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💰 Public Bitcoin miners underperform BTC and other proxies year-to-date
Bitcoin mining stock CleanSpark (CLSK) has gained 18% year-to-date, falling short of Bitcoin’s 121% rise over the same period. Analyst Caleb Franzen of Cubic Analytics highlights this discrepancy, questioning the effectiveness of investing in mining stocks for higher exposure to Bitcoin’s performance.
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💰 Cboe unveils cash-settled spot Bitcoin options tied to ETF index
Cboe Global Markets is set to launch the first cash-settled options tied to the price of spot Bitcoin (BTC), with trading set to begin on Dec. 2, according to a Nov. 22 press release. The landmark product aims to provide investors with exposure to spot Bitcoin price movements without directly holding the crypto. The launch comes days after US regulators gave Bitcoin options the final greenlight earlier this month.
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💰 Bitcoin dominance hits 57% as its price rises past the $90,000 level
Bitcoin's market dominance has reached a year-to-date high of 57%, reflecting bitcoin's growing share of the total cryptocurrency market capitalization. Bitcoin recently set a new all-time high above $90,000, contributing to the broader crypto market cap reaching $3 trillion. This level of dominance marks a significant shift from the previous cycle's low of 39% during the DeFi boom in May 2021.
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💰 Crypto funds see $2.2 billion inflow, pushing 2024 total to $33.5 billion
Last week, digital asset investment products saw $2.2 billion in inflows, reflecting a broader market uptrend driven by Donald Trump’s recent victory at the just-concluded US presidential election. In the first half of the week, inflows peaked at $3 billion, lifting total assets under management (AUM) to an all-time high of $138 billion. However, Bitcoin’s record price performance during the period prompted an outflow of around $866 million, resulting in a net inflow of $2.2 billion.
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💰 Michael Saylor says bitcoin is 'Manifest Destiny' for the US amid Red Wave, with $100K NYE party plans underway
MicroStrategy co-founder and Executive Chairman Michael Saylor said bitcoin is “Manifest Destiny” in the United States, reflecting on the Republican U.S. election sweep, potential new pro-crypto Securities and Exchange Commission Chair and MicroStrategy’s plans to acquire another $42 billion worth of BTC.
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💰 BlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 days
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets. On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).
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🪙 Ethereum Foundation reports crypto holdings of $788M, tightens conflict of interest policy for staff members
The Ethereum Foundation's financial report for this year revealed that it holds $970.2 million in cryptocurrencies and non-crypto assets as of Oct 31, 2024. The EF noted that it holds $788.7 million in crypto assets, 99.45% of which are held in ether, representing 0.26% of the total ether supply as of the end of October 2024. According to the report, it holds $181.5 million in non-crypto investments and assets.
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💰 US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal. He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.
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💰 Bitcoin predicted to hit $100k by Inauguration Day amid record pre-market equities trading
Bitcoin’s new all-time high of $75,000 following Donald Trump’s 2024 US presidential election win reflects heightened market optimism and anticipation of potential policy shifts favorable to digital assets. According to a report by digital asset custodian Copper.co, Bitcoin’s upward trajectory may continue into the new year.
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💰 Solana saw its highest monthly active addresses, surpassing 120 million in October
Solana had its highest-ever monthly number of active addresses, over 123 million, last month. According to The Block's data dashboard, the number of unique addresses that signed transactions across Solana increased by over 42% from September's figure. The network had less than 12.7 million active addresses in January this year.
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💰 21Shares files S-1 application for an XRP ETF
Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. Coinbase, the largest crypto exchange in the US, would serve as the fund’s custodian.
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💰 Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO
Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies.
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🪙 Vitalik Buterin says The Purge can help reduce Ethereum’s complexity and storage requirements
One of the problems of Ethereum, or any blockchain, is that it grows in size over time. This means an increase in the complexity of its code and its storage requirements. A blockchain must retain all the data throughout its history which needs to be stored by all clients and downloaded by new clients. This leads to a constant increase in client load and sync time.
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💰 MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply
MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset. On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the US Securities and Exchange Commission (SEC)— equates to an average price of $97,862 per Bitcoin.
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💰 Institutions using Bitcoin to support pension funds, adding BTC to loans
Newmarket Capital has completed a loan that combines traditional real estate financing with Bitcoin collateral, introducing a novel approach to lending reported on CNBC’s “Squawk Box” on Nov. 22. The loan refinances a 63-unit multifamily property in Philadelphia and incorporates 20 Bitcoin into the collateral package.
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💰 Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on Nov. 19. On Nov. 19, ARK’s ARKB led with inflows of $267.3 million, followed by Fidelity’s FBTC with $256.1 million and BlackRock’s IBIT with $216.1 million. These figures represent substantial increases from the previous day, where IBIT and FBTC recorded inflows of $89.3 million and $60 million, respectively.
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💰 Spot Bitcoin ETF options set to debut this week following OCC approval, analysts predict
The Office of the Comptroller of the Currency (OCC) stated in a Nov. 18 memo that it is “preparing for the clearance, settlement, and risk management” of options trading on BlackRock’s spot exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). Alison Hennessy, head of ETP listings at Nasdaq, said during an appearance on Bloomberg that the exchange intends to list and trade options on IBIT “as soon as tomorrow.”
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💰 Bitcoin futures break records with 29% OI surge in November
Bitcoin’s futures open interest grew from $34.68 billion on Oct. 1 to an all-time high (ATH) of $54.85 billion on Nov.14. This increase of over 58% since the start of October and 29% since the beginning of November shows a significant influx of capital and increased trader participation.
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💰 US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billion
US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin’s pseudonymous creator Satoshi Nakamoto’s stash, estimated at 1.1 million BTC.
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🇩🇪 The German government missed out on $1.6 billion by selling its 💰 bitcoin early
The German government missed out on up to $1.6 billion by selling its bitcoin four months ago, just before a big rally spurred on by Donald Trump’s victory in the United States presidential election. In July, the German government sold 50,000 bitcoin for $2.88 billion as part of the plan to offload bitcoin seized from the now-defunct film piracy website Movie2K. The average price of the sale was $57,600.
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🇺🇸 ETF FLOWS UPDATE (Nov. 7):
17,990 $BTC and 29,270 $ETH were bought from ETFs:
BTC ETFs: $1.3B net inflows
ETH ETFs: $79.7M net inflows
#bitcoin #ethereum #ETF #crypto
https://x.com/Crypto_Inside_/status/1854769489436434909?t=CbQMD_oiMrt1LB6wLorT0w&s=19
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💰 Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI
Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.
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🇷🇺 Russia's Sweeping Crypto Mining Regulations Take Effect, Setting Strict New Rules
On Nov. 1, the Russian government introduced a regulatory framework for cryptocurrency mining, marking the implementation of a law signed by President Vladimir Putin in August and published shortly before these rules took effect. The law formally defines mining as a legal activity in Russia, laying out security and operational requirements for miners and creating a structure for trading digital financial assets on specially approved platforms.
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💰 Canary Capital joins Solana ETF race amid rising investor demand
Canary Capital filed for a spot Solana ETF with the Securities and Exchange Commission (SEC) on Oct. 30, seeking to establish a US-based spot Solana (SOL) exchange-traded fund. The fund, titled the Canary Solana ETF, is designed to “provide exposure to the price of Solana (‘SOL’) held by the Trust,” according to the S-1 registration statement. Canary Capital did not specify a custodian or administrator in the filing.
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💰 Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off
The price of bitcoin may surge ahead of the U.S. elections on November 5, but analysts caution that a sell-off could occur in the days following the election results, regardless of the winner. "Profit-taking could weigh on the price of bitcoin in the days following the result announcement, yet dip buyers should maintain support strong below $60,000," Tyr Capital Chief Investment Officer Edouard Hindi told The Block.
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💰 Bitcoin call options see surge in demand for first expiry after US election, Deribit CEO says
Derivatives traders are positioning for a bullish trajectory for bitcoin in the days after the U.S. election on Nov. 5, according to Deribit CEO Luuk Strijers. He added that data shows there are twice as many bitcoin call options as put options set for the Nov. 8 options expiry, the first expiry following the U.S. presidential election. Strijers added that the forward implied volatility is 72.29%, which indicates a potential price swing of around 3.78% in the days following the presidential election.
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💰 Institutional interest soars as CME bitcoin futures open interest sets new all-time high
As of Oct. 18, open interest (OI) on Bitcoin futures traded on the Chicago Mercantile Exchange (CME) has reached a new all-time high of over $12.26 billion. This figure is up over 36% in the last two weeks and more than 3.5% higher than its previous all-time high, set in April. The surge in OI in recent weeks represents a sharp increase from previous levels seen during the summer. It is the highest recorded figure since April 1, when CME OI was at $11.84 billion.
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