Market Update
Bitcoin flashed a major discount signal after capital outflows increased following BTC’s abrupt drop below $75,000. Historical data now points to a potential 10% rebound rally in the short-term.
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Latest Bitcoin ETF News
Exchange-traded funds, or ETFs, are investment funds that trade on a stock market with their value derived from an underlying basket of assets such as stocks, bonds, commodities and other financial instruments. They provide investors with easier exposure to a particular index of assets.
A Bitcoin ETF is similar, but the underlying asset is the Bitcoin (BTC) cryptocurrency rather than other traditional financial instruments. Bitcoin ETFs could provide institutional investors an easier way to buy into Bitcoin and crypto markets, thus making it more attractive to the broader investment community.
BTCetc, or Bitcoin Exchange Traded Crypto (BTCE), launched on Deutsche Börse Xetra in June 2020 as the first Bitcoin ETF available in the European market. ProShares Bitcoin Strategy ETF (BITO) was the first Bitcoin-linked ETF approved by the United States Securities and Exchange Commission (SEC). It launched in October 2021. Canada approved the world’s first spot Bitcoin ETF, Purpose Bitcoin ETF (BTCC), in February 2021.
As of October 2023, U.S. regulators had not approved a spot Bitcoin ETF, with the SEC expressing concerns about market manipulation, fraud, custody and investor protection in their hesitancy to approve such applications.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Data suggests Bitcoin is unlikely to fall further than its year-to-date low of $74,680. Cointelegraph explains why.
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Crypto ETPs posted two consecutive weeks of outflows, totaling $3.43 billion and driving $1 billion in year-to-date losses, according to CoinShares.
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Following its weekend rout, Bitcoin dropped to $74,600 on Monday, marking a nine-month low for the cryptocurrency.
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Based on dollar-weighted flows, aggregate returns for investors in BlackRock’s iShares Bitcoin Trust have turned negative following Bitcoin’s recent sell-off.
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ETF analyst Eric Balchunas said many people seem to be forgetting that Bitcoin “spanked everything so bad” in 2023 and 2024, while other asset classes “still haven’t caught up.”
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Bitcoin options flashed extreme fear signals as the spot BTC ETF outflows rose, and the odds for a drop below $80,000 increased. Will dip buyers step in to save the day?
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US spot Bitcoin ETF flows turned negative for January after a series of outflows this week totaling nearly $1 billion, data from SoSoValue shows.
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Heavy outflows from Bitcoin ETFs have diminished, putting BTC price in a better position to overcome the next hurdle at $93,000.
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Bitcoin ETF investors contend with price dropping to their aggregate entry level, but a crypto executive claims new institutions are lining up.
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Traders spotted multiple signals that suggest Bitcoin could be gearing up for another bull run, but onchain data still highlights weakness in the market.
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Bitcoin dipped below $87,000 as the Coinbase Premium hit 12-month lows, signalling weak US demand and with technicals hinting at a $66,000 BTC price target.
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Crypto ETPs reversed course last week, with outflows led by Bitcoin and Ether as bearish sentiment outweighed inflows into altcoins such as Solana.
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Japan’s financial regulator is weighing rule changes that could allow crypto assets to qualify for ETFs, signaling a possible shift in retail access.
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