Bitcoin Market Cap to Reach 20% of Gold’s: Galaxy Research

Galaxy Research predicts a bullish year for Bitcoin in 2025, projecting prices to surpass $150,000 and potentially reach $185,000 in Q4. Bitcoin Market Cap to Reach 20% of Gold’s Galaxy Research, an arm of the digital asset management firm Galaxy, projects bitcoin (BTC) to surpass $150,000 in the first half of 2025 and may even … Read more

Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings

Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the … Read more

US Spot Bitcoin ETFs Draw $11.8M Thursday, Bitwise’s BITB Led the Pack With $8M

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the list, bringing in $8 million during the trading sessions. Demand for Bitcoin ETFs Continues Since Jan. 11, 2024, the 11 spot bitcoin ETFs have accumulated $14.45 billion in total net inflows, including … Read more

State Street Partners With Galaxy Asset Management to Create New Crypto ETFs

State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure … Read more