-
BTC ETF AUM could surpass Gold, expert says, amid enthusiasm for new investment funds
Gold’s pain “is like the cherry on top for Bitcoin fans,” Balchunas says, amid euphoria following BTC ETF launches. • Bitcoin price has nicked $53,000, a level last tested on December 3, 2021. • Almost $100 million in shorts have been liquidated in the process alongside nearly $12 million in long positions. In a landmark decision on January 10, the US Securities & Exchange Commission (SEC) approved multiple spot Bitcoin exchange-traded funds (ETFs) in a single go. Almost seven weeks down the line, the theme continues to drive the cryptocurrency market, giving investors the train to ride on as markets ... (full story)