#2024 Ethereum ETF

[kripto-parahaber]

Ethereum ve AI tokenler yükseliyor: Yükseliş kalıcı olacak mı?

Ethereum Haberleri: 14 Ağustos Çarşamba günü kripto para piyasa değeri yüzde 2’lik bir yükseliş sergiledi. Bitcoin yeniden 60 bin dolara çıkarken altcoinler minimal seviyelerde toparlama gösterdi. İkinci büyük altcoin Ethereum ise yüzde 3’ün üzerinde bir artış yaşadı ve ETF girişlerindeki artışla yatırımcı arasında iyimser bir hava yarattı. Meme coin sektörü ise yatay bir hareket izlerken AI…

[leadvalets]

2024 Ethereum Price Forecast: What Crypto Investors Need to Know

In the fast-paced world of cryptocurrency, Ethereum stands out as one of the most popular and promising assets. As we look ahead to 2024, investors are keen to understand what the future holds for Ethereum’s price and how they can capitalize on potential opportunities while managing risks effectively. Understanding Ethereum: A Brief Overview Ethereum, a decentralized platform that enables smart…

[cryptonewspod]

Top 5 Altcoins for the Next Bull Run - 100x Growth in March 2024!

2024 could see a big rise in altcoins during the crypto bull run! This year is going to be very exciting for cryptocurrency fans. Recent events like Bitcoin halving and Ethereum ETF will shake the cryptocurrency market, and experts seem quite excited about this. YouTuber Brian Jung recently released a video in which he talks about the Top 5 Altcoins and also reveals that this is going to be a…

[dencyemily]

A surge in altcoins is predicted by a crypto analyst while Bitcoin remains stable

The 2024 crypto bull run signifies a pivotal moment in the crypto realm as altcoins position themselves for a notable performance, challenging the historical dominance of Bitcoin. Insights gleaned from a recent video by The Fomo Factory indicate a discernible shift in the cryptocurrency landscape towards altcoins, suggesting an evolving narrative. While Bitcoin has long been the vanguard in the crypto world, analysts are optimistic about the promising trajectory of the altcoin market in the upcoming year.

Despite Bitcoin's stability maintaining a foothold around the $42,000 mark, recent volatility stemming from ETF-related news necessitates a closer examination. The critical resistance zone, spanning from $40,000 to $43,000, hints at a potential period of sideways movement, prompting analysts to explore various scenarios. These scenarios include the potential for Bitcoin to surge to higher prices upon overcoming resistance or experiencing a dip to $37,000 if support weakens.

The spotlight now shifts decisively to altcoins, with Ethereum's ETFs sparking significant excitement and creating ripples throughout the broader cryptocurrency market. The market capitalization, fluctuating between $1.5 trillion and $1.7 trillion, presents a landscape teeming with challenges and opportunities. Analysts advocate for a strategic departure from Bitcoin towards altcoins, proposing that converting Bitcoin into altcoins, rather than relying on traditional fiat currency, may present more favorable prospects.

Highlighting specific altcoins like AVAX, Beam, IMX, Forge, and Quant, attention is drawn to their unique characteristics and potential. While some have experienced noteworthy gains, others are positioned as secure investment choices, placing emphasis on stability over the allure of extraordinary returns. As the crypto market undergoes further evolution, investors closely track these altcoins and emerging themes, anticipating significant gains in the months ahead. With the potential for altcoins to potentially outshine Bitcoin in 2024, the cryptocurrency community anticipates a year filled with dynamism and excitement.

[tpraize]

BEST MEME TOKENS TO LOOK OUT FOR THIS YEAR

With the euphoria setting in on a daily basis since the new of ETF approval hit the Internet on top of other aspects of information relating to the massive bull run experience anticipated by all crypto enthusiast. It is important to take note of the viable crypto meme tokens to be aware of. With my knowledge of the the happenings in the crypto industry and years of trading, my team and I having…

[skrillnetworkblog]

🌟 Bitcoin’s Meteoric Rise: ETF Influx Fuels New Heights! 🌟

🔑 Key Highlights

1️⃣ Bitcoin Soars to $64K: The largest cryptocurrency breaks past its previous peak, reflecting a resurgent market.

2️⃣ BlackRock Leads ETF Revolution: iShares Bitcoin Trust secures a staggering $550 million investment.

3️⃣ ETF Magic: SEC approval of 10 Bitcoin ETFs powers retail and institutional adoption.

4️⃣ Market Recovery: Cryptocurrencies like Ethereum also see sharp value increases, with ETH now trading at $3,500.

5️⃣ Federal Reserve Cuts: Lower interest rates are shifting focus to digital assets.

6️⃣ Halving Event Ahead: Anticipation builds for Bitcoin’s supply cut in April, adding fuel to the rally.

🚀 Crypto Revival: BlackRock’s ETF Boom Shakes the Market!

📊 Numbers Speak

Bitcoin (BTC): $63,933 (up from $42,000 in early 2023).

Ethereum (ETH): Surpasses $3,200, marking significant growth.

BlackRock Bitcoin ETF: Second-highest inflows in U.S. history at $550M.

💡 What’s Driving Growth?

ETFs reduce volatility, offering safer investment routes.

Weakening Dollar Index & controlled inflation enhance crypto's appeal.

Federal Reserve interest cuts boost liquidity in crypto markets.

⚡ Bitcoin Surge 2024: Is This the New Crypto Boom?

🌐 Why the Surge?

ETF Legitimacy: SEC approval legitimizes Bitcoin ETFs, pushing investor confidence.

Macro Trends: Declining yields in traditional markets drive funds to crypto.

Retail Power: Retail investors dominate the market resurgence.

📉 Challenges Ahead

Network infrastructure struggles to meet demand during peaks.

Volatility risks still linger despite ETF stabilization mechanisms.

Visit - https://www.skrillnetwork.com/blackrocks-bitcoin-etf-sees-record-inflow-as-bitcoin-surpasses-64000-a-sign-of-cryptos-resurgent-boom

[888saint]

There's no question that Shiba Inu (CRYPTO: SHIB) had an incredible run in 2021.

The dog-themed cryptocurrency jumped from $0.000000000133 (nine zeros) at the end of 2020 to $0.000033 (four zeros) at the end of 2021, skyrocketing around 26,000,000% as major cryptocurrency exchanges allowed trading in SHIB and meme coins remained popular after the earlier rise of Dogecoin (CRYPTO: DOGE).

After the meme coin shaved off five decimal zeros from its price, some are calling for the coin to eventually reach $1. From its current price of $0.000021, that would mark a gain of roughly 4,700,000%. Considering how far Shiba Inu has already come, it may seem realistic for the coin to gain another 4,700,000%, but basic math is standing in the way.

Shiba Inu trades for such a small fraction of a penny because its supply is so large. There's currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion. If those tokens were worth $1 each, SHIB's market cap would be $549 trillion, roughly 200 times bigger than Apple, the world's most valuable company, and more than six times the world's annual GDP.

In other words, Shiba Inu reaching $1 would likely require a massive reordering of the world economy. That's not going to happen. However, there is a caveat.

The only way SHIB can reach $1

There are two ways for Shiba Inu's value to increase. One is that traders simply bid up the price. The other is for the supply to decrease, which should make the remaining coins more valuable. In order for this to happen, the coins have to be taken out of circulation, or burned, as traders usually call it, by being transferred to dead wallets.

It's not unusual for this to happen. In fact, according to Shibburn, a website that tracks the burning of Shiba Inu coins, 410 trillion Shiba Inu coins have already been burnt. Nearly all of those coins were taken out of circulation by Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH) who was gifted half of the 1 quadrillion Shiba Inu coin supply by the anonymous Shiba Inu founder. Buterin did so because he felt uncomfortable controlling so much of the supply of the cryptocurrency.

According to Shibburn, at the time of writing, 62 million Shiba Inu coins had been burned in the last 24 hours. While that might sound like a lot, at that rate it would take a little more than two weeks to burn 1 billion coins, and 40 years to burn 1 trillion. The burn could accelerate if there were an organized movement among SHIB holders, which could pick up steam if the value of SHIB continues to drop. However, there's a clear disincentive to burning the coins. If the value begins going up, it's in the interest of holders to keep their coins rather than burn them, and the decentralized nature of cryptocurrency makes it unlikely that there will be an organized movement powerful enough to substantially reduce the number of coins.

What's next for Shiba Inu

Since its peak at $0.88 at the end of October (2022?), Shiba Inu has lost more than 75% of its value, and other cryptocurrencies have fallen sharply as well. Bitcoin (CRYPTO: BTC) is down nearly 50% from its all-time high, as is Ethereum. Cryptocurrencies have tumbled amid broader jitters in the stock market over rising interest rates.

It's impossible to predict where the crypto currency market will go next, but the most highly inflated assets during the pandemic have already fallen sharply.

At this point, another Shiba Inu rally seems unlikely, and reaching $1 is nearly impossible.

Source:

https://www.nasdaq.com/articles/the-only-way-shiba-inu-will-ever-reach-$1

After October 22

Bitcoin Futures at the CME

ETF funds for Bitcoin

Crypto companies (stocks tend to gain as Bitcoin gains)

Cryptocurrency brokers sell derivatives

What’s next?

Coinbase announced AI 🤖 bot and how to create your own trading bot in 3 minutes using artificial intelligence

Price of Shiba at the time of this post (1:55am 10/30/2024)

0.00001910

Newark NJ

[stockreviews]

Spot Bitcoin ETFs Return to Positive Performance with $308 Million Inflows

The recent data from SoSoValue highlights a significant shift in the performance of US-based spot Bitcoin ETFs. After a challenging start to the fourth quarter of 2024, these financial products experienced net inflows exceeding $300 million in the past week. This marks a return to positive momentum, despite the market's earlier bearish stance. In contrast, spot Ethereum ETFs continue to struggle, maintaining a negative trend despite witnessing reduced net outflows.

Rebound in Spot Bitcoin ETFs: A Closer Look at the Inflows

Spot Bitcoin ETFs Break Declining Streak with $254 Million Inflows

At the start of October, the market for spot Bitcoin ETFs faced substantial challenges, recording net outflows of $300 million during the first week. However, by Monday, October 7, the market saw a strong reversal, as net inflows reached $236.19 million, signaling renewed investor interest in these funds.

Despite this promising start, the following three days (October 8-10) brought a downturn, with cumulative outflows of $179.98 million, once again raising concerns about the market’s direction. Yet, the situation shifted dramatically by the end of the week. On Friday, October 12, spot Bitcoin ETFs recorded an impressive inflow of $253.54 million, marking the highest single-day investment in over two weeks.

Much of this inflow was attributed to Fidelity’s FBTC, which alone attracted $117.10 million in new capital. Other prominent ETFs also contributed significantly to this positive trend. Ark & 21 Shares ARKB brought in $97.58 million, while Bitwise’s BITB captured $38.81 million in investor funds. Meanwhile, VanEck’s HODL and Invesco’s BTCO also secured notable inflows of $14.26 million and $7.88 million, respectively.

Not all funds saw gains, however. BlackRock’s IBIT ETF, which holds a dominant position in the market, registered zero inflows, and Grayscale’s GBTC reported a net outflow of $22.09 million, reflecting investor sentiment shifts.

Impact on Bitcoin ETF Market and Assets

As a result of these substantial inflows, the total net assets in the spot Bitcoin ETF market have grown to $58.66 billion. This figure represents 4.71% of Bitcoin's total market capitalization. BlackRock’s IBIT continues to dominate, accounting for roughly 40% of the assets under management in this market. It holds 369,640.1 BTC, valued at approximately $23.30 billion.

Grayscale’s GBTC, once the largest Bitcoin spot ETF with a holding of 600,000 BTC, now holds a reduced position. With significant outflows amounting to $20.19 billion, GBTC’s total holdings have fallen to 220,177.5 BTC, valued at $13.85 billion. This shift places GBTC as the second-largest Bitcoin ETF by assets.

Performance of Key Spot Bitcoin ETFs

Fidelity’s FBTC: With $117.10 million in inflows, this ETF led the pack in the past week. It remains one of the most attractive investment vehicles in the spot Bitcoin ETF market, benefiting from strong investor confidence.

Ark & 21 Shares ARKB: This ETF witnessed $97.58 million in inflows, further solidifying its position as a key player in the Bitcoin ETF market.

Bitwise’s BITB: Bringing in $38.81 million, Bitwise has continued to garner interest from investors looking to capitalize on Bitcoin’s potential.

VanEck’s HODL and Invesco’s BTCO: While these ETFs did not attract as much capital as the top three, they still saw notable inflows, contributing to the broader positive trend in the market.

Ethereum ETFs Struggle to Gain Momentum

In stark contrast to the performance of Bitcoin ETFs, the spot Ethereum ETF market has been unable to reverse its negative trajectory. Over the past week, these funds recorded net outflows of $5.22 million. Although this figure is an improvement compared to the previous week’s outflows of $25.47 million, it still marks the 10th week of losses out of the last 12 trading weeks for spot Ethereum ETFs.

Interestingly, despite the general trend of outflows, there was one day of positive inflows during the week. On a single day, spot Ethereum ETFs attracted $3.06 million, offering a glimmer of hope for investors. However, this was not enough to offset the ongoing losses.

Ethereum ETFs' Ongoing Struggles and Market Implications

The cumulative net outflows in the spot Ethereum ETF market now stand at a staggering $558.88 million, reflecting a sustained lack of investor confidence. This trend contrasts sharply with the spot Bitcoin ETF market, which has shown resilience and growth in recent weeks. The total value traded in the Ethereum ETF market is currently $143.54 million, far below the levels seen in Bitcoin-related funds.

At the time of writing, Ethereum is trading at $2,459, representing a modest 0.78% gain in the past 24 hours. Bitcoin, on the other hand, remains priced at $62,725, following a 0.22% increase during the same period.

Why Ethereum ETFs Lag Behind

Several factors contribute to the continued underperformance of Ethereum ETFs. The broader Ethereum market has faced a series of challenges, including heightened competition from Layer 2 scaling solutions and other blockchain networks. Additionally, investor sentiment toward Ethereum has been dampened by concerns over its regulatory status and the potential for stricter government oversight in the future.

Moreover, the Ethereum ETF market has not yet attracted the same level of institutional interest as Bitcoin ETFs, which benefit from a more established presence in traditional financial markets. As a result, Ethereum ETFs have struggled to maintain positive momentum, with many investors opting for other investment vehicles or moving capital into Bitcoin-related products.

Outlook for Bitcoin and Ethereum ETFs

The recent inflows into spot Bitcoin ETFs suggest that these financial products are regaining favor among investors, even in the face of broader market volatility. With total net assets in the spot Bitcoin ETF market surpassing $58 billion, there is a clear indication that institutional and retail investors alike continue to view Bitcoin as a valuable asset within their portfolios.

Looking ahead, the key question remains whether Bitcoin ETFs can sustain this positive momentum. With increasing regulatory clarity and growing acceptance of Bitcoin as a legitimate asset class, the outlook for spot Bitcoin ETFs appears promising. However, market volatility and macroeconomic factors will likely continue to play a significant role in shaping investor behavior.

In contrast, the future of spot Ethereum ETFs remains uncertain. While Ethereum itself continues to be a dominant player in the blockchain space, its ETF products have not yet managed to capture the same level of interest as their Bitcoin counterparts. Until there is a shift in market sentiment or a significant improvement in the performance of Ethereum ETFs, these funds may continue to lag behind Bitcoin in terms of returns and investor inflows.

Conclusion: A Tale of Two ETFs

The performance of spot Bitcoin and Ethereum ETFs over the past week provides a stark contrast. While Bitcoin ETFs have seen a return to positive inflows, benefiting from renewed investor confidence, Ethereum ETFs remain in a state of flux, grappling with ongoing outflows and negative returns. As the market evolves, investors will need to closely monitor both products to identify potential opportunities and risks.

[cryptonewscentral]

🚀 The crypto market is on the brink of a major boom! 🌟 Discover why analysts believe a Trump victory in 2024 could skyrocket Bitcoin and Solana to new heights. 📈 Dive into the latest insights and prepare for a thrilling ride in the world of digital assets. Don't miss out!

[unpluggedfinancial]

How I Think BTC is Going to Reach a New ATH This Week

Bitcoin (BTC) has seen its fair share of ups and downs, but recent events suggest that we might be on the brink of an unprecedented surge. I believe Bitcoin is poised to reach a new all-time high (ATH) this week, driven by significant political endorsements, strategic financial moves, and bullish market responses. Here's a look at the key events propelling Bitcoin to new heights.

Recent Events Driving Bitcoin's Surge

1. Donald Trump's Keynote:

Former United States President Donald Trump made a groundbreaking announcement at the Bitcoin 2024 conference in Nashville. In his keynote address, Trump promised to make the United States the "crypto capital of the world." He unveiled plans to create a national Bitcoin stockpile, turning the cryptocurrency into a "permanent national asset."

This bold promise has triggered bullish responses from top crypto analysts. Many predict that Trump's electoral promises could lead to a tenfold increase in Bitcoin's price. Trump's endorsement is not just a political statement; it's a game-changer for the perception and adoption of Bitcoin in the mainstream financial world.

2. Robert F. Kennedy Jr.'s Statement:

Adding to the momentum, presidential candidate Robert F. Kennedy Jr. revealed that the U.S. government has seized over 200,000 BTC, valued at approximately $13 billion, through law enforcement agencies. RFK Jr. described Bitcoin as a currency of hope, emphasizing its potential for optimism, democracy, transparency, freedom, and independence.

Kennedy hinted at signing an executive order to build up the U.S. strategic BTC reserve. Under his administration, the U.S. Treasury would purchase 550 bitcoins daily, aiming for a target of 4 million BTC. This plan underscores a growing recognition of Bitcoin's value and its strategic importance to national reserves.

3. Cynthia Lummis's Proposal:

Senator Cynthia Lummis has long been a proponent of Bitcoin, and her latest proposal further cements her support. Lummis suggests treating Bitcoin like gold or oil to bolster the U.S. economy. Her plan involves building a secure network of Bitcoin vaults run by the Treasury, with the aim of acquiring 1 million Bitcoins—about 5% of all existing Bitcoins.

Funding for this acquisition would come from reshuffling existing Federal Reserve and Treasury funds. Lummis emphasizes that this initiative would not infringe on personal Bitcoin holdings, protecting users' rights while strengthening national reserves. Her ongoing efforts, including the Cynthia-Gillibrand Responsible Financial Innovation Act, aim to balance stringent regulations with support for innovation.

4. ETF Approvals and Performance:

In addition to these political endorsements, the approval of the Ethereum ETF has set a precedent for the crypto market. The Bitcoin ETF is also performing exceptionally well, attracting increased institutional interest and investment. This institutional support is crucial for Bitcoin's sustained growth and stability.

The Bigger Picture

These events collectively create a perfect storm for Bitcoin's price surge. The strategic acquisitions by the U.S. government, coupled with strong institutional interest, provide a solid foundation for Bitcoin's value to skyrocket. The recognition of Bitcoin as a mainstream asset by influential political figures further legitimizes its role in the global economy.

Conclusion

With the convergence of these significant developments, I am confident that Bitcoin is on the verge of reaching a new all-time high this week. The bullish sentiment from key political figures, coupled with strategic financial moves and institutional support, sets the stage for an unprecedented price surge.

Call to Action

What are your thoughts on Bitcoin's trajectory? Do you agree with my prediction? Share your thoughts and predictions in the comments below. For more updates and insights on Bitcoin and the financial revolution, follow my blog and social media channels. Let's stay informed and navigate this exciting journey together!

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

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👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

[36crypto]

StakingBonus Highlights Booming Ethereum Activity as Spot ETF Inflows Hit Record $515 Million

New York, USA Nov 20, 2024 The crypto space is abuzz, as the Ethereum Spot ETF had a record $515 million weekly net inflow, an all-time high. This is a big thumbs up for Ethereum as an asset for institutions and retail investors and solidifies its place in the digital asset ecosystem. StakingBonus, the premier staking platform for cryptocurrencies, invites crypto enthusiasts and investors to ride…

[kripto-parahaber]

Michaël van de Poppe altcoin tahminlerini açıklıyor: Ethereum, Bitcoin'i geride bırakırken öne çıkan altcoinler...

Haftaya düşüş eğilimiyle başlayan kripto para piyasası, günün erken saatlerinde geçen haftalarda Bitcoin ETF’lerinin onayı ile kazandığı iyimserliği kaybetti. Özellikle Korku ve Açgözlülük endeksi, son 3 ayın en düşük seviyelerini görerek yeşil bölgeden nötr seviyeye geriledi. Bu durum yatırımcıların temkinli davrandıklarını gösteriyor. Piyasa bu ruh hâlini yaşarken ünlü kripto para analisti…

[blockinsider]

Bitfinity Unveils $12M Bitcoin Layer 2 Solution: A New Era in Crypto Transactions

Key Points

Bitfinity Network introduces its Bitcoin Layer 2 solution, backed by $12 million funding, to integrate Ethereum-compatible DeFi capabilities into Bitcoin.

Bitfinity’s Bitcoin L2 solution uses Internet Computer Protocol’s Chain Fusion Technology, enabling seamless interaction between Bitcoin-native assets and Ethereum’s ecosystem.

On November 19, 2024, Bitfinity Network made its debut in the Bitcoin ecosystem.

They unveiled their Bitcoin Layer 2 (L2) solution, supported by a substantial $12 million funding round.

The project’s primary objective is to incorporate Ethereum-compatible decentralized finance (DeFi) capabilities into Bitcoin, thus extending its role beyond being merely a store of value.

Investor Support and Community Contributions

The Bitfinity project has drawn significant institutional support.

Notable investors such as Polychain and ParaFi provided significant backing earlier in the year.

Additionally, the project raised an extra $5 million through over-the-counter (OTC) token sales, largely driven by grassroots contributions from the Bitcoin community.

The introduction of Bitfinity’s Bitcoin Layer 2 solution marks a crucial step forward in improving Bitcoin’s scalability and functionality.

By leveraging Internet Computer Protocol’s (ICP) Chain Fusion Technology, Bitfinity fosters smooth interaction between Bitcoin-native assets and Ethereum’s ecosystem.

As institutional investors increasingly focus on Bitcoin, which recently surpassed $92,000, the demand to incorporate Bitcoin into decentralized applications (DApps) and smart contracts is growing.

Bitfinity has secured $7 million from institutional investors, including Polychain’s Beacon Fund, ParaFi, Draft Ventures, and the Warburg Serres fund.

This financial support enables Bitfinity to enhance scalability and broaden Bitcoin’s use cases.

Enhancing Bitcoin’s Scalability and Functionality

Bitfinity’s platform aims to improve Bitcoin’s scalability while promoting cross-chain compatibility.

This expands the range of Bitcoin-based applications, which were previously limited to platforms like Ethereum.

A representative emphasized the influence of institutional ETFs and increased accessibility for financial institutions, indicating a market shift.

Bitfinity’s Layer 2 solution prioritizes security through a proof-of-stake protocol bolstered by Chain-Key technology.

This method employs large signing committees capable of handling Bitcoin Schnorr and ECDSA transactions, surpassing the security of traditional multi-signature methods used by other Layer 2 platforms.

The platform seeks to increase Bitcoin’s utility by hosting decentralized applications such as Sonic, Chapswap, Lendfinity, and Omnity Bridge.

Bitfinity also plans to introduce advanced decentralized finance solutions, with backing from Liquity’s founder, thereby enhancing its ecosystem.

ICP’s Chain Fusion technology’s impact is growing, evidenced by a 1,230% year-over-year rise in usage reported by the Dfinity Foundation as of November 2024.

This growth is driven by Bitcoin-native applications like Bitfinity, Rainbow Protocol, and Tap Protocol, which use Chain Fusion to enable direct deployment of smart contracts and advanced programming on Bitcoin.

Chain Fusion boosts Bitcoin’s smart contract functionality by enabling direct interaction with the network.

This development brings Bitcoin closer to Ethereum’s capabilities in supporting decentralized applications and complex contract systems.

[tradmais]

O mundo das criptomoedas está em constan... https://tradeemais.com/melhores-criptomoedas-para-investir-em-2025?feed_id=16251&_unique_id=673b44dd43d6d

[cryptoconnect09]

Crypto ETFs Surge with Trump’s 2024 Win & Market Bullishness

With Trump’s recent election win in 2024, optimism for crypto-related ETFs is skyrocketing. Cryptos like Solana (SOL), XRP, and Cardano (ADA) have surged, suggesting ETFs for these coins could be on the horizon.

XRP is up 14.29% in 7 days, trading at $0.576 with a 119.48% increase in trading volume to $4B.

Cardano (ADA) is also soaring—up 27.32% to $0.57, fueled by bullish sentiment.

Solana's (SOL) price stands out with a 27.14% gain, reaching $205.31, a market volume of $8.34B, and a SOL market cap nearing $97B.

With strong price movements and growing interest, crypto ETFs like SOL, XRP, and ADA seem more likely.

Crypto ETFs are gaining credibility—U.S. Bitcoin ETF sees $25.79B in inflows, and Ethereum ETF attracts $29.66M daily.

As crypto ETFs grow, traditional investors may soon dive into the market surge. Stay tuned! 📈

#Crypto #XRP #Solana #Cardano #CryptoETFs #CryptoNews

[skrillnetworkblog]

Breaking News: SEC Approves Eleven Spot Bitcoin ETFs – A Game-Changer for Cryptocurrency

Mainstream Legitimacy for Bitcoin

The US SEC's approval of 11 spot Bitcoin ETFs marks a historic moment for cryptocurrency.

Paves the way for broader adoption of digital assets in traditional financial systems.

Which ETFs Received Approval?

Here’s the list of the newly approved ETFs:

ARK 21 Shares Bitcoin ETF (NYSE: ARKB)

WisdomTree Bitcoin Fund (NYSE: BTCW)

Bitwise Bitcoin ETF (NYSE: BITB)

Valkyrie Bitcoin Fund (NASDAQ: BRRR)

BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT)

VanEck Bitcoin Trust (NYSE: HODL)

Franklin Bitcoin ETF (NYSE: EZBC)

Invesco Galaxy Bitcoin ETF (NYSE: BTCO)

Fidelity Wise Origin Bitcoin Trust (NYSE: FBTC)

Hashdex Bitcoin ETF (NYSEARCA: DEFI)

Grayscale Bitcoin Trust (NYSE: GBTC)

Key Benefits of Spot Bitcoin ETFs

Greater price stability and reduced liquidity risks.

Expected inflow of institutional investments, with predictions of $5 billion within 45 days.

Enhanced accessibility for retail and institutional investors to trade Bitcoin.

How Do These ETFs Function?

Listed on CBOE, Nasdaq, and NYSE.

Bitcoin assets sourced from exchanges and secured via custodians like Coinbase Global.

ETFs track Bitcoin prices using indices from CF Benchmarks, a Kraken subsidiary.

Lower issuer fees (0.20%-0.8%) compared to traditional ETFs.

Immediate Market Impact

Bitcoin prices surged post-approval, reaching $42,656.60 on January 16, 2024.

Other cryptocurrencies also saw significant price movements:

Ethereum (ETH): $2,527.96

Tether (USDT): $0.9995

Binance Coin (BNB): $315.20

Solana (SOL): $95.516

Why Does This Matters for Investors?

Easy, regulated access to Bitcoin without direct ownership complexities.

Ideal for new investors exploring cryptocurrency with minimal hassle.

ETFs bring legitimacy, attracting institutional players and fostering public trust.

Caution for Investors

Cryptocurrencies remain volatile; research and risk management are crucial.

Stay informed about market conditions and regulatory changes.

The Future of Bitcoin in Global Finance

SEC approval signals cryptocurrency's integration into traditional financial systems.

Encourages confidence among both institutional and individual investors.

Sets the stage for further innovations and mainstream adoption in the crypto sector.

📈 Stay tuned as cryptocurrencies reshape the global financial landscape!

Visit - https://www.skrillnetwork.com/eleven-spot-bitcoin-etfs-a-significant-development-for-cryptocurrency-with-us-exchange-and-sec-approval