New funds will make investing in bitcoin easier. Here’s what you need to know
11 months, 1 week ago

New funds will make investing in bitcoin easier. Here’s what you need to know

Associated Press  

NEW YORK — Nearly a dozen new bitcoin funds began trading in U.S. markets for the first time Thursday, providing increased access to the cryptocurrency for everyday investors. A spot bitcoin ETF could open the door to many new investors who don’t want to take such extra steps. New bitcoin ETFs will perform like the SPDR Gold Shares ETF, which allows anyone to invest in gold without having to find someplace to store a bar or having to protect it. It’s the same reason some people invest in the SPDR Bloomberg High Yield Bond ETF, which lets investors simply buy one thing instead of the more than 1,000 low-quality bonds that make up the index.

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History of this topic

Timeline to $100,000 and beyond: Bitcoin's wild ride
2 weeks, 5 days ago

Timeline to $100,000 and beyond: Bitcoin's wild ride

Hindustan Times  

Bitcoin broke above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president fuelled bets that his administration will create a friendly regulatory environment for cryptocurrencies. Here are key events in bitcoin's journey towards $100,000 and beyond: 2008: Satoshi Nakamoto, the pseudonym used by the cryptocurrency's presumed developer, introduces the concept of bitcoin 2010: …

Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington
2 weeks, 5 days ago

Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington

Live Mint  

Bitcoin traded above $100,000 for the first time, powered by a wave of investors betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto. During the campaign, Trump dropped his earlier skepticism of bitcoin and promised to “end Joe Biden’s war on crypto." Now, crypto investors are cheering Trump’s pledge to create a …

Bitcoin has smashed records. Should you invest?
1 month ago

Bitcoin has smashed records. Should you invest?

CNN  

CNN — In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor told CNBC is a way for the …

Bitcoin rallies past $81,000. What's driving the surge?
1 month, 1 week ago

Bitcoin rallies past $81,000. What's driving the surge?

India Today  

Bitcoin soared to a new record high, crossing the $81,000 mark on Monday. BITCOIN HITS NEW RECORD HIGH Many in the market believe Trump’s plans for Bitcoin and other digital assets have set the stage for the recent surge. "Bitcoin’s record-breaking surge is backed by strong fundamentals and signals from the recent US election that suggest pro-crypto policies may be …

Bitcoin Soars to New Heights, But Market Volatility Remains High
2 months ago

Bitcoin Soars to New Heights, But Market Volatility Remains High

ABP News  

Bitcoin and Ethereum ETFs see record inflows, with Bitcoin reaching a 30-day high of $69,000. The overall crypto market is volatile, with Bitcoin and Ethereum experiencing significant price fluctuations. BlackRock is reportedly stepping up its efforts in the crypto derivatives space, with discussions to enable the use of the BUIDL token as collateral in crypto derivative transactions.

Bitcoin plunges 3.7% to $66,870; here’s why its falling
6 months, 1 week ago

Bitcoin plunges 3.7% to $66,870; here’s why its falling

Live Mint  

World's biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve's monetary policy decision. The upcoming inflation data and the Federal Reserve's outlook on Wednesday could reinforce concerns that interest rates will remain elevated for an extended period, creating a challenging environment …

Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here
9 months, 1 week ago

Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here

Live Mint  

In the past less than a week, bitcoin has dropped over 10 percent from its all time high of $73,083 it hit on March 13 at trade at $65,300 in the early hours on Sunday. Swissblock, a digital asset analytics firm, in a note on Wednesday said that bitcoin has risen almost double in price from $38,000 in late January …

Bitcoin’s price is surging. What happens next?
9 months, 2 weeks ago

Bitcoin’s price is surging. What happens next?

Hindustan Times  

For a brief moment, everyone who owned Bitcoin had made money from it. On January 10th the Securities and Exchange Commission, an American regulator, approved applications by 11 investment firms, including BlackRock and Fidelity, to create bitcoin exchange-traded funds. For instance, even as tech stocks soared in the middle of 2021, bitcoin slumped after Elon Musk posted negative tweets about …

Bitcoin surges to $66,000, market cap crosses $2.5 trillion
9 months, 2 weeks ago

Bitcoin surges to $66,000, market cap crosses $2.5 trillion

Live Mint  

Bitcoin, world's foremost cryptocurrency in terms of value, surged to a two-year peak, crossing the $66,000 threshold. During the past 24 hours, data from CoinGecko indicates that the global cryptocurrency market capitalization experienced a notable surge of 3.6%, reaching approximately $2.54 trillion. Since the inception of US Bitcoin ETFs, significant net inflows totaling $7.35 billion have been invested by prominent …

Bitcoin Reclaims $57,000 After 2 Years On Heavy Institutional Buying
9 months, 3 weeks ago

Bitcoin Reclaims $57,000 After 2 Years On Heavy Institutional Buying

News 18  

Leading cryptocurrency Bitcoin has soared to a more than two-year high above $57,000 after enterprise software firm MicroStrategy Inc announced it had bought about 3,000 more of the tokens for $155 million. The US SEC approved 11 spot bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others. Bitcoin is now at a …

Bitcoin Crosses $46,000 As Excitement Around BTC Halving Catches Steam
10 months, 2 weeks ago

Bitcoin Crosses $46,000 As Excitement Around BTC Halving Catches Steam

ABP News  

In a notable surge, Bitcoin, the leading digital currency, reached its highest point in a month, surpassing the $46,000 mark on February 9. This surge is attributed to steady capital inflows into various United States funds dedicated to cryptocurrency, alongside growing anticipation surrounding the forthcoming halving event slated for April. "There is increased investor confidence leading up to the halving …

Bitcoin ETFs are off to a bad start. Will things improve?
10 months, 2 weeks ago

Bitcoin ETFs are off to a bad start. Will things improve?

Live Mint  

The path to approval for the first bitcoin exchange-traded funds was long and arduous. When State Street Global Advisors launched America’s first gold ETF in 2004, the metal fetched less than $500 per ounce, below its price in the early 1980s. Inflows into ETFs launched by firms such as BlackRock, Fidelity and VanEck have been almost entirely offset by outflows …

ETFs make Bitcoin’s problems even worse
11 months, 1 week ago

ETFs make Bitcoin’s problems even worse

Live Mint  

As holders of bitcoin they undermine the very purpose, and so the long-term value, of a cryptocurrency. The new ETFs reconnect bitcoin both to Wall Street’s old financial infrastructure and to the dollar, in which all are priced and which all use to buy and sell bitcoin. And bitcoin ETFs are likely to make its bad performance in crises even …

Here’s How the New Bitcoin ETFs Will Work
11 months, 1 week ago

Here’s How the New Bitcoin ETFs Will Work

Live Mint  

Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Authorized participants for the new bitcoin ETFs include electronic trading giants Jane Street Capital and Virtu Financial and the U.S. brokerage arm of JPMorgan Chase. By December, all the asset managers seeking to launch bitcoin ETFs switched to a cash model, in which authorized …

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion
11 months, 1 week ago

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion

Live Mint  

The price of first decentralised cryptocurrency Bitcoin surged over 5%, reaching intraday high to $49,012 on Thursday, January 11, after the US Securities and Exchange Commission greenlit the establishment of Bitcoin exchange-traded funds by investment firms, signalling a potential revival for the world’s largest cryptocurrency token by market capitalization. In fact, the daily trading volume for Bitcoin on cryptocurrency exchanges …

Spot Bitcoin ETF: A paradigm shift in the world of cryptos?
11 months, 1 week ago

Spot Bitcoin ETF: A paradigm shift in the world of cryptos?

Live Mint  

After a long wait, US markets regulator Securities and Exchange Commission finally gave a go-ahead to the spot bitcoin ETFs on Wednesday, a move that led to a massive jump in the bitcoin prices. The bitcoin surged nearly 6 percent since October on speculation that the spot bitcoin ETF would get the final approval in the early days of January. …

Crypto market swells by billions after ‘historic’ bitcoin moment
11 months, 1 week ago

Crypto market swells by billions after ‘historic’ bitcoin moment

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The crypto market hit a 21-month high on Thursday following a landmark decision …

Bitcoin holds firm after regulators approve ETFs
11 months, 1 week ago

Bitcoin holds firm after regulators approve ETFs

The Hindu  

Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with most of the products expected to …

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
11 months, 1 week ago

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

Associated Press  

NEW YORK — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply skeptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin. The agency said that would provide competition and a “level playing field.” Bitcoin ETFs could open the door to cryptocurrencies to …

Regulators are set to decide whether to OK a new bitcoin fund. Here's what investors need to know
11 months, 1 week ago

Regulators are set to decide whether to OK a new bitcoin fund. Here's what investors need to know

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a twist perhaps appropriate for the unpredictable crypto …

Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report
11 months, 2 weeks ago

Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report

Business Standard  

Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US’s first exchange-traded fund tied directly to the token. “We’re in for a massive week with one of the most significant events in crypto history taking place, the potential approval of a Bitcoin spot ETF,” eToro market analyst Simon …

Mint Explainer: What’s behind the surge in bitcoin prices
11 months, 2 weeks ago

Mint Explainer: What’s behind the surge in bitcoin prices

Live Mint  

After rising by more than 150% in 2023, the price of bitcoin surpassed $45,000 on the second day of 2024, to its highest level since April 2022. Bitcoin last rose to its all-time high of $68,789 in November 2021 and then fell to a low of $15,760 in December 2022 amid the collapse of FTX, the largest cryptocurrency exchange, and …

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022
11 months, 3 weeks ago

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022

Firstpost  

Bitcoin soared beyond $45,000 on Tuesday, marking its highest level since April 2022, as the world’s largest cryptocurrency kicked off the New Year on a strong note. Reaching a 21-month peak at $45,532, Bitcoin demonstrated a remarkable 156 per cent gain in the previous year, its most robust yearly performance since 2020. While the SEC has previously rejected several applications …

Bitcoin climbs above $45,000 for first time since April 2022
11 months, 3 weeks ago

Bitcoin climbs above $45,000 for first time since April 2022

The Hindu  

Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds. Investor focus has been squarely on whether the U.S. securities regulator will soon approve a spot bitcoin ETF, which would throw open the bitcoin …

Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?
1 year ago

Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?

Associated Press  

NEW YORK — Bitcoin is once again having a moment. Regulators have previously rejected bitcoin spot ETF applications, but recent wins for some crypto fund managers have improved odds for a first approval, perhaps as soon as next month. While analysts expect the potential approval of spot bitcoin ETFs to create a much larger pool of crypto investors, future volumes …

Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?
1 year ago

Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?

LA Times  

The price of bitcoin, the world’s largest crytocurrency, has risen 150% so far this year. Regulators have previously rejected bitcoin spot ETF applications, but recent wins for some crypto fund managers have improved odds for a first approval, perhaps as soon as next month. Although analysts expect the potential approval of spot bitcoin ETFs to create a much larger pool …

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher
1 year, 1 month ago

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher

Associated Press  

NEW YORK — Bitcoin is having another moment. A green light from federal regulators hasn’t arrived yet, but recent wins for some crypto fund managers with applications for bitcoin spot ETFs have improved odds for approval, perhaps in the coming months. Kaiko Research points to a brief spike in the price of bitcoin last week, for example, after crypto news …

Value of Bitcoin skyrockets again as US ETF launch enhances investor exposure
3 years, 2 months ago

Value of Bitcoin skyrockets again as US ETF launch enhances investor exposure

Firstpost  

The fund, which opened on 19 October, allows investors to speculate on the future value of Bitcoin without actually owning it. It is the first time investors have been able to trade an asset related to Bitcoin on the New York Stock Exchange London: Bitcoin’s journey into mainstream finance has reached another major milestone and another record price. The cryptocurrency …

Bitcoin ETF finally begins trading
3 years, 2 months ago

Bitcoin ETF finally begins trading

CNN  

New York CNN Business — Cryptocurrency investors finally got what they’ve been clamoring for as the first bitcoin-linked, exchange-traded fund launched Tuesday. “The ETF approval is a watershed moment for the industry,” Bitcoin Foundation chairman Brock Pierce said in a statement to CNN Business. “This moment is long-awaited, as numerous entrepreneurs and firms have sought approval from regulators since as …

Bitcoin investing could get boost from exchange-traded fund
3 years, 2 months ago

Bitcoin investing could get boost from exchange-traded fund

Associated Press  

NEW YORK — Interested in Bitcoin but don’t want to open a crypto trading account? ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. It doesn’t have a perfect track record, though: When the U.S. stock market fell nearly 34% at the start of the pandemic in 2020, Bitcoin lost roughly as much. The …

Bitcoin in red on October 17, but remains above $60,000 on US ETF fund approval nod
3 years, 2 months ago

Bitcoin in red on October 17, but remains above $60,000 on US ETF fund approval nod

Firstpost  

The SEC fuelled speculation of the imminent approval after writing the following advice on one of its accounts on Twitter: “Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.” Cryptocurrency prices continue to be in the red on 17 October. “An SEC Bitcoin ETF approval is a watershed moment …

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes
3 years, 2 months ago

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes

The Hindu  

Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The U.S. Securities and Exchange Commission is set to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported …

Bitcoin tops $60,000 as investors bet on ETF approval
3 years, 2 months ago

Bitcoin tops $60,000 as investors bet on ETF approval

CNN  

New York CNN Business — Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund. Cryptocurrency investors were excited by a tweet from the verified account of the SEC’s Office of Investor Education and Advocacy late Thursday that said, “before investing in a fund …

Bitcoin hits new all-time high of just under $20,000
4 years ago

Bitcoin hits new all-time high of just under $20,000

CNN  

New York CNN Business — Bitcoin just hit another milestone in its impressive 2020 run. “So many more individuals and asset managers are now buying in.” The amount of bitcoin currently in circulation is now worth more than $365 billion. Bitcoin also got a recent boost after a top strategist at BlackRock, the world’s largest asset management firm, suggested that …

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