Tokyo’s Metaplanet Grows Its Bitcoin War Chest to $45 Million

October 12, 2024 Bitcoin.com

Bitcoin

Metaplanet, a company listed on the Tokyo Stock Exchange, has bolstered its bitcoin (BTC) holdings with the purchase of an additional 108.99 BTC. Following this recent acquisition, the Japanese investment firm now boasts a total of 748.50 BTC in its reserves. A ¥1 Billion Bitcoin Bet: Why Metaplanet Isn’t Slowing Down Dubbed the ‘Japanese Microstrategy,’ […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Hong Kong Bitcoin ETFs top $250M AUM

August 24, 2024 Coin Telegraph

Asset Management

For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.

Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have surpassed 2 billion Hong Kong dollars (roughly $256 million) in assets under management (AUM).

The Hong Kong Bitcoin (BTC) ETFs have had a relatively slow start compared to their United States counterparts.

According to data from SoSo Value, the three spot BTC ETFs in Hong Kong experienced a net inflow of approximately 247 BTC in the past week, bringing their total holdings to around 4,450 BTC. The total AUM for the ETFs now stands at around HK$2.1 billion ($269 million).

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Crypto VCs see ‘big opportunities’ with L2 interoperability, but not AI

August 19, 2024 Coin Telegraph

Coin Telegraph

Cointelegraph spoke to VCs to find out which sectors they’re currently interested in, as investments increased in Q2.

Layer-2 blockchains and infrastructure projects are among the big winners as blockchain venture capital (VC) spending rose to $2.7 billion in the second quarter of 2024.

Decentralized social media, decentralized physical infrastructure networks and decentralized science are some of the hot areas currently gaining traction.

However, some big-name VCs are starting to cool on artificial intelligence after revenue and demand failed to materialize.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Microstrategy’s Bitcoin Holdings Catch Up to Theoretical Ether Profits Without Staking

August 17, 2024 Bitcoin.com

Bitcoin

After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, the gap […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Spot Bitcoin ETFs attract investor interest despite August outflows

August 17, 2024 Coin Telegraph

Bitcoin market trends

The positive inflows into ETFs from major players like Fidelity and BlackRock highlight the growing confidence in the investment vehicles.

United States-based spot Bitcoin exchange-traded funds (ETFs) have continued to attract investor interest despite outflows earlier in August.

On Aug. 16, data from SoSoValue revealed that the total weekly net inflow for spot Bitcoin (BTC) ETFs reached $32.58 million, in contrast to the outflows seen in the previous weeks. On Aug. 2, the net outflow for spot Bitcoin ETFs was $80.69 million, while on Aug. 9, the outflow reached $169 million.

However, the total net inflow for spot Bitcoin ETFs on Aug. 16 reached $36 million despite outflows of $72.9 million from the Grayscale Bitcoin Trust on the same day. While GBTC has been experiencing a continuous hemorrhage of funds, other spot Bitcoin ETFs are seeing regular inflows.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin trading volume recorded post-halving ATH as crypto market bled

August 6, 2024 Coin Telegraph

Bitcoin Trader

Bitcoin trading volumes reached unprecedented levels amid the market turmoil, while crypto hackers capitalized on discounted Ether.

Bitcoin transactions on crypto exchanges skyrocketed amid turbulent market conditions, marking a new all-time high in trading volume in the fourth cycle of Bitcoin halving.

On Aug. 5, numerous crypto traders suffered huge losses after having their positions liquidated due to falling prices of prominent cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL). As a result of the commotion, some crypto investors sold their Bitcoin holdings to minimize losses, while others chose to purchase the heavily discounted BTC at the $50,000 range.

According to Blockchain.com data, the total United States dollar value of trading volume on major Bitcoin exchanges exceeded $1.14 billion on Aug. 6, as shown below.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Grayscale Ethereum ETF outflows exceed $2B

August 3, 2024 Coin Telegraph

Grayscale Ethereum ETF outflows exceed B

Coin Telegraph

While Grayscale’s spot Ether ETF experienced substantial outflows, other ETFs are showing different trends.

United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion.

According to data from SoSoValue, the total net outflows from spot Ether (ETH) ETFs exceeded $54 million on Aug. 2. A significant portion of the outflows came from ETHE, which saw a single-day net outflow of over $61 million.

ETHE has been a prominent player in the market offering investors exposure to Ethereum without the need to directly purchase and store the cryptocurrency since 2017.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

US Bitcoin ETFs see record $17B in net inflows

July 21, 2024 Coin Telegraph

Bitcoin ETFs

The consistent inflows into Bitcoin spot ETFs signal a robust and growing demand for regulated Bitcoin investment vehicles.

In a landmark achievement, US Bitcoin spot exchange-traded funds (ETFs) have cumulatively netted over $17 billion in inflows, setting a new record.

According to data monitored by Farside Investors, the net inflows were driven primarily by BlackRock's IBIT, which alone accumulated $18.968 billion. Fidelity’s FBTC also contributed significantly, with net inflows of $9.962 billion.

Conversely, Grayscale’s GBTC experienced a substantial net outflow of $18.694 billion, highlighting a shifting preference among investors. On July 17, the 11 US spot Bitcoin (BTC) ETFs recorded a total daily net inflow of $53.35 million, marking the ninth consecutive day of positive inflows.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin and Ether lead $17.8B crypto inflows

July 15, 2024 Coin Telegraph

Bitcoin and Ether lead .8B crypto inflows

Bitcoin Price

Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.

Inflows into digital asset investment products have hit a new record of over $17.8 billion year-to-date (YTD), pointing to the start of a potential crypto market recovery.

The new record comes after cryptocurrency investment products saw a total of $1.44 billion worth of inflows last week.

According to CoinShares data, the year-to-date inflows for 2024 have reached $17.8 billion, significantly surpassing the previous record of $10.6 billion set in 2021.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Ethereum ETF inflows could hit $10B, sending ETH to new highs — analyst

July 11, 2024 Coin Telegraph

Ethereum ETF inflows could hit B, sending ETH to new highs — analyst

Coin Telegraph

Expect ETH’s spot price to be more responsive to ETF inflows than BTC’s, says crypto investment manager Tom Dunleavy.

Ethereum exchange-traded funds (ETFs) will attract up to $10 billion in new inflows in the months after launch and send Ether (ETH) prices soaring to all-time highs by the end of the year, Tom Dunleavy, a managing partner at crypto investment firm MV Global, told Cointelegraph.

“We saw $15 billion in flows for Bitcoin. I think we’re probably going to see $5 to $10 billion for Ethereum,” Dunleavy said. “I expect a very positive price impact sending us to new all-time highs by early Q4.”

Eight spot ETH ETFs are awaiting a final signoff from United States regulators and are widely expected to begin trading imminently, possibly as soon as this month. The funds will join an existing roster of around a dozen Bitcoin (BTC) ETFs, which started trading in January. Collectively, BTC ETFs currently manage approximately $15.9 billion.

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