LATEST: Top 10 Bitcoin ETFs Among 25 New Launches This Year

Bitcoin ETFs have carved out a dominant position among the top exchange-traded funds launched in 2024, showcasing their burgeoning appeal among investors. This year, 10 of the 25 most significant ETF introductions were Bitcoin-focused, commanding massive inflows. The iShares Bitcoin Trust ETF topped the list with a staggering $21.54 billion in year-to-date flows. Close on its heels, the Fidelity Wise Origin Bitcoin Fund attracted nearly $9.84 billion, with ARK 21Shares Bitcoin ETF not far behind at approximately $2.64 billion.

Other notable Bitcoin ETFs included the Bitwise Bitcoin ETF and the Valkyrie Bitcoin ETF, which saw inflows of $2.11 billion and $535 million, respectively. These numbers not only illustrate a clear shift towards cryptocurrency as a viable investment but also reflect the growing mainstream acceptance of Bitcoin within the broader financial landscape. This trend underscores the cryptocurrency’s resilience and its increasing integration into traditional investment portfolios, promising further growth and diversification of financial assets in digital spaces.

LATEST: JPMorgan Predicts Rising US Election and Geopolitical Tensions Boost Bitcoin, Gold

As geopolitical tensions and the impending U.S. presidential election stir market uncertainties, JPMorgan highlights a potential boost for both bitcoin and gold. According to their latest research, the ‘debasement trade’—favoring assets resistant to currency debasement—could strengthen, especially if Donald Trump secures the presidency. Trump’s approach, including tariffs and expansive fiscal policies, could significantly benefit bitcoin through both regulatory support and increased geopolitical strain.

The report outlines that the markets have yet to fully price in Trump’s potential re-election, with current investments leaning heavily towards traditional recession strategies rather than betting on a Trump win. However, JPMorgan recalls the economic shifts observed during the 2016 elections, where U.S. Treasury yields, the dollar, and domestic equities, particularly banks, saw notable gains. They suggest a similar trend could unfold, further energizing bitcoin and gold investments amidst a volatile political climate.

The Positive End To 2024 For Bitcoin

As 2024 comes to a close, Bitcoin investors are eagerly eyeing the final quarter of the year, traditionally known for positive price action. With many speculating that a bullish rally may be on the horizon, let’s break down the historical data, analyze trends, and weigh the possibilities of what BTC’s price action might look like by the end of this year.

Historical Performance of Bitcoin in Q4

Looking at the past decade on the Monthly Returns Heatmap, Q4 has frequently delivered impressive gains for Bitcoin. Data shows that BTC often finishes the year strong, as evidenced by three consecutive green months in 2023. Not every year follows this trend however, 2021 and 2022 were less…

Read more on BitcoinMagazine

Bitcoin Magazine Introduces New Short Form Opinion Format: Takes

Every author has their own voice.

At Bitcoin Magazine, we’ve long been advocates of elevating the voices from the Bitcoin community. As the premier publisher of Bitcoin opinion content, we continually amplify the various perspectives from across the industry, whether they’re those of major CEOs or humble stackers.

That said, the Bitcoin Magazine brand has often relied on a more unified (or classical) editorial voice in its publication. We’re now taking steps to change that, by introducing a new article type called “Takes”.

Takes are short articles about an idea, trend, blog post, person, company, product or proposal in the Bitcoin space, on which the authors give their (indeed)…

Read more on BitcoinMagazine

No, You Won't Find Out Who Satoshi Nakamoto Is Next Week

As a longtime Bitcoiner, I had to roll my eyes when I saw HBO release a trailer for an upcoming documentary, teasing to reveal Satoshi’s identity. Speculation arose that it would reveal who is Satoshi Nakamoto. After seeing many half-baked attempts to “unmask” Satoshi over the years, I’m certain this latest one won’t provide definitive proof either.

If you’ve been in Bitcoin long enough, you know the drill — someone claims they know or are Satoshi,…

Read more on BitcoinMagazine

Imprisoned Binance exec a ‘legendary’ crypto crime investigator

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter.

Happy Fri-yay!

It’s been a weird week as we not only clean the skeletons out of our closets but also prepare for the last few months of the year. 

But no one’s had a worse week than ETH, which is down 10% so far this week (though things are starting to look up today). So much for a bullish start to Q4. 

All that aside, there are some bullish trends on the horizon. For example, Permissionless is just a few sleeps away and there’ll be plenty of folks weighing in on where we go from there with a healthy sprinkle of what’s making…

Read more on Blockworks