While all three major indexes rose, the S&P 500 hit a new record barely a week after setting a previous one.
Charles Schwab has demonstrated an increasing interest in the crypto space following initial skepticism towards the emerging economy.
According to data from BitMEX Research, GBTC witnessed a decrease in outflows, with $394.1 million on January 25, down from $429.3 million on Wednesday and $515.3 million on Tuesday.
The JPMorgan analysts highlighted BlackRock and Fidelity Investment’s spot Bitcoin ETFs as emerging competitors to GBTC.
While it is expected that the selling pressure will continue to ease as FTX is done selling its shares, large outflows from GBTC could result in further price declines in Bitcoin.
Nine new spot Bitcoin ETFs have accumulated over 100,000 BTC, valued at $4 billion AUM. BlackRock’s IBIT leads with 40,213 BTC.
The Dow has hit a new record, while other indexes also increased, as traders believe the Fed will leave interest rates unchanged.
Among the newly launched nine Bitcoin ETFs, BlackRock and Fidelity’s ETFs have witnessed inflows northwards of $1.2 billion each.
Court documents in Delaware reveal Terraform’s assets and liabilities estimated between $100 million to $500 million, with 100 to 199 creditors.
The planned IPO also poses a test for Reddit users to show their loyalty to the platform.
SkyBridge’s Anthony Scaramucci stated that Bitcoin price could surpass $170,000 a year after Bitcoin halving in April 2024.
The 54th World Economic Forum in Davos gathers global leaders to discuss challenges ranging from geopolitical tensions to AI impact. Key themes include security, economic growth, AI ethics, and climate strategy.
Being the third lowest performer by trading volume among the 11 spot Bitcoin ETFs that debuted on Thursday, Valkyrie’s spot Bitcoin ETF garnered just under $9 million in trading volume during the day.
The SEC has received a filing for a covered call ETF from Grayscale, which will have no direct exposure to crypto.
Circle Internet Financial confidentially filed for an initial public offering (IPO) in the US.