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Bitcoin ETF trading volume hits $5.6B today

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Key Takeaways

  • Bitcoin ETF trading volume reached $5.6 billion, indicating strong investor interest.
  • BlackRock’s iShares Bitcoin Trust (IBIT) has been a leading contributor to the surge in trading volume.

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US-listed spot Bitcoin ETF trading volume reached $5.6 billion today, reflecting heightened institutional and retail interest in crypto asset exposure through exchange-traded products.

BlackRock’s iShares Bitcoin Trust (IBIT), an exchange-traded product that tracks Bitcoin’s price performance, has emerged as a key player in recent spot Bitcoin ETF trading surges. The fund offers investors exposure to Bitcoin.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) has also contributed greatly to the elevated trading activity. The ETF provides convenient access to Bitcoin’s price movements through a familiar investment vehicle structure.

Spot Bitcoin ETFs have become central to the high trading volumes in the cryptocurrency market, demonstrating their growing influence on digital asset market dynamics. Asset managers, including BlackRock and Fidelity, continue to drive increasing institutional involvement in the space.


Trump-backed American Bitcoin Corp stock plunges almost 40% as private placement shares unlock

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Key Takeaways

  • American Bitcoin Corp shares fell nearly 40% as early investors started selling after lock-up expiry.
  • The company is linked to the Trump family and focuses on Bitcoin mining and treasury operations.

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American Bitcoin Corp (ABTC), a Bitcoin mining and treasury company linked to the Trump family, saw its shares plunge approximately 40% at market close today as early investors might have begun offloading their positions.

The sharp decline follows the expiration of a lock-up period that had previously prevented early investors from selling their stakes.

Eric Trump said that today’s unlock of pre-merger private placement shares will allow early investors to sell for the first time, which may introduce volatility. He asserted that the company’s fundamentals remain strong, adding that he isn’t selling any of his ABTC shares.

American Bitcoin Corp specializes in crypto-related projects and operates as both a mining operation and a treasury company focused on Bitcoin holdings.


Bitcoin reclaims $90,000 as markets rebound after sharp Monday selloff

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Key Takeaways

  • Bitcoin bounced back above $90,000 after dropping to $84,000 on Monday.
  • Altcoins surged with SKY, PUMP, and SUI among the top performers as short liquidations exceeded $138 million.

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Bitcoin climbed back above $90K on Tuesday morning after a steep selloff rattled markets on Monday, when the asset fell from $91K to near $84K. The downturn in crypto followed a weak open in equities, but both markets moved higher on Tuesday as new bullish momentum lifted risk assets.

At press time, the S&P 500 was up 0.3% and the Nasdaq was higher by almost 1%, while Bitcoin pushed through the $90K level once again. Among major assets, Ether traded near $3K, Solana near $134, and XRP around $2.15.

The rebound lifted the broader crypto market by 5.7% over the past 24 hours, with several altcoins posting double-digit gains. SKY rose 17%, PUMP gained 15%, and SUI climbed 13%, placing them among the strongest performers within the top 100 assets by market cap.

The rapid move higher triggered more than $138 million in short liquidations and $2 million in long liquidations over the past hour. Bitcoin was trading near $91,000 at press time.


New XRP and SOL ETFs from REX Shares to launch tomorrow

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Key Takeaways

  • REX Shares is launching 2X leveraged ETFs for Solana (SOLX) and XRP (XRPK) providing daily double exposure to their respective assets.
  • The ETFs use swaps and options to achieve 200% leverage, are managed by Tuttle Capital Management, and do not invest directly in spot SOL or XRP.

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New leveraged long XRP and Solana ETFs from REX Shares will start trading tomorrow after receiving listing and registration approval from the Cboe BZX Exchange, according to a Monday announcement.

The funds, T-REX 2X Long SOL Daily Target ETF (SOLX) and T-REX 2X Long XRP Daily Target ETF (XRPK), aim to provide investors with twice the daily return of their underlying assets by utilizing swaps and other derivatives tied to spot crypto products, as per their prospectus. They will not invest directly in spot SOL or XRP.

Each fund will invest a portion of its assets in a wholly-owned Cayman Islands subsidiary. Any excess assets are held in high-quality cash instruments, such as US Treasuries, other US government obligations, money market funds, cash, and cash-like equivalents.

The ETFs are sponsored by REX Shares and managed by Tuttle Capital Management, which will charge an annual management fee of 1.5% of each fund’s daily net assets.

The upcoming launches come after REX-Osprey, a joint ETF venture between REX Shares and Osprey Funds, launched the first US XRP-tracking ETF using a unique 1940 Act structure in September.




Vanguard platform now lists Bitcoin, Ethereum, XRP, and Solana ETFs

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Key Takeaways

  • US ETFs tracking Bitcoin, Ethereum, XRP, and Solana are now visible on Vanguard’s platform.
  • This move represents a shift for Vanguard, which previously did not support crypto products on its platform.

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Vanguard has listed US Bitcoin, Ethereum, XRP, and Solana ETFs on its investment platform as it moves toward offering trading in crypto-related ETFs and mutual funds.

Starting Tuesday, the move will enable over 50 million Vanguard brokerage customers in the US to engage with crypto alongside other non-core assets like gold.

Vanguard operates as a major investment management company serving individual and institutional investors with various funds and exchange-traded products. The firm had previously maintained a restrictive stance toward crypto investments on its platform.

The pivot follows an extensive internal review and continuous client demand for digital assets, despite recent market declines.


Bitcoin’s rise to $96.9K could trigger $9.6B short position liquidation

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Key Takeaways

  • Bitcoin’s potential move to $96,900 has a $9.6 billion short-liq bomb waiting overhead.
  • Short liquidations occur when leveraged bets against Bitcoin are force-closed as margin requirements can’t be met.

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Bitcoin’s potential rally to $96,900 would put roughly $9.6 billion in short positions at risk of liquidation, according to current liquidation map data.

Bitcoin traded at $86,583 at press time, up slightly after slipping below $84,000 earlier in the day.

Bitcoin operates as a decentralized digital currency on a blockchain network, enabling direct peer-to-peer transactions without traditional financial intermediaries. The asset has experienced heightened volatility in recent months due to increased leveraged trading in derivatives markets.

Sharp price movements in Bitcoin frequently trigger automated sell-offs of short positions across major exchanges. When traders bet against Bitcoin’s price using borrowed funds, sudden upward price swings can force them to close their positions at a loss to meet margin requirements.

Concentrated short positions create vulnerability to rapid price increases, potentially setting off a cascade of liquidations. As short sellers rush to buy Bitcoin to cover their positions, the additional buying pressure can drive prices even higher, triggering more liquidations in what’s known as a short squeeze.

The $9.6 billion in short positions at risk represents leveraged bets that Bitcoin’s price will decline. If the cryptocurrency sustains levels around $96,900, these positions would face automatic liquidation as exchanges protect themselves from trader defaults.


Bitcoin sees movement as 700 dormant coins reactivate after nearly a decade

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Key Takeaways

  • 700 dormant Bitcoin (BTC) coins, valued at about $60 million, became active after years of inactivity.
  • Movement of long-held BTC often signals changes in behavior from early adopters and long-term holders.

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700 dormant Bitcoin coins worth approximately $60 million have become active after extended periods of inactivity, according to CryptoQuant analyst JA Maartun, marking another instance of long-held digital assets entering circulation.

The movement of dormant Bitcoin often signals shifts in holder behavior, particularly among early adopters and long-term investors. Whale inflows to major exchanges have surged recently, indicating potential market volatility similar to previous high-activity periods.

Early Bitcoin holders have initiated sales of longstanding assets in recent months, contributing to market dynamics. The activation of dormant coins typically draws attention from analysts tracking supply movements and potential selling pressure.

Increasing global liquidity and stablecoin reserves have been building underlying support for crypto asset movements, including Bitcoin. The digital currency operates as a decentralized system facilitating peer-to-peer transactions on its blockchain network.