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Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market Shifts

Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market ShiftsTwenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $1 billion milestone, while […]

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Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday

Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly 5M Exited MondayAt the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC Leads Outflow as Bitcoin ETFs See Continued Decline On Monday, another day of outflows hit […]

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Summer Consolidation to Precede US Election ‘Fireworks’ in Crypto Markets, Says QCP Capital 

Summer Consolidation to Precede US Election ‘Fireworks’ in Crypto Markets, Says QCP Capital Despite several bullish indicators, including a significant bitcoin purchase by Microstrategy and optimistic projections by notable figures, bitcoin’s price action remains subdued. Market analysts at QCP Capital shed light on the underlying factors contributing to this paradox. Bullish Signs Clashing With Market Realities In its market commentary, QCP Capital mentioned how Microstrategy expanded its BTC […]

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The Memecoin Frenzy Has Ignited a Scalability Arms Race

The Memecoin Frenzy Has Ignited a Scalability Arms RaceFollowing a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels. Amidst this growth, one category-defying group of tokens has witnessed persistent success regardless of the current market backdrop: memecoins. Known […]

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39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon

39% of Family Offices Investing or Exploring Cryptocurrencies: BNY MellonThe 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class. These offices are motivated by the desire to stay abreast of new investment […]

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QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs

QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFsCrypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. Notably, major […]

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Fidelity Digital Assets ‘Signals’ Report Revises Bitcoin Outlook to ‘Neutral’

Fidelity Digital Assets ‘Signals’ Report Revises Bitcoin Outlook to ‘Neutral’The latest quarterly report from Fidelity Digital Assets (FDA) Research reveals key insights into the bitcoin and ethereum markets as of Q1 2024. With a detailed analysis of market conditions and future outlooks, FDA’s research report provides several predictions for short and long-term trends. Fidelity Digital Assets Spotlights Bitcoin and Ethereum Market Shifts in New […]

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