Key Highlights Bitcoin fell 5.9% between Nov. 5 and Nov. 12 while the Nasdaq 100 gained 6.4%. Bitcoin order-book depth across major exchanges dropped to $72 million on Nov. 9, about 33% below normal levels. US spot Bitcoin ETFs recorded billions of dollars in net outflows during multiple consecutive trading sessions. Bitcoin Weakness Deepens as ...
Key Highlights Bitcoin rebounded from about $58,600 as institutional demand returned and US spot Bitcoin ETFs shifted to net inflows. ETF demand, reduced leverage and improving on-chain metrics have strengthened Bitcoin’s market structure, but heavy supply between $84,000 and $86,500 remains a major obstacle. Bitcoin enters its historically strongest quarter while Treasury yields remain above ...
BlackRock and Bitwise Slash Minimums for In-Kind Bitcoin-to-ETF Conversions BlackRock has reduced the minimum transaction size for converting privately held Bitcoin into shares of its iShares Bitcoin Trust (IBIT) from $25 million to $1 million, a 96% cut confirmed to Bloomberg in July. Bitwise followed with an even steeper reduction, lowering its floor from an ...