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Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
- 07:05Today's Fear and Greed Index dropped to 49, and the level changed from Greedy to NeutralAccording to Bitget data on February 22, today's Fear and Greed Index dropped to 49 (yesterday's was 55), and the level changed from greed to neutral. Note: The threshold of the Fear Index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
- 06:16In the past 40 minutes, 36,000 ETH has been transferred from CEX hot wallet to CEX cold walletPANews reported on February 22nd, according to Lookonchain monitoring, in the past 15 minutes, an additional 36,000 ETH (96.5 million USD) has been transferred from CEX hot wallet to CEX cold wallet.
- 06:14Data: The circulation of USDC has increased by approximately 100 million in the past 7 daysPANews reported on February 22, according to official data, within the seven days up to February 20, Circle issued approximately 2.1 billion USDC and redeemed about 2 billion USDC, increasing the circulation by about 100 million. The total circulation of USDC is around 56.1 billion, with reserves of approximately $56.4 billion USD; this includes roughly $6.9 billion in cash and an estimated $49.5 billion held in the Circle Reserve Fund.