Bitcoin exchange-traded funds (ETFs) have suffered nearly $5.75 billion of outflows since mid-May, fueling speculation that institutional investors are cashing out of crypto to prepare for the highly anticipated SpaceX IPO. The selling pressure drove bitcoin to a 2026 low below $60,000 in the first week of June, more than 50% below its all-time high
Yesterday, US CPI data, which the Fed closely monitors when making its interest rate decisions, was released and came in at 4.2%. At this point, inflation in the US has officially risen above 4%, more than double the Fed’s ultimate target of 2%. This increases the likelihood of further Fed interest rate hikes. Related News
BlackRock is close to launching a bitcoin fund that pays an income. The world’s largest asset manager filed its fourth amendment for the iShares Bitcoin Premium Income ETF on Tuesday, according to its SEC filing. The fund will trade on Nasdaq under the ticker BITA. The income comes from options. The fund holds bitcoin and
Glassnode: Bitcoin is Approaching the Final Phase of its Correction, but the Bottom Has Not Yet Been Confirmed Glassnode, a leading on-chain data analytics company in the cryptocurrency market, made noteworthy assessments regarding Bitcoin’s current market cycle in its latest weekly report. According to the company, while many technical and on-chain indicators point to the
Bitcoin price surged more than 2% in the last 24 hours despite headline US CPI inflation rising to 4.2%, Bitcoin ETF outflows, and the US-Iran war escalation. $BTC is approaching a potential structural bottom amid weakening demand and on-chain signals, according to leading analytics firm CryptoQuant.
Investment research firm Hedgeye has submitted a formal application to the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) designed to provide Bitcoin exposure with built-in risk management features. The filing, confirmed by Bloomberg ETF analyst James Seyffart, is for a product currently referred to as the ‘Hedged Bitcoin ETF.’
How much $BTC would a Bitcoin holder actually require to become a millionaire by 2030? That is a question that could be answered in different ways, depending on individual projections and expectations. Whatever the answer, its realization will depend on how the cryptocurrency evolves over the next four years. Almost every major analyst has an
Bitcoin [$BTC] could trend even lower as market dynamics keep the asset locked in a range between $59,000 and $63,000. Momentum behind any rebound remains weak, and fresh data tied to global market liquidity warns that Bitcoin may slip further before it carves out a bottom and stages a strong bullish recovery. Bitcoin-to-global M2 ratio
Bitcoin’s recent decline has pushed short-term holder whales into the deepest stress phase of this cycle. Their unrealized losses have expanded to roughly $16.4 billion, reflecting the impact of Bitcoin’s [$BTC] slide from above $100,000 toward $60,000. As prices moved lower, more recent whale positions fell underwater, driving Unrealized Profit and Loss sharply into negative
Bitcoin has lost buyers on two fronts. The exodus from spot ETFs as a catalyst for the recent bitcoin price swoon is well documented. Less discussed is the equally steep drop in buying by digital asset treasuries, or firms whose core business is accumulating bitcoin as a treasury asset. “As $BTC broke down from the