BlackRock’s Bitcoin ETF “IBIT†reaches $2 billion in assets under management
No. 1 excluding GBTC BlackRock’s IBIT became the first of nine newly launched Bitcoin spot ETFs to reach $2 billion in assets under management (AUM) on Friday. connection: Arthur Hayes: “Bitcoin support line is $30,000 to $35,000†connection: Industry’s first,…
Competition for Bitcoin ETF funding intensifies, is Grayscale a takeover target? | CoinDesk JAPAN
Competition for Bitcoin ETF funding is becoming fierce between BlackRock, Fidelity, and other financial institutions. Experts pointed out that new entrants could consider acquiring “previously existing competitors†if they wanted to achieve significant growth. Yes, it’s grayscale. On January 10,…
JP Morgan points out that “GBTC selling†has ended, is the downside price of Bitcoin limited?
Macroeconomics and financial markets On the US New York stock market on the 24th, the Dow Jones Industrial Average closed 242.7 points (0.64%) higher than the previous day, and the Nasdaq index closed 28.5 points (0.18%) higher than the previous…
A number of Chinese investors are shifting their focus to virtual currencies following the severe slump in Chinese stocks = report
Gray zone trading Facing a severe downturn in the Chinese stock market, Chinese investors are increasingly turning to crypto assets (virtual currencies) as a safe haven for their assets. According to a Reuters report on the 25th, an increasing number…
GBTC profit taking ends, Bitcoin selling pressure eases: JP Morgan | CoinDesk JAPAN
Most of the selling pressure on Bitcoin (BTC) from investors profiting from the Grayscale Bitcoin Trust (GBTC) appears to have ended, JPMorgan said on January 25. This was stated in the investigation report of the day. The bank pointed out…
Crypto Analyst Predicts Drastic Drop For Bitcoin: ‘$10K-$15K BTC Is Still In The Cards’
Cryptocurrency analyst, Justin Bennett is bearish on Bitcoin (CRYPTO: BTC) and is warning that the apex cryptocurrency could reach levels $10,000 to $15,000. What Happened: Bennett in a post on Jan. 23 said, “$10-$15k $BTC is still in the cards,…
Bitcoin Pressure Eases As Profit-Taking Party Winds Down, JPMorgan Examines GBTC
The Grayscale Bitcoin Trust (OTC: GBTC) has likely experienced the majority of its profit-taking, suggesting a potential reduction in downward pressure on Bitcoin (CRYPTO: BTC) prices. What Happened: JPMorgan (NYSE: JPM) analysts, led by market strategy managing director Nikolaos Panigirtzoglou,…
GBTC profit-taking almost concluded, JPMorgan says
JPMorgan analysts said in a note on Thursday that Bitcoin’s downside pressure could be easing amid a downtrend in GBTC outflows. Grayscale’s GBTC has seen over $4.3 billion in outflows amid profit-taking. Bitcoin price hovered around $39,800 as bulls struggled…
Florida and Alaska restrict Binance US
Binance US faces bans in Florida and Alaska after CEO’s guilty plea triggers regulatory crackdown. Florida suspends Binance US’s license, Alaska denies renewal, citing concerns over Zhao’s plea. Despite setbacks, Binance US remains operational in select states. Binance US, the…
Here Are The Best States For Crypto Taxes, And The Worst: Where Does Yours Rank?
Florida and Wyoming are ranked as the best states for crypto taxes. What Happened:The Coin Ledger report ranks Florida, Wyoming and New Hampshire as the best states for crypto taxes and businesses thanks to exemptions from money transmission licenses. Florida…