Ether extended its gains over the past 24 hours as investors now expect an approval of Van Eck’s application for a spot Ether exchange traded fund (ETF) as early as today or by tomorrow at the latest. This would be the first of nine similar applications to be approved by the Securities and Exchange Commission (SEC). “ If they approve the Ethereum ETF, they are...
The 11 spot Bitcoin exchange traded funds (ETFs) approved in the US four months ago posted five days of consecutive inflows last week. Net inflows into the competing ETFs issued in Hong Kong three weeks ago have, however, been below expectations – a mere $228 million. In comparison, the US ETFs recorded inflows of $221 million on Friday, May 17, alone. The...
Hundreds of firms disclosed investments in the spot Bitcoin ETFs With the first quarter earnings season coming to an end and the deadline for regulatory filings expiring, a slew of financial institutions have disclosed their equity and crypto holdings. Interest in the 11 exchange traded funds (ETFs) approved by the Securities and Exchange Commission (SEC) was...
SEC postpones yet another decision on a spot Ether ETF application 🙄 The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5. The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few...
The price of Bitcoin rallied 3.8 percent to $59,568 over the past 24 hours. “#Bitcoin's market value has rebounded to $59.3K, and the percentage of the network's available supply in profit is at 84.4%. This CRYPTOCAP:BTC ratio is at its lowest level in 2 months. Lower levels generally justify more #bullish conditions,” the crypto intelligence firm Santiment...
In the US, there were outflows from the spot Bitcoin exchange traded funds (ETFs) for the sixth consecutive day. “We have seen six consecutive days of outflows, and as the average entry price ($57,300) approaches the current spot price ($59,800), we will likely see more ETF unwinding. Since March 18, the ETFs have seen outflows on 58% of all trading days,” 10x...
The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed hopes of rate cuts any time soon. Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the...
The cryptocurrency trend was mixed over the past 24 hours ahead of the Federal Reserve’s interest rate decision tomorrow. The benchmark interest rate is expected to be left unchanged at 5.25 percent; a 23-year high. Investors will instead carefully analyze the wording about its future path. Some analysts expect three rate cuts later this year, while others...
May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in...
The price of Bitcoin fell 2.4 percent to $62,416 over the past 24 hours. Its price now trades 15 percent below its all-time high reached 1 ½ month ago, Trading View’s Bitcoin chart shows. Plans by the Swiss cryptoverse to push for the addition of Bitcoins to the alpine country’s currency reserves seem shattered following comments made by the head of the Swiss...
Cryptocurrencies traded mixed over the past 24 hours, as investors are awaiting news that could give a clear direction to the cryptoverse following Bitcoin’s halving a week ago. Its price has since then risen 3.2 percent, Trading View’s Bitcoin chart shows. Yesterday, the 71-day streak of consecutive inflows into BlackRock’s spot Bitcoin exchange traded fund...
The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows. “I think we’re just getting started and bitcoin is going...
Last week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs…...
A very strong sun shines over Bitcoin and Chainlink in the next 24 hours, indicating some upside potential lying ahead. Other altcoins, including Ether, Ripple’s XRP and Cardano will also profit from this bullish trend, while Litecoin and Uniswap face bearish clouds. These sunny bullish trading conditions should prevail over the cryptoverse the coming week, as...
Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY, one of the four major accounting firms, has launched a...
The cryptocurrency trend was negative over the weekend as tensions escalated in the Middle East. “Predictable unpredictability is the new normal… For markets in the short term, this should lead to position reduction,” Handelsbanken wrote in its daily note. The price of Bitcoin fell to a low of $61,078 on Saturday. This market volatility led to liquidations of...
The cryptocurrency trend was positive over the past 24 hours ahead of Bitcoin’s halving next week and despite the release of higher-than-expected US inflation data that initially pushed prices lower. “Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor. ETF flows + rising deficits matter...
Later today, a record worth of Bitcoin options, $9.5 billion, are set to expire, a factor that may cause volatility, The Block reports. The release of key US inflation data, the personal consumption expenditures (PCE) index, may also impact the crypto universe if the February data comes in above expectations. Analysts foresee the PCE index up 2.5 percent...