The price of bitcoin (BTC) fell Friday morning US time just as the second bitcoin futures-backed ETF, the Valkyrie Bitcoin Strategy ETF with ticker BTF, went live on the Nasdaq stock exchange. Since going live at 09:30 ET (13:30 UTC), BTF was down by 3.15% from a price per share of USD 25.
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The returns for shareholders in two popular proxies for the bitcoin (BTC) price, namely MicroStrategy (MSTR) and the Grayscale Bitcoin Trust (GBTC), have fallen well behind those of spot bitcoin holders this year, with some speculating that the two investment vehicles are no longer needed now that bitcoin ETFs exist. Year-to-date, MicroStrategy’s share is up by about 89%, while shares of the Grayscale Bitcoin Trust are up by 53%, data from Morningstar showed….
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Digital asset manager Valkyrie has announced the launch of its Bitcoin futures ETF following approval from the SEC….
Continue reading on https://decrypt.co/84098/valkyrie-launches-second-bitcoin-futures-etf-u-s
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Bitcoin price started a downside correction from the USD 67,000 zone. BTC corrected lower below USD 65,000 and USD 63,500, before going higher again. It is currently (11:51 UTC) trading above USD 63,500, but there is a risk of a downside correction. Besides, most major altcoins are also correcting lower. ETH is down over USD 200, but it is still above USD 4,000.
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The first bitcoin (BTC) futures-backed exchange-traded fund (ETF), ProShares’ BITO, is reportedly already in danger of breaching a limit on the number of futures contracts it is allowed to hold under current Chicago Mercantile Exchange (CME) rules….Read More: First Bitcoin ETF in Immediate Danger of Hitting Cap on Contracts Held…
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The American retail behemoth Walmart has begun a crypto pilot that involves installing bitcoin (BTC) using ATM machines at 200 of its outlets in the United States. The pilot involves the firm Coinstar, which operates the machines and is rolling out 8,000 devices across the country, in partnership with the crypto exchange Coinme, per Reuters and Bloomberg.
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Bitcoin price is currently (04:25 UTC) trading well below USD 64,000 and there could be more downsides in the short-term. Besides, most major altcoins are also trimming gains. ETH traded below the USD 4,320 and USD 4,250 support levels. XRP is still struggling to clear the USD 1.15 resistance zone. ADA tested USD 2.
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The fate of Bitcoin (BTC) and crypto mining in the de facto Caucasus-based state of Abkhazia has taken another bizarre turn after the government announced it would be building a new IT park dedicated to mining tokens. EADaily reported that the President of Abkhazia, Aslan Bzhania, made the announcement on a visit to the Gudauta and Gagra regions, where he announced that a new Gyachripsh-based substation would be put to use – to power “a technopark for cryptocurrency mining.
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After Bitcoin and Ethereum reached record prices this week, Solana is slowly making its way back to its all-time high….
Continue reading on https://decrypt.co/84058/ethereum-rival-solana-rides-bitcoin-wave-daily-gain
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Only a day after the first-ever US-based bitcoin exchange-traded fund (ETF) went live on the NYSE Arca exchange, the price of bitcoin (BTC) rallied to a new all-time high. While it would be a bit of a stretch to claim that only the ETF caused this, it helped BTC retain its positive price momentum.
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