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JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets

JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity MarketsJPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold. Insights on Market Trends by JPMorgan JPMorgan, a global investment bank, has provided insights on […]

Genesis settles for $2 billion in New York AG crypto case

Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow

Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day OutflowOn May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, […]

Genesis settles for $2 billion in New York AG crypto case

Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality

Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation RealityEconomist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […]

Genesis settles for $2 billion in New York AG crypto case

US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million

US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling 5 MillionOn Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. […]

Genesis settles for $2 billion in New York AG crypto case

Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest Purchase

Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest PurchaseMicrostrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter, our 14th consecutive quarter of adding more bitcoin to our balance sheet,” said the company’s chief financial officer. […]

Genesis settles for $2 billion in New York AG crypto case

Australia’s top exchange may approve spot Bitcoin ETFs this year: Report

Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew.

Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — could greenlight several spot Bitcoin (BTC) exchange-traded funds (ETFs) by the end of 2024.

Following in the footsteps of fund issuers in the United States and Hong Kong, spot Bitcoin ETF applications from VanEck Australia and local ETF-focused fund manager BetaShares are set to be approved before the year is through, anonymous sources familiar with the matter told Bloomberg.

The uptick in spot Bitcoin ETF applications comes following the Bitcoin ETF approvals in the United States, which have seen some $53 billion in assets under management (AUM) accrued across eleven separate products.

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Genesis settles for $2 billion in New York AG crypto case

Morgan Stanley to Broaden Availability of Spot Bitcoin ETFs: Report

Morgan Stanley to Broaden Availability of Spot Bitcoin ETFs: ReportMorgan Stanley, a leading global investment bank, is reportedly considering expanding access to bitcoin spot exchange-traded funds (ETFs). The firm may soon authorize its approximately 15,000 brokers to actively solicit customer purchases. Morgan Stanley to Widen Access to Spot Bitcoin ETFs Global investment bank Morgan Stanley is contemplating broadening access to spot bitcoin exchange-traded funds […]

Genesis settles for $2 billion in New York AG crypto case

Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC

Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTCThe world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks. IBIT: […]

Genesis settles for $2 billion in New York AG crypto case

Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTCFollowing a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]

Genesis settles for $2 billion in New York AG crypto case

Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan Disagrees

Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan DisagreesJPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […]

Genesis settles for $2 billion in New York AG crypto case