BitcoinETFs
3.9M visningar
1,724 Inlägg
Dive into the discussion with #BitcoinETFs to explore the burgeoning world of Bitcoin-based Exchange Traded Funds. Engage with us to discuss the latest ETF launches, their market impacts, and investment strategies. Let’s analyze and speculate on how Bitcoin ETFs are shaping the investment landscape for both retail and institutional investors.
Rekommenderas
Senaste
🔥🔥#BTC_MARKET_UPDATE and price movement analysis.🔥🔥
✅🔥 Figure-1 shows that $BTC is still moving in descending channel and around the bottom trendline or support line. BTC is rejected for upward movement from central trendline/resistance. Visit my previous post where you can fund details and analysis of different cases about figure-1 studied on 1D time frame(TF).
✅🔥Figure-2 represent that how the price of $BTC will act for longer term. On a weekly TF trendline drawn from the crash of 2017-18 towards the bull market movement. A similar strategy applied from the crash of 2022 towards the current bull market. In simple words, below the trendline is the bear market and above the trendline bull market. Here this trend is represented on 1W TF. Visit my profile where you can see the previous post about this case in detail.
✅🔥Yesterday #HKETF started but also a bad news for crypto community where CZ cofounder and ex-CEO of binance handed 4-months prison time. CZ always poses 4 whenever something bad happens in cryptocurrency. Also important to mention that in January when US ETFs were approved initially the market goes volatile around 48k and then drops to 37k, after that the rest is history. The same will be the case of HK ETF, you just need to show patience and keep calm rewards will come soon.
Please press follow for more information and if you like and agree with the idea. Your follow will keep me motivated to do more research and write more better content. DYOR for financial activities. This is for educational and learning purposes.
$SOL #BitcoinETFs #fomc #Fed
✅🔥 Figure-1 shows that $BTC is still moving in descending channel and around the bottom trendline or support line. BTC is rejected for upward movement from central trendline/resistance. Visit my previous post where you can fund details and analysis of different cases about figure-1 studied on 1D time frame(TF).
✅🔥Figure-2 represent that how the price of $BTC will act for longer term. On a weekly TF trendline drawn from the crash of 2017-18 towards the bull market movement. A similar strategy applied from the crash of 2022 towards the current bull market. In simple words, below the trendline is the bear market and above the trendline bull market. Here this trend is represented on 1W TF. Visit my profile where you can see the previous post about this case in detail.
✅🔥Yesterday #HKETF started but also a bad news for crypto community where CZ cofounder and ex-CEO of binance handed 4-months prison time. CZ always poses 4 whenever something bad happens in cryptocurrency. Also important to mention that in January when US ETFs were approved initially the market goes volatile around 48k and then drops to 37k, after that the rest is history. The same will be the case of HK ETF, you just need to show patience and keep calm rewards will come soon.
Please press follow for more information and if you like and agree with the idea. Your follow will keep me motivated to do more research and write more better content. DYOR for financial activities. This is for educational and learning purposes.
$SOL #BitcoinETFs #fomc #Fed
U.S. spot Bitcoin ETFs bought an amount equivalent to two months' worth of Bitcoin mining supply during the first week of June.
#webgtr #Bitcoin #Binance #BitcoinETFs #Binance200M
#webgtr #Bitcoin #Binance #BitcoinETFs #Binance200M
🔍 U.S. #BitcoinETFs acquired nearly two months’ worth of #Bitcoin mining supply within the first week of June, totaling approximately 25,729 $BTC
This purchase, valued at around $1.83 billion, marks one of the largest buying weeks since mid-March.
#BitcoinETFUpdate #TrendingTopic
This purchase, valued at around $1.83 billion, marks one of the largest buying weeks since mid-March.
#BitcoinETFUpdate #TrendingTopic
💰 Over the past week, spot #BitcoinETFs have added 25,700 $BTC
to their balances, while miners have only produced 2,250 #BTC during this time.
🚀 The founder of #DWFLabs believes in the beginning of altseason within a few months, provided BTC's price remains stable. Link
🥳 Binance announced that the number of its registered users has exceeded 200 million. The exchange's user base grew from 100 million to 200 million in 2 years.
👀 The founder of IO NET has stepped down as CEO. Shortly before his departure, he was caught lying about the project employing half a million GPUs, when in reality there were only ~20,000. Executive Director Tori Green will take over as CEO.
#IOprediction #bitcoin
to their balances, while miners have only produced 2,250 #BTC during this time.
🚀 The founder of #DWFLabs believes in the beginning of altseason within a few months, provided BTC's price remains stable. Link
🥳 Binance announced that the number of its registered users has exceeded 200 million. The exchange's user base grew from 100 million to 200 million in 2 years.
👀 The founder of IO NET has stepped down as CEO. Shortly before his departure, he was caught lying about the project employing half a million GPUs, when in reality there were only ~20,000. Executive Director Tori Green will take over as CEO.
#IOprediction #bitcoin
The #inflows of capital into spot #BitcoinETFs continues – 18 consecutive "green" days.
💰 On 06.06, the funds inflow amounted to $217.78 million.
#BlackRock 's balance now holds 302,539 $BTC , worth $21.4 billion.💵
#TopCoinsJune2024 #BTC
💰 On 06.06, the funds inflow amounted to $217.78 million.
#BlackRock 's balance now holds 302,539 $BTC , worth $21.4 billion.💵
#TopCoinsJune2024 #BTC
Here is #XRPPrice if Total Crypto MarketCap Hits $5T as Predicted by #ripple CEO
XRP's potential to breach the $1 mark hinges on the global crypto market cap reaching $5 trillion, a prediction confidently stated by Ripple CEO Garlinghouse.
Garlinghouse's April forecast suggested a meteoric rise in the global crypto market cap to $5 trillion by the year's end. He cited macroeconomic trends and the influx of capital sparked by spot #BitcoinETFs as primary catalysts for this surge.
Reaffirming his optimism at this year's Consensus, Garlinghouse's remarks have ignited speculation about the impact on various cryptocurrencies, notably XRP.
XRP's Price Amid a $5 Trillion Market Cap
- Currently valued at $0.5237 with a market cap of $28.3 billion, XRP stands amid a crypto market cap of $2.5 trillion. Should Garlinghouse's prediction materialize, presenting a doubling in market value, XRP would encounter substantial opportunities.
- Assuming a proportional increase in XRP's market cap to match the overall market's growth, its current $28.3 billion valuation could soar to $56.6 billion. With a circulating supply of 55.35 billion tokens, XRP's price could reach $1.022—a conservative estimate aligning with broader market expansion projections.
Loftier Projections and Market Dominance
- However, some analysts foresee XRP's trajectory stretching beyond the $1 milestone. For instance, World of Charts anticipates a surge to $5, while CryptoBull envisions a market structure propelling XRP to a staggering $154.
- Such ambitious targets could catapult XRP's market cap to $276 billion if it hits $5. This would boost its market dominance from the current 1.16% to 5.3% in a $5 trillion #CryptoMarket scenario.
- In essence, XRP's journey to $1 is just the beginning, with loftier projections painting a picture of exponential growth and increased market dominance. As Garlinghouse's prediction unfolds, XRP's potential to reshape the crypto landscape remains a focal point of market speculation.
Source - thecryptobasic.com
#BinanceSquareTalks
XRP's potential to breach the $1 mark hinges on the global crypto market cap reaching $5 trillion, a prediction confidently stated by Ripple CEO Garlinghouse.
Garlinghouse's April forecast suggested a meteoric rise in the global crypto market cap to $5 trillion by the year's end. He cited macroeconomic trends and the influx of capital sparked by spot #BitcoinETFs as primary catalysts for this surge.
Reaffirming his optimism at this year's Consensus, Garlinghouse's remarks have ignited speculation about the impact on various cryptocurrencies, notably XRP.
XRP's Price Amid a $5 Trillion Market Cap
- Currently valued at $0.5237 with a market cap of $28.3 billion, XRP stands amid a crypto market cap of $2.5 trillion. Should Garlinghouse's prediction materialize, presenting a doubling in market value, XRP would encounter substantial opportunities.
- Assuming a proportional increase in XRP's market cap to match the overall market's growth, its current $28.3 billion valuation could soar to $56.6 billion. With a circulating supply of 55.35 billion tokens, XRP's price could reach $1.022—a conservative estimate aligning with broader market expansion projections.
Loftier Projections and Market Dominance
- However, some analysts foresee XRP's trajectory stretching beyond the $1 milestone. For instance, World of Charts anticipates a surge to $5, while CryptoBull envisions a market structure propelling XRP to a staggering $154.
- Such ambitious targets could catapult XRP's market cap to $276 billion if it hits $5. This would boost its market dominance from the current 1.16% to 5.3% in a $5 trillion #CryptoMarket scenario.
- In essence, XRP's journey to $1 is just the beginning, with loftier projections painting a picture of exponential growth and increased market dominance. As Garlinghouse's prediction unfolds, XRP's potential to reshape the crypto landscape remains a focal point of market speculation.
Source - thecryptobasic.com
#BinanceSquareTalks
On June 5, U.S. #BitcoinETFs collectively attracted $488.1 million.
In the last 2 days, there have been $1.3 billion in inflows 🤯
#BitcoinETFUpdate #etfflows #BTCETF #TrendingTopic
In the last 2 days, there have been $1.3 billion in inflows 🤯
#BitcoinETFUpdate #etfflows #BTCETF #TrendingTopic
SEC Boss Gary Gensler Breaks Silence on Ethereum ETFs
SEC Chairman Gary Gensler drops cryptic remarks on Ethereum ETF approval process, leaving investors on edge
In a recent appearance on CNBC, SEC Chairman Gary Gensler provided insights into the expected timeline for the review of the spot Ethereum ETF S-1 reports. Eleanor Terrett, a reporter at Fox Business, relayed this as an indication that the review process is expected to be lengthy, potentially causing delays in the approval process for Ethereum ETFs.
As a reminder, last Friday marked a significant deadline as spot Ethereum ETF issuers, including industry giants BlackRock and VanEck, submitted their initial draft S-1 forms to the SEC. The regulator will now begin the review process, providing feedback and requesting amendments. Industry insiders expect at least two rounds of draft filings before a final decision is made.
🚨NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8
— Eleanor Terrett (@EleanorTerrett) June 5, 2024
In contrast to the relatively straightforward path of #BitcoinETF💰💰💰 approvals, the altcoin landscape appears to be murkier, according to market participants. While unanimous approval would mark a pivotal moment for the market, recent events have created uncertainty. For example, Hashdex's withdrawal of its application for undisclosed reasons has left market participants questioning the overall trajectory of Ethereum ETFs.
Attention now shifts to the SEC's stance on the crypto market and the ongoing developments in #BitcoinETFs! , as liquidity in traditional financial markets is hundreds of times greater than cryptocurrency. On one side, that does not mean that investors would want to increase their risk by switching to altcoins, and vice versa - they may shift some funds from #BitcoinETFs in a search of extra profits.
#BnbAth #StartInvestingInCrypto
SEC Chairman Gary Gensler drops cryptic remarks on Ethereum ETF approval process, leaving investors on edge
In a recent appearance on CNBC, SEC Chairman Gary Gensler provided insights into the expected timeline for the review of the spot Ethereum ETF S-1 reports. Eleanor Terrett, a reporter at Fox Business, relayed this as an indication that the review process is expected to be lengthy, potentially causing delays in the approval process for Ethereum ETFs.
As a reminder, last Friday marked a significant deadline as spot Ethereum ETF issuers, including industry giants BlackRock and VanEck, submitted their initial draft S-1 forms to the SEC. The regulator will now begin the review process, providing feedback and requesting amendments. Industry insiders expect at least two rounds of draft filings before a final decision is made.
🚨NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8
— Eleanor Terrett (@EleanorTerrett) June 5, 2024
In contrast to the relatively straightforward path of #BitcoinETF💰💰💰 approvals, the altcoin landscape appears to be murkier, according to market participants. While unanimous approval would mark a pivotal moment for the market, recent events have created uncertainty. For example, Hashdex's withdrawal of its application for undisclosed reasons has left market participants questioning the overall trajectory of Ethereum ETFs.
Attention now shifts to the SEC's stance on the crypto market and the ongoing developments in #BitcoinETFs! , as liquidity in traditional financial markets is hundreds of times greater than cryptocurrency. On one side, that does not mean that investors would want to increase their risk by switching to altcoins, and vice versa - they may shift some funds from #BitcoinETFs in a search of extra profits.
#BnbAth #StartInvestingInCrypto
Ripple President Says XRP ETF Would Make a Lot of Sense
Ripple President Monica Long claims that the company's much-hyped stablecoin is likely to launch this year
During a recent interview with CNBC, Ripple President Monica Long said that an XRP exchange-traded fund (ETF) would make "a lot of sense."
"If you think about it, only XRP and Bitcoin have regulatory clarity on status in the U.S. XRP has been a top 10 asset by market cap and is about the top 5 if you look at daily traded volume. So, I think that it will make a lot of sense," she said.
Long's statement comes after Ripple CEO Brad Garlinghouse recently predicted that the launch of a spot XRP ETF was seemingly "inevitable." During a recent #CNBC interview, he clarified that approving several altcoin ETFs would make sense since investors typically do not want to have exposure to a single coin. At the same time, he believes that the upcoming Ethereum ETFs will be very successful.
Long expects to see even more institutional interest in the space. Sophisticated players are entering the relatively nascent crypto market with the help of #BitcoinETFs or tokenized assets.
Ripple's stablecoin is expected this year
As reported by U.Today, Ripple recently made a foray into the ultra-competitive stablecoin sector.
The yet-to-be-named stablecoin project is expected to go live by the end of 2024 according to Long.
"We are working on all the things you need to do in order to bring a product like this to market," she said.
Long claims that there will still be a need for the $XRP token even after Ripple launches its stablecoin project since the former will still be able to serve as a bridge asset.
The Ripple executive has pointed to various projections showing that the #stablecoin market could reach more than $3 trillion in cumulative market cap within the next five years.
#Stablecoins are seeing great demand since they provide easy access to US dollars in various parts of the world. Moreover, stablecoins are convenient for conducting payments.
#BnbAth
Ripple President Monica Long claims that the company's much-hyped stablecoin is likely to launch this year
During a recent interview with CNBC, Ripple President Monica Long said that an XRP exchange-traded fund (ETF) would make "a lot of sense."
"If you think about it, only XRP and Bitcoin have regulatory clarity on status in the U.S. XRP has been a top 10 asset by market cap and is about the top 5 if you look at daily traded volume. So, I think that it will make a lot of sense," she said.
Long's statement comes after Ripple CEO Brad Garlinghouse recently predicted that the launch of a spot XRP ETF was seemingly "inevitable." During a recent #CNBC interview, he clarified that approving several altcoin ETFs would make sense since investors typically do not want to have exposure to a single coin. At the same time, he believes that the upcoming Ethereum ETFs will be very successful.
Long expects to see even more institutional interest in the space. Sophisticated players are entering the relatively nascent crypto market with the help of #BitcoinETFs or tokenized assets.
Ripple's stablecoin is expected this year
As reported by U.Today, Ripple recently made a foray into the ultra-competitive stablecoin sector.
The yet-to-be-named stablecoin project is expected to go live by the end of 2024 according to Long.
"We are working on all the things you need to do in order to bring a product like this to market," she said.
Long claims that there will still be a need for the $XRP token even after Ripple launches its stablecoin project since the former will still be able to serve as a bridge asset.
The Ripple executive has pointed to various projections showing that the #stablecoin market could reach more than $3 trillion in cumulative market cap within the next five years.
#Stablecoins are seeing great demand since they provide easy access to US dollars in various parts of the world. Moreover, stablecoins are convenient for conducting payments.
#BnbAth
Bitcoin (BTC) Price Predicted to Reach $100,000 by Mike Novogratz
Mike Novogratz predicts that the largest cryptocurrency is on track to hit $100,000 this year
Potential catalysts
Tom Lee sees Bitcoin reaching $150,000
Galaxy Digital CEO #MikeNovogratz recently told Bloomberg that Bitcoin, the flagship cryptocurrency, could enter a six-digit territory as soon as this year.
Given that major institutional investors are now jumping on the Bitcoin trend, there are not a lot of sellers, according to Novogratz.
If the Bitcoin price manages to take out the make-it-or-break-it $73,000 level in the near future, the flagship cryptocurrency could end up reaching $100,000. The cryptocurrency mogul does not rule out that the Bitcoin price could surge even higher.
Novogratz noted that the bottom of the current range had started around the $40,000 level. The $70,000 level represents the top of the current range. Bitcoin has been mostly range-bound over the last few weeks after failing to take out the $70,000 level on several occasions.
Potential catalysts
Even though some hostilility in Congress used to be viewed as a major headwind for Bitcoin, Novogratz believes that it could actually turn into a potential tailwind following the most recent developments in Congress.
“D.C. has finally acknowledged in principle that crypto legislation has to happen. That it should be bipartisan…The last few weeks have been unbelievably positive,” Novogratz said.
Notably, #Novogratz thought that the crypto industry getting regulatory clarity was unlikely just a few weeks ago. Now, people realize that it is finally coming.
The fact that some governments keep spending money is also a positive development for the largest cryptocurrency, according to the billionaire.
Tom Lee sees Bitcoin reaching $150,000
According to Fundstrat’s Tom Lee, the #Bitcoin❗ price could surge to as high as $150,000 this year.
The permabull has cited such factors as the halving event, the success of #BitcoinETFs Bitcoin’s growing user base as well as declining inflation as the key factors behind his bullish call.
#BnbAth
Potential catalysts
Tom Lee sees Bitcoin reaching $150,000
Galaxy Digital CEO #MikeNovogratz recently told Bloomberg that Bitcoin, the flagship cryptocurrency, could enter a six-digit territory as soon as this year.
Given that major institutional investors are now jumping on the Bitcoin trend, there are not a lot of sellers, according to Novogratz.
If the Bitcoin price manages to take out the make-it-or-break-it $73,000 level in the near future, the flagship cryptocurrency could end up reaching $100,000. The cryptocurrency mogul does not rule out that the Bitcoin price could surge even higher.
Novogratz noted that the bottom of the current range had started around the $40,000 level. The $70,000 level represents the top of the current range. Bitcoin has been mostly range-bound over the last few weeks after failing to take out the $70,000 level on several occasions.
Potential catalysts
Even though some hostilility in Congress used to be viewed as a major headwind for Bitcoin, Novogratz believes that it could actually turn into a potential tailwind following the most recent developments in Congress.
“D.C. has finally acknowledged in principle that crypto legislation has to happen. That it should be bipartisan…The last few weeks have been unbelievably positive,” Novogratz said.
Notably, #Novogratz thought that the crypto industry getting regulatory clarity was unlikely just a few weeks ago. Now, people realize that it is finally coming.
The fact that some governments keep spending money is also a positive development for the largest cryptocurrency, according to the billionaire.
Tom Lee sees Bitcoin reaching $150,000
According to Fundstrat’s Tom Lee, the #Bitcoin❗ price could surge to as high as $150,000 this year.
The permabull has cited such factors as the halving event, the success of #BitcoinETFs Bitcoin’s growing user base as well as declining inflation as the key factors behind his bullish call.
#BnbAth
💵 The State of Wisconsin invested some money in #BitcoinETFs
The State of Wisconsin Investment Board bought $164 million worth of bitcoin-ETF shares from #BlackRock and #GRAYSCALE in the first quarter.
The agency managed $156bn in assets at the end of 2023, and bitcoin products make up just 0.1% of the portfolio.
The investment was made as part of a retirement plan.
#BnbAth #StartInvestingInCrypto
The State of Wisconsin Investment Board bought $164 million worth of bitcoin-ETF shares from #BlackRock and #GRAYSCALE in the first quarter.
The agency managed $156bn in assets at the end of 2023, and bitcoin products make up just 0.1% of the portfolio.
The investment was made as part of a retirement plan.
#BnbAth #StartInvestingInCrypto
💵 Flows into spot #BitcoinETFs yesterday = $886,750,000!
4.06 saw the second largest daily #inflows into #BitcoinETFs! since launch.
#BnbAth #StartInvestingInCrypto
4.06 saw the second largest daily #inflows into #BitcoinETFs! since launch.
#BnbAth #StartInvestingInCrypto
The #inflows into spot #BitcoinETFs amounted to ~$886.75 million yesterday — the second-largest single-day net inflow in history!
#BnbAth #StartInvestingInCrypto #altcoins
#BnbAth #StartInvestingInCrypto #altcoins
#inflows into spot #BitcoinETFs continued for the 15th day in a row
📈 On June 3, inflows into 11 approved spot #BitcoinETFs! totaled $105.1 million. The positive trend continued for 15 days in a row, according to SoSoValue. 💰 During this period, the segment attracted $2.28 billion. Since the registration of products — $13.96 billion.
👀 A longer trend (at 17 trading days) was observed only once — in January, after the launch of ETF trading. But the rate of receipts has significantly decreased compared to the peak values of March. 🤷
✔️ According to BitcoinTreasuries, the total volume of bitcoin products at the disposal of issuers reached 1,035,233 $BTC ($71.4 billion), which is equivalent to 4.93% of the bitcoin emission. Specifically, #BlackRock 's IBIT owns 291,563 BTC (1.39%), GBTC owns 286,957 BTC (1.37%).🧐
#BnbAth
📈 On June 3, inflows into 11 approved spot #BitcoinETFs! totaled $105.1 million. The positive trend continued for 15 days in a row, according to SoSoValue. 💰 During this period, the segment attracted $2.28 billion. Since the registration of products — $13.96 billion.
👀 A longer trend (at 17 trading days) was observed only once — in January, after the launch of ETF trading. But the rate of receipts has significantly decreased compared to the peak values of March. 🤷
✔️ According to BitcoinTreasuries, the total volume of bitcoin products at the disposal of issuers reached 1,035,233 $BTC ($71.4 billion), which is equivalent to 4.93% of the bitcoin emission. Specifically, #BlackRock 's IBIT owns 291,563 BTC (1.39%), GBTC owns 286,957 BTC (1.37%).🧐
#BnbAth
