Spot Bitcoin (BTC) exchange-traded funds (ETFs) could witness an influx of $220 billion over the next three years. According to a research report by broker JMP Securities, this surge in capital could potentially drive BTC’s price up fourfold to $280,000, considering the multiplier effect on new investments. JMP analysts highlighted that if their estimates regarding…
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Image Source: Pexels Digital asset investment funds saw a record $326 million in net outflows last week, marking the largest single week of inflows since July 2022. According to a recent report by CoinShares, the surge in investor interest can be attributed to growing optimism surrounding the potential approval of a spot-based Bitcoin exchange-traded fund…
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Bitcoin-tied investment funds saw $116 million in inflows last week as the flagship cryptocurrency has managed to hold gains and stay firm so far this year. According to a Monday report by digital investment company CoinShares, digital asset investment products saw $117 million in inflows last week, with Bitcoin accounting for $116 million of that…
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Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top of this, another story explains…
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