•Blackrock CEO Larry Fink said he "sees value" in the ETF in a recent interview. •Blackrock, Fidelity, VanEck and others have already applied for Ethereum ETFs, with some final decision deadlines set for the US Securities and Exchange Commission (SEC) in May. •Instant ETF approval for Ethereum could be more problematic than was the case with Bitcoin, as there is a possibility that the underlying crypto asset of Ethereum could be classified as a security. •Blackrock ( BLK ) CEO Larry Fink may have generated momentum for his Ethereum exchange-traded fund (ETF). However, approval of such a product would likely face a significant regulatory hurdle •“I see value in owning an ETF,” Fink said in an interview with CNBC on Friday morning, just one day after the first bitcoin ETFs began trading in the United States. “And as I said, this is just a stepping stone to tokenization.•Why are Fink's comments important for the ETH ETF? •Blackrock originally changed the way people thought about whether creating a spot bitcoin ETF would be possible when the financial giant filed for its own offering in June 2023. They now have their own Ethereum ETF proposal as well. Many of the same other financial institutions, such as Ark and Fidelity, that saw the launch of spot Bitcoin ETF products on Thursday, have also filed for spot Ether ETFs with the SEC. •VanEck is first in line for potential approval for its spot ETF product, with the SEC's deadline for a decision set for May 23. •While Ethereum is often lumped in with Bitcoin ( BTCUSD ) as the two main cryptocurrency projects, there are concerns that ETF approval of Ether may be a more complex proposition. Much of the uncertainty surrounding such a financial product is related to the potential classification of Ethereum (ETHUSD ), the underlying crypto-asset of the Ethereum ecosystem, as a security. •When asked whether approval of a spot Bitcoin ETF could open the door to approvals of other crypto asset ETFs, such as an Ethereum spot ETF, SEC Chairman Gary Gensler said: “I look at what we did this week where It is limited to one person who is not a trader.” Security, a commodity called Bitcoin •However, Brown Rudnick partner Preston Byrne says there may not be as many regulatory barriers to immediate ETF approval. “So far, the only US regulator confirming that Ethereum is a security in enforcement proceedings is the NYAG’s office,” Byrne told Investopedia. “Ethereum's potential status as an unregistered security is a minority view, especially given the fact that the Ethereum Foundation's 2014 sale of Ethereum has now passed the statute of limitations. I expect diligent lawyers address this point in required legal disclosures to investors, but we wouldn't expect more From regulatory intervention after that. •Eric Balchunas, an ETF analyst at Bloomberg, pegged the odds of Ethereum ETFs getting immediate approval by May at 70%. •Notably, futures-based Ether ETF products are already available for trading in the US market. However, these offers did not gain much attention and were originally launched without much interest from traders. $BTC $ETH #Follow.us us To see more news ✅🚀

•The recent influx of investments from financial giants like BlackRock is reshaping market dynamics. A discussion between Roundtable presenter Rob Nelson and Trade The Chain CEO Alex Mascioli highlighted this major shift. •Initially, Nelson expressed doubts about the scale of investments by companies such as BlackRock. However, as the conversation progresses... Insights have emerged about the true impacts of these investments on market behavior and pricing dynamics within the world of cryptocurrencies. •BlackRock's strategy and its impact on the market BlackRock's involvement, particularly through its long-awaited exchange-traded fund (ETF), indicates . To a more profound strategy than it seems at first glance. Although it looks modest. However, Mascioli noted that the company's initial investments are part of a larger, long-term plan. •He stressed the unprecedented demand in the market. Which featured a record investment of $3 billion in one day. This increase raises questions about potential capacity constraints in the Bitcoin market. Which could lead to a scarcity of available Bitcoin if large-scale purchases continue. •The Impact of Capital Flows on the Price of Bitcoin The dialogue also covered how these massive capital inflows impact the price of Bitcoin. Nelson suggested that an increase in investment would inevitably lead to higher prices to balance supply and demand. Mascioli agreed, emphasizing the role of synthetic markets and financial derivatives in expanding the market. •This perspective is consistent with the general feeling that the participation of major financial institutions such as BlackRock could lead to broader adoption of cryptocurrencies in traditional finance. •At the same time, BlackRock's marketing approach to the iShares Bitcoin Trust ETF (IBIT) stands out. BlackRock's campaign targets a more mature audience than other issuers who often resort to flashy imagery and pop culture references. It was their first video ad. Which features a BlackRock executive. Free from cryptocurrency jargon and opt for a straightforward explanation of Bitcoin's value proposition. This strategy resonates well with an older, more affluent demographic. They are often called the “boomer generation.” •Bitcoin ETF Marketing Competitive Landscape The Bitcoin ETF marketing war is heating up, with several issuers such as Bitwise, Hashdex, VanEck, ARK Invest, and Grayscale launching their campaigns. Each is vying for a share of the growing interest in Bitcoin ETFs. However, BlackRock and Fidelity Investments' approach signals a shift toward a more traditional investment narrative. Which could lead to wider acceptance of Bitcoin in traditional financial wallets. $BTC $ETH #Follow.us to see more crypto news.

•Crypto whales, entities that own large amounts of digital currencies, appear to have started snapping up Bitcoin at cheaper prices as the popular cryptocurrency continues to fall in the wake of the debut of spot ETFs in the US. •Bitcoin has fallen nearly 19% to the $40,000 level since the ETFs began trading in the US on January 11. Meanwhile, digital currency prices have varied over the past 24 hours, as they continue to fluctuate since the official launch of Bitcoin funds in America. •This led some cryptocurrency whales to hunt Bitcoin after its price declined on the digital asset exchange (Bitfinex), one of the top 10 exchanges in terms of trading volume. Bitfinex whales are known for making waves in the market. •Data shows that over the weekend, Bitcoin traded at a premium of $100 on Bitfinex compared to the global average price. At the time of writing, the premium is close to $70, which is significantly higher than other exchanges, including Coinbase and Binance. •Someone on Bitfinex has been buying Bitcoin non-stop for 3 days in a row via the Time Weighted Average Price (TWAP), which is why Bitcoin on Bitfinex has been trading at a huge premium. •Time-Weighted Average Price (TWAP) is an algorithmic strategy used to segment large orders over time. This strategy is often used to reduce the impact of a large order on the market by distributing the large order into smaller quantities and executing them at regular intervals over time. •Whales usually use this strategy to execute their orders within a specific period of time, so they trade to keep the price close to the price that reflects the real market price. It is preferable to use this strategy to provide a better execution price if the order volume is larger than the available liquidity, and if there is an expectation of a period of high price volatility with no clear trend up or down. •Meanwhile, TWAP buying continued on Tuesday, as sales from bankrupt FTX and outflows from Grayscale Bitcoin Trust (GBTC) pushed prices below $39,000 for the first time since early December. •The low demand is also evidenced by renewed interest in bullish leveraged bets on Bitfinex. •The data also shows that the number of open BTC/USD long trades, or bullish leveraged bets, rose nearly 8% to more than 73,000 contracts in one week. $BTC #Follow.us To see more digital currency news ✅🔥💵

•Social networking site X, formerly known as Twitter, paved the way for the launch of the payments feature by creating a dedicated account on its platform. This step led to the rise of Dogecoin, a famous meme coin in the cryptocurrency market. •The newly created account, titled “X Payments,” has a gold verification badge and a distinct X logo, indicating it is officially associated with the platform. Despite the lack of posts, the account has gathered more than 106,000 followers as of writing this report. •The launch of this feature is in line with the strategy of the social networking site “X” to introduce the payment feature on the platform later this year. The company aims to introduce peer-to-peer (P2P) payments through which two people interact directly with each other, without intermediary by a third party. Recent reports stated that the richest man in the world and owner of the platform, Elon Musk, hinted at the possibility of launching this feature by mid-2024. •Having obtained licenses across multiple US states, These licenses come as Musk seeks to turn X into an “everything app” similar to other apps such as “WeChat” from Tencent. •Musk's favorite currency reacts to the news. The announcement of the approaching launch of the payment feature on "X" greatly affected "Dogecoin", which is Musk's favorite digital currency. Many members of the cryptocurrency community are speculating about potential use cases for the meme within the payments platform. •However, Musk's positive stance towards the digital currency significantly fuels this speculation, as evidenced by Tesla (NASDAQ: TSLA) accepting Dogecoin as a means of payment for its goods. •At the same time, speculation surrounding the potential integration of Dogecoin translated into a strong rise in its price during yesterday's trading. The token was traded at around $0.085, reflecting a growth of 10%, but these increases have been reduced significantly over the past 24 hours, as it is now declining by about 3% to $0.083, while recording an increase of 2.8% in the last 7 days, According to the data available on the Investing Saudi Arabia website. $DOGE #Follow.us To see more news and crypto details ✅💯

•Bitcoin is likely to underperform the stock market on a risk-adjusted basis in 2024, while gold could come out on top, believes Mike McGlone, chief commodities strategist at Bloomberg. •Despite bullish hopes following the recent approval of Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving event, macroeconomic factors may prevent the largest cryptocurrency from reaching all-time highs in 2024. •In particular, McGlone believes that market expectations that the US Federal Reserve will cut interest rates, which usually have a significant impact on risk assets like Bitcoin, are largely misplaced. •“The Fed will not ease monetary policy as easily as it has in the past because of the inflation it has created through excessive easing,” McGlone explained. •McGlone expects the US economy to enter a recession this year, which would push the stock market lower. Bitcoin is likely to suffer under these circumstances, as it is a leading indicator of risky assets. Pointing out that when the stock market declines, Bitcoin declines even more. •According to the analyst, gold and Treasuries are likely to be the assets that will rebound in this economic environment. #Follow.us To see more news and details about digital currencies ✅🔥💯💵#GoldRally

•NEW YORK – Meme currencies, a category of cryptocurrencies that have gained popularity due to their catchy themes and high-return potential, continue to capture the attention of investors. It is worth noting that the Shiba Inu (Investing.com Shiba Inu Index), one of the most prominent digital currencies, has maintained a market value of more than $5 billion, which highlights the great interest in these digital assets. •Simulated currencies, often inspired by internet jokes or pop culture references, have become a prominent part of the broader cryptocurrency market. The rise of these currencies was marked by the success of Dogecoin, which reached a large market value in 2021, which indicates the attractiveness of these tokens and their speculative nature. •The cryptocurrency community not only focuses on trading, but also participates in activities such as “Airdrops,” a set of events in which startups distribute free tokens to existing token holders. This strategy is used to drive adoption and build a user base in the DeFi ecosystem. This also reflects a growing trend in the cryptocurrency space where community engagement and network effects are being leveraged to increase the value and utility of a token. •While enthusiasm for meme coins like the Shiba Inu is evident, the market for these cryptocurrencies is known for its volatility. We also advise potential investors to exercise caution due to unexpected price fluctuations that may characterize the assets, based on social media trends and individual investor sentiment. •This article was drafted and translated with the help of artificial intelligence and reviewed by one of the site's editors. For more information, see our terms and conditions $SHIB #Follow.us To see more news and details about digital currencies 💵✅💯

•The price of Bitcoin (Bitcoin-BTC) settled to close its trading this week near the level of $41,600, with a slight decline of 0.4% compared to its close last week at approximately $41,750, as its volatility decreased following the approval of the US Securities and Exchange Commission (SEC) on Bitcoin spot trading funds in... Stock Exchange (Bitcoin Spot ETFs), which put an end to speculation about the committee’s decision, according to Matteo Greco - an analyst and researcher at Fineqia International - who said in a memo obtained by our website Cryptonews.com that the offering of Bitcoin Spot ETFs succeeded in attracting a lot of investments from Traditional financial markets to the digital assets market, where these 11 funds together were able to attract investments worth approximately $1.15 billion. Greco added: •However, inward investments for these 11 ETFs combined were reduced in part due to outflows from Grayscale Bitcoin Trust (GBTC). •Exit of investments worth more than $2.8 billion from the GBTC Fund •The analysis indicated that the GBTC investment fund, whose shares have been traded since 2015, was recently converted into an exchange-traded fund (ETF). •After this transfer, the investment product witnessed the exit of large investments worth approximately $2.81 billion, which reduced the net investments coming into the 11 Bitcoin spot trading funds on the exchange - from $3.96 billion to $1.15 billion. Before the conversion, GBTC contained approximately 620,000 BTC assets, and this number has now decreased to only 552,000 BTC. •Greco explained that the exit of investments from the GBTC product may be due to two factors: First, customers who previously owned GBTC shares could not redeem their value, but could only sell them on the secondary market due to the nature of the product, forcing many to hold their positions for a long period with no exit option other than selling at a significant discount. •Second, as a result of Grayscale's high management fees - 1.5% - compared to most of its current competitors' fees of around 0.2-0.3%, some investors have withdrawn their investments from GBTC either to take advantage of the profits or to reinvest in less expensive ETFs. •Bitcoin spot ETFs (BTC Spot ETFs) witnessed great activity and huge trading volumes. In the first six trading days after their launch, the cumulative trading volume of the 11 funds together reached approximately $16.6 billion, with an average of approximately $2.77 billion per day. •As expected, the GBTC fund recorded the highest trading volume because it contains a large amount of reserved Bitcoin, after the nature of its activity changed following its conversion to an exchange-traded fund (ETF). •Ethereum Spot ETFs (ETH Spot ETFs) are on the horizon •After the success of launching BTC Spot ETFs, the attention of both analysts and traders in the sector is now turning towards the possibility of launching ETFs related to trading other digital assets, and analysts expect - by 70% - that the establishment of ETFs for Ethereum spot trading (ETH Spot ETFs) will be approved this year. •It is noteworthy that the state of optimism regarding these expectations is on the rise thanks to the price movements of the Ethereum currency (Ethereum-ETH), which followed the approval of applications for BTC Spot ETFs, as some investments were transferred from Bitcoin to Ethereum, which led to an increase in the price of ETH by 17%. Compared to Bitcoin, by 11% against the dollar within a week of approval, this indicates the sector traders’ conviction that requests for ETH Spot ETFs will be approved after the approval of its predecessor, BTC Spot ETFs, which prompted them to adjust their investment positions in accordance with these expectations. $BTC $ETH #Follow.us To see more news and details about digital currencies ✅💯🔥

•After the price of the Cardano currency (Cardano-ADA) recently approached recording new lows for this year below the $0.47 level, it then recovered to reach the $0.50 mark again, but its movements are still limited within a limited corrective range; The current ADA price levels represent a decline of approximately 27% compared to its multi-year high of $0.60, which was recorded last December. After this rise and the hype surrounding Cardano's third web technical system, the Total Reserved Value (TVL) of the blockchain is going through a period of stagnation, knowing that TVL means the total value in dollars of the digital currencies reserved within the mechanism of smart contracts on the blockchain. TVL on the Cardano blockchain recently recorded approximately $427 million, down from highs of nearly $500 million in December. •The TVL stalemate comes at a time when the crypto sector as a whole is suffering from the “sell on the news” reaction to the approval of the creation of Bitcoin Spot ETFs last week amid an atmosphere of... adverse to the overall economy; Is it likely that the price of Cardano (ADA) will take an upward or downward path? •Cardano Price Forecast: Which Direction Will ADA Go? •Since the beginning of 2014, the price of Cardano has been trending downward as its short-term uptrend lacked momentum. •This downward path deepened last week when Cardano price failed to breach the previous ascending support line and stabilize above it, so it now faces the risk of falling below the main long-term support level at $0.46, which could give a more negative outlook to its short-term movements in the future, but if... The collective mood of the crypto market in general has improved, and this may be accompanied by a recovery in the price of Cardano as well. •Disclaimer: Cryptocurrencies belong to a high-risk asset class and this article represents information only and cannot be considered as investment advice in any way; This type of investment may lead to you losing your entire investment. $ADA #Follow.us To see more news and details about digital currencies ✅💯

•The market value of stable currencies rose to its highest levels in 11 months with an increase in activity on the blockchain at the beginning of the year, as a recent market study conducted by the crypto analytics company CCData indicated an increase in the market value of stable currencies coinciding with an increase in market share, trading volumes, and institutional investments in the digital assets market. . •This month, the market value of stablecoins rose by 2.45%, reaching $134 billion, which is its highest level since last February - that is, in eleven months - in addition to this being the fourth month in a row of its rise. Stablecoin trading volume reached $995 billion in December, a monthly increase of 27.6%, marking the highest activity on centralized exchanges (CEXs) in the past year. •Optimism toward exchange-traded funds (ETFs) increases market activity •The report indicates that trading volumes in January will exceed those of December, as blockchain trading volume has already reached $579 billion on January 10 - with 20 days remaining until the end of the month - and before the approval of... SEC on Spot Bitcoin ETFs. •The months leading up to the approval of Bitcoin ETFs were filled with expectations that sparked market reactions, as institutional investors increased their investment in digital assets. Stablecoins have always been known for their balanced nature and not experiencing fluctuations like Bitcoin and other altcoins, which made them preferred by institutional investors. •On the other hand, stablecoins have long been considered an effective tool for entry and exit into the crypto market, recording increases whenever institutional investment incentives are renewed. Previously, the movements of Bitcoin and altcoins led to a decline in the dominance of the stablecoin market, representing a decline for the fifth month in a row. •The dominance of stablecoins in the market has decreased from 7.78% in December to 7.78%, while Tether (USDT) continues to lead stablecoins in terms of trading volume and market capitalization, as it holds 70.8% of the market share of the top 10 stablecoins. •Meanwhile, FDUSD overtook USDC in terms of trading volume with a market share of 8.96% in January compared to USDC's 8.43% share of stablecoin trading volume. •PYUSD, which gained tremendous momentum upon its launch, recorded a growth of 11.2% with a market capitalization of $260 million in January, entering the list of the top ten stablecoins for the first time. •Central banks expand research into central bank digital currencies (CBDCs) •The aforementioned report highlighted the most important developments related to central bank digital currencies (CBDCs), such as the Bank of Spain choosing partners to test its CDBC currency; Experiments in Turkey have also entered the second phase, while China is dealing with its first money laundering case using CBDC. •In January, developments in central bank digital currencies (CBDCs) were relatively calm, the most important of which was the Eastern Caribbean Central Bank and the European Central Bank inviting merchants to use their respective CBDCs, i.e. DCash and the digital euro, respectively. •Furthermore, the European Central Bank will further develop offline digital euro transactions, and the Reserve Bank of India plans to find faster and cheaper ways to pay internationally using CBDC. $FDUSD $USDC #Follow.us To see more news and details about digital currencies 💯💵✅🔥