US Bitcoin ETFs now control over 900,000 BTC, valued at nearly $60B. Since Jan 2024, they’ve attracted $17B in net inflows. @BlackRock’s IBIT leads with $21.97B AUM, overtaking @Grayscale’s $18.29B. @Fidelity’s ETF holds $12.14B. #Bitcoin #Update
Crypto market may rally this week due to key events: the Bitcoin Conference, potential U.S. SEC approval of the Spot $ETH ETF, and expected U.S. Q2 GDP growth to 1.9%. Watch for PCE Inflation data. Trump may announce Bitcoin as reserve asset, boosting $BTC and broader crypto. #CryptoNews
$BTC surpasses $67,000, with potential for a new ATH at Bitcoin Conference 2024 in Nashville (July 25-27). Key events: Trump may announce BTC as strategic reserve, Mt. Gox repayments end, and possible Fed rate cut. Institutional interest evident with $17B in U.S. Spot Bitcoin ETFs. #Crypto
Spot Bitcoin ETFs in the US have hit a milestone with over $17B in YTD net flows as of July 19. $IBIT leads with $1.2B in trading volumes, followed by $FBTC with $410M. Institutional investors drive this growth, with 79% increasing their holdings. #CryptoInvesting
Between July 15-19, 2024, spot Bitcoin ETFs saw a net inflow of $17.08B, led by FBTC. On July 19 alone, inflows hit $383.6M. Bitcoin’s price rose 14.4% to $66,541. #Update #BitcoinETF
On July 19, 2024, American spot Bitcoin ETFs saw a $383.6M net capital inflow, led by $141.02M from the Fidelity Wise Origin Bitcoin Fund. In contrast, Hong Kong faced a 44.97 BTC outflow. Five new Bitcoin ETFs launch on Cboe July 23. #Update #Bitcoin #ETF
Note: Ensure to verify the Fidelity Wise Origin Bitcoin Fund’s Twitter handle if available.
Vitalik Buterin argues #Ethereum is more decentralized than #Bitcoin at ETHCC in Brussels. He highlights Ethereum’s diverse validators and energy-efficient Proof-of-Stake model post-Merge, contrasting Bitcoin’s mining pool dominance. Ethereum’s 1M validators underscore its robust decentralization. #CryptoNews
.@BitwiseInvest CEO Hunter Horsley reveals a major U.S. bank has invested heavily in Bitwise’s Bitcoin ETFs. This marks a key milestone in crypto adoption, with 20% of the bank’s wealth management branches buying in. Bitwise’s Bitcoin ETF holds 40,499.93 BTC valued at $2.71B. #CryptoNews
Fidelity’s $FBTC has overtaken BlackRock’s $IBIT in Bitcoin ETF inflows, with $141M on July 19 compared to $116M. $FBTC’s AUM is nearing $10B, standing at $9.962B. Bitcoin ETFs see strong performance, pushing Bitcoin prices past $67K. #Update
Global IT outage disrupts banks, media, and travel, affecting 150M. Amid chaos, Bitcoin hits $66.5K; crypto market surges 3% to $2.5T. $SOL leads with 9% gain; $ETH up 3%. Crypto’s resilience shines. #Update
Celebrity investor Hugh Hendry predicts Bitcoin could triple, surpassing NVIDIA’s market cap. He highlights BTC’s market cap of $1.3T, calling it a unique high-growth asset. Bitcoin’s price recently rose 4% to $66,300 with volume up 11% to $31B. #Bitcoin #Update
The UK Treasury, led by Chancellor @RachelReevesMP, may sell its $4B Bitcoin stash, echoing Germany’s recent crypto sale. The 61,245 BTC, seized in a 2018 fraud case, could boost the economy but risk market downturns. #Bitcoin #Update
KK Miner’s cloud mining contracts attract $30B from 5.7M investors, offering up to $840 daily in Bitcoin as BTC surges past $65K. The company impacts 3.5% of the global hash rate. #Bitcoin #Update
? The Hong Kong Stock Exchange ($SEHK) will debut Asia’s first Bitcoin inverse product on July 23, aligning with the U.S. launch of the Spot Ethereum ETF. Managed by CSOP, it offers a regulated way to hedge or profit from BTC price declines. Key features: 2.00% annual charge, -0.05% tracking difference.
#Bitcoin #CryptoNews
