Top US Bitcoin ETF BITO Draws $240M on Spot ETF Excitement
The ProShares Bitcoin Strategy ETF (BITO) absorbed $240 million inflows in the past month, its 2nd best ever, as investors anticipate an imminent spot Bitcoin ETF approval.
The ProShares Bitcoin Strategy ETF (BITO) absorbed $240 million inflows in the past month, its 2nd best ever, as investors anticipate an imminent spot Bitcoin ETF approval.
The CME has become the top Bitcoin futures exchange, surpassing Binance’s open interest. This shift highlights growing institutional demand amidst ETF excitement.
Recent surges in Ethereum and Bitcoin transaction fees have renewed debate around layer 1 vs layer 2 scaling, with users complaining of high costs.
Nearly 18 months after the TerraUSD stablecoin collapse sparked a crypto crash, Bitcoin has finally recovered to its pre-crash price of over $37,000.
Leading Bitcoin miners sold more coins than they mined in October to capitalize on rising prices and build reserves before the impending halving cuts production rewards.
The cryptocurrency market saw gains, led by Bitcoin reclaiming the $35,000 level. Altcoins also posted strong performance, with Ethereum near $1,900 and Binance Coin up almost 4%.
Significant transfers of XRP to exchanges and dormant Bitcoin wallets moving 6,500 BTC have sparked attention and volatility predictions.
Marathon Digital is piloting a project to mine bitcoin using methane gas from a Utah landfill, advancing green mining solutions.
Coinbase has rolled out regulated crypto futures contracts for Bitcoin and Ethereum to eligible US retail investors. The futures aim to provide more affordable options.
Nearly $1 billion in Bitcoin was withdrawn from cryptocurrency exchanges in the past 24 hours, a potentially bullish sign of investors moving assets into long-term storage and reducing tradable supply.