The Currency analytics
By Pankaj K
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…
ProShares Bitcoin Strategy ETF dropped 6.6% in a single session, mirroring Bitcoin's nasty decline that pushed prices down to around $40,000.
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…
The SEC's regulatory stance hangs over everything like a dark cloud, though officials haven't dropped any new bombshells lately.
Grayscale Bitcoin Trust saw its discount to net asset value balloon to nearly 20% on February 5.
VanEck's Bitcoin Strategy ETF can't catch a break either.
The fund launched with big expectations but it's been getting crushed along with everything else Bitcoin-related.
ARK Invest's Cathie Wood made waves on February 4 by buying more Bitcoin shares despite the carnage.
Chicago Mercantile Exchange reported Bitcoin futures trading volumes jumped on February 6 as traders tried to capitalize on the chaos.
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.
Coinbase saw Bitcoin trading activity surge 15% compared to the previous week as of February 6.
Federal Reserve's decision to hold rates steady on February 2 added another wrinkle to the situation.
Binance temporarily halted Bitcoin withdrawals on February 6 due to technical issues, adding to the day's stress.
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.
Marathon Digital Holdings reported decreased mining output on February 4 as network difficulties rose.