Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass bitcoin exchange-traded fund (ETF) liquidations. “If so, brace for a Crypto Black Monday,” he cautioned. He believes that bitcoin has been in a major bear market for almost three years. Peter Schiff Warns of Sharp Decline […] Original
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…
Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to advise Bitcoin ETF investments. Morgan Stanley will now allow its financial advisors to offer Bitcoin (BTC) ETFs to eligible clients starting August 7, according to reporting by CNBC, making it the first major Wall Street bank to do so, Morgan Stanley has nearly 1500 advisors who can now solicit clients to purchase shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. This follows the SEC’s approval of 11 spot Bitcoin ETFs…
Spot Bitcoin and Ethereum exchange-traded funds in the United States saw joint positive inflows for the first time on Aug. 1 since the launch of the nine spot Ether ETFs on July 23. Bitcoin ETFs see $50.6m in inflows According to data from Farside Investors, the 11 spot Bitcoin ETFs recorded a net inflow of roughly $50.6 million on Aug. 1, led by Grayscale’s newly launched Grayscale Bitcoin Mini Trust, which alone recorded a substantial $191.1 million in inflows. Blackrock’s IBIT followed with a more modest inflow of $25.9 while…
Solana (SOL) has been making waves in the cryptocurrency market with its impressive performance and robust technology. Known for its high transaction speeds and low fees, Solana (SOL) has quickly become a favorite among developers and investors. As interest in Solana (SOL) continues to grow, rumors of a potential Solana ETF are circulating, which could further boost its appeal and accessibility. The Potential Impact of a Solana (SOL) ETF The introduction of a Solana (SOL) ETF could significantly impact the market by making it easier for traditional investors to gain…
Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via a traditional fund structure through Coinbase Prime, a comprehensive prime brokerage platform. This selection follows […] Original
The last 12 months have been a game-changer for digital assets. In January, more than a decade after Gemini co-founders Cameron and Tyler Winklevoss filed their initial application, the first spot Bitcoin was approved for trading in the United States by the Securities and Exchange Commission (SEC). The following is an opinion editorial written by […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. After launching our own Ethereum exchange-traded funds in Hong Kong, we’ve experienced firsthand the unlock that comes with greater visibility among investors. We saw an immediate shift in the enthusiasm, tone, and tenor of our conversations with investors, both institutional and retail, who saw this moment as a shift in legitimacy for the asset class. So, as Ethereum (ETH) ETFs start trading in one of the world’s…
Grayscale’s Ethereum ETF (ETHE) experienced another day of significant net outflows totaling approximately $346 million on July 25. Per Farside data, the latest outflow brings the fund’s losses to $1.1 billion over the past three trading days following its recent conversion. Since its conversion, Grayscale’s Ethereum ETF’s (ETHE) assets under management have decreased sharply from over $9 billion to $7.4 billion. This significant drop coincides with the introduction of US spot Ethereum ETFs. On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) led the inflow charts on the same day,…
Outflows from the Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin fund at the time, which converted from a closed-end structure into an ETF that allowed redemptions for the first time in 10 years, weighed on bitcoin’s price over the first weeks. Later, inflows to rival funds overcame the negative trend, propelling BTC to an all-time high in March. Original