Month: August 2024

Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients, reflecting the growing acceptance of bitcoin […] Source: https://news.bitcoin.com/morgan-stanleys-15000-financial-advisors-can-start-pitching-bitcoin-etfs-to-clients-next-week/

JPMorgan, one of the largest investment banks, has predicted that silver prices will soar in 2025, led by different factors including an increase in demand from the expected monetary shifts and silver’s value as an inflation hedge. The price action, expected to reach $36 per ounce, will also be aided by supply constraints. JPMorgan Expects […] Source: https://news.bitcoin.com/jpmorgan-expects-silver-prices-to-soar-in-2025/

U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a strategic reserve. The bill proposes the U.S. government acquire a significant bitcoin reserve to bolster the U.S. dollar and pay down national debt, aiming to position the U.S. as a global leader in financial innovation. Senators […] Source: https://news.bitcoin.com/us-senators-flooded-with-2200-letters-advocating-bitcoin-as-strategic-reserve/

On Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s net inflow of $26.7 million, as indicated by recent data. Meanwhile, Grayscale’s Ethereum Trust (ETHE) has seen a reduction of over $2 billion in ethereum since July 23. U.S. Ether ETFs Shed $54.27 Million on Friday The […] Source: https://news.bitcoin.com/grayscales-ethe-hemorrhages-2-billion-in-just-9-trading-days/

Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple inaccuracies and misrepresents how the platform operates. The fine […] Source: https://news.bitcoin.com/whatsapp-warns-it-may-leave-nigeria-over-order-to-pay-a-220-million-fine/

QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish Macro Sentiment In its recent market note, QCP Capital observed that […] Source: https://news.bitcoin.com/qcp-capital-bitcoin-price-drop-due-to-supply-surge-and-macroeconomic-woes/