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European investors cannot invest in US BTC ETF (SpotedCrypto)

European investors cannot invest in US BTC spot ETF

"EU (European Union) investors will not be able to invest in a BTC spot ETF, even if it is approved in the U.S. Instead, there are Bitcoin ETP/ETC products in Europe," said Patrick Hansen, head of EU regulation at USDC Issuer Circle. However, even the largest

GBTC BTC 500M Top 1% of ETFs (SpotedCrypto)

GBTC's daily trading volume approaches $500 million...Top 1% of ETFs.

Eric Balchunas, a Bloomberg ETF analyst, said of the analysis. In this regard, he added: "If GBTC's conversion to a spot ETF is successful along with all the issuers that have applied for a bitcoin spot ETF, a full-scale battle for market share will begin. However, the

BTC Network Fundamentals Strongest (SpotedCrypto)

BTC Network Fundamentals Strongest Since 2017

Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X: "The media has attributed bitcoin's 150% rise over the past year to anticipation of a spot ETF launch. However, BTC's network fundamentals, along with new use cases like inscription, are the strongest they'

BTC whale buy $77.1m in 2 days (SpotedCrypto)

Two specific whale addresses buy $77.1 million worth of BTC in 2 days.

According to Spot on Chain, two specific whale addresses have bought 1,755 BTC (worth $77.1 million) on Binance in the past two days. "The specific address (starting with bc1pj) bought 1,750 BTC at an average price of $43,953 and now holds 4,750 BTC (worth

Mercari, a Japanese secondary trading platform, will accept payments in BTC

Starting this June, Mercari, a Japanese secondary trading platform, will accept payments in BTC.

Customers can select BTC as a payment method on the website, and Melcoin, Mercari's cryptocurrency subsidiary, will convert the BTC into yen for payment. According to the media, Merukari is Japan's largest second-hand trading platform, with 22 million monthly active users as of July 2023. It

5 Key Considerations for BTC Spot ETFs This Week

5 Key Considerations for BTC Spot ETFs This Week

Nate Geraci, CEO of U.S. ETF specialist ETFstore, shares his top five observations on this week's BTC spot ETF developments. 1, Fee competition is an important issue, with Fidelity currently offering the lowest fee at 0.39%. Invesco, on the other hand, charges 0.59% but has

CoinShares CSO Meltem Demirors believes unlikely sell on the news (SpotedCrypto)

CoinShares CSO believes that the approval of a BTC spot ETF is unlikely to lead to a 'sell on news' event.

According to Meltem Demirors, chief strategy officer at cryptocurrency investment fund Coin Shares, the approval of a BTC spot ETF is unlikely to result in a 'sell on the news' event. Demirors noted that $243 million flowed into crypto ETP products in the last week of last year,