💰 US Bitcoin ETFs Close In on Satoshi’s BTC Stash, Holding 924,768 BTC

Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion. Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at their current pace, they could surpass Satoshi Nakamoto’s famous 1 million BTC in just over a month.

Source

https://t.me/Bitcoin_Crypto_Signals

349

0

💰 Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

Source

https://t.me/Bitcoin_Crypto_Signals

333

0

💰 US spot #Bitcoin ETFs continue net inflow streak, reaching $365 million on sixth day

Spot bitcoin exchange-traded funds in the U.S. recorded total daily net inflows of $365.57 million on Thursday, the largest since late July. Thursday’s inflows extended the positive run to its sixth consecutive day, according to Sosolvalue data. Yesterday’s net inflows were led by Ark Invest and 21Shares’ ARKB, which recorded positive flows of $113.82 million, according to SoSoValue data.

Source

https://t.me/Bitcoin_Crypto_Signals

352

0

🪙 #Bitcoin rallies amid positive U.S. jobs data and reports of more China stimulus measures

Bitcoin has rallied above the $65,000 mark over the past 24 hours, buoyed by a broader stock market rally following positive U.S. jobs data and economic stimulus promises from China. The equity markets experienced gains after Chinese leaders pledged to bolster the economy through additional stimulus measures, alongside favorable labor market indicators from the U.S. Last week.

Source

https://t.me/Bitcoin_Crypto_Signals

357

0

💰 BlackRock’s head of digital assets says #Bitcoin is risky, but still a ‘risk-off’ asset

BlackRock head of digital assets Robbie Mitchnick believes the crypto industry has made a marketing blunder when it comes to Bitcoin (BTC). A risk-on asset, like stocks, is something that investors buy when they are optimistic about the market and are willing to take more risk. Therefore, a “risk-off asset” is where investors move their money when they’re worried about market volatility.

Source

https://t.me/Bitcoin_Crypto_Signals

353

0

💰 #Bitcoin finds support near active realized price level mirroring early 2021 bull run

The active realized price serves as a significant indicator of market performance. Over the past five years, it has functioned as a critical support or resistance level, with Bitcoin’s price frequently oscillating around this metric. Key observations from 2019 to 2024 include periods of overvaluation during market peaks, such as in 2021, when Bitcoin’s price surged above the active realized price, reflecting heightened investor energy.

Source

https://t.me/Bitcoin_Crypto_Signals

332

0