Category: etfs

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Ethereum Faces Resistance Amidst Market Gains: Justin Sun’s Activity And ETF Launch Awaited

Despite a 2.5% gain today, Ethereum is grappling with formidable resistance levels, particularly in the range of $3,170 to $3,270. This resistance zone is significant, as it is backed by 1.63 million addresses holding a collective 4.45 million ETH.  #Ethereum encounters strong resistance between $3,170 and $3,270, with 1.63 million addresses holding 4.45 million $ETH. Breaking past this barrier could propel #ETH toward $3,650! pic.twitter.com/Ko74nHdpTj — Ali (@ali_charts) April 23, 2024 Surpassing this hurdle could potentially propel ETH towards the $3,650 mark, offering traders and investors a bullish outlook. Currently, Ethereum is trading at $3,253, reflecting the ongoing battle between

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Bitcoin Sees Upsurge To $67,000 Amidst Whales’ Accumulation

Bitcoin experienced a notable upsurge in the past 24 hours, reaching a high of $67,000, buoyed by strong support from key whale tier holders with holdings ranging from 1,000 to 10,000 BTC.  🐳 #Bitcoin’s key whale tier holding 1K-10K $BTC are supporting this rise, and have now accumulated 266K more $BTC since the start of 2024. This translates to an accumulation of 1.24% of the entire supply. The crowd is also showing a high degree of #FOMO. https://t.co/fNSTOERzXo pic.twitter.com/qaJmQJfFca — Santiment (@santimentfeed) April 24, 2024 These whales have steadily accumulated an additional 266,000 BTC since the beginning of 2024, amounting

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Market Sentiment Sours Despite ETF Approval: Bitcoin Holders Stand Firm

Trader optimism soared following the approval of spot Bitcoin and Ethereum ETFs in Hong Kong. However, the initial reaction was less than stellar, with Bitcoin experiencing a -6% drop in value. 🇭🇰 Trader optimism is high after #HongKong approved spot #Bitcoin & #Ethereum #ETF’s today. Unsurprisingly, though, the initial market impact has been negative, with $BTC dropping -4.5% since the news hit the public. When #FOMO dies down, expect a bounce. https://t.co/aJypD7nAi7 pic.twitter.com/TIFy0T1IPF — Santiment (@santimentfeed) April 15, 2024 Despite market volatility over the weekend, Bitcoin key stakeholders have shown resilience, holding onto their positions. Notable whale groups have been actively accumulating

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Ethereum Sees 6% Surge As Whales Return Amid ETF Approvals

In a significant uptick, the price of Ethereum ($ETH) has surged by 6% in the past 24 hours, reflecting renewed investor interest and market optimism. Following the approval of spot Bitcoin and Ethereum ETF applications in Hong Kong, AI Bot’s analysis on Spotonchain has identified the return of 8 whales who had previously profited from ETH.  Shortly after Hong Kong approved spot #Bitcoin and #Ethereum ETF applications, our AI Bot detected 8 whales who had previously earned from $ETH returning to buy $ETH on-chain. Together, they spent a total of $31.88M in $USDT and $USDC to purchase 9,787 $ETH at

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South Korea’s Democratic Party to Introduce ETF and Digital Finance Reforms

South Korea's Democratic Party to Introduce ETF and Digital Finance ReformsSouth Korea’s Democratic Party of Korea (DPK) is eager to relax regulations on exchange-traded funds (ETFs), including those tied to spot bitcoin, despite resistance from the People Power Party (PPP). Although election concerns have temporarily halted the initiative, a crucial poll is set for April 10, and the parliament is predominantly controlled by the DPK-led […]

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Bitcoin Market Observers Remain Cautious As Price Movement Slows

As the bitcoin market continues to exhibit signs of consolidation following a dynamic start to the year, industry observers are closely monitoring key indicators to gauge the cryptocurrency’s future trajectory. Despite hovering near its all-time highs, bitcoin has struggled to maintain crucial support levels in recent trading sessions. Renowned analyst Ali Martinez recently highlighted a potential head-and-shoulders formation on bitcoin’s 30-minute chart. Martinez suggests that if bitcoin manages to sustain its position above the 200EMA and surpasses the neckline resistance at $71,580, it could signal a bullish trend reversal. In such a scenario, investors could anticipate a potential price increase

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Fidelity Pursues Ethereum ETF Despite Potential SEC Hurdles

Fidelity Investments has taken a bold step in the cryptocurrency market by submitting a Form S-1 for a proposed spot Ethereum exchange-traded fund (ETF) with staking capabilities, according to recent SEC filings. This move underscores Fidelity’s commitment to expanding its presence in the burgeoning digital asset space. Fidelity filed a Form S-1 for a proposed spot Ethereum ETF that includes a staking feature, according to SEC filings. Bloomberg analyst James Seyffart said that he still believes that this round of spot Ethereum ETF applications will ultimately be rejected in May.… — Wu Blockchain (@WuBlockchain) March 27, 2024 However, Bloomberg analyst

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Ark Invest Shifts Portfolio, Swaps Coinbase and Robinhood for Newly IPO’d Reddit Shares

Ark Invest Shifts Portfolio, Swaps Coinbase and Robinhood for Newly IPO'd Reddit SharesOn Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s […]

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Grayscale Ethereum Trust Discount Narrows Amid ETF Approval Uncertainty

The Grayscale Ethereum Trust (GET) is making headlines once again as its discount narrows to -20%, a level not seen since November 2023. This development comes amidst growing uncertainty surrounding the potential approval of a spot Ethereum exchange-traded fund (ETF) in May. GRAYSCALE ETHEREUM TRUST DISCOUNT HITS -20% The discount on the Grayscale Ethereum Trust has decreased to -20%, marking its lowest level since November 2023. This decline in discount comes amid waning optimism for the approval of a spot Ethereum ETF by May. Traders’ lack of… pic.twitter.com/IJrUuKZUVh — Crypto Town Hall (@Crypto_TownHall) March 20, 2024 Investors, seemingly less optimistic

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