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CryptoAlex
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🗞 CryptoNews of the Day 🗞 Glassnode: Bitcoin ETF To Unlock $70B in New Demand: A new report predicts up to $70 billion could pour into Bitcoin if a spot ETF is approved. #ETFBuzz #ETFTrends #ETFRally #EmotionalInvesting

🗞 CryptoNews of the Day 🗞

Glassnode: Bitcoin ETF To Unlock $70B in New Demand: A new report predicts up to $70 billion could pour into Bitcoin if a spot ETF is approved.

#ETFBuzz #ETFTrends #ETFRally #EmotionalInvesting

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✔️ The Hong Kong regulator (SFC) has updated its list of virtual asset management funds and may approve the launch of the first spot Bitcoin ETFs on April 15. It will take about 2 weeks for the Hong Kong Stock Exchange to prepare the product for launch.
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Morning market conditions The market is down today, most of the alts are red. BTC is now trading around $69,200, ETH is trading around $3,530. Bitcoin dominance: 54.27%; Fear and Greed Index: 78 (extreme greed); Altseason Index: 45; Market capitalization: $2.513 trillion.
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📉 Outflows from spot BTC-ETFs totaled $223 million yesterday 🔽The Grayscale ETF had a one-day outflow of $303 million. 🔼Bitwise ETF saw inflows of ~$40.33 million.
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✔️ BTC at $70,200, ETH at $3,630. Fear and Greed Index - 80 (Greed). The altcoin season index is 47. The market capitalization is $2.56 trillion. 👇 From the news: Arthur Hayes predicts a correction of BTC before and after the halving. 💰 CoinShares : Last week saw $646 million in inflows into crypto funds. 😉 Santiment notes the strength of ERC-20 tokens amid ETH growth. Thoughts on coins: 📉 Applicants for Short: - NEO - HIGH 📈 Applicants for Long: - DYM - PYTH
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Ripple CEO: cryptoasset market size will reach $5 trillion by the end of 2024 Ripple Labs CEO Brad Garlinghouse believes that by the end of 2024, the market will double and its volume will reach $5 trillion. Macro factors such as the approval of spot bitcoin-ETFs and the upcoming halving will have a positive impact on the industry, he said.
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