month has typically led to … Read more
MicroStrategy has outperformed the S&P 500 index thanks to its investment in bitcoin (BTC), according to data revealed by Michael Saylor, the company’s CEO. Since adopting BTC as part of its corporate strategy in August 2020, the company has seen over 1,000% growth in its stock performance. MicroStrategy’s performance not only outperformed the S&P 500. … Read more
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