Spot Bitcoin ETFs Record Third Day of Net Outflows
TL;DR Bitcoin spot ETFs recorded a net outflow of $71.73 million on August 29. BlackRock’s IBIT experienced its first net outflow since May. Total trading...
Tag : bitcoin
Bitwise Bitcoin ETF to Acquire Osprey Bitcoin Trust
TL;DR Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). The transaction is designed to be tax-free for OBTC unitholders...
Fear Returns to the Crypto Market Following Bitcoin Crash
TL;DR The Cryptocurrency Fear and Greed Index has dropped to 30, signaling rising fear in the market. Bitcoin is currently trading at $59,234, with a...
Nasdaq Seeks Approval for Bitcoin Index Options
TL;DR Nasdaq has requested SEC approval to launch options based on a Bitcoin index. Index options would allow investors to hedge risks and extend their...
Rhodium Enterprises Files for Bankruptcy Amid Mounting Bitcoin Mining Pressures
TL;DR Rhodium Enterprises files for Chapter 11 bankruptcy with liabilities between $50 million and $100 million, affecting six subsidiaries. Financial pressures include $54 million in unpaid loans...
Robert Kiyosaki: Bitcoin is a Better Investment than Real Estate
TL;DR Movability and Flexibility: Robert Kiyosaki believes Bitcoin is a better investment than real estate due to its ease of distribution and flexibility, allowing for...
VanEck Increases Its Bitcoin Investment and Bets on Its Recovery
TL;DR VanEck has increased its investment in Bitcoin (BTC) amid forced sales that have pressured the cryptocurrency’s price down. Sales by governments and asset liquidations...
Bitcoin Hashrate Soars: Renewed Confidence Among Miners?
TL;DR Bitcoin mining hashrate has shown a significant rebound after a recent drop. The “Hash Ribbons” signal suggests the end of a phase of miner...
Institutional Investors Continue Bitcoin Accumulation Amid Market Volatility
TL;DR Institutional Bitcoin Accumulation: Institutional investors are steadily accumulating Bitcoin through various means, including spot BTC ETFs and direct acquisitions, despite market fears. Stablecoin Supply...
Bitcoin Miners Show Renewed Confidence as Marathon Digital Increases Reserves
TL;DR Marathon Digital’s Major Bitcoin Purchase: Marathon Digital has acquired $249 million worth of Bitcoin, increasing its total reserves to over 25,000 BTC, following a...