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New data reveals that Bitcoin’s (BTC) network processed $19.2 trillion worth of BTC transactions during the last year. In a new thread on the social media platform X, Pierre Rochard, a vice president of mining firm Riot Platforms, says the huge amount of funds processed indicates that the crypto king is both a store of […]
The post Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive appeared first on The Daily Hodl.
US-based spot Bitcoin ETFs now hold over 5.7% of the entire Bitcoin supply, with analysts seeing it as a price catalyst toward $200,000.
US-based spot Bitcoin exchange-traded funds (ETFs) are nearing a significant milestone following record-breaking growth during 2024 as BTC crossed the $100,000 price level.
The US spot Bitcoin (BTC) ETFs are just 2.2%, or $2.2 billion, away from crossing $110 billion in cumulative holdings, which makes up over 5.7% of the entire Bitcoin supply, Dune data shows.
Bitcoin ETFs, cumulative holdings. Source: Dune
Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.
Bitcoin price remains resilient despite the last options expiry of the year, which threatened a significant correction below $85,000.
Over $14.2 billion worth of Bitcoin (BTC) options expired at 8:00 a.m. in UTC on Dec. 27, with a ‘max pain’ point of $85,000, which indicates the price at which most options contract would expire worthless.
The market experienced a total of $18 billion worth of Bitcoin and Ether (ETH) options expiry, according to Deribit Exchange’s Dec. 26 X post, that wrote:
On Dec. 31, Israel’s asset managers will launch six mutual funds tracking Bitcoin’s price movements.
Six Bitcoin-tracking funds are set to launch in Israel next week following the recent approval from the Israel Securities Authority.
According to local media reports, the funds will mirror Bitcoin’s (BTC) price movements through various indexes and strategies and will be available for purchase at banks and investment firms starting Dec. 31.
Some of the new funds will track exchange-traded funds (ETFs) launched in the United States, such as BlackRock’s iShares Bitcoin Trust ETF (IBIT). One of the funds will be actively managed to beat the cryptocurrency’s performance.