#BTC #BTC-ETF. #ETH @Krypto1signal JP Morgan Predicts Up to $35 Billion Inflows into New Bitcoin ETFs According to Coin News, J.P. Morgan has expressed skepticism about the amount of fresh capital that new spot bitcoin exchange-traded funds (ETFs) will attract. In a recent research report, the bank stated that while the market reaction to the U.S. Securities and Exchange Commission's (SEC) approval of spot bitcoin ETFs has been relatively muted, it does expect significant funds to rotate from existing crypto products into the newly created ETFs. Even if no new capital enters the cryptocurrency market, the new ETFs could still attract inflows of up to $36 billion.
P. Morgan estimates that about $3 billion could exit the Grayscale Bitcoin Trust (GBTC) and migrate to the new spot ETFs as a result of investors taking profit after buying discounted GBTC shares in the secondary market in the last year. The bank also sees up to $20 billion from retail investors migrating from digital wallets held at crypto exchanges to the new ETFs. Grayscale's high fees could trigger outflows, and unless it lowers its rates towards the level set by Blackrock and other providers, an additional $5 billion-$10 billion could exit GBTC relatively quickly to migrate towards cheaper spot bitcoin ETFs. Institutional investors that hold their crypto in fund format could shift from futures-based ETFs and GBTC to cheaper spot ETFs, especially if GBTC is slow to cut its fees, the report added. $BTC $SEC $ETF $GBTC $US $BNB
India and China Cryptocurrency Exchange Ban: Unraveling the Latest Developments (Don't panic)
Cryptocurrency exchanges have been a focal point in the regulatory landscape of both India and China, as authorities grapple with how to manage the burgeoning industry. The latest updates from these two economic giants shed light on their exapproaches to controlling the exchange of digital assets.
India's Evolving Policies: India has been navigating the regulatory landscape for cryptocurrency exchanges with a mix of caution and adaptation. In the early days, the Reserve Bank of India (RBI) imposed a banking ban on these exchanges, causing disruptions. However, the Supreme Court overturned the ban in 2020, providing a temporary respite for the industry. As of the latest update, India has not imposed a blanket ban on cryptocurrency exchanges. The government appears to be leaning towards a regulatory framework to address concerns such as money laundering, fraud, and investor protection. The aim is to strike a balance between fostering innovation in the crypto space and ensuring financial stability.
China's Ongoing Crackdown: In stark contrast, China has been taking an aggressive stance against cryptocurrency exchanges. The country has a history of shutting down these platforms, starting with the ban on initial coin offerings (ICOs) and exchanges in 2017. #trendingtoday The latest wave of crackdowns in 2021 targeted not only cryptocurrency mining but also forced the closure of numerous exchanges. Chinese authorities expressed concerns about financial risks associated with trading cryptocurrencies and the potential for these markets to facilitate illicit activities. China's approach emphasizes central control over the financial system, with clear aversion to decentralized and unregulated digital currencies. #BTC #ETH #SOL #XAI #etf #cryptodumping #Indiaban
#BTC #ETH #ETF unless something changes drastically, $49k may have been the top. This is important. Historically #Bitcoin will pullback going into the #BitcoinHalvingEvent 1st halving - 48%, -40%, -48%, and now the halving is a few months away. I'm going with $28.8k summer lows as my main target for some wick action, but 34k, 32k, 30k, this isn't for #Leverage so it makes little difference to me in the long run. Some time has passed since my last post, but nothing has changed. We are right on track. $BTC $FIL $FTM $SOL $BLUR @Krypto1signal
GM FRIENDS BIGGEST NEWS #baned #BTC #india Just In: India Bans Major Crypto Exchanges Don't Panic! Your Funds are Safe 700 India blocked access to websites of several offshore crypto exchanges, including Binance, Kucoin, OKX, Gate.io and many others on January 12. This action followed the removal of these platforms from the Apple App Store in the country just a few days earlier. The move is a consequence of the finance ministry issuing show-cause notices to these platforms on December 28, citing non-compliance with the country's money laundering laws. The notice was directed at Binance, Kucoin, Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, accusing them of operating illegally in India by failing to register and adhere to local tax regulations. In response to the alleged violations, the finance ministry instructed the information technology ministry to block the URLs of these platforms, leading to the recent website restrictions. However, the websites of thse exchanges can still be accessed through VPNs. Binance Assures Indian Users Their Funds are Safe. Confirming the situation, Binance sent an email to its customers in India, clarifying that it only impacts users attempting to access the Indian iOS app store or the Binance website from India. However, existing users with the Binance app are reportedly unaffected by the restriction. Binance emphasized its commitment to complying with local regulations and laws, asserting active communication with regulators to ensure user protection and foster the development of a healthy Web3 industry. @Krypto1signal
CRYPTO NEWSPAPER đ°đ§đ§ Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, is Bad News?
Hong Kong Virtual Asset Rating Agency (HKVAC) listed some cryptos but delisted XRP, Arbitrum (ARB) and nine others. Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.
Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.
In a recent video analysis, cryptocurrency educator Crypto BULLGod makes an optimistic case for the Kaspa cryptocurrency (KAS) potentially reaching $2-$4 USD in 2024. He provides an in-depth review of Kaspaâs current market position and future growth prospects.
Current Market Analysis Crypto BULLGod begins by examining Kaspaâs latest price action, identifying a bullish pennant formation after substantial gains. He notes the importance of sustainable upwards momentum, with a near-term target of around 38 cents. This analysis sets the foundation for his longer-term prediction.
Bitcoin Slips, But Sentiment for Altcoins Remains Strong: Traders Eye $ADA , $XRP , and $ETH
According to the latest analysis from on-chain analytics firm Santiment, trader sentiment remains quite bullish towards many top market cap cryptoassets, likely due to the recent excitement around the SEC approving Bitcoin futures ETFs. Santiment noted particularly high optimism towards Ethereum and XRP at the moment. âAs the weekend has kicked off, sentiment toward top cap assets remain at extremely optimistic levels with spotlights on them following the #ETF approvals. Traders are particularly #bullish toward #Ethereum after its market value climbed above $2,700 for the first time since May, 2022. There is also a notable #bull bias toward #Bitcoin and #XRPNetwork. While traders are discussing the possibility of $ETH or $XRP #ETFApproval possibilities, #Cardano is overlooked compared to its normal level of trader optimism.â noted Santiment
Since falling back below the $0.09 level, the dogecoin bulls have struggled to maintain control of the price. With bearish and selling pressure mounting, the best-case scenario was that the meme coin would once again enter an accumulation zone that could help provide support. According to a crypto analyst who goes by CryptoCheck on TradingView, the DOGE price may have finally entered this buy zone. The analyst analyzes the DOGE price on different time frames such as the four-hour and the weekly frame, coming up with a rather bullish narrative for the coin. On the 4-hour timeframe, the meme coin showed a lot of strength as a recovery rocked the crypto market. Then moving on to the weekly timeframe, the analyst points out that Dogecoin is currently flashing a buy signal for investors to get back in. This buy signal comes between the $0.078 and $0.084 levels.
Now, the levels highlighted for buying here coincide with the analysis from crypto analyst Skew who explained that the risk-reward above $0.087 is higher for investors who are looking to get in on the asset. These levels could present the best buying opportunity before the next leg-up.
DOGE Price Could Fly 800% CryptoCheckâs analyst also predicts a lot of potential upside for the Dogecoin price. They point out that DOGE has gone from a joke to a prominent crypto and this is thanks to the community which has continued to support its growth and development. FOLLOW my channel @Krypto1signal
On the first day of spot Bitcoin ETF trading, Cathie Woodâs Ark Invest sold a total of 31,281 Coinbase shares worth over $4.5 million, as per trades seen by CoinGape. ARK Innovation ETF (ARKK) sold 26,301 Coinbase shares and ARK Next Generation Internet ETF (ARKW) offloaded 4,980 COIN shares.
The recent Coinbase selloff spree went in favor of Ark Invest as COIN price fell 17% this week as spot Bitcoin ETF comes about as a âsell the newsâ event. Coinbase stock price closed 7.35% lower at $130.78 on Friday. In addition, ARK funds offloaded 366,406 Robinhood Markets (HOOD) shares worth over $4 million in the last two days. ARK Innovation ETF (ARKK) sold 342,519 HOOD shares and ARK Next Generation Internet ETF (ARKW) offloaded 23,887 HOOD shares.
HOOD price closed 5.89% lower at $11.02 on Friday. Robinhood Markets stock price tumbled 7.86% this week amid selloffs due to spot Bitcoin ETFs.
Cathie Wood Turns To Tesla While Ark Invest funds continued to offload crypto shares amid spot Bitcoin ETF trades, they purchased a total of 224,277 Tesla (TSLA) shares worth nearly $50 million in the last 2 days. Cathie Wood started buying Tesla shares again in December after selling them for months. ARK Innovation ETF (ARKK) bought 188,387 Tesla shares and ARK Next Generation Internet ETF (ARKW) purchased 35,890 TSLA shares.
TSLA price closed at $218.89 on Friday, down 3.67%. Elon Muskâs Tesla stock price dropped 7.32% this week.
#ETH #SOL #PUSHD ETH millionaire buys into the newly launched Pushd (PUSHD) presale as SOL peaks above $100
In the expansive realm of cryptocurrencies, Solana (SOL) has recently gained traction, challenging the prominence of Bitcoin. Following a brief decline, Solana (SOL) has rebounded to reach the $100 milestone. While this resurgence garners attention, an Ethereum investor is turning their gaze to a fresh prospect â Pushd (PUSHD).
Solana (SOL)âs Rebound and Introduction to Pushd (PUSHD) Solana (SOL) continues to carve its path in the cryptocurrency landscape. With a short-term bullish pattern against USDT, Solana (SOL) is eyeing a potential target of $110. The networkâs increased activity, particularly with the rise of its memecoin Bonk (BONK), suggests a growing engagement from users.
Key Features of Pushd (PUSHD) Pushdâs appeal lies in its simplicity and distinctive features. No lengthy KYC procedures are required â users can easily sign up. Vendors can list items swiftly, choosing fixed prices or auctions. The platform supports various cryptocurrencies for transactions and even provides a swap service for currency exchanges.
Pushd is more than just user-friendly; it stands out as the worldâs first decentralized online marketplace built on the blockchain. This ensures enhanced security, transparency, and decentralized governance. Transaction fees are notably lower than in traditional marketplaces, and deposits and withdrawals occur instantly, bypassing the usual waiting periods.
Experts Reveal Top Reaons Behind Bitcoin Price Crash ; How Low Can BTC Price Drop ?
After Bitcoinâs nearly 7% drop below $44,000, economist Peter Schiff said on X (previously Twitter) that Grayscaleâs Bitcoin Trust (GBTC) may not survive. Schiff questioned GBTCâs capacity to advertise aggressively amid declining Bitcoin prices. Now the skepticism coincides with the rise of rival, lower-fee Bitcoin ETFs, prompting fears about GBTC shareholder abandonment. Hereâs what it all means for you.
The launch of spot Bitcoin ETFs by Bitwise Invest, Fidelity, and BlackRock in the U.S. attracted $625.8 million in net inflows. Grayscaleâs Bitcoin Trust lost $95 million, raising issues about investor preferences and GBTCâs exorbitant fees. A large Bitcoin transfer from GBTC to a Coinbase Prime deposit address suggests investor assets may be shifting to other ETFs or regular selling.
Scaramucci: Grayscale ETF Sales Fueled Bitcoin Decline On the other side, despite Bitcoinâs 8% dip to $42,500 after ETF approval, some market analysts have labeled the launch a failure. Anthony Scaramucci, founder of SkyBridge Capital, points to substantial GBTC share sales as a key contributor.
In an interview with Bloomberg Television, Scaramucci highlighted a trend of significant Grayscale selling, with holders converting their shares from a trust to an ETF format. The recent SEC approval of ETFs led many to shift to these lower-fee alternatives, resulting in sell-offs to realize losses. Having said that, Grayscale Bitcoin Trust, founded in 2013, had a record First-Day turnover of $2.3 billion on Thursday, a milestone for ETFs. Following losses, trust stockholders sought cheaper alternatives, lowering Bitcoin prices below $43,000 on Friday. GBTC shares fell 5.2% to $38.58 on Friday, compared to Bitcoinâs over 160% rise in the previous year. follow my channel #krypto1signal