Crypto analyst Chad Steingraber has sparked both excitement and skepticism in the crypto community with a bold prediction for the XRP price. According to his technical analysis, XRP could surge to an astonishing $220 solely due to the impact of its Exchange-Traded Funds (ETFs). He draws a parallel with Bitcoinโs historic price spike following its spot ETF launch, suggesting that institutional adoption and market enthusiasm could drive a similar meteoric rise for XRP. While the bold claim has caught the interest of market participants, questions remain about whether this projection…
Tag: ETFs
Solana Soars With $55 Million Inflow as Bitcoin ETFs Break Losing Streak
Solana ETFs stole the spotlight again, driving one of the strongest inflows for the day. Bitcoin ETFs snapped a five-day outflow streak with a solid rebound, while ether funds logged yet another day in the red. Bitcoin Turns Positive With $75 Million Inflow While ETH Slips and Solana Surges Markets sometimes pivot sharply, and Wednesday, […] Original
Bitcoin Whale Sells $1.3B BTC As Institutions Buy 40% Bitcoin ETFs
Owen Gunden, one of the richest early Bitcoin holders, has sold his entire Bitcoin position as retail investors flee the market and institutions continue increasing their share of spot Bitcoin exchange-traded funds. The wallet tagged as Owen Gunden by blockchain data platform Arkham transferred his last 2,499 Bitcoin (BTC) worth $228 million to cryptocurrency exchange Kraken on Thursday. In total, Gundenโs wallet has sold 11,000 Bitcoin worth around $1.3 billion since Oct. 21, liquidating his entire Bitcoin holdings, according to Arkham. Gundenโs transactions come amid growing concerns over the end…
XRP Supply Shock Ahead? ETFs Could Consume It All: Analyst
A new projection from an XRP analyst is drawing fresh attention to how quickly spot ETFs could gobble up available tokens if heavy inflows persist. Related Reading The numbers in the model are simple and large, and they force a straightforward question: what happens if steady ETF buying meets a limited public supply? ETF Flows Could Outrun Supply According to analyst Chad Steingraber, one XRP ETF might average $90 million in daily inflows. Multiplying that by 12 ETFs and the result is $1.08 billion each day. Based on his assumptions,…
Bitcoin ETFs bleed cash as Abu Dhabi doubles down
BlackRockโs iShares Bitcoin Trust (IBIT) recorded $523 million in net outflows on Tuesday, its most significant single-day withdrawal since launching in January 2024. Summary Abu Dhabiโs sovereign wealth fund Mubadala invested $518 million in a Bitcoin ETF. The fund tripled its Bitcoin exposure just before the crypto crash. BlackRock Inc.โs iShares Bitcoin Trust ETF posted five consecutive days of outflows totaling $1.43 billion. The fund has now posted five consecutive days of outflows totaling $1.43 billion, contributing to four straight weeks of withdrawals amounting to $2.19 billion. The accelerating outflows…
Bitcoin and Ether Outflows Deepen as Solana ETFs See $30 Million Inflow
Bitcoin and Ether ETFs suffered yet another day of outflows, extending their multi-day losing streaks. Solana ETFs once again stood out, pulling in strong inflows despite broader market weakness. Solana Extends Rally as Bitcoin and Ether ETFs Stay Red Tuesday, Nov. 18, brought more outflows for crypto ETFs with investors draining capital from bitcoin and […] Original
๐จBIG CRYPTO NEWS! US TREASURY IRS APPROVE STAKING IN ETFS & MARKET STRUCTURE BILL MAKES PROGRESS!
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Crypto News: Scott Bessent says the US Treasury and IRS approve staking in crypto ETFs. The Senate Agriculture committee has released its long-awaited bipartisan crypto market structure discussion draft. Brought to you by ๐ Propy (PRO) is a blockchain-based real estate marketplace and decentralized title registry that leverages smart contracts to facilitate property transactions globally & ๐กGet the (Re)Thinking Crypto Book on Amazon – ๐ฅ๏ธ Learn Crypto with Expert Commentary – Sponsors: ๐Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly…
Bitcoin ETFs Sales Near $3B, Threaten Worst Month On Record
Bitcoin exchange-traded funds (ETFs) are closing in on $3 billion in net outflows for November, putting the products on track for their worst month yet after BlackRockโs fund logged its biggest day of redemptions on record. US spot Bitcoin (BTC) ETFs extended their five-day losing streak Tuesday, logging another $372 million in net negative outflows, according to Farside Investors. BlackRockโs iShares Bitcoin Trust (IBIT) ETF recorded $523 million in outflows, marking its largest day of outflows since its debut in January 2024. The latest outflows bring Novemberโs total to $2.96…
Solana ETFs Are Slow and Steady Despite the Bitcoin, Ethereum Selloff
Key Notes Solana ETFs have recorded back-to-back inflows since Oct.31. New SOL-related investment products have entered the market. Bitcoin and Ethereum ETFs saw over $3 billion in outflows over the last five trading days. Solana SOL $140.6 24h volatility: 2.7% Market cap: $77.76 B Vol. 24h: $6.08 B is seeing growing interest from institutional investors while the leading assets โ Bitcoin BTC $91 846 24h volatility: 1.2% Market cap: $1.83 T Vol. 24h: $79.61 B and Ethereum ETH $3 095 24h volatility: 2.1% Market cap: $371.75 B Vol. 24h: $32.27…
Solana Reclaims $140 As Second Wave Of SOL ETFs Debut
Amid the second wave of crypto-based Exchange-Traded Funds (ETFs), Solana (SOL)-based investment products have been leading the charge, fueled by strong demand despite the recent market volatility. As a new group of investment products based on the altcoin hits the market and SOLโs price starts to recover, some suggest that a rebound could be underway. Related Reading Solana ETFs Take Over The second wave of Solana ETFs has arrived in the market after the successful launch of SOL-based investment products. On Monday, VanEck debuted its Solana ETF (VSOL) on Nasdaq,…