Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation

September 25, 2024 Bitcoin.com

Bitcoin

Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of […]

Vaneck Analysts Forecast Bitcoin’s Path to 0,000 Amid Regulatory Shift

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

Blackrock’s Ishares Bitcoin Options Get the SEC Green Light

September 21, 2024 Bitcoin.com

approval

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 […]

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

SEC Reviews Proposal for New Bitcoin, Ether ETF Custodians

September 19, 2024 Bitcoin.com

Anchorage Digital

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 […]

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

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

September 18, 2024 Bitcoin.com

Bitcoin

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 […]

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

Does Bitcoin’s negative funding rate signal that bears are in total control?

September 11, 2024 Coin Telegraph

Budget

Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.

Bitcoin (BTC) price experienced a 2.2% correction on Sept. 11 following the release of US consumer inflation data, but it managed to reclaim the $56,500 level within a few hours. The movement closely tracked the S&P 500 index, which saw a 1.6% decline on Sept. 11 as US Consumer Price Index growth hit its lowest level in over three years.

Bitcoin traders are skeptical that the $58,000 resistance will be breached, given the increased demand for bearish positions using BTC futures contracts.

Bitcoin/USD (blue) vs. S&P 500 futures (magenta). Source: TradingView

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

September 11, 2024 Coin Telegraph

Bitcoin

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.

The United States Federal Bureau of Investigation announced on Sept. 3 that North Korean scammers and hackers were targeting firms associated with cryptocurrency-related exchange-traded funds (ETFs).

Despite the billions of dollars flowing into these crypto ETFs, investors may be too quick to assume their assets are fully secure.

North Korean hacker groups such as Lazarus Group are no strangers to the cryptocurrency industry and are suspected of committing a number of hacks against prominent exchanges and blockchain protocols.

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments

September 10, 2024 Bitcoin.com

Bitcoin

The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […]

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

VanEck to shutter Ethereum futures ETF

September 6, 2024 Coin Telegraph

Coin Telegraph

Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.

Asset manager VanEck is shuttering its futures-based Ether (ETH) exchange-traded fund, citing insufficient demand as spot cryptocurrency ETFs dominate inflows, according to a Sept. 6 announcement.

VanEck chose to close the fund due to factors “including performance, liquidity, assets under management, and investor interest,” it said.

Shares of VanEck Ethereum Strategy ETF (EFUT) will stop trading on Sept. 16 and fund assets will be liquidated and returned to investors on or around Sept. 23, according to the announcement.

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

Why is Ethereum (ETH) price underperforming compared to the wider crypto market

September 4, 2024 Coin Telegraph

Coin Telegraph

Ether price continues to plunge as troubled investors worry about the lack of spot Ether inflows, declining Ethereum network fees and a potential tech stock bubble bursting.

Ether (ETH) price is down 5.2% between Sept. 3 and Sept. 4 after a strong rejection at the $2,550 resistance, marking eight days since ETH last closed above that level.

Traders are now concerned that Ether may underperform even if the broader crypto bull market resumes, as incentives for fixed income in the US are expected to decrease. So, exactly what is putting pressure on Ether's price?

Some market participants may attribute the lackluster performance of cryptocurrencies to traditional financial market conditions, but Ether is also facing its own set of challenges, including lower network fees, appealing staking rewards, and weak demand for its recently launched spot exchange-traded fund (ETF) products. Therefore, it’s worth exploring whether these factors will continue to drive Ether’s price down in the future.

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

Bitcoin price loses traction as miner profits drop and spot BTC outflows persist

September 3, 2024 Coin Telegraph

Coin Telegraph

Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows.

Bitcoin (BTC) price dropped 10% over the 10 days ending on Sept. 3, falling from $64,190 to $57,800. This decline occurred despite the S&P 500 index being just 2% below its all-time high and gold trading only $50 away from its historical peak. While some cryptocurrency investors attribute Bitcoin’s dip to the broader macroeconomic environment, other factors are also pushing its price below $59,000.

Source: DamiDefi

Trader DamiDefi explains that Bitcoin has been influenced by recession concerns in the United States, but that trend is stabilizing as the focus shifts to “monetary policy and the US dollar’s performance.” The “bullish narrative” for Bitcoin going forward will hinge on the expectation of a “looser Federal Reserve policy, [...] such as lowering interest rates.” Essentially, traders anticipate that the US will be compelled to implement expansionary measures to stimulate the economy.

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