ETFTrends
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⚡️Yesterday, an influx of $ 129 million into bitcoin funds was recorded.
This is the largest indicator since the launch of the US futures ETF two years ago. 58% of the inflow since the beginning of the year has been in the last two weeks.
#etf #ETFTrends #Pristrade
This is the largest indicator since the launch of the US futures ETF two years ago. 58% of the inflow since the beginning of the year has been in the last two weeks.
#etf #ETFTrends #Pristrade
The crypto market is booming, Bitcoin and many alt coins are pumping 📈
For some people, this is an opportunity to fill in their bags with more alt coins as the Bitcoin ETF is in a few months from now April 2024, this is not a financial advice but sometimes most bitcoin halving don't turn out as anticipated.
You're responsible for whatever you buy, make your own research properly before buying in on any coin. The safest 🪙 Coin remains the once you most believe.
What's your thoughts , I'd love to know what's on your mind .
When you tip me , they go into a charity I work for to provide more basic amenities ( food and clothing ) for poorly living children
#BinanceBlockchainWeek. #ETFTrends #AltcoinPump
For some people, this is an opportunity to fill in their bags with more alt coins as the Bitcoin ETF is in a few months from now April 2024, this is not a financial advice but sometimes most bitcoin halving don't turn out as anticipated.
You're responsible for whatever you buy, make your own research properly before buying in on any coin. The safest 🪙 Coin remains the once you most believe.
What's your thoughts , I'd love to know what's on your mind .
When you tip me , they go into a charity I work for to provide more basic amenities ( food and clothing ) for poorly living children
#BinanceBlockchainWeek. #ETFTrends #AltcoinPump
Blockchain.com's recent $110 million funding round has halved its 2022 valuation, indicating a significant shift in market perception or company performance.
The recent Series E funding round for Blockchain.com, led by Kingsway Capital, raised $110 million but resulted in a valuation less than half of its March 2022 valuation of $14 billion. The participation of investors like Baillie Gifford, Lakestar, and Coinbase Ventures underscores the ongoing evolution of Blockchain.com's financial landscape. In March 2022, a funding round, led by Lightspeed Ventures and Baillie Gifford & Co., significantly increased the company's valuation just before market challenges, including the collapse of Do Kwon’s Terra ecosystem, impacted the crypto space.
Despite the dip in Blockchain.com's valuation, the recent investment signals renewed interest in crypto firms, fueled by the overall rise in digital asset prices. The market's optimism is particularly linked to pending applications for spot Bitcoin exchange-traded funds (ETFs) from major financial players like BlackRock and Fidelity.
Bitcoin (BTC), currently priced at $35,653, has witnessed a 116% increase in the past year, while Ether (ETH) and Solana (SOL) have risen by 61% and 300%, respectively, over the same period.
Established in 2011, Blockchain.com boasts 37 million verified users, 82 million wallets, and a total transaction value exceeding $1 trillion across its platform.#BTC #ETH #SolanaInsights #ETFTrends
The recent Series E funding round for Blockchain.com, led by Kingsway Capital, raised $110 million but resulted in a valuation less than half of its March 2022 valuation of $14 billion. The participation of investors like Baillie Gifford, Lakestar, and Coinbase Ventures underscores the ongoing evolution of Blockchain.com's financial landscape. In March 2022, a funding round, led by Lightspeed Ventures and Baillie Gifford & Co., significantly increased the company's valuation just before market challenges, including the collapse of Do Kwon’s Terra ecosystem, impacted the crypto space.
Despite the dip in Blockchain.com's valuation, the recent investment signals renewed interest in crypto firms, fueled by the overall rise in digital asset prices. The market's optimism is particularly linked to pending applications for spot Bitcoin exchange-traded funds (ETFs) from major financial players like BlackRock and Fidelity.
Bitcoin (BTC), currently priced at $35,653, has witnessed a 116% increase in the past year, while Ether (ETH) and Solana (SOL) have risen by 61% and 300%, respectively, over the same period.
Established in 2011, Blockchain.com boasts 37 million verified users, 82 million wallets, and a total transaction value exceeding $1 trillion across its platform.#BTC #ETH #SolanaInsights #ETFTrends
🔴 BITCOIN IS BEARISH IN BIG PICTURE 🔴
JUST IN : Kevin O'Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away 🤣
👉🏻 I m telling u bitcoin just a news like etf cancel then everyone start selling it i m bearish in big picture🔻
👉🏻MORE UPDATES FOLLOW ON INSTAGRAM BIO
NAME MENTION
>cryptowithhassan021
#BTC #etf #crypto #BitcoinPriceUpdate #ETFTrends $BTC
JUST IN : Kevin O'Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away 🤣
👉🏻 I m telling u bitcoin just a news like etf cancel then everyone start selling it i m bearish in big picture🔻
👉🏻MORE UPDATES FOLLOW ON INSTAGRAM BIO
NAME MENTION
>cryptowithhassan021
#BTC #etf #crypto #BitcoinPriceUpdate #ETFTrends $BTC
🚀 Best VPNs For Google Chrome [2023] - Safeguard Your Digital Journey!
ExpressVPN
✅ Features:
Location spoofingOne-click connectionWebRTC blockingHTTPS upgrade
Reliability: ExpressVPN, established in 2009, offers military-grade encryption and privacy protection.
Streaming Support: Yes, ExpressVPN works to bypass geo-restrictions on major streaming services.
💰 Cost: Monthly - $12.95, Yearly - $8.32
Verdict: ExpressVPN's Chrome extension is highly rated and trusted by almost a million users. It's easy to install, non-intrusive, and offers an extra layer of protection.
🔗 Sign up to ExpressVPN
NordVPN
✅ Features:
HTTP encryptionWebRTC leak protectionMalware protectionUnique IPs
Reliability: NordVPN, launched in 2012, is a trusted name with a user base of over 12 million.
Streaming Support: Yes, NordVPN reliably supports streaming services like Netflix and Hulu.
💰 Cost: Monthly - $14.99, Two Years - $5.61
Verdict: NordVPN's Chrome extension provides comprehensive protection with unique features like CyberSec. It's user-friendly and doubles up as an ad-blocker.
🔗 Sign up to NordVPN
TunnelBear
✅ Features:
Tracking protectionAvoid regional blockingPublic WiFi protection
Reliability: TunnelBear, owned by McAfee, boasts 20 million users and is known for its user-friendly approach.
Blocker: TunnelBear Blocker stops trackers, ads, and prevents Adobe Flash applications.
Verdict: With a 5-star rating from 33,000 users, TunnelBear's Chrome extension is lauded for its simplicity and effectiveness.
🔗 Download TunnelBear
🔒 Remember: While these Chrome extensions provide protection within the browser, for full traffic encryption, download the Android client for your Chromebook.
📈 For the latest insights and developments in the VPN landscape, follow The Blockopedia. Don't compromise on your digital security! 🌐
#VPNs #ETFTrends #crypto #cryptocurrency #crypto2023
ExpressVPN
✅ Features:
Location spoofingOne-click connectionWebRTC blockingHTTPS upgrade
Reliability: ExpressVPN, established in 2009, offers military-grade encryption and privacy protection.
Streaming Support: Yes, ExpressVPN works to bypass geo-restrictions on major streaming services.
💰 Cost: Monthly - $12.95, Yearly - $8.32
Verdict: ExpressVPN's Chrome extension is highly rated and trusted by almost a million users. It's easy to install, non-intrusive, and offers an extra layer of protection.
🔗 Sign up to ExpressVPN
NordVPN
✅ Features:
HTTP encryptionWebRTC leak protectionMalware protectionUnique IPs
Reliability: NordVPN, launched in 2012, is a trusted name with a user base of over 12 million.
Streaming Support: Yes, NordVPN reliably supports streaming services like Netflix and Hulu.
💰 Cost: Monthly - $14.99, Two Years - $5.61
Verdict: NordVPN's Chrome extension provides comprehensive protection with unique features like CyberSec. It's user-friendly and doubles up as an ad-blocker.
🔗 Sign up to NordVPN
TunnelBear
✅ Features:
Tracking protectionAvoid regional blockingPublic WiFi protection
Reliability: TunnelBear, owned by McAfee, boasts 20 million users and is known for its user-friendly approach.
Blocker: TunnelBear Blocker stops trackers, ads, and prevents Adobe Flash applications.
Verdict: With a 5-star rating from 33,000 users, TunnelBear's Chrome extension is lauded for its simplicity and effectiveness.
🔗 Download TunnelBear
🔒 Remember: While these Chrome extensions provide protection within the browser, for full traffic encryption, download the Android client for your Chromebook.
📈 For the latest insights and developments in the VPN landscape, follow The Blockopedia. Don't compromise on your digital security! 🌐
#VPNs #ETFTrends #crypto #cryptocurrency #crypto2023
Bitcoin ETFs: Boon or Bloodbath for Crypto Exchanges?
The long-awaited arrival of Bitcoin ETFs is sending ripples through the cryptosphere, sparking both excitement and fear.While retail investors anticipate easier access to Bitcoin, some analysts predict a "bloodbath" for crypto exchanges. Let's dissect the implications with some facts, technical analysis, and market sentiment:Analysts' Bloodbath Prediction:Nate Geraci, President of The ETF Store, and Eric Balchunas, Bloomberg ETF analyst, warn that Bitcoin ETFs could decimate crypto exchanges due to their:Lower transaction fees: ETFs boast significantly lower fees compared to most exchanges, potentially attracting users away.Nate GeraciInstitutional appeal: ETFs offer easier entry for institutional investors, bypassing complex exchange requirements.Technical and On-Chain Data:Data paints a slightly different picture:Exchange trading volume: Despite the rise of DeFi, centralized exchanges still handle the bulk of crypto trading,suggesting user preference for familiarity and ease of use.Make Your Christmas Wish Come True with BinanceExchange revenue diversification: Many exchanges have expanded beyond simple trading, offering staking,lending, and other services, providing additional revenue streams.Market Sentiment:The market seems cautiously optimistic:Institutional interest: Major financial institutions like BlackRock and Goldman Sachs are actively pursuing Bitcoin ETFs, indicating strong demand.Crypto Fear & Greed IndexPotential price surge: Increased accessibility fueled by ETFs could boost Bitcoin's price, benefiting existing exchanges.Who Will Get Approved?Predicting ETF approvals is notoriously difficult, but analyzing applications might offer clues:VanEck: One of the first to file, their recent "HODL" ticker change signals long-term commitment.Spot Bitcoin ETF Applications in 2021ProShares: Their Bitcoin ETF received SEC approval for listing later this year, potentially setting a precedent.Spot Bitcoin ETF Applications in 2023Grayscale: The world's largest Bitcoin fund (GBTC) might convert to an ETF, but regulatory concerns exist.Price Prediction:Predicting prices is always risky, but here are some possibilities:Short-term volatility: Increased market activity around ETF approvals could cause price fluctuations.Long-term growth: Increased accessibility and institutional involvement could drive Bitcoin's price upwards.Conclusion:Bitcoin ETFs could change crypto, so exchanges must adjust to stay competitive. Investors, be cautious, research well—look beyond fees to security, reliability, and overall experience. A big shift is coming, though not necessarily a "bloodbath.".♨️#BTC #ETFBitcoin #ETFTrends $BTC $ETH #BinanceWish #Binance $XRP
Exchange-Traded Funds (ETFs): Unlocking Investment Opportunities
Exchange-Traded Funds (ETFs) have emerged as a popular and innovative investment vehicle, reshaping the landscape of the financial markets. Combining the benefits of both stocks and mutual funds, ETFs offer investors a diversified and cost-effective way to gain exposure to various asset classes, from stocks and bonds to commodities and beyond.
Understanding ETFs: A Brief Overview
An ETF is a type of investment fund and exchange-traded product, representing a basket of assets such as stocks or bonds. What sets ETFs apart is their ability to trade on stock exchanges, providing investors with the flexibility to buy and sell throughout the trading day at market prices. This liquidity is a key advantage, offering investors the ability to react swiftly to market changes.
Diversification and Risk Mitigation
One of the primary advantages of ETFs is their inherent diversification. By holding a basket of assets, ETFs spread risk across different securities, reducing the impact of poor performance from any single investment. This diversification is particularly appealing to investors seeking exposure to an entire market or sector without the risk associated with individual stock selection.
#ETFLAUNCH #ETFRally #ETFTrends
Exchange-Traded Funds (ETFs) have emerged as a popular and innovative investment vehicle, reshaping the landscape of the financial markets. Combining the benefits of both stocks and mutual funds, ETFs offer investors a diversified and cost-effective way to gain exposure to various asset classes, from stocks and bonds to commodities and beyond.
Understanding ETFs: A Brief Overview
An ETF is a type of investment fund and exchange-traded product, representing a basket of assets such as stocks or bonds. What sets ETFs apart is their ability to trade on stock exchanges, providing investors with the flexibility to buy and sell throughout the trading day at market prices. This liquidity is a key advantage, offering investors the ability to react swiftly to market changes.
Diversification and Risk Mitigation
One of the primary advantages of ETFs is their inherent diversification. By holding a basket of assets, ETFs spread risk across different securities, reducing the impact of poor performance from any single investment. This diversification is particularly appealing to investors seeking exposure to an entire market or sector without the risk associated with individual stock selection.
#ETFLAUNCH #ETFRally #ETFTrends
🚨The price of bitcoin (BTC) approaches $40,000 as the Fed continues to raise interest rates.
The biggest cryptocurrency in the world, Bitcoin (BTC), reached a new peak in 2023 and is getting near to $40,000. With a market valuation of $761 billion, Bitcoin is now 1.9% higher at $38,919 as of this writing.
Jerome Powell, the chairman of the Federal Reserve, made a hint on Friday that there won't be any more rate increases. This is in addition to positive economic indicators and a decline in US inflation.
This has made it easier for the price of Bitcoin (BTC) to approach $40,000; some analysts predict this will happen very soon. Furthermore, according to a Matrixport analysis, the price of bitcoin may reach $60,000 prior to the subsequent halving in April 2024.
Since November 17, 37,000 BTC, worth $1.4 billion, have been removed from exchanges, demonstrating a trend among investors choosing to keep their coins in direct custody.
With some possible effect from Binance's recent guilty plea, this outflow indicates a desire for a long-term holding strategy. The tendency to hold suggests strong demand and easing sell-side pressure, especially as anticipation grows for the impending debut of a spot exchange-traded fund (ETF) in the US.
#ETFTrends #BTC #ETH #Web3Wallet #btcnews99
The biggest cryptocurrency in the world, Bitcoin (BTC), reached a new peak in 2023 and is getting near to $40,000. With a market valuation of $761 billion, Bitcoin is now 1.9% higher at $38,919 as of this writing.
Jerome Powell, the chairman of the Federal Reserve, made a hint on Friday that there won't be any more rate increases. This is in addition to positive economic indicators and a decline in US inflation.
This has made it easier for the price of Bitcoin (BTC) to approach $40,000; some analysts predict this will happen very soon. Furthermore, according to a Matrixport analysis, the price of bitcoin may reach $60,000 prior to the subsequent halving in April 2024.
Since November 17, 37,000 BTC, worth $1.4 billion, have been removed from exchanges, demonstrating a trend among investors choosing to keep their coins in direct custody.
With some possible effect from Binance's recent guilty plea, this outflow indicates a desire for a long-term holding strategy. The tendency to hold suggests strong demand and easing sell-side pressure, especially as anticipation grows for the impending debut of a spot exchange-traded fund (ETF) in the US.
#ETFTrends #BTC #ETH #Web3Wallet #btcnews99
🚨🚨CRYPTO BREAKING NEWS:
BlackRock is "increasingly confident" we will see SEC approval of Bitcoin Spot ETF in January.
#BTC #ETFTrends #universalcryptoworld $BTC
BlackRock is "increasingly confident" we will see SEC approval of Bitcoin Spot ETF in January.
#BTC #ETFTrends #universalcryptoworld $BTC
🚨🚨 Why is the cryptocurrency market growing right now? Breaking free to $41,500, Bitcoin now
The price of bitcoin has topped $41,500, a level not seen since late April 2022. On December 4, the most recent gain caused it to reach a 19-month high.
An jubilant attitude was described by Santiment, a crypto analytics business, as Bitcoin broke beyond the $40,000 mark. The company said that the increase was related to a mixture of anxiety and anticipation for impending Exchange-Traded Fund (ETF) confirmation dates.
With this recent surge, Bitcoin has reached a new all-time high. Since the year's start, it has climbed by almost 140%. It is important to remember, nevertheless, that Bitcoin is still 42% behind its all-time high, which was reached on November 10, 2021, of almost $69,000.
Notably, Markus Thielen, chief research officer of Matrixport, has made a bold forecast on the future path of Bitcoin. Thielen forecasted in a letter dated November 30 that Bitcoin will surpass $60,000 by April 2024 and reach an astounding $125,000 by the end of the year.
Citing historical evidence, Thielen notes that BTC usually enters a bullish cycle following three consecutive bear markets. This study indicates that the next three-year bull market, which is now underway, will start in 2023.
The forecast made by Thielen is closely related to the upcoming 50% reduction in Bitcoin mining profitability in mid-April 2024. In the past, miners have hoarded Bitcoin in preparation of these events, which has caused price spikes of more than 200%. Based on past trends, Thielen believes that Bitcoin will reach $125,000.
#BinanceTournament #BTC #ETH #ETFTrends #btcnews99
The price of bitcoin has topped $41,500, a level not seen since late April 2022. On December 4, the most recent gain caused it to reach a 19-month high.
An jubilant attitude was described by Santiment, a crypto analytics business, as Bitcoin broke beyond the $40,000 mark. The company said that the increase was related to a mixture of anxiety and anticipation for impending Exchange-Traded Fund (ETF) confirmation dates.
With this recent surge, Bitcoin has reached a new all-time high. Since the year's start, it has climbed by almost 140%. It is important to remember, nevertheless, that Bitcoin is still 42% behind its all-time high, which was reached on November 10, 2021, of almost $69,000.
Notably, Markus Thielen, chief research officer of Matrixport, has made a bold forecast on the future path of Bitcoin. Thielen forecasted in a letter dated November 30 that Bitcoin will surpass $60,000 by April 2024 and reach an astounding $125,000 by the end of the year.
Citing historical evidence, Thielen notes that BTC usually enters a bullish cycle following three consecutive bear markets. This study indicates that the next three-year bull market, which is now underway, will start in 2023.
The forecast made by Thielen is closely related to the upcoming 50% reduction in Bitcoin mining profitability in mid-April 2024. In the past, miners have hoarded Bitcoin in preparation of these events, which has caused price spikes of more than 200%. Based on past trends, Thielen believes that Bitcoin will reach $125,000.
#BinanceTournament #BTC #ETH #ETFTrends #btcnews99
🚨🚨💥 BREAKING NEWS for $XRP 🚀🚨🚨💥
"Ripple Swell Starts With Blast As Ripple Payments Now Enabled Between Africa, Australia and UK.
With Ripple’s solution, Onafriq has opened three new payment corridors in the U.K., Gulf Nations, and Australia."
Ready to go to the MOON? 🚀🚀
#BullRun #BTC #XRPWave #ETFTrends
https://thecryptobasic.com/2023/11/08/ripple-swell-starts-with-blast-as-ripple-payments-now-enabled-between-africa-australia-and-uk/
"Ripple Swell Starts With Blast As Ripple Payments Now Enabled Between Africa, Australia and UK.
With Ripple’s solution, Onafriq has opened three new payment corridors in the U.K., Gulf Nations, and Australia."
Ready to go to the MOON? 🚀🚀
#BullRun #BTC #XRPWave #ETFTrends
https://thecryptobasic.com/2023/11/08/ripple-swell-starts-with-blast-as-ripple-payments-now-enabled-between-africa-australia-and-uk/
🚀 Bitcoin's Final Curtain Call: The Last Bullrun to Riches? 🌟
Hello all, it is me again ! Let me share with my current thought about the bitcoin and altcoins. We're on the cusp of what could be the most epic Bitcoin bullrun yet, and it's shaping up to be a millionaire-making extravaganza. But here's the kicker – this might just be the grand finale, the last big hurrah before a new crypto era dawns.
🔮 The Ultimate Cycle's Endgame
Bitcoin thrives on its infamous cycles, powered by halving events that slash its bounty in half every four years. As we edge closer to another one, the pattern holds strong. But whispers in the wind say this cycle's got a twist – it could be the final crescendo.
🏢 Big Players, Bigger Moves
The financial behemoths – think BlackRock, think Fidelity – are queuing up with Bitcoin ETFs, eyeing early next year for their big debut. It's a bullish move that could send shockwaves short-term, but the long game? That's where the plot thickens.
📉 A Golden Precedent
Remember gold's saga in 2004? It was the rebel's choice, traded with a firm handshake. Then ETFs entered, and gold hit the mainstream, its price skyrocketing. But with ease came strings – the potential for market manipulation. Could Bitcoin's ETF future echo gold's past?
🎩 Navigating the Final Wave
This isn't just about riding the wave to wealth; it's about understanding the currents. The ETF surge will be alluring, but the waters are charted by veterans of finance.
📢 What's your take? Is this Bitcoin's swan song, or just a prelude to more? Drop your thoughts below – let's decode the future of crypto together.
👍 Hit like, share, or tip if you feel generous and stay tuned for the latest in crypto dynamics. And remember, this isn't financial advice; it's your guide to the treasure hunt in the digital age.
#BitcoinBullrun #CryptoRevolution #WealthWave #ETFTrends #DigitalGoldRush
Hello all, it is me again ! Let me share with my current thought about the bitcoin and altcoins. We're on the cusp of what could be the most epic Bitcoin bullrun yet, and it's shaping up to be a millionaire-making extravaganza. But here's the kicker – this might just be the grand finale, the last big hurrah before a new crypto era dawns.
🔮 The Ultimate Cycle's Endgame
Bitcoin thrives on its infamous cycles, powered by halving events that slash its bounty in half every four years. As we edge closer to another one, the pattern holds strong. But whispers in the wind say this cycle's got a twist – it could be the final crescendo.
🏢 Big Players, Bigger Moves
The financial behemoths – think BlackRock, think Fidelity – are queuing up with Bitcoin ETFs, eyeing early next year for their big debut. It's a bullish move that could send shockwaves short-term, but the long game? That's where the plot thickens.
📉 A Golden Precedent
Remember gold's saga in 2004? It was the rebel's choice, traded with a firm handshake. Then ETFs entered, and gold hit the mainstream, its price skyrocketing. But with ease came strings – the potential for market manipulation. Could Bitcoin's ETF future echo gold's past?
🎩 Navigating the Final Wave
This isn't just about riding the wave to wealth; it's about understanding the currents. The ETF surge will be alluring, but the waters are charted by veterans of finance.
📢 What's your take? Is this Bitcoin's swan song, or just a prelude to more? Drop your thoughts below – let's decode the future of crypto together.
👍 Hit like, share, or tip if you feel generous and stay tuned for the latest in crypto dynamics. And remember, this isn't financial advice; it's your guide to the treasure hunt in the digital age.
#BitcoinBullrun #CryptoRevolution #WealthWave #ETFTrends #DigitalGoldRush
⚡ Crypto News Digest: Key Updates You Need to Know
9 November 2023
The current report features updates of BlackRock, Polygon Labs, MultiversX, ImmutableX, Fore Protocol, Covalent, SBI Holdings, Lightspeed Faction, Citizen Conflict, Illuvium, HSBC, and Shardeum.
$IMX $FORE $CQT $QORPO $ILV $SHM
9 November 2023
The current report features updates of BlackRock, Polygon Labs, MultiversX, ImmutableX, Fore Protocol, Covalent, SBI Holdings, Lightspeed Faction, Citizen Conflict, Illuvium, HSBC, and Shardeum.
$IMX $FORE $CQT $QORPO $ILV $SHM
Grayscale CEO Calls for Simultaneous Approval of Spot-Bitcoin ETFs, Navigating Regulatory Landscape Amid Industry Pivotal Moment
According to Grayscale's CEO, Michael Sonnenshein, he advocates for the US Securities and Exchange Commission (SEC) to approve multiple spot-Bitcoin ETFs simultaneously, emphasizing the need for an equitable market. In an interview with Bloomberg TV, Sonnenshein expressed Grayscale's public support for coordinated approvals when the SEC is ready to authorize spot products. Grayscale is prepared to list its product, GBTC, as an ETF and commits to reducing its fee upon ETF trading commencement, with the current expense ratio at 2%.
Having secured a significant ruling against the SEC earlier in the year in its bid to convert the trust into an ETF, Grayscale is now navigating the landscape alongside over 10 other companies seeking to launch spot-Bitcoin ETFs. Sonnenshein highlights the potential disadvantage to GBTC investors if the SEC allows other ETFs to launch ahead of theirs.
The Bitcoin ETF race, spanning more than a decade, may witness resolution in the next few weeks, with a critical deadline in early January requiring regulatory decisions on applications, including those from ARK and 21Shares. Analysts anticipate that approval for these entities could pave the way for others.
A current challenge in the ETF landscape revolves around deciding between in-kind and cash redemptions for funds. Grayscale supports in-kind redemptions, where underlying securities are exchanged with a market maker, emphasizing its effectiveness in protecting investors, maintaining tight spreads, and creating liquidity. Regulatory concerns about broker-dealers handling Bitcoin have led issuers to address this issue, aligning with Grayscale's position as the industry approaches a pivotal moment in the introduction of spot-Bitcoin ETFs.
#BTCto40k #ETFTrends #ETFLAUNCH #BinanceSquareAnalysis
According to Grayscale's CEO, Michael Sonnenshein, he advocates for the US Securities and Exchange Commission (SEC) to approve multiple spot-Bitcoin ETFs simultaneously, emphasizing the need for an equitable market. In an interview with Bloomberg TV, Sonnenshein expressed Grayscale's public support for coordinated approvals when the SEC is ready to authorize spot products. Grayscale is prepared to list its product, GBTC, as an ETF and commits to reducing its fee upon ETF trading commencement, with the current expense ratio at 2%.
Having secured a significant ruling against the SEC earlier in the year in its bid to convert the trust into an ETF, Grayscale is now navigating the landscape alongside over 10 other companies seeking to launch spot-Bitcoin ETFs. Sonnenshein highlights the potential disadvantage to GBTC investors if the SEC allows other ETFs to launch ahead of theirs.
The Bitcoin ETF race, spanning more than a decade, may witness resolution in the next few weeks, with a critical deadline in early January requiring regulatory decisions on applications, including those from ARK and 21Shares. Analysts anticipate that approval for these entities could pave the way for others.
A current challenge in the ETF landscape revolves around deciding between in-kind and cash redemptions for funds. Grayscale supports in-kind redemptions, where underlying securities are exchanged with a market maker, emphasizing its effectiveness in protecting investors, maintaining tight spreads, and creating liquidity. Regulatory concerns about broker-dealers handling Bitcoin have led issuers to address this issue, aligning with Grayscale's position as the industry approaches a pivotal moment in the introduction of spot-Bitcoin ETFs.
#BTCto40k #ETFTrends #ETFLAUNCH #BinanceSquareAnalysis
🚀 Bitcoin Bulls Charge Ahead: Is $40K the Next Stop? 🐂💰
Bitcoin Bulls on the March
With a whopping $1 billion in Bitcoin recently on the move and centralized exchanges witnessing a significant coin exodus, the case for a climb to $40,000 and beyond by the year's end has gained substantial momentum. Notably, some major tokens experienced a 5% surge in the past 24 hours, triggered by Bitcoin's ascent above $38,000 early Friday.
📈 Market Highlights:
Market capitalization has soared by $400 billion since October, reaching $1.5 trillion, a level unseen since May 2022.Matrixport remains optimistic, projecting a Bitcoin value of $125,000 by December 2024, driven by institutional adoption following the halving.
Bitcoin Price Dynamics:
Bitcoin is currently trading at $38,536.34 per coin, boasting a 24-hour trading volume of $22,171,207,334.06.The global crypto market valuation stands at $1.52 trillion, showing a 1.88% increase over the last 24 hours and a substantial 69.6% increase over the past year.Over 37,000 BTC, valued at $1.4 billion, have been withdrawn from exchanges since Nov. 17, indicating a strong preference for long-term holding strategies and heightened demand.
Anticipated Price Movements and Influencers:
Bitcoin's recent surge above $38,000, supported by optimistic market sentiment indicators like a potential spot Bitcoin ETF, a dovish US Federal Reserve, and the looming Bitcoin halving, has given bulls a near-term technical advantage.
Future Projections:
Matrixport forecasts a Bitcoin price of $63,140 by April 2024, expecting a three-year bull market driven by historical trends, halving mining rewards, and favorable geopolitical and macroeconomic conditions.
🔥 Stay Informed, Ride the Bull: Follow The Blockopedia for Real-time Crypto Updates! 🌐🚀
#BTC.price.surpassed #ETFTrends #crypto #cryptocurrency #crypto2023
Bitcoin Bulls on the March
With a whopping $1 billion in Bitcoin recently on the move and centralized exchanges witnessing a significant coin exodus, the case for a climb to $40,000 and beyond by the year's end has gained substantial momentum. Notably, some major tokens experienced a 5% surge in the past 24 hours, triggered by Bitcoin's ascent above $38,000 early Friday.
📈 Market Highlights:
Market capitalization has soared by $400 billion since October, reaching $1.5 trillion, a level unseen since May 2022.Matrixport remains optimistic, projecting a Bitcoin value of $125,000 by December 2024, driven by institutional adoption following the halving.
Bitcoin Price Dynamics:
Bitcoin is currently trading at $38,536.34 per coin, boasting a 24-hour trading volume of $22,171,207,334.06.The global crypto market valuation stands at $1.52 trillion, showing a 1.88% increase over the last 24 hours and a substantial 69.6% increase over the past year.Over 37,000 BTC, valued at $1.4 billion, have been withdrawn from exchanges since Nov. 17, indicating a strong preference for long-term holding strategies and heightened demand.
Anticipated Price Movements and Influencers:
Bitcoin's recent surge above $38,000, supported by optimistic market sentiment indicators like a potential spot Bitcoin ETF, a dovish US Federal Reserve, and the looming Bitcoin halving, has given bulls a near-term technical advantage.
Future Projections:
Matrixport forecasts a Bitcoin price of $63,140 by April 2024, expecting a three-year bull market driven by historical trends, halving mining rewards, and favorable geopolitical and macroeconomic conditions.
🔥 Stay Informed, Ride the Bull: Follow The Blockopedia for Real-time Crypto Updates! 🌐🚀
#BTC.price.surpassed #ETFTrends #crypto #cryptocurrency #crypto2023
Arthur Hayes opposed the approval of Bitcoin-ETFs
He called investment funds "agents of the state" and added that institutional interest in the asset threatens a situation "that we may ultimately not like"
"Yeah, okay, an ETF comes along, the price rises to what it can - but what's the end result of one institution owning all this cryptocurrency?"
#BTC🔥🔥 #BTCETF #ETFWave #ETFTrends
He called investment funds "agents of the state" and added that institutional interest in the asset threatens a situation "that we may ultimately not like"
"Yeah, okay, an ETF comes along, the price rises to what it can - but what's the end result of one institution owning all this cryptocurrency?"
#BTC🔥🔥 #BTCETF #ETFWave #ETFTrends
📉Bitcoin User Unwittingly Pays $3.1 Million in Single Transaction Fee👀
💔 An Unprecedented Bitcoin Fee Error
A bitcoin user has faced an expensive error by paying a fee of 83.65 BTC, worth $3.1 million, in a single transaction. This misstep, recorded in block 818,087 mined by Antpool, is now the largest fee ever in Bitcoin’s history. What are the lessons to be learned from this costly mistake? 📚💲
🧐 Breaking Down the Block
This block, encapsulating 4,179 transactions, earned Antpool a whopping 85.216 BTC in fees, with the erroneous transaction at its center. The transaction saw 55.77 BTC being moved, far outweighed by the fee itself. How can users and the network prevent such extreme oversights in the future? 🛡️🔧
🤔 Reflecting on Mining Ethics and Refunds
Considering the history of refunds in similar situations, like the Paxos incident with F2pool, this case raises questions about the ethical responsibilities of miners. Should Antpool refund the fee, and what precedents does this set in the crypto community? Share your views. 🌍✍️
📈 Your Premier Source for Crypto News: The Blockopedia
Stay ahead in the cryptocurrency market with The Blockopedia. From unexpected events to market trends, we provide comprehensive coverage and expert analysis. Don't miss out on the crucial insights needed for your crypto journey. ➡️
#BTC #ETFTrends #crypto #cryptocurrency #crypto2023
💔 An Unprecedented Bitcoin Fee Error
A bitcoin user has faced an expensive error by paying a fee of 83.65 BTC, worth $3.1 million, in a single transaction. This misstep, recorded in block 818,087 mined by Antpool, is now the largest fee ever in Bitcoin’s history. What are the lessons to be learned from this costly mistake? 📚💲
🧐 Breaking Down the Block
This block, encapsulating 4,179 transactions, earned Antpool a whopping 85.216 BTC in fees, with the erroneous transaction at its center. The transaction saw 55.77 BTC being moved, far outweighed by the fee itself. How can users and the network prevent such extreme oversights in the future? 🛡️🔧
🤔 Reflecting on Mining Ethics and Refunds
Considering the history of refunds in similar situations, like the Paxos incident with F2pool, this case raises questions about the ethical responsibilities of miners. Should Antpool refund the fee, and what precedents does this set in the crypto community? Share your views. 🌍✍️
📈 Your Premier Source for Crypto News: The Blockopedia
Stay ahead in the cryptocurrency market with The Blockopedia. From unexpected events to market trends, we provide comprehensive coverage and expert analysis. Don't miss out on the crucial insights needed for your crypto journey. ➡️
#BTC #ETFTrends #crypto #cryptocurrency #crypto2023
