Fidelity’s director of global macro, Jurrien Timmer, has shared some perspective on bitcoin’s price action by comparing it to gold during the 1970s, and noted charts suggest the cryptocurrency’s bullish phase may not be over. In a Twitter thread, Timmer revealed that bitcoin is an aspiring asset class “that looks to be coming of age, much as gold did during […]

On-chain crypto analytics firm CryptoQuant has revealed on social media that earlier this month a total of $131 billion worth of bitcoin were moved in a single day, with only 1% of that amount being deposits and withdrawals to cryptocurrency exchanges. The firm’s bitcoin exchanges fund flow ratio, which measures the ratio of BTC transactions “involving all exchange to BTC […]

Ethereum, the world’s second-largest cryptocurrency, has recently announced its much-awaited ‘London’ hard fork which is supposed to come with major changes in both transaction procedures and crypto mining issues. The change took place at 12:30 coordinated universal time or 8:30 Eastern Time. The London upgrade was eagerly awaited by investors all around the world as experts had warned about volatility […]

Grayscale has hired David LaValle as it looks to ramp up its ETF team, although it’s unlikely the SEC will approve the formation of a bitcoin ETF in the United States anytime soon. Lavalle, a former CEO at independent index provider Alerian will function as the global head of exchange-traded funds at Grayscale, the firm behind the largest cryptocurrency fund. […]

JPMorgan has reportedly joined forces with NYDIG to roll out a new private bitcoin (BTC) fund. Sources close to the bank have hinted that the fund, which is only available to clients of JPMorgan’s Private Bank, currently has no investors but the firm is seriously pitching the bitcoin investment vehicle to prospective investors, according to reports on August 5, 2021. […]

On-Chain crypto analyst Willy Woo predicts incoming volatility that could thrust Bitcoin’s price higher, taking out this year’s all-time high. According to the seasoned analyst, most of whose predictions have come to fruition noted that BTC’s dormancy had bottomed and expects the next bull cycle to be more aggressive. No Bear Market in Sight On Sunday, he shared a chart […]

A French investment manager, Melanion Capital, has gained approval to list a bitcoin equities Exchange Traded Fund (ETF) on Paris headquartered Euronext which has some €5.6 trillion in listed assets. The new Melanion BTC Equities Universe UCITS ETF will track the Melanion Bitcoin Exposure index, charging a fee of 0.75%. The Exposure index is made up of primarily bitcoin miners […]

In one of our recent reports, we highlighted the growing optimism that a cryptocurrency ETF might be approved by the US SEC this year based on the sentiments expressed by SEC commissioner and crypto enthusiast, Hester Pierce, who said the cryptocurrency industry was being treated unfairly and being judged by a higher benchmark than traditional markets in the issue of […]