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$BTC Steve Cohen’s Point72 Invests $77.5 Million in Bitcoin ETF Point72 is among several high-profile hedge funds allocating funds to spot Bitcoin ETFs. This group includes Paul Singer‘s Elliott Capital and Izzy Englander’s Millennium Management. As of March 31, these funds are the largest institutional investors with approximately $2 billion in fund allocations. This trend indicates increasing institutional interest and confidence in Bitcoin as an investment asset. #BitcoinETFBoom #BitcoinETFs! #BitcoinETFsMarketCap #ETFvsBTC
$BTC Steve Cohen’s Point72 Invests $77.5 Million in Bitcoin ETF

Point72 is among several high-profile hedge funds allocating funds to spot Bitcoin ETFs. This group includes Paul Singer‘s Elliott Capital and Izzy Englander’s Millennium Management. As of March 31, these funds are the largest institutional investors with approximately $2 billion in fund allocations. This trend indicates increasing institutional interest and confidence in Bitcoin as an investment asset.

#BitcoinETFBoom
#BitcoinETFs!
#BitcoinETFsMarketCap #ETFvsBTC
1. Types of Bitcoin ETFs Spot Bitcoin ETFs: These directly track the price of Bitcoin by holding the actual cryptocurrency. Futures-based Bitcoin ETFs: These track the price of Bitcoin futures contracts rather than holding actual Bitcoin. The first Bitcoin ETF approved by the SEC (ProShares Bitcoin Strategy ETF) is futures-based. 2. Recent Developments Market Demand: Growing institutional and retail demand for Bitcoin exposure through regulated financial products. New Applications: Continuous submissions of new Bitcoin ETF applications, with some targeting more innovative structures to address regulatory concerns. #BitcoinETFs #BitcoinHistory #BitcoinETFsMarketCap #SEC
1. Types of Bitcoin ETFs

Spot Bitcoin ETFs: These directly track the price of Bitcoin by holding the actual cryptocurrency.

Futures-based Bitcoin ETFs: These track the price of Bitcoin futures contracts rather than holding actual Bitcoin. The first Bitcoin ETF approved by the SEC (ProShares Bitcoin Strategy ETF) is futures-based.

2. Recent Developments Market

Demand: Growing institutional and retail demand for Bitcoin exposure through regulated financial products.

New Applications: Continuous submissions of new Bitcoin ETF applications, with some targeting more innovative structures to address regulatory concerns.

#BitcoinETFs #BitcoinHistory #BitcoinETFsMarketCap #SEC
Bankrupted FTX’s sale of Bitcoin ETF shares: Impacting the BTC market.🤔🤔🤑 #BTC #Ftx❓ #BitcoinETFsMarketCap #notcoin #CryptocurrencyPredictions .The recent news of bankrupted FTX's sale of Bitcoin ETF shares has sent shockwaves through the cryptocurrency market, particularly impacting the price of BTC. This unexpected development has left investors and traders on edge, wondering about the potential repercussions on the overall market dynamics. With FTX being a major player in the crypto space, its liquidation of Bitcoin ETF shares has triggered a wave of uncertainty and speculation among market participants. The sale of Bitcoin ETF shares by a bankrupted FTX has raised concerns about the stability and trustworthiness of cryptocurrency exchanges. Investors are now more cautious than ever, closely monitoring the market for any signs of further instability or price manipulation. The impact of this event on the BTC market has highlighted the need for greater transparency and regulatory oversight within the cryptocurrency industry to protect investors and ensure market integrity. As the crypto community grapples with the aftermath of FTX's sale of Bitcoin ETF shares, it is a stark reminder of the volatility and unpredictability inherent in digital assets. The implications of this event are far-reaching, prompting a reevaluation of risk management strategies and investment decisions. Moving forward, market participants need to stay informed, exercise caution, and advocate for greater safeguards to prevent similar incidents from occurring in the future. #FTX #BitcoinETF #BTCmarket #cryptocurrency #regulation
Bankrupted FTX’s sale of Bitcoin ETF shares: Impacting the BTC market.🤔🤔🤑

#BTC #Ftx❓ #BitcoinETFsMarketCap #notcoin #CryptocurrencyPredictions .The recent news of bankrupted FTX's sale of Bitcoin ETF shares has sent shockwaves through the cryptocurrency market, particularly impacting the price of BTC. This unexpected development has left investors and traders on edge, wondering about the potential repercussions on the overall market dynamics. With FTX being a major player in the crypto space, its liquidation of Bitcoin ETF shares has triggered a wave of uncertainty and speculation among market participants.
The sale of Bitcoin ETF shares by a bankrupted FTX has raised concerns about the stability and trustworthiness of cryptocurrency exchanges. Investors are now more cautious than ever, closely monitoring the market for any signs of further instability or price manipulation. The impact of this event on the BTC market has highlighted the need for greater transparency and regulatory oversight within the cryptocurrency industry to protect investors and ensure market integrity.
As the crypto community grapples with the aftermath of FTX's sale of Bitcoin ETF shares, it is a stark reminder of the volatility and unpredictability inherent in digital assets. The implications of this event are far-reaching, prompting a reevaluation of risk management strategies and investment decisions. Moving forward, market participants need to stay informed, exercise caution, and advocate for greater safeguards to prevent similar incidents from occurring in the future. #FTX #BitcoinETF #BTCmarket #cryptocurrency #regulation
Can Ethereum ETFs match the success of Bitcoin ETFs? 🧐 With Ethereum ETFs now trading since July 23, 2024, they hold the potential to attract significant inflows. Factors influencing their success include: Staking and Locked Assets: A significant portion of ETH is locked in staking, bridges, and smart contracts, reducing circulating supply and increasing price sensitivity. As of mid-2024, around 15% of ETH supply is staked in the Ethereum 2.0 contract, with additional amounts locked in DeFi protocols and bridges. Retail and Institutional Demand: Initial inflows are expected from retail investors due to easier access through ETFs. Institutional interest is likely to grow as wealth management platforms increase accessibility. Since Ethereum in ETFs doesn't earn staking rewards, it might not be as appealing to investors looking for regular returns. Comparison with Bitcoin ETFs: Bitcoin ETFs attracted $15.1 billion in the first five months, setting a benchmark for Ethereum ETFs. What are your thoughts on this? 🤔 #Ethereum #EthereumETF #BitcoinETFsMarketCap #InvestingRevolution #DeFi
Can Ethereum ETFs match the success of Bitcoin ETFs? 🧐

With Ethereum ETFs now trading since July 23, 2024, they hold the potential to attract significant inflows.

Factors influencing their success include:

Staking and Locked Assets:

A significant portion of ETH is locked in staking, bridges, and smart contracts, reducing circulating supply and increasing price sensitivity.
As of mid-2024, around 15% of ETH supply is staked in the Ethereum 2.0 contract, with additional amounts locked in DeFi protocols and bridges.

Retail and Institutional Demand:

Initial inflows are expected from retail investors due to easier access through ETFs. Institutional interest is likely to grow as wealth management platforms increase accessibility.
Since Ethereum in ETFs doesn't earn staking rewards, it might not be as appealing to investors looking for regular returns.

Comparison with Bitcoin ETFs:

Bitcoin ETFs attracted $15.1 billion in the first five months, setting a benchmark for Ethereum ETFs.

What are your thoughts on this? 🤔

#Ethereum #EthereumETF #BitcoinETFsMarketCap #InvestingRevolution #DeFi
Bitcoin Spot ETFs Experience $143M in Inflows, Marking Monthly HighThe recent surge in inflows to Bitcoin spot ETFs has been notable, with data from Farside Investors showing a net influx of $143.1 million on July 6. This marks the highest inflow for the month, following a dip in Bitcoin's price below $54,000, which investors viewed as a strategic buying opportunity. The substantial inflows into these ETFs, despite ongoing market volatility, indicate that institutional investors and large-scale buyers are seizing the chance to purchase Bitcoin at lower prices, bolstering their portfolios. Among the various funds, the Fidelity Wise Origin Bitcoin Fund (FBTC) led with an impressive $117 million in net inflows. The Bitwise Bitcoin ETF (BITB) followed closely with $30.2 million. Additionally, the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin Trust (HODL) saw inflows of $11.3 million and $12.8 million, respectively. Conversely, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $28.6 million. Hunter Horsley, CEO of Bitwise Asset Management, highlighted his team's efficiency in acquiring Bitcoin at a cost of less than half a basis point. He emphasized the strong outlook for Bitcoin and portrayed the current market conditions as a prime buying opportunity for both new and existing investors. "The outlook for Bitcoin has never been stronger. For many who don’t yet have exposure, this week is a chance to buy the dip," Horsley stated. During the first week of July, the Bitwise Bitcoin ETF (BITB) registered inflows exceeding $66 million, boosting its total Bitcoin $BTC holdings to over 38,000 BTC. The recent dip in Bitcoin's price, which fell to a five-month low of $53,905, was influenced by several factors, including the German government's BTC liquidations and the reimbursement of Bitcoin from the collapsed crypto exchange Mt. Gox. The exchange transferred 47,229 Bitcoin, worth approximately $2.71 billion at current prices, to a new wallet address in its first significant transaction since May. As Bitcoin continues to navigate through fluctuating market conditions, these substantial ETF inflows signal a strong institutional belief in the cryptocurrency's long-term value and potential for growth. #BitcoinETFsMarketCap #CryptoInvesting #BitcoinInflows #InstitutionalInvestors #BuyTheDip $BTC

Bitcoin Spot ETFs Experience $143M in Inflows, Marking Monthly High

The recent surge in inflows to Bitcoin spot ETFs has been notable, with data from Farside Investors showing a net influx of $143.1 million on July 6. This marks the highest inflow for the month, following a dip in Bitcoin's price below $54,000, which investors viewed as a strategic buying opportunity.
The substantial inflows into these ETFs, despite ongoing market volatility, indicate that institutional investors and large-scale buyers are seizing the chance to purchase Bitcoin at lower prices, bolstering their portfolios.
Among the various funds, the Fidelity Wise Origin Bitcoin Fund (FBTC) led with an impressive $117 million in net inflows. The Bitwise Bitcoin ETF (BITB) followed closely with $30.2 million. Additionally, the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin Trust (HODL) saw inflows of $11.3 million and $12.8 million, respectively. Conversely, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $28.6 million.
Hunter Horsley, CEO of Bitwise Asset Management, highlighted his team's efficiency in acquiring Bitcoin at a cost of less than half a basis point. He emphasized the strong outlook for Bitcoin and portrayed the current market conditions as a prime buying opportunity for both new and existing investors. "The outlook for Bitcoin has never been stronger. For many who don’t yet have exposure, this week is a chance to buy the dip," Horsley stated. During the first week of July, the Bitwise Bitcoin ETF (BITB) registered inflows exceeding $66 million, boosting its total Bitcoin $BTC holdings to over 38,000 BTC.
The recent dip in Bitcoin's price, which fell to a five-month low of $53,905, was influenced by several factors, including the German government's BTC liquidations and the reimbursement of Bitcoin from the collapsed crypto exchange Mt. Gox. The exchange transferred 47,229 Bitcoin, worth approximately $2.71 billion at current prices, to a new wallet address in its first significant transaction since May.
As Bitcoin continues to navigate through fluctuating market conditions, these substantial ETF inflows signal a strong institutional belief in the cryptocurrency's long-term value and potential for growth.
#BitcoinETFsMarketCap #CryptoInvesting #BitcoinInflows #InstitutionalInvestors #BuyTheDip $BTC
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