BTC Tumbles Below $44K, Bitcoin Miners Drop 10% Boosting ETF 'Sell the News' Calls
Bitcoin (BTC) dropped to near $43,000, a fall of 6%, after the debut of spot bitcoin ETFs.
Cryptocurrency-adjacent stocks, including bitcoin miners and Coinbase, also saw significant declines in their stock prices.
Previous landmark events in the cryptocurrency industry, such as Coinbase's listing and the debut of futures-based bitcoin ETFs, have been followed by cooling prices. [ more ]
Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33
CME bitcoin futures open interest reached a record high of $6.2 billion as institutions anticipate a spot bitcoin ETF approval.
K33 Research predicts that if a spot-based bitcoin ETF is approved, investors will quickly unwind their positions, leading to a decrease in open interest and premiums. [ more ]
BTC Tumbles Below $44K, Bitcoin Miners Drop 10% Boosting ETF 'Sell the News' Calls
Bitcoin (BTC) dropped to near $43,000, a fall of 6%, after the debut of spot bitcoin ETFs.
Cryptocurrency-adjacent stocks, including bitcoin miners and Coinbase, also saw significant declines in their stock prices.
Previous landmark events in the cryptocurrency industry, such as Coinbase's listing and the debut of futures-based bitcoin ETFs, have been followed by cooling prices. [ more ]
Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33
CME bitcoin futures open interest reached a record high of $6.2 billion as institutions anticipate a spot bitcoin ETF approval.
K33 Research predicts that if a spot-based bitcoin ETF is approved, investors will quickly unwind their positions, leading to a decrease in open interest and premiums. [ more ]