Tag: ETF

Weeks After Ether ETF Debut, ETH Market Liquidity Down 20%

“Although the market liquidity for ETH pairs on centralized exchanges remains greater than what was at the beginning of the year, the liquidity has dropped by nearly 45% since its peak in June,” Jacob Joseph, a research analyst at CCData, told CoinDesk in an interview. “This is likely due to the poor market conditions and the seasonality effects in the summer, often accompanied by lower trading activity.” Source BitcoincryptoexchangeExchanges CryptoX Portal

Spot Bitcoin ETF outflows surge six-fold, Ether ETF outflows slow down

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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows while spot Ether ETFs outflows slowed down. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged outflows of $211.15 million on Sep. 5, a surge of over six times compared to the $37.29 million outflows recorded the previous day. Fidelity’s FBTC led the lot with $149.5 million leaving the fund. Biwise’s BITB, Grayscale’s GBTC, and Grayscale Bitcoin Mini Trust followed with recorded outflows of $30 million, $23.2 million, and $8.4 million, respectively.  Notably,…

Ethereum ETF Couldn’t Save ETH From Falling, ETH Whales Search For New 100X Dreams

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Este artículo también está disponible en español. The cryptocurrency market has been anything but kind to Ethereum (ETH) lately. Despite the highly anticipated launch of Spot Ethereum ETFs, which many believed would bolster the asset’s price, Ethereum continues to struggle, casting doubts on its short-term potential. As the price of ETH remains trapped in a bearish trend, large investors, or “whales,” are beginning to seek out new opportunities for massive returns—enter Mpeppe (MPEPE), a rising star in the crypto space. Mpeppe (MPEPE) Captures the Attention of Ethereum Whales As Ethereum’s…

Solana (SOL) ETF? SOL Price Faces Challenges Coming Into September Here’s What To Expect

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Este artículo también está disponible en español. As we step into September, the cryptocurrency landscape is witnessing dynamic shifts, with Solana (SOL) facing unique challenges and opportunities. The advent of exchange-traded products (ETPs) tailored for Solana (SOL) has introduced new dimensions to the market. However, despite Solana (SOL)’s technological prowess and market appeal, the month ahead presents significant hurdles for the blockchain giant. Meanwhile, new rivals like Mpeppe (MPEPE) are gaining traction, presenting fresh competition in the ever-evolving crypto market. Solana (SOL)’s Rollercoaster: ETP Inflows Amid Price Slumps The past…

Fidelity’s FBTC lead $71.73m Bitcoin ETF outflows, Ether ETFs also slide

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Spot Bitcoin exchange-traded funds in the United States experienced their third consecutive day of net outflows, while spot Ethereum ETFs also saw a return to negative flows. According to data from SoSoValue, the 12 spot bitcoin exchange-traded funds recorded $71.73 million in net outflows on Aug. 29, marking the third consecutive day of outflows. FIdelity’s FBTC led the lot, logging $31.1 million in outflows on the day — its highest recorded outflows since Aug. 6. Grayscale’s GBTC continued its outflow streak, with $22.7 million leaving the fund, pushing its total…

Disillusioned crypto investors are struggling behind bitcoin’s ETF success

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Crypto investors are having a mild existential crisis as demand for the young asset class dries up in the midst of a bull market. In the past month, search interest in crypto has been muted, network activity has been subdued and futures funding rates briefly went negative. Ether ETFs, which began trading a little over a month ago, have seen net outflows. Even bitcoin ETFs – which helped prices catapult to new highs in March – have logged net outflows. “The ETFs have been a smashing success, [ Donald] Trump…

BlackRock Lists Ethereum ETF on the Brazilian Stock Exchange

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MicroStrategy ETF accumulates $127m in assets, $100m daily volume

The newly launched MicroStrategy leveraged ETF, trading under the ticker $MSTX, is rapidly gaining traction on Wall Street. The MSTX ETF has amassed $127 million in assets within just six days of its debut, said Eric Balchunas, senior ETF Analyst for Bloomberg.  The ETF, which seeks to deliver 175% of MicroStrategy’s daily stock return, has been trading at over $100 million in volume per day, showing strong investor interest in MicroStrategy and Bitcoin (BTC). On August 23, the ETF surged by 20% after a volatile week that included a 10%…