A flurry of excitement this week around interest rates, crypto leverage, and ETF flows still proved net negative for the price of Bitcoin this week. The leading cryptocurrency plunged as low as $65,018 on Friday, according to CoinGecko, edging near a 30-day low, before rolling into the weekend ...
READ MORE +Over 1 million BTC are now held in custody by Bitcoin exchange-traded funds (ETFs) designed to track the asset’s price performance. More than 30 Bitcoin ETFs collectively owned 1,002,343 BTC as of May 24, according to a chart posted to Twitter on Monday by MicroStrategy executive chairman ...
READ MORE +The Swiss National Bank (SNB) announced a twenty-five basis point cut to its benchmark interest rate on Thursday, bucking a global trend among other central banks committed to keeping rates elevated. Should others follow, it could be a promising sign for crypto markets—which have ...
READ MORE +Grayscale has a new Bitcoin ETF product in the works that may help stem the tsunami of outflows that has plagued its Grayscale Bitcoin Trust (GBTC) over the last two months. Per an S-1 statement filed on Tuesday, the Grayscale Bitcoin Mini Trust—which will boast the familiar ticker ...
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