Blackrock’s Ishares Bitcoin Options Get the SEC Green Light

The U.S. Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock. This decision introduces a new financial instrument aimed at providing investors with the ability to hedge and manage risk associated with bitcoin exposure. These options will be physically … Read more

SEC Reviews Proposal for New Bitcoin, Ether ETF Custodians

The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for … Read more

Bitcoin Emerges as a ‘Unique Diversifier,’ Says Blackrock’s Latest Report

In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the … Read more

Bitcoin Exchange Deposits Hit Lowest Level Since 2016 Amid Shifting Market Dynamics

Bitcoin exchange depositing addresses have dropped to their lowest point since 2016, suggesting a significant decrease in the number of investors selling their coins on spot exchanges. This trend hints at a potential reduction in selling pressure, a bullish sign for long-term holders as fewer coins are being offloaded into the market. #Bitcoin Base Cost … Read more

Bitcoin Faces Mixed Signals As Trading Groups Turn Bullish But Shorts Rise

Bitcoin’s recent recovery has reignited bullish sentiment among crypto trading groups, but simultaneously, short positions are increasing on major exchanges like Binance and Bitmex. This growing divergence is creating a complex landscape for traders, as Bitcoin continues to hover below a crucial technical level. 📺 Bitcoin’s recovery has sent crypto trading groups back into a … Read more

Bitcoin And Ethereum Mining Wallets See Declining Supply, While ETH Flows To Exchanges Surge

Since the first half of 2024, Bitcoin and Ethereum mining wallets have experienced a steady decline in their held supply, signaling a period of caution among miners. However, the latest mild rebound in the market may suggest a reversal of this trend. A significant increase in the combined supplies held by mining wallets could be … Read more