Author: bitcrypto.io
Recent trends on social media highlight a focus on Bitcoin ETFs, the Consumer Price Index, and inflation in the world of cryptocurrency. These topics are causing discussions and influencing decisions within the crypto community. The Bitcoin ETF, in particular, is drawing attention. There’s a growing prediction among investors and market watchers for the approval of a spot Bitcoin ETF. Many believe this move could dramatically elevate the crypto market, making it more accessible, especially to regulated financial institutions. Bitcoin declined, dropping more than 10% within a few hours on January 4,. A report from Matrixport, a financial services firm, dropped…
2023 was not just another year for the crypto industry. It was a year that saw a colossal inflow of over $2 billion into digital asset investment exchange-traded products (ETPs), a figure that more than doubled the investments of the previous year. This influx marked 2023 as the third largest year for net inflows since 2017, as per CoinShares data. The landscape buzzed with heightened activity, especially in the final quarter, suggesting investors’ growing confidence, possibly fueled by the SEC’s inclination towards Bitcoin spot-based ETFs in the United States. The Bitcoin Bonanza In this remarkable year for crypto, Bitcoin (BTC) emerged as the undisputed…
