BlackRock's IBIT ETF hit a record $7.69 billion in trading volume, doubling previous records, amidst significant Bitcoin price gains and record outflows from GBTC.
AlexBlackRock's IBIT surpasses Grayscale's GBTC in daily trading volumes, reshaping the Bitcoin ETF market dynamics. Despite GBTC outflows and higher fees, total market inflows exceed $1 billion, influencing Bitcoin's recovery below $40,000.
Huang BoTD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
JinseFinanceAfter many reversals and mistakes, the Bitcoin Spot ETF was finally approved by the U.S. Securities and Exchange Commission.
JinseFinanceWeekly Bitcoin trading volumes in the Philippines peso grew steadily on Paxful this year and eventually hit a new high in July.
CointelegraphIndian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet.
CointelegraphThe ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
CointelegraphThe regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.
CointelegraphThe asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
CointelegraphThe asset manager said it would purchase “exchange-traded protective put options” and write “exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”
Cointelegraph