Tag: Investors

Peter Schiff doubts BTC investors will ‘hodl’ after weekend

Economist and cryptocurrency critic Peter Schiff recently shared his views on the recent introduction of Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. market. Schiff’s remarks came as the Bitcoin price nosedived shortly after the launch of 11 Bitcoin ETFs, wiping out most of the gains of 2024.  The media personality’s perspective, shared on his social media account on Jan. 13, suggests that the initial investors of these ETFs may be ruining their decisions. Bitcoin has already fallen from just above $49K yesterday, to just below $42K today. That’s over…

Here’s what a bitcoin ETF actually means for investors

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Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of the U.S. The agency gave the green light on Wednesday to sponsors of 10 ETFs, including BlackRock, Invesco, Fidelity, Grayscale, and Ark Invest — paving the way for these funds to begin trading as soon as this week. The move was largely expected, even after a social media hacking snag. A false statement saying the regulator had approved a bitcoin ETF was published…

Is Cardano The Next Solana? Institutional Investors Clamor For ADA Exposure

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Crypto asset investment products started the year on a positive note, with Cardano making a comeback despite going on a price decline last week. According to the latest digital asset fund flow from CoinShares, crypto products saw total inflows of $151 million in the first week of 2024.  Unsurprisingly, a larger part of this inflow went into Bitcoin, with Ethereum closely following behind. However, Cardano products also picked up steam during the week, attracting notable inflows compared to other altcoins.  Cardano Attracting Institutional Altcoin Investors Institutional investors poured a notable…

Spot Bitcoin ETF set for launch; Solana and Rebel Satoshi attract investors

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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 crypto world is abuzz with anticipation as the Securities and Exchange Commission (SEC) gears up to make a significant ruling on 14 money managers’ applications to launch their spot Bitcoin exchange-traded funds (ETFs).  This potential green light could mark a watershed moment for Bitcoin, bringing it closer to becoming a staple in everyday investment portfolios. Wall Street titans and crypto pioneers unite Among the applicants are financial behemoths…

Solana dumps below $90 as investors accumulate presale coin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the past week, Solana (SOL) fell 11% to as low as $85 before recovering towards $100. With top altcoins under pressure, investors have been turning to alternatives like Galaxy Fox (GFOX), whose presale has raised over $2.5 million. Galaxy Fox presale status The Galaxy Fox presale has raised over $2.5 million.  The project offers a web3 game, NFTs, a marketplace, a staking platform, merchandise, and a token burn feature. The…

Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox 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. Investors are awaiting the approval of spot Bitcoin ETFs in the U.S. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisers believe it will come through in 2024. As a result, investors are turning to Galaxy Fox (GFOX) to diversify their portfolios. Spot Bitcoin ETF poll According to a recent Bitwise poll, fewer than half of advisers expect a Bitcoin ETF to be…

A Game-Changer For MATIC Investors?

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In today’s charts, Polygon (MATIC) is flashing red, losing 4.6% and 14.2% over the course of 24 and seven days, respectively. However, despite the poor showing, there was hope for fresh interest because of the recent developments. Focus is on the SAGA airdrop, which attracted over 26,000 Polygon users who used Polygon’s zkEVM Bridge for Ethereum transactions or participated in MATIC staking. Developers can start their own “chainlets” with the future blockchain protocol Saga. NEW: The $SAGA (@Sagaxyz__) airdrop is available to 26K+ Polygon users who staked $MATIC or bridged…

PEPE, BONK fall, investors watching Sponge token

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Meme coins have struggled over the last 24 hours with PEPE and BONK sliding by 2.51% and 5.2%, respectively. However, traders are backing Sponge V2 to rally as its buy-and-stake campaign rises to $1.9 million. Pepe and Bonk dropping A flash crash in the market caused crypto prices across the board to plunge. However, leading meme coins were among the worst affected, with PEPE and Bonk dropping by double…

Cryptocurrency investors eagerly await SEC ruling on bitcoin ETFs

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Omar Marques | Lightrocket | Getty Images Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected.  13 companies have filed for a spot bitcoin ETF:  Grayscale Bitcoin Trust Ark/21 Shares Bitcoin Trust Bitwise Bitcoin ETF Trust BlackRock Bitcoin ETF Trust VanEck Bitcoin Trust WisdomTree Bitcoin Trust Valkyrie Bitcoin Fund Invesco Galaxy Bitcoin ETF Fidelity Wise Origin Bitcoin Trust Global X Bitcoin Trust Hashdex Bitcoin ETF Franklin Templeton Digital…