JKchicken
2 Following
18 Followers
20 Liked
0 Shared
See original
On January 8, according to data from Coinglass, the total open interest of Bitcoin futures contracts on the network reached 651,130 BTC, equivalent to approximately 62.9 billion USD. This indicates a significant interest from investors in Bitcoin at this time.
Among them, CME's Bitcoin futures contracts hold the top position with open interest reaching 180,120 BTC, equivalent to approximately 17.37 billion USD. This underscores CME's important role in providing a transparent and secure cryptocurrency trading space for institutional investors.
The open interest of Bitcoin futures contracts on Binance reached 127,520 BTC, equivalent to approximately 12.32 billion USD, ranking second on the list. Binance continues to be a leading exchange, offering flexible access for both retail and institutional traders.$BTC
Among them, CME's Bitcoin futures contracts hold the top position with open interest reaching 180,120 BTC, equivalent to approximately 17.37 billion USD. This underscores CME's important role in providing a transparent and secure cryptocurrency trading space for institutional investors.
The open interest of Bitcoin futures contracts on Binance reached 127,520 BTC, equivalent to approximately 12.32 billion USD, ranking second on the list. Binance continues to be a leading exchange, offering flexible access for both retail and institutional traders.$BTC
See original
BlackRock’s Bitcoin ETF has seen more than $37 billion in net inflows through 2024, outpacing its competitors, according to data from Farside Investors.
In a Dec. 31 post on its X platform, Farside said BlackRock’s iShares Bitcoin Trust (IBIT) has seen three times more inflows than the second-place fund, Fidelity Wise Origin Bitcoin Fund (FBTC), which has attracted nearly $12 billion in inflows this year.
As the world’s largest asset manager, BlackRock also leads the way in Ether ETF inflows. According to Farside, the iShares Ethereum Trust (ETHA) has attracted $3.5 billion in net inflows through 2024.$BTC $ETH
In a Dec. 31 post on its X platform, Farside said BlackRock’s iShares Bitcoin Trust (IBIT) has seen three times more inflows than the second-place fund, Fidelity Wise Origin Bitcoin Fund (FBTC), which has attracted nearly $12 billion in inflows this year.
As the world’s largest asset manager, BlackRock also leads the way in Ether ETF inflows. According to Farside, the iShares Ethereum Trust (ETHA) has attracted $3.5 billion in net inflows through 2024.$BTC $ETH
See original
This increase will be driven by the growing adoption among large companies and countries. The report predicts that five Nasdaq 100 companies and five countries will add Bitcoin to their balance sheets, driven by the need for diversification strategies and trade payments.
"The competition among countries, especially non-aligned nations, those with large sovereign wealth funds, or even countries hostile to the US, will drive the adoption of mining strategies or the acquisition of Bitcoin in other ways," Galaxy Research stated.
Bitcoin is also expected to continue to attract attention in investment markets. Bitcoin spot exchange-traded funds (ETFs) in the US could manage a total of over $250 billion in assets, reinforcing BTC's role as a leading alternative asset. By 2025, its market capitalization could rival 20% of gold's valuation, affirming its position as a top-performing investment.
"The competition among countries, especially non-aligned nations, those with large sovereign wealth funds, or even countries hostile to the US, will drive the adoption of mining strategies or the acquisition of Bitcoin in other ways," Galaxy Research stated.
Bitcoin is also expected to continue to attract attention in investment markets. Bitcoin spot exchange-traded funds (ETFs) in the US could manage a total of over $250 billion in assets, reinforcing BTC's role as a leading alternative asset. By 2025, its market capitalization could rival 20% of gold's valuation, affirming its position as a top-performing investment.
See original
So great
$XRP Holders, Did You Know If $BTC test 85k support then what happened ? It will create Elephant Pattern Drop ! With Red Long Trunk . Current XRP pattern confirmed this is going to happen soon. Because Xrp is in sideways and making body of elephant bigger and bigger. Be Prepared for XRP profit taking bearish rally.
Login to explore more contents