Category: etfs
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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
The post Cryptocurrency Market Faces Concerning Declines As Bitcoin ETF Approvals Trigger Market Dynamics appeared first on The Merkle News.
Crypto funds see largest weekly inflows in more than a year: CoinShares
Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares.
An ETF will bring a revolution for Bitcoin and other cryptocurrencies
A Bitcoin ETF is on the cusp of receiving approval in the United States — and it may not be long before we see one in Hong Kong or elsewhere in Asia.
BlackRock’s misguided effort to create ‘Crypto for Dummies’
Crypto doesn’t need BlackRock’s Bitcoin ETF. It undermines the basic tenets of cryptocurrency — from banking the unbanked to reducing global oppression.
Bitcoin ETFs: Even worse for crypto than central exchanges
Want some worthless “paper” Bitcoin? With the rise of Bitcoin ETFs, you might soon have the chance to invest in something as worthless as the U.S. dollar.
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Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
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Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand
The daily trading volume of all Hong Kong crypto exchange-traded funds averaged about $1.19 million between December and early February.
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