The financial services company T-Rex Group has recently made headlines by filing for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This particular financial vehicle is expected to be one of the most volatile ETFs in the country, if approved by the Securities and Exchange Commission. The fund, named ‘T-Rex 2X
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The prediction by analyst ‘RamenPanda’ suggests that there will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This scenario is based on historical examples, such as in 2008 when the Fed cut rates during a financial crisis but the markets reacted poorly, leading to
This Friday, a significant amount of Bitcoin options contracts will reach their expiration date, totaling around 107,000 contracts with a notional value of $6.6 billion. This end-of-month expiry event is much larger than the usual end-of-week expiries, potentially leading to increased market volatility. The put/call ratio of these contracts is 0.5, indicating that twice as
Bitcoin’s price performance has been a rollercoaster ride in recent days, with the asset surging to over $62,000 only to retract back below that level. Despite starting the week strong at over $64,000 after a quiet weekend, Bitcoin faced a massive sell-off that drove its price down to $58,400 within hours. However, the bulls quickly
With the upcoming launch of the first Ethereum ETFs in the United States, industry experts are speculating about the potential impact on Ethereum’s price in the market. The US Securities and Exchange Commission (SEC) is expected to approve these ETFs by July 4, leading to discussions reaching their final stages. According to insider sources, the
CleanSpark, a major player in the Bitcoin mining industry, recently made headlines with its acquisition of GRIID Infrastructure in a $155 million all-stock deal. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s operations, with an additional 400 MW expected to be added in Tennessee over the next two years. The merger required
The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, regarding the approval of spot Ethereum ETFs. This comes after these firms successfully launched spot Bitcoin ETFs in January, marking a significant milestone after years of regulatory struggles. The
The US spot Bitcoin ETFs are showing signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a recent uptick in activity that began on Tuesday. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days, signaling a potential cooling off
Recent events have shed light on the decline in Bitcoin’s price, with major sell-offs taking place, primarily instigated by governments such as Germany and the US. The German government’s sale of 2,786 BTC, valued at $140 million, and the US government’s transfer of 3,940 BTC to the Coinbase exchange, worth $241.22 million, have significantly impacted
Bitwise’s Chief Investment Officer, Matt Hougan, recently provided insights on the potential inflows that US Spot Ethereum ETFs could attract. In a note to investors, he projected that these funds could see $15 billion in net inflows within their first 18 months of trading. Hougan based his projection on the market capitalizations of Bitcoin and