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.
Since the launch of ETFs, Bitcoin (BTC) has broken above all the significant levels and might be targeting a new all-time high.
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.
The S&P Global Ratings report states that using institutional custodians for staking on Ethereum ETFs could exacerbate network concentration.
The Coinbase legal team argued that Ethereum is highly decentralized and viewed as a commodity as much Bitcoin, thus its spot ETFs should be approved soon.
The VanEck spot Bitcoin ETF (HODL) trading volumes spiked by 2,200% on Tuesday as it intends to lower its offering fees from 0.25% to 0.20%, as per regulatory filings.
The volume of VanEck’s ETF saw a significant spike following the firm’s preparation to reduce its fee, giving the product an advantage.
A network of RIAs will now begin allocating funds for investment to the Bitcoin market through BITB, the spot Bitcoin ETF from Bitwise.
Marketing for Bitcoin ETFs has taken some interesting turns since Bitwise released the first ad in mid-December 2023, close to a month before spot Bitcoin ETFs were approved.
The rising inflows coincide with an increase in the price of Bitcoin, which has surged nearly 25% year-to-date.
The majority of US spot Bitcoin ETF issuers have set their sponsor fee between 0.19% and 0.25%, but the high competition could easily cause further lowering in the near term.
Bakkt announced that the US SEC approved its universal shelf registration in Form S-3 to raise up to $150 million in several offerings over the next three years.
While BlackRock’s Gold ETF has registered major outflows in 2024, its Bitcoin ETF stands tall at first place with $4.8 billion in flows so far in 2024.
Genesis now has legal approval to sell $1.6 billion in Grayscale shares, including GBTC and ETHE, even though DCG disagrees.
Bitcoin is now poised to scale its all-time high as traders are bullish, and anticipate a price jump following the performance of spot ETFs.
Robinhood outlined its 2024 expense plan, which includes investments in new products such as a professional trader offering on its website, index options, and futures.