China News Official TheBitTimes.com

Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost. Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval. That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption. Tapiero: Mass capital inflows "about to hit" Bitcoin As excitement over the potential go-ahead for a U.S. Bitcoin spot price ETF grows, BTC price action has reacted in kind. As BTC/USD hit 18-month highs, meanwhile, institutional tides are already showing signs of shifting. Open interest on CME Group’s Bitcoin futures markets — the classic institutional venue for BTC derivatives — passed that of Binance for the first time this week. For Tapiero, this is a watershed moment. “Now begins the renewed drumbeat of ‘ institutional adoption’ of Bitcoin,” he announced on Nov. ...

CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active large holders surged to a record 122 during the week of Oct. 31, signaling a growing institutional interest in Bitcoin. Notably, the Bitcoin CME futures premium reached its highest level in over two years. In neutral markets, the annualized premium typically falls within the 5% to 10% range. However, the latest 15% premium for CME Bitcoin futures stands out, indicating a strong demand for long positions. This also raises concerns as some may be relying on the approval of a spot Bitcoin exchange-traded futures ...

ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm's spot BTC ETF application. The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal Register, the latest delay for the regulator determining whether to approve or disapprove of a spot crypto ETF in the United States. ARK originally filed to list the ETF in May, giving the SEC a maximum of 240 days — until January 2024 — to reach a final decision. “The regulated market of significant size test does not require that the spot bitcoin market be regulated in order for the Commission to approve this proposal , and precedent makes clear that an underlying market for a spot commodity or curren...

AI could prove to be a boon for investors looking for gains in today's “unusual” market. Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force ” that could create significant returns for investors in today’s “unusual” market. In its mid-year outlook report, the BlackRock Investment Institute detailed their thesis for increased investment in AI — pointing to multiple “disruptive” themes that could see the sector grow rapidly over the coming years. S&P market cap vs relative performance from 1990. Source: BlackRock. The report drew special attention to the fact that gains in the S&P 500 — the index that tracks the 500 largest companies in the United States — have become increasingly concentrated in a handful of tech stocks. The firm says investment in AI is a good way to capitalize on this concentration. "We think this unusual equity market shows a mega force like AI can be a big driver of retur...