Crypto asset management firm Coinshares has rebranded its Nordic ETP brand XBT Provider to “CoinShares XBT Provider” and is preparing to expand in the second half of 2024. Back in May 2015, Sweden’s XBT Provider AB announced the authorization of Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange. In October of...
Bitcoin miners have entered an extended sell-off period that hasn’t been witnessed since 2017, on-chain data suggests. According to CryptoSlate lead analyst James Van Stratten’s June 17 analysis, the Bitcoin market is now 33 days into a miner capitulation, the sort that historically lasts for 41 days on average. Bitcoin Miner Sell-Off In Effect Miner...
A handful of Bitcoin miners are diversifying operations to support artificial intelligence (AI) data centers amid struggles to stay profitable. Data from Bitinfocharts show that the average BTC transaction fee on April 19, the day of the Bitcoin halving, surged to $127. Yet this has since plummeted to around $4 at the time of writing....
The leading cryptocurrency Bitcoin dipped as low as $64,600 during early Asian hours on Tuesday, which saw the liquidation of leveraged positions at $480 million. As per the Coinglass data, in the past 24 hours, 190,144 traders were liquidated with the total liquidations coming in at $480.93 million, out of which $420 million were long...
U.S. listed spot Bitcoin exchange-traded funds (ETFs) have experienced significant outflows, with a total net outflow of $726 million since the Federal Open Market Committee (FOMC) meeting. Spot Bitcoin ETFs have seen $146 million on June 17 alone, according to Sosovalue data. On June 17, the total net outflow of Bitcoin spot ETFs was $146...
BTC has dipped by 0.5% in the past 24 hours, with the Bitcoin price touching $65,617 on a day when the crypto market as a whole has fallen by 2%. The original cryptocurrency has now lost 2.5% in the last seven days, as well as 5% in the past fortnight, following a recent loss of...
Brazilian asset management firm Hashedex has submitted a Securities and Exchange Commission (SEC) filing for a dual Ethereum and Bitcoin exchange-traded fund (ETF). The ETF, if approved, would be listed on the Nasdaq making it accessible to a broad range of investors, from institutional players to retail participants. According to the filing, the product would...
Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, is struggling to maintain its value, staying below the $65,500 mark and hitting an intraday low of $64,100. The global crypto market cap was $2.37 trillion, reflecting a 24-hour decline of 2.50%. This bearish trend is largely attributed to the US Federal Reserve’s hawkish stance, which...
UK London’s iconic Tooting Market, established in 1930, is now accepting Bitcoin payments, led by a Bitcoin enthusiast Hashley Giles. Following a Bitcoin meetup on June 18, eight merchants at the UK’s first food markets, started accepting crypto payments. This includes restaurants, bars and a vinyl record store. Transactions take place with the support from...
Investment management firm VanEck saw its first spot bitcoin exchange-traded fund (ETF) listed on the Australian Securities Exchange (ASX) attract $1.3 million on the first day of trading. Trading under the ticker “VBTC” the ETF launched with Aus $982.85K ($655.56) in assets and charges a fee of 0.59%. This is the first Bitcoin ETF to...