etf
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Hong Kong has approved the first Bitcoin and Ethereum Spot ETFs, what do investors need to know? Explain how prices might react, key influencing factors, and investment strategies.
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BTC, ETH Rise As Hong Kong Bitcoin ETF Applicants Say They've Been Approved
Bitcoin {{BTC}} has risen 2.8% over 24 hours, trading above $66,500, and ether {{ETH}} has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
🚨 GRAYSCALE DROPS ETHEREUM SPOT ETF APPLICATION 🚨
😱 In a surprising twist, Grayscale, the titan of crypto asset management, has suddenly withdrawn its #Ethereum spot ETF application, leaving the market in a frenzy of speculation and discussions. So, what's the deal? Let's dig into the possible reasons behind this unexpected move.
🔒 REASON #1: SEC'S TOUGH STANCE 🔒
🕵 The U.S. Securities and Exchange Commission (SEC) is notorious for its strict oversight of the cryptocurrency market, especially when it comes to granting approval for spot ETFs. Grayscale, feeling the pressure from the regulatory giant, might have decided to hit the brakes and give themselves some breathing room.
💥 REASON #2: UNSTABLE MARKET 📉
📈 Ethereum's price has been on a rollercoaster ride lately, experiencing wild swings that can make even the bravest investor's heart skip a beat. Grayscale may have deemed the current market sentiment too shaky for the launch of a spot ETF. After all, who wants to jump in on a wild ride?
🔐 REASON #3: TECHNICAL AND COMPLIANCE HURDLES 🔐
💼 Custody and Liquidity Troubles: Spot ETFs require top-tier asset security and liquidity. Grayscale might be facing some technical and compliance challenges in providing secure custody and ensuring sufficient market liquidity, making it difficult for them to meet the SEC's rigorous standards.
⚖ Market Manipulation Prevention: The SEC is hell-bent on preventing any shady market manipulation, and Grayscale may still be fine-tuning their monitoring and compliance mechanisms to meet the high bars set by the commission. They don't want any monkey business!
REASON #4: INTERNAL STRATEGIC SHIFT 💡
📊 Grayscale is currently rocking the crypto world with its popular cryptocurrency trust products. This withdrawal could signal a moment of introspection and a reevaluation of the balance between spot #eth ETFs and their existing trust products. It's like they're taking a step back to assess the best way forward. Smart move, #Grayscale !
Stay alert,
Professor Mende
#etf $ETH
😱 In a surprising twist, Grayscale, the titan of crypto asset management, has suddenly withdrawn its #Ethereum spot ETF application, leaving the market in a frenzy of speculation and discussions. So, what's the deal? Let's dig into the possible reasons behind this unexpected move.
🔒 REASON #1: SEC'S TOUGH STANCE 🔒
🕵 The U.S. Securities and Exchange Commission (SEC) is notorious for its strict oversight of the cryptocurrency market, especially when it comes to granting approval for spot ETFs. Grayscale, feeling the pressure from the regulatory giant, might have decided to hit the brakes and give themselves some breathing room.
💥 REASON #2: UNSTABLE MARKET 📉
📈 Ethereum's price has been on a rollercoaster ride lately, experiencing wild swings that can make even the bravest investor's heart skip a beat. Grayscale may have deemed the current market sentiment too shaky for the launch of a spot ETF. After all, who wants to jump in on a wild ride?
🔐 REASON #3: TECHNICAL AND COMPLIANCE HURDLES 🔐
💼 Custody and Liquidity Troubles: Spot ETFs require top-tier asset security and liquidity. Grayscale might be facing some technical and compliance challenges in providing secure custody and ensuring sufficient market liquidity, making it difficult for them to meet the SEC's rigorous standards.
⚖ Market Manipulation Prevention: The SEC is hell-bent on preventing any shady market manipulation, and Grayscale may still be fine-tuning their monitoring and compliance mechanisms to meet the high bars set by the commission. They don't want any monkey business!
REASON #4: INTERNAL STRATEGIC SHIFT 💡
📊 Grayscale is currently rocking the crypto world with its popular cryptocurrency trust products. This withdrawal could signal a moment of introspection and a reevaluation of the balance between spot #eth ETFs and their existing trust products. It's like they're taking a step back to assess the best way forward. Smart move, #Grayscale !
Stay alert,
Professor Mende
#etf $ETH
#BTC #ETH #etf
🔥Spot Bitcoin ETF's Latest Developments🔥 (Part-37)
Grayscale GBTC Sees 💵29 Million Outflow, ARKB Gains 💵3 Million Inflow
Susquehanna International Group Discloses 💵1.3 Billion Investment in Bitcoin ETFs
Cryptocurrency Bull Market Cycle May Be Shorter Than Previous Ones, Says 10x Research
Bitcoin and Ethereum Show Diverging Trends Amid Weaker Capital Rotation
#HotTrends
🔥Spot Bitcoin ETF's Latest Developments🔥 (Part-37)
Grayscale GBTC Sees 💵29 Million Outflow, ARKB Gains 💵3 Million Inflow
Susquehanna International Group Discloses 💵1.3 Billion Investment in Bitcoin ETFs
Cryptocurrency Bull Market Cycle May Be Shorter Than Previous Ones, Says 10x Research
Bitcoin and Ethereum Show Diverging Trends Amid Weaker Capital Rotation
#HotTrends
🌟 JPMORGAN'S CRYPTO FORECAST: A CAUTIOUS OUTLOOK 🌟
Get ready for the latest insights from banking giant JPMorgan! While they had earlier anticipated a post-Halving dip in #Bitcoin's price, they're now adopting a cautious stance on cryptocurrency in the short term.
What's the scoop? Well, according to JPMorgan analysts, the lack of positive catalysts and dwindling retail investor interest are contributing factors. They've highlighted three key headwinds: elevated positioning, high bitcoin prices compared to gold and production costs, and subdued crypto VC funding.
But wait, there's more! JPMorgan points out that retail investors have been on a selling spree, offloading both crypto and equity assets over the past month.
This news drops on the same day that Blackrock hints at pension and sovereign wealth funds entering the $BTC ETF markets, while BNP Paribas, Europe's second-largest bank, reveals its holdings of Blackrock's own ETF product.
Stay tuned for more updates as the crypto landscape continues to evolve! 🚀🔥 #BTC #fed #etf $BTC
Get ready for the latest insights from banking giant JPMorgan! While they had earlier anticipated a post-Halving dip in #Bitcoin's price, they're now adopting a cautious stance on cryptocurrency in the short term.
What's the scoop? Well, according to JPMorgan analysts, the lack of positive catalysts and dwindling retail investor interest are contributing factors. They've highlighted three key headwinds: elevated positioning, high bitcoin prices compared to gold and production costs, and subdued crypto VC funding.
But wait, there's more! JPMorgan points out that retail investors have been on a selling spree, offloading both crypto and equity assets over the past month.
This news drops on the same day that Blackrock hints at pension and sovereign wealth funds entering the $BTC ETF markets, while BNP Paribas, Europe's second-largest bank, reveals its holdings of Blackrock's own ETF product.
Stay tuned for more updates as the crypto landscape continues to evolve! 🚀🔥 #BTC #fed #etf $BTC
#BTC #ETH #etf #HKETF
•Hong Kong Bitcoin Spot ETF Sees First Net Redemption, Ethereum Spot ETF Continues Net Purchase 💵
According to PANews, data from SoSo Value indicates that the Hong Kong Bitcoin Spot ETF experienced its first net redemption since it began trading on April 30. On May 6, the single-day net redemption of Bitcoin was 75.36, with a total Bitcoin holding of 4,150. The single-day transaction amount was $8.6 million, and the total net assets were $266 million.
In contrast, the Hong Kong Ethereum Spot ETF maintained a single-day net purchase for four consecutive trading days. On the same day, the single-day net purchase of Ethereum was 999.75, with a total Ethereum holding of 17,280. The single-day transaction amount was $1.8 million, and the total net assets were $54.87 million.
It's worth noting that the Hong Kong crypto ETF supports a spot application and redemption mechanism. Net purchase refers to a positive difference between the purchase amount and the redemption amount within a certain period, meaning more purchases than sales. Conversely, net redemption means more sales than purchases. 💵
~Source: Binance News
#HotTrends
•Hong Kong Bitcoin Spot ETF Sees First Net Redemption, Ethereum Spot ETF Continues Net Purchase 💵
According to PANews, data from SoSo Value indicates that the Hong Kong Bitcoin Spot ETF experienced its first net redemption since it began trading on April 30. On May 6, the single-day net redemption of Bitcoin was 75.36, with a total Bitcoin holding of 4,150. The single-day transaction amount was $8.6 million, and the total net assets were $266 million.
In contrast, the Hong Kong Ethereum Spot ETF maintained a single-day net purchase for four consecutive trading days. On the same day, the single-day net purchase of Ethereum was 999.75, with a total Ethereum holding of 17,280. The single-day transaction amount was $1.8 million, and the total net assets were $54.87 million.
It's worth noting that the Hong Kong crypto ETF supports a spot application and redemption mechanism. Net purchase refers to a positive difference between the purchase amount and the redemption amount within a certain period, meaning more purchases than sales. Conversely, net redemption means more sales than purchases. 💵
~Source: Binance News
#HotTrends
LT VIP #FTE_TN May analyse performance
May 1 : +218%
May 2 : +61%
May 3 : +309%
May 6: +188%
May 7 : +452%
May 8 :
#96 : -26%
#97 : -110%
#98 : -10%
#99 : -14%
#100 : +150%
#101 : -26%
#102 : 0%
#103 : +14%
#104 : +100%
#105 : +50%
#106 : +100%
#107 : -70%
#108 : -24%
#109 : +10%
#110 : -53%
#111 : -20%
#112 : -58%
#113 : +120%
#114 : +140%
#115 : -54%
#116 : -55%
Profit : +684%
Loss : -522%
Today Net profit: +162%
May Net Profit : +1390% 🚀
Today evening Market behaviour is bad , so we losed our gain so only today profit +162%. But i given positive results continuously 6 days .
Who wants like this earnings follow the AUTHOR .
CURRENTLY $BTC MARKET has bad behaviour . Because Already #etf trading is live in US and Hong Kong #HKETF . So they are manipulate with panic . So most of time BTC market facing sideways trends . So always do trade with your own risk .
Currently 15m, 1H and higher timeframes analysis will not work in manipulate . So everyone can use 5m chart analysis , because of high volatility . It given good results in BTC . I will not share any updates . When BTC market has good condition at that time i will share the information . Until i will take rest and Focus LT #VIP Analysis .
Good night everyone 😴
Thanks for your support and love ❤️.
Author : @KingofBTC2024 (For All) BXT
For Altcoins trading information 👆
$TRB $FRONT
May 1 : +218%
May 2 : +61%
May 3 : +309%
May 6: +188%
May 7 : +452%
May 8 :
#96 : -26%
#97 : -110%
#98 : -10%
#99 : -14%
#100 : +150%
#101 : -26%
#102 : 0%
#103 : +14%
#104 : +100%
#105 : +50%
#106 : +100%
#107 : -70%
#108 : -24%
#109 : +10%
#110 : -53%
#111 : -20%
#112 : -58%
#113 : +120%
#114 : +140%
#115 : -54%
#116 : -55%
Profit : +684%
Loss : -522%
Today Net profit: +162%
May Net Profit : +1390% 🚀
Today evening Market behaviour is bad , so we losed our gain so only today profit +162%. But i given positive results continuously 6 days .
Who wants like this earnings follow the AUTHOR .
CURRENTLY $BTC MARKET has bad behaviour . Because Already #etf trading is live in US and Hong Kong #HKETF . So they are manipulate with panic . So most of time BTC market facing sideways trends . So always do trade with your own risk .
Currently 15m, 1H and higher timeframes analysis will not work in manipulate . So everyone can use 5m chart analysis , because of high volatility . It given good results in BTC . I will not share any updates . When BTC market has good condition at that time i will share the information . Until i will take rest and Focus LT #VIP Analysis .
Good night everyone 😴
Thanks for your support and love ❤️.
Author : @KingofBTC2024 (For All) BXT
For Altcoins trading information 👆
$TRB $FRONT
US PayPal users can now purchase these cryptocurrencies through MoonPay..
-Solana
-Cardano
-Polkadot
-Chainlink
-Shiba Inu
-Dogecoin
Jack Dorsey's 'Block' says it will buy Bitcoin every month with 10% of its gross profit from BTC products.
Hey guys, good evening & hope everyone are doing awesome.
🇭🇰 Hong Kong-based asset managers report buying $112 million worth of US-based spot Bitcoin ETFs.
Elon Musk says the dollar "will be worth nothing" if the US doesn't do something about its national debt.
Vodafone is set to merge crypto wallets with SIM cards, bringing blockchain to your smartphone.
#BTC #BullorBear #ETH #etf #BinanceLaunchpool
-Solana
-Cardano
-Polkadot
-Chainlink
-Shiba Inu
-Dogecoin
Jack Dorsey's 'Block' says it will buy Bitcoin every month with 10% of its gross profit from BTC products.
Hey guys, good evening & hope everyone are doing awesome.
🇭🇰 Hong Kong-based asset managers report buying $112 million worth of US-based spot Bitcoin ETFs.
Elon Musk says the dollar "will be worth nothing" if the US doesn't do something about its national debt.
Vodafone is set to merge crypto wallets with SIM cards, bringing blockchain to your smartphone.
#BTC #BullorBear #ETH #etf #BinanceLaunchpool
Hello everyone,
👉 This morning, I shared a bearish update while $BTC was trading at 64340, and it dropped until 63666. I also explained the conditions for BTC to break the sideways trend and potentially enter a bullish momentum. The condition is met when the #BTC 15m candle closes above 64644. However, in the afternoon, BTC suddenly rose from 64475 to 65350. I always wait for the candle to close before confirming bullish or bearish movements to ensure accuracy.
👉 Some more knowledgeable individuals have commented, jokingly saying that even their grandfathers could provide such analysis 😂. Others claim to profit by doing the opposite of our analysis. But imagine if our analysis gains 5% or more—what would they do then? Occasionally, our analysis may face 1-2% losses due to manipulation, but I don't let negativity affect me. I simply block them and move forward for a better mindset.
👉 Currently, #BTC is experiencing bullish momentum with sideways trends. It entered bullish momentum at 65350, but shortly after, it dropped due to BTC #etf pre-session trading. BTC may rise again at any time as the ETF trading goes live within an hour.
👉 #BTC can possibly enter bearish momentum and break the sideways trend if the 15m candle closes below 63505. I will provide updates if this occurs.
👉 Please keep in mind that when I share conditions, you can use them for your stop-loss (SL) strategy if you cannot accept losses or wait for the 15m candle to close. I prefer waiting for the candle to close because sometimes the market reaches a level and changes immediately. Candle closing offers a more reliable signal.
Thanks for your support and love ❤️.
Author : @KingofBTC2024 (For All) BXT
For Altcoins trading information 👆
$TRB $FRONT #RNDR
👉 This morning, I shared a bearish update while $BTC was trading at 64340, and it dropped until 63666. I also explained the conditions for BTC to break the sideways trend and potentially enter a bullish momentum. The condition is met when the #BTC 15m candle closes above 64644. However, in the afternoon, BTC suddenly rose from 64475 to 65350. I always wait for the candle to close before confirming bullish or bearish movements to ensure accuracy.
👉 Some more knowledgeable individuals have commented, jokingly saying that even their grandfathers could provide such analysis 😂. Others claim to profit by doing the opposite of our analysis. But imagine if our analysis gains 5% or more—what would they do then? Occasionally, our analysis may face 1-2% losses due to manipulation, but I don't let negativity affect me. I simply block them and move forward for a better mindset.
👉 Currently, #BTC is experiencing bullish momentum with sideways trends. It entered bullish momentum at 65350, but shortly after, it dropped due to BTC #etf pre-session trading. BTC may rise again at any time as the ETF trading goes live within an hour.
👉 #BTC can possibly enter bearish momentum and break the sideways trend if the 15m candle closes below 63505. I will provide updates if this occurs.
👉 Please keep in mind that when I share conditions, you can use them for your stop-loss (SL) strategy if you cannot accept losses or wait for the 15m candle to close. I prefer waiting for the candle to close because sometimes the market reaches a level and changes immediately. Candle closing offers a more reliable signal.
Thanks for your support and love ❤️.
Author : @KingofBTC2024 (For All) BXT
For Altcoins trading information 👆
$TRB $FRONT #RNDR
#SHIB
$WIF
In 1929 the stock market crashed 90%
In 1973 the stock market crashed 50%
In 1987 the stock market crashed 35%
In 2008 the stock market crashed 55%
In 2020 the stock market crashed 35%
And recovered to all-time highs each and every time.
Since 1926, the stock market has returned an average 10.5% per year.
Never let short-term fear control long-term decisions.
- Stay updated with Professor Mende
#WIF #etf #BinanceLaunchpool #SHIB
$WIF
In 1929 the stock market crashed 90%
In 1973 the stock market crashed 50%
In 1987 the stock market crashed 35%
In 2008 the stock market crashed 55%
In 2020 the stock market crashed 35%
And recovered to all-time highs each and every time.
Since 1926, the stock market has returned an average 10.5% per year.
Never let short-term fear control long-term decisions.
- Stay updated with Professor Mende
#WIF #etf #BinanceLaunchpool #SHIB
JUST IN: Jack Dorsey's 'Block' says it will buy Bitcoin every month with 10% of its gross profit from $BTC products.
JUST IN: $4.8 trillion asset manager Fidelity says pension funds are exploring Bitcoin and crypto.
JUST IN: 🇭🇰 Hong Kong-based asset managers report buying $112 million worth of US-based spot Bitcoin ETFs.
JUST IN: $2,400,000,000 worth of Bitcoin & Ethereum options expire today.
JUST IN: Elon Musk says the dollar "will be worth nothing" if the US doesn't do something about its national debt.
Our new channel focusing on BRICS: @BRICSNews
JUST IN: Grayscale records first spot Bitcoin ETF inflow ($63M) since launch.
#BTC #BinanceLaunchpool #BullorBear #ETH #etf
JUST IN: $4.8 trillion asset manager Fidelity says pension funds are exploring Bitcoin and crypto.
JUST IN: 🇭🇰 Hong Kong-based asset managers report buying $112 million worth of US-based spot Bitcoin ETFs.
JUST IN: $2,400,000,000 worth of Bitcoin & Ethereum options expire today.
JUST IN: Elon Musk says the dollar "will be worth nothing" if the US doesn't do something about its national debt.
Our new channel focusing on BRICS: @BRICSNews
JUST IN: Grayscale records first spot Bitcoin ETF inflow ($63M) since launch.
#BTC #BinanceLaunchpool #BullorBear #ETH #etf
#BTC #ETH #etf
🔥Spot Bitcoin ETF's Latest Developments🔥 (Part-36)
Grayscale GBTC Records First Net Inflow After Conversion to Spot ETF
Franklin Templeton's EZBC Records Historic High Net Inflow
Historic Total Net Inflow Achieved by US Bitcoin Spot ETFs
Understanding Market Makers: Their Role and Influence in Cryptocurrency Trading
Bitcoin's Potential Rally in May: Factors and Indicators
Federal Reserve Reduces Balance Sheet to Below 💵7.4 Trillion
Bitcoin Network Achieves Significant Milestone with One Billion Transactions
Bitcoin Bull Run Far from Over, Predicts Bernstein Analyst
Hong Kong's Bitcoin and Ethereum Spot ETFs Witness HK💵60.41 Million Trading Volume
Grayscale GBTC Fund Sees Continuous Net Inflow, Other Funds Follow Suit
Bitcoin Spot ETF Trading Volume Data Revealed
Bitcoin ETF Sees Two Consecutive Days of Net Inflows in the US
South Korean Democratic Party to Seek Clarification on Bitcoin Spot ETFs
CBOE Proposes Changes to Franklin Bitcoin ETF Trading Rules
Hong Kong-Based Firms Hold Significant Shares in BlackRock Bitcoin ETF
Asset Management Firms Disclose Holdings in BlackRock's IBIT
#HotTrends
🔥Spot Bitcoin ETF's Latest Developments🔥 (Part-36)
Grayscale GBTC Records First Net Inflow After Conversion to Spot ETF
Franklin Templeton's EZBC Records Historic High Net Inflow
Historic Total Net Inflow Achieved by US Bitcoin Spot ETFs
Understanding Market Makers: Their Role and Influence in Cryptocurrency Trading
Bitcoin's Potential Rally in May: Factors and Indicators
Federal Reserve Reduces Balance Sheet to Below 💵7.4 Trillion
Bitcoin Network Achieves Significant Milestone with One Billion Transactions
Bitcoin Bull Run Far from Over, Predicts Bernstein Analyst
Hong Kong's Bitcoin and Ethereum Spot ETFs Witness HK💵60.41 Million Trading Volume
Grayscale GBTC Fund Sees Continuous Net Inflow, Other Funds Follow Suit
Bitcoin Spot ETF Trading Volume Data Revealed
Bitcoin ETF Sees Two Consecutive Days of Net Inflows in the US
South Korean Democratic Party to Seek Clarification on Bitcoin Spot ETFs
CBOE Proposes Changes to Franklin Bitcoin ETF Trading Rules
Hong Kong-Based Firms Hold Significant Shares in BlackRock Bitcoin ETF
Asset Management Firms Disclose Holdings in BlackRock's IBIT
#HotTrends
BREAKING:
Grayscale Bitcoin Trust($GBTC) just had $63m INFLOWS for the first time since Bitcoin ETFs were launched on January 11!
#etf #Bitcoin #BitEagleNews
Grayscale Bitcoin Trust($GBTC) just had $63m INFLOWS for the first time since Bitcoin ETFs were launched on January 11!
#etf #Bitcoin #BitEagleNews
Understanding ETF Flows: Perspectives on BlackRock and Investor Actions
When ETFs are experiencing continuous inflows:
"Wow, BlackRock is buying?"
Now, when ETFs have outflows:
"Oops, BlackRock is selling?"
No, BlackRock is the name of an institution operating the iBIT ETF under its brand (for example).
Buying and selling under an ETF are actions carried out by investors (both small and big - retail, corporates) and APs (Authorized Participants), who facilitate the creation and redemption of ETFs and maintain liquidity/price of underlying assets for investors.
One or a few days of outflows, constituting less than 0.5% of AUM under an ETF, does not necessarily mean they are selling or that their bias is flipping.
#BlackRock #etf #bitcoin #Crypto
"Wow, BlackRock is buying?"
Now, when ETFs have outflows:
"Oops, BlackRock is selling?"
No, BlackRock is the name of an institution operating the iBIT ETF under its brand (for example).
Buying and selling under an ETF are actions carried out by investors (both small and big - retail, corporates) and APs (Authorized Participants), who facilitate the creation and redemption of ETFs and maintain liquidity/price of underlying assets for investors.
One or a few days of outflows, constituting less than 0.5% of AUM under an ETF, does not necessarily mean they are selling or that their bias is flipping.
#BlackRock #etf #bitcoin #Crypto
JPMORGAN'S NEAR-TERM CRYPTO EXPECTATIONS...
- Having already predicted that #Bitcoin’s price would fall after April’s Halving event, the banking-giant has now explained that it is using a ‘cautious’ approach toward cryptocurrency in the short term.
- According to the bank, this is owing to a lack of positive catalysts, as well as a disappointing degree of retail investor interest. "With a lack of positive catalysts, with the retail impulse dissipating and with the three headwinds mentioned previously in our publication (elevated positioning, high bitcoin prices vs. gold and vs. the estimated bitcoin production cost, subdued crypto VC funding) still in place, we maintain a cautious stance on crypto markets over the near term"
… wrote JPMorgan analysts.
- It further pointed out that retail investors have been heavily selling both crypto and equity assets over the past month.
- The news comes on the same day that both…
(i) Blackrock expressed its belief that pension, sovereign wealth, and endowment funds would be entering into the $BTC ETF markets. And…
(ii) BNP Paribas, Europe’s second largest bank, revealed that it holds Blackrock’s own ETF product.
#BTC #fed #etf $BTC
- Having already predicted that #Bitcoin’s price would fall after April’s Halving event, the banking-giant has now explained that it is using a ‘cautious’ approach toward cryptocurrency in the short term.
- According to the bank, this is owing to a lack of positive catalysts, as well as a disappointing degree of retail investor interest. "With a lack of positive catalysts, with the retail impulse dissipating and with the three headwinds mentioned previously in our publication (elevated positioning, high bitcoin prices vs. gold and vs. the estimated bitcoin production cost, subdued crypto VC funding) still in place, we maintain a cautious stance on crypto markets over the near term"
… wrote JPMorgan analysts.
- It further pointed out that retail investors have been heavily selling both crypto and equity assets over the past month.
- The news comes on the same day that both…
(i) Blackrock expressed its belief that pension, sovereign wealth, and endowment funds would be entering into the $BTC ETF markets. And…
(ii) BNP Paribas, Europe’s second largest bank, revealed that it holds Blackrock’s own ETF product.
#BTC #fed #etf $BTC
Сьогодні також хочу поділитися монетами на яких я втратив найбільшу кількість грошей.
І ось ці монети:
1. $WLD
2. $ETHFI
3. $SAGA
А на яких монетах ви втратили багато грошей?
Ставте лайки,та пишіть в коментарях,мені буде дуже цікаво почитати,скільки людей втрачали гроші на таких монетах.
Дякую за перегляд,та побачимся скоро знову
#etf
#wld
#saga
#wastecash
І ось ці монети:
1. $WLD
2. $ETHFI
3. $SAGA
А на яких монетах ви втратили багато грошей?
Ставте лайки,та пишіть в коментарях,мені буде дуже цікаво почитати,скільки людей втрачали гроші на таких монетах.
Дякую за перегляд,та побачимся скоро знову
#etf
#wld
#saga
#wastecash
