The US spot Bitcoin ETFs registered a net outflow of about $65 million on Monday, coinciding with the crypto selloff in the past 24 hours.
Amid the GameStop stock drama, a meme coin dubbed $GME has been making waves in the cryptocurrency market.
The analyst believes that fund managers will now be seeking to reallocate resources.
Two financial stakeholders in Malaysia have partnered to give citizens access to cryptocurrency, through digital asset exchange-traded funds for BTC, ETH, and blockchain-related companies.
While Gold ETFs have been for the past 20 years, five-month-old US spot Bitcoin ETFs currently have 60% of their AUM.
While the low trading volumes on 21Shares’ crypto ETNs might be a concern for some, the company remains confident that this is a temporary situation.
While waiting for the SEC’s decision on its application, ProShares launched two new Ethereum-linked futures ETFs on June 4.
Hong Kong’s move towards staking for spot Ethereum ETFs could be a game-changer, giving them a competitive edge over US ETFs and solidifying Hong Kong as a leading digital asset hub.
Prominent figures like Gurbacs are using this event to highlight perceived inconsistencies in regulatory practices.
The popular meme stock trader has also influenced GameStop-inspired meme coins on various chains amid ongoing crypto bullish sentiments.
The ongoing inflows into Bitcoin ETFs highlight the growing investor interest in digital assets.
MicroStrategy has over 18 short positions as per the list on investment research firm Fintel’s “The Big Shorts”. Although there are strong short selling position, the overall interest in shorting MSTR is declining.
Bitcoin price surged to $71,767 on Bitstamp due to increased inflows into spot Bitcoin ETFs, with analysts noting a strong link between these inflows and the price rise.
Nvidia is the second largest company in the US, now only behind Microsoft, which overtook Apple earlier this year.
Cathie Wood’s pivot towards RDDT and other stocks has generated considerable optimism among stock watchers about the asset’s future performance.