‘Odds Increasing’ Of US Bitcoin Buy In 2025 – Galaxy Analyst
Alex Thorn, Head of Research at Galaxy Digital, expressed a marked shift in his outlook regarding potential United States government purchases of Bitcoin in 2025. Writing on Sunday via X, Thorn underscored what he described as an evolving picture, stating, “It does seem increasingly likely that the USA is making progress on the logistics and […]
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At press time, Bitcoin is within a bullish formation and firm, rejecting attempts for lower lows despite slumping by roughly 20% in June. Though there is hope that prices will trend higher in June, one analyst thinks BTC is walking on a tightrope. For buyers to take over, it means BTC will defy its historical trends observed in the last five years by printing green by September. Will Bitcoin Beat The Odds? Price data aggregated over the past five years paints a concerning picture for Q3 2023. In a post shared by one analyst, historical data shows that Bitcoin often dips in Q3, posting an....
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The investment company Galaxy Digital Holdings has revealed it is joining the growing list of firms looking to sponsor a bitcoin exchange-traded fund (ETF). Novogratz’s crypto firm applied with the U.S. Securities Exchange Commission (SEC) on Monday to launch a product called the “Galaxy Bitcoin ETF.” Galaxy Digital Wants to Provide a Bitcoin ETF Galaxy Digital Holdings (TSX: GLXY) filed a Form S-1 registration with the SEC on Monday in order to get approval for a new bitcoin ETF. The “Galaxy Bitcoin ETF” filing was submitted on April 12, 2021, and joins the....
It’s been a busy few months for crypto financial services firm Galaxy Digital. From sales to satoshis, the company has been making headlines. Galaxy Digital is fresh off the heels of acquiring digital assets infrastructure firm BitGo, and is one of four firms to lead a recent Canadian petition for an Ethereum ETF. Now, Galaxy […]
More crypto spot ETFs are a near certainty, according to analysts, which means we may see Dogecoin, Solana, and XRP approved by the end of 2025. James Seyffart joined the hype to announce that the approval odds for the spot crypto ETFs just went above 90%. This comes just two days after Bloomberg analyst, Eric […]