Tag: ETF

Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash

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The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed that $51,800 is now the most important support level for…

Bitcoin’s price may remain flat as spot ETF outflows advance 

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Bitcoin prices plunged or traded sideways after the halving, prompting opinions that BTC price activity could cool as spot ETF outflows proceeded. The U.S. spot Bitcoin (BTC) ETF data from April 30 showed that GBTC single-day net outflows amounted to over $93 million, contributing to a cumulative outpour worth more than $162 million from four tradable funds. Grayscale’s Bitcoin ETF outflows have recently decelerated, but historical GBTC exits remain staggering at over $17.3 billion since its conversion in January. Grayscale CEO Michael Sonnenshein previously said outflows should decline as the…

An ETH ETF Wouldn’t Deliver Full-Returns to Investors

An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying asset, says Jason Hall, the CEO of Methodic Capital Management. Source

SEC Ethereum ETF rejection sparks debates; Render rival poised for surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borroe Finance is gearing up for a significant market impact with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn’t dampen spirits. While the news might seem like a buzzkill, there’s a silver lining on the horizon – and it’s called Borroe Finance (ROE). This AI-powered altcoin is not only giving Render a run for…

U.S. stablecoin bill may trump Bitcoin ETF impact

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Bitwise CIO Matt Hougan said that the U.S. adopting comprehensive stablecoin legislature could signal the long-awaited “mainstreaming of crypto.”  In a note addressed to clients, Hougan theorized that stablecoin regulations may have an even bigger impact than the largely successful spot Bitcoin (BTC) ETFs.  “The launch of bitcoin ETFs in the U.S. epitomizes this transition, but it’s not the only road marker. Others include BlackRock launching a tokenized Treasury fund on the Ethereum blockchain, Europe passing comprehensive crypto legislation, Ray Dalio calling on investors to own “non-debt money” like bitcoin,…

BlackRock Bitcoin ETF attracts no inflows for 4th consecutive day

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Following last week’s digital asset investment product sentiment, spot Bitcoin ETFs again saw capital exits on April 29.  According to SoSoValue, 11 U.S. spot Bitcoin (BTC) ETFs recorded $51.53 million in cumulative single-day outflows.  Grayscale’s GBTC fund was upstaged by another player in a rare occurrence. While GBTC noted $24.66 million in exits, investors withdrew $31.34 million from ARK 21Shares’ BTC ETF. Fidelity’s spot Bitcoin ETF also saw outflows of $6.85 million. Meanwhile, five issuers, including BlackRock’s IBIT fund, did not attract inflows. BlackRock has leapfrogged Grayscale as the new…

Hong Kong Bitcoin ETF Readies For Stellar Debut, Expected To Outshine $125M US Launch

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The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market.  With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows in the United States. HK Bitcoin ETF Market Poised For Record-Breaking Debut Zhu Haokang, the Digital Asset Management Supervisor and Family Wealth Supervisor at Warsaw Fund expressed great confidence in the trading volume of Hong…

Bitcoin (BTC) Price Wavers Around $63K Awaiting Hong Kong Spot Crypto ETF Debut

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BTC drifted lower during the day from $64,000 over the weekend, slipping briefly to $61,800 before recovering to just near $63,000 at U.S. afternoon hours. The largest crypto by market value was recently changing hands at $63,000 down about 1% in the past 24 hours, holding up better than the broad-market CoinDesk Market Index (CD20), which lost 3% over the same period. Original

RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run

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A U.S. presidential candidate is hyped about blockchain technology; Bitcoin’s bull run — post halving — appears doubtful; and regulators are expected to deny spot Ethereum ETF approval. Here’s crypto.news’ weekly recap. RFK Jr. opines about blockchain During an April 21 rally in Michigan, U.S. presidential candidate Robert F. Kennedy Jr. said that putting the U.S. budget on the blockchain would allow Americans to access any budget item at any time. Integrating the budget with blockchain technology will significantly increase transparency, he says, adding, “If somebody is spending $16,000 for…