Headline: Mixed Signals In Bitcoin ETF Market

Headline: Mixed Signals In Bitcoin ETF Market


As Q2 2024 unfurls, Bitcoin continues to dominate headlines, boasting a staggering 69% price increase in the first quarter alone. This surge, primarily fueled by the debut of spot Bitcoin Exchange-Traded Funds (ETFs) and the anticipation for Bitcoin halving, underlines a transformative phase for the crypto market.

Following 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.

The SEC's approval of Bitcoin ETFs has transformed the market, with inflows supporting prices and altering post-halving dynamics. The post Bitcoin on-chain metrics are “decidedly positive” after the halving, highlights Bitfinex report appeared first on Crypto Briefing.

Hunter Horsley, CEO of Bitwise, predicts a surge in holdings of Bitcoin exchange-traded funds (ETFs) by wealth management firms post-halving.

Though demand for US spot bitcoin ETFs has slowed down, the category snapped a five-day outflow streak on the day of the bitcoin halving.

Crypto News & Headlines

ZKasino Founder Arrested In Netherlands Amid Rug Pull Allegations And $12.2M Seized


Dutch authorities arrest a man connected to the ZKasino scam and seize over 11 million euros in assets, with the help of Binance protecting victim fun

Trending on 3rd May 2024 04:47 PM

Dogecoin Wallet Shutdown Sparks Community Outrage


Dogechain, a key noncustodial wallet for Dogecoin (DOGE), is closing down, affecting many holders. The shutdown, announced for June 1, 2024, has stirr

Trending on 3rd May 2024 04:38 PM

Edward Snowden Urges Immediate Privacy Updates For Bitcoin


Edward Snowden has issued a warning to the Bitcoin community, stressing the urgency of addressing privacy concerns at the protocol level due to the re

Trending on 3rd May 2024 04:05 PM

Kraken's Indices Dominance In ETF Market And $1B AUM Projection


Kraken's subsidiary, CF Benchmarks, stands out in the fast-growing crypto ETF market, with significant gains expected from the expanding demand, parti

Trending on 3rd May 2024 03:16 PM

Tether Reports Record $4.52 Billion Q1 Profit


Tether, a major player in the crypto market, soared with earnings of $4.52 billion in Q1 2024, leveraging investments in Bitcoin and gold. The company

Trending on 3rd May 2024 02:29 PM