Bitcoin is trading below the average cost basis of US spot Bitcoin ETFs after they recorded their second and third-biggest outflow weeks last month, according to Galaxy’s head of research, Alex Thorn. The total assets under management for US Bitcoin ETF products are approximately $113 billion, according to Coinglass, and they collectively hold around 1.28 million BTC, according to BiTBO, implying an average cost basis of about $87,830 per Bitcoin. Meanwhile, Bitcoin (BTC) fell about 11% from $84,000 on Saturday to a nine-month low near $74,600 in early trading on…
Tag: ETF
ETF Red Tide: Bitcoin, Ether Sink Deeper as XRP Defies the Trend
Crypto exchange-traded funds (ETFs) extended their losing streak as bitcoin, ether, and solana bled heavily once again, while XRP stood out as the lone bright spot. The divergence highlighted selective positioning amid a deeply risk-off market. Crypto ETF Rout Deepens for Bitcoin and Ether Selling pressure refused to ease as crypto ETFs closed the week […] Original
Bitcoin Slides to $78K as Macro Stress and ETF Outflows Hit at the Same Time
Bitcoin slid toward $78,000 as heavy selling, institutional outflows and a risk-off macro backdrop intensified a sharp intraday breakdown, leaving the market firmly under bearish control and searching for a near-term floor. Bitcoin Extends Sharp Intraday Drop as Bears Maintain Control At 12:15 p.m. on Jan. 31, BTC is trading at $78,993 on Bitstamp, extending […] Original
Elon Musk reveals his favorite cryptocurrency #crypto
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Why #dogecoin is Elon Musk´s favorite #cryptocurrency #elonmusk #tesla #investing ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Hang Seng Launches Ethereum Based Tokenized Gold ETF
Key Notes On January 29, Hang Seng Gold ETF, with trading ticker 03170 was launched. The new fund will track the LBMA Gold Price AM. This comes at a time when Hong Kong is promoting itself as a crypto asset hub. Hang Seng Investment, one of Hong Kong’s asset managers, recently debuted its physical gold-pegged exchange traded fund (ETF). The ”Hang Seng Gold ETF” was launched on January 29 on the Hong Kong Stock Exchange under the ticker “03170.” The new fund has a conventional approach as well as a…
Bitwise Registers Uniswap ETF Trust
Key Notes Bitwise registered the Bitwise Uniswap ETF trust in Delaware with no SEC filing so far. UNI is trading around $4.78, down about 60% over the past year. Data shows Uniswap processed nearly $1 trillion in trading volume in the past year. Asset management firm Bitwise has registered a Delaware statutory trust under the name Bitwise Uniswap ETF, based on a recent state filing. The filing is an early procedural step as it creates a legal entity that could later be used to launch an ETF linked to Uniswap…
BlackRock Files Bitcoin Premium Income ETF: What It Could Mean
BlackRock has filed an S-1 for an “iShares Bitcoin Premium Income ETF,” a product that aims to track bitcoin’s price while generating option premium by systematically selling calls tied primarily to its own spot bitcoin ETF, IBIT. For BTC-linked derivatives markets, the filing is being read less as a directional catalyst and more as another potential source of mechanical volatility supply. Bloomberg ETF analyst Eric Balchunas flagged the document on X, noting that key commercial details are still missing. “BlackRock just dropped the official S-1 for it’s upcoming iShares Bitcoin…
VanEck Launches US-listed Avalanche ETF
Global asset manager VanEck has launched a US-listed exchange-traded product offering exposure to Avalanche’s native token, AVAX (AVAX), marking the first spot Avalanche ETF to trade in the United States. According to Monday’s announcement, the product is not registered under the Investment Company Act of 1940, though it may be subject to other US securities laws. The fund will trade under the ticker VAVX, tracking the price of Avalanche’s AVAX token and potentially generating returns through staking. VanEck said it will waive sponsor fees on the ETF’s first $500 million…
MORGAN STANLEY BULLISH ON CRYPTO! FILES FOR BITCOIN & SOLANA ETF!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Wall Street giant Morgan Stanley files for bitcoin and solana ETFs. Walmart has launched Bitcoin and ETH trading via its OnePay app. Jupiter launches JupUSD stablecoin backed by BlackRock’s BUIDL fund. Brought to you by ✅ VeChain is a versatile enterprise-grade L1 smart contract platform 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🔐 Safely Store your Crypto with Trezor Hardware Wallets – 🏠 Propy (PRO) is a blockchain-based real estate marketplace…
ETF Recap: Redemptions Surge as Bitcoin, Ether See Historic Weekly Exits
Crypto exchange-traded funds (ETFs) endured another brutal week as bitcoin and ether suffered deep, broad-based outflows. Solana held onto modest gains, while XRP slipped into its first weekly net outflow since launch. Rout Deepens for ETFs as Bitcoin Posts $1.33 Billion Weekly Outflow The selling pressure that defined the week after the U.S. market holiday […] Original