Bitcoin’s post-halving "danger zone" is over as Bitcoin establishes a firm footing above the $60,000 re-accumulation range, new analysis suggests.
The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.
The post Kraken’s CF Benchmark Projects $1B AUM in Hong Kong ETFs by 2024 as Per Bloomberg’s Report appeared first on Coinpedia Fintech News
As the Hong Kong ETFs is currently making news of their underperformance, CF Benchmarks, a branch of the cryptocurrency exchange Kraken and a benchmark for crypto exchanges is making huge gains from rise in spot Bitcoin exchange-traded funds (ETFs). The firm, which provides price data for the ETFs, is now handling $24 billion worth of …
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, the firm's head of digital assets said.
The post Spot Bitcoin ETFs See $344 Million Withdrawals in April appeared first on Coinpedia Fintech News
The U.S. spot bitcoin ETFs saw $343.5 million withdrawn from the funds in April. The outflow streak extended to five days on Tuesday. The ETFs had been on an impressive run of inflows in January, February, and March. However, overall flows slowed significantly, with the bitcoin dropping by 18%. April’s outflows continued to be led …
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving.
The US Congress could catalyze a more significant shift than introducing spot Bitcoin ETFs. Bitwise Chief Investment Officer Matt Hougan’s view underscores a pivotal moment for the crypto industry. Hougan suggests that 2024 could see “groundbreaking” legal frameworks that pave the way for mainstream stablecoin adoption, which might profoundly impact the crypto ecosystem. Related Reading: Coin […]
Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event.
Bitcoin ETFs hitting Hong Kong excite markets overnight, but overall BTC price conditions remain precarious, analysts say.
The post Hong Kong Rocks with $6.3 Million Volume in Spot Bitcoin, Ether ETF Debuts: Here’s the Scoop! appeared first on Coinpedia Fintech News
The recent introduction of spot ETFs in Hong Kong has set a significant precedent in the region’s financial landscape as per the local reports. This development sees the debut of six ETFs, comprising three bitcoin ETFs and three ether ETFs, offering Asian investors access to the dynamic world of digital assets. Notably, this launch closely …
The post Hong Kong Prepares For Record-Breaking Debut Of Crypto ETFs As Issuers Expect $200-$300 Million Inflow appeared first on Coinpedia Fintech News
Hong Kong prepares for the debut of its highly anticipated cryptocurrency exchange-traded funds (ETFs) tomorrow. With an inflow scale projected to reach between $200-300 million, these ETFs are expected to significantly surpass the first-day trading volumes seen in the United States. Will Hong Kong Break US ETF Records? According to Zhu Haokang, head of digital …
The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter.
ASX, Australia's top securities exchange is set to approve the first Bitcoin spot ETFs for its main board this year, according to Bloomberg.
The post Bitcoin spot ETFs expected to debut on Australian top exchange’s main board this year: Bloomberg appeared first on Crypto Briefing.
The post BlackRock’s Bitcoin ETF (IBIT) Continues To Hit Zero Inflow! Here’s What It Means For BTC Price appeared first on Coinpedia Fintech News
After a 71-day streak of continuous inflows, BlackRock’s Bitcoin ETF, IBIT, has experienced a sudden stop with no new inflows. This sudden halt has raised concerns among investors, especially as Bitcoin consolidates around the $64,000 level. Many analysts view this as a bearish indicator for Bitcoin’s price, suggesting that the cessation of inflows from a …
BTC Stable Above $64K While ETF Outflows Hit $200 Million
The Securities and Exchange Commission is evaluating whether exchanges’ current surveillance and enforcement mechanisms can handle Bitcoin exchange-traded products (ETPs).
One of the issuers waived management fees for the first six months, undercutting rival offerings.
The post Hong Kong to Debut Bitcoin and Ethereum ETFs on April 30th : Signaling Growth in Asian Crypto Markets appeared first on Coinpedia Fintech News
Hong Kong is gearing up to join the global financial hub offering cryptocurrency exchange-traded funds (ETFs), with the launch of spot Bitcoin and Ethereum ETFs slated for April 30th. According to the Bloomberg report, this move underscores the city’s ambition to position itself as a hub for digital assets, following in the steps of jurisdictions …
Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash.
Asset management firm Grayscale has disclosed new details about its new Bitcoin Mini Trust fund, a “spin-off” of the GBTC exchange-traded fund (ETF). The new fund, which was first announced in March, is expected to operate independently and offer a cost-effective investment option to GBTC shareholders. Grayscale Offers Industry-Low Fee With New Fund According to […]
Grayscale's Bitcoin Mini Trust ETF aims to attract investors with a competitive 0.15% management fee and tax-free Bitcoin exposure.
The post Grayscale sets 0.15% fee for its Bitcoin Mini Trust ETF appeared first on Crypto Briefing.
Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing.
Bitcoin ETF outflows have been changing, London-based Farside Investments suggests in its latest study.
The post Bitcoin ETF outflows signal shifting sentiment — Farside Investors appeared first on Crypto Briefing.
The post Bitcoin ETFs See $55M Outflow: Market Correction or Sign of Trouble? appeared first on Coinpedia Fintech News
On April 12, the cryptocurrency market witnessed Bitcoin ETFs experience massive net outflows totaling $55.1 million. It has sparked market discussions and analysis within the crypto community, making everyone question if these sudden outflows are due to the upcoming Bitcoin halving. Eric Balchunas has provided valuable insights into these developments. Let’s understand how the ETF …
The post Bitcoin Halving May Not Impact Prices As Hype Over Spot ETFs Continues: What To Expect From BTC Price? appeared first on Coinpedia Fintech News
Bitcoin traders are eagerly anticipating that the upcoming scheduled decrease in the issuance of new coins will lead to a significant surge in Bitcoin’s price. Nevertheless, this expectation may not be fully realized this time, according to various experts. Deutsche Bank suggests that the effects of the Bitcoin halving are already reflected in its current …
Asset manager Blackrock has emerged as the frontrunner in the Bitcoin ETF race in terms of inflows with its IBIT ETF, which is increasingly attracting institutions’ attention as a key development showing its success. Many fund managers have flocked to invest in BlackRock’s ETF, signaling a growing interest in digital assets among traditional financial institutions. […]
The post The Truth Behind How Bitcoin Halving Impacts ETF Values appeared first on Coinpedia Fintech News
As Bitcoin gears up for its fourth halving in mid-April 2024, it is causing quite a stir. This event directly affects crypto miners so it is understandable if any conversation is happening around this, but the big talk is not just about that. People in the crypto world are more concerned about its ripple effects. …
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock's shift toward touting the original cryptocurrency.
The Securities and Futures Commission, Hong Kong's markets regulator, has not made an official announcement.