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."
JUST IN: BlackRock spot Bitcoin ETF IBIT did $767.85 million in trading volume today.
#Bitcoin #etf #BitEagleNews
#Bitcoin #etf #BitEagleNews
JP Morgan: Ethereum ETF Demand Weak but Bitcoin Comparison Is Misleading
JP Morgan analysts have observed that the demand for Ethereum ETFs has been relatively weak compared to Bitcoin ETFs. However, they caution against directly comparing the two, arguing that such comparisons are like comparing "apples to oranges." The bank points out that the market dynamics, investor base, and regulatory environment for Ethereum are distinct from those of Bitcoin. As the crypto landscape continues to evolve, the differences between these two leading cryptocurrencies highlight the need for nuanced analysis when assessing investment opportunities.
#trendingtopic $ETH #etf
JP Morgan analysts have observed that the demand for Ethereum ETFs has been relatively weak compared to Bitcoin ETFs. However, they caution against directly comparing the two, arguing that such comparisons are like comparing "apples to oranges." The bank points out that the market dynamics, investor base, and regulatory environment for Ethereum are distinct from those of Bitcoin. As the crypto landscape continues to evolve, the differences between these two leading cryptocurrencies highlight the need for nuanced analysis when assessing investment opportunities.
#trendingtopic $ETH #etf
September currently started what most people thought it would be doing according to historical performance:
𝘽𝙤𝙧𝙞𝙣𝙜 𝙖𝙣𝙙 𝙧𝙚𝙙 𝙤𝙫𝙚𝙧𝙖𝙡𝙡
If this historical trend however keeps repeating itself, it also means October and November are going to get a whole lot better.
Usually I look at each and every year as a standalone experience due to potential differences taking place.
But can't deny that some things have been rhyming a lot lately according to history.
𝙐𝙥𝙩𝙤𝙗𝙚𝙧 𝙖𝙣𝙙 𝙢𝙤𝙤𝙣𝙫𝙚𝙢𝙗𝙚𝙧 𝙣𝙚𝙭𝙩?
#CryptoMarketMoves #etf #BitEagleNews
𝘽𝙤𝙧𝙞𝙣𝙜 𝙖𝙣𝙙 𝙧𝙚𝙙 𝙤𝙫𝙚𝙧𝙖𝙡𝙡
If this historical trend however keeps repeating itself, it also means October and November are going to get a whole lot better.
Usually I look at each and every year as a standalone experience due to potential differences taking place.
But can't deny that some things have been rhyming a lot lately according to history.
𝙐𝙥𝙩𝙤𝙗𝙚𝙧 𝙖𝙣𝙙 𝙢𝙤𝙤𝙣𝙫𝙚𝙢𝙗𝙚𝙧 𝙣𝙚𝙭𝙩?
#CryptoMarketMoves #etf #BitEagleNews
BREAKING: The FBI just issued a warning - North Korean hackers are attempting to steal Bitcoin & crypto funds from the ETFs.
#etf #Bitcoin #BitEagleNews
#etf #Bitcoin #BitEagleNews
*Institutional Investments in Bitcoin and Ethereum*
*JPMorgan:*
- Invested over $1 million in Bitcoin ETFs (BlackRock, Bitwise, Fidelity)
- No direct Ethereum investment disclosed
*BlackRock:*
- Launched iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF
- No direct Ethereum investment disclosed
*Fidelity:*
- Offers Bitcoin ETFs (over 250 holders)
- Tokenized a money market fund using JPMorgan's Ethereum-based blockchain (Onyx)
*Holdings:*
- Bitcoin: Unknown exact amounts, but significant investments through ETFs
- Ethereum: No public disclosure of holdings
*Key Insights:*
1. Institutional investment in Bitcoin grows.
2. JPMorgan and BlackRock focus on Bitcoin ETFs.
3. Fidelity explores Ethereum's blockchain technology.
4. Exact holdings remain undisclosed.
#etf #btc #BTC500K #bkackrock #FidelityReveals
*JPMorgan:*
- Invested over $1 million in Bitcoin ETFs (BlackRock, Bitwise, Fidelity)
- No direct Ethereum investment disclosed
*BlackRock:*
- Launched iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF
- No direct Ethereum investment disclosed
*Fidelity:*
- Offers Bitcoin ETFs (over 250 holders)
- Tokenized a money market fund using JPMorgan's Ethereum-based blockchain (Onyx)
*Holdings:*
- Bitcoin: Unknown exact amounts, but significant investments through ETFs
- Ethereum: No public disclosure of holdings
*Key Insights:*
1. Institutional investment in Bitcoin grows.
2. JPMorgan and BlackRock focus on Bitcoin ETFs.
3. Fidelity explores Ethereum's blockchain technology.
4. Exact holdings remain undisclosed.
#etf #btc #BTC500K #bkackrock #FidelityReveals
LIVE
Binance News
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Ethereum Spot ETF Trading Volume Lags Behind Bitcoin
According to Odaily, Galaxy Research recently posted on X that since their launch, the trading volume of Ethereum spot ETFs has been significantly lower than that of Bitcoin spot ETFs. Both are far below the ETH/BTC CEX trading volume and market cap ratio. Several factors contribute to this outcome, with the most important being that major trading platforms have not yet provided margin for ETH ETFs. To control some of these factors, such as the lack of margin availability, one can compare the performance of each product group over the first 25 days. During this period, the trading volume ratio of Ethereum ETFs to Bitcoin ETFs has continued to decline.
10.25 Real Market Analysis:
intraday market; It should be noted that the support level of the short-term retracement is up for grabs around the 10-day line of 33300, and it was previously possible to retreat to the high of the previous wave of 32700 according to the technical band.
The main idea is to retain bullish expectations. In the short term, you can see the retracement from above!
Pie operation recommendations
Short above 34500−34600,
Target 33500−33600, defense 34800!
Below 33800−33600 long,
Target 34500−34600, defense 33400
More than 1780 ether, 1750 defense, 1820 goals!
#BTC #etf #safereum #Binance #cryptonews
intraday market; It should be noted that the support level of the short-term retracement is up for grabs around the 10-day line of 33300, and it was previously possible to retreat to the high of the previous wave of 32700 according to the technical band.
The main idea is to retain bullish expectations. In the short term, you can see the retracement from above!
Pie operation recommendations
Short above 34500−34600,
Target 33500−33600, defense 34800!
Below 33800−33600 long,
Target 34500−34600, defense 33400
More than 1780 ether, 1750 defense, 1820 goals!
#BTC #etf #safereum #Binance #cryptonews
WHY YOU SHOULD CONTROL YOUR EMOTIONS WHEN TRADING⬇️⬇️
MUST READ:
1. Prevents Panic Selling: Panic selling often occurs as a result of fear during a market crash. By controlling your emotions, you can avoid selling at a loss and wait for the market to recover.
2. Reduces Chances of Impulse Buying: Emotion-driven decisions can also lead to buying at peak prices out of greed or fear of missing out. Staying emotionally detached allows for rational decision-making.
3. Facilitates Rational Decisions: Investing and trading should be based on research and strategy rather than feelings. Emotion-free trading allows you to stick to your plan and strategy.
4. Encourages Patience: Controlling your emotions fosters patience, an essential virtue in trading. Crypto market is highly volatile and waiting for the right moment to buy or sell can prove profitable.
5. Decreases Stress: Emotional trading can lead to stress and burnout. Trading calmly helps you to avoid these issues and ensures a healthier mental state.
6. Enhances Learning: When emotions control trading decisions, traders often repeat the same mistakes. By being in control of your emotions, you can objectively analyze your trades and learn from your mistakes.
7. Provides Consistency: Trading success requires consistency, and letting emotions rule can lead to erratic trades and inconsistent results.
8. Improves Money Management: Emotional trading often leads to excessive risk-taking. Control over emotions allows better money management, thus reducing potential losses.
9. Long-term Strategy: Emotional trading can make you focus on short-term gains rather than long-term strategy. By controlling your emotions, you can focus on your long-term investment plan.
In conclusion, emotional control is essential in trading cryptocurrencies as it can significantly affect the outcome of your trading experience. Investing in knowledge and learning how to manage emotions can lead to better decision-making, less stress, and more profits in the long run.
#Meme #etf #gbtc #fomo #sbf
MUST READ:
1. Prevents Panic Selling: Panic selling often occurs as a result of fear during a market crash. By controlling your emotions, you can avoid selling at a loss and wait for the market to recover.
2. Reduces Chances of Impulse Buying: Emotion-driven decisions can also lead to buying at peak prices out of greed or fear of missing out. Staying emotionally detached allows for rational decision-making.
3. Facilitates Rational Decisions: Investing and trading should be based on research and strategy rather than feelings. Emotion-free trading allows you to stick to your plan and strategy.
4. Encourages Patience: Controlling your emotions fosters patience, an essential virtue in trading. Crypto market is highly volatile and waiting for the right moment to buy or sell can prove profitable.
5. Decreases Stress: Emotional trading can lead to stress and burnout. Trading calmly helps you to avoid these issues and ensures a healthier mental state.
6. Enhances Learning: When emotions control trading decisions, traders often repeat the same mistakes. By being in control of your emotions, you can objectively analyze your trades and learn from your mistakes.
7. Provides Consistency: Trading success requires consistency, and letting emotions rule can lead to erratic trades and inconsistent results.
8. Improves Money Management: Emotional trading often leads to excessive risk-taking. Control over emotions allows better money management, thus reducing potential losses.
9. Long-term Strategy: Emotional trading can make you focus on short-term gains rather than long-term strategy. By controlling your emotions, you can focus on your long-term investment plan.
In conclusion, emotional control is essential in trading cryptocurrencies as it can significantly affect the outcome of your trading experience. Investing in knowledge and learning how to manage emotions can lead to better decision-making, less stress, and more profits in the long run.
#Meme #etf #gbtc #fomo #sbf
