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US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows
Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows.
Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday: GBTC saw $23.22 million, while the mini trust saw $8.45 million move out from the ETFs.
There were no funds that recorded net inflows yesterday. The eight other funds, including BlackRock’s IBIT, logged zero flows for the day.
The total daily trading volume for the 12 ETFs declined further to $1.35 billion, down from $1.41 billion on Wednesday. The spot bitcoin funds have amassed total net inflows of $17.06 billion since launching in January.#USNonFarmPayrollReport $BTC
Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows.
Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday: GBTC saw $23.22 million, while the mini trust saw $8.45 million move out from the ETFs.
There were no funds that recorded net inflows yesterday. The eight other funds, including BlackRock’s IBIT, logged zero flows for the day.
The total daily trading volume for the 12 ETFs declined further to $1.35 billion, down from $1.41 billion on Wednesday. The spot bitcoin funds have amassed total net inflows of $17.06 billion since launching in January.#USNonFarmPayrollReport $BTC
📈 On May 31th, U.S. spot Bitcoin ETFs saw +$50m net inflows, marking the 14th consecutive day of positive flows.
...& +$172m net inflows on the week 🔥
CRYPTO INSIDER 👉🏻 SUBSCRIBE
...& +$172m net inflows on the week 🔥
CRYPTO INSIDER 👉🏻 SUBSCRIBE
Get involved with our #EarnFreeCrypto2024 campaign for a chance to win up to 500 FDUSD! Share your top 6 ways to earn free cryptocurrency in 2024. Include solutions such as airdrops, specifically Binance's Megadrop, features like Binance Earn, Binance Learn and Earn, Binance Launchpool, Write2Earn on Binance Square, referral programmes, and social media giveaways.
#GAL is moving in the bearish channel of a bullish flag pattern formed on the daily time frame.
The price is approaching the ceiling of the channel. Now, the price is ready to break the pattern. In case of a successful breakout, we can expect an upward movement of at least 50%.
For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest $5.5 target strong resistance area.
The price is approaching the ceiling of the channel. Now, the price is ready to break the pattern. In case of a successful breakout, we can expect an upward movement of at least 50%.
For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest $5.5 target strong resistance area.
#BinanceLaunchpool By the way, maybe someone heard the “ETF PEPE” joke yesterday? Oh well, no big deal...
Look at that meme panel again, in fact, PEPE alone has almost doubled, SVM memes are still standing
And the bet on WIF, among other things, was on that parameter. Because PEPE has almost always been at parity with WIF, and now apparently something is broken
Returning to these thoughts, we can come to the conclusion that SOL ETF is also quite probable, just some new paradigm has been formed
To attract more interest, ETF's will be launched, yes, maybe even all the way up to DOGE. Because VanEck, who owns ETF's on BTC & ETH, have also made their memecoin index as well
So such approves and quick approves should#altcoins not be surprised, because they will be politically motivated, even if it's even a little bit profitable 🐶l$PEPE $BTC #BinanceLaunchpool
Look at that meme panel again, in fact, PEPE alone has almost doubled, SVM memes are still standing
And the bet on WIF, among other things, was on that parameter. Because PEPE has almost always been at parity with WIF, and now apparently something is broken
Returning to these thoughts, we can come to the conclusion that SOL ETF is also quite probable, just some new paradigm has been formed
To attract more interest, ETF's will be launched, yes, maybe even all the way up to DOGE. Because VanEck, who owns ETF's on BTC & ETH, have also made their memecoin index as well
So such approves and quick approves should#altcoins not be surprised, because they will be politically motivated, even if it's even a little bit profitable 🐶l$PEPE $BTC #BinanceLaunchpool
#Bitcoin❗ price decreased by more than 5% after reaching the resistance level of $72000-$74000 and the ceiling of the ascending channel at the same time as the news.
The price moves in the ascending channel, and therefore, there is a possibility of further price reduction to the bottom of the channel.
The main support level is still $57,500-$56,200.
The price moves in the ascending channel, and therefore, there is a possibility of further price reduction to the bottom of the channel.
The main support level is still $57,500-$56,200.
The price of #ZENT moves in the bottom of its ascending channel in the daily time frame, and in the 4-hour time frame, it was able to break the downward trend line.
The price is breaking the resistance level of $9.30-$9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $15.00 and then $18.00.🚀🚀🚀
$ETH $BNB
The price is breaking the resistance level of $9.30-$9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $15.00 and then $18.00.🚀🚀🚀
$ETH $BNB
U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support.
The U.S. House of Representatives has approved a bill to establish regulations for digital asset markets, marking a significant legislative accomplishment for the crypto industry.
The bill, known as the Financial Innovation and Technology for the 21st Century Act (FIT21), received bipartisan support, with Democrats crossing party lines to vote in favor.
The legislation aims to regulate the U.S. crypto markets, provide consumer protections, and define the classification of crypto tokens as securi
The bill, known as the Financial Innovation and Technology for the 21st Century Act (FIT21), received bipartisan support, with Democrats crossing party lines to vote in favor.
The legislation aims to regulate the U.S. crypto markets, provide consumer protections, and define the classification of crypto tokens as securi
Six months ago, excitement around spot Bitcoin
BTC +0.37%
ETFs, developments in the Bitcoin ecosystem such as Ordinals, and the upcoming halving drove the average weekly number of new Bitcoin addresses to approach its highest levels since its all-time high value in December 2017.
Yet six months on, just like in early 2018, the number of new addresses joining the network has cratered as the fervor around new Bitcoin projects dies down.
According to The Block's data, only an average of 275,000 addresses were added to the Bitcoin network each day in the past week, compared to 625,000 six months ago.
#ETHETFS $BTC $BNB
BTC +0.37%
ETFs, developments in the Bitcoin ecosystem such as Ordinals, and the upcoming halving drove the average weekly number of new Bitcoin addresses to approach its highest levels since its all-time high value in December 2017.
Yet six months on, just like in early 2018, the number of new addresses joining the network has cratered as the fervor around new Bitcoin projects dies down.
According to The Block's data, only an average of 275,000 addresses were added to the Bitcoin network each day in the past week, compared to 625,000 six months ago.
#ETHETFS $BTC $BNB
#BinanceLaunchpool
WELCOME TO THE DATA DEBRIEF!
Welcome to the Data Debrief! Crypto and equity markets are surging following a reassuring inflation report. In other news, CME is reportedly planning to launch crypto trading, the Senate voted to kill a controversial crypto accounting policy, and 400+ financial institutions have invested in Blackrock’s BTC ETF. This week we explore:
ETH market structure ahead of the ETF decision
The resilience of meme tokens
Surging crypto activity in the US
Altcoin liquidity is improving
Trend of the Week
ETH ETF HOPES FADE AS DEADLINE LOOMS.
It’s another big week for crypto ETFs, and this time, Ethereum takes center stage.
The US Securities and Exchange Commission is set to respond to VanEck’s spot Ether ETF application by May 23. Similar to the spot Bitcoin ETF decision in January, this has been earmarked as the de facto deadline for all live applications from BlackRock, Fidelity, ARK Invest and others.
Market participants expect the SEC to deny or approve all applications at the same time to avoid creating disparities between issuers.
While the regulator has already issued several delay orders up to now, ETH has largely been unaffected by the news. A rejection has likely been priced in as expectations of approval waned over the past few months.
#ETHETFS $BTC #BinanceLaunchpool
WELCOME TO THE DATA DEBRIEF!
Welcome to the Data Debrief! Crypto and equity markets are surging following a reassuring inflation report. In other news, CME is reportedly planning to launch crypto trading, the Senate voted to kill a controversial crypto accounting policy, and 400+ financial institutions have invested in Blackrock’s BTC ETF. This week we explore:
ETH market structure ahead of the ETF decision
The resilience of meme tokens
Surging crypto activity in the US
Altcoin liquidity is improving
Trend of the Week
ETH ETF HOPES FADE AS DEADLINE LOOMS.
It’s another big week for crypto ETFs, and this time, Ethereum takes center stage.
The US Securities and Exchange Commission is set to respond to VanEck’s spot Ether ETF application by May 23. Similar to the spot Bitcoin ETF decision in January, this has been earmarked as the de facto deadline for all live applications from BlackRock, Fidelity, ARK Invest and others.
Market participants expect the SEC to deny or approve all applications at the same time to avoid creating disparities between issuers.
While the regulator has already issued several delay orders up to now, ETH has largely been unaffected by the news. A rejection has likely been priced in as expectations of approval waned over the past few months.
#ETHETFS $BTC #BinanceLaunchpool