Ethereum spot ETF net inflow reaches $145m

Ethereum spot ETFs witness increased institutional interest, recording a $145 million net inflow. According to statistics from SoSoValue, Ethereum (ETH) spot ETFs had a notable net inflow of $145 million on Dec. 17, indicating growing institutional trust in financial instruments backed by Ethereum. With a notable $135 million inflows on the day, BlackRock’s ETHA topped the inflows and now has the most net inflow of Ethereum spot ETF at $3.365 billion. With a net influx of $4.45 million, Grayscale’s ETH, a major participant in the ETF market, increased its previous…

Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon?

Este artículo también está disponible en español. Ethereum spot exchange-traded funds (ETFs) have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH) in the coming weeks. However, for ETH to reach this milestone, it must surpass the critical resistance level of $4,000. Ethereum Spot ETFs Attracting Consistent Inflows According to data from SoSoValue, Ethereum spot ETF inflows have remained consistently positive since November 22. The cumulative net inflows total $2.32 billion, with a significant $1.5 billion added between November 22 and December…

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

Crypto exchange Bybit will cease withdrawal and custody services for French users starting Jan. 8, 2025, citing regulatory changes, urging users to withdraw assets promptly to avoid disruptions. Bybit to End Withdrawals in France Bybit, a global cryptocurrency exchange, has announced it will no longer provide withdrawal and custody services to users in France, starting […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Reserve draft out after Trump’ meets Crypto.com CEO

President-elect Trump met with crypto industry leader Kris Marszalek to prepare an order for a Bitcoin reserve in a bid to strengthen the U.S. financial landscape.  Kris Marszalek, Crypto.com CEO, met Donald Trump at Mar-a-Lago on Dec. 16 to talk about the proposed crypto-related appointments within the financial departments and Congress. They also discussed drafts of a U.S. Strategic Bitcoin Reserve to be administered within the Treasury’s Exchange Stabilization Fund, as noted in his Nashville speech delivered in July.  What the Strategic Bitcoin Reserve entails After the meeting, Bitcoin Magazine…

Bitcoin Could Peak Between $160,000 And $290,000 – Report

Este artículo también está disponible en español. As we approach the end of the year, Bitcoin (BTC) continues flying to new highs, setting bullish expectations for the rest of the cycle. Bitfinex’s latest reports suggest when BTC’s peak could come and how much climbing might be left for the flagship crypto. Related Reading Bitcoin’s ‘Unique’ Cycle In its latest Alpha Report, Bitfinex highlighted the crypto industry’s big strides in adoption and mainstream recognition this year, which have differentiated this cycle from previous ones. Notably, the launch and increasing institutional demand…

Bitcoin Price Momentum Shifts As Spot Market Outpaces Futures – Here’s What It Means

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

XRP Price Steals the Spotlight: Dips Look Increasingly Attractive

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ohio’s Derek Merrin Proposes HB 703, Bitcoin Reserve Bill

A proposed legislation in Ohio seeks to incorporate Bitcoin into its financial plan. Derek Merrin, the Leader of the Ohio House Republicans, introduced the bill.  Derek Merrin, who was the former Mayor of Waterville, took to X to announce that House Bill 703, filed this week, would enable the state treasurer to invest in Bitcoin (BTC) in order to create an “Ohio Bitcoin Reserve” in the state treasury. His thought behind introducing the bill was that incorporating BTC into the state’s investment portfolio could help hedge against the slow erosion…

HBAR ETF next? More crypto ETFs expected in 2025: analyst

Bloomberg analysts Eric Balchunas and James Seyffart have predicted a surge in cryptocurrency exchange-traded funds in 2025. Following the approval of Bitcoin (BTC) and Ethereum (ETH) ETFs this year, speculation has increased regarding which crypto ETFs might be launched next. With upcoming leadership changes at the SEC, Balchunas and Seyffart shared their insights on X and discussed their outlook for the cryptocurrency market. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas shared on X. His optimism aligns with SEC Chair Gary Gensler’s impending…