💰 Bitcoin ETF Hype Dies Down, Normalcy Sets In

The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust (GBTC). On last Friday and again on Monday, Fidelity’s Wise Origin Bitcoin Fund (FBTC) had inflows of $0, breaking its streak of daily additions that started at launch on January 11. That leaves BlackRock’s iShares Bitcoin Trust (IBIT) as the only spot bitcoin ETF left that's experienced an unbroken string of inflows since the vehicles began trading.

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💰 Bernstein expects bitcoin’s bullish trajectory to resume post-halving, reiterates $150,000 target

Analysts at research and brokerage firm Bernstein expect bitcoin to resume its bullish trajectory post-halving, reiterating their target of $150,000 by the end of 2025. This view mirrors that of Bloomberg ETF analyst Eric Balchunas, who told The Block last month that making the spot bitcoin exchange-traded funds accessible on significant wirehouse platforms — which he identified as looking after between $7 trillion and $10 trillion in assets.

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🇭🇰 Hong Kong’s Bitcoin, Ethereum ETFs projected to hit $1 billion in assets within two years

Bloomberg analysts have revised previous inflow predictions for Hong Kong’s newly approved Bitcoin and Ethereum exchange-traded funds (ETFs) to $1 billion within the first two years. Bloomberg senior ETF analyst Eric Balchunas had previously estimated the funds to garner roughly $500 million in inflows over a similar period due to doubts over Chinese investor eligibility and a lack of maturity in the Hong Kong ETF market.

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💰 Bitcoin mining firm Foundry plans to redistribute halving 'epic sat' proceeds

Foundry Digital’s USA Pool Team said it will distribute profits to its members if the pool mines the first satoshi in the halving block, according to an email screenshot posted by The Mining Pod host Will Foxley on X. “We’ve taken the steps to isolate the epic sat if Foundry USA Pool does mine this block, and we will make reasonable efforts to monetize it and distribute 100% of the proceeds to our pool members,” the team said in the email.

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💰 URPD metric indicates a lack of liquidity for Bitcoin below $60,000

Bitcoin experienced a 4% rally on April 18, bouncing back from just below $60,000 on April 17. CryptoSlate has identified $58.8k as a major support level — which is the short-term holder realized price (STH RP) that has previously acted as support during bull runs. If Bitcoin drops below the support level, it could signal a bearish trend, similar to the breach of STH RP in May 2021 that kicked off the bear market.

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💰 Bitcoin halving interest higher than ever with under 12 hours left to go

With less than 12 hours remaining until the next Bitcoin halving, online interest in the event has hit its highest rate, according to detailed tracking information provided by blockchain analytics platform Santiment. Santiment is tracking social volume and dominance around the event, with volume spiking to its second-highest level ever and dominance reaching a new all-time high at 3.87% of crypto social activity.

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BREAKING: 💰 Bitcoin halving officially complete.

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💰 Bitcoin ushers in fourth halving as miners' block subsidy reward drops to 3.125 BTC

Bitcoin’s latest halving is now complete, seeing miners’ block subsidy rewards drop from 6.25 BTC to 3.125 BTC. Bitcoin’s fourth halving occurred at block height 840,000, ushering in a new epoch for the network. Hopes of many in the community that the halving would land on the memeable date of 4/20 failed to materialize for the U.S. market as miners appeared to ramp up their hash rate on the network ahead of the subsidy drop.

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💰 Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares.

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💰 “If you look historically at halving events, the price rally over the next year has been substantial after each of the past three,“ says Bitwise CIO Matt Hougan 📈

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💰 Wealth management firms to boost Bitcoin ETF holdings - Bitwise CEO

Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their Bitcoin exchange-traded funds (ETFs) in terms of holdings. The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving. Horsley’s prediction aligns with the broader market belief that there is increasing demand for ETFs, given that Bitcoin investments in the United States exchange-traded funds (ETFs) market recorded a net positive inflow right before the Bitcoin halving day following five consecutive days of drain.

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💰 Why Coinbase holding 90% of Bitcoin ETF's should worry you says Adam O'Brien

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💰 100k signatures can trigger Swiss national referendum on adding Bitcoin to country reserves

Bitcoin advocates in Switzerland have initiated a campaign to trigger a National Referendum urging the Swiss National Bank (SNB) to include the flagship digital asset in its asset reserves. The campaign is spearheaded by Yves Bennaïm, the founder and chairman of 2B4CH, a nonprofit think tank, and enjoys support from Luzius Meisser, the chairman of asset manager Bitcoin Suisse.

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💰 BlackRock's spot bitcoin ETF joins exclusive club after 70 straight days of growth

BlackRock's spot bitcoin ETF continued its hot streak on Monday, adding inflows for the 70th straight day. That put the financial giant's ETF in the top 10 of exchange-traded funds with the longest daily streaks of inflows. Bloomberg senior ETF analyst Eric Balchunas posted a graphic to X demonstrating that if BlackRock's fund, ticker IBIT, succeeded in registering a 70th consecutive day of net inflows it would rank the exchange-traded fund among some of the most successful in history.

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💰 Mining pool ViaBTC auctions rare Bitcoin ‘epic sat’ from recent halving event on CoinEx

ViaBTC, the world’s third-largest mining pool, is initiating an auction for the “epic sat” it uncovered during Bitcoin’s fourth halving event on April 20. “Epic sat” refers to the initial satoshi generated following each halving event, occurring approximately every four years after 210,000 blocks. With just 32 epic sats expected to exist, these units carry exceptional significance within the Bitcoin network. According to the auction page, the highest bid for the asset is 2 BTC, approximately $132,000, as of press time.

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💰 BlackRock 'gaga' over spot bitcoin fund that accounts for 24% of firm's total ETF flows: analyst

Bloomberg Senior ETF Analyst Eric Balchunas is convinced BlackRock is thrilled with the success of its spot bitcoin ETF, ticker IBIT, and backed up his assertion with some compelling data. "I know they're gaga over this IBIT, I mean this ETF IBIT is 24% of all of their flows out of 1,000 ETFs globally," Balchunas said Wednesday during a online panel discussion about Hong Kong's recently approved spot crypto ETFs. "You know that's getting the attention of even Larry Fink."

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💰 Bitwise CIO predicts Bitcoin volatility will fall 50% as institutional adoption rises

Bitwise CIO Matt Hougan provided a comprehensive outlook on Bitcoin’s trajectory towards the 2028 halving, predicting a 50% decrease in volatility and heightened institutional investor engagement. Bitcoin (BTC) hit a new all-time high weeks before the 2024 halving in an unprecedented surge. Hougan believes this trend will continue post-halving and cause Bitcoin’s price to escalate dramatically, as it has in the past since its $13 valuation at the time of its first halving in 2012.

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