Grayscale Bitcoin ETF Sees Record Lowest Daily Outflow of $18M
The relatively low figure is a sharp decline from GBTC’s usual outflow amounts.
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The relatively low figure is a sharp decline from GBTC’s usual outflow amounts.
Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.
Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.
Bitcoin’s Relative Strength Index is now above 79, a place it hasn’t been since the bull market of late 2021.
Bitcoin is stable as Asia begins its trading day, but crypto quant shop sees risk assets pricing in two, not three rate cuts.
“The main problem was our lack of organizational execution,” MarginFi’s longtime leader Edgar Pavlovsky told CoinDesk.
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
The former Ethereum adviser has retained well-known civil liberties lawyer Alan Dershowitz to serve as a consultant on constitutional issues in the case.
Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.