Need to know everything that’s happening around spot Bitcoin ETF approvals? Here is the latest news on daily trends and events surrounding the anticipated ruling.
As a decision on Bitcoin (BTC) exchange-traded funds (ETFs) nears, aspiring crypto businesses, investors and regulators are taking definitive steps to best prepare for the unknown.
Total weekly outflows from various Bitcoin short investment products have exceeded $1 million, and the Crypto Fear and Greed Index has tipped into the “extreme greed” zone. Moreover, Standard Chartered has predicted Bitcoin will reach $200,000 by 2025 if the spot BTC ETF gets approved.
While digital asset investment products, or exchange-traded products (ETPs), saw inflows of $151 million in the first week of 2024, outflows from Bitcoin short positions totaled over $1 million.
