BlackRock outpaces competitors in the race to accumulate $1 billion in assets for its spot bitcoin exchange-traded fund. BlackRock beats spot bitcoin ETF rivals in race to $1B assets

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

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The Bitcoin holdings in Tether’s wallet have increased to 66,400 BTC, accumulating more than $1 billion in paper profits. Tether’s Bitcoin wallet swells to 66,400 BTC, tallying up unrealized gains of over $1B

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
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Should BlackRock persist with its daily purchases of 6,000 bitcoins, we may face a situation of limited supply in a year and a half, and this is the rationale behind it. If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why

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.
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Forecast for Terra Classic (LUNC) Value: Could the Price Reach $0.00039? Terra Classic (LUNC) Price Prediction: Will Price Touch $0.00039?

Terra Classic (LUNC), a controversial cryptocurrency, has entered a critical phase as predictions mount over whether its price…

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Chainlink Weekend Price: Will LINK Enter Bearish Trend?

Chainlink (LINK) now finds itself at a critical juncture, with its price up against a major resistance level…

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Roundhill launches a pioneering covered call ETF for Bitcoin in the U Roundhill introduces covered call Bitcoin ETF, a first for the U.S. market

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:
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Bitcoin’s value decreases by 3.5%, falling to $41,000 amid diminishing excitement for an exchange-traded fund based on spot prices, while outflows from the Grayscale Bitcoin Trust persist. Bitcoin drops 3.5% to $41K as spot Bitcoin ETF hype fades, GBTC outflows continue

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.

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