Bitcoin ETFs shed $1.3B over 2 weeks amid market slump
Bitcoin ETFs have seen outflows of $1.3 Bitcoin in the last two weeks of trading, but analysts expect markets to rally higher in the coming months. Go to Source
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SEC drops investigation into Ethereum: Law Decoded
A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees. Go to Source
SEC drops Ethereum investigation to avoid ‘embarrassing’ court case
Gary Gensler’s SEC has halted its investigation into whether Ether is a security. What could have motivated the SEC withdrawal, and is the fight over? Go to Source
Ethereum (ETH) price fails to rally in the face of good news — Here is why
Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening. Go to Source
Solana slumps to 45-day low — Will SOL price bounce at $130?
SOL price weakness can explained by Solana Network’s activity and lack of appetite from derivatives traders. Go to Source
Digital asset funds see biggest weekly outflow since March
According to data from a CoinShares report, weekly total outflows for digital asset funds hit $600 million on June 14. Go to Source
Bitcoin Holdings By Large Wallets Reach 2-Year High Amid Market Dynamics
Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value. Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022. … Read more
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The … Read more
Bitcoin Sees Surge In Buying Interest Amid Volatile Market Movements
Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months. This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets. There are two primary ways FOMO and greed manifest in Bitcoin trading: 1. Price Surges: Traders rush … Read more
Bitcoin ETFs sucked up 2 months of BTC mining supply last week
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May. Go to Source
