Tag: ETF

Bitwise CIO Equates Bitcoin ETF Impact To 1.4 Halvings

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Following last week’s launch of 11 spot Bitcoin exchange Traded-Funds (ETFs) in the United States, Matt Hougan, Chief Investment Officer (CIO) at Bitwise, has offered a compelling perspective on the potential impact of these ETFs on the Bitcoin market. His remarks come at a critical juncture, with the next Bitcoin halving event anticipated in mid-April 2024. Spot ETFs Could Have Impact Like 1.4 Bitcoin Halvings Hougan draws a parallel between the impact of Bitcoin ETFs and the Bitcoin halving events. He states, “Crypto natives have a good mental model for…

Spot Bitcoin ETF jitters force Dogecoin and Shiba Inu lower, this alternative is solid

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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. Dogecoin, Bitcoin, and Shiba Inu are entering a cooling period following the initial surge after historic ETF approval. NuggetRush (NUGX) continues to surge in its presale, raising over $1.6 million with its vision for the crypto gaming scene garnering interest. Dogecoin and Shiba Inu (SHIB) are pure meme coins, while NUGX seeks to revamp the meme coin sector.  The United States Security and Exchange Commission (SEC) caused waves among…

Volatility Increases Following SEC’s Spot Bitcoin ETF Approval – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) concluded the previous week at approximately $41,750, marking a 5.0% decrease from the first week of the new year with a closing value of around $43,750. The price exhibited significant volatility, primarily influenced by the approval of BTC Spot ETFs, which heightened market dynamics. The week commenced with a robust uptrend on Monday in anticipation of the approval, witnessing a 9.0% price increase and nearly reaching $47,000. Tuesday saw BTC nearing $48,000 before encountering pronounced volatility due to false news regarding the approval, causing a dip below $45,000…

Coinbase dominance over Bitcoin ETF custody raises concerns

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Coinbase is the custodian of eight of the 11 approved Bitcoin ETFs, and several blockchain specialists and ETF consultants have raised concerns about this high concentration on one platform. The extensive involvement of Coinbase in these ETFs extends beyond mere custodianship. The digital-asset exchange is poised to provide a comprehensive suite of services, encompassing custodial, trading, and lending functions, to prominent players like BlackRock. However, this concentration of responsibilities within a single entity, Coinbase, is sparking concerns among experts in the blockchain and ETF sectors.  Notably, the SEC has expressed…

New Bitcoin Spot ETF Attracting Capital from Other Products, Says JPMorgan

JPMorgan predicts that a lot of money currently invested in other crypto instruments will be re-directed to the Bitcoin spot ETF. Even before the Bitcoin spot ETF was approved, industry experts had already predicted that it would be high in demand. Given how many years companies in the crypto space pursued an ETF, that was to be expected. But now, a report from JPMorgan casts light on just how popular the new crop of spot Bitcoin ETFs has been. As per the report, a lot of the capital already invested…

Bitcoin Price Faces Volatility, Is Around $42K Now as ETF Hype Subsides, Triggers Sell-Off

Analysts anticipate that the outflows from Grayscale’s Bitcoin Trust (GBTC) ETF, coupled with investors shifting to lower-fee options, will exert downward pressure on Bitcoin price. Bitcoin (BTC) experienced a rocky weekend as it fell below $42,000 for the second time, failing to break above $43,100 amid subdued trading volumes. The excitement surrounding the approval and launch of spot Bitcoin Exchange-Traded Funds (ETFs) initially propelled the flagship crypto to a two-year high above $49,000. However, the aftermath has been marked by a notable downturn, with market reactions reflecting the classic “sell…

Crypto investment products get $1.18b inflows amid spot Bitcoin ETF launch

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The influx of investment products into digital assets amounted to $1.18 billion. Despite the launch of the Bitcoin ETF, capital inflows of $1.18 billion did not break the October 2021 record of $1.5 billion, according to a CoinShares report. At the same time, trading volumes have broken records, with trading volume of $17.5 billion last week, the highest ever, compared with an average of $2 billion per week in 2022. These trading volumes accounted for almost 90% of the daily trading volumes on trusted exchanges on January 12. Geographically, experts…

BlackRock, Fidelity, Ark Invest, Franklin Templeton, VanEck Place Bitcoin ETF on Their Main Pages

Home pages of some spot Bitcoin ETF issuers now boldly show visitors that these funds are available to all interested members of the public. Several spot Bitcoin (BTC) issuers have added their ETF to the main pages on their respective websites. Visitors can now see the option to buy into a spot Bitcoin ETF on the websites of Ark Invest, VanEck, Fidelity, BlackRock, and Franklin Templeton. The development shows that the issuers have begun to announce the possibility of buying ETFs to their respective customer bases in addition to other…

Bitcoin (BTC) Traders Eye Support at $40K as Bitcoin ETF Contrarian Bets Prove Right

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“Bitcoin ETFs will be transformative for the industry, allowing for vastly greater access from traditional wealth management – their launch will bring new investment into bitcoin from pensions, endowments, insurance companies, sovereign wealth, retirement plans, trusts, and many more,” shared Henry Robinson, founder at crypto fund Decimal Digital Group, in an email to CoinDesk. Original

American Investment Bank TD Cowen Says Ethereum ETF Will Be Delayed

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Despite the United States Securities and Exchange Commission (SEC) granting approval for Spot Bitcoin ETFs, TD Cowen, a prominent American investment bank and financial service firm, foresees potential delays in the approval process of Ethereum Spot ETFs.  Ethereum Spot ETF Faces Potential Hold-Up TD Cowen, an investment bank and financial service division of TD Securities has made a bold forecast, predicting that the US SEC is unlikely to approve Ethereum Spot ETFs before its deadline. Presently, the SEC is obligated to make its final decision on its rejection or acceptance…