Bitcoin ETF Archives - Crypto Genius™

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Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

Crypto News and Updates / Logan / February 18, 2024

Bitcoin’s price has recently experienced a hefty surge, crossing the $52,000 mark. This sharp increase reflects a vigorous demand for Bitcoin exchange-traded funds, which, as per CryptoQuant, make up over 75% of fresh Bitcoin investments. Yet, the price analysis cryptocurrency indicates a potential resistance around the $52,000 mark, hinting at an imminently saturated market. While it’s difficult to pinpoint when this surge will climax, history has taught us that every euphoric period in the cry

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Bitcoin ETF Inflows Soar, Outdoing Initial Month of Trade

Crypto News and Updates / Logan / February 17, 2024

In the past few days, an impressive surge has been observed in Bitcoin ETF Inflows, accumulating over $2.2 billion. This amount exceeds the total accumulated during the initial month of trading. This sudden influx is seen by market observers as a major propellant for Bitcoin’s rally, which has driven its price past the $52,000 threshold. Notably, ten spot Bitcoin ETFs have experienced increased interest, drawing in 43,300 Bitcoin within a mere four days. This is significant as it previously took

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Cryptocurrency Investment Revolution: The Impact of Bitcoin ETFs Approval

Crypto News and Updates / Logan / February 15, 2024

On February 13, a total of eight Bitcoin ETFs recorded daily inflows of 12,073 BTC, an equivalent of roughly $590 million, with the iShares from BlackRock taking the lead. Concurrently, outflows from Grayscale experienced a decline, slowing to 1,147 BTC or approximately $56 million. The Bitcoin ETFs approval has definitively impacted the market, with brands such as BlackRock’s iShares and Fidelity’s FBTC at the forefront. These entities added 7,497 BTC ($366.5M) and 3,039 BTC ($148.5M) respectiv

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Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

Crypto News and Updates / Logan / November 22, 2023

In a recent meeting with the SEC, Grayscale executives discussed a potential rule change to transform the Grayscale Bitcoin Trust into a spot Bitcoin ETF. Grayscale’s partnership with BNY Mellon, aimed at assisting with share issuance and account management, was also disclosed. However, this does not guarantee immediate transformation of GBTC. The proposal, now termed ‘uplisting’, could see Grayscale controlling $20 billion in assets, thus dominating the ETF landscape. Despite competition from g

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Differing Opinions on Bitcoin’s Future Amid Expectations of Bitcoin ETF Authorization

Crypto News and Updates / Logan / November 13, 2023

The crypto community eagerly awaits the US approval of Spot Bitcoin ETFs, anticipating it could launch a bullish Bitcoin surge. However, noted economist Peter Schiff counters this optimism, projecting a Bitcoin crash ahead of the SEC’s approval of spot Bitcoin ETFs. He recently used a social media survey to predict when the next Bitcoin downturn might occur. Despite most of his followers thinking the crash will happen post-ETF approval, Schiff asserts it will take place beforehand.

Sch

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