Bitcoin ETFs Post $1.42B Weekly Outflows To Close May Bloodbath

US Bitcoin Spot ETFs reported net outflows of $1.42 billion in the final week of May, extending the persistent negative trend observed throughout most of the month. The bearish performance by these investment funds aligns with Bitcoin’s price struggles, when the premier cryptocurrency failed to breach the key resistance of $82,000 around May before slipping […]

The SEC Just Elevated XRP To A Status Previously Reserved For Bitcoin And Ethereum

The U.S. SEC recently highlighted an NYSE proposal that places XRP alongside Bitcoin and Ethereum as eligible assets under the generic listing standards. This is a positive for the altcoin, which was once considered a security by the SEC under Gary Gensler.  XRP Named as Eligible Asset Alongside Bitcoin and Ethereum In SEC Filing The […]

Bitcoin Microstructure Shows Strategic Accumulation Amid Macro Risk Off Environment – Details

The uncertainty around the Bitcoin market remains at prime levels, driven mainly by geopolitical risks such as the US-Israel-Iran conflict and the associated energy shock. Meanwhile, retail investors continue to exit their holdings in line with historical capital flight behavior as seen in a typical market cycle. Interestingly, on-chain data shows a readiness for aggressive […]

Spot Bitcoin ETFs Could Restore ‘Stronger’ Market Structure, Analyst Explains

The Bitcoin bear market caught some parts of the crypto crowd by surprise, as several investors expected prices to recover at different stages of the correction. However, some sections of the market saw this corrective phase, using on-chain data as the basis of their prognosis. One such group is the on-chain data analysts who called […]

Major Institutional Shift? Bitcoin And Ethereum Are Steadily Leaving BlackRock’s Crypto Portfolio

Bitcoin and Ethereum, the two largest cryptocurrency assets, continue to face persistent downside pressure, with BTC stuck below the $70,000 level and ETH below the $2,000 mark. With BTC and ETH recording steady losses, BlackRock has started to reduce its exposure to both assets, selling a huge chunk of its holdings over the past few […]

BlackRock’s IBIT Draws In $231M As Bitcoin ETFs Close Week Positively — Details

After a chaotic week for the cryptocurrency market, the US-based Bitcoin ETFs (exchange-traded funds) saw significant capital inflows on Friday, February 6. As the flagship cryptocurrency and the rest of the market suffered huge declines, the BTC-linked exchange-traded products also posted substantial withdrawals during the week. With the bear market confirmed by the latest steep […]

BlackRock Drops Another Bitcoin ETF, But No Sign Of An XRP ETF, What’s Going On?

BlackRock, the world’s largest asset manager, has filed for another Bitcoin ETF. This comes as the crypto ETF issuer continues to confine itself to the BTC and ETH ecosystems and has opted not to file for crypto funds such as the XRP ETF.  BlackRock Files For New Bitcoin ETF BlackRock filed an S-1 form for […]