Author: e_cash_top
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Why declining prices did not stop Bitcoin holdings increasing for new ETFs
[ad_1] The Newborn Nine spot Bitcoin ETFs recently launched in the US have seen their combined assets under management explode to $5.1 billion in the nine trading days since their launch. However, throughout this period, the price of Bitcoin has fallen roughly 20%. The share prices for these ETFs have also fallen in line with…
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Bankers switching to crypto careers for higher salaries and industry growth
[ad_1] Crypto firms are attracting top talents from the traditional financial sector in droves thanks to higher salaries and the prestige of working in the emerging industry. A Bitget report shared with CryptoSlate showed that one-third of applicants for crypto positions have a background in banking and traditional finance. “33% of the exchange job applicants…
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Bitcoin miner balances hit 18-month low amid wallet reorganization signals
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Ark Invest’s aggressive accumulation of its Bitcoin ETF propels it into top 5 of ARKW portfolio
[ad_1] Ark Invest’s continued accumulation of the Ark 21Shares Spot Bitcoin ETF (ARKB) has elevated the asset to a top-five position within the firm’s Ark Next Generation Internet ETF (ARKW) portfolio. The firm’s latest trading file seen by CryptoSlate showed that it acquired 267,804 shares of ARKB, worth $12.3 million, based on the Jan. 24…
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Grayscale Bitcoin Trust hits new low for outflows with $429 million leaving fund
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin’s big fish: How Bitfinex whales are quietly shaping market trends
[ad_1] Quick Take Recent data analysis from Datamish reveals intriguing dynamics among Bitfinex whales, especially their consistent trend in closing long positions. As highlighted by CryptoSlate, a tangible reduction of 3,500 BTC was seen in early December, pulling the total down to 76,500 BTC. Despite the tumultuous journey Bitcoin has embarked on since then –…
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The market is absorbing enormous selling pressure with little movement
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin recovers above $40k amidst GBTC outflows, other ETF inflows
[ad_1] Bitcoin prices recovered past the $40,100 mark on Jan. 24, 2024 amidst continued inflows and outflows involving various spot Bitcoin ETFs. Bitcoin (BTC) was up nearly 1% over the 24 hours ending at 11:55 p.m. UTC. on Wednesday, reporting a price of $40,143 and a market cap of $786 billion. During an earlier period…
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Bitcoin drawn back toward $40k as market capitalization recovers $30 billion
[ad_1] Bitcoin’s price reclaimed the $40,000 threshold after trading below the mark during the last two days. According to CryptoSlate’s data, the top cryptocurrency spiked by around 4% during the last 24 hours, peaking at nearly $40,500 today, Jan. 24, before slightly retracing to $39,997 as of press time. Experts have attributed BTC’s poor performance…
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New FTX probe should be limited in cost and duration: bankruptcy judge
[ad_1] A new investigation into FTX should have a limited impact on the company’s bankruptcy case, Bloomberg reported on Jan. 24. The investigation results from a recent order from a Philadelphia court of appeals that requires the appointment of an examiner. Judge John Dorsey emphasized the potential cost of such an examination, commenting in a…