EFTvsBTC
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🚨 BREAKING NEWS: OSPREY FUNDS SEEKS APPROVAL TO CONVERT BITCOIN TRUST TO ETF
Osprey Funds has officially filed with the U.S. Securities and Exchange Commission (SEC), proposing to convert the Osprey Bitcoin Trust into an exchange-traded fund (ETF).
📌 This move marks a significant step forward as Osprey joins the ranks of major financial institutions working to push for SEC approval of Bitcoin-related ETF products.
🌐 If approved, this will be a major milestone in expanding access to Bitcoin for traditional investors while also promoting the maturation of the cryptocurrency market.
📅 The market is watching the SEC's decision closely, as the financial industry hopes for a positive signal for Bitcoin ETF in the near future.
#USPPITrends #USPPITrends #EFTvsBTC
Osprey Funds has officially filed with the U.S. Securities and Exchange Commission (SEC), proposing to convert the Osprey Bitcoin Trust into an exchange-traded fund (ETF).
📌 This move marks a significant step forward as Osprey joins the ranks of major financial institutions working to push for SEC approval of Bitcoin-related ETF products.
🌐 If approved, this will be a major milestone in expanding access to Bitcoin for traditional investors while also promoting the maturation of the cryptocurrency market.
📅 The market is watching the SEC's decision closely, as the financial industry hopes for a positive signal for Bitcoin ETF in the near future.
#USPPITrends #USPPITrends #EFTvsBTC
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LATEST ETF CASH FLOW: LARGE TRANSACTIONS ON BITCOIN AND ETHEREUM FUNDS
📊 On January 14, exchange-traded funds (ETFs) recorded:
2,171 Bitcoin were sold, equivalent to a net withdrawal value of 209.8 million USD from Bitcoin ETFs. In contrast, Ethereum ETFs witnessed an increase, with 382 Ethereum purchased, equivalent to a net influx of 1.2 million USD.
📌 This trend reflects an adjustment in investment cash flow, as Bitcoin is under profit-taking pressure, while Ethereum continues to attract investor interest.
🌐 The ETF market remains an important gauge reflecting institutional investors' sentiment towards cryptocurrencies.
#USPPITrends #EFT #EFTvsBTC
📊 On January 14, exchange-traded funds (ETFs) recorded:
2,171 Bitcoin were sold, equivalent to a net withdrawal value of 209.8 million USD from Bitcoin ETFs. In contrast, Ethereum ETFs witnessed an increase, with 382 Ethereum purchased, equivalent to a net influx of 1.2 million USD.
📌 This trend reflects an adjustment in investment cash flow, as Bitcoin is under profit-taking pressure, while Ethereum continues to attract investor interest.
🌐 The ETF market remains an important gauge reflecting institutional investors' sentiment towards cryptocurrencies.
#USPPITrends #EFT #EFTvsBTC
🔔 MARKET MOVING NEWS!
📈 Market Today UTC: 03:11 | 16/12/24
1️⃣ Bitcoin Hits New All-Time High Above $106K 📊
Bitcoin ($BTC ) surged to a historic all-time high of $106,487, reflecting a nearly 5% increase as it moved above the $100,000 resistance zone. This bullish momentum has positively influenced the overall crypto market, resulting in major altcoins also experiencing significant gains.
2️⃣ ETFs Draw Billions Amidst Bitcoin's Surge ❓
Bitcoin ETFs saw an impressive inflow of $2.167 billion last week, while Ethereum ETFs garnered $854.8 million, highlighting strong institutional interest. This growth in #EFTvsBTC assets under management is likely to further fuel the current bullish sentiment in the crypto market.
3️⃣ Whale Activity Signals Major Crypto Movement 🔼
A significant whale withdrew $2.46 million in $ACT and $WIF from Binance, signaling heightened market activity. Such large transactions indicate potential shifts in market sentiment and could affect liquidity for lesser-known cryptocurrencies.
4️⃣ Market Analysts Eye Fed Rates Impact on BTC 🔒
Experts are analyzing how the upcoming Federal Reserve rate meeting may influence Bitcoin's price trajectory, weighing the possibility of a price drop against continued bullish sentiment. Potential market volatility could arise depending on the Fed's decisions.
5️⃣ Fantom and Stacks Show Impressive Gains ‼
Fantom (FTM) leads the market with a 17% increase, while Stacks (STX) follows with a 15% surge. These gains are indicative of robust bullish momentum, as investor interest grows in altcoins alongside Bitcoin’s record surge.
#BTCNewATH #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA
1️⃣ Bitcoin Hits New All-Time High Above $106K 📊
Bitcoin ($BTC ) surged to a historic all-time high of $106,487, reflecting a nearly 5% increase as it moved above the $100,000 resistance zone. This bullish momentum has positively influenced the overall crypto market, resulting in major altcoins also experiencing significant gains.
2️⃣ ETFs Draw Billions Amidst Bitcoin's Surge ❓
Bitcoin ETFs saw an impressive inflow of $2.167 billion last week, while Ethereum ETFs garnered $854.8 million, highlighting strong institutional interest. This growth in #EFTvsBTC assets under management is likely to further fuel the current bullish sentiment in the crypto market.
3️⃣ Whale Activity Signals Major Crypto Movement 🔼
A significant whale withdrew $2.46 million in $ACT and $WIF from Binance, signaling heightened market activity. Such large transactions indicate potential shifts in market sentiment and could affect liquidity for lesser-known cryptocurrencies.
4️⃣ Market Analysts Eye Fed Rates Impact on BTC 🔒
Experts are analyzing how the upcoming Federal Reserve rate meeting may influence Bitcoin's price trajectory, weighing the possibility of a price drop against continued bullish sentiment. Potential market volatility could arise depending on the Fed's decisions.
5️⃣ Fantom and Stacks Show Impressive Gains ‼
Fantom (FTM) leads the market with a 17% increase, while Stacks (STX) follows with a 15% surge. These gains are indicative of robust bullish momentum, as investor interest grows in altcoins alongside Bitcoin’s record surge.
#BTCNewATH #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA