Tag: ETF

Bitcoin Spot ETF Inflows Eye New Record As BTC Price Touches $57,000

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Bitcoin Spot ETFs are gunning for a new record after an incredible start to the new week. The price of BTC has risen 8% in the last day, and this has caused euphoria in the market. There could be a number of factors behind this; however, institutional investors seem to be playing a big role as daily inflows continue to rise. Spot Bitcoin ETF Inflows Cross $400 Million According to Bloomberg analyst James Seyffart, the Spot BTC ETF inflows are not slowing down. In a screenshot shared by the analyst…

Bitwise expert pegs 50/50 chance for Ethereum ETF nod, eyes $88k Bitcoin peak by 2024

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A Bitwise researcher, Ryan Rasmussen, has indicated a balanced perspective on the potential approval of spot Ethereum Exchange-Traded Funds (ETFs) in the upcoming months, assigning a 50% probability to both possible outcomes. During an interview with Yahoo Finance on Feb. 26, Rasmussen expressed uncertainty regarding the market’s readiness for such a development, as per the Securities and Exchange Commission’s (SEC) preferences. “It’s about a 50/50 percent chance that we’ll see approval or we’ll see rejection,” the analyst said suggesting a split probability for the future of spot Ethereum ETFs. This…

Bitcoin (BTC) ETF Volume Data Can be Misleading

The spot bitcoin ETF group as a whole has seen a turnover ratio of 5.3%, said Cipolaro, with Valkyrie (BRRR) and Grayscale’s GBTC seeing the lowest rates at 2.2% and 2.4%, respectively. At the high end is Ark 21 (ARKB) at 11.3%. He also took note of an upside outlier, WisdomTree’s (BTCW), the smallest of the spot ETFs with just about $30 million in AUM, during one five-day period experienced a turnover ratio of 205%. Source

Ether’s (ETH) Bitcoin (BTC) Beating Rally Not Just Because of Potential ETF Approval: Bernstein

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Ether (ETH), the world’s second-largest cryptocurrency, has outperformed its larger rival bitcoin (BTC), with a 33% gain year-to-date. This rally is being driven by catalysts other than the potential approval of a spot exchange-traded fund (ETF), broker Bernstein said in a research report on Monday. Firstly, the ether supply is deflationary and has not increased since the Ethereum blockchain’s shift to a proof-of-stake consensus model in September 2022, the report said, adding that this fact is being underappreciated. The amount of ether locked up is also an important factor. Bernstein…

NuggetRush presale almost sold out; Optimism unveils 4th airdrop as Pyth Network releases spot Bitcoin ETF price feed

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Optimism has distributed 10 million OP as part of its airdrop tailored for web3 artists. In another move, Pyth Network has introduced price feeds for 13 spot Bitcoin ETFs. Meanwhile, NuggetRush’s presale is in the final stages, with less than 50 million NUGX remaining. Less than 50 million NUGX remaining NuggetRush has reached a significant milestone by selling 188 million NUGX out of the 215 million designated for its blockchain ICO phase. …

Valkyrie introduces Bitcoin Futures ETF offering 2x leverage

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Valkyrie Investments introduces BTFX, a 2x leveraged Bitcoin futures ETF aimed at doubling the daily performance of the CME Bitcoin Futures index. According to a press release, BTFX seeks to achieve this objective by investing in Bitcoin futures contracts rather than directly in Bitcoin itself. Valkyrie Co-Founder Steven McClurg indicated that BTFX is tailored for institutional investors and hedge funds, emphasizing its non-direct investment strategy in Bitcoin (BTC). Valkyrie is pleased to announce the launch of the Valkyrie Bitcoin Futures Leveraged Strategy ETF ($BTFX), our 2x leveraged #bitcoin ETF that…