Bitcoin recently broke a new all-time high of above $126,000. And this was perhaps one of the most unexpected rallies in recent memory, catching season traders and retail investors completely offguard. But just as the champagne was being popped, a familiar question emerged from the market chaos.Was that the top. Was it. Or is this just the beginning of a truly parabolic move. Just the beginning.Well, today we're going to cut through the noise. We'll break down exactly what happened, why it was so unexpected ...

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Spot Bitcoin ETF trading volume surpassed $5 billion on October 1 as the cryptocurrency broke through $120,000, posting a 10% weekly gain from late September lows around $109,000. Institutional investors drove the rally with $676 million in net inflows on October 1, with BlackRock’s iShares Bitcoin Trust recording $405 million and Fidelity acquiring 1,570 BTC valued at $179 million in a single day. Bitcoin surpassed $120,500 today with trading volume exceeding $50 billion across all markets. Source: Tr ...

Investors expecting U.S. Securities and Exchange Commission approvals for a range of exchange-traded funds tracking various altcoins will have to wait longer, as the partial government shutdown lingers. The regulator said that it would "not review and approve applications" for products or provide other "non-emergency support to registrants" during the closure, as outlined in a contingency operations plan highlighted on its website. The SEC is currently reviewing more than 90 applications for ETFs based ...

BlackRock Inc.’s iShares Bitcoin Trust has overtaken Coinbase Global Inc.’s Deribit platform as the largest venue for Bitcoin options, underscoring how the center of gravity in digital-asset markets is shifting from offshore platforms to Wall Street https://t.co/SMmQT7kYza ...

Group 1 - Bitcoin has provided significant returns, with an investment of $500 five years ago now worth approximately $5,238, representing over 10x returns [1] - The strong performance of Bitcoin is attributed to its growing popularity, especially among institutional investors, and a more accommodating regulatory environment [2] - The emergence of Bitcoin ETFs and a supportive environment for cryptocurrency growth have been key catalysts for its success [4][5] Group 2 - Investment in Bitcoin has become easier due to the growth of cryptocurrency exchanges and the availability of purchasing options through platforms like PayPal and Block's Cash App [5] - The regulatory landscape has improved, allowing banks to act as cryptocurrency custodians, which enhances the overall accessibility for investors [5] - Despite Bitcoin's strong performance, the Motley Fool Stock Advisor has identified 10 stocks that they believe could yield better returns than Bitcoin in the coming years [3][4]

Group 1 - Bitcoin and Ethereum ETFs attracted $1.9 billion in inflows over the past week, driven by investor optimism regarding the Federal Reserve's first rate cut this year and the potential for more cuts [1] - Bitcoin accounted for the majority of the inflows, with net deposits totaling $977 million, primarily into the iShares Bitcoin Trust and BlackRock's Bitcoin fund, which alone attracted $866 million [1] - Year-to-date assets under management for crypto funds reached $40.4 billion, indicating a trajectory to match or slightly exceed last year's inflows of $48.6 billion [2] Group 2 - Strong demand was noted for exchange-traded products linked to XRP and Solana, with inflows of $69.4 million and $127.3 million respectively, highlighting institutional interest in SOL [3] - Grayscale's Digital Large Cap Fund began trading, providing exposure to major cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, and Cardano, weighted by market capitalization [4] - Despite positive sentiments from the previous week, liquidations for Dogecoin, Solana, and Ethereum reached $1.7 billion due to declining prices [4] Group 3 - Market predictions for Ethereum fluctuated, with users previously confident it would rise to $5,000 before dropping to $3,500, but recent market pullbacks have created uncertainty [5] - As of the latest update, Ethereum was trading at $4,206.41, reflecting a 6% decrease in the past day [5]

Core Viewpoint - The U.S. Securities and Exchange Commission (SEC) has approved new generic listing standards for commodity-based trusts, potentially paving the way for a broader range of crypto products beyond Bitcoin and Ethereum [1][4]. Group 1: New Standards and Implications - The new standards allow trusts that meet specific criteria to list without requiring a separate SEC order, facilitating quicker qualification for commodity or crypto-linked products [1][4]. - The SEC's rules aim to prevent fraudulent activities and enhance market transparency and investor protection, contributing to a more open market system [3][4]. Group 2: Market Impact and Future Expectations - Analysts estimate that approximately 12 to 15 additional cryptocurrencies could soon be approved for listing, indicating a significant expansion in the crypto ETF market [2][4]. - The SEC's action is seen as a catalyst for the largest growth of crypto ETFs since the introduction of spot Bitcoin products, with Solana and Litecoin expected to lead the next wave of approvals [4][5].

Group 1 - Ripple's XRP may receive its first spot ETF approval, with Bloomberg analysts predicting the SEC will approve the REX-Osprey XRP ETF on September 18 [1] - The REX-Osprey XRP ETF is structured as a regulated investment company under the 1940 Investment Act, allowing for a faster approval process of 75 days compared to the typical 240 days for other spot crypto ETFs [4] - The proposed ETF will charge a management fee of 0.75%, significantly higher than the 0.25% charged by the iShares Bitcoin Trust, and will hold 20% in cash and cash alternatives, with 40% in other XRP ETFs [5] Group 2 - There are currently seven other spot XRP ETFs awaiting SEC approval, with decisions expected in October or November, suggesting investors may benefit from waiting to compare options [6] - The unique structure of the REX-Osprey XRP ETF may impact investor returns, indicating it may not be the best choice among available options [8]

The iShares Bitcoin Trust could soar in the years ahead as more asset managers and companies buy Bitcoin.In the second quarter, the hedge fund billionaires listed below added to their positions in the iShares Bitcoin Trust (IBIT 1.23%), an exchange-traded fund (ETF) issued by BlackRock designed to track the spot price of Bitcoin (BTC -0.29%).Israel Englander of Millennium Management added 3.8 million shares of the iShares Bitcoin Trust, increasing his stake 22%. The BlackRock ETF ranks among his top-15 hold ...