$111 Billion: Bitcoin ETFs See Record Volumes in March
Spot bitcoin ETFs saw record trading volume of $111 billion in March, nearly triple February’s total, indicating strong demand for the new products.
Spot bitcoin ETFs saw record trading volume of $111 billion in March, nearly triple February’s total, indicating strong demand for the new products.
BlackRock is focusing on Bitcoin, and “very little everything else,” says its Head of Digital Assets.
Now that the spot Bitcoin ETFs have been approved, are they instigating a fundamental change in the structure of Bitcoin markets?
Bitcoin surpasses its previous all time high of $69,000 with no signs of slowing down.
IBIT39 will initially be available to qualified investors, with retail access expected to follow in the coming “weeks.”
Bitcoin is now less then $9,000 away from making a new all time high.
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.
The latest price moves in crypto markets in context for Jan. 15, 2024.
Finney, who died in August 2014, was also the first person besides Bitcoin’s pseudonymous creator, Satoshi Nakamoto, to download and run Bitcoin’s software.
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