Bitcoin News

2024-03-13 21:05:00 Spot bitcoin ETF net inflows cross record $1 billion in a single day

Yesterday was yet another day of record inflows for the recently approved spot bitcoin exchange-traded funds in the United States. On March 12, net spot bitcoin ETF inflows hit over $1 billion, according to data from BitMEX Research. At the same time, Blackrock's IBIT product — which, earlier this week, crossed 200,000 BTC in assets under management — saw a record $849 million inflow.

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2024-03-13 07:55:01 JUST IN: The Biden administration is proposing a 30% tax on electricity used by Bitcoin miners

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2024-03-13 00:29:01 ARK Invest CEO Bitcoin price target is above 1M by 2030

“Our Bitcoin price target is now well above $1M by 2030, and with our new expectations for institutional involvement, the incremental price that we assume for institutions actually has more than doubled."

- Cathie Wood

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2024-03-12 10:56:06 BlackRock and Fidelity's spot bitcoin ETFs nab 69% of market share, eroding Grayscale's dominance

Grayscale's market share of cumulative spot bitcoin ETF trading volume dropped to its lowest point last Friday as rival products offered by BlackRock and Fidelity added to their assets under management. With about $30 billion already under management when its spot bitcoin ETF started trading in January, Grayscale's fund had dominated total daily trading volume.

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2024-03-11 21:10:00 Cathie Wood sees Bitcoin at $1 million sooner than 2030 after record ETF performance

ARK Invest CEO Cathie Wood recently declared that Bitcoin (BTC) will surpass the $1 million mark well before the anticipated year of 2030, which was her firm’s previous bull-case timeline. This updated price target comes as a result of new institutional involvement and significant regulatory milestones, especially the US approval of the first spot Bitcoin exchange-traded funds (ETFs).

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2024-03-10 21:25:00 VanEck releases new spot Bitcoin ETF commercial

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2024-03-10 12:26:15 Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Momentum' in Spot Bitcoin ETFs

Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin” as the asset class welcomes baby boomers. He further asserted that the cryptocurrency “is a report card on fiscal prudence and there’s no fiscal prudence here right now.”

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2024-03-09 20:26:20 Tom Lee Reveals What Will Drive Bitcoin’s Price to $150,000

Fundstrat’s Tom Lee predicted Bitcoin prices will swell to $150,000 by year’s end on CNBC this week. Moreover, the Bitcoin bull said it’s because of the cryptocurrency’s appeal to Millennials and Gen Z. Speaking with CNBC’s Brian Sullivan on “Last Call,” Lee said, “It’s a generational issue” for Millennials and Gen Z, who are more open to adopting cryptocurrency.

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2024-03-09 10:31:53 Mark Cuban tells CNBC that Bitcoin is a "great store of value" and that is why he is invested in it

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2024-03-08 19:30:01 Spot bitcoin ETF cumulative trading volume crosses $100 billion

After their January debut, the newly launched U.S. spot Bitcoin ETFs kicked off to a roaring start and have now reached a significant level. Over the past two weeks, accelerated activity has pushed the price of Bitcoin to new heights. On Friday, spot Bitcoin ETFs reaching the important trading milestone of over $100 billion, according to Yahoo Finance data compiled by The Block.

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