Top 10 Spot #BitcoinETFs by Assets Under Management
Nearly a month following its launch, the landscape of #Bitcoin ETFs has experienced subtle shifts. #Grayscale's assets under management (AUM) have seen a decline, in contrast to other ETFs which have witnessed growth in their AUM. #Write2Earn #Bitcoin #TrendingTopic #BlackRlock #
VIP NEWS #CryptoNewsFlash House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal
Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPB’s proposed rule on digital consumer payment applications. This request centers on the committee’s concerns over the rule’s potential impact on the digital asset industry and its demand for a more comprehensive stakeholder review. ➖➖➖➖➖ #Write2Earn
On daily timeframe level the price action of $DOGE is consolidating in a descending triangle pattern level where the price action is trying to breakdown its Horizontal Support level.
If the price action breaks down this support level we can expect the price action will go and squeeze out the sell side liquidity levels ➖➖➖➖➖
CME Leads Bitcoin Futures Rally as Open Interest Swells to $4.06 Billion
The financial sector is closely monitoring the progress of several spot bitcoin (BTC) exchange-traded funds (ETFs) awaiting regulatory approval. These days, investors are increasingly convinced of the crypto asset’s allure to institutional investors. Mike Novogratz of Galaxy Digital underscored this sentiment in the company’s Q3 earnings call, predicting that “2024 literally is going to be a year of institutional adoption.”#Overall, the combined crypto futures OI across all trading platforms hit $34.25 billion on Friday, marking a 3.87% increase from the previous day. In light of CME Group surpassing Binance in OI, Bloomberg analyst James Seyffart commented on the development on the social media platform X (formally Twitter).“Okay this is interesting,” Seyffart posted. “Does this constitute ‘market of significant size’ now? Haha.”CME Group introduced bitcoin futures on December 18, 2017, during the notable bull run when BTC approached the $20,000 mark for the first time. Prior to CME’s offering, the Chicago Board Options Exchange (Cboe) was the first institutional platform to launch BTC futures. Nevertheless, Cboe ceased issuing new contracts for its cash-settled XBT bitcoin futures in 2019.#BTC