Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $ 3.68 mark, while costs for median-sized transactions have not dipped below the $ 1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue highlight a significant backlog of 221,799 transactions awaiting …
Responding to the fierce competition in the spot bitcoin ETF market, Invesco and Galaxy Asset Management have lowered the long term fee of their joint BTCO fund, positioning it more competitively against sector heavyweights. Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In a strategic move to gain traction in the […]
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $ 5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $ 10, with a single exception occurring when it briefly fell to $ …
Last week, the U.S. Securities and Exchange Commission (SEC) greenlit the debut of 11 diverse spot bitcoin exchange-traded funds (ETFs), which, in their initial two days on the market, experienced a substantial $ 7.65 billion in trading volume. Concurrently, while a host of new entrants enjoyed strong inflows, Grayscale’s GBTC encountered notable outflows, coinciding …
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $ 2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $ 11.17 per transfer. Although there has been a decline in onchain fees, they currently remain at their highest …