ETF analyst Eric Balchuas said there was a chance that such an investment vehicle “could put up better [returns]” based on BTC price moves after trading hours.
Bitcoin bulls recaptured the $94,000 level, but BTC volume data raises doubts about the duration of the upmove. Will bulls provide the necessary momentum?
The move makes PNC the first major US bank to offer spot Bitcoin trading within its own digital platform, starting with private bank clients.
Bitcoin miners offer a glimpse into potential BTC price upside to come as the historically accurate Hash Ribbons send a buy signal.
Twenty One Capital launched on the NYSE with strong institutional backing and a massive Bitcoin treasury.
Bitcoin failed to successfully retest the yearly open after US sell-side pressure reentered to start the week, keeping volatility firmly in control.
Michael Saylor said that he pitched Bitcoin as “digital capital” to wealth funds and banks, calling it the foundation for a new yield-bearing credit asset class.
Many analysts say BTC’s rebound is a bull trap, warning its price could fall to as low as $40,000 over the coming months.
Some of the Bitcoin outflows from exchanges are going to individual users’ storage wallets, but ETFs and institutions are accumulating coins too.
The pilot program allows futures commission merchants to accept Bitcoin, Ether and USDC for margin collateral, provided strict reporting criteria are followed.