Market sentiment is strongly bullish, since the start of October its price has gained more than 50% without taking a single correction yet. At IntoTheBlock we have analyzed three key indicators that provide interesting insights into how the crypto market could be positioned for the next move. Transactions volume up 7x since previous ATH Since…
$5 trillion asset manager Fidelity applies for Bitcoin ETF FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). 2 min read →
ProShares’ debut Bitcoin Futures exchange-traded fund (ETF) has managed to attract $1 billion of trading volume on its first day. Founded in 1977, Proshares is an American provider of specialized exchange-traded funds, which assists investors in managing the associated risk factors, volatility and helps in boosting returns for maximized revenue generation. The ETF which was…
Data from blockchain intelligence firm IntoTheBlock shows Bitcoin perpetual swap open interest (PSOI) hit close to $18 billion on Monday – a level not seen since mid-April, marking a 26 week high. Source: @intotheblock on Twitter.com The firm suggests that a possible reason for this is due to traders overleveraging their positions. What’s more, further…
Grayscale Investments, announced today that NYSE Arca has filed Form 19b-4 with the Securities and Exchange Commission (SEC) to convert Grayscale’s flagship product, Grayscale Bitcoin Trust (OTCQX: GBTC), into a Bitcoin Spot ETF. We have long been committed to transforming $GBTC and our other investment products into ETFs, and we’re proud to deliver on that…
$5 trillion asset manager Fidelity applies for Bitcoin ETF FD Funds Management, a subsidiary of Fidelity Investments (which manages over $4.9 trillion in assets), yesterday filed a preliminary registration with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). 2 min read →
El Salvador’s President Bukele responded to the weekend’s Bitcoin protest, calling it a failure while also downplaying the numbers involved. Ever since announcing a dual Bitcoin-dollar currency system, a segment of the population has voiced its opposition. Referring to President Bukele’s insistence to press ahead regardless, they say El Salvador is now a “dictatorship.” President…
A Deeper Look Inside the SEC’s Bitcoin ETF Rejections This post was last updated on November 7th, 2019 at 02:54 amWhile the broader cryptocurrency community awaited the United States Securities and Exchange Commission’s (SEC) decision on Bitcoin Exchange Traded Funds (ETFs), the watchdog rejected all nine applications made by three different players in one sweeping…
A prominent trader makes the case for $8.5k Bitcoin before making new lows A prominent trader known as PentarhUdi accurately called the drop from $10,000 to sub-$6,000 and has called many full Bitcoin market cycles in the past several years, believes BTC is headed to up to $8,500. 3 min read →
‘Dogenations’ campaign wants to raise Shiba Inu-inspired Dogecoin for homeless animals This post was last updated on October 16th, 2021 at 02:38 amPAWS Chicago, a non-profit animal shelter organization dedicated to building no-kill animal communities, recently launched “Dogenations” and started accepting Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), and 36 other cryptocurrencies for donations. 2 min…