ETFNewsUpdate
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đ¨ You wonât believe BlackRock's #Bitcoin #ETF options trading is now live on Bloomberg terminals! The $BTC game just leveled up, and Wall Street's getting in on the action. Big moves ahead! #Bitcoin #CryptoNews #ETFNewsUpdate
Bitcoin spot ETF had a net inflow of 1.67 billion US dollars from November 11 to November 15 last week, with net inflows for six consecutive weeks. BlackRock ETF IBIT had a weekly net inflow of 1.89 billion US dollars.
#bitcoinangles #bitcoinetfdaynewsupdate #BitcoinBeliever #ETFNewsUpdate #ETFApprouval
#bitcoinangles #bitcoinetfdaynewsupdate #BitcoinBeliever #ETFNewsUpdate #ETFApprouval
The Commodity Futures Trading Commission's (CFTC) Division of Clearing and Risk today issued staff guidance regarding the clearing of options on spot ETFs
Eric Balchunas :
 "This is a notice that clears the way for the listing of the Bitcoin ETF options. This is the second hurdle they had to clear after the SEC. Now the ball is in the OCC's court and they are in, so the listing will probably happen very soon."
Which ETF will be next $SOL $XRP or $HBAR ?
#ETFNewsUpdate
Eric Balchunas :
 "This is a notice that clears the way for the listing of the Bitcoin ETF options. This is the second hurdle they had to clear after the SEC. Now the ball is in the OCC's court and they are in, so the listing will probably happen very soon."
Which ETF will be next $SOL $XRP or $HBAR ?
#ETFNewsUpdate
Riding the Crypto Wave: Key Trends in Bitcoin, Ethereum, and ETFs
The cryptocurrency landscape is ever-evolving, with Exchange-Traded Funds (ETFs) offering investors a convenient avenue to access digital assets like Bitcoin (BTC) $BTC and Ethereum (ETH) $ETH . Recent data reveals significant shifts in these investments, marked by substantial outflows and price fluctuations, sparking questions about the future direction of the market. This article delves into the latest trends and explores what these developments could mean for investors navigating the crypto sphere.
Key Highlights
⢠ETF Outflows: On November 15, 2024, crypto ETFs saw daily outflows totaling $247.20 million, predominantly from Bitcoin ETFs ($225.30 million) and Ethereum ETFs ($21.90 million). This pattern suggests a pullback among investors, possibly due to profit-taking or re-evaluating positions as prices reach recent highs.
⢠Total AUM Growth: Despite these daily outflows, the total assets under management (AUM) for crypto ETFs have surged to $65.63 billion, indicating sustained long-term interest from investors.
Bitcoin (BTC) Trends
⢠Price Performance: Currently priced at $88,291.25, Bitcoin has experienced a slight decline over the past 24 hours. However, it has soared over 31% in the last month, demonstrating robust overall performance.
⢠Market Dominance: With a market dominance of 59.88%, Bitcoin reaffirms its position as the leading digital asset in the crypto market.
⢠Investor Sentiment: The heightened interest in Bitcoin is fueled by:
⢠Favorable Regulatory Developments: Anticipation of more crypto-friendly policies and regulatory clarity boosts investor confidence.
⢠Safe-Haven Appeal: Amid economic uncertainties, Bitcoin is increasingly viewed as a hedge against traditional market volatility.
Ethereum (ETH) Trends
⢠Price Movements: Ethereum is currently trading at $3,076.24, reflecting a 3.76% drop in the last 24 hours. Nonetheless, it has gained 17.25% over the past month, underscoring its strong performance.
⢠Market Position: As the second-largest cryptocurrency, Ethereum holds a market dominance of 12.72%.
⢠Unique Appeal: Ethereumâs platform is pivotal for decentralized applications (dApps) and non-fungible tokens (NFTs), giving it a distinct edge but also exposing it to more speculative market dynamics.
ETF Net Flows and AUM: Correlations with BTC and ETH
Understanding how ETF net flows and AUM movements impact Bitcoin and Ethereum prices is crucial:
⢠Positive Price Correlation: Bitcoin and Ethereum often move in tandem due to shared market influences such as regulatory news and macroeconomic factors. A surge in Bitcoinâs price often leads to gains in Ethereum.
⢠ETF Flows Reflect Market Sentiment:
⢠Net Flows: Significant inflows or outflows in crypto ETFs tend to mirror price movements in BTC and ETH. The recent substantial outflows from BTC and ETH ETFs coincided with short-term price declines.
⢠AUM Growth: Despite daily volatility in net flows, the steady increase in total AUM of crypto ETFs highlights the enduring interest of institutional investors in these assets.
What Does This Mean for Investors?
These trends provide valuable insights for investors:
⢠Short-Term Volatility: The recent ETF outflows suggest that some investors are capitalizing on profits. Those with a short-term investment horizon may find monitoring net flows helpful in timing their market entry and exit.
⢠Long-Term Confidence: The growth in AUM, despite daily fluctuations, signals strong ongoing interest from institutional investors, indicating confidence in the long-term value of Bitcoin and Ethereum ETFs.
⢠Correlation Indicators: Tracking the correlations between ETF flows and crypto prices can help investors anticipate market trends. Large inflows may signal growing bullish sentiment, while significant outflows could indicate a potential market cooldown.
Closing Thoughts
The crypto market, particularly Bitcoin and Ethereum, continues to be both complex and promising. ETF flows and AUM data offer valuable insights into investor behavior and market trends, yet uncertainties remain:
⢠Institutional Interest: Will the enthusiasm from institutional investors persist, or will market volatility temper their involvement?
⢠Global Impact: How will broader economic shifts and regulatory developments shape the long-term growth of cryptocurrencies?
By staying informed and understanding these patterns, investors can better navigate the evolving crypto landscape. As cryptocurrencies increasingly integrate into mainstream finance, grasping these trends will be essential for making well-informed investment decisions.
#ETFvsBTC #ETFNewsUpdate
Key Highlights
⢠ETF Outflows: On November 15, 2024, crypto ETFs saw daily outflows totaling $247.20 million, predominantly from Bitcoin ETFs ($225.30 million) and Ethereum ETFs ($21.90 million). This pattern suggests a pullback among investors, possibly due to profit-taking or re-evaluating positions as prices reach recent highs.
⢠Total AUM Growth: Despite these daily outflows, the total assets under management (AUM) for crypto ETFs have surged to $65.63 billion, indicating sustained long-term interest from investors.
Bitcoin (BTC) Trends
⢠Price Performance: Currently priced at $88,291.25, Bitcoin has experienced a slight decline over the past 24 hours. However, it has soared over 31% in the last month, demonstrating robust overall performance.
⢠Market Dominance: With a market dominance of 59.88%, Bitcoin reaffirms its position as the leading digital asset in the crypto market.
⢠Investor Sentiment: The heightened interest in Bitcoin is fueled by:
⢠Favorable Regulatory Developments: Anticipation of more crypto-friendly policies and regulatory clarity boosts investor confidence.
⢠Safe-Haven Appeal: Amid economic uncertainties, Bitcoin is increasingly viewed as a hedge against traditional market volatility.
Ethereum (ETH) Trends
⢠Price Movements: Ethereum is currently trading at $3,076.24, reflecting a 3.76% drop in the last 24 hours. Nonetheless, it has gained 17.25% over the past month, underscoring its strong performance.
⢠Market Position: As the second-largest cryptocurrency, Ethereum holds a market dominance of 12.72%.
⢠Unique Appeal: Ethereumâs platform is pivotal for decentralized applications (dApps) and non-fungible tokens (NFTs), giving it a distinct edge but also exposing it to more speculative market dynamics.
ETF Net Flows and AUM: Correlations with BTC and ETH
Understanding how ETF net flows and AUM movements impact Bitcoin and Ethereum prices is crucial:
⢠Positive Price Correlation: Bitcoin and Ethereum often move in tandem due to shared market influences such as regulatory news and macroeconomic factors. A surge in Bitcoinâs price often leads to gains in Ethereum.
⢠ETF Flows Reflect Market Sentiment:
⢠Net Flows: Significant inflows or outflows in crypto ETFs tend to mirror price movements in BTC and ETH. The recent substantial outflows from BTC and ETH ETFs coincided with short-term price declines.
⢠AUM Growth: Despite daily volatility in net flows, the steady increase in total AUM of crypto ETFs highlights the enduring interest of institutional investors in these assets.
What Does This Mean for Investors?
These trends provide valuable insights for investors:
⢠Short-Term Volatility: The recent ETF outflows suggest that some investors are capitalizing on profits. Those with a short-term investment horizon may find monitoring net flows helpful in timing their market entry and exit.
⢠Long-Term Confidence: The growth in AUM, despite daily fluctuations, signals strong ongoing interest from institutional investors, indicating confidence in the long-term value of Bitcoin and Ethereum ETFs.
⢠Correlation Indicators: Tracking the correlations between ETF flows and crypto prices can help investors anticipate market trends. Large inflows may signal growing bullish sentiment, while significant outflows could indicate a potential market cooldown.
Closing Thoughts
The crypto market, particularly Bitcoin and Ethereum, continues to be both complex and promising. ETF flows and AUM data offer valuable insights into investor behavior and market trends, yet uncertainties remain:
⢠Institutional Interest: Will the enthusiasm from institutional investors persist, or will market volatility temper their involvement?
⢠Global Impact: How will broader economic shifts and regulatory developments shape the long-term growth of cryptocurrencies?
By staying informed and understanding these patterns, investors can better navigate the evolving crypto landscape. As cryptocurrencies increasingly integrate into mainstream finance, grasping these trends will be essential for making well-informed investment decisions.
#ETFvsBTC #ETFNewsUpdate
Digital asset products experienced a significant surge in inflows, amounting to $533 million last week, following remarks from Federal Reserve Chair Jerome Powell that suggested a possible rate cut in September. This influx represents one of the largest weekly inflows in the crypto market this year, reflecting renewed investor confidence in the digital asset space amid expectations of a more favorable monetary environment.
#ETFNewsUpdate #BTC #ETH #CryptoNewss $BTC $ETH
#ETFNewsUpdate #BTC #ETH #CryptoNewss $BTC $ETH
đ° JUST IN: US Bitcoin ETFs hit $17B in Inflows, BlackRockâs IBIT Dominates Trading.
$BTC #BTC1D #ETFNewsUpdate
$BTC #BTC1D #ETFNewsUpdate
Ethereum Spot ETFs: Where Are the Flows?
The excitement around Ethereum spot ETFs is real, but the numbers? Not so much. Despite all the hype, we're still not seeing the big inflows that many expected. What gives?
The slow start could be due to a few factors: cautious institutional investors, regulatory uncertainty, or perhaps the current market sentiment. Itâs a reminder that while ETFs offer a gateway for mainstream adoption, the journey isn't always smooth sailing.
Are investors playing the waiting game, or is there something else at play? Drop your thoughts belowââŹď¸
#ETFEthereum #ETHETFsApproved #ETHđĽđĽđĽđĽ #etherreum #ETFNewsUpdate $ETH
The excitement around Ethereum spot ETFs is real, but the numbers? Not so much. Despite all the hype, we're still not seeing the big inflows that many expected. What gives?
The slow start could be due to a few factors: cautious institutional investors, regulatory uncertainty, or perhaps the current market sentiment. Itâs a reminder that while ETFs offer a gateway for mainstream adoption, the journey isn't always smooth sailing.
Are investors playing the waiting game, or is there something else at play? Drop your thoughts belowââŹď¸
#ETFEthereum #ETHETFsApproved #ETHđĽđĽđĽđĽ #etherreum #ETFNewsUpdate $ETH
! ! ! Big news Alert! ! ! $BTC
Bitcoin ETF sell-offđĽ: 3169 Bitcoins sold!
The latest data shows that the US spot Bitcoin ETF set off a sell-off stormđŞď¸ on June 17! A total of 3169 Bitcoins were sold off, worth more than $200 million!
Among them, the well-known institution Fidelity sold 1224 Bitcoins, worth up to $80.34 million, and currently still holds a large amount of Bitcoin. Another giant Grayscale also sold 936 Bitcoins, worth more than $61.4 million. The reduction of these two giants has undoubtedly brought a lot of shock to the market.
This sell-off storm has caused more speculation and attention to the future trend of the Bitcoin market. But in any case, this incident once again proves the volatility and uncertainty of the Bitcoin market. đđ
$Bitcoin #Alertđ´ #Bitcoinâ #BTCDROPING #ETFNewsUpdate
Bitcoin ETF sell-offđĽ: 3169 Bitcoins sold!
The latest data shows that the US spot Bitcoin ETF set off a sell-off stormđŞď¸ on June 17! A total of 3169 Bitcoins were sold off, worth more than $200 million!
Among them, the well-known institution Fidelity sold 1224 Bitcoins, worth up to $80.34 million, and currently still holds a large amount of Bitcoin. Another giant Grayscale also sold 936 Bitcoins, worth more than $61.4 million. The reduction of these two giants has undoubtedly brought a lot of shock to the market.
This sell-off storm has caused more speculation and attention to the future trend of the Bitcoin market. But in any case, this incident once again proves the volatility and uncertainty of the Bitcoin market. đđ
$Bitcoin #Alertđ´ #Bitcoinâ #BTCDROPING #ETFNewsUpdate
BlackRock's IBIT has seen its biggest inflow day since March, with a whopping $523 million entering the fund in just one day.
This marks a significant milestone for the Bitcoin ETF, as it continues to attract investments at a rapid pace.
The recent surge in inflows coincided with the approval of spot Ether ETFs in the US, signaling a growing interest in alternative cryptocurrencies. Industry analysts are optimistic about the future of Bitcoin, citing potential catalysts that could drive the price higher in the short to mid-term.
Exciting times ahead in the world of crypto! đ #bitcoin #ETFs. #ETFNewsUpdate #BlackRock⊠#investment
This marks a significant milestone for the Bitcoin ETF, as it continues to attract investments at a rapid pace.
The recent surge in inflows coincided with the approval of spot Ether ETFs in the US, signaling a growing interest in alternative cryptocurrencies. Industry analysts are optimistic about the future of Bitcoin, citing potential catalysts that could drive the price higher in the short to mid-term.
Exciting times ahead in the world of crypto! đ #bitcoin #ETFs. #ETFNewsUpdate #BlackRock⊠#investment
In early September trading, Bitcoin ETFs saw a significant outflow of $287M, while Ether ETFs experienced a $47M decline, reflecting a shift in investor sentiment across the crypto market
#ETHETFsApproved #CryptoMarketMoves #TelegramCEO #ETFNewsUpdate #ETFvsBTC
#ETHETFsApproved #CryptoMarketMoves #TelegramCEO #ETFNewsUpdate #ETFvsBTC
BlackRockâs IBIT, the largest spot bitcoin ETF by net asset value, led the day with $72.09 million in net inflows, according to SoSoValue data. It was also the most traded bitcoin ETF on Wednesday, with a volume of $725.61 million. Fidelityâs FBTC attracted $32.69 million in net inflows.
Bitwiseâs spot bitcoin fund brought in $7.53 million, while the ETF from Ark Invest and 21Shares added $4.31 million.
Meanwhile, Grayscaleâs GBTC experienced net outflows of $37.69 million on Wednesday. Six other funds, including VanEckâs HODL, reported no flows.
On July 11, a total of $1.31 billion was traded in U.S. spot bitcoin funds. Despite this, trading volumes remain significantly lower than in March, when volumes exceeded $8 billion on several days.
Spot Bitcoin ETFs have accumulated total net inflows of $15.5 billion since their launch in January.
#btc #Short #DumpPrice #BinanceSquareFamily #ETFNewsUpdate $BTC
Bitwiseâs spot bitcoin fund brought in $7.53 million, while the ETF from Ark Invest and 21Shares added $4.31 million.
Meanwhile, Grayscaleâs GBTC experienced net outflows of $37.69 million on Wednesday. Six other funds, including VanEckâs HODL, reported no flows.
On July 11, a total of $1.31 billion was traded in U.S. spot bitcoin funds. Despite this, trading volumes remain significantly lower than in March, when volumes exceeded $8 billion on several days.
Spot Bitcoin ETFs have accumulated total net inflows of $15.5 billion since their launch in January.
#btc #Short #DumpPrice #BinanceSquareFamily #ETFNewsUpdate $BTC
Wealth advisers adopting BTC ETFs faster than any in history: Bitwise CIO #btcupdates2024
The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake âis NOT from tradfi institutions.â
Wealth advisers are adopting BitcoinÂ
BTC = $56,848
 exchange-traded funds âfaster than any new ETF in history,â Matt Hougan, asset manager Bitwiseâs chief investment officer, said in a Sept. 9 post on the X platform.
Houganâs post was in response to an earlier X post by investment researcher Jim Bianco, who characterized BTC ETF adoption among wealth advisers as âsmall,â noting that approximately 85% of BTC ETF uptake âis NOT from tradfi institutions.â
BlackRockâs iShares Bitcoin Trust ETF (IBIT) attracted $1.45 billion in net flows from wealth advisers, according to Hougan. Bianco âcalls this âsmallâ because itâs a fraction of the $46 billion that has flowed into Bitcoin ETFs in total,â he said. #ETFNewsUpdate
The truth is that investment advisers are adopting Bitcoin ETFs faster than any other ETF in history,â Hougan said. âIt is just that their historic flows are overshadowed by the even-more-historic purchases.
$BTC
Wealth advisers â ranging from independent registered investment advisers (RIAs) to large wirehouses, such as Morgan Stanley â are a crucial market segment for United States cryptocurrency ETFs.Â
Federico Brokate, who heads US business for 21Shares, a crypto ETF issuer, told Cointelegraph in August that wealth advisers collectively control up to 50% of ETF inflows.Â
$ETH
Biancoâs comments come as the 11 US-based spot BTC ETFs saw combined net outflows of some $1.2 billion in the last eight days. The outflows follow a stint of poor price performance for BTC, with spot prices dropping approximately 17% since Aug. 26.
Longer-term trends point to continued BTC ETF adoption among wealth advisers. In August, Morgan Stanley, the largest wealth manager in the US, authorized its 15,000 financial advisers to start recommending BTC ETFs.
The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake âis NOT from tradfi institutions.â
Wealth advisers are adopting BitcoinÂ
BTC = $56,848
 exchange-traded funds âfaster than any new ETF in history,â Matt Hougan, asset manager Bitwiseâs chief investment officer, said in a Sept. 9 post on the X platform.
Houganâs post was in response to an earlier X post by investment researcher Jim Bianco, who characterized BTC ETF adoption among wealth advisers as âsmall,â noting that approximately 85% of BTC ETF uptake âis NOT from tradfi institutions.â
BlackRockâs iShares Bitcoin Trust ETF (IBIT) attracted $1.45 billion in net flows from wealth advisers, according to Hougan. Bianco âcalls this âsmallâ because itâs a fraction of the $46 billion that has flowed into Bitcoin ETFs in total,â he said. #ETFNewsUpdate
The truth is that investment advisers are adopting Bitcoin ETFs faster than any other ETF in history,â Hougan said. âIt is just that their historic flows are overshadowed by the even-more-historic purchases.
$BTC
Wealth advisers â ranging from independent registered investment advisers (RIAs) to large wirehouses, such as Morgan Stanley â are a crucial market segment for United States cryptocurrency ETFs.Â
Federico Brokate, who heads US business for 21Shares, a crypto ETF issuer, told Cointelegraph in August that wealth advisers collectively control up to 50% of ETF inflows.Â
$ETH
Biancoâs comments come as the 11 US-based spot BTC ETFs saw combined net outflows of some $1.2 billion in the last eight days. The outflows follow a stint of poor price performance for BTC, with spot prices dropping approximately 17% since Aug. 26.
Longer-term trends point to continued BTC ETF adoption among wealth advisers. In August, Morgan Stanley, the largest wealth manager in the US, authorized its 15,000 financial advisers to start recommending BTC ETFs.
#AvalancheHub Avalanche (AVAX) President Talks Ethereum (ETH) and ETFs! "It's Only a Matter of Time!"
John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and the ETF.
$ETH
Spot Ethereum ETFs have fared worse than expected since their launch. JP Morgan said in a report that spot ETH ETFs have failed to meet expectations against Bitcoin, seeing $500 million in outflows.
It's Only a Matter of Time! #ETHETFsApproved
While ETH ETFs have disappointed compared to expectations, John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and its ETFs.
Speaking to Bloomberg TV, Ava Labs CEO said Ethereum ETFs will eventually succeed.
Stating that Ethereum ETFs will achieve success over time due to the competitive nature of the decentralized finance (DeFi) sector, Wu compared ETH and BTC ETFs. #ETFvsBTC
Wu stated that Bitcoin and Ethereum are not actually rivals, and that BTC's only rival is gold.
âI donât think anyone predicted that the Ethereum ETF would be as successful as the Bitcoin ETF, but in reality, Bitcoin only has one competitor, and thatâs gold.
The essence of Ethereum is about creating utility and use cases.
#ETFNewsUpdate
Ethereum actually has a lot of altcoin competitors, from Avalanche to Solana and a bunch of other altcoin competitors. At this point, Ethereum ETFs will do well over time because ETH is in a competitive environment.â
Spot Ethereum ETFs were approved by the SEC in May and began trading in late July.
Ethereum, which has gained 3% in the last 24 hours, continues to be traded at $2,550 at the time of writing.
*This is not investment advice. it latest News Updates. #TipForExclusiveInsights
John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and the ETF.
$ETH
Spot Ethereum ETFs have fared worse than expected since their launch. JP Morgan said in a report that spot ETH ETFs have failed to meet expectations against Bitcoin, seeing $500 million in outflows.
It's Only a Matter of Time! #ETHETFsApproved
While ETH ETFs have disappointed compared to expectations, John Wu, president and CEO of Avalanche ( AVAX ) developer Ava Labs, said he is very optimistic about Ethereum (ETH) and its ETFs.
Speaking to Bloomberg TV, Ava Labs CEO said Ethereum ETFs will eventually succeed.
Stating that Ethereum ETFs will achieve success over time due to the competitive nature of the decentralized finance (DeFi) sector, Wu compared ETH and BTC ETFs. #ETFvsBTC
Wu stated that Bitcoin and Ethereum are not actually rivals, and that BTC's only rival is gold.
âI donât think anyone predicted that the Ethereum ETF would be as successful as the Bitcoin ETF, but in reality, Bitcoin only has one competitor, and thatâs gold.
The essence of Ethereum is about creating utility and use cases.
#ETFNewsUpdate
Ethereum actually has a lot of altcoin competitors, from Avalanche to Solana and a bunch of other altcoin competitors. At this point, Ethereum ETFs will do well over time because ETH is in a competitive environment.â
Spot Ethereum ETFs were approved by the SEC in May and began trading in late July.
Ethereum, which has gained 3% in the last 24 hours, continues to be traded at $2,550 at the time of writing.
*This is not investment advice. it latest News Updates. #TipForExclusiveInsights
CRYPTO ETFs ON THE RISE âźď¸âźď¸âźď¸âźď¸âźď¸
Crypto ETFs are on the rise!!!!!!!The launch of the first spot Ether ETFs is expected to open doors for more crypto ETFs, including Solana-based ones. Analysts predict a "floodgate" effect, with more products based on Ether and other cryptocurrencies. The first Ether ETFs could start trading as soon as July 23, with asset managers submitting their final filings by July 16. This development could lead to a "Frankenstein" situation, with ETFs having mixed exposure to Bitcoin and Ether.
In other news, Stripe has expanded its crypto integration in Europe, allowing EU clients to buy crypto with their credit or debit cards. This move is expected to boost crypto adoption in the region.
Overall, these developments are significant for the crypto market, with potential for increased investment and adoption.
DYOR
#ETFEthereum #ETFNewsUpdate #Marketsentimentstoday #Write2Earn! #US_Job_Market_Slowdown
Crypto ETFs are on the rise!!!!!!!The launch of the first spot Ether ETFs is expected to open doors for more crypto ETFs, including Solana-based ones. Analysts predict a "floodgate" effect, with more products based on Ether and other cryptocurrencies. The first Ether ETFs could start trading as soon as July 23, with asset managers submitting their final filings by July 16. This development could lead to a "Frankenstein" situation, with ETFs having mixed exposure to Bitcoin and Ether.
In other news, Stripe has expanded its crypto integration in Europe, allowing EU clients to buy crypto with their credit or debit cards. This move is expected to boost crypto adoption in the region.
Overall, these developments are significant for the crypto market, with potential for increased investment and adoption.
DYOR
#ETFEthereum #ETFNewsUpdate #Marketsentimentstoday #Write2Earn! #US_Job_Market_Slowdown
#BTCâ
For 6 days, investors withdrew almost $1B from the US Bitcoin ETFs.
#ETFNewsUpdate #BinanceTournament
For 6 days, investors withdrew almost $1B from the US Bitcoin ETFs.
#ETFNewsUpdate #BinanceTournament
Crypto ETF outflows, Durov speaks, Harris vs. Trump | Weekly Recap #Durov #ETFNewsUpdate
Spot crypto ETFs recorded multiple outflows; Telegramâs Pavel Durov talks arrest; Ripple co-founder backs Kamala Harris ahead of her debate with Donald Trump.
Crypto ETF outflows
⢠Last week, the spot crypto market witnessed sustained bearishness. The spot Bitcoin (BTC) ETFs recorded a cumulative weekly net outflow of $706.1 million, with four out of five days of net outflows.
⢠While outflows from spot Ethereum (ETH) ETFs slowed, the market remained red. By the end of the week, ETH ETFs saw $91.1 million in cumulative net outflows, also recording four bearish days out of five.
Market turbulenceÂ
⢠One of the primary triggers of the ETF outflows last week was a prevalent bearish crypto market. Following a drop in the U.S. stock market, cryptocurrencies saw declines, with Bitcoin dropping below $53,000 for the first time in a month.
⢠Consequently, on-chain data confirmed that liquidations crossed $295 million across multiple assets as of Sept. 7 â the largest figure this month.Â
⢠Crypto-related venture capital funds are ballooning; per PitchBook, the average size is up 65.1%, to $41.3 million, in 2024.
Durov speaks
⢠Following his arrest and release in France, Telegram founder Pavel Durov spoke for the first time last week, calling out the authorities for their perceived overreach when it came to communication.Â
⢠Durov further defended Telegramâs policies, arguing that the social media platform constantly removes illegal content and doesnât operate in regions that cannot meet its required standards.Â
⢠Durov is currently under formal investigation over suspected complicity in allowing illicit activity to flourish on Telegram.
Spot crypto ETFs recorded multiple outflows; Telegramâs Pavel Durov talks arrest; Ripple co-founder backs Kamala Harris ahead of her debate with Donald Trump.
Crypto ETF outflows
⢠Last week, the spot crypto market witnessed sustained bearishness. The spot Bitcoin (BTC) ETFs recorded a cumulative weekly net outflow of $706.1 million, with four out of five days of net outflows.
⢠While outflows from spot Ethereum (ETH) ETFs slowed, the market remained red. By the end of the week, ETH ETFs saw $91.1 million in cumulative net outflows, also recording four bearish days out of five.
Market turbulenceÂ
⢠One of the primary triggers of the ETF outflows last week was a prevalent bearish crypto market. Following a drop in the U.S. stock market, cryptocurrencies saw declines, with Bitcoin dropping below $53,000 for the first time in a month.
⢠Consequently, on-chain data confirmed that liquidations crossed $295 million across multiple assets as of Sept. 7 â the largest figure this month.Â
⢠Crypto-related venture capital funds are ballooning; per PitchBook, the average size is up 65.1%, to $41.3 million, in 2024.
Durov speaks
⢠Following his arrest and release in France, Telegram founder Pavel Durov spoke for the first time last week, calling out the authorities for their perceived overreach when it came to communication.Â
⢠Durov further defended Telegramâs policies, arguing that the social media platform constantly removes illegal content and doesnât operate in regions that cannot meet its required standards.Â
⢠Durov is currently under formal investigation over suspected complicity in allowing illicit activity to flourish on Telegram.
Bitwise is converting three of its futures-based exchange-traded products into a single fund. The fund, called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, will rotate between 100% exposure to crypto futures contracts and 100% exposure to U.S. Treasuries.
#ETFApprouval #ETFNewsUpdate #ETFGrowth #ETFEthereum #ETFvsBTCv
#ETFApprouval #ETFNewsUpdate #ETFGrowth #ETFEthereum #ETFvsBTCv
State Street, Galaxy launch 3 new crypto ETFs
#CryptoMarketMoves #ETFGrowth #ETFNewsUpdate
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies and futures.
Asset managers State Street Global Advisors and Galaxy Asset Management launched three new cryptocurrency exchange-traded funds (ETFs) on Sept. 10, according to an announcement from State Street. The ETFs are designed to capitalize on the growth of Web3.Â
State Street said the funds include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).Â
The ETFs come as asset managers increasingly focus on offering diversified exposure to blockchain technology rather than specific crypto assets.
âWeâre going to see a number of more single asset products, and then also certainly some index-based and diversified products,â Dave LaValle, Grayscaleâs global head of ETFs, said in August.
Franklin Templeton and Hashdex are among fund issuers awaiting regulatory approval to launch diversified spot crypto index ETFs in the United States.Â
âWe believe the next evolution of this market is the introduction of actively managed digital asset portfolios,â Anna Paglia, State Streetâs chief business officer, said in a statement.
Actively managed ETFs employ dedicated analysts to opportunistically trade fund assets on shareholdersâ behalf and often charge considerably higher management fees than passive index funds.
The State Street ETFs charge fees of 0.65% to 0.9%. Thatâs less than many other actively managed funds but still far more than passive crypto ETFs, which generally charge 0.25% or less.Â
State Streetâs HECO and DECO are unique among ETFs, as they invest in a mix of stocks and cryptocurrencies. They aim to hold a âportfolio of companies that are well positioned to benefit from the growing adoption of the blockchain and digital asset industries as well as cryptocurrency exposures through ETFs and futures,â State Street said.
#CryptoMarketMoves #ETFGrowth #ETFNewsUpdate
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies and futures.
Asset managers State Street Global Advisors and Galaxy Asset Management launched three new cryptocurrency exchange-traded funds (ETFs) on Sept. 10, according to an announcement from State Street. The ETFs are designed to capitalize on the growth of Web3.Â
State Street said the funds include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).Â
The ETFs come as asset managers increasingly focus on offering diversified exposure to blockchain technology rather than specific crypto assets.
âWeâre going to see a number of more single asset products, and then also certainly some index-based and diversified products,â Dave LaValle, Grayscaleâs global head of ETFs, said in August.
Franklin Templeton and Hashdex are among fund issuers awaiting regulatory approval to launch diversified spot crypto index ETFs in the United States.Â
âWe believe the next evolution of this market is the introduction of actively managed digital asset portfolios,â Anna Paglia, State Streetâs chief business officer, said in a statement.
Actively managed ETFs employ dedicated analysts to opportunistically trade fund assets on shareholdersâ behalf and often charge considerably higher management fees than passive index funds.
The State Street ETFs charge fees of 0.65% to 0.9%. Thatâs less than many other actively managed funds but still far more than passive crypto ETFs, which generally charge 0.25% or less.Â
State Streetâs HECO and DECO are unique among ETFs, as they invest in a mix of stocks and cryptocurrencies. They aim to hold a âportfolio of companies that are well positioned to benefit from the growing adoption of the blockchain and digital asset industries as well as cryptocurrency exposures through ETFs and futures,â State Street said.