Bitcoin investment product inflows topped $1B as BTC rallied to $66K CoinShares report

Investors piled into Bitcoin investment funds and crypto ETPs, with more than $1 billion in inflows over the last week.

View Details

New Web3 wallet rolls out decentralized crypto inheritance

DeTrust Wallet will enable the creation of complex inheritance plans, including designated spending funds.

View Details

Japanese firm Metaplanet to invest $58.76M in Bitcoin

Metaplanet Inc allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japans market volatility.

View Details

Crypto has more potential than stocks, real estate Kraken survey

Over 70% of survey respondents prefer coins like Bitcoin, while the rest indicated an interest in emerging coins and memecoins.

View Details

Bitcoin investment fund opens doors to EU citizenship

A new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin.

View Details

Corporate adoption is in amateur league despite Bitcoin ETFs

Corporations could pave the way toward more mainstream crypto industry trust, according to the co-founder of Trust Square.

View Details

Bitcoin investment inflows hit $1B as long-term holders accumulate

Inflows to crypto Bitcoin funds top $1 billion as BTC price remains stuck in a range below all-time highs.

View Details

Strong Bitcoin ETF inflows boost BTC stability, says Bitfinex

The Bitcoin ecosystem recorded consistent high daily closes, massive BTC outflows from crypto exchanges and inflows into the spot Bitcoin ETF market.

View Details

Grayscale Bitcoin ETF nullifies $66.9M inflows in 2 days

Grayscales Bitcoin ETF saw substantial investment outflows that surpassed the $66.9 million it had attracted just a few days earlier.

View Details

Alabama Moves Toward Bitcoin Investment with New Bill

HB482 concerns Bitcoin investments in Alabama. With bipartisan support, the bill would give the state a lead in cryptocurrency adoption and blockchain innovation.

View Details

Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

The post Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes appeared first on Crypto Breaking News.

View Details

Gold vs. Bitcoin: This investment protects you better in the coming financial crisis!

Should you buy gold or bitcoin right now to protect your wealth? Let's take a look at Gold Vs. Bitcoin in more detail.

View Details

Bitcoin or Stocks – Where to invest your Money TODAY?

In this article, we examine the benefits and drawbacks of Bitcoin and stocks, as well as the types of investors that should invest in each.

View Details

Grayscale launches dividend-earning bitcoin investment product

As the cryptocurrency industry navigates the latest leg of the market downturn, leading digital assets platform Grayscale is offering a new investment product for the market.

The company’s crypto news published today 6 October announced a private co-investment vehicle that will leverage opportunities in the bitcoin mining industry.

Grayscale has unveiled a product that will offer investors exposure to bitcoin mining hardware – with the target being to tap into the upside potential of the mining sector.

The digital asset manager’s new product is packaged under the Grayscale Digital Infrastructure Opportunities LLC, or GDIO.

“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles.”

According to Sonnenshein, the launch of GDIO is part of Grayscale’s long term commitment to providing the market with products that help lower the barriers to crypto investing. The firm already offers direct exposure to digital assets and diversified thematic products, with the GDIO’s offering the latest to hit the market.

Grayscale is partnering with Foundry, a staking infrastructure platform that’s, like Grayscale, a subsidiary of bitcoin and blockchain-focused venture firm Digital Currency Group.

Foundry will help GDIO manage its day-to-day operations, with investors’ money used to purchase mining equipment. The platform will then use the mining hardware to mine bitcoin via its USA pool. Investors will then be eligible to get a cash dividend of the earned BTC, Sonnenshein told Yahoo Finance.

The product will be available to qualified individual and accredited institutional investors, including hedge funds, family offices and others not able to access direct crypto exposure.

The post Grayscale launches dividend-earning bitcoin investment product appeared first on Invezz.

View Details

Top 3 Reasons why is Bitcoin a Good Investment for the Future

What are the key reasons for the extremely good Bitcoin forecast? Let's look at the reasons as to why is Bitcoin a good investment.

View Details

Crypto Fund Inflows Recovered, But Whales Are Back to Exchanges

Digital asset investment products are seeing slight inflows after the consequent 3-week pull back.

Continue reading Crypto Fund Inflows Recovered, But Whales Are Back to Exchanges at DailyCoin.com.

View Details

Crypto Funds Recovered, But Whales Are Back to Exchanges

Digital asset investment products are seeing slight inflows after the consequent 3-week pull back.

Continue reading Crypto Funds Recovered, But Whales Are Back to Exchanges at DailyCoin.com.

View Details

World’s Largest Asset Manager BlackRock Launches Spot Bitcoin Private Trust

After announcing it would enable bitcoin trading services, $10 trillion BlackRock now offers spot bitcoin exposure to institutions in a private trust.

View Details

Bitcoin Drops To 18-Months Lows, Has The Market Seen The Worst Of It?

Bitcoin is once again leading the market in the most recent descent into the red. This has seen the pioneer digital asset fall to 18-month lows and it has taken the rest of the market down with it. In such climes, it is usually advised that investors remain calm but that is easier said than done. Bitcoin which looked poised to visit the mid-2020 levels has not formed any kind of support and as such the market continues to wonder if the worse is yet to come. More Bitcoin Dumps Incoming? With the current bitcoin prices, it is now well below its 50 and 100-day moving averages. This has cemented the bearish trend for the digital asset, regardless of any positive performance over the next few days. In fact, there is every possibility that the price of the digital asset will most likely dump to 2017 all-time high levels before there is a recovery in this regard. Related Reading | Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows It is also important to note that it was said that the cryptocurrency had been at oversold levels, hinting at fatigue on the part of sellers. However, recent trends have shown that this was not the case. Rather, it had been a setup for even worse sell-offs.  Due to this, it is most logical to view the market from the point of view of a prolonged bear market. Yes, there may be some merit to buying the red right now but if previous bear markets have taught investors anything, it is the fact that it can always get worse. BTC price dumps to $23,000 level | Source: BTCUSD on TradingView.com Also taking into account that previous bear markets have seen the price of the leading digital assets dump about 90% in the past. Even with the recent decline, Bitcoin and Ethereum still remain above these levels. This means that if they were to dump completely to follow previous trends, then there might be more pain ahead for investors. Investor Sentiment In the Gutter With the decline in the price of bitcoin had come great fear. This has seen the Fear & Greed Index dip toward historical levels. The reading on the index currently stands at 11, one of the lowest it has been in recent times. This indicates that investors do not want to put money in the market. Instead, they are looking to sell off, even at a loss, to mitigate further losses.  One thing to note, however, is what times like these have bred in the past. When most retail investors are scared to go into the market, larger investors tend to take advantage of this fear and play it for their own gain. Buying up large quantities of BTC, causing the price to spike once more. Related Reading | Bitcoin Open Interest Falls As Price Dips Below $31,000 This puts the whales in automatic profit. But there is also a risk to following these trends because the spike in price brought about by such large buys can be easily lost. In such cases, prices have been known to decline even more compared to their previous points. In markets like this, caution needs to be applied to every move made. This is the bedrock of any investing strategy. Bitcoin’s volatility is legendary and true to form, the volatility can swing either way, causing profits or losses. Featured image from Forbes, chart from TradingView.com Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

View Details

Argentine Banks Offer Cryptocurrency Purchase and Investment Options

Banco Galicia and Brubank, will allow its clients to make investments in Bitcoin and other cryptocurrencies.

Continue reading Argentine Banks Offer Cryptocurrency Purchase and Investment Options at DailyCoin.com.

View Details