U.S. Bitcoin and Ether funds attract $1.1 billion as institutional demand rises while ETF trading activity stays near multi-year lows.
Is Bitcoin switching to pure speculation? On Binance, futures contracts weigh eight times more than the spot market, revealing a market dominated by leverage.
U.S. spot bitcoin exchange-traded funds (ETFs) added $98.85 million on August 7, stretching their inflow streak to five straight trading days, while spot ether ETFs pulled in $49.60 million the same day for a fourth consecutive day of gains.
Bitcoin (BTC) is eyeing a potential breakout above the crucial $66,000 resistance level as spot ETF net inflows spike to $850 million in the first week of August.
The spot Bitcoin exchange-traded funds registered their third-strongest showing since October as institutional demand showed signs of renewed momentum.
China's M2 surge may carry little weight for a broader Bitcoin and crypto rally.
The upcoming Bitcoin hard fork known as ECX will not launch all at once on Aug. 23. Instead, its creator says the rollout will happen in three separate stages stretched across more than two months. Paul Sztorc, the developer behind the Drivechain proposal and BIP 300, announced the change in an Aug. 7 update.
In an institutional bear market, a Bitcoin ETF redemption is almost aggressively boring. An investor sells shares, an authorized participant returns a large block to the trust, and the fund either pays cash or transfers BTC.
Bloomberg analyst Eric Balchunas tied the run to the Coldcard wallet exploit, noting several Bitcoin funds have drawn inflows daily since the hack.
BTC is compressing near the mid-$60Ks as traders watch a major resistance cluster above and critical downside levels for the next move.
The digital asset manager's CIO says large capital pools control up to $200 trillion globally, and just a 1% shift toward bitcoin could unlock massive long-term growth.
On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve, and most of the attention went straight to the grand idea: America had built a digital Fort Knox, the government would stop selling Bitcoin, and Washington could perhaps add more without charging taxpayers.