Hashdex Asset Management and Tidal Investments spot Bitcoin exchange traded fund (ETF) will begin trading later today in the U.S. under the ticker symbol DEFI. In an announcement, the firms said the Hashdex Bitcoin Futures ETF has been converted to the Hashdex Bitcoin ETF (DEFI). The ETFs new investment strategy will allow the fund to...
Indian shares rose notably on Thursday ahead of a long holiday weekend. Financial companies topped the gainers list after the Reserve Bank of India (RBI) modified the norms for their investment in alternative investment funds (AIF). The benchmark S&P BSE Sensex jumped 655.04 points, or 0.90 percent, to 73,651.35 amid a broad-based rally on the...
The Bitcoin bull cycle is still far from over with many large Bitcoin investors selling, as the market is entering a period of price correction, according to on-chain analytics platform CryptoQuant. Bitcoin, the world’s largest cryptocurrency by market capitalization, may have now entered into a period of price correction after the price reached an all-time-high...
The New Zealand dollar weakened against most major currencies in the European session on Thursday. The NZ dollar fell to more than 4-month lows of 0.5957 against the U.S. dollar and 1.8098 against the euro, from early highs of 0.6004 and 1.8028, respectively. Against the yen, the kiwi slipped to nearly a 2-month low of...
Bitcoin has experienced a pullback of over 10% from its all-time high, with the demand for spot Bitcoin exchange-traded funds (ETFs) showing signs of moderation, while analysts at JPMorgan Chase and Co. have cautioned that this retreat may have more room to run, Bloomberg reported Friday. The group of 10 spot Bitcoin ETFs recently witnessed its largest...
The British pound weakened against most major currencies in the European session on Thursday, in the wake of dovish comments from BoE\'s Bailey about rate cuts. In an interview, the Bank of England Governor Andrew Bailey said market expectations for rate cuts this year are not unreasonable. About the inflation outlook, Bailey said \"We are...
Blockchain analytics company Arkham predicts that crypto investment firm Grayscale’s GBTC product will run-out of all its Bitcoin holdings in 96 days, at the current rate of redemptions. At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS. Since GBTC started trading as an ETF on 11th January, Grayscale...
Bestselling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, urged followers on Monday to purchase Bitcoin (BTC) ahead of the April halving event. In a post to Twitter, the author promised to buy 10 more BTC before the start of April due to his conviction around the event, which will cut the rate at which...
The 50-day Exponential Moving Average (EMA) at $66,749 underlines a solid uptrend, reinforced by Bitcoin’s breakout from a symmetrical triangle pattern that previously capped gains around the $66,500 level. The current technical setup projects a bullish outlook for Bitcoin, indicating further upside potential above $69,750, while a descent below this benchmark could pivot to a...
Nilam Resources has signed a letter of intent with Xyberdata to buy $1.70 billion worth of bitcoin amid the ongoing crypto market rally. According to Nilam Resources, Inc.’s announcement on March 25, the acquisition involves the Mauritius-based special purpose entity MindWave, which holds 24,800 Bitcoin and other digital assets. Nilam Resources Acquires 24,800 Bitcoin The...