Spot bitcoin ETF debut week inflows lagged 2021 BTC futures launch: CoinShares

Inflows into crypto investment products jumped above $1 billion last week as the long-awaited US spot bitcoin ETFs hit the market. The mark, however, was not a record. 

Crypto investment product inflows hit nearly $1.2 billion last week, a Tuesday CoinShares report found — up from about $150 million the week before. The total amounts to more than half the $2.2 billion of crypto product inflows seen during all of 2023. 

Last week’s $1.2 billion showing did not break all-time highs though, as the October 2021 week when ProShares’ Bitcoin Strategy ETF (BITO) launched saw roughly $1.5 billion in crypto inflows.

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Net outflows from Grayscale’s Bitcoin…

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The Bitcoin Halving: Why This Time Could Be Different

The fourth Bitcoin halving is almost upon us, and this one has the potential for some very interesting surprises. This halving marks the reduction of the Bitcoin supply subsidy from 6.25 BTC every block to 3.125 BTC per block. These supply reductions occur every 210,000 blocks, or roughly every four years, as part of Bitcoin’s gradual, disinflationary approach to its final capped supply in circulation.

The finite supply of 21 million coins is a, if not the, foundational characteristic of Bitcoin. This predictability of supply and inflation rate has been at the heart of what has driven demand and belief in bitcoin as a superior form of money. The regular supply halving is the mechanism…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Celestia: Market Cap of $3.0 Billion.
  2. Sei: Market Cap of $1.9 Billion.
  3. Bitcoin: Market Cap of $835 Billion.

MIDCAP COINS:

  1. Xai: Market Cap of $286 Million.
  2. Prosper: Market Cap of $15.6 Million.
  3. Balancer: Market Cap of $229 Million.

RISING COINS:

  1. Troll: Market Cap of $104 Million.
  2. Steamboat Willie: Market Cap of $6.54 Million.
  3. Pepe: Market Cap of $501 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Miner Extractable Value (MEV) and Programmable Money: The Good, The Bad, and The Ugly

The core of Bitcoin’s security model relies on this basic game theory—miners, armed with their digital pickaxes, are in a relentless chase for profit. And it’s this pursuit that keeps the network secure. Basic vanilla mining involves producing blocks to earn the block rewards and transaction fees, but have you ever considered that miners might have other ways to extract value from the blockchain beyond this standard mining process? Are there other avenues for profit on the blockchain where miners can leverage their unique position as validators?

What is MEV?

In proof-of-work systems, “Miner Extractable Value” (MEV) is a term that describes the profits miners can earn by…

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LATEST: ‘Crypto Bill of Rights’ Takes Center Stage in U.S. Presidential Race, Earns Cardano Founder’s Support

Charles Hoskinson, the founder of Cardano, has expressed support for Vivek Ramaswamy’s “Crypto Bill of Rights,” a groundbreaking proposal in the cryptocurrency realm. Ramaswamy, a recent U.S. presidential contender, suggests a transformative approach to crypto regulation. His key proposition, as summarized by MetaLawMan, a crypto lawyer, is that crypto policies should be explicitly enacted by Congress, not regulators.

Ramaswamy advocates for most cryptocurrencies to be classified as commodities and emphasizes transparency in government token classifications. He champions the public’s right to self-custody digital assets, keeping them out of regulators’ reach. Additionally, he argues for stablecoin issuers to have access to Federal Reserve facilities, akin to banks.

Ramaswamy’s bold stance includes a plan to restructure the SEC, which he views as a barrier to the crypto industry’s growth. Despite suspending his campaign after a fourth-place finish in the Republican primaries, he continues to be a vocal proponent for the crypto sector, aligning with Donald Trump to present his vision for America’s future, with a special focus on cryptocurrency.

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BlackRock Bitcoin ETF | New Ad Campaign

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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Samson Mow | Max Pain Theory And $1M Bitcoin

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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Bitcoin ETF Will Attract Massive Inflow

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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The Freedom Festival 2024: Securing Personal Liberty and Sovereignty

Attending a Bitcoin meetup like The Freedom Festival can be a game-changer for deepening your understanding and connection with the Bitcoin community. Here’s why:

Networking with Like-minded Individuals: Meetups bring together people with a shared interest in Bitcoin. This presents a great opportunity to build connections, exchange experiences, and learn from others navigating the Bitcoin ecosystem. 

Learning Opportunities: Meetups often feature discussions, presentations, and Q&As on various Bitcoin-related topics, ranging from technical aspects to practical advice. It’s an effective way to stay informed about the latest developments and trends in the Bitcoin space.

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LATEST: Cryptocurrency Giants Binance and Gulf Innova Now Start Trading in Thailand

In a landmark move, Binance, the world-renowned crypto exchange, and Gulf Innova, a branch of Gulf Energy Development, have officially opened Binance Thailand for trading. This venture marks a significant step in Thailand’s journey towards becoming a major force in global digital finance. Nirun Fuwattananukul, CEO of Gulf Binance, expressed gratitude and excitement about the launch, highlighting the extensive collaborative efforts with Thai regulators to ensure a meticulously planned platform.

Binance TH is set to revolutionize digital asset exchange in the country, offering Thai baht trading pairs and seamless integration with local banks. It also collaborates with Binance Kazakhstan to provide brokerage services, all under the watchful eye of Thailand’s SEC. Richard Teng, CEO of Binance, emphasized the venture’s commitment to security, transparency, and high-quality service. He underscored the transformative potential of blockchain technology and digital assets in fostering financial inclusion, positioning Thailand as an emerging leader in digital finance.

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