American economist and gold bug Peter Schiff has interpreted the fact that the majority of the assets in the cryptocurrency industry are losing money as a sign that Bitcoin (BTC) is headed for collapse, issuing a particularly grim warning to owners of spot BTC exchange-traded funds (ETFs).
Read MoreShortly after the Bitcoin (BTC) halving, which was one of the biggest moments in the cryptocurrency world, American economist and gold enthusiast Peter Schiff persisted in questioning the viability of the main decentralized finance (DeFi) asset as a digital currency.
Read MoreThe fact that institutional investors and holders of Bitcoin exchange-traded funds (ETFs) have not realized much in their gains suggests that there won't be any selling pressure from this group in the near future. Was the Bitcoin decline below $60,000 the local low point? Bitcoin cost?
Read MoreFor some industry insiders, the much-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week marks a major turning point. Some caution that the optimistic event may be overshadowed by stronger market dynamics, such as ongoing inflation and geopolitical risk.
Read MoreAccording to CoinDesk Indices data, several Hong Kong issuers have announced that they have been licensed for spot cryptocurrency exchange-traded funds (ETFs). As a result, Bitcoin (BTC) has increased 2.8% in the last 24 hours, trading above $66,500, and ether (ETH) has climbed to $3,240.
Read MoreAs withdrawals from Grayscale's Bitcoin ETF (GBTC) have decreased, the price of Bitcoin (BTC) has risen above $67,000.
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