The amount of liquid bitcoin—that held by wallets that trade as oppose to hold—"is similar to what it was during the 2017 bull run,” the blog said. “ But the amount held in illiquid wallets is much higher, currently representing 77% of the 14.8 million Bitcoin mined that isn’t categorized as lost... That leaves a pool of just 3.4 million Bitcoin readily available to buyers as demand increases.”
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Don’t expect a Bitcoin ETF any time soon
The SEC isn’t convinced Bitcoin markets are free of fraud, manipulation
The Securities and Exchange Commission sees the bitcoin market as threatened with manipulation, if it isn’t already. The repercussions of their view could affect cryptocurrencies for years to come if the door is closed on billions of institutional dollars piling into crypto. For a second time, the SEC shot down a bid by the Bats BZX Exchange and the Winkelvi-backed Gemini Exchange to launch a bitcoin-based ETF, which was first submitted to the securities regulators a couple of years ago. The proposed ETF was one of several that have been trying to get the blessing of the SEC. While headlines focused on the Winklevoss brothers getting rejected by the SEC…
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We're using this image to show bitcoin futures being traded by institutional investors because... really, we have no reason other than it's better than nothing and it was free (via Pixabay).Institutional investors are now more bullish on bitcoin—at least when it comes to futures
It’s not a lot but, hey, it’s something
Large financial institutions may not be as negative on bitcoin as they were before while smaller investors might not be so bullish, according to the latest data from the Commodity Futures Trading Commission. The CFTC’s most recent Commitment of Traders (COT) report shows that asset managers and institutional investors—pension funds, insurance companies, and the like—have switched from being completely short bitcoin to long the cryptocurrency, at least when ti comes to the futures contract on the Chicago Board Options Exchange (CBOE). A “long” position means the investor owns the contract and is expecting prices to rise while a “short” means the contract was sold in anticipation of prices falling. The…
