BlackRock is launching the iShares Bitcoin Premium Income ETF (ticker BITA) tomorrow, offering institutional-grade Bitcoin income exposure. This new ETF competes directly with Strategy Inc.'s STRC and Bitmine's BMNP, providing investors more options for Bitcoin yield products. The launch coincides with the Federal Reserve's meeting under new Chair Kevin Warsh, where his comments on inflation and monetary policy could significantly impact Bitcoin and risk assets. Market watchers are particularly focused on whether Warsh signals transitory or persistent inflation, as well as any indication of quantitative easing, which historically boosts Bitcoin and gold prices.
Bitcoin's price decline in June has pushed about $8.6 billion of the $10.6 billion worth of bitcoin options expiring on June 26 out of the money, meaning most bullish bets are currently underwater. Only 20% of these options are profitable if exercise...
The U.S. Federal Reserve, under new Chair Kevin Warsh, is expected to keep interest rates steady in its first meeting, with markets closely watching the policy statement and press conference for hints on future hikes. Bitcoin could react positively i...
Ahead of the first Federal Open Market Committee (FOMC) decision under new Fed Chair Kevin Warsh, Bitcoin slipped below $65,000 and most cryptocurrencies softened, with traders focusing on Warsh's inflation outlook rather than immediate rate changes....
Bitcoin fell 1.28% to $65,545.74 while Ethereum rose 1.02% to $1,788.32 amid cooling trading volumes in spot, derivatives, and stablecoins. Most large-cap altcoins declined, and total crypto market cap stood near $2.25 trillion with reduced trading a...
A wallet linked to BitMEX co-founder Arthur Hayes purchased 1,400 ETH worth about $2.51 million, while another whale, geministar.eth, accumulated 32,278 ETH valued at roughly $57 million over two days. These large buys come amid a market dip and sugg...
