#Crypto Fund Inflows
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Ash and Booker’s Take on the December Rally: Hold Your Horses or Giddy Up?
Join Ash and Booker as we delve into the prospects of a December Rally in the markets and crypto. 📊💼 Our latest article offers a unique perspective with a touch of country wisdom. Stay ahead of the curve with our insights! #Finance #CryptoAnalysis #MarketTrends
#December Rally#Federal Reserve#PCE Index#OPEC+#Black Friday#Cyber Monday#Jim Cramer#Bitcoin#Crypto Fund Inflows#Ether#Altcoins#Spot Bitcoin ETF
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🌟 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
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Major Crypto Events This Week: Impact on Bitcoin and Ethereum Prices
In a week filled with significant developments, the crypto market is abuzz with anticipation and excitement. With former President Donald Trump and Vice President Kamala Harris set to speak at the BTC Nashville convention and a massive $1 billion inflow into the Ethereum ETF, the potential impact on Bitcoin, Ethereum, and the broader cryptocurrency market cannot be overstated. Let’s delve into these events and explore their potential ramifications.
Anticipating Trump and Kamala Harris at BTC Nashville Convention
Background
The BTC Nashville convention is a major event in the cryptocurrency community, drawing attention from investors, policymakers, and enthusiasts worldwide. This year, the convention is set to be particularly noteworthy, with high-profile speakers such as former President Donald Trump and Vice President Kamala Harris scheduled to address the attendees.
Potential Content of Trump’s Speech
Given Trump’s influential status, his speech at the BTC Nashville convention could be a game-changer. Speculation is rife about what he might discuss. Could he be hinting at a pro-crypto stance, potentially advocating for the inclusion of Bitcoin in the U.S. Treasury reserves? Such a move would likely send shockwaves through the market, boosting investor confidence and driving up prices.
Potential Content of Kamala Harris’s Speech
Vice President Kamala Harris’s speech is equally anticipated. As a key figure in the current administration, her views on cryptocurrency regulation and policy could shape the future landscape of the market. If Harris signals a supportive regulatory framework, this could pave the way for greater institutional adoption and integration of cryptocurrencies.
Possible Market Impact
The speeches by Trump and Harris could significantly influence market sentiment. A supportive stance from both could lead to a bullish trend, driving up the prices of Bitcoin and other cryptocurrencies. Conversely, a critical or cautious approach could introduce volatility and uncertainty. Investors will be closely watching for any hints of policy changes or endorsements that could impact their portfolios.
$1 Billion Trading Volume Ethereum ETF
Overview
The Ethereum ETF represents a major step forward for institutional investment in cryptocurrencies. An ETF, or Exchange-Traded Fund, allows investors to gain exposure to Ethereum without directly purchasing the cryptocurrency. This provides a more accessible and regulated way for large investors to enter the market.
Details of the Inflow
Yesterday, the Ethereum ETF saw a staggering $1 billion in volume traded, marking a significant milestone. This influx of capital indicates strong institutional interest and confidence in Ethereum’s future. Notable investors, possibly including hedge funds and large financial institutions, are likely behind this substantial investment.
Market Reaction
The market reacted positively to the news of the $1 billion inflow, with Ethereum’s price experiencing a noticeable uptick. This surge in investment not only boosts Ethereum’s price but also underscores the growing acceptance and legitimacy of cryptocurrencies in mainstream finance.
Long-term Impact
In the long term, this significant investment could lead to sustained price growth for Ethereum. As more institutional investors flock to Ethereum ETFs, the increased demand could drive prices higher. Additionally, the influx of institutional capital can lead to greater stability and reduced volatility, making Ethereum a more attractive asset for a broader range of investors.
Broader Market Implications
Investor Sentiment
These events are likely to have a profound impact on investor sentiment. The potential for supportive speeches from Trump and Harris, combined with the substantial inflow into the Ethereum ETF, could bolster confidence in the market. Positive sentiment often translates into increased buying activity, driving up prices across the board.
Regulatory Outlook
The regulatory landscape is a crucial factor in the future of cryptocurrencies. If Trump and Harris signal a favorable regulatory environment, this could lead to increased adoption and integration of cryptocurrencies in traditional finance. On the other hand, hints of stringent regulations could introduce uncertainty and caution among investors.
Future Trends
Looking ahead, these events could set the stage for significant trends in the crypto market. Increased institutional investment, regulatory clarity, and mainstream acceptance are all potential outcomes. As Bitcoin and Ethereum continue to gain traction, we could see a broader shift towards digital assets as a staple in investment portfolios.
Conclusion
This week’s events hold immense potential for the cryptocurrency market. The anticipated speeches by Trump and Harris at the BTC Nashville convention and the substantial $1 billion inflow into the Ethereum ETF could shape the future trajectory of Bitcoin, Ethereum, and the broader crypto ecosystem. Investors should stay informed and consider these developments when making investment decisions, as the market could be poised for significant movements.
Call to Action
What are your thoughts on these upcoming events and their potential impact on the crypto market? Share your insights in the comments below. For more updates and in-depth analyses, subscribe to our blog and stay ahead of the curve in the ever-evolving world of cryptocurrencies.
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#Crypto#Cryptocurrency#Bitcoin#Ethereum#BTCNashville#Trump#KamalaHarris#EthereumETF#CryptoNews#Blockchain#CryptoMarket#Investing#Finance#CryptoEvents#CryptoInvesting#DigitalCurrency#CryptoCommunity#CryptoUpdates#CryptoInflows#FinancialRevolution#globaleconomy#financial experts#financial empowerment#unplugged financial#financial education
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Altseason Fever: Opportunities in a Turbulent Crypto Market
Crypto enthusiasts are awaiting altseason - a period that typically follows a surge in Bitcoin's value. They hope to earn on alcoins, which skyrocket in price then. They often grow faster than Bitcoin, the dominance of which in market capitalization begins to decline - a key hallmark of altseason.
Also, this period features frantic activity in the crypto market. It’s a busy time for traders who can significantly boost their earnings. However, this activity attracts inexperienced participants at the same time. They hope to make quick money. While some of them may get lucky, many others end up losing their investments in the whirlwind of speculation.
Purely mathematically, many are doomed to failure. If you explore the Pump.fun platform, which launches new tokens, you’ll understand why. Since the start of the year, over 3 million new meme coins have already been launched. Launching a token has become very simple: one should make just a few clicks for that. It is not surprising that most of them later end up in the “coin graveyard”. According to the findings, 76% of memecoins promoted by influencers are just dead for different reasons.
Altcoins have negative returns due to rather modest capital inflows. Therefore, so much hope was laid on crypto funds and ETF assets. Still, not everything is so gloomy, especially with Trump coming to power. The significant growth of the crypto market is expected; optimism remains alive in the crypto space.
If in 2022 the dominance of bitcoins in the crypto market was 40%, the figure has already reached 60%. Though it has become more challenging to achieve massive returns (the much-desired "X's"), the crypto market still holds untapped opportunities for the savvy and patient investor.
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Bitcoin ETFs hits new record with over $3.1B in weekly inflows
United States-based spot Bitcoin exchange-traded funds (ETFs) have reached a record high in weekly inflows, signaling continued investor enthusiasm amid Bitcoin’s parabolic rally. Spot Bitcoin (BTC) ETFs saw net inflows of $3.38 billion for the week of Nov. 18–22, according to crypto tracking platform SoSoValue, marking a 102% increase from the previous week’s $1.67 billion inflow. The figure…
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Dgenct Fuels Bitcoin ETF Boom, Leading the Crypto Market to New Heights
Recently, the total assets of U.S. Bitcoin ETFs surpassed the $100 billion mark, with Bitcoin prices reaching a historic high of $97,000, capturing significant market attention. Against this backdrop, the Dgenct crypto trading platform has seen a notable increase in trading activity. With the rapid rise of Bitcoin ETFs and the influx of institutional funds, Dgenct has optimized its platform features to provide investors with comprehensive and efficient trading support, injecting strong momentum into the prosperity of the entire market.
The rapid development of Bitcoin ETFs has brought a new wave of growth to the cryptocurrency market. Led by BlackRock and Fidelity Investments, 12 Bitcoin ETFs have reached a scale of $100 billion in just 10 months, setting a new record in fund development history. This phenomenon indicates a sustained increase in institutional investor interest in cryptocurrencies. By continuously improving its trading services and adapting to market changes, Dgenct offers investors a more diverse array of investment tools and strategy support, further enhancing the platform market competitiveness.
As Bitcoin approaches the $100,000 threshold, the accelerated inflow of institutional funds has brought more liquidity to the market. Data shows that daily inflows into Bitcoin ETFs have reached $773 million, reflecting not only market confidence in Bitcoin but also the strong appeal of ETF products. Through technological upgrades and market expansion, Dgenct has optimized the execution efficiency of large transactions, ensuring a superior trading experience for both institutional users and individual investors in a highly volatile market.
The rise in market data is evident not only in prices and trading volumes but also in the more complex investment demands it brings. Dgenct has demonstrated high efficiency in responding to the current market environment by launching new analytical tools and strategy combination features, providing users with more intelligent investment choices. These technological implementations not only help investors seize market opportunities but also enhance the overall operational level of the platform.
The successful launch of Bitcoin ETFs has further increased the focus from global investors on the cryptocurrency market. This milestone development has prompted more traditional financial institutions to explore the potential of crypto assets. By continuously expanding its product coverage and trading depth, Dgenct provides a reliable investment platform for new entrants. This diversified market layout enables the platform to better adapt to the rapid growth of the crypto market.
The future cryptocurrency market will be more diversified and globalized. Through a deep understanding of market trends and a quick response to user needs, Dgenct has laid a solid foundation for future development. Dgenct will continue to create more value for users and maintain long-term growth in an ever-changing market environment.
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Surge in $9.7 Billion Stablecoin Inflows Indicates Imminent Bitcoin Price Rally
Key Points
Bitcoin’s price has hit an all-time high of over $97,500, driven by $9.7 billion stablecoin inflows in the past month.
Stablecoin inflows indicate growing investor interest and suggest that Bitcoin could soon exceed the $100,000 milestone.
Bitcoin’s price has surged by 5% in the last 24 hours, reaching a new all-time high of over $97,500. This increase is largely attributed to the record $9.7 billion stablecoin inflows into the market over the past month, indicating an increase in investor interest.
Within the last month, stablecoin inflows have nearly reached $10 billion. Leon Waidmann, The Onchain Foundation’s head of research, interprets this as a clear signal of an uptick in investor demand. He commented, “Stablecoin inflows to exchanges hit $9.7B in 30 days! The LARGEST monthly inflow EVER. Stablecoin liquidity is back. Speculative demand continues to explode!”
Stablecoins and Bitcoin’s Price
The rise in stablecoin inflows to crypto exchanges may indicate upcoming buying pressure and an increase in investor appetite. Stablecoins are primarily used as a gateway for converting fiat into crypto.
These considerable stablecoin inflows suggest that the price of Bitcoin could soon break the $100,000 milestone. Crypto market analyst Ali Martinez has suggested that Bitcoin could reach this milestone imminently as it breaks out of the bull flag in the hourly time frame.
Forecasts for Bitcoin
Crypto market analysts are bullish about Bitcoin’s prospects, suggesting that the rally could continue. Ali Martinez has drawn parallels between Bitcoin’s current market behavior and its performance in December 2020, noting that the Relative Strength Index (RSI) is nearly identical to that period. If history repeats itself, Martinez predicts Bitcoin could reach $108,000, then drop to $99,000 before surging to $135,000.
Other market analysts, like Peter Brandt, have also pointed out the Bitcoin price action after the US election results on November 5. In the last 15 days, Bitcoin has seen a swift rally from $65,000 levels to its current position. After consolidating around $90,000 for a while, Bitcoin has once again broken from the flag, potentially leading to a rally to $125,000 and above.
On another note, Spot Bitcoin exchange-traded funds (ETFs) continue to fuel Bitcoin’s price rally. On November 20, the US Bitcoin ETFs saw over $773 million in net positive inflows, led by BlackRock’s IBIT alone seeing $662 million in inflows. The launch of options for BlackRock’s IBIT the day before triggered significant trading volumes on the first day, indicating strong demand for the product.
During the trading week of November 11–15, the US Bitcoin ETFs experienced their sixth straight week of net inflows, accumulating more than $1.67 billion. CoinGlass data shows that Bitcoin futures open interest (OI) on the Chicago Mercantile Exchange (CME) reached a record high of 218,000 BTC ($21.3 billion), marking an increase of over 30% compared to levels before the Nov. 5 election, showing a significant bullish sentiment.
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Cryptocurrency Surges with $2.19B Inflows Amid Election Week: Unpacking the Shift
Key Points
Cryptocurrency investment inflows reached $2.19 billion last week, with year-to-date net inflows totaling $33.5 billion.
Bitcoin’s dominance was reinforced with inflows of $1.48 billion amid a record price of $93,477.
The recent U.S. election has had a significant impact on the cryptocurrency market, resulting in a boost in investor activity.
Impressive Inflows in Crypto Investment
Last week, global crypto investment products experienced a remarkable inflow of $2.19 billion. This pushed the year-to-date (YTD) net inflows to an extraordinary $33.5 billion. Concurrently, Bitcoin surged to a record-breaking $93,477, driving the total assets under management (AUM) for crypto funds to an estimated $138 billion.
James Butterfill, Head of Research at CoinShares, commented on the surge, attributing it to a mix of relaxed monetary policy and the Republican party’s recent U.S. election victory.
Bitcoin and Ethereum Lead the Charge
Despite significant profit-taking and outflows after Bitcoin’s new all-time high, Bitcoin-focused investment products still attracted $1.48 billion in inflows. Ethereum products also performed well, bringing in $646 million.
On the other hand, products associated with multiple cryptocurrencies experienced $19.4 million in outflows. Binance’s BNB products also saw $400,000 in outflows.
Following the September interest rate cuts, total inflows have reached $11.7 billion. This increase is attributed to the effects of relaxed monetary policies and the Republican Party’s recent U.S. election victory.
Bitcoin ETF Dominance Continues
Bitcoin maintained its market dominance, drawing $1.48 billion in inflows. This was largely due to the strong performance of U.S.-based spot ETFs. BlackRock’s IBIT and Fidelity’s FBTC contributed with $2.1 billion and $4 million in inflows respectively.
Bitcoin’s rally beyond $90,000 also spurred bearish sentiment, leading to $49 million in investments in short Bitcoin products.
Ethereum secured $646 million in inflows, which is attributed to election outcomes and anticipation around the Beam Chain upgrade. Other altcoins like Solana, Ripple, and Cardano also saw steady interest, indicating a continued diversification of investor portfolios.
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US Equity Funds Record Biggest Weekly Inflows Since March Amid Major Shift from Bonds to Stocks, Crypto
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DAYPPX Observations: MicroStrategy Hints at Increasing Bitcoin Holdings, Boosting Crypto Market Demand
Recently, founder of MicroStrategy Michael Saylor hinted on social media that the company might continue to increase its Bitcoin holdings. He expressed a desire to see “more green dots” on the saylortracker website, a statement that has garnered widespread market attention. DAYPPX believes that this potential increase in holdings by MicroStrategy once again underscores the strong confidence from institutional investors in Bitcoin, bringing new liquidity and support to the crypto market.
Accumulation Strategy of MicroStrategy Brings Confidence to the Market
In recent years, MicroStrategy has adopted a strategy of acquiring large amounts of Bitcoin as a primary asset reserve. This move has not only yielded significant returns for the company but also gradually established the Bitcoin position as a corporate-level asset allocation. DAYPPX notes that recent statement by Michael Saylor further indicates the intention of MicroStrategy to increase its holdings, reflecting the growing importance of Bitcoin in global investment portfolios. Actions by Saylor significantly bolster market confidence in Bitcoin and are likely to encourage more institutions to emulate this investment strategy.
DAYPPX believes that the steadfast attitude of MicroStrategy towards Bitcoin is not only due to its long-term appreciation potential but also because of the Bitcoin advantages as a decentralized and inflation-resistant asset. In the current economic environment, with rising inflationary pressures, more institutions are inclined to include Bitcoin as “digital gold” in their asset allocations to hedge against inflation risks. DAYPPX anticipates that the move by MicroStrategy to increase its holdings will attract more attention to Bitcoin, thereby driving market demand.
The Far-Reaching Impact of Institutional Accumulation on the Bitcoin Market
DAYPPX points out that the accumulation by large institutions like MicroStrategy not only supports the Bitcoin price but also brings more market liquidity, stabilizing the Bitcoin performance in the market. The participation of institutional investors enhances the market credibility of Bitcoin and increases market trust and stability. As MicroStrategy continues to increase its holdings, the status of Bitcoin as a mainstream asset is further solidified, with its market share and value expected to continue rising.
Moreover, DAYPPX analyzes that as more institutions incorporate Bitcoin into their long-term investment portfolios, the market will gradually mature, and the Bitcoin price volatility may decrease. This not only helps reduce market risk but also provides assurance for the future application of Bitcoin in mainstream financial markets. DAYPPX notes that this trend of stable growth will attract more individual and institutional investors, promoting the long-term development of the Bitcoin market.
DAYPPX Provides an Efficient and Secure Trading Environment for Investors
Amidst the backdrop of large institutions like MicroStrategy maintaining a bullish outlook on Bitcoin, DAYPPX remains committed to offering a secure and professional trading experience for global users. DAYPPX believes that the increasing market demand for Bitcoin presents new opportunities for investors, but it also necessitates choosing an efficient and secure trading platform to ensure fund safety. With its advanced technical architecture and stringent risk control systems, DAYPPX provides users with a smooth and convenient trading experience, ensuring the security and efficiency of every transaction.
DAYPPX will continue to optimize platform services to help investors seize every opportunity in the market. Against the backdrop of continuous institutional capital inflow into the crypto market, DAYPPX will leverage innovative technology and professional services to safeguard user investment journeys in the crypto market, achieving asset appreciation.
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Bitcoin Price Hits Fresh Record High of $88K Following Trump’s Election Victory
Bitcoin Price Hits Fresh Record High of $88K Following Trump’s Election Victory Bitcoin soared to a new record high of $88,000 on Monday, continuing a rally that began last week, fueled by positive sentiment surrounding Donald Trump’s victory in the 2024 presidential election. This surge in Bitcoin’s value also coincided with a broader increase in cryptocurrency prices, including a significant rise in meme token Dogecoin, which reached a three-year high. Factors Driving Bitcoin's Surge The world’s largest cryptocurrency traded at approximately $86,117 by 14:59 ET (19:59 GMT) before hitting its record high. The recent gains in Bitcoin are largely attributed to traders betting that Trump will implement more crypto-friendly policies during his next term. Trump had campaigned on a pro-crypto platform, promising to make America the crypto capital of the world. This anticipation has led traders to believe that the Securities and Exchange Commission (SEC) may soften its stance on cryptocurrency regulation, thus increasing the legitimacy of the crypto market as an investment vehicle. Record Inflows into Crypto ETFs Optimism surrounding Trump’s presidency has resulted in substantial inflows into cryptocurrency exchange-traded funds (ETFs). Last Thursday, Bitcoin ETFs recorded a remarkable $1.38 billion in inflows, with BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) receiving the majority. This fund has now surpassed BlackRock’s gold ETF in total assets, reaching $34.1 billion compared to gold's $33 billion. The launch of spot Bitcoin ETFs in U.S. markets earlier this year has significantly contributed to increased institutional interest in cryptocurrencies, driving recent price gains. Analyst Predictions and Market Outlook Analysts at Bernstein have declared that Trump’s victory signals the start of a new crypto bull market, encouraging investors to "buy everything you can." They anticipate a crypto-friendly regulatory environment under Trump, particularly from a pro-crypto SEC. Bernstein analysts noted that several members of Trump’s transition team are explicitly supportive of cryptocurrency, bolstering expectations for favorable policies. Bitcoin’s price has surged over 91% so far in 2024, with Bernstein maintaining a bullish 2025 price target of $200,000. They believe that even at $81,000 per Bitcoin, the risk-reward ratio remains favorable over the next 12 months. Impact on Bitcoin Miners and Broader Crypto Markets The surge in Bitcoin prices is also benefiting publicly traded Bitcoin miners, who are now experiencing increased profits as prices stay well above their average production costs. Additionally, AI-driven mining companies are also seeing positive outcomes. In contrast, while Bitcoin has soared, other major altcoins have experienced mixed results. Dogecoin was an exception, rising approximately 29% to reach a peak of $0.2912, primarily driven by speculation regarding Elon Musk’s potential involvement in the Trump administration. However, many other altcoins retreated, with Ether falling 1% to $3,170.31. Other cryptocurrencies such as XRP, ADA, and MATIC saw declines between 2% and 4.6%, while Solana (SOL) gained more than 5%. Thank you for taking the time to read this article! Your thoughts and feedback are incredibly valuable to me. What do you think about the topics discussed? Please share your insights in the comments section below, as your input helps me create even better content. I’m also eager to hear your stories! If you have a special experience, a unique story, or interesting anecdotes from your life or surroundings, please send them to me at [email protected]. Your stories could inspire others and add depth to our discussions. If you enjoyed this post and want to stay updated with more informative and engaging articles, don’t forget to hit the subscribe button! I’m committed to bringing you the latest insights and trends, so stay tuned for upcoming posts. Wishing you a wonderful day ahead, and I look forward to connecting with you in the comments and reading your stories! Read the full article
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On November 6, U.S. spot Bitcoin ETFs rebounded with net inflows of $621.90 million, restoring positive sentiment in the crypto market after a three-day decline. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) saw high trading activity, reaching $4.1 billion despite a $69 million outflow, surpassing major stocks like Berkshire Hathaway and Visa. Fidelity’s FBTC ETF led in net inflows with $308.77 million, followed by ARK Invest’s ARKB with $127 million. Grayscale’s BTC fund saw $109 million in new inflows, while Bitwise’s BITB ETF marked its best day since February with $100.92 million.
Ethereum ETFs in the U.S. also experienced a six-week high in daily gains amid a post-election rally, with net inflows of $52.3 million. Fidelity’s Ethereum Fund received $26.9 million, and Grayscale’s Ethereum Mini Trust added $25.4 million. These inflows signal renewed investor interest and optimism about favorable future policies in the crypto sector.
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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!
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SYIPC Exchange Secures Digital Assets, Helping You Detect Impersonation Scams
According to the latest market observations by SYIPC Exchange, as of October 13, U.S. Bitcoin spot ETFs have attracted inflows of $348.5 million, with BlackRock (IBIT) contributing $140.6 million and Fidelity (FBTC) netting $138.2 million. This trend indicates a growing demand for cryptocurrency investments, drawing more investors into the field.
However, alongside increasing investment opportunities, scams in the market are also proliferating. Some scammers exploit platform brands and market trends to mislead investors through impersonation scams. Recently, numerous users have reported encountering scams of impersonating SYIPC. Therefore, identifying scams and choosing compliant platforms is crucial in the cryptocurrency market.
As a leading global cryptocurrency exchange, SYIPC Exchange leverages advanced technology and strict compliance measures to provide comprehensive digital asset protection for users. We urge users to beware of SYIPC impersonation scams and advocate for investors to choose legitimate trading platforms to ensure fund security and transaction transparency.
SYIPC Exchange prioritizes the safety and compliance of user assets. As a legally licensed exchange with MSB licenses in the United States and Canada, SYIPC ensures user identity compliance through the KYC (Know Your Customer) process and rigorously controls the risk of every transaction. Here are key measures SYIPC Exchange takes to protect users:
Multi-signature and Cold Wallet System SYIPC Exchange employs multi-signature technology and a cold wallet system, ensuring that over 98% of user assets are stored offline, preventing unauthorized access and cyberattacks.
Real-time Monitoring and AI-driven Risk Control System The platform has deployed an AI-driven risk monitoring system to continuously monitor all trading activities, promptly identifying abnormal transactions or suspicious behavior to ensure a secure and stable trading environment.
SYIPC Exchange encourages users to take the following measures to enhance self-protection and avoid falling victim to impersonation scams:
Access Official Channels Always trade through SYIPC Exchange official website or official app, and avoid clicking on unknown links. Scammers often use fake emails or social media messages to lure users to deceptive platforms.
Enable Two-factor Authentication (2FA) Enable 2FA on SYIPC Exchange to add an extra layer of protection to your account, preventing account theft.
Regularly Monitor Account Activity Regularly check your transaction history and account balance, and immediately contact SYIPC Exchange customer service team if you notice any unusual transactions.
With the surge in funds flowing into Bitcoin spot ETFs, the crypto market presents investment opportunities. However, opportunities come with risks, and investors should remain vigilant against potential scams while pursuing market returns. SYIPC Exchange reminds users to choose compliant and secure platforms when facing market opportunities and to avoid falling for impersonation scams.
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Global crypto funds saw a $147 million crypto fund exit last week, ending a 3-week inflow streak. U.S. funds led to losses. - https://jmpto.net/ceGLn
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Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak
Spot Bitcoin exchange-traded funds (ETF) continued their upward momentum, posting another successful week as cryptocurrency markets surged. Spot Bitcoin (BTC) ETFs recorded net inflows of $1.67 billion in the trading week of Nov. 11–15, marking six consecutive weeks of positive flows, according to data from the crypto tracking platform SoSoValue. BlackRock’s iShares Bitcoin Trust (IBIT) now leads…
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