The SEC seeks advice of organizations and officials related to the approval of the Winklevoss twins’ Bitcoin ETF to get independent insight.
Spot Bitcoin ETFs recorded their second-largest monthly outflow in March as the crypto community showed mixed reactions toward the market movements.
The US-based spot Bitcoin exchange-traded funds saw another phase of outflows as the demand for the leading crypto asset declined.
Bitcoin and crypto ETFs are in bearish mode with market data showing over $3 billion outflow in 8 days.
According to an industry expert Peter Chung, these outflows may have been caused by the unwinding of basis trades by institutional investors.
Analysts have highlighted a Bitcoin top-formation pattern similar to 2021, suggesting the possibility of an additional 10-20% correction from current levels.
The disappointments from several US states rejecting strategic Bitcoin reserves sent shockwaves to the entire crypto market, with the US spot BTC ETFs bleeding profusely.
Bitcoin ETF products have now crossed the $750 billion in volume generated.
Bitcoin is trading below $95,000 as the Coinbase Premium Index turns negative, indicating retail selling pressure despite growing institutional adoption through ETFs.
Bitwise Asset Management has revealed its Bitcoin ETF wallet addresses, allowing investors to verify holdings directly on the blockchain and potentially influencing industry standards.
The hacker who posted a fake Bitcoin ETF approval update through the US SEC’s account has pleaded guilty.
One project gaining rapid traction is Skyren DAO (SKYRN), a next-generation platform designed to revolutionize crypto airdrops.
BlackRock’s proposal for in-kind redemption on its spot Bitcoin ETF product is now under review
TMTG expands into finance with Truth.Fi brand, introducing America First-focused ETFs and managed accounts backed by $250M investment commitment.
Seo Yoo-seok emphasizes the need for Bitcoin and Ethereum ETFs in South Korea to cater to the older generation, ensuring peaceful investment.
Gold continues to prove itself as a strong store of value, Bitcoin is struggling to gather momentum.