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SEC Delays Decision on Invesco Galaxy Spot Ethereum ETF
7.5.2024
The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the Invesco Galaxy spot Ethereum exchange-traded fund (ETF).
The post SEC Delays Decision on Invesco Galaxy Spot Ethereum ETF appeared first on Cryptonews
US Spot Bitcoin ETFs See $217M Net Inflows as GBTC Posts Second Consecutive Day
7.5.2024
US spot Bitcoin ETFs saw a net inflow of $217 million on May 6th as Grayscale's GBTC recorded a second consecutive positive day after seeing outflows for 78 days.
The post US Spot Bitcoin ETFs See $217M Net Inflows as GBTC Posts Second Consecutive Day appeared first on Cryptonews
Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’
7.5.2024
Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength...
Bitcoin distribution 'danger zone' over, analysts say
6.5.2024
Bitcoin’s post-halving "danger zone" is over as Bitcoin establishes a firm footing above the $60,000 re-accumulation range, new analysis suggests
Hong Kong spot Bitcoin and Ether ETFs struggle to gain traction
6.5.2024
The exchange-traded funds only managed to attract around $22.5 million inflows during their first week of launch
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
6.5.2024
The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs
Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity
6.5.2024
The trade agreements between China and Hong Kong could allow mainland investors to access BTC ETF in Hong Kong
Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week
6.5.2024
Hong Kong's newly launched spot Ethereum and Bitcoin ETFs accumulate about $2.73 million in assets under management in just one week, outperforming futures ETFs by 80%.
The post Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week appeared first on Cryptonews
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
5.5.2024
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices...
Bitcoin Price Prediction as BTC Is Back Above $60,000 Before the Weekend – Bullish Week Incoming?
4.5.2024
Bitcoin surges past $63,200, boosted by halted rate hikes and fresh inflows into ETFs, suggesting a bullish trend ahead as market cap hits $2.36 trillion.
The post Bitcoin Price Prediction as BTC Is Back Above $60,000 Before the Weekend – Bullish Week Incoming? appeared first on Cryptonews
Grayscale’s Bitcoin Trust Halts 78-Day Outflow Streak With $63M Inflow
4.5.2024
Statistics indicate that after a prolonged period of 78 days, Grayscale’s Bitcoin Trust has ceased experiencing outflows, observing an infusion of $63 million on Friday, equating to around 1,030 bitcoins. GBTC Sees First Inflows After 78 Days For the time being, Grayscale’s Bitcoin...
Cryptocurrency ETF trading platform ETFSwap (ETFS) grows 1,000% ahead of launch
4.5.2024
The crypto industry is currently struggling against a bearish wind, which could be attributed to the post-halving sell-off by Bitcoin (BTC) miners. Several crypto assets in the crypto market, including Bitcoin (BTC) and Ethereum (ETH), have recorded severe drops in price value trading above $63,000...
SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
3.5.2024
The MicroStrategy executive speculated that the SEC would consider Ether, BNB, Solana, XRP, and Cardano unregistered crypto asset securities
Kraken Unit CEO Predicts Hong Kong Crypto ETFs to Surpass $1 Billion AUM by 2024
3.5.2024
The CEO of CF Benchmarks predicts that crypto ETFs in Hong Kong will overcome their lackluster start and accumulate over $1 billion in AUM by the end of 2024.
The post Kraken Unit CEO Predicts Hong Kong Crypto ETFs to Surpass $1 Billion AUM by 2024 appeared first on Cryptonews
Reps. Nickel and Flood Advocate for SEC Approval of Options on Spot Bitcoin ETFs
3.5.2024
US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay.
The post Reps. Nickel and Flood Advocate for SEC Approval...
Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg
3.5.2024
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs
Standard Chartered Warns Bitcoin Price Could Fall to $50K
3.5.2024
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk...
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
2.5.2024
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...
Bitcoin Price Prediction as Meme Coin Market Recovers – Time to Buy?
2.5.2024
With Bitcoin maintaining stability above $57,000 despite fluctuations in related ETFs, the meme coin market, led by surges in Popcat and Pepe, showcases enticing growth prospects.
The post Bitcoin Price Prediction as Meme Coin Market Recovers – Time to Buy? appeared first on Cryptonews
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
2.5.2024
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal...