Bitcoin ETF Price/Flow Correlation is Declining: JPMorgan
The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan.
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The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan.
BNB holders transferred over $400 million worth of BNB tokens in 24 hours to benefit from cross-chain gaming project Portal’s upcoming airdrop, Arkham Intelligence noted.
The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday.
The new offering will expedite the process of large and non-standard transactions.
ECB Director General Ulrich Bindseil and advisor Jürgen Schaaf are definitely against bitcoin, but their reasons don’t make a lot of sense.
Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blockchain and the potential approval of spot ether ETFs, the report said.
Institutional interest in digital assets means that crypto terms such as ‘Nakamoto Coefficient’ are now mainstream issues.
The token was up amid broader optimism surrounding AI spilling over into crypto.
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.
Inflows into the 10 spot bitcoin exchange-traded funds dropped to a two-week low on Wednesday, with the group attracting only about a net 500 bitcoin, some $25.5 million, data collected from the issuers’ websites shows.