Ethereum, the second-largest cryptocurrency by market capitalization, has seen a mix of opportunities and challenges as it navigates through 2024. The potential approval of spot Ethereum (ETH) ETFs in the United States represents a significant opportunity, while the rise of competing layer-1 (L1) blockchains and the effects of layer-2 (L2) scaling solutions present notable challenges, […]
ETF
Bitcoin ETFs Rally: $5.6B, Highest Since March 24th
Post-halving, Bitcoin ETF volume has bounced back strongly, with the seven largest ETFs hitting $5.65 billion, the highest day since March 24th. This comes as Grayscale Investments’ GBTC recorded the first inflows, ending a 78-day streak of net outflows and displaying signs of renewed investor interest. On May 6th, GBTC recorded its second consecutive day […]
Slowdown in Bitcoin ETF Inflows Is Short-term Pause: Bernstein Report
The recent surge in Bitcoin Exchange-Traded Funds (ETFs) appears to be taking a breather, but analysts at Bernstein aren’t hitting the panic button. They view the slowdown as a temporary lull before the leading cryptocurrency resumes its upward climb towards their ambitious $150,000 target by the end of 2025. “Bitcoin ETF flows have slowed down, […]
Bitcoin ETFs Hit Record $3.62B: BlackRock’s Mighty Streak Snapped
The Bitcoin ETF sector, including GBTC, IBIT, FBTC, ARKB, BTCO, and HODL, is experiencing a significant increase, with total daily trading volume hitting a four-week peak of $3.62 billion. Amidst a sideways-moving market, the ETF’s flourishing trend are bullish signal for investors. This was in contrast to the outflows the day before. According to insights […]
Bitcoin ETFs Hold 851k BTC: Reshaping Market Dynamics In Q2 2024
Bitcoin exchange-traded funds (ETFs) are making waves in the cryptocurrency market by holding 851,000 BTC, which is 4.3% of all circulating Bitcoins. The ETFs had a good start, with inflows reaching as high as $2.5 billion; however, starting from March, this trend has slowed down considerably. The recent drop in Bitcoin’s price to $60,000 brings […]
Fidelity’s $100 Trade Fee Rattles Investors in New ETF Trade Policy Shift
Fidelity’s decision of a $100 trading fee for particular exchange-traded funds (ETFs) has disrupted the investment landscape. This move shows a shift from the established standards of lower trading costs and raises concerns regarding its consequences for investors, smaller ETF providers, and overall ETF innovation. Fidelity asserts that these charges are essential to offset expenses […]
Bitcoin ETFs See No Slowdown Post-Peak
Some of the top Bitcoin ETFs have undergone a seismic shift in terms of volume and flows. This observation comes from Santiment, a leading data analytics firm, which notes that despite Bitcoin reaching its all-time high four weeks ago, the activity within ETFs like GBTC, IBIT, FBTC, ARKB, BTCO, BITB, and HODL remains robust. This […]
Bitcoin’s Price Vulnerability: Analysts Sound Alarm Over Failure To Surpass $70,300
Bitcoin’s price is on a precarious edge, with analysts warning of a potential further plunge if it fails to reclaim a critical level. Currently hovering around $60,000, Bitcoin faces the risk of dropping even lower if it doesn’t surge past $70,300 soon. An analyst on X has sounded the alarm, indicating that a failure to […]
Bitcoin ETF: Grayscale’s CEO Vows to Slash Fees On GBTC
Grayscale’s CEO, Michael Sonnenshein, promises to gradually lower fees on its spot Bitcoin ETF GBTC as this market matures. In an interview with CNBC, he stated, “I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down.” Earlier, the $26 billion exchange-traded fund defended its costlier-than-market-average charges. The crypto […]
Crypto Market Overheating? High Leverage Levels Signal Potential Correction Ahead
The cryptocurrency markets may be entering overheated territory, with leverage levels across both centralized and decentralized finance platforms hitting worrying highs. According to Lucas, the Head of Research at IntoTheBlock, this concerning trend could potentially set the stage for a significant market correction in the coming weeks or months. Warning Signs In The Crypto Market […]