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Digital asset markets surged 80% in the months that led up to the approval of spot Bitcoin exchange-traded funds, but ETH is trailing behind.
The London Stock Exchange will start accepting applications for bitcoin and ether crypto exchange-traded notes (ETNs) in the second quarter of this year.Such crypto ETNs would allow investors to trade securities that track crypto assets on the exchange.
The price of bitcoin has risen above the $70,000 price point.This is the second time this has happened in its history.
According to data from BitMEX, BlackRock’s IBIT now has nearly 198,000 BTC, outpacing MicroStrategy’s holdings.
Institutions representing “trillions of dollars” in assets are expected to buy into spot Bitcoin ETFs by June this year, says Bitwise chief investment officer Matt Hougan.
- 21:25CME November Bitcoin Call Options Notional Value Exceeds $350 MillionJoshua Lim, co-founder of cryptocurrency broker Arbelos Markets, says the Bitcoin derivatives market on the Chicago Mercantile Exchange (CME), which is a favoured venue for established, traditional institutional participants, has experienced some of its busiest days recently. Data shows that over the past week, the notional value of November BTC calls exceeded $350 million, with a breakeven price of around $79,300 at expiry at the end of November, meaning these traders are expected to profit from next month's rise in BTC prices. ‘This could be a good sign that liquidity in the crypto derivatives market will grow as the asset class matures’, Joshua Lim said.
- 21:24Biden will attend the US presidential inauguration, no matter who winsBiden will attend the US presidential inauguration, no matter who wins, White House press secretary Pierre said.
- 21:23MicroStrategy to Raise $42 Billion to Buy More Bitcoin Over the Next 3 YearsMicroStrategy has announced its Q3 2024 financial results, and as of the end of Q3, the company held 252,220 BTC, with a year-to-date BTC yield of 17.8%. The company also announced a $42 billion capital plan, with the announcement stating that under the leadership of Executive Chairman Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds over the next three years, and use the additional capital to purchase more Bitcoin as a financial reserve asset in order to realise higher BTC returns. MicroStrategy's most recent disclosure came in mid-September, when the company announced that it had purchased 7,420 bitcoins for $458.2 million, which brought its holdings to 252,220 bitcoins.
