Bitcoin | Ethereum | Altcoin

2024-01-27 12:10:20 BlackRock’s Bitcoin ETF First to Reach $2B in AUM

The BlackRock iShares Bitcoin ETF (IBIT) on Friday became the first of the recently launched spot bitcoin products to reach $2 billion in assets under management (AUM). This doesn't include Grayscale's GBTC, which had nearly $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF.

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2024-01-26 19:35:25 JPMorgan reports GBTC sell declining, highlights ETF record outflows

In a market report released on Jan. 25, a team led by Nikolaos Panigirtzoglou, JPMorgan’s market strategy managing director,”GBTC profit taking has largely happened already.” The assessment suggests that the primary factors influencing Bitcoin’s price fluctuations, specifically those linked to GBTC, might be diminishing. Grayscale’s fund has been trading below its net asset value since early 2021. Analysts attribute the $4.3 billion in outflows since its Jan. 11 conversion to an ETF to investors cashing in on earlier GBTC investments.

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2024-01-26 09:29:02 Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan

Selling pressure in bitcoin (BTC), the world’s largest cryptocurrency, from investors taking profits in crypto investment vehicle, the Grayscale Bitcoin Trust (GBTC), may be largely over, JPMorgan (JPM) said in a research report on Thursday. The bank notes that bitcoin has dropped over 20% in the two weeks following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S.

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2024-01-25 18:35:24 Crypto experts predict whether a spot Ethereum ETF will get approved in 2024

With 11 spot bitcoin ETFs approved and trading underway, the broader crypto market is now pondering whether a spot Ethereum ETF will follow — and when. There is certainly demand for one. Brett Tejpaul, head of Coinbase Institutional, told The Block in a recent interview that there's interest and enthusiasm for a spot Ethereum ETF from its clients and noted that a number of leaders have said they would see value in that kind of a product coming to market.

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2024-01-25 08:25:08 SEC delays BlackRock’s spot Ethereum ETF; decisions are still due in May

The U.S. Securities and Exchange Commission (SEC) extended the decision period on BlackRock’s planned spot Ethereum ETF on Jan. 24. Previously, the SEC was required to approve, reject, or institute proceedings to approve or reject BlackRock’s proposal by Jan. 25, 2024. However, securities laws permit the agency to extend the decision period to March 10, 2024.

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2024-01-24 20:10:00 Bitcoin drawn back toward $40k as market capitalization recovers $30 billion

Bitcoin’s price reclaimed the $40,000 threshold after trading below the mark during the last two days. According to CryptoSlate’s data, the top cryptocurrency spiked by around 4% during the last 24 hours, peaking at nearly $40,500 today, Jan. 24, before slightly retracing to $39,997 as of press time. Experts have attributed BTC’s poor performance during this period to selling pressure from the derivative market.

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2024-01-24 08:52:02 Bearish Bitcoin leads to tumble in crypto stocks, with Coinbase taking a hit

The shares of several U.S.-listed crypto companies experienced substantial declines in their values due to the significant market downturn today, Jan. 23. Bitcoin’s price retraced more of the gains it made in anticipation of the U.S.-based spot exchange-traded fund (ETF) launches in the U.S. The flagship digital asset dropped below $39,000, marking its lowest value since early December, according to CryptoSlate’s data.

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2024-01-23 21:20:00 Bitcoin tumbles under $39,000 triggering $115M liquidation in 1 hour

Bitcoin’s (BTC) dip below the $39,000 mark resulted in significant liquidations totaling approximately $115 million across the cryptocurrency market during the past hour. In the last 24 hours, BTC experienced a 4% decline, trading at $38,915 as of press time, according to data from CryptoSlate. This downturn reduced its market capitalization by around $40 billion, settling at $767 billion.

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2024-01-23 08:01:27 Bitcoin price falls below $40,000, retracing all gains made since multiple ETFs were approved

The price of bitcoin declined on Monday to levels not seen since early December, falling below $40,000 amid ongoing focus on outflows from Grayscale's spot ETF. The largest digital asset by market capitalization has declined over 5% in the past 24 hours and is was changing hands for $39,505 at 2:42 p.m. ET, according to The Block data. The global cryptocurrency market cap fell by 4.8% on Monday to a value of $1.64 trillion.

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