GBTC Discount Continues to Narrow as Investors Await ETF Conversion Decision
The fund’s shares have traded at a discount to NAV since December 2021. Original Source
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ETF
Bitcoin (BTC) Prices Hover Over $28K as Bulls Remain Unfazed by ETF Rumor-Driven Market Whirlwind
“Relative to other assets, the risk vs. reward (or upside vs. downside) of crypto looks much better relative to other asset classes,” said Solo Cessay, co-founder of social app Calaxy, in a note to CryptoX. “Crypto looks like it has the best upside vs. downside potential, given the current asset
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Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations
While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had
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Bitcoin’s (BTC) Price Liquidity on Binance Crashed Amid BlackRock ETF Rumor, Data Show
The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock's (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction
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Bitcoin Hovers Above $28K After ETF Reports Prove False
In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum's gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has increased its dominance – its share of the overall market capitalization
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Clarification on sharing false spot Bitcoin ETF news
Dear Cointelegraph readers,We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space.Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X
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Fake Spot ETF Approval Sparks BTC Surge, Obliterates $78M Shorts At $30,000
In a flurry of market activity, false news surrounding the approval of a Bitcoin (BTC) Spot Exchange-Traded Fund (ETF) by the US
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Analyst suggests false Bitcoin ETF news was market manipulation
A popular crypto YouTuber known as Crypto Banter recently discussed how potentially fake news around a Bitcoin spot ETF approval caused a pump and dump in the Bitcoin price. In a video posted on Oct. 16th, the host explained that news circulated early in the day that the SEC had approved
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The Ripple Effects of a Spot Market Bitcoin ETF
Financial giants including BlackRock and Fidelity are looking to launch a bitcoin investment vehicle for people who do or cannot hold bitcoin directly. Source
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Grayscale (GBTC), Analysts Mull Bitcoin (BTC) ETF After SEC Decision
"There will be so much political and legal pressure on the SEC that SEC Chair Gary Gensler has to approve a spot Bitcoin ETF," said TD Cowen analyst Jaret Seiberg in a note to clients. Interestingly, Seiberg suggests Gensler and team can make a positive of the reversal. “Cementing its
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