Hedge funds reduced their exposure to U.S. spot Bitcoin ETFs by 39% in the first quarter, contributing to a 17% overall decline in professional investors' Bitcoin ETF holdings as Bitcoin prices fell 22%. Brokerages also cut holdings significantly, while banks increased their exposure. The pullback reflects typical investor behavior during market downturns. Regulatory progress in the U.S. remains a key factor that could boost digital asset adoption and improve investor sentiment going forward.
Bitcoin fell to around $63,000 as cryptocurrency markets declined sharply, triggered by a $400 billion capital rotation into AI-related investments and over $1.74 billion in liquidations within 24 hours. Data showed nearly 290,000 traders were liquid...
Michael Saylor's Strategy Inc. reported a historic $10.8 billion unrealized loss on its Bitcoin holdings, drawing sharp criticism from financial commentators like Jim Cramer and Peter Schiff. The company recently sold 32 Bitcoins for the first time s...
Kalshi has introduced CFTC-regulated Ethereum perpetual futures in the United States, following its recent launch of Bitcoin perpetual futures. These new "American Perpetuals" allow U.S. traders to access regulated, leveraged Ethereum exposure withou...
Cryptocurrency markets saw a broad decline with major coins like Bitcoin dropping 3.67% to $63,317 and Ethereum falling 3.10% to $1,764.97. Other notable coins such as Binance Coin, Solana, and Cardano also experienced significant losses. Stablecoins...
Solana's price fell to a multi-year low around $69.97, down over 6.8% in 24 hours and 18.3% monthly, following a broad crypto sell-off triggered by Bitcoin dropping toward $61,300. This led to $1.6 billion in leveraged liquidations, pushing Solana be...
