Altcoins News
By Pankaj K
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Bitcoin ETFs got hammered hard. The cryptocurrency's brutal slide on February 6 sent shockwaves through investment products tied to the digital asset, with futures-based funds…
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ProShares Bitcoin Strategy ETF dropped 6.6% in a single session, mirroring Bitcoin's nasty decline that pushed prices down to around $40,000.
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Traditional finance firms are keeping their cards close to their chest. Fidelity, one of the major players pushing crypto ETFs, didn't respond when reached for comment about…
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The SEC's regulatory stance hangs over everything like a dark cloud, though officials haven't dropped any new bombshells lately.
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Grayscale Bitcoin Trust saw its discount to net asset value balloon to nearly 20% on February 5.
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VanEck's Bitcoin Strategy ETF can't catch a break either.
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The fund launched with big expectations but it's been getting crushed along with everything else Bitcoin-related.
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ARK Invest's Cathie Wood made waves on February 4 by buying more Bitcoin shares despite the carnage.
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Chicago Mercantile Exchange reported Bitcoin futures trading volumes jumped on February 6 as traders tried to capitalize on the chaos.
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MicroStrategy CEO Michael Saylor doubled down on his Bitcoin bet during February 3 earnings, revealing the company still holds over 130,000 coins despite the recent pain.
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Coinbase saw Bitcoin trading activity surge 15% compared to the previous week as of February 6.
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Federal Reserve's decision to hold rates steady on February 2 added another wrinkle to the situation.
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Binance temporarily halted Bitcoin withdrawals on February 6 due to technical issues, adding to the day's stress.
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Square's CFO Amrita Ahuja reaffirmed the payments company's Bitcoin commitment on February 5, saying they still view it as key to their financial strategy despite the volatility.
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Marathon Digital Holdings reported decreased mining output on February 4 as network difficulties rose.
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