Bitcoin (BTC) Set for Next Parabolic Bull Run, CryptoQuant Analyst Says
On March 12, the spot ETFs hit a new record of $1 billion (over $14.7K BTC) in net inflow, with BlackRock’s iShares Bitcoin Trust (IBIT) dominating at $849M.
The Winklevoss Bitcoin Trust ETF filed an amendment to its Securities and Exchange Commission prospectuson to sell 1 million shares on the Nasdaq exchange.
On March 12, the spot ETFs hit a new record of $1 billion (over $14.7K BTC) in net inflow, with BlackRock’s iShares Bitcoin Trust (IBIT) dominating at $849M.
Jack Dorsey and Jay-Z have pledged to give the four-member team complete autonomy to decide on the operational direction of the Bitcoin Blind Trust.
The steep growth of BlockFi’s valuation comes with the broader acceleration in startup prices.
The Initial Public Offering for the Bitcoin Trust was completed for 230 million Canadian Dollars, equivalent to around 180 million USD.
The VanEck Solid Bitcoin Trust decided to withdraw its Bitcoin ETF proposal filed earlier this year on January 30, 2019. The withdrawal comes just a month before SEC’s final deadline of the verdict.
Grayscale Investments’ Bitcoin Trust generates an appreciation YTD of 296%. This is an elevating growth as compared with established investments displayed in the Global Dow (12.9%) and S&P 500 (18.7%) over an equal time frame.
Under the approval from FINRA, Grayscale’s Ethereum Trust (ETHE) will be available for retail investors which is a positive sign for the entire industry.
The Winklevoss Bitcoin Trust ETF filed an amendment to its Securities and Exchange Commission prospectuson to sell 1 million shares on the Nasdaq exchange.