Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi
The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
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The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 2% while bitcoin lost 1%
The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs.
A fake SEC tweet briefly roiled the bitcoin market in January. (Nikhilesh De/CoinDesk)
Technical indicators point to a price surge, and Polymarket bettors have their money on BTC passing $70K this month.
Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed.
Bitwise announced the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) on Friday, a fund that combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).
Bitcoin and ether outflows from ETFs contribute to this week’s weak crypto price action.
PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.
Data from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid global monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries.