Crypto management firm Grayscale has hatched a plan to stop its rapidly accelerating asset bleed – and it involves launching a brand new Bitcoin spot ETF. The Grayscale Bitcoin Mini Trust (BTC) – as filed for with the SEC on Tuesday – will be designed as a “spinoff” of the original Grayscale Bitcoin Trust (GBTC),…
Read more
Since the price of Bitcoin broke its previous all-time high, it has shown immense momentum, surging even higher, surpassing the $72,000 price mark, while leading the charge to what is considered the “biggest bull run in history.” Bitcoin Lengthening Cycles Beyond Previous All-Time High Many crypto analysts predict the world’s largest cryptocurrency will peak within…
Read more
The Thailand securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. However, access to these funds will be restricted to institutional investors and individuals with ultra high net-worth. Essentially, the decision enables a select group of sophisticated Thailand-based investors to indirectly invest in Bitcoin through regulated…
Read more
MicroStrategy CEO Michael Saylor – whose company now owns 205,000 Bitcoin (BTC) – says people should buy and HODL their coins 100 years. “I would encourage people to think of it as digital property – a billion-dollar building in cyberspace,” Michael Saylor told CNBC in an interview on Monday. “Hold it for 100 years.” More…
Read more
With the start of the European trading hour, Bitcoin (BTC) has surged past the significant milestone of $71,000, exceeding its previous all-time high set just last week. This surge can be attributed to a combination of factors that have bolstered investor confidence and triggered a wave of buying activity across the cryptocurrency market. Here’s a…
Read more
Bitcoin Price Prediction As Bitcoin price dips to $68,380, shedding nearly 0.50% on Monday, market watchers eye pivotal movements and strategic investment shifts. Amidst this fluctuating landscape, BlackRock’s iShares Bitcoin ETF emerges as a dominant force, overshadowing MicroStrategy with a staggering 195,985 Bitcoin accumulation. This remarkable growth, fueled by institutional interest and strategic spot ETF…
Read more
Bitcoin Price Prediction As Bitcoin hovers around $69,400, up nearly 1.50% on Sunday, its journey beckons keen market watchers for a Bitcoin price prediction. This recent surge, hinting at potential market shifts, sets the stage for an examination of Bitcoin’s trajectory amidst the broader financial landscape. DeFi’s Total Value Locked Surpasses $100 Billion Amid Bitcoin…
Read more
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold. Analysts led by Nikolaos Panigirtzoglou wrote that Bitcoin ETFs, when assessed as a substitute for gold and adjusted for volatility, have an implied “realistic size” of $62 billion over the…
Read more
Bitcoin Price Prediction Bitcoin‘s recent trading activity presents a fascinating case for price predictions as the digital currency hovers around $68,100, marking an increase of 1.50% on Saturday. The cryptocurrency landscape is abuzz with investor anticipation as Bitcoin inches closer to the significant $70,000 threshold, suggesting a potentially bullish future. This movement echoes the momentum…
Read more
Amidst widespread bullish sentiment surrounding Bitcoin, one analyst on X thinks the leg up won’t be as strong as it was in the past few weeks. Pointing to developments in the Bitcoin log curves, the analyst expects the coin to find resistance as it attempts to break higher. Bitcoin Uptrend To Slow Down The analyst doubts the…
Read more
