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Gutsul Crypto News
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❗️ BlackRock's Bitcoin ETF becomes the world's largest $BTC fund. 🏢 The iShares Bitcoin Trust (IBIT) by BlackRock, a spot Bitcoin ETF, has become one of the largest holders of the leading cryptocurrency in the world, accumulating nearly $20 billion since its listing in the US earlier this year. 🔍 As of Tuesday, BlackRock's fund held $19.68 billion in $BTC, surpassing the Grayscale Bitcoin Trust with assets of $19.65 billion. The third spot was held by Fidelity Investments with $11.1 billion. ⚖️ The launch of spot Bitcoin ETFs marked a pivotal moment for cryptocurrencies, making Bitcoin more accessible to institutional investors and driving the price of $BTC to $73,798 in March. 😁 Let's start trading spot Ethereum ETFs already. We're eagerly awaiting it. #BlackRock #BitcoinETF #BTC #IBIT #iSharesBitcoinTrust 💵 If you found this helpful, consider showing your support by tipping me through the Binance Tipping feature. Your generosity will help me continue to provide high-quality content. Thank you!

❗️ BlackRock's Bitcoin ETF becomes the world's largest $BTC fund.

🏢 The iShares Bitcoin Trust (IBIT) by BlackRock, a spot Bitcoin ETF, has become one of the largest holders of the leading cryptocurrency in the world, accumulating nearly $20 billion since its listing in the US earlier this year.

🔍 As of Tuesday, BlackRock's fund held $19.68 billion in $BTC, surpassing the Grayscale Bitcoin Trust with assets of $19.65 billion. The third spot was held by Fidelity Investments with $11.1 billion.

⚖️ The launch of spot Bitcoin ETFs marked a pivotal moment for cryptocurrencies, making Bitcoin more accessible to institutional investors and driving the price of $BTC to $73,798 in March.

😁 Let's start trading spot Ethereum ETFs already. We're eagerly awaiting it.

#BlackRock #BitcoinETF #BTC #IBIT #iSharesBitcoinTrust

💵 If you found this helpful, consider showing your support by tipping me through the Binance Tipping feature. Your generosity will help me continue to provide high-quality content. Thank you!

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🟠Monday! Fresh juice! Guys, hello! What's important to know today? The total market capitalization hasn't changed much and remains at $2.68 trillion. However, #Bitcoin prices started rising during the Asian trading session this morning, adding 2.5% and reaching $69,120 at the time of writing this article. Trading is in a narrow range as at the end of May it failed again to surpass the $70,000 mark. Realized profits of short-term holders dropped by 32%, signaling a lack of desire to take profits at current levels, essentially expecting further growth. New investors entered at $66k-$68k, forming a support plateau. #Ethereum recovered minor losses and returned to $3,832, while altcoins remained almost unchanged, except Toncoin, which gained 10% over the past 24 hours, and OM MANTRA, which we held with you, grew significantly over the weekend. Binance is delisting its trading pairs, namely: OMG/USDT WAVES/BTC WAVES/ETH WAVES/TRY WAVES/USDT WNXM/USDT XEM/USDT Also, analysts' wet fantasies predict BTC price at $150k in early autumn. There is an opinion that monitoring US financial reports is useful for accurate price forecasting. Editorial opinion. From a high tower on their reports, the most influential are the CPI inflation reports, especially for short-termers. That's all. Are you cypherpunks or what? Wishing everyone a great week! Patience! Universal cash flow to everyone!
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After the approval of Ethereum spot ETFs, the outflow from cryptocurrency exchanges amounted to over 800,000 ETH. Around 777,000 ETH worth $3 billion were withdrawn from centralized exchanges. It's quite possible that institutional investors are behind the outflow, awaiting regulatory approval and the launch of spot ETF ETH trading. We're waiting for trading to start in late June to early July to see what inflows occur.
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🤑 TON is considered the most undervalued crypto asset. TON is trading in the range of $6.2-$6.7, while Notcoin has grown by over 350% in the last week. Hamster Combat and Catizen, the two most promising Telegram projects with a combined player base of 72 million, are set to launch on the TON network soon. It is believed that the accumulation zone for TON is between $6.2 and $6.7, and that this summer the price will rise above $10.
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🤓 CNBC: Financial advisors still wary of Bitcoin According to an analytical article from CNBC, Bitcoin ETFs have yet to gain the trust of financial advisors. Many brokers are primarily concerned about the lack of a clear regulatory framework. However, they believe Bitcoin could become a good financial instrument if it demonstrates stability and a long-term presence in the market. They hope that consistent inflows into ETFs over many years will help reduce its volatility. The article also mentions that Bitcoin ETFs are of interest to young brokers and clients who are already familiar with cryptocurrencies.
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GME surged by 237% after Roaring Kitty's return to Reddit Dedicated to financial analyst Keith Gill, known as Roaring Kitty, and GameStop, meme coins saw rapid growth following his Reddit post. After three years of silence, he posted about his $65.7 million call options on GameStop securities, as well as his $115.7 million worth of company shares. Following the post, there were surges: - GameStop shares jumped by 75% in pre-market trading; - GameStop meme coin (GME) rose in price by 237%; - KITTY meme coin surged by 476% in a day; - ROAR token saw a 660% increase.
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