Another XRP ETF Filing Lands at the SEC as Interest in Crypto ETFs Heats Up

November 1, 2024 Bitcoin.com

bitcoin.com

With a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles. Another XRP ETF Filing Drops, Turning Up Pressure on the SEC 21shares, an asset management firm specializing in digital assets, filed a registration statement for the “21shares Core XRP Trust” with […]

Bitfarms: Rebound Overdue or Losing the Game?

BlackRock’s iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report

October 31, 2024 The Daily Hodl

Bitcoin

Asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded-fund (ETF) is reportedly setting new daily inflow records. According to a report from Yahoo Finance, investors poured $875 million worth of daily inflows into BlackRock’s $31 billion Bitcoin (BTC) ETF earlier this week as we approach November’s highly anticipated presidential election. In a recent interview with […]

The post BlackRock’s iShares Bitcoin Trust (IBIT) ETF Sets New Records Inflows at $875,000,000: Report appeared first on The Daily Hodl.

Bitfarms: Rebound Overdue or Losing the Game?

Saylor’s Bitcoin custody debacle highlights growing divide in crypto community

October 31, 2024 Coin Telegraph

Bitcoin

As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.

Michael Saylor’s comments on Oct. 21 about Bitcoin custody caused a furor among the crypto community, sparking debates over self-custody and the future of crypto adoption.

Saylor, himself the executive chairman of software company-cum-Bitcoin (BTC) investment vehicle MicroStrategy, faced intense criticism after suggesting that Bitcoin holders should trust their assets to “too big to fail” banks while dismissing self-custody proponents as “paranoid crypto-anarchists.”

As expected, the backlash was swift and severe, with Ethereum co-founder Vitalik Buterin calling the comments “batshit insane,” while several other prominent members of the crypto community — including Zap founder and CEO Jack Mallers and prominent software engineer Jameson Lopp — sharing a similar sentiment.

Bitfarms: Rebound Overdue or Losing the Game?

What happens to Bitcoin price if Microsoft shareholders vote to buy BTC?

October 25, 2024 Coin Telegraph

Coin Telegraph

Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.

On Oct. 24, a filing by Microsoft Corp. (MSFT) with the United States Securities and Exchange Commission (SEC) revealed an unexpected item on the agenda for its upcoming annual shareholder meeting on Dec. 10.

Alongside routine votes—such as the election of directors, the ratification of its independent auditor, and reports on AI misinformation—one proposal stood out: an "Assessment of Investment in Bitcoin." Interestingly, Microsoft's board recommended shareholders vote against it.

As of its second-quarter 2024 financial report, Microsoft held $76 billion in cash and equivalents. If shareholders pushed the company to allocate even 10% of that to Bitcoin, it would represent a massive $7.6 billion investment.

Bitfarms: Rebound Overdue or Losing the Game?

‘We’re Heading to 6-Figure Bitcoin’ — What’s Driving This Bold Prediction

October 20, 2024 Bitcoin.com

Bitcoin

Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity […]

Bitfarms: Rebound Overdue or Losing the Game?

US lagging behind in global stablecoin adoption — Chainalysis

October 17, 2024 Coin Telegraph

Bitcoin

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to an Oct. 17 report from Chainalysis.

US markets have recorded a significant shift in stablecoin activity this year, with the share of stablecoin transactions on US-regulated exchanges dropping from roughly 50% in 2023 to below 40% in 2024.

In contrast, the share of stablecoin transactions on non-US regulated platforms has surged since 2023, breaking 60% in 2024, according to Chainalysis’ latest report on crypto adoption trends in North America.

Bitfarms: Rebound Overdue or Losing the Game?

First major step taken toward XRP ETFs: CME director

October 16, 2024 Coin Telegraph

CME

After the launch of spot Bitcoin and Ether ETFs, investors await the potential debuts of XRP and Solana ETFs, which could significantly impact crypto markets.

Following the debut of the first cryptocurrency-based exchange-traded funds (ETFs) in the United States, investors are now anticipating the next digital asset trading product.

When asked about the possibility of an XRP (XRP) ETF, Tim McCourt, senior managing director at CME Group, said the first major step had been taken.

During a panel discussion at Ripple Swell 2024, McCourt said:

Bitfarms: Rebound Overdue or Losing the Game?

Bitcoin open interest soars to 1-year high as BTC price rallies toward $68K

October 15, 2024 Coin Telegraph

Bitcoin open interest soars to 1-year high as BTC price rallies toward K

Coin Telegraph

Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings.

Bitcoin (BTC) price gained 8% between Oct. 14 and 15, up 11.5% over the past 30 days. Bitcoin currently is significantly outperforming the S&P 500, which gained 3.8% during the same period.

However, some traders are concerned that the sharp increase in demand for Bitcoin leverage could pose a potential risk.

The aggregate Bitcoin futures open interest — which measures the total number of BTC futures contracts — signals a rising appetite for leverage, causing some unease among investors. High open interest can increase the risk of cascading liquidations due to unexpected upward or downward price movements, leading traders to anticipate heightened volatility.

Bitfarms: Rebound Overdue or Losing the Game?

Monochrome Asset Management Launches Ethereum ETF in Australia

October 15, 2024 Bitcoin.com

Australia

Monochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first exchange-traded fund (ETF) that provides direct access to ethereum. Trading under the ticker ‘IETH’ on Cboe Australia, the ETF will be available on most Australian brokerage platforms, allowing local investors to gain exposure to ethereum through a direct-holding structure. […]

Bitfarms: Rebound Overdue or Losing the Game?

Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential

October 15, 2024 Bitcoin.com

Bitcoin

Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin […]

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