Current implied volatility levels for Bitcoin and Ethereum options suggest a relatively stable market for cryptocurrencies in the upcoming weeks, according to Deribit’s commercial director Luuk Strijers.
On June 3, there was a total of $105.1 million flowing into 11 approved Bitcoin spot ETFs.
Since mid-May, there has been a significant increase in capital flowing into the Bitcoin ETF market, as reported by Farside.
In the first quarter of this year, BlackRock’s income and bond-focused funds purchased shares of the company’s own Bitcoin exchange-traded fund (ETF), according to regulatory filings.
Following a recent adjustment, the difficulty level for mining the first cryptocurrency increased by 1.48% to 84.38 T.
The rate of new Bitcoin address registrations on the network has dropped to its lowest point since 2018.
Chicago Mercantile Exchange (CME), renowned for operating one of the largest futures exchanges in the US, is reportedly planning to introduce spot Bitcoin trading for its clients.
