Asset manager Roundhill has introduced the first covered call Bitcoin ETF in the U.S. market, according to a press release on Jan. 18. The exchange-traded fund is called the Roundhill Bitcoin Covered Call Strategy ETF. It trades under the ticker “YBTC” on the Cboe BZX exchange. Dave Mazza, Chief Strategy Officer at Roundhill Investments, said:
The post Roundhill introduces covered call Bitcoin ETF, a first for the U.S. market appeared first on CryptoSlate.

Bitcoin (BTC) saw noticeable losses on Jan. 18, one week after the first Bitcoin spot ETFs began to trade on various exchanges. BTC was worth $41,107 and reported a market cap of $805.8 billion at 9:50 p.m. UTC on Thursday. That decline marks a 3.5% loss over 24 hours. Bitcoin’s current price of $41,107 represents
The post Bitcoin drops 3.5% to $41K as spot Bitcoin ETF hype fades, GBTC outflows continue appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) said on Jan. 18 that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. More specifically, the decision concerns a proposed rule change that would allow Cboe BZX to list and trade shares of Fidelity’s planned fund. The SEC noted that the proposed rule change was
The post SEC delays Fidelity’s Ethereum spot ETF, but decisions are still expected in May appeared first on CryptoSlate.

Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the price of bitcoin. Schiff expects the new regulations to focus on anti-money laundering (AML) rather than securities law. Peter Schiff’s Crypto

Only the first bitcoin futures ETF and the first physical gold fund hit $1 billion in assets via “organic” demand this soon after launch, Bloomberg Intelligence analyst says

Tether has significantly increased its Bitcoin holdings, now comprising more than 66,000 BTC, with an estimated value exceeding $2.8 billion. According to data shared by CryptoQuant founder Ki Young Ju, Tether’s BTC holdings surged to 66,400 from the 57,500 recorded at the beginning of the year—indicating an acquisition of approximately 8,900 BTC in the final
The post Tether’s Bitcoin wallet swells to 66,400 BTC, tallying up unrealized gains of over $1B appeared first on CryptoSlate.

Those still in the space say a future for NFTs will require a movement past JPEGs

The stablecoin issuer continues to load up on Bitcoin.

Building on CryptoSlate’s recent analysis of the competing Bitcoin inflows and outflows between BlackRock and Grayscale, I extrapolated the data even further to see just how long BlackRock could sustain its current average Bitcoin accumulation. At a high level, BlackRock’s entry through Bitcoin ETFs is a substantial moment for Bitcoin’s reputation in the United States.
The post If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why appeared first on CryptoSlate.

Bitcoin has surpassed silver to become the second-largest ETF commodity in the US. Since its landmark approval by…