Tag: ETF

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…

Ethereum Classic surges as ETF speculation continues

Ethereum Classic (ETC) experienced a 37% increase over the past seven days. Observers note that the surge is likely due to investors anticipating that the U.S. Securities and Exchange Commission will consider applications for an Ethereum (ETH) exchange-traded fund (ETF). On Jan. 10, the agency approved spot Bitcoin ETFs, However, SEC Chair Gary Gensler cautioned that the BTC ETF green light should not be interpreted as a signal of the agency’s willingness to give ETH the same treatment. Still, Ethereum Classic witnessed a surge of over 35% this week. The altcoin is…

Vanguard ceases support for Bitcoin futures ETF purchase

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Vanguard, one of the world’s largest asset managers, continues to maintain its anti-Bitcoin sentiment, with the company recently stating that it would stop the purchase of Bitcoin futures exchange-traded funds (ETFs) on its platform. A Vanguard spokesperson confirmed to Axios that it will stop the purchase of all crypto-related products. The move will allow the asset manager to offer investors a “core set of products and services” in line with its policy and objectives.  As previously reported by crypto.news, Vanguard announced that the trading of spot Bitcoin ETFs – which…

Bitcoin Hashrate Hits New All-Time Amid Spot ETF Frenzy

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Bitcoin’s hash rate, that is the network’s computing power, recently reached a new all-time high amidst the frenzy that came with the debut of spot Bitcoin ETFs in the US. According to data from IntoTheBlock, the Bitcoin hashrate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, less than 24 hours after the U.S. Securities and Exchange Commission approved 11 Spot Bitcoin ETFs in the country. Bitcoin’s hash rate hit a new all-time high yesterday🔗https://t.co/bkdHCcEXFk pic.twitter.com/Mn3GxyDp6d — IntoTheBlock (@intotheblock) January 12, 2024 Bitcoin Hashrate Reaches…

Bitcoin takes center stage as ETF approved; AI altcoin targets in $3m presale

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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. The launch of Bitcoin exchange-traded funds (ETFs) is generating excitement in the crypto market. Bitcoin (BTC) is poised to capitalize on this momentum by reaching a psychological price target of $50,000. Meanwhile, Borroe Finance (ROE) is gaining prominence as an AI-powered crypto project, with its presale fundraising nearing $3 million. Borroe Finance’s authenticity is highly verified With scams prevalent in crypto, Borroe Finance is emerging as a reliable defi project whose…

Buy Low, Sell High? Bitcoin Wobbles As ETF Fever Cool Downs

In a week etched in crypto history, the long-awaited arrival of Bitcoin ETFs in the US sent shockwaves through the market. Yet, despite the monumental achievement, the king of crypto, Bitcoin, took a step back on Saturday, dipping 6% to end the week barely above $43,000. Many analysts predicted a “sell-the-news” scenario, where investors cashed in on profits built upon anticipation of the ETF approval. Others suggest a rotation into Ethereum, which surged 15% on the week and touched highs not seen since May 2022. Ethereum ETF Speculation: Shaping Crypto…