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The bull market is in full swing, and the future is promising
The bull market is in full swing, and the future is promising
Bitwise recently released its second quarter comprehensive market insight report. Its core viewpoints are like a shot in the arm, injecting infinite vitality into the cryptocurrency world:
Demand for Bitcoin ETFs exploded: This quarter, the influx of Bitcoin ETF funds exceeded the US$2.4 billion mark, setting a new record. This feat not only demonstrated investors’ unprecedented enthusiasm for crypto assets, but also directly absorbed more than 100% The supply of newly mined Bitcoins has significantly intensified the tension on the supply side of the market, laying a solid foundation for price increases.
Futures feast under regulatory compliance: The regulated Bitcoin futures market has also seen explosive growth. CME Bitcoin open interest soared to a historic high of US$9.8 billion in the second quarter, a year-on-year increase of nearly 400%. This data not only reflects the deep involvement of institutional investors in the cryptocurrency market, but also indicates further improvement in market maturity and effective risk diversification.
Bitwise recently released its second quarter comprehensive market insight report. Its core viewpoints are like a shot in the arm, injecting infinite vitality into the cryptocurrency world:
Demand for Bitcoin ETFs exploded: This quarter, the influx of Bitcoin ETF funds exceeded the US$2.4 billion mark, setting a new record. This feat not only demonstrated investors’ unprecedented enthusiasm for crypto assets, but also directly absorbed more than 100% The supply of newly mined Bitcoins has significantly intensified the tension on the supply side of the market, laying a solid foundation for price increases.
Futures feast under regulatory compliance: The regulated Bitcoin futures market has also seen explosive growth. CME Bitcoin open interest soared to a historic high of US$9.8 billion in the second quarter, a year-on-year increase of nearly 400%. This data not only reflects the deep involvement of institutional investors in the cryptocurrency market, but also indicates further improvement in market maturity and effective risk diversification.
"Get ready to witness Bitcoin's meteoric rise as anticipation builds for a potential game-changing move by China! 🚀 With whispers of a lift on the ban, the crypto realm braces for a tidal wave of excitement. 📈 After years of stringent measures, China might be gearing up to embrace cryptocurrencies once again, fueled by shifting financial dynamics and environmental consciousness. 🌿🏦
Recent developments, including Hong Kong's green light for Bitcoin ETFs, hint at a monumental shift in perspective. 💡 Esteemed scholar Ben Charoenwong points to the surge in capital as a clear indicator of evolving attitudes. 💸 Voices across the crypto sphere, from CoinPedia to BitcoinLFG, echo sentiments of China softening its stance on crypto, especially with Hong Kong's bold move into Bitcoin spot ETFs. 🤔🎨
As excitement mounts, it's essential to stay vigilant and rely on credible sources for updates amidst the buzz. 🧐 Keep a close watch for official announcements as we navigate this potential Bitcoin revival! 📻 #BitcoinRevival $BTC #etf上线
Recent developments, including Hong Kong's green light for Bitcoin ETFs, hint at a monumental shift in perspective. 💡 Esteemed scholar Ben Charoenwong points to the surge in capital as a clear indicator of evolving attitudes. 💸 Voices across the crypto sphere, from CoinPedia to BitcoinLFG, echo sentiments of China softening its stance on crypto, especially with Hong Kong's bold move into Bitcoin spot ETFs. 🤔🎨
As excitement mounts, it's essential to stay vigilant and rely on credible sources for updates amidst the buzz. 🧐 Keep a close watch for official announcements as we navigate this potential Bitcoin revival! 📻 #BitcoinRevival $BTC #etf上线
U.S. Bitcoin spot ETF weekly trading volume reaches $5.65 billion, a new high since March 24 🚨🚨🚨
Financial reports indicate that the weekly trading volume of the U.S. Bitcoin spot ETF reached US$5.65 billion, the highest level since March 24.
Trading volume in Bitcoin investment products has surged, with nearly 1,000 U.S. companies purchasing Bitcoin spot ETFs.
Follow For More .❤️
Thanks
✅@realmabbaskhan
#SpotTradingSuccess #ETFVolume #ETHETFS #etf上线 #realmabbaskhan
Financial reports indicate that the weekly trading volume of the U.S. Bitcoin spot ETF reached US$5.65 billion, the highest level since March 24.
Trading volume in Bitcoin investment products has surged, with nearly 1,000 U.S. companies purchasing Bitcoin spot ETFs.
Follow For More .❤️
Thanks
✅@realmabbaskhan
#SpotTradingSuccess #ETFVolume #ETHETFS #etf上线 #realmabbaskhan
🚀 Get ready for a potential surge in Bitcoin! 📈 If China lifts its ban, the crypto world could see a massive wave of excitement. 🌊
FX168 Financial News Agency (Asia Pacific) has stirred up the crypto community with reports that experts predict China might reverse its crypto ban within the next three months. 📅 This comes after years of restrictions due to financial risks and environmental concerns. 🏦🌿
Hong Kong’s recent nod to Bitcoin ETFs 📊 might be influencing this change of heart. 💡 Ben Charoenwong, a respected scholar, suggests that the unbridled capital flows are a sign of the times. 💸
CoinPedia and BitcoinLFG, voices of the crypto realm, hint that China’s tough crypto stance is softening. 🤔 With Hong Kong’s embrace of a Bitcoin spot ETF, we could be on the cusp of a crypto renaissance in the region. 🎨
#BitcoinRevival
Remember, while the buzz is building, it’s important to stay informed with reliable sources and keep an eye on official announcements. 🧐 Stay tuned for more updates! 📻
$BTC #etf上线
FX168 Financial News Agency (Asia Pacific) has stirred up the crypto community with reports that experts predict China might reverse its crypto ban within the next three months. 📅 This comes after years of restrictions due to financial risks and environmental concerns. 🏦🌿
Hong Kong’s recent nod to Bitcoin ETFs 📊 might be influencing this change of heart. 💡 Ben Charoenwong, a respected scholar, suggests that the unbridled capital flows are a sign of the times. 💸
CoinPedia and BitcoinLFG, voices of the crypto realm, hint that China’s tough crypto stance is softening. 🤔 With Hong Kong’s embrace of a Bitcoin spot ETF, we could be on the cusp of a crypto renaissance in the region. 🎨
#BitcoinRevival
Remember, while the buzz is building, it’s important to stay informed with reliable sources and keep an eye on official announcements. 🧐 Stay tuned for more updates! 📻
$BTC #etf上线
