Category: etfs

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Bitcoin Reaches New All-Time High Amid Dormant Coins Resurgence

Bitcoin surged to yet another all-time high, reaching $72,764, signaling a robust bull market. Notably, a significant influx of dormant coins is re-entering circulation, reinforcing the bullish sentiment. Despite the remarkable price performance, discussions surrounding Bitcoin remain relatively subdued, suggesting potential for further price gains. 🥳📈 #Bitcoin has hit another #AllTimeHigh of $72,764. Massive dormant coins are moving back into circulation, which is a primary validator of a #bullmarket. $BTC discussions are low relative to price performance, a sign that prices can continue climbing. https://t.co/LEXPRQg6uc pic.twitter.com/LP1nAyhGz3 — Santiment (@santimentfeed) March 11, 2024 The average age of investments has seen a

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Blackrock Explores Bitcoin ETP Investments for Global Allocation Fund

Blackrock Explores Bitcoin ETP Investments for Global Allocation FundIn a significant development, Blackrock, the world’s largest asset manager, has amended its prospectus for the Blackrock Global Allocation Fund to potentially include investments in bitcoin exchange-traded products (ETPs). This move, filed with the U.S. Securities and Exchange Commission (SEC), signals a new avenue for traditional investors to gain exposure to the digital asset market. […]

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Bitcoin Wallet Distribution Shifts Amid ETF Adoption, Bitcoin To Hit 63,000 By March 2024

Recent data highlights significant shifts in the distribution of Bitcoin across various sized on-chain wallets, coinciding with the increasing popularity of ETFs. According to insights from Santiment feeds, the past 30 days have seen notable changes: – There has been a 7.4% increase, equating to 147 more wallets, holding at least 1,000 BTC compared to the previous month. – Conversely, there has been a reduction of 509,000 wallets holding less than 1 BTC, marking a 1.0% decrease. – Similarly, there are now 1,237 fewer wallets holding 1-1,000 BTC, reflecting a 0.1% decline compared to last month. 📊 #Bitcoin’s various sized

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Ethereum Surpasses $2250 Mark Amidst Deposit Reports By Celsius And FTX

Ethereum, the second-largest cryptocurrency by market capitalization, has surged past the $2250 mark, currently trading at $2266 with a 2% increase over the past 24 hours.  This upward momentum comes despite recent reports indicating significant deposits by Celsius and FTX to centralized exchanges (CEXs). Spotonchain’s on-chain reports reveal that Celsius and FTX collectively transferred $59.06 million in 6 assets to CEXs in the recent hours. Celsius, in particular, moved 22,500 $ETH ($50.78 million) to Coinbase at $2,257, significantly reducing its ETH holdings to around 39,969 $ETH ($90.9 million). Meanwhile, FTX and Alameda withdrew $8.28 million in 6 assets, including $ETH,

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Cryptocurrency Market Faces Concerning Declines As Bitcoin ETF Approvals Trigger Market Dynamics

The cryptocurrency market has experienced notable declines, revealing a -7.5% drop in total market caps over the past week, according to data from Santiment. The recent approval of the first 11 Spot Bitcoin ETFs by the SEC on January 10 has led to a ‘buy the rumor, sell the news’ scenario, though it’s early to draw definitive conclusions. If traders succumb to panic, triggering significant sell-offs and fostering a bearish sentiment, it could set the stage for a potential market bounce. 📉 #Crypto continues seeing concerning declines with the totality of market caps we track now down -7.5% in the

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Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023 

Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023 A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve the projected $2,500 target, […]

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