Day: May 28, 2024

UK’s First Spot Bitcoin and Ethereum ETPs Begin Trading on the London Stock Exchange

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The sixth-largest stock exchange in the world has officially begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs). According to the London Stock Exchange (LSE), today marks the launch of ETH and BTC ETN trading. “We are pleased to announce the launch of Crypto ETNs on the London Stock Exchange, effective 28 May 2024, welcoming products from WisdomTreeEU and 21Shares.” ETNs are a type of exchange-traded product (ETP) and are distinct from exchange-traded funds (ETFs) in that ETNs are debt-carrying vehicles tracking an index, and not backed by underlying…

Report Shows Grayscale Could Keep ETH Price Down With $110M Daily Outflows

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A recent market report by research firm Kaiko noted how Grayscale’s Spot Ethereum ETF could have a negative impact on Ethereum’s (ETH) price. This is based on the firm’s expectations that Grayscale’s Ethereum Trust (ETHE) could follow a similar path to Grayscale’s Bitcoin Trust (GBTC). Ethereum Could Face Significant Selling Pressure From Grayscale’s Outflows Kaiko noted that Ethereum could face significant selling pressure from Grayscale’s ETHE once the Spot Ethereum ETFs begin trading. This is because the fund has been trading at a discount between 6% and 26% over the…

JasmyCoin price fluctuates as new crypto contenders emerge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. JasmyCoin captures investor interest with its use case and performance, while new contenders like Mollars attract attention with their potential. Amid rapidly changing market dynamics, the crypto space has experienced a surge of green over the last 24 hours. Surprisingly, it’s not just memecoins and the usual altcoins seeing gains. JasmyCoin, otherwise known as Japan’s Bitcoin, is capturing investor interest with its unique use case and bewildering market stats.…

Blackrock’s IBIT Nears Grayscale’s GBTC in Bitcoin Reserves

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According to the latest statistics, U.S. spot bitcoin exchange-traded funds (ETFs) experienced ten consecutive days of positive inflows. Notably, during a third of those days, Grayscale’s Bitcoin Trust (GBTC) faced outflows and neutral activity. Conversely, Blackrock’s IBIT saw inflows on most of the ten trading days. Blackrock’s IBIT and Grayscale’s GBTC Neck and Neck in […] Original

Bitcoin Inflow To Exchanges At 2016 Levels, Impact On Price Will Be Low Even If Mt. Gox Sells

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Chainlink Performance Crucial For Altcoin Market, Analyst Suggests Rally Ahead

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Chainlink (LINK) has recently been identified as a significant influencer within the altcoin sector. Noted by crypto analyst Michaël van de Poppe, LINK’s market movements are increasingly seen as a barometer for the broader altcoin ecosystem. This observation places Chainlink at the center of potential market trends, suggesting that its performance could presage movements across other cryptocurrencies. Related Reading Chainlink $16 Mark: Catalyst for Altcoin Market Optimism Van de Poppe’s analysis, shared on social media platform X, underscores the importance of Chainlink’s price stability around the $16 mark. Maintaining this…

Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why

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Despite its unimpressive price action, crypto analysts have maintained faith in the XRP price, offering bullish price predictions for the crypto token. This time, crypto analyst BarriC has predicted that XRP’s price reaching four figures will undoubtedly happen.  XRP Price Will Reach $1,000 At Some Point BarriC explained in an X (formerly Twitter) post why he believes XRP will eventually reach $1,000. He mentioned that no one could have envisaged that Bitcoin would hit $73,000 when it was still trading at $330 in 2016. He also made reference to other…

UK Digital Bank Blocks Clients From Performing Crypto Transactions

The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline Cryptocurrency-Related Bank Transfer Requests London-based digital bank Kroo has barred its customers from […] Source CryptoX Portal