Galaxy Digital CEO Michael Novogratz says he wouldn’t be surprised to see some corrections and consolidation in the crypto market before taking off to the new high. In a recent interview with Bloomberg, Galaxy Digital CEO Michael Novogratz highlighted the need for vigilance when dealing with Bitcoin (BTC) at present, indicating a possibility of short-term shifts in its trajectory. Expressing his...
The assets under management of Hong Kong’s largest futures Bitcoin exchange-traded fund (ETF) have soared by 500%, reaching the $100 million mark since October 2023. Hong Kong-based capital market firm CSOP Asset Management revealed in an interview with Reuters that its exchange-traded product CSOP Bitcoin Futures ETF has experienced a five-fold increase in assets under management (AUM) over...
Crypto industry experts examined how approving a Bitcoin (BTC) ETF in the U.S. accelerates institutional investment in cryptocurrencies and mass adoption of BTC. According to crypto.news reporter, at the Qatar Web Summit on Feb. 28, experts agreed that ETFs open Bitcoin to a new class of professional investors by providing regulated investment vehicles. The discussion was held between Animoca Brands CEO Robby...
A crypto trader shared why he believes Grayscale Bitcoin Trust is seeing a mass sellout. Grayscale Bitcoin Trust (GBTC) has been observed selling off its Bitcoin (BTC) holdings, with recent reports indicating that the firm recently moved $1.3 billion of Bitcoin to Coinbase. Pseudonymous crypto trader Ash Crypto explained that he believes that market forces are the...
