Tag: ETF

Coinbase Backs IQMM ETF as Stablecoin Rules Take Shape

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Crypto exchange Coinbase has invested in ProShares’ stablecoin-focused money market fund, betting that demand for stablecoin reserve-management products will grow as the recently enacted GENIUS Act formalizes the types of assets that can back US dollar-pegged tokens. Coinbase (COIN) announced Tuesday that it made an undisclosed investment in the ProShares GENIUS Money Market ETF (IQMM), which is designed to hold assets that qualify as reserves for payment stablecoins under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act requires stablecoin issuers to back their tokens…

86% Long Liquidation Wave Exposes Bitcoinโ€™s Breakdown Below $68K as ETF Pressure Builds

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Key Takeaways Bitcoin hit an intraday low of $67,521 on Bitstamp as ETF outflows and liquidations hit traders. Strategy sold 32 bitcoin, adding pressure to BTC sentiment after Mayโ€™s outflows. Binance saw a $23.99M BTCUSDT liquidation as traders watched the $68K zone. Market data placed bitcoinโ€™s low at $67,521 on Bitstampโ€™s one-hour chart as of June 2, with the asset falling from the roughly $73,900 area in about 24 to 48 hours. That marks an 8% move in a short window, with lower highs, lower lows, and red candles defining…

Will Bitcoin price fall to $65K next as ETF outflows deepen?

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Bitcoin price has fallen below $70,000 after deepening ETF outflows, Mt. Gox-linked wallet movements and renewed geopolitical stress pushed traders into a risk-off stance. Summary Bitcoin price fell below $70,000 as ETF outflows topped $3.4 billion and Mt. Gox moved $739 million worth of BTC. Over $744 million in liquidations hit the market after BTC lost the $72,500โ€“$73,000 support zone. Analysts see $68,700 as the next key support, with $65,000 in focus if selling pressure continues. According to market data, Bitcoin (BTC) price traded near $69,400 on June 2 after…

BIG CRYPTO NEWS! SEC TOKENIZATION GUIDANCE, IRAN BITCOIN, & BANK CRYPTO CUSTODY!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Crypto News: SEC to propose tokenized stock framework as Wall Street efforts deepen. Iran is mulling Hormuz โ€˜insuranceโ€™ scheme, paid in Bitcoin. Minnesotan banks and credit unions set to provide crypto custody. Brought to you by ๐Ÿฆ Learn about iTrustCapitalโ€™s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms ๐Ÿ’กGet the (Re)Thinking Crypto Book on Amazon – ๐Ÿ–ฅ๏ธ Learn Crypto with Expert Commentary – Sponsors: ๐ŸŒŸ Build with BitGo – ๐Ÿ” Safely Store your Crypto with Trezor Hardware Wallets – ๐ŸŒŸUphold…

Bitcoin ETF withdrawals reach $3.45B in 11 day streak as BTC slides

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Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market. Summary U.S. spot Bitcoin ETFs recorded $483.8 million in net outflows on Monday, extending their losing streak to 11 consecutive trading sessions. Bitcoin fell below $71,000 as ETF withdrawals accelerated and geopolitical tensions between the U.S. and Iran weighed on market sentiment. Strategy disclosed its first Bitcoin sale since 2022, while more than…

Grayscaleโ€™s Hyperliquid ETF Likely to Launch This week

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Crypto asset manager Grayscale could launch its exchange-traded fund tied to the Hyperliquid token in the US as soon as this week after it amended a regulatory filing for the fund, an analyst says.ย  Bloomberg ETF analyst James Seyffart posted to X on Monday that the launch of Grayscaleโ€™s ETF was โ€œlikely imminentโ€ and was โ€œexpecting the launch this weekโ€ after the company amended the fundโ€™s filing for the sixth time to add its ticker and fee. Grayscaleโ€™s amended filing added that the ETF would trade under the ticker HYPG…

Ripple XRP: Binance Founder Predicts 2026 SUPERCYCLE Starting Now!? (BREAKING CRYPTO NEWS)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ๐Ÿš€ Join Our Private Intelligence Network Here: โ†’ ๐Ÿฆ See How Much You’ll Save on Your Merchant Processing in 90 Seconds: ๐Ÿ‘๏ธ Watch The Great Reset Documentary Here: ๐Ÿ“š Get Our Free E-book Here: Connect With Us: ๐Ÿ“ฉ Email: Team@bullrunners.com ๐Ÿฆ… X: ๐Ÿ“ธ Instagram: ๐Ÿ“ฒ TikTok: ๐Ÿ’ฌ Telegram: Subscribe: #Crypto #XRP #Bitcoin READ BEFORE WATCHING AGREEMENT REQUIRED: By watching this video, you agree to our Terms of Service ( and Privacy Policy ( Disagree? Stop watching now. No Advice, High Risk: This…

Will Bitcoin lose $72K support as it enters a bearish channel amid ETF outflows?

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Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. Summary Bitcoin has fallen into a bearish channel as more than $2.4 billion exits spot ETFs, and traders defend the key $72,000 support zone. Rising oil prices above $90 and renewed U.S.-Iran military tensions have added pressure to risk assets, including Bitcoin. Analysts warn that a break below $72,650 could expose Bitcoin to further downside, with the next major demand zone between $54,300 and…

TRUTH REVEALED About GOLDMAN SACHS DUMPS ALL XRP & SOLANA ETFs! 13F Filing

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io TRUTH REVEALED About GOLDMAN SACHS DUMPS ALL XRP & SOLANA ETFs! 13F Filing Thereโ€™s a lot of confusion about Goldman Sachs dumping all of their XRP and Solana holdings. This is an incredibly complicated topic, primarily because of the way the 13 FSCC filing works. Letโ€™s go ahead and clear up the rumor and talk about what Goldman Sachs actually did. Drop me a comment below, babe, I read them all. Support The O Show with Ref Links: โœจGet $100 with ITRUST…

Texas Bitcoin Reserve to Shift From ETF to BTC Custody

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Texas is seeking a custody and liquidity provider to help move its Strategic Bitcoin Reserve from BlackRockโ€™s iShares Bitcoin Trust (IBIT) spot Bitcoin exchange-traded fund (ETF) into directly held coins, according to a state procurement document. The move, posted May 7 and announced in a Thursday release from the Texas Comptrollerโ€™s office, would move Texas closer to directly held Bitcoin through a third-party custody arrangement rather than relying solely on ETF exposure, marking a shift from ETF exposure to direct onchain ownership. Texas has allocated $10 million to the Strategic…