Tag: $BTC
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Bitwise Proposes Bitcoin-Ethereum Spot ETF to SEC
Bitwise Asset Management has submitted a proposal for a Bitcoin-Ethereum combined spot ETF to the SEC. This move follows Bitwise’s success with its Bitcoin spot ETF earlier this year and its recent launch of Bitcoin ETF options. The new proposal aims to balance exposure between Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.…
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Bitcoin Hits Record High, Approaches $100,000
Bitcoin reached a new all-time high of $97,500 on Thursday, continuing a rally fueled by shifting market dynamics and optimism over U.S. regulatory developments. The cryptocurrency’s price is now less than 3% away from the $100,000 milestone, marking a historic moment for digital assets. Key Points: Catalysts for the Rally The ongoing rally has been…
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BlackRock’s spot Bitcoin ETF bought $391.8M worth of $BTC.
This week has seen a surge in demand for U.S. spot Bitcoin ETFs, with BlackRock’s Bitcoin ETF ($IBIT) hitting a major milestone. Total inflows into IBIT have reached $22.5 billion since its inception. On Wednesday, BlackRock scooped up 5,805 BTC, with inflows soaring to $393.4 million in just one day. The surge in inflows reflects…