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What's next for ETFs? Matt Hougan, CIO at Bitwise, predicts the total market cap of BTC ETFs will reach $100 billion, with ETH ETFs attracting around $15 billion. He believes ETFs are an attractive product for investors, and a real trend with growing demand and inflows will take shape by 2025. $ETH #ETFs✅ #CryptoTradingGuide
What's next for ETFs? Matt Hougan, CIO at Bitwise, predicts the total market cap of BTC ETFs will reach $100 billion, with ETH ETFs attracting around $15 billion. He believes ETFs are an attractive product for investors, and a real trend with growing demand and inflows will take shape by 2025.

$ETH #ETFs✅ #CryptoTradingGuide
ℹ️🚨 This was the most relevant today in the #CryptoSpace 1- ConsenSys has announced that it received a notification from the SEC that they will end their investigation into #Ethereum 2.0. $ETH 2- Binance has announced the launch of Airdrops for $BNB holders. 🤑 3- The German government raised alarms by moving its Bitcoin holdings, around 425 million dollars. 4- Pantera Capital has announced that it will allocate 200 million dollars to the AI sector. 🔥 5- A Pantera Capital analyst says Biden is privately asking the SEC to change cryptocurrency regulations. 6- The total net outflow to $BTC Spot #ETFs✅ on June 18 was 152 million dollars. 7- LayerZero Foundation has launched an eligibility verification website.
ℹ️🚨 This was the most relevant today in the #CryptoSpace

1- ConsenSys has announced that it received a notification from the SEC that they will end their investigation into #Ethereum 2.0. $ETH

2- Binance has announced the launch of Airdrops for $BNB holders. 🤑

3- The German government raised alarms by moving its Bitcoin holdings, around 425 million dollars.

4- Pantera Capital has announced that it will allocate 200 million dollars to the AI sector. 🔥

5- A Pantera Capital analyst says Biden is privately asking the SEC to change cryptocurrency regulations.

6- The total net outflow to $BTC Spot #ETFs✅ on June 18 was 152 million dollars.

7- LayerZero Foundation has launched an eligibility verification website.
🚨BREAKING : SEC delays decision about options trading on spot $BTC   ETFs #ETFs✅
🚨BREAKING :
SEC delays decision about options trading on spot $BTC   ETFs

#ETFs✅
#SPOT BITCOIN ETFs IN HONG KONG IS EXPECTED TO DRAW IN $1BILIION *Fee Structures and Comparative Analysis with Existing Spot Bitcoin ETFs* Hong Kong’s new spot Bitcoin ETFs and Ether Exchange Traded Funds (ETFs) are about to start, and they will have fees of around 1-2%. These fees can affect how many people, both regular and big investors, decide to invest. For example, other ETFs from CSOP have fees of 2% plus about 2% more in other costs. But a Samsung ETF has lower fees, at about 0.95%. These new spot Bitcoin ETFs’ fees are important especially when compared to other ETFs already out there. Lower fees might make more people want to invest, but higher fees could make these new ETFs less attractive, especially when other ETFs are also an option. People will have to think about the fees and how much they could make from their investment, as well as how easy it is to invest in these new ETFs. He also thinks that a lot depends on how things improve and how much the ecosystem for these digital assets grows. He says this could help Hong Kong become a leader in the Asia region for ETFs. *Conclusion* In conclusion, Hong Kong’s new spot Bitcoin and Ether Exchange Traded Funds (ETFs) are expected to attract significant attention and investment, despite regulatory hurdles and fee structures. While challenges exist, such as restrictions for Mainland China investors and varying fee comparisons with existing ETFs, the introduction of these ETFs marks a significant milestone for Hong Kong’s financial market. With projections of up to $1 billion in assets under management within the first two years, Hong Kong is positioning itself as a key player in the global cryptocurrency market. Visit: Dipprofit.com for daily news and latest airdrop updates. #ETFs✅ #BitcoinETFs! #bitcoinhalving #BullorBear #Memecoins
#SPOT BITCOIN ETFs IN HONG KONG IS EXPECTED TO DRAW IN $1BILIION

*Fee Structures and Comparative Analysis with Existing Spot Bitcoin ETFs*

Hong Kong’s new spot Bitcoin ETFs and Ether Exchange Traded Funds (ETFs) are about to start, and they will have fees of around 1-2%.

These fees can affect how many people, both regular and big investors, decide to invest.

For example, other ETFs from CSOP have fees of 2% plus about 2% more in other costs. But a Samsung ETF has lower fees, at about 0.95%.

These new spot Bitcoin ETFs’ fees are important especially when compared to other ETFs already out there.

Lower fees might make more people want to invest, but higher fees could make these new ETFs less attractive, especially when other ETFs are also an option.

People will have to think about the fees and how much they could make from their investment, as well as how easy it is to invest in these new ETFs.

He also thinks that a lot depends on how things improve and how much the ecosystem for these digital assets grows. He says this could help Hong Kong become a leader in the Asia region for ETFs.

*Conclusion*

In conclusion, Hong Kong’s new spot Bitcoin and Ether Exchange Traded Funds (ETFs) are expected to attract significant attention and investment, despite regulatory hurdles and fee structures.

While challenges exist, such as restrictions for Mainland China investors and varying fee comparisons with existing ETFs, the introduction of these ETFs marks a significant milestone for Hong Kong’s financial market.

With projections of up to $1 billion in assets under management within the first two years, Hong Kong is positioning itself as a key player in the global cryptocurrency market.

Visit: Dipprofit.com for daily news and latest airdrop updates.

#ETFs✅ #BitcoinETFs! #bitcoinhalving #BullorBear #Memecoins
The funny thing is BTC is still able to close weekly above 65.5k, respecting the Discount Array, but you guys are bearish. Prima facie, it looks like last week's move lower was just a Buy Stops Hunt move before continuation higher. Just for your information: 🇭🇰🪙🪙 China Asset Management, Bosera Capital, and HashKey Capital Limited's spot Bitcoin and Ethereum ETF requests have been approved by the SEC of Hong Kong. Tell me in the comments what you think of the acceptance of the ETF requests. #ETFs✅ #BullorBear
The funny thing is BTC is still able to close weekly above 65.5k, respecting the Discount Array, but you guys are bearish.

Prima facie, it looks like last week's move lower was just a Buy Stops Hunt move before continuation higher.

Just for your information:

🇭🇰🪙🪙 China Asset Management, Bosera Capital, and HashKey Capital Limited's spot Bitcoin and Ethereum ETF requests have been approved by the SEC of Hong Kong.

Tell me in the comments what you think of the acceptance of the ETF requests.
#ETFs✅
#BullorBear
🚀 Binance News Flash 🚀 With Bitcoin's halving event looming on the horizon, experts are pondering whether this time around, the anticipated price dip could be softened by the emergence of Bitcoin exchange-traded funds (ETFs). These ETFs, poised to attract significant institutional investment, might just change the game. As we gear up for the fourth-ever Bitcoin halving in April, the crypto community is abuzz with anticipation. Historically, halvings have been accompanied by price retracements, but this time, there's a twist: the potential influence of Bitcoin ETFs. These financial instruments could counteract the typical pre-halving sell-offs, offering a buffer to Bitcoin's price. The halving process, designed to reduce the supply of new Bitcoin and uphold its scarcity, unfolds in several stages. Currently, we find ourselves in the midst of a pre-halving retracement, where investors brace for potential downward pressure. Yet, the arrival of Bitcoin ETFs adds a new dimension to the equation. Following the halving, we can expect a period of reaccumulation, where investors recalibrate their strategies. But it's what comes after that's truly exciting: the possibility of a parabolic uptrend, propelling Bitcoin to new heights. The recent approval of 11 Bitcoin ETFs by the SEC has sent ripples through the financial world, opening doors for traditional investors to delve into the world of crypto. This pivotal decision underscores the growing demand for Bitcoin-related investment products, setting the stage for a potential shift in the crypto landscape. So, as we navigate through the stages of the halving cycle, all eyes are on Bitcoin ETFs and their potential to shape the future trajectory of the crypto market. Strap in, fellow traders, because the ride is just getting started! 🌟 #BitcoinTrends" #ETFs✅ #HalvingHype
🚀 Binance News Flash 🚀

With Bitcoin's halving event looming on the horizon, experts are pondering whether this time around, the anticipated price dip could be softened by the emergence of Bitcoin exchange-traded funds (ETFs). These ETFs, poised to attract significant institutional investment, might just change the game.

As we gear up for the fourth-ever Bitcoin halving in April, the crypto community is abuzz with anticipation. Historically, halvings have been accompanied by price retracements, but this time, there's a twist: the potential influence of Bitcoin ETFs. These financial instruments could counteract the typical pre-halving sell-offs, offering a buffer to Bitcoin's price.

The halving process, designed to reduce the supply of new Bitcoin and uphold its scarcity, unfolds in several stages. Currently, we find ourselves in the midst of a pre-halving retracement, where investors brace for potential downward pressure. Yet, the arrival of Bitcoin ETFs adds a new dimension to the equation.

Following the halving, we can expect a period of reaccumulation, where investors recalibrate their strategies. But it's what comes after that's truly exciting: the possibility of a parabolic uptrend, propelling Bitcoin to new heights.

The recent approval of 11 Bitcoin ETFs by the SEC has sent ripples through the financial world, opening doors for traditional investors to delve into the world of crypto. This pivotal decision underscores the growing demand for Bitcoin-related investment products, setting the stage for a potential shift in the crypto landscape.

So, as we navigate through the stages of the halving cycle, all eyes are on Bitcoin ETFs and their potential to shape the future trajectory of the crypto market. Strap in, fellow traders, because the ride is just getting started! 🌟 #BitcoinTrends" #ETFs✅ #HalvingHype
In the aftermath, ETH dropped to $3,200. Bitcoin (BTC), the largest cryptocurrency, dropped to around $62,000 after bouncing to near $64,000 earlier. The broad-market CoinDesk 20 Index (CD20) fell 3%.#HotTrends "I do think this relates to the ETF … The SEC has been in an untenable position for some time with its position on ETH,” said Scott Johnson, general partner at Van Buran Capital in a post on X. “This is in my opinion either an attempt to maintain its ambiguity for just a bit longer or the SEC is going nuclear option.” #ETFs✅ #Ethereum✅ #HotTrends Designating ETH as a security could complicate efforts to create ether ETFs in the U.S. The SEC has a May deadline to decide on approval. An analyst at Bloomberg Intelligence on Tuesday said he doesn't expect such a fund to get approved by May, given the regulator's lack of engagement with potential issuers – a contrast to the active conversations around spot bitcoin ETFs before they got the green light in January. #HotTrends
In the aftermath, ETH dropped to $3,200. Bitcoin (BTC), the largest cryptocurrency, dropped to around $62,000 after bouncing to near $64,000 earlier. The broad-market CoinDesk 20 Index (CD20) fell 3%.#HotTrends

"I do think this relates to the ETF … The SEC has been in an untenable position for some time with its position on ETH,” said Scott Johnson, general partner at Van Buran Capital in a post on X. “This is in my opinion either an attempt to maintain its ambiguity for just a bit longer or the SEC is going nuclear option.” #ETFs✅ #Ethereum✅ #HotTrends

Designating ETH as a security could complicate efforts to create ether ETFs in the U.S. The SEC has a May deadline to decide on approval. An analyst at Bloomberg Intelligence on Tuesday said he doesn't expect such a fund to get approved by May, given the regulator's lack of engagement with potential issuers – a contrast to the active conversations around spot bitcoin ETFs before they got the green light in January. #HotTrends
Based on current trends, I suspect Bitcoin might be nearing the peak of its post-halving price surge. A correction to the $49,000-$57,000 range is possible before another upward climb by year's end. This could see Bitcoin finally break the $100,000 barrier by late 2024 or early 2025. Interestingly, the recent price increase from $16,000 to $73,000 happened pretty smoothly and without a significant correction. I have a feeling a correction is long overdue. While a pullback feels overdue, the strong enthusiasm for Bitcoin ETFs could disrupt usual patterns. It will be interesting to see if a correction occurs or if Bitcoin pushes towards $80,000 next. Even if I'm wrong and Bitcoin reaches $100,000 in two months, I'd be happy to be surprised! #bitcoinhalving #ETFs✅ #BullorBear
Based on current trends, I suspect Bitcoin might be nearing the peak of its post-halving price surge. A correction to the $49,000-$57,000 range is possible before another upward climb by year's end. This could see Bitcoin finally break the $100,000 barrier by late 2024 or early 2025.

Interestingly, the recent price increase from $16,000 to $73,000 happened pretty smoothly and without a significant correction. I have a feeling a correction is long overdue. While a pullback feels overdue, the strong enthusiasm for Bitcoin ETFs could disrupt usual patterns. It will be interesting to see if a correction occurs or if Bitcoin pushes towards $80,000 next.

Even if I'm wrong and Bitcoin reaches $100,000 in two months, I'd be happy to be surprised!

#bitcoinhalving #ETFs✅ #BullorBear
▶️Recent statements from BlackRock‼️ suggesting a lack of demand for another ETF may be misleading, given their past strategies of downplaying market sentiment before making significant purchases. This tactic was evident in their approach to Bitcoin ETFs, where negative sentiment preceded substantial investments. Bitcoin ETFs, like the ProShares Bitcoin Strategy ETF (BITO), have historically catalyzed market rallies upon approval. These ETFs have democratized access to Bitcoin, attracting both institutional investors and retail traders, thus boosting demand and market capitalization. The introduction of Bitcoin ETFs has improved market liquidity and stability by attracting more participants and increasing trading volumes. Additionally, their approval has played a role in legitimizing the cryptocurrency market, fostering greater acceptance among traditional investors. Given this track record, the approval of an Ethereum ETF could likely spark another bull run, similar to the impact seen with Bitcoin ETFs. #HotTrends #Write2Erarn #ETFs✅
▶️Recent statements from BlackRock‼️

suggesting a lack of demand for another ETF may be misleading, given their past strategies of downplaying market sentiment before making significant purchases. This tactic was evident in their approach to Bitcoin ETFs, where negative sentiment preceded substantial investments.

Bitcoin ETFs, like the ProShares Bitcoin Strategy ETF (BITO), have historically catalyzed market rallies upon approval. These ETFs have democratized access to Bitcoin, attracting both institutional investors and retail traders, thus boosting demand and market capitalization.

The introduction of Bitcoin ETFs has improved market liquidity and stability by attracting more participants and increasing trading volumes. Additionally, their approval has played a role in legitimizing the cryptocurrency market, fostering greater acceptance among traditional investors.

Given this track record, the approval of an Ethereum ETF could likely spark another bull run, similar to the impact seen with Bitcoin ETFs.
#HotTrends
#Write2Erarn
#ETFs✅
The Bitcoin Bonanza: Fidelity's Fabulous FortuneIn the thrilling world of cryptocurrency, where the digital gold rush meets Wall Street, we've witnessed a spectacle that's got everyone buzzing. It's a tale of triumph, a saga of success, and it all revolves around the almighty Bitcoin. The Scene: A Financial Frenzy Picture this: It's March 26th, a seemingly ordinary day, but not in the crypto cosmos. U.S. Bitcoin Exchange-Traded Funds (ETFs) are riding a rollercoaster of capital, with a whopping $418 million net inflow. It's a strong rebound, a bullish bounce-back, defying the $212 million outflow by Grayscale's Bitcoin Trust (GBTC). Fidelity: The Champion of the Day Amidst the chaos, one name stands out, shining brighter than the rest: Fidelity. With a staggering $279 million influx and an addition of 4,000 BTC to their coffers, they're not just winning; they're dominating. It's like watching a grandmaster in a game of high-stakes chess, making all the right moves at the perfect time. The Plot Thickens: A Closer Look But wait, there's more to this story. The Bitcoin spot ETFs didn't just see any inflows; they saw the largest single-day gain since their inception. This isn't just a win; it's a record-breaking, headline-making, investor-shaking moment. The Ripple Effect: Market Movements This influx of funds into Bitcoin ETFs signals a renewed confidence among institutional investors. With Bitcoin stabilizing around $70,000, it's clear that the big players are back in the game, ready to bet big on the future of finance. The Underdog's Tale: Grayscale's Grit Despite the outflow, let's tip our hats to Grayscale. They've been a cornerstone of the crypto market, and while they've faced a setback, they're down but not out. With a history of resilience, they're sure to bounce back. The Future: Bright and Blockchain-ed As we look ahead, the horizon is gleaming with the promise of blockchain technology. With Fidelity leading the charge, the future of Bitcoin ETFs is as bright as the screens they're traded on. So, there you have it, folks. A day in the life of Bitcoin ETFs, where fortunes are made, records are broken, and the financial world is forever changed. Stay tuned for the next chapter in this digital drama, because if there's one thing we know about crypto, it's that the show's just getting started. $BTC #ETFs✅

The Bitcoin Bonanza: Fidelity's Fabulous Fortune

In the thrilling world of cryptocurrency, where the digital gold rush meets Wall Street, we've witnessed a spectacle that's got everyone buzzing. It's a tale of triumph, a saga of success, and it all revolves around the almighty Bitcoin.
The Scene: A Financial Frenzy
Picture this: It's March 26th, a seemingly ordinary day, but not in the crypto cosmos. U.S. Bitcoin Exchange-Traded Funds (ETFs) are riding a rollercoaster of capital, with a whopping $418 million net inflow. It's a strong rebound, a bullish bounce-back, defying the $212 million outflow by Grayscale's Bitcoin Trust (GBTC).
Fidelity: The Champion of the Day
Amidst the chaos, one name stands out, shining brighter than the rest: Fidelity. With a staggering $279 million influx and an addition of 4,000 BTC to their coffers, they're not just winning; they're dominating. It's like watching a grandmaster in a game of high-stakes chess, making all the right moves at the perfect time.
The Plot Thickens: A Closer Look
But wait, there's more to this story. The Bitcoin spot ETFs didn't just see any inflows; they saw the largest single-day gain since their inception. This isn't just a win; it's a record-breaking, headline-making, investor-shaking moment.
The Ripple Effect: Market Movements
This influx of funds into Bitcoin ETFs signals a renewed confidence among institutional investors. With Bitcoin stabilizing around $70,000, it's clear that the big players are back in the game, ready to bet big on the future of finance.
The Underdog's Tale: Grayscale's Grit
Despite the outflow, let's tip our hats to Grayscale. They've been a cornerstone of the crypto market, and while they've faced a setback, they're down but not out. With a history of resilience, they're sure to bounce back.
The Future: Bright and Blockchain-ed
As we look ahead, the horizon is gleaming with the promise of blockchain technology. With Fidelity leading the charge, the future of Bitcoin ETFs is as bright as the screens they're traded on.
So, there you have it, folks. A day in the life of Bitcoin ETFs, where fortunes are made, records are broken, and the financial world is forever changed. Stay tuned for the next chapter in this digital drama, because if there's one thing we know about crypto, it's that the show's just getting started.
$BTC #ETFs✅
ICYMI, the approval of #Bitcoin #ETFs✅ s has propelled BTC back to unprecedented levels, igniting a memecoin resurgence that has outperformed many sectors. This revival shines a light on both legacy tokens like #Dogecoin‬⁩ and #SHIB , which have seen gains over 100%, and newer tokens like #PEPE and #WIF, soaring over 600%. With most meme tokens trading strictly onchain, data analytics is crucial for spotting trends and momentum, helping investors differentiate between tokens with lasting potential and those destined for fleeting popularity. Solana's prominence in memecoin trading is fueled by its abundant daily active #DEX traders and economical transaction fees, positioning it as a focal point for small-cap trading. Analyzing trader demographics and behaviors through data can provide valuable indicators of the viability and future prospects of emerging #Memecoins memecoins #Btc #trendingtopic
ICYMI, the approval of #Bitcoin #ETFs✅ s has propelled BTC back to unprecedented levels, igniting a memecoin resurgence that has outperformed many sectors. This revival shines a light on both legacy tokens like #Dogecoin‬⁩ and #SHIB , which have seen gains over 100%, and newer tokens like #PEPE and #WIF, soaring over 600%. With most meme tokens trading strictly onchain, data analytics is crucial for spotting trends and momentum, helping investors differentiate between tokens with lasting potential and those destined for fleeting popularity.

Solana's prominence in memecoin trading is fueled by its abundant daily active #DEX traders and economical transaction fees, positioning it as a focal point for small-cap trading. Analyzing trader demographics and behaviors through data can provide valuable indicators of the viability and future prospects of emerging #Memecoins memecoins
#Btc #trendingtopic
Европейский банковский гигант BNP Paribas присоединяется к биткойн-ETF BNP Paribas, второй по величине банк в Европейском Союзе (ЕС), присоединился к биткойн-движению. Согласно недавним документам, французский банковский гигант приобрел в первом квартале акции BlackRock на сумму 41 684 доллара, что дало аналитикам рынка сигнал о том, что это может стать началом чего-то важного. Согласно документации, BNP Paribas приобрела 1030 iShares Bitcoin Trust (IBIT) по средней цене 40,47 доллара за акцию. Хотя эти инвестиции невелики по сравнению с почти 600 миллиардами долларов, которые банк имеет в активах под управлением (AUM), этот шаг ознаменовал поворотный сдвиг в массовом использовании Биткойна. Раскрытие информации об этом вливании денежных средств в спотовый биткойн-ETF BlackRock было раскрыто в форме 13F. Это важное нормативное раскрытие информации, требуемое от компаний, которые торговали в Соединенных Штатах в определенное время. #BTC #Bitcoin #ETFBitcoin #ETFs✅ $BTC
Европейский банковский гигант BNP Paribas присоединяется к биткойн-ETF

BNP Paribas, второй по величине банк в Европейском Союзе (ЕС), присоединился к биткойн-движению. Согласно недавним документам, французский банковский гигант приобрел в первом квартале акции BlackRock на сумму 41 684 доллара, что дало аналитикам рынка сигнал о том, что это может стать началом чего-то важного.

Согласно документации, BNP Paribas приобрела 1030 iShares Bitcoin Trust (IBIT) по средней цене 40,47 доллара за акцию. Хотя эти инвестиции невелики по сравнению с почти 600 миллиардами долларов, которые банк имеет в активах под управлением (AUM), этот шаг ознаменовал поворотный сдвиг в массовом использовании Биткойна.

Раскрытие информации об этом вливании денежных средств в спотовый биткойн-ETF BlackRock было раскрыто в форме 13F. Это важное нормативное раскрытие информации, требуемое от компаний, которые торговали в Соединенных Штатах в определенное время.
#BTC #Bitcoin #ETFBitcoin #ETFs✅
$BTC
Maybe everyone is hearing about etf outflows, etfs, and demand on etfs! Well here is a brief explanation about what they mean and what they indicate! ETF flows refer to the movement of capital into or out of exchange-traded funds (ETFs). When investors buy shares of an ETF, it creates inflows, indicating increased demand for the ETF. Conversely, when investors sell shares of an ETF, it leads to outflows, signaling decreased demand. These flows can provide insights into investor sentiment and market trends. For example, sustained inflows into a particular ETF may indicate bullish sentiment and confidence in the underlying assets, while persistent outflows could suggest bearish sentiment or a lack of confidence. ETF flows are closely monitored by investors, analysts, and fund managers as they can influence market dynamics and asset prices. #Guidance #ETFs✅ #ETFs
Maybe everyone is hearing about etf outflows, etfs, and demand on etfs!
Well here is a brief explanation about what they mean and what they indicate!

ETF flows refer to the movement of capital into or out of exchange-traded funds (ETFs). When investors buy shares of an ETF, it creates inflows, indicating increased demand for the ETF. Conversely, when investors sell shares of an ETF, it leads to outflows, signaling decreased demand.

These flows can provide insights into investor sentiment and market trends. For example, sustained inflows into a particular ETF may indicate bullish sentiment and confidence in the underlying assets, while persistent outflows could suggest bearish sentiment or a lack of confidence.

ETF flows are closely monitored by investors, analysts, and fund managers as they can influence market dynamics and asset prices.
#Guidance #ETFs✅ #ETFs
"Exciting News: Bitcoin Price Bounces Back! 🚀 But, Some ETF Funds Saw Outflows Last Night (3/20)... On March 20th, ten BTC spot ETFs experienced a net outflow of $261.66M, equivalent to roughly 3,983 BTC leaving the ETF custody addresses after the US stock market opened on March 21st. Details: - Grayscale (GBTC) and Invesco (BTCO) saw an outflow of around 6,040 BTC ($396.83M) on March 20th. - However, eight other ETFs saw an inflow of approximately 2,057 BTC ($135.17M) on the same day. Despite this, the total holdings of these ten BTC spot ETFs remain impressive at 829,982 BTC ($54.52B)! Stay updated on the crypto market trends with Binance."#HotTrends #BTC🔥🔥🔥🔥 #ETFs✅ .
"Exciting News: Bitcoin Price Bounces Back! 🚀
But, Some ETF Funds Saw Outflows Last Night (3/20)...

On March 20th, ten BTC spot ETFs experienced a net outflow of $261.66M, equivalent to roughly 3,983 BTC leaving the ETF custody addresses after the US stock market opened on March 21st.

Details:
- Grayscale (GBTC) and Invesco (BTCO) saw an outflow of around 6,040 BTC ($396.83M) on March 20th.
- However, eight other ETFs saw an inflow of approximately 2,057 BTC ($135.17M) on the same day.

Despite this, the total holdings of these ten BTC spot ETFs remain impressive at 829,982 BTC ($54.52B)!

Stay updated on the crypto market trends with Binance."#HotTrends #BTC🔥🔥🔥🔥 #ETFs✅ .
🔥 Bloomberg: - Hong Kong is likely to allow the launch of spot bitcoin-ETFs, which will help attract funds from Chinese investors. 💸 If that happens, there will be an influx of fresh money into the market, which means ATH targets could exceed expectations 🤩🤩 💰 BTC = $69,008 🔼 #btc #analytics #crypto #ETFs✅ #CryptoNews!
🔥 Bloomberg:
- Hong Kong is likely to allow the launch of spot bitcoin-ETFs, which will help attract funds from Chinese investors. 💸

If that happens, there will be an influx of fresh money into the market, which means ATH targets could exceed expectations 🤩🤩

💰 BTC = $69,008 🔼

#btc #analytics #crypto #ETFs✅ #CryptoNews!
Crypto Price Analysis 23 March: ETH, GALA, SHIB Crypto Price Analysis: The crypto market saw a spike in volatility as #Bitcoin grapples to rebound strongly from $60000, is further correction underway. new-crypto-e1706969692323.webp Crypto Price Analysis: On Saturday, the cryptocurrency market witnessed a modest uptick as the leading digital asset Bitcoin and Ethereum surged nearly 1% to ease the broader market sell-off. However, as the US-listed spot, #BTC #ETFs✅ continue to witness aggressive outflow, which pressurizes the underlying asset Bitcoin to prolong its correction which simultaneously triggers selling pressure in altcoins. In a revealing update from SpotOn Chain, Bitcoin ETFs saw a net outflow of $52 million on March 22, 2024. This capped off a week of negative trends totaling an $888 million outflow across 10 ETFs. Cumulative net inflow is now at a low of $11.27 billion after 50 trading days. Notably, the iShares Bitcoin Trust recorded a single-day inflow of just $18.9 million, the lowest in 20 days. Thus, side-lined traders looking for an entry opportunity should wait for better confirmation before reversal. Ethereum (ETH) stands as the pioneering smart contract platform, distinguished by its robust decentralized application (dApp) ecosystem. Its native token, ETH, facilitates transactions and powers operations on the network. During the mid-week, the Ethereum price rebounded from the 38.2% Fibonacci retracement level and carried a relief rally to $3587. However, the buyers failed to follow up on this reversal and plunged the price back to $3363. In the last 24 hours, the market cap of Ethereum plunged to $404 Billion, While the trading volume wavers at the $19.5 mark. If the correction trend persists, the ETH sellers may rechallenge the $3125 support to prolong the correction to $2820. On a contrary note, a breakout above the $3600 barrier would give an additional confirmation for recovery. 2)Gala Games (GALA) Gala Games (GALA) is an emerging player in the blockchain gaming space, allowing players to have a say in game development. What sets GALA apart is its focus on creating a decentralized gaming ecosystem where players can own in-game assets such as NFTs. Amid the recent relief rally in the market, the GALA price rebounded from a 50% retracement level at $0.0536, indicating the buyers have not thrown in the towel yet. The positive upswing lifted the altcoin to $0.06, while the market capitalization stands at $1.8 Billion. As of press time, the GALA price surged 6.5% supported by $289 Million in trading volume. If the bullish reversal breaks immediate resistance of $0.065, the buyers will chase potential targets at $0.073 and $0.086. 3)Shiba Inu (SHIB) Shiba Inu (SHIB) started as a meme-inspired cryptocurrency but has grown into a project with its own decentralized exchange, ShibaSwap, and plans to expand into an NFT market and gaming. SHIB's large and active community, along with its scarcity tactics like coin burning, drive its uniqueness in the market. With a market cap of $16.15 Billion, Shiba Inu stands as the 18th largest cryptocurrency as per Coinmarketcap. An analysis of the daily chart shows the coin price is hovering above 61.8% FIB level at $0.000024. This consolidation led by a downsloping trendline and horizontal support hints at the formation of a descending triangle pattern. Amid the broader market correction, this bearish pattern formation hints at a potential for a prolonged downtrend. A bearish breakdown from the $0.0000238 may have plunged the Shiba Inu price to $0.000019. Takeaway The weekend brought heightened volatility in the cryptocurrency market, with Bitcoin grappling to rebound sustainably from the $60,000 mark. The presence of short-body candles in daily charts reflects uncertainty among market participants but the threat of correction remains intact. $ETH $GALA $SHIB #HotTrends

Crypto Price Analysis 23 March: ETH, GALA, SHIB

Crypto Price Analysis: The crypto market saw a spike in volatility as #Bitcoin grapples to rebound strongly from $60000, is further correction underway.
new-crypto-e1706969692323.webp
Crypto Price Analysis: On Saturday, the cryptocurrency market witnessed a modest uptick as the leading digital asset Bitcoin and Ethereum surged nearly 1% to ease the broader market sell-off. However, as the US-listed spot, #BTC #ETFs✅ continue to witness aggressive outflow, which pressurizes the underlying asset Bitcoin to prolong its correction which simultaneously triggers selling pressure in altcoins.
In a revealing update from SpotOn Chain, Bitcoin ETFs saw a net outflow of $52 million on March 22, 2024. This capped off a week of negative trends totaling an $888 million outflow across 10 ETFs. Cumulative net inflow is now at a low of $11.27 billion after 50 trading days. Notably, the iShares Bitcoin Trust recorded a single-day inflow of just $18.9 million, the lowest in 20 days.
Thus, side-lined traders looking for an entry opportunity should wait for better confirmation before reversal.
Ethereum (ETH) stands as the pioneering smart contract platform, distinguished by its robust decentralized application (dApp) ecosystem. Its native token, ETH, facilitates transactions and powers operations on the network.
During the mid-week, the Ethereum price rebounded from the 38.2% Fibonacci retracement level and carried a relief rally to $3587. However, the buyers failed to follow up on this reversal and plunged the price back to $3363.
In the last 24 hours, the market cap of Ethereum
plunged to $404 Billion, While the trading
volume wavers at the $19.5 mark. If the
correction trend persists, the ETH sellers may
rechallenge the $3125 support to prolong the
correction to $2820.
On a contrary note, a breakout above the $3600
barrier would give an additional confirmation for
recovery.
2)Gala Games (GALA)
Gala Games (GALA) is an emerging player in the
blockchain gaming space, allowing players to
have a say in game development. What sets
GALA apart is its focus on creating a
decentralized gaming ecosystem where players
can own in-game assets such as NFTs.
Amid the recent relief rally in the market, the
GALA price rebounded from a 50% retracement
level at $0.0536, indicating the buyers have not
thrown in the towel yet. The positive upswing
lifted the altcoin to $0.06, while the market
capitalization stands at $1.8 Billion.
As of press time, the GALA price surged 6.5%
supported by $289 Million in trading volume. If
the bullish reversal breaks immediate resistance
of $0.065, the buyers will chase potential
targets at $0.073 and $0.086.
3)Shiba Inu (SHIB)
Shiba Inu (SHIB) started as a meme-inspired
cryptocurrency but has grown into a project
with its own decentralized exchange,
ShibaSwap, and plans to expand into an NFT
market and gaming. SHIB's large and active
community, along with its scarcity tactics like
coin burning, drive its uniqueness in the market.
With a market cap of $16.15 Billion, Shiba Inu
stands as the 18th largest cryptocurrency as
per Coinmarketcap. An analysis of the daily
chart shows the coin price is hovering above
61.8% FIB level at $0.000024.
This consolidation led by a downsloping
trendline and horizontal support hints at the
formation of a descending triangle pattern.
Amid the broader market correction, this bearish
pattern formation hints at a potential for a
prolonged downtrend.
A bearish breakdown from the $0.0000238 may
have plunged the Shiba Inu price to $0.000019.
Takeaway
The weekend brought heightened volatility in
the cryptocurrency market, with Bitcoin
grappling to rebound sustainably from the
$60,000 mark. The presence of short-body
candles in daily charts reflects uncertainty
among market participants but the threat of
correction remains intact.
$ETH $GALA $SHIB
#HotTrends
Bitcoin's Dance with Demand: A Financial Rhythm Everyone Can FollowIn the latest twist of the financial saga, has been playing a game of peek a boo with its peak prices. While it's been a bit shy lately, it's still strutting its stuff with a year to date performance that's hard to ignore. The secret to its swagger? A new lineup of spot Bitcoin ETFs that have investors and Wall Street doing the cha-cha. As April approaches, the crypto community is buzzing with anticipation for Bitcoin's halving event. It's a rare occasion that could either send prices moonwalking to new heights or have them take a quickstep back. The trillion dollar question on everyone's mind: What's the next move for this financial maestro? $BTC has already waltzed its way into the traditional financial ballroom, earning nods from both casual savers and the high rollers. This year, it's been the belle of the ball with record highs, and last year's #ETFs✅ were the debutantes that stole the show. #Bitcoin’s allure is in its simplicity. It's the financial equivalent of a catchy tune that everyone can hum along to. For the average person, it's a straightforward investment that promises to keep their purchasing power doing the jitterbug, free from the inflation blues. And now, Wall Street is also tapping its toes to Bitcoin's beat, eyeing it as a hedge against the silent siphoning of value. But here's where the plot thickens: when everyone from Main Street to the financial elite starts stockpiling $BTC , demand could outdo the supply. That's when investors, with their ears to the ground, start to ponder, "If the crowd wants more than what's available, surely the price will hit the high notes?" Whether Bitcoin's price will samba, foxtrot, or boogie in the short, medium, or long term is the big question. The answers will choreograph how much investors should waltz into their portfolios, whether they're looking for a quick spin or a long-term partnership. So, lace up your dancing shoes, folks. If demand continues to lead supply in this financial tango, Bitcoin's price is all set to dance its way up. Stay tuned to see where the rhythm of the market takes us next!

Bitcoin's Dance with Demand: A Financial Rhythm Everyone Can Follow

In the latest twist of the financial saga, has been playing a game of peek a boo with its peak prices. While it's been a bit shy lately, it's still strutting its stuff with a year to date performance that's hard to ignore. The secret to its swagger? A new lineup of spot Bitcoin ETFs that have investors and Wall Street doing the cha-cha.
As April approaches, the crypto community is buzzing with anticipation for Bitcoin's halving event. It's a rare occasion that could either send prices moonwalking to new heights or have them take a quickstep back.
The trillion dollar question on everyone's mind: What's the next move for this financial maestro? $BTC has already waltzed its way into the traditional financial ballroom, earning nods from both casual savers and the high rollers. This year, it's been the belle of the ball with record highs, and last year's #ETFs✅ were the debutantes that stole the show.
#Bitcoin’s allure is in its simplicity. It's the financial equivalent of a catchy tune that everyone can hum along to. For the average person, it's a straightforward investment that promises to keep their purchasing power doing the jitterbug, free from the inflation blues.
And now, Wall Street is also tapping its toes to Bitcoin's beat, eyeing it as a hedge against the silent siphoning of value.
But here's where the plot thickens: when everyone from Main Street to the financial elite starts stockpiling $BTC , demand could outdo the supply. That's when investors, with their ears to the ground, start to ponder, "If the crowd wants more than what's available, surely the price will hit the high notes?"
Whether Bitcoin's price will samba, foxtrot, or boogie in the short, medium, or long term is the big question. The answers will choreograph how much investors should waltz into their portfolios, whether they're looking for a quick spin or a long-term partnership.
So, lace up your dancing shoes, folks. If demand continues to lead supply in this financial tango, Bitcoin's price is all set to dance its way up. Stay tuned to see where the rhythm of the market takes us next!
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