Bitcoin surged to $126,200 as global crypto digital products logged $5.67 billion in record inflows, reflecting renewed investor faith amid fiscal and geopolitical risks.
Latest Bitcoin ETF News
Exchange-traded funds, or ETFs, are investment funds that trade on a stock market with their value derived from an underlying basket of assets such as stocks, bonds, commodities and other financial instruments. They provide investors with easier exposure to a particular index of assets.
A Bitcoin ETF is similar, but the underlying asset is the Bitcoin (BTC) cryptocurrency rather than other traditional financial instruments. Bitcoin ETFs could provide institutional investors an easier way to buy into Bitcoin and crypto markets, thus making it more attractive to the broader investment community.
BTCetc, or Bitcoin Exchange Traded Crypto (BTCE), launched on Deutsche Börse Xetra in June 2020 as the first Bitcoin ETF available in the European market. ProShares Bitcoin Strategy ETF (BITO) was the first Bitcoin-linked ETF approved by the United States Securities and Exchange Commission (SEC). It launched in October 2021. Canada approved the world’s first spot Bitcoin ETF, Purpose Bitcoin ETF (BTCC), in February 2021.
As of October 2023, U.S. regulators had not approved a spot Bitcoin ETF, with the SEC expressing concerns about market manipulation, fraud, custody and investor protection in their hesitancy to approve such applications.
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Bitcoin hit fresh highs on Monday, and several altcoins look ready to follow. If the buying pace sustains, BTC’s next stop could be $142,000.
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Bitcoin-stacking companies bought over 6,700 BTC last week, with the majority of the buying coming from Japanese investment firm Metaplanet.
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Onchain dynamics point to a renewed accumulation phase that may see Bitcoin’s price surpass $150,000 before the end of 2025, market analysts told Cointelegraph.
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Many major banks anticipate that Bitcoin will rise to as high as $200,000 by year-end, driven by record ETF inflows and capital rotation from gold markets.
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Bitcoin ETFs are the market’s “clearest sentiment barometer,” indicating an incoming breakout for “Uptober,” analysts told Cointelegraph.
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The UK will lift a ban on specific crypto exchange-traded products starting next week, but the regulator said its “framework would need to be updated” before considering ETFs.
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Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high.
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Bitcoin surges despite US government shutdowns delay altcoin ETFs; Brazil rolls out a welcome mat for crypto miners.
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With 16 crypto ETF applications on the SEC’s October calendar, a new regulatory framework could fast-track approvals for Solana, XRP and beyond, signaling a pivotal shift for US markets.
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Bitcoin futures buyers came in force for “Uptober” as buy volume outpaced sell volume by almost $2 billion near new BTC price all-time highs.
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Bitcoin cleared the $120,000 level for the first time since August as long-term selling cooled and short-term holders stabilized, hinting at a fresh accumulation phase.
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Bitcoin is due to halt its gains to consolidate, thanks to leading price indicators becoming “overbought,” the latest analysis reports.
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Traders and data suggest that Bitcoin may benefit from the US government shutdown, but how long will the gains last?
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Bitcoin derivatives markets show heightened caution amid weak macroeconomic data, but Bitcoin ETF inflows and corporate accumulation signal bullishness.
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