The Bitcoin Fund (TSX:QBTC.U), an exchange-traded fund (ETF) operated by Canadian digital asset manager 3iQ that trades on the Toronto Stock Exchange, has cracked the $100 million milestone.
The Bitcoin Fund currently has 7.51 million stocks outstanding, according to 3iQ. Following its 4.14% increase in the
Bitcoin has broken strongly higher over the past few days after consolidating in the low-$11,000s. The leading cryptocurrency currently trades above $12,000, which has been highlighted by analysts as an important level of technical resistance.
It isn't clear what exactly is driving Bitcoin higher in
Bitcoin's surge past $13,000 has not gone unnoticed by the mainstream media. CNBC brought on Meltem Demirors, CSO of CoinShares, then billionaire Wall Street investor Paul Tudor Jones to talk about the cryptocurrency after the rally.
In Tudor Jones' interview on Thursday morning, the hedge fund
Bitcoin's surge past $13,000 has not gone unnoticed by the mainstream media. CNBC brought on Meltem Demirors, CSO of CoinShares, then billionaire Wall Street investor Paul Tudor Jones to talk about the cryptocurrency after the rally.
In Tudor Jones' interview on Thursday morning, the hedge fund
The Bitcoin Fund (TSX:QBTC.U), an exchange-traded fund (ETF) operated by Canadian digital asset manager 3iQ that trades on the Toronto Stock Exchange, has cracked the $100 million milestone.
The Bitcoin Fund currently has 7.51 million stocks outstanding, according to 3iQ. Following its 4.14% increase in the
Bitcoin has broken strongly higher over the past few days after consolidating in the low-$11,000s. The leading cryptocurrency currently trades above $12,000, which has been highlighted by analysts as an important level of technical resistance.
It isn't clear what exactly is driving Bitcoin higher in
Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle.
Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure
Throughout 2020, net outflows on cryptocurrency
Core to Bitcoin's role as an investment is its scarcity. With a disinflationary supply curve and a maximum supply of 21 million coins, the cryptocurrency derives much of its value from being scarce. Models such as those created by analysts like Plan B suggest this much is true.
Macro investor Raoul Pal is adamant that Bitcoin will undergo exponential growth this cycle.
In an interview with investment publication Stansberry Research last week, the former head of Goldman Sachs' hedge fund sales division said that Bitcoin is likely to reach a price of $1 million in the coming
Announced Friday morning, OKEx has frozen all withdrawals, from bitcoin to altcoin withdrawals. OKEx is a leading digital asset exchange that has processed over $3.35 billion in volume in the past 24 hours, data suggests.
The company says that one of its "private key holders" is currently
According to Hans Hauge, Head of Quantitative Strategy at Ikigai Asset Management, publicly traded companies now hold bitcoin worth as much as Bitcoin's entire market capitalization in April 2016.
In a tweet, Hauge said that "in April of 2016 #Bitcoin's market cap was $6.8
