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@Krypto1signals
crypto learning and earing
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#altcoin
#gamifi
#Difiproject
#IndiaCryptoRevolution
#ETFsApproval
If you want to make big profits by keeping your funds 100% safe then follow my channel and comment if you want premium signals.@Krypto1signal
#gamifi
#Difiproject
#IndiaCryptoRevolution
#ETFsApproval
If you want to make big profits by keeping your funds 100% safe then follow my channel and comment if you want premium signals.@Krypto1signal
#BTC
#BTC-ETF.
#ETH
@Krypto1signal
JP Morgan Predicts Up to $35
Billion Inflows into New Bitcoin
ETFs
According to Coin News, J.P. Morgan has
expressed skepticism about the amount of fresh
capital that new spot bitcoin exchange-traded
funds (ETFs) will attract. In a recent research
report, the bank stated that while the market
reaction to the U.S. Securities and Exchange
Commission's (SEC) approval of spot bitcoin ETFs
has been relatively muted, it does expect
significant funds to rotate from existing crypto
products into the newly created ETFs. Even if no
new capital enters the cryptocurrency market,
the new ETFs could still attract inflows of up to
$36 billion.
P. Morgan estimates that about $3 billion could
exit the Grayscale Bitcoin Trust (GBTC) and
migrate to the new spot ETFs as a result of
investors taking profit after buying discounted
GBTC shares in the secondary market in the last
year. The bank also sees up to $20 billion from
retail investors migrating from digital wallets held
at crypto exchanges to the new ETFs. Grayscale's
high fees could trigger outflows, and unless it
lowers its rates towards the level set by Blackrock
and other providers, an additional $5 billion-$10
billion could exit GBTC relatively quickly to
migrate towards cheaper spot bitcoin ETFs.
Institutional investors that hold their crypto in
fund format could shift from futures-based ETFs
and GBTC to cheaper spot ETFs, especially if
GBTC is slow to cut its fees, the report added.
$BTC $SEC $ETF $GBTC $US $BNB
#BTC-ETF.
#ETH
@Krypto1signal
JP Morgan Predicts Up to $35
Billion Inflows into New Bitcoin
ETFs
According to Coin News, J.P. Morgan has
expressed skepticism about the amount of fresh
capital that new spot bitcoin exchange-traded
funds (ETFs) will attract. In a recent research
report, the bank stated that while the market
reaction to the U.S. Securities and Exchange
Commission's (SEC) approval of spot bitcoin ETFs
has been relatively muted, it does expect
significant funds to rotate from existing crypto
products into the newly created ETFs. Even if no
new capital enters the cryptocurrency market,
the new ETFs could still attract inflows of up to
$36 billion.
P. Morgan estimates that about $3 billion could
exit the Grayscale Bitcoin Trust (GBTC) and
migrate to the new spot ETFs as a result of
investors taking profit after buying discounted
GBTC shares in the secondary market in the last
year. The bank also sees up to $20 billion from
retail investors migrating from digital wallets held
at crypto exchanges to the new ETFs. Grayscale's
high fees could trigger outflows, and unless it
lowers its rates towards the level set by Blackrock
and other providers, an additional $5 billion-$10
billion could exit GBTC relatively quickly to
migrate towards cheaper spot bitcoin ETFs.
Institutional investors that hold their crypto in
fund format could shift from futures-based ETFs
and GBTC to cheaper spot ETFs, especially if
GBTC is slow to cut its fees, the report added.
$BTC $SEC $ETF $GBTC $US $BNB
India and China
Cryptocurrency Exchange
Ban: Unraveling the Latest
Developments (Don't panic)
Cryptocurrency exchanges have been a
focal point in the regulatory landscape of
both India and China, as authorities
grapple with how to manage the
burgeoning industry. The latest updates
from these two economic giants shed light
on their exapproaches to controlling the
exchange of digital assets.
India's Evolving Policies:
India has been navigating the regulatory
landscape for cryptocurrency exchanges
with a mix of caution and adaptation. In
the early days, the Reserve Bank of India
(RBI) imposed a banking ban on these
exchanges, causing disruptions. However,
the Supreme Court overturned the ban in
2020, providing a temporary respite for the
industry.
As of the latest update, India has not
imposed a blanket ban on cryptocurrency
exchanges. The government appears to be
leaning towards a regulatory framework to
address concerns such as money
laundering, fraud, and investor protection.
The aim is to strike a balance between
fostering innovation in the crypto space
and ensuring financial stability.
China's Ongoing Crackdown:
In stark contrast, China has been taking an
aggressive stance against cryptocurrency
exchanges. The country has a history of
shutting down these platforms, starting
with the ban on initial coin offerings (ICOs)
and exchanges in 2017. #trendingtoday
The latest wave of crackdowns in 2021
targeted not only cryptocurrency mining
but also forced the closure of numerous
exchanges. Chinese authorities expressed
concerns about financial risks associated
with trading cryptocurrencies and the
potential for these markets to facilitate
illicit activities.
China's approach emphasizes central
control over the financial system, with
clear aversion to decentralized and
unregulated digital currencies.
#BTC
#ETH
#SOL
#XAI
#etf
#cryptodumping
#Indiaban
@Krypto1signal
Cryptocurrency Exchange
Ban: Unraveling the Latest
Developments (Don't panic)
Cryptocurrency exchanges have been a
focal point in the regulatory landscape of
both India and China, as authorities
grapple with how to manage the
burgeoning industry. The latest updates
from these two economic giants shed light
on their exapproaches to controlling the
exchange of digital assets.
India's Evolving Policies:
India has been navigating the regulatory
landscape for cryptocurrency exchanges
with a mix of caution and adaptation. In
the early days, the Reserve Bank of India
(RBI) imposed a banking ban on these
exchanges, causing disruptions. However,
the Supreme Court overturned the ban in
2020, providing a temporary respite for the
industry.
As of the latest update, India has not
imposed a blanket ban on cryptocurrency
exchanges. The government appears to be
leaning towards a regulatory framework to
address concerns such as money
laundering, fraud, and investor protection.
The aim is to strike a balance between
fostering innovation in the crypto space
and ensuring financial stability.
China's Ongoing Crackdown:
In stark contrast, China has been taking an
aggressive stance against cryptocurrency
exchanges. The country has a history of
shutting down these platforms, starting
with the ban on initial coin offerings (ICOs)
and exchanges in 2017. #trendingtoday
The latest wave of crackdowns in 2021
targeted not only cryptocurrency mining
but also forced the closure of numerous
exchanges. Chinese authorities expressed
concerns about financial risks associated
with trading cryptocurrencies and the
potential for these markets to facilitate
illicit activities.
China's approach emphasizes central
control over the financial system, with
clear aversion to decentralized and
unregulated digital currencies.
#BTC
#ETH
#SOL
#XAI
#etf
#cryptodumping
#Indiaban
@Krypto1signal
#BTC
#ETH
#ETF
unless something changes
drastically, $49k may have been the top.
This is important. Historically #Bitcoin will
pullback going into the
#BitcoinHalvingEvent
1st halving - 48%,
-40%, -48%, and now the halving is a few
months away. I'm going with $28.8k
summer lows as my main target for some
wick action, but 34k, 32k, 30k, this isn't
for #Leverage so it makes little difference
to me in the long run. Some time has
passed since my last post, but nothing has
changed. We are right on track. $BTC
$FIL
$FTM $SOL $BLUR
@Krypto1signal
#ETH
#ETF
unless something changes
drastically, $49k may have been the top.
This is important. Historically #Bitcoin will
pullback going into the
#BitcoinHalvingEvent
1st halving - 48%,
-40%, -48%, and now the halving is a few
months away. I'm going with $28.8k
summer lows as my main target for some
wick action, but 34k, 32k, 30k, this isn't
for #Leverage so it makes little difference
to me in the long run. Some time has
passed since my last post, but nothing has
changed. We are right on track. $BTC
$FIL
$FTM $SOL $BLUR
@Krypto1signal
GM FRIENDS
BIGGEST NEWS
#baned
#BTC
#india
Just In: India Bans Major Crypto
Exchanges
Don't Panic! Your Funds are Safe 700
India blocked access to websites of
several offshore crypto exchanges,
including Binance, Kucoin, OKX, Gate.io
and many others on January 12. This
action followed the removal of these
platforms from the Apple App Store in the
country just a few days earlier.
The move is a consequence of the finance
ministry issuing show-cause notices to
these platforms on December 28, citing
non-compliance with the country's money
laundering laws.
The notice was directed at Binance,
Kucoin, Houbi, Kraken, Gate.io, Bittrex,
Bitstamp, MEXC Global, and Bitfinex,
accusing them of operating illegally in
India by failing to register and adhere to
local tax regulations.
In response to the alleged violations, the
finance ministry instructed the information
technology ministry to block the URLs of
these platforms, leading to the recent
website restrictions. However, the
websites of thse exchanges can still be
accessed through VPNs.
Binance Assures Indian Users Their Funds
are Safe.
Confirming the situation, Binance sent an
email to its customers in India, clarifying
that it only impacts users attempting to
access the Indian iOS app store or the
Binance website from India. However,
existing users with the Binance app are
reportedly unaffected by the restriction.
Binance emphasized its commitment to
complying with local regulations and laws,
asserting active communication with
regulators to ensure user protection and
foster the development of a healthy Web3
industry.
@Krypto1signal
BIGGEST NEWS
#baned
#BTC
#india
Just In: India Bans Major Crypto
Exchanges
Don't Panic! Your Funds are Safe 700
India blocked access to websites of
several offshore crypto exchanges,
including Binance, Kucoin, OKX, Gate.io
and many others on January 12. This
action followed the removal of these
platforms from the Apple App Store in the
country just a few days earlier.
The move is a consequence of the finance
ministry issuing show-cause notices to
these platforms on December 28, citing
non-compliance with the country's money
laundering laws.
The notice was directed at Binance,
Kucoin, Houbi, Kraken, Gate.io, Bittrex,
Bitstamp, MEXC Global, and Bitfinex,
accusing them of operating illegally in
India by failing to register and adhere to
local tax regulations.
In response to the alleged violations, the
finance ministry instructed the information
technology ministry to block the URLs of
these platforms, leading to the recent
website restrictions. However, the
websites of thse exchanges can still be
accessed through VPNs.
Binance Assures Indian Users Their Funds
are Safe.
Confirming the situation, Binance sent an
email to its customers in India, clarifying
that it only impacts users attempting to
access the Indian iOS app store or the
Binance website from India. However,
existing users with the Binance app are
reportedly unaffected by the restriction.
Binance emphasized its commitment to
complying with local regulations and laws,
asserting active communication with
regulators to ensure user protection and
foster the development of a healthy Web3
industry.
@Krypto1signal
CRYPTO NEWSPAPER 📰🧐🧐
Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, is Bad News?
Hong Kong Virtual Asset Rating Agency (HKVAC) listed some cryptos but delisted XRP, Arbitrum (ARB) and nine others.
Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.
Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.
Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, is Bad News?
Hong Kong Virtual Asset Rating Agency (HKVAC) listed some cryptos but delisted XRP, Arbitrum (ARB) and nine others.
Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.
Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.
BUG NEW 👁️
#KASToken
#KAS
#Bullrun
Will Kaspa (KAS) Reach $2 to $4 in 2024?
In a recent video analysis, cryptocurrency educator Crypto BULLGod makes an optimistic case for the Kaspa cryptocurrency (KAS) potentially reaching $2-$4 USD in 2024. He provides an in-depth review of Kaspa’s current market position and future growth prospects.
Current Market Analysis
Crypto BULLGod begins by examining Kaspa’s latest price action, identifying a bullish pennant formation after substantial gains. He notes the importance of sustainable upwards momentum, with a near-term target of around 38 cents. This analysis sets the foundation for his longer-term prediction.
#KASToken
#KAS
#Bullrun
Will Kaspa (KAS) Reach $2 to $4 in 2024?
In a recent video analysis, cryptocurrency educator Crypto BULLGod makes an optimistic case for the Kaspa cryptocurrency (KAS) potentially reaching $2-$4 USD in 2024. He provides an in-depth review of Kaspa’s current market position and future growth prospects.
Current Market Analysis
Crypto BULLGod begins by examining Kaspa’s latest price action, identifying a bullish pennant formation after substantial gains. He notes the importance of sustainable upwards momentum, with a near-term target of around 38 cents. This analysis sets the foundation for his longer-term prediction.
BIG NEWS 👁️👁️
#ADA
#ETH
#XRP
Bitcoin Slips, But Sentiment for Altcoins Remains Strong: Traders Eye $ADA , $XRP , and $ETH
According to the latest analysis from on-chain analytics firm Santiment, trader sentiment remains quite bullish towards many top market cap cryptoassets, likely due to the recent excitement around the SEC approving Bitcoin futures ETFs. Santiment noted particularly high optimism towards Ethereum and XRP at the moment.
“As the weekend has kicked off, sentiment toward top cap assets remain at extremely optimistic levels with spotlights on them following the #ETF approvals. Traders are particularly #bullish toward #Ethereum after its market value climbed above $2,700 for the first time since May, 2022. There is also a notable #bull bias toward #Bitcoin and #XRPNetwork. While traders are discussing the possibility of $ETH or $XRP #ETFApproval possibilities, #Cardano is overlooked compared to its normal level of trader optimism.” noted Santiment
FOLLOW my channel @Krypto1signal
#ADA
#ETH
#XRP
Bitcoin Slips, But Sentiment for Altcoins Remains Strong: Traders Eye $ADA , $XRP , and $ETH
According to the latest analysis from on-chain analytics firm Santiment, trader sentiment remains quite bullish towards many top market cap cryptoassets, likely due to the recent excitement around the SEC approving Bitcoin futures ETFs. Santiment noted particularly high optimism towards Ethereum and XRP at the moment.
“As the weekend has kicked off, sentiment toward top cap assets remain at extremely optimistic levels with spotlights on them following the #ETF approvals. Traders are particularly #bullish toward #Ethereum after its market value climbed above $2,700 for the first time since May, 2022. There is also a notable #bull bias toward #Bitcoin and #XRPNetwork. While traders are discussing the possibility of $ETH or $XRP #ETFApproval possibilities, #Cardano is overlooked compared to its normal level of trader optimism.” noted Santiment
FOLLOW my channel @Krypto1signal
#Dogecoin2024
#Doge
#Cryptonews
#Bullrun
@Krypto1signal
Crypto Analyst Predicts 800% Rally As Dogecoin Enters Buy Zone...
Since falling back below the $0.09 level, the dogecoin bulls have struggled to maintain control of the price. With bearish and selling pressure mounting, the best-case scenario was that the meme coin would once again enter an accumulation zone that could help provide support.
According to a crypto analyst who goes by CryptoCheck on TradingView, the DOGE price may have finally entered this buy zone. The analyst analyzes the DOGE price on different time frames such as the four-hour and the weekly frame, coming up with a rather bullish narrative for the coin.
On the 4-hour timeframe, the meme coin showed a lot of strength as a recovery rocked the crypto market. Then moving on to the weekly timeframe, the analyst points out that Dogecoin is currently flashing a buy signal for investors to get back in. This buy signal comes between the $0.078 and $0.084 levels.
Now, the levels highlighted for buying here coincide with the analysis from crypto analyst Skew who explained that the risk-reward above $0.087 is higher for investors who are looking to get in on the asset. These levels could present the best buying opportunity before the next leg-up.
DOGE Price Could Fly 800%
CryptoCheck’s analyst also predicts a lot of potential upside for the Dogecoin price. They point out that DOGE has gone from a joke to a prominent crypto and this is thanks to the community which has continued to support its growth and development.
FOLLOW my channel @Krypto1signal
#Doge
#Cryptonews
#Bullrun
@Krypto1signal
Crypto Analyst Predicts 800% Rally As Dogecoin Enters Buy Zone...
Since falling back below the $0.09 level, the dogecoin bulls have struggled to maintain control of the price. With bearish and selling pressure mounting, the best-case scenario was that the meme coin would once again enter an accumulation zone that could help provide support.
According to a crypto analyst who goes by CryptoCheck on TradingView, the DOGE price may have finally entered this buy zone. The analyst analyzes the DOGE price on different time frames such as the four-hour and the weekly frame, coming up with a rather bullish narrative for the coin.
On the 4-hour timeframe, the meme coin showed a lot of strength as a recovery rocked the crypto market. Then moving on to the weekly timeframe, the analyst points out that Dogecoin is currently flashing a buy signal for investors to get back in. This buy signal comes between the $0.078 and $0.084 levels.
Now, the levels highlighted for buying here coincide with the analysis from crypto analyst Skew who explained that the risk-reward above $0.087 is higher for investors who are looking to get in on the asset. These levels could present the best buying opportunity before the next leg-up.
DOGE Price Could Fly 800%
CryptoCheck’s analyst also predicts a lot of potential upside for the Dogecoin price. They point out that DOGE has gone from a joke to a prominent crypto and this is thanks to the community which has continued to support its growth and development.
FOLLOW my channel @Krypto1signal
#TSLA
#cryptocurrecny
Cathie Wood’s Ark Invest Sells Coinbase & Robinhood Shares, Buys Tesla
On the first day of spot Bitcoin ETF trading, Cathie Wood’s Ark Invest sold a total of 31,281 Coinbase shares worth over $4.5 million, as per trades seen by CoinGape.
ARK Innovation ETF (ARKK) sold 26,301 Coinbase shares and ARK Next Generation Internet ETF (ARKW) offloaded 4,980 COIN shares.
The recent Coinbase selloff spree went in favor of Ark Invest as COIN price fell 17% this week as spot Bitcoin ETF comes about as a “sell the news” event. Coinbase stock price closed 7.35% lower at $130.78 on Friday.
In addition, ARK funds offloaded 366,406 Robinhood Markets (HOOD) shares worth over $4 million in the last two days. ARK Innovation ETF (ARKK) sold 342,519 HOOD shares and ARK Next Generation Internet ETF (ARKW) offloaded 23,887 HOOD shares.
HOOD price closed 5.89% lower at $11.02 on Friday. Robinhood Markets stock price tumbled 7.86% this week amid selloffs due to spot Bitcoin ETFs.
Cathie Wood Turns To Tesla
While Ark Invest funds continued to offload crypto shares amid spot Bitcoin ETF trades, they purchased a total of 224,277 Tesla (TSLA) shares worth nearly $50 million in the last 2 days. Cathie Wood started buying Tesla shares again in December after selling them for months.
ARK Innovation ETF (ARKK) bought 188,387 Tesla shares and ARK Next Generation Internet ETF (ARKW) purchased 35,890 TSLA shares.
TSLA price closed at $218.89 on Friday, down 3.67%. Elon Musk’s Tesla stock price dropped 7.32% this week.
FOLLOW my channel @Krypto1signal
#cryptocurrecny
Cathie Wood’s Ark Invest Sells Coinbase & Robinhood Shares, Buys Tesla
On the first day of spot Bitcoin ETF trading, Cathie Wood’s Ark Invest sold a total of 31,281 Coinbase shares worth over $4.5 million, as per trades seen by CoinGape.
ARK Innovation ETF (ARKK) sold 26,301 Coinbase shares and ARK Next Generation Internet ETF (ARKW) offloaded 4,980 COIN shares.
The recent Coinbase selloff spree went in favor of Ark Invest as COIN price fell 17% this week as spot Bitcoin ETF comes about as a “sell the news” event. Coinbase stock price closed 7.35% lower at $130.78 on Friday.
In addition, ARK funds offloaded 366,406 Robinhood Markets (HOOD) shares worth over $4 million in the last two days. ARK Innovation ETF (ARKK) sold 342,519 HOOD shares and ARK Next Generation Internet ETF (ARKW) offloaded 23,887 HOOD shares.
HOOD price closed 5.89% lower at $11.02 on Friday. Robinhood Markets stock price tumbled 7.86% this week amid selloffs due to spot Bitcoin ETFs.
Cathie Wood Turns To Tesla
While Ark Invest funds continued to offload crypto shares amid spot Bitcoin ETF trades, they purchased a total of 224,277 Tesla (TSLA) shares worth nearly $50 million in the last 2 days. Cathie Wood started buying Tesla shares again in December after selling them for months.
ARK Innovation ETF (ARKK) bought 188,387 Tesla shares and ARK Next Generation Internet ETF (ARKW) purchased 35,890 TSLA shares.
TSLA price closed at $218.89 on Friday, down 3.67%. Elon Musk’s Tesla stock price dropped 7.32% this week.
FOLLOW my channel @Krypto1signal
#ETH
#SOL
#PUSHD
ETH millionaire buys into the newly launched Pushd (PUSHD) presale as SOL peaks above $100
In the expansive realm of cryptocurrencies, Solana (SOL) has recently gained traction, challenging the prominence of Bitcoin. Following a brief decline, Solana (SOL) has rebounded to reach the $100 milestone. While this resurgence garners attention, an Ethereum investor is turning their gaze to a fresh prospect – Pushd (PUSHD).
Solana (SOL)’s Rebound and Introduction to Pushd (PUSHD)
Solana (SOL) continues to carve its path in the cryptocurrency landscape. With a short-term bullish pattern against USDT, Solana (SOL) is eyeing a potential target of $110. The network’s increased activity, particularly with the rise of its memecoin Bonk (BONK), suggests a growing engagement from users.
Key Features of Pushd (PUSHD)
Pushd’s appeal lies in its simplicity and distinctive features. No lengthy KYC procedures are required – users can easily sign up. Vendors can list items swiftly, choosing fixed prices or auctions. The platform supports various cryptocurrencies for transactions and even provides a swap service for currency exchanges.
Pushd is more than just user-friendly; it stands out as the world’s first decentralized online marketplace built on the blockchain. This ensures enhanced security, transparency, and decentralized governance. Transaction fees are notably lower than in traditional marketplaces, and deposits and withdrawals occur instantly, bypassing the usual waiting periods.
FOLLOW my channel @Krypto1signal
#SOL
#PUSHD
ETH millionaire buys into the newly launched Pushd (PUSHD) presale as SOL peaks above $100
In the expansive realm of cryptocurrencies, Solana (SOL) has recently gained traction, challenging the prominence of Bitcoin. Following a brief decline, Solana (SOL) has rebounded to reach the $100 milestone. While this resurgence garners attention, an Ethereum investor is turning their gaze to a fresh prospect – Pushd (PUSHD).
Solana (SOL)’s Rebound and Introduction to Pushd (PUSHD)
Solana (SOL) continues to carve its path in the cryptocurrency landscape. With a short-term bullish pattern against USDT, Solana (SOL) is eyeing a potential target of $110. The network’s increased activity, particularly with the rise of its memecoin Bonk (BONK), suggests a growing engagement from users.
Key Features of Pushd (PUSHD)
Pushd’s appeal lies in its simplicity and distinctive features. No lengthy KYC procedures are required – users can easily sign up. Vendors can list items swiftly, choosing fixed prices or auctions. The platform supports various cryptocurrencies for transactions and even provides a swap service for currency exchanges.
Pushd is more than just user-friendly; it stands out as the world’s first decentralized online marketplace built on the blockchain. This ensures enhanced security, transparency, and decentralized governance. Transaction fees are notably lower than in traditional marketplaces, and deposits and withdrawals occur instantly, bypassing the usual waiting periods.
FOLLOW my channel @Krypto1signal
#btc
#BTC-ETF
#BTC
#BITCOIN
WHY ? BITCOIN PRICE DUMP....must read
Experts Reveal Top Reaons Behind Bitcoin Price Crash ; How Low Can BTC Price Drop ?
After Bitcoin’s nearly 7% drop below $44,000, economist Peter Schiff said on X (previously Twitter) that Grayscale’s Bitcoin Trust (GBTC) may not survive. Schiff questioned GBTC’s capacity to advertise aggressively amid declining Bitcoin prices. Now the skepticism coincides with the rise of rival, lower-fee Bitcoin ETFs, prompting fears about GBTC shareholder abandonment. Here’s what it all means for you.
The launch of spot Bitcoin ETFs by Bitwise Invest, Fidelity, and BlackRock in the U.S. attracted $625.8 million in net inflows. Grayscale’s Bitcoin Trust lost $95 million, raising issues about investor preferences and GBTC’s exorbitant fees. A large Bitcoin transfer from GBTC to a Coinbase Prime deposit address suggests investor assets may be shifting to other ETFs or regular selling.
Scaramucci: Grayscale ETF Sales Fueled Bitcoin Decline
On the other side, despite Bitcoin’s 8% dip to $42,500 after ETF approval, some market analysts have labeled the launch a failure. Anthony Scaramucci, founder of SkyBridge Capital, points to substantial GBTC share sales as a key contributor.
In an interview with Bloomberg Television, Scaramucci highlighted a trend of significant Grayscale selling, with holders converting their shares from a trust to an ETF format. The recent SEC approval of ETFs led many to shift to these lower-fee alternatives, resulting in sell-offs to realize losses.
Having said that, Grayscale Bitcoin Trust, founded in 2013, had a record First-Day turnover of $2.3 billion on Thursday, a milestone for ETFs. Following losses, trust stockholders sought cheaper alternatives, lowering Bitcoin prices below $43,000 on Friday. GBTC shares fell 5.2% to $38.58 on Friday, compared to Bitcoin’s over 160% rise in the previous year.
follow my channel #krypto1signal
#BTC-ETF
#BTC
#BITCOIN
WHY ? BITCOIN PRICE DUMP....must read
Experts Reveal Top Reaons Behind Bitcoin Price Crash ; How Low Can BTC Price Drop ?
After Bitcoin’s nearly 7% drop below $44,000, economist Peter Schiff said on X (previously Twitter) that Grayscale’s Bitcoin Trust (GBTC) may not survive. Schiff questioned GBTC’s capacity to advertise aggressively amid declining Bitcoin prices. Now the skepticism coincides with the rise of rival, lower-fee Bitcoin ETFs, prompting fears about GBTC shareholder abandonment. Here’s what it all means for you.
The launch of spot Bitcoin ETFs by Bitwise Invest, Fidelity, and BlackRock in the U.S. attracted $625.8 million in net inflows. Grayscale’s Bitcoin Trust lost $95 million, raising issues about investor preferences and GBTC’s exorbitant fees. A large Bitcoin transfer from GBTC to a Coinbase Prime deposit address suggests investor assets may be shifting to other ETFs or regular selling.
Scaramucci: Grayscale ETF Sales Fueled Bitcoin Decline
On the other side, despite Bitcoin’s 8% dip to $42,500 after ETF approval, some market analysts have labeled the launch a failure. Anthony Scaramucci, founder of SkyBridge Capital, points to substantial GBTC share sales as a key contributor.
In an interview with Bloomberg Television, Scaramucci highlighted a trend of significant Grayscale selling, with holders converting their shares from a trust to an ETF format. The recent SEC approval of ETFs led many to shift to these lower-fee alternatives, resulting in sell-offs to realize losses.
Having said that, Grayscale Bitcoin Trust, founded in 2013, had a record First-Day turnover of $2.3 billion on Thursday, a milestone for ETFs. Following losses, trust stockholders sought cheaper alternatives, lowering Bitcoin prices below $43,000 on Friday. GBTC shares fell 5.2% to $38.58 on Friday, compared to Bitcoin’s over 160% rise in the previous year.
follow my channel #krypto1signal
Today Market FEAR and GREED Index
50:50 ratio ........ bitcoin down trade but ALT coin strong .......open your eyes
50:50 ratio ........ bitcoin down trade but ALT coin strong .......open your eyes
