Bitcoin Crypto Signals

💰 Spot bitcoin ETFs continue net inflows after a rough last pre-halving week After breaking a five-day streak of consecutive net outflows on Friday — when the foremost cryptocurrency's block rewards officially halved — spot bitcoin exchange-traded funds in the United States recorded another day of net inflows on Monday. The total net inflow for spot Bitcoin ETFs yesterday was just over $62 million, with the Fidelity Wise Origin Bitcoin Fund garnering the most significant single-day net inflow at $34.83 million, according to data from SoSoValue. Source https://t.me/Bitcoin_Crypto_Signals

💰 Bitcoin’s halving fails to stem $206 million outflows as investors shift to altcoins like Polkadot Crypto-related investment products saw their second consecutive week of outflows in April, with roughly $206 million leaving the market, per CoinShares‘ recent weekly report. Despite Bitcoin’s recent halving, which typically generates excitement in the market, investor interest in the leading digital asset remained subdued, evidenced by outflows totaling $192 million. Source https://t.me/Bitcoin_Crypto_Signals

💰 BlackRock Spot Bitcoin ETF Surpasses MicroStrategy, Holds $18B in 273,596 BTC The global investment management firm now boasts an impressive stash of 273,596 BTC, valued at a staggering $18 billion, all earmarked for its spot Bitcoin exchange-traded fund (ETF). This significant accumulation positions BlackRock spot Bitcoin ETF as a formidable force in the market, overshadowing competitors and solidifying its status as a major player in the cryptocurrency investment arena. Source https://t.me/Bitcoin_Crypto_Signals

💰 Mt Gox: Euphoria Hits Community As New Repayment Date Comes Into View Mt Gox may be nearing the final stage of its much-anticipated repayment process to its creditors as the community recently took to Reddit to celebrate the new updates on its website. One Reddit user dubbed Due_Career_4786 stated that the Mt Gox website went down a few days ago due to some suspected technical discrepancies. He precisely mentioned that the glitch was a function of an ongoing update being carried out on the platform. Source https://t.me/Bitcoin_Crypto_Signals

💰 JPMorgan CEO Jamie Dimon: Bitcoin Is a Fraud, There's No Hope for BTC as a Currency JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors to steer clear of the cryptocurrency, also expressed that he doesn’t want to tell anyone what to do. “It’s a free country,” he emphasized. Source https://t.me/Bitcoin_Crypto_Signals

💰 Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares. Source https://t.me/Bitcoin_Crypto_Signals

💰 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees. Source https://t.me/Bitcoin_Crypto_Signals

💰 Bitcoin network completes the fourth-ever ‘halving’. The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. https://t.me/Bitcoin_Crypto_Signals

💰 Binance CEO Richard Teng says this Bitcoin halving is 'unique' due to recent significant events Binance CEO Richard Teng said that this year’s Bitcoin halving comes amid a positive backdrop for the cryptocurrency and the wider market in general. “In addition to the ETF breakthrough, which has spurred institutional interest and participation, another major current in crypto today is the boom of the Layer 2 and DeFi activity on the Bitcoin network, fueled by the popularity of the Ordinals protocol and Bitcoin inscriptions,” he added. Source https://t.me/Bitcoin_Crypto_Signals

💰 Bitcoin Halving: Goldman Sachs Downplays Impact of 'Buy the Rumor, Sell the News' Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded funds (ETFs), “which combined with the self-reflexive nature of crypto markets is the primary determinant for spot price action.” Source https://t.me/Bitcoin_Crypto_Signals