Bitcoin News

2024-05-16 21:37:03 Morgan Stanley discloses US spot bitcoin ETF holdings worth over $270 million in filing

Multinational investment bank and financial services company Morgan Stanley disclosed U.S. spot bitcoin exchange-traded fund holdings worth over $270 million as of March 31 in a quarterly 13F filing with the Securities and Exchange Commission on Wednesday. Morgan Stanley disclosed holding $269.9 million worth of Grayscale’s converted spot bitcoin ETF — making it the third-largest holder of GBTC shares behind Susquehanna’s $1.1 billion and Horizon Kinetics’s $946 million, according to Fintel data.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-16 08:45:58 Millennium Management holds nearly $2 billion in spot bitcoin ETF shares

Hedge Fund Millennium Management has poured nearly $2 billion in bitcoin ETFs as of the first financial quarter. Millennium Management on March 31 held $1.94 billion in shares of spot bitcoin ETFs, spread out across five funds: ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), Grayscale Bitcoin Trust (GBTC), iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin ETF (FBTC). However, the fair market value of those shares made up just 3% of the hedge fund's $64 billion in assets under management.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-15 21:19:56 Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTC

Spot bitcoin exchange-traded funds in the United States returned to a daily net inflow of over $100 million yesterday as inflows into the ARK 21 Shares Bitcoin ETF (ARKB) overpowered the usual outflows from the Grayscale Bitcoin Trust. According to data from SoSo Value, approximately $133 million flowed into ARKB, bringing its cumulative net inflow to $2 billion. Conversely, GBTC witnessed another $51 million flow out of the product, bringing its cumulative net outflows to $18 billion.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-15 17:07:57 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana!

Why $JACK?

Thriving Community: Over 1400 active members fueling our explosive rise! @JacksPortal
Colossal Potential: Get in on the ground floor of what experts predict could be a 1000x gem!
Vital Stats: Market Cap: $500,000 | Holders: ~500 | Contract: 68eD7fdMVEqKDev9jChsBxtvg45XF2FKsnVRfDTpxCkK

How to Get $JACK:
1. Download Phantom Wallet .
2. Purchase $SOL, transfer to your wallet.
3. Swap for $JACK on Jupiter or Raydium.

Join us now at https://jackthegoat.com and be part of this monumental journey with $JACK!

#Ad Open / Comment

2024-05-14 20:00:00 Bitcoin’s Fundamentals Remain Strong Amid Market Volatility: Bitfinex

Key factors like the steadfastness of long-term holders and the plunge in mining difficulty underscore Bitcoin’s foundational strength. While the crypto market is far from its March peak, analysts say the fundamentals of the Bitcoin network remain strong. According to the latest Bitfinex Alpha report, Bitcoin’s foundational strength is underscored by key factors like the steadfastness of long-term holders and the plunge in mining difficulty. These factors indicate that the network is positioned for future value appreciation.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-14 08:34:57 Bitcoin miners poised to offload BTC as mining revenue plunges: Kaiko data

A bitcoin selloff likely looms large as the token’s miners face pressure to offload their holdings amid a steep revenue drop-off, crypto research and analytics firm Kaiko’s data shows. Bitcoin miners largely rely on two revenue streams: mining rewards and transaction fees. April’s halving event, the long-ago coded reduction in mining rewards to 3.125 BTC from 6.25 BTC, posed a unique headwind for miners trying to cover their overhead.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-13 21:03:05 Bitcoin mining firm Bitfarms fires CEO amid $27 million damages lawsuit

Toronto-based Bitcoin mining firm Bitfarms fired CEO Geoffrey Morphy on Monday, effective immediately, after he filed a lawsuit against the company claiming $27 million in damages for breach of contract. Previously President and COO, Morphy was promoted to CEO in December 2022. However, in March this year, Bitfarms announced Morphy would be departing the company upon completing its executive search, though he would continue to lead the mining firm in the interim to ensure a “smooth transition.”

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-12 19:54:59 Bitcoin ETFs Holding Now Accounts For 4.5% Of The Total Bitcoin Supply

According to data from HODL15Capital, as of May 10, Bitcoin exchange-traded funds (ETFs) worldwide collectively held 949,756 Bitcoins. The Bitcoin ETFs holding is constituting 4.5% of the total Bitcoin supply. U.S.-based spot Bitcoin ETFs acquired 1,318 Bitcoins throughout the week, with GBTC experiencing outflows. Glassnode highlighted that Bitcoin reached a pivotal phase three months ahead of Ethereum, with the news surrounding ETFs significantly impacting this acceleration.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-11 19:22:20 Grayscale Bitcoin ETF Continues To See Negative Outflows Of Over $100 Million

According to data from SoSoValue, on May 10, total net outflows from spot Bitcoin ETFs amounted to $84.6581 million. This marks the second consecutive day of outflows for Bitcoin ETFs, with Grayscale Bitcoin ETF reporting an additional $103 million in outflows on Friday. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an inflow of $12.4363 million, and Fidelity’s FBTC saw $5.3039 million flowing in.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-05-11 07:30:50 Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say

Crypto markets are stuck in a lull with digital assets consolidating for the last few weeks, testing investors conviction whether the bull market will resume. All attempts for a sustained rally over the past weeks have been sold off, the latest instance coming Friday with bitcoin (BTC) tumbling nearly 5% from $63,000 to just above $60,000 amid discouraging inflation expectations and hawkish commentary from Federal Reserve policymakers.

Source

https://t.me/Bitcoin_NewsTg Open / Comment