
April 21st, 2025
A network of RIAs will now begin allocating funds for investment to the Bitcoin market through BITB, the spot Bitcoin ETF from Bitwise.
Marketing for Bitcoin ETFs has taken some interesting turns since Bitwise released the first ad in mid-December 2023, close to a month before spot Bitcoin ETFs were approved.
The rising inflows coincide with an increase in the price of Bitcoin, which has surged nearly 25% year-to-date.
Kiyosaki now has one of the market’s most bullish short-term Bitcoin predictions, while other analysts are play safe with their forecasts.
The majority of US spot Bitcoin ETF issuers have set their sponsor fee between 0.19% and 0.25%, but the high competition could easily cause further lowering in the near term.
Crypto exchanges Swan Bitcoin and Blockchain.com led in fundraising in Q4 2023 with about $165 million and $100 million respectively.
Coinbase stock is enjoying positive activity following the company’s report that it beat expectations set by analysts for last quarter.
Bitcoin crossed $52,000 and seems ready for more increase as spot ETFs receive more large inflows, with BlackRock and Fidelity leading.
While BlackRock’s Gold ETF has registered major outflows in 2024, its Bitcoin ETF stands tall at first place with $4.8 billion in flows so far in 2024.
Optimism about Bitcoin price prospects is palpable among industry figures. Arthur Hayes has predicted a BTC climb to $70,000 by year-end, emphasizing his bullish stance on Bitcoin’s prospects.
Bitcoin is now poised to scale its all-time high as traders are bullish, and anticipate a price jump following the performance of spot ETFs.
The inflow recorded by spot Bitcoin ETFs nearly surged to $500 million yesterday, as the price of Bitcoin hit a level not seen for 2 years.
Bitcoin price has gradually reduced the chances of market correction towards the support range between $32k and $38k before the upcoming halving.
New Zealand’s central bank governor told the parliamentary Finance and Expenditure Committee that stablecoins are not a substitute for fiat money and are not as stable as purported.
Addressing common concerns such as the impact of historical events like the Mt. Gox collapse, Celsius controversies, and government sell-offs, Kang argues that these factors pale in comparison to the potential demand flows into Bitcoin.