Bitcoin
BTC
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Bitcoin prices erased the 2022 price crash and rose to more than $70,000 per Bitcoin on the back of the BlackRock-led Bitcoin ETF boom (although the Federal Reserve may have created a perfect storm).
Wall Street's claims of a Bitcoin ETF leak say a revolution in Bitcoin prices is on the horizon, as traders bet the looming Bitcoin halving could cause price turmoil There is intense speculation on social media.
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The price of Bitcoin has soared this year, breaking its previous high of $69,000 per Bitcoin. … [+]
Banking major Morgan Stanley
M.S.
Eric Balciunas, a respected ETF analyst at Bloomberg Intelligence, said: “I've heard from reliable sources that no stock has yet added any Bitcoin ETFs to their holding pattern. A game of compliance chicken. So, one of us moves first, and then we wait for the rest to be covered.” answered. “So it's probably going to be a moment that happens all at once, but it's [the question]. ”
Total inflows into more than a dozen new spot Bitcoin ETFs this week reached $12.2 billion, according to data from Coinglass, which is led by the world's largest asset manager BlackRock and investment giant Fidelity. Last week, there was a leak suggesting that a Hong Kong Spot Bitcoin ETF may be trying to spark a Bitcoin price boom in China.
Last month, Matt Hogan, chief investment officer at Bitcoin ETF issuer Bitwise, announced that the news agency would open Bitcoin ETFs to individual investors, hedge funds and independent financial advisors, moving beyond ETF approval in 2016. predicted that an “even bigger” wave would hit Bitcoin's price. January.
Meanwhile, Wall Street giant Citi, Goldman Sachs
G.S.
Authorized participants in a Bitcoin ETF can create and redeem shares in the ETF and exchange them for a corresponding basket of securities or cash.
Bank involvement means that “a major company now wants some action and/or is currently OK with a public relationship with a bank.”[ith] This” Balchunas Posted To X.
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The price of Bitcoin soared to an all-time high this year with the backing of BlackRock and a number of startups. … [+]
Alongside the excitement over Bitcoin ETFs, crypto traders are also keeping an eye on Bitcoin's April supply cut, known as the halving, when new Bitcoin inflows will be cut in half in just two weeks. .
“As the Bitcoin market continues to mature, future halvings may play out differently than we have seen in the past,” Ben Weiss, CEO of CoinFlip, said in an emailed comment. ” he said.
“Factors such as the successful approval of a Bitcoin ETF by major institutions such as BlackRock and upcoming elections could also impact the price of Bitcoin. Similar to the recent ETF approval, people are looking forward to the upcoming halving. Bitcoin believers will likely buy Bitcoin in advance as expectations grow.”
