Home News Market News Page 39

Market News - Page 39

This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.

Market News

Market News, News

BlackRock and Fidelity’s Spot Ethereum ETF Application: SEC Delays Decision, Seeks Public Input

By Temitope Olatunji Mar 5, 2024 • 3 mins read

The SEC’s decision to seek public comment on the proposed ETFs is a strategic move, as it allows the regulatory body to gather insights and address potential concerns regarding fraud, manipulation, and the intricacies of Ethereum’s transaction validation process

Market News, News

Cathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares

By Godfrey Benjamin Mar 4, 2024 • 3 mins read

In addition to selling Coinbase shares, Ark Invest also divested 686,864 Robinhood shares from its Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds.

Blockchain News, Cryptocurrency News, Market News, News

Coinbase’s Triple Threat: Withdrawals, Outages, and Glitches

By staff writer Mar 1, 2024 • 3 mins read

Yesterday, when Coinbase faced outage, the stock price level dropped from $205 to $195, causing a downfall of approximately 5%.

Market News, News

Blackrock’s IBIT among Top 3 US ETFs by Flows, Hit $10B in AUM

By Benjamin Njiri Mar 1, 2024 • 2 mins read

IBIT saw over $500M in inflows between February 27 and 29.

Market News, News

Bitwise CIO Matt Hougan: Spot Bitcoin ETFs Could Soon See Even Bigger Wave of Cash Inflows

By Steve Muchoki Mar 1, 2024 • 3 mins read

Hougan noted that major wirehouses will soon drive the Bitcoin demand to the roof as the supply gets reduced during the halving event.

Market News, News

BofA’s Merrill and Wells Fargo to Offer Spot Bitcoin ETFs to Clients

By Bhushan Akolkar Mar 1, 2024 • 3 mins read

A representative from Wells Fargo has verified that spot Bitcoin ETFs have been accessible for unsolicited purchases post-SEC approval.

Market News, News

BlackRock Partners with B3 to Launch Bitcoin ETF in Brazil

By Godfrey Benjamin Mar 1, 2024 • 3 mins read

The success of the BlackRock iShares Bitcoin Trust IBIT in the United States serves as a testament to the growing appetite for crypto investment products.

Market News, News

Grayscale Urges SEC to Let Users Trade Options on Its GBTC ETF

By Tolu Ajiboye Mar 1, 2024 • 3 mins read

Grayscale CEO Sonnenshein ask the SEC to approve options for GBTC, adding that the Commission has already approved same for futures ETFs.

Market News, News

Bitcoin Demand Shock: Spot BTC ETF Volumes Explode to Record $7.69B

By Benjamin Njiri Feb 29, 2024 • 2 mins read

Bloomberg ETF analyst Eric Balchunas noted that the overall record-breaking trading volumes weren’t restricted to spot ETFs alone.

Market News, News

Ark Invest and 21Shares Partner with Chainlink to Disclose ARKB Spot Bitcoin ETF Reserves

By Steve Muchoki Feb 29, 2024 • 3 mins read

The move by Ark Invest and 21Shares to integrate with the Chainlink network will help level up transparency and confidence in ARKB.

Market News, News

BlackRock’s IBIT Records Second Consecutive Day of Massive Trading Volume

By Godfrey Benjamin Feb 28, 2024 • 3 mins read

The enthusiasm for Bitcoin-related ETFs was further underscored by data indicating that US-listed spot Bitcoin ETFs collectively traded over $2 billion.

Market News, News

Benchmark Gives Buy Call for MicroStrategy (MSTR) with Target Price of $990

By Bhushan Akolkar Feb 28, 2024 • 2 mins read

Benchmarks expects MicroStrategy stock price to rally an additional 15% from here while Bitcoin price is likely to reach $125,000 in 2025.

Market News, News

Bitcoin Spot ETFs Register Record-Breaking Daily Inflows of Over $500M

By staff writer Feb 27, 2024 • 3 mins read

Since the launch of ETFs, Bitcoin (BTC) has broken above all the significant levels and might be targeting a new all-time high.

Market News, News

Block Stock Up Over 13% after Company Beats Analysts’ Expectations in Q4 2023 Earnings

By Steve Muchoki Feb 23, 2024 • 3 mins read

Block announced that it will continue to focus on gaining more customers with the current employee base after registering double-digit percentage gains in gross profits.

Market News, News

Spot ETH ETFs Could Worsen Concentration Risks on Ethereum Network, Says S&P Global Ratings

By Tolu Ajiboye Feb 22, 2024 • 3 mins read

The S&P Global Ratings report states that using institutional custodians for staking on Ethereum ETFs could exacerbate network concentration.