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Bitcoin’s New ‘Millionaire’ Wallets Lag Despite BTC’s All-Time High: Research

Could slower Bitcoin millionaire wallet growth signal early bull market stages and pending peak capital inflows?

Cryptopotato·2024/03/12 11:31

BlackRock’s IBIT spot bitcoin ETF amasses 200,000 BTC in two months

BlackRock’s IBIT spot bitcoin ETF has exceeded 200,000 BTC in assets under management after just two months of trading.The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now total more than 420,000 BTC.

The Block·2024/03/12 11:29

Ark Invest sells an additional $69 million worth of Coinbase shares in one day

Cathie Wood’s Ark Invest offloaded another 270,365 Coinbase shares on Monday — worth $68.7 million.COIN has surged 10% over the past week to reach the highest level since December 2021.

The Block·2024/03/12 10:14

Bitcoin has 6 months until ETF 'liquidity crisis' — New analysis

Bitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, one analyst says.

Cointelegraph·2024/03/12 09:16

Thailand allows asset firms to access spot bitcoin ETFs for professional investors: report

Thailand’s Securities and Exchange Commission has permitted firms to launch funds for investing in U.S. spot bitcoin ETFs. The country’s asset management firms are now allowed to offer funds with exposure to spot bitcoin ETFs for institutional investors.

The Block·2024/03/12 08:52

Grayscale Sees Huge Bitcoin ETF Outflow, But Record Inflow for VanEck

The world’s largest crypto asset manager is still hemorrhaging Bitcoin with the largest outflow recorded this month, however other funds are inflowing more.

Cryptopotato·2024/03/12 08:01

Bitcoin miner revenue hits all-time high amid price surge

Daily bitcoin mining revenue surpassed its previous 2021 high over the weekend, The Block data showed.

The Block·2024/03/12 06:48

Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows

The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.

Cointelegraph·2024/03/12 05:58

XRP Price Soars 18% as Bitcoin Witnesses New All-Time High

Coinedition·2024/03/12 05:46

Trump cites merchandise sales in apparent bitcoin U-turn

This represents a change in course for Trump, who previously told the BBC that bitcoin “seems like a scam.”

Blockworks·2024/03/12 05:25

Flash

20:16

Reuters: SpaceX's IPO Attracts Over $250 Billion in Investment Demand

BlockBeats News, June 10th - According to Reuters, Elon Musk's SpaceX IPO has attracted over $250 billion in investment demand, with an oversubscription ratio of 3.5 to 4 times, far exceeding its planned fundraising of $75 billion. Long-term funds have submitted large subscription orders, and Musk himself briefly attended part of the investor Zoom roadshow. SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended an institutional investor luncheon hosted by Morgan Stanley in Manhattan on Tuesday, meeting with around 300 institutional investors. The IPO pricing is expected to be finalized this Thursday afternoon. SpaceX's roadshow materials emphasize three major growth engines: Starlink, AI, and space data centers, with the company stating that the potential market size for its AI business could reach as high as $23 trillion. The company stated that by deploying data centers in space, it can overcome the capacity limitations of ground infrastructure and fill the US computing power gap. This IPO comes during a period of high market volatility, with the Nasdaq index recording its largest single-day drop in over a year on Friday, and Bitcoin having fallen 37% from its January peak. Some analysts believe that investors selling off other assets to participate in the SpaceX IPO may be one of the reasons for the recent market correction.

20:00

Goldman Sachs and Barclays Warn: Last Friday's Sharp Decline in US Stocks Should Not Be Dismissed as a One-Time Anomaly

On June 10, the trading departments of Barclays and Goldman Sachs issued a warning that last Friday's sell-off caught investors, accustomed to momentum stocks only going up, off guard. However, investors should not easily dismiss it as a one-time anomaly. Factors such as crowded positions, narrow market breadth, and the prospect of interest rates remaining high for an extended period make the US stock market more susceptible to sudden pullbacks. Goldman Sachs trader Lee Coppersmith and others wrote in a report to clients: 'These factors together create an environment where the impact of factor trading unwinding may be far more severe than the volatility levels indicated at the index level.' Alexander Altmann, head of global equity tactical strategy at Barclays, stated that following last Friday's sharp decline, volatility-controlled funds may need to reduce their US stock allocations by about 14 percentage points. This would represent the largest single-day de-risking operation since February 6.

17:04

「White-Haired Stock God」 List Plunges, Top Pick Stock SIVE Drops by 14.4%

BlockBeats News, June 10th, according to Bitget market data, the "White-Haired Stock God" Serenity's recommended stock list suffered a crash, with its heavy-weight recommended stock SIVE dropping by 14.4%; others including AXTI dropping by 15.2%, AEHR dropping by 10%, AAOI dropping by 17%, HPS.A dropping by 6.7%, SOI dropping by 10.4%, NVTS dropping by 13.8%, NBIS dropping by 6.5%.

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