Wall Street and Bitcoin

Wall Street ETFs Drive Bitcoin Demand Surging Beyond Production Capacity

Wall Street Exchange-Traded Funds (ETFs) are significantly increasing their Bitcoin acquisition rates, outstripping the network’s production capacity by a factor of 12.5. This surge in demand has propelled the price of Bitcoin to a substantial $50,000, reflecting the intensified interest from institutional investors.

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Nine Bitcoin Spot ETFs Bounce Back, Overwhelm GBTC Outflows with $500 Million Inflows

Eric Balchunas hails the “strong week 3” of the Nine Bitcoin Spot ETFs, highlighting their $500 million net inflows over six days despite GBTC outflows. This sustained investor interest defies post-launch slowdown expectations, suggesting these ETFs could have “legs” in the market.

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Bitcoins, wads of currency, sparkling lights and an ETF banner

Spot Bitcoin ETF Issuers Are Accumulating Bitcoins At A Rapid Rate

The cryptocurrency market is witnessing a surge in institutional interest in Bitcoin, driven by the recent launch of nine new Bitcoin ETFs. These funds have collectively acquired a staggering 102,613 BTC within just seven days of trading, highlighting a rapid pace of accumulation that dwarfs even established players like MicroStrategy, which took 300 days to purchase over 100,000 BTC.

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A whale in water and bitcoin

Whale Moves Dormant Bitcoin Worth $2 Billion After Five Years of Inactivity

Arkham Intelligence, a crypto tracker, has detected a massive movement of dormant bitcoin worth $2 billion. The bitcoin had not moved since 2019, and only once since 2013. The movement coincides with the launch of spot bitcoin ETFs in the U.S. market, which have attracted record trading volumes.

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Bitcoin with a Vanguard logo in the background

Vanguard Shuns Bitcoin ETFs, Faces Backlash from Crypto Enthusiasts

Vanguard, one of the world’s largest asset managers, has decided not to offer Bitcoin futures ETFs on its platform, citing its conservative investment philosophy and the high-risk nature of cryptocurrencies. This decision has sparked criticism from some crypto supporters, who accuse the company of being outdated and missing out on the opportunities of digital assets.

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Bitcoin logo and approval marks

SEC Approves Historic Launch of Spot Bitcoin ETFs, Signaling Mainstream Acceptance

In a groundbreaking development, the Securities and Exchange Commission (SEC) has officially granted approval for the listing of the inaugural spot Bitcoin Exchange-Traded Funds (ETFs) in the United States. This landmark decision is set to reshape the landscape of Bitcoin adoption within traditional financial markets. The green light for spot Bitcoin ETFs is anticipated to provide investors with direct exposure to BTC, fostering a new era of accessibility and regulation within the burgeoning Bitcoin market.

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Arthur Hayes and Bitcoin logo

BitMEX Founder Sees Bitcoin Correction of Up to 40% in Early 2024

Arthur Hayes, the founder of cryptocurrency exchange BitMEX, said he expects Bitcoin to experience a healthy correction of 20% to 30% from its current level by early March, and possibly more if the US-listed spot Bitcoin ETFs start trading by then.

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