VanEck has slashed its fees for the HODL exchange-traded fund (ETF), the VanEck Bitcoin Trust down to 0.20% from 0.25% according to a recent filing submitted to the Securities and Exchange Commission.
Senior Researcher at Leverage Shares, Sandeep Rao, believes that Coinbase’s dominant market position as “the dominant venue for all things crypto” faces a new challenge. In a recent interview with Cryptonews, Rao warned that the company’s medium-to-long-term performance could suffer as newly launched Bitcoin spot ETFs like BlackRock and Fidelity compete for trading volume.
In a week marked by a 20% surge in Bitcoin’s price, BTC currently trades around $52,000, demonstrating modest growth and maintaining its position as the market leader with a valuation exceeding $1 trillion.
More than 100 hospitals in Romania were affected by a crypto ransomware attack on Tuesday, the National Cyber Security Directorate (DNSC) confirmed. The unidentified perpetrators have demanded 3.5 Bitcoin (BTC), or about $180,000, to decrypt the data.
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) said it has seen a rise in the number of Bitcoin transactions used in connection with human trafficking and online child exploitation cases.
Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished investors’ hopes for imminent interest rate cuts.
The notional open interest, which represents the dollar value locked in active Bitcoin (BTC) futures contracts, has surged to its highest level in more than two years.
The recent US SEC-approved Bitcoin ETFs collectively netted $1.1 billion in inflows last week, according to a new report by European crypto asset manager CoinShares.
MicroStrategy executive chairman and co-founder Michael Saylor, said there is over a decade of pent-up demand for Bitcoin exchange-traded funds, in an interview with CNBC.
A key gauge of investor sentiment, the Crypto Fear & Greed Index, currently signals strong bullish sentiment and increased risk appetite among investors.