El Salvador's Bitcoin holdings exceed 6,000, with BlackRock leading in holdings
#BTC上攻11万? According to the latest data from the Salvadoran Ministry of Finance as of December 29, 2024, El Salvador's Bitcoin holdings have increased to 6,000.77 coins, with a total value exceeding $569 million. In the past 7 days, El Salvador has added 19 Bitcoins, and in the past 30 days, it has added 53. Max Keiser, the senior Bitcoin advisor to President Nayib Bukele, revealed that the president has increased the daily Bitcoin purchase amount, with a medium-term goal of acquiring another 20,000 Bitcoins. Globally, BlackRock's Bitcoin holdings have reached 552,555 coins, showing its importance attached to Bitcoin. BlackRock points out that Bitcoin is different from traditional assets, with the 'seven giants' of the US stock market making up about 1%-2% of investment portfolios, exceeding this range will significantly increase risk levels. In the long term, the risk of Bitcoin may decrease, and investors may use it as a tool to hedge specific risks, similar to gold.
Dynamics of the Crypto ETF Market in the U.S. and Hong Kong
#加密ETF申请热潮涌现 In 2024, the cryptocurrency market is experiencing historic developments, especially in the ETF sector. Following the approval of Bitcoin and Ethereum ETFs, many institutions such as Canary Capital and VanEck began applying for ETFs for other cryptocurrencies like Solana, XRP, and Litecoin. The Hong Kong market is also not lagging behind, with financial giants like Harvest Fund, Southern Fund, and Huaxia Fund's Hong Kong subsidiaries applying to launch Bitcoin ETFs. In December, the monthly inflow for the ETH ETF surged to $2.1 billion, setting a new historical record and paving the way for future rebounds. Experts expect that $ETH
Significant Capital Inflow into Ethereum ETFs, Market Holds Optimistic Views on Cryptocurrency ETF Prospects
#加密ETF申请热潮涌现 Recently, the funding flow in the cryptocurrency market has shown a clear trend. Yesterday, Bitcoin ETFs experienced a capital outflow totaling $288 million, while Ethereum ETFs showed the opposite trend, with a net inflow of $47.77 million. As of December 28, 2024, Ethereum ( ) is priced at approximately $3,338, with market predictions suggesting that the ETH price could reach around $4,500 by 2025 and approximately $8,800 by 2030. The U.S. Securities and Exchange Commission (SEC) recently approved multiple Ethereum spot ETFs, including the 21Shares Core Ethereum ETF (ticker: CETH) and the Bitwise Ethereum ETF (ticker: ETHW), providing investors with new investment channels. However, investors should be aware that holding ETH through an ETF may not yield staking rewards and may incur management fees. Therefore, it is recommended that investors carefully consider the associated costs and benefits before investing.