Despite Bitcoin price volatility, factors point to BTC’s long-term success
Bitcoin’s volatility persists after the halving, but surging ETF inflows and thriving L2 ecosystem growth fuel long-term optimism. Go to Source
Bitcoin ETF
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Susquehanna International Group adds $1B in Bitcoin ETFs to portfolio
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024. Go to Source
Bitcoin distribution ‘danger zone’ over, analysts say
Bitcoin’s post-halving “danger zone” is over as Bitcoin establishes a firm footing above the $60,000 re-accumulation range, new analysis suggests. Go to Source
Summer will offer ‘perfect opportunity’ for investing in crypto — Arthur Hayes
The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market. Go to Source
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, … Read more
US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. … Read more
Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?
While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000. Go to Source
The reasons Bitcoin price is down 11% since the halving
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving. Go to Source
Bitcoin sells the news on Hong Kong ETF debut — Will BTC hold $60K?
Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event. Go to Source
BlackRock’s Bitcoin ETF daily inflow on halt for 4 days
While some crypto observers are concerned about IBIT’s inflow halt, others say it’s more normal than the 71-day inflow streak it has recorded. Go to Source
