Singapore Exchange CEO Discusses Future of Crypto Listings

July 10, 2024 Bitcoin.com

bitcoin.com

Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means governance, that really means structure.” Despite global trends and institutional pressure, Loh asserts that current conditions are […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

Blackrock’s IBIT Leads as Spot Bitcoin ETFs See $73M in Daily Net Inflow

June 29, 2024 Bitcoin.com

Blackrock’s IBIT Leads as Spot Bitcoin ETFs See M in Daily Net Inflow

Ark Invest

Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

Bitcoin price drop below traders’ cost basis warns of deeper sell-off

June 26, 2024 Coin Telegraph

Bitcoin Price

Bitcoin’s price fell below traders’ average entry point, leading analysts to caution that the current sell-off could continue.

Bitcoin’s (BTC) price has experienced mounting sell-side pressure, causing it to shed more than 5.5% over the last seven days and setting a six-week low at $58,400 on June 25. During this sell-off, BTC dropped below its short-term cost basis, risking a deeper correction, according to market intelligence firm Glassnode.

“Since mid-June, the spot price has plunged below the cost basis of both the 1w-1m holders($68.5k) and 1m-3m holders ($66.4k),” Glassnode wrote in its “Week On-chain” newsletter published on June 25.

Bitcoin short-term holder (STH) cost basis — or realized price — is a metric that represents the average acquisition price of BTC for investors who are considered short-term holders, typically defined by the movement of coins that have been held for less than 155 days.

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

Blackrock’s Cohen Discusses Financial Advisors’ Cautious Approach to Spot Bitcoin ETFs

June 18, 2024 Bitcoin.com

Bitcoin

Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns. “Their job is really to construct portfolios and do the risk analysis and due diligence,” the executive stressed. “They’re doing that right now.” ‘This Journey That […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs

June 1, 2024 Bitcoin.com

Bitcoin

JPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower demand compared to bitcoin ETFs. The global investment bank also cautions that approximately $1 billion may exit the Grayscale Ethereum Trust, putting downward pressure on ether prices shortly after the launch of spot ethereum ETFs. ‘Initial Market Reaction to […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

US Spot Bitcoin ETFs Maintain Momentum With Sixth Day of Positive Gains

May 21, 2024 Bitcoin.com

Ark Invest

According to the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) have experienced positive inflows for six consecutive days. Over this period, the spot bitcoin ETFs attracted a total of $1.186 billion. Ark Invest’s ARKB Tops Inflows as U.S. Bitcoin ETFs Gain $237 Million Spot bitcoin ETFs in the U.S. continued their streak of positive […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth $36 Billion in 128 Days

May 19, 2024 Bitcoin.com

10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth Billion in 128 Days

Bitcoin (BTC)

According to recent data, the ten spot bitcoin exchange-traded funds (ETFs), excluding Grayscale’s Bitcoin Trust (GBTC), acquired 548,556.62 BTC from the market over the last 128 days. This acquisition means the ten newly introduced spot bitcoin ETFs collectively hold 2.78% of the crypto asset’s current circulating supply. Besides Grayscale’s Pre-Existing Fund, Blackrock’s IBIT Leads New […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift

May 17, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine months, driven by factors such as the recent Bitcoin halving event and […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings

May 16, 2024 Bitcoin.com

Bitcoin

According to 13F filings with the U.S. Securities and Exchange Commission (SEC), Millennium Management, a highly successful hedge fund, holds nearly $2 billion in spot bitcoin exchange-traded fund (ETF) shares. This week, it was further revealed that Morgan Stanley, a giant multinational investment and financial services firm, also has exposure to spot bitcoin ETFs. Top […]

‘Insane Bubble’ Coming to Crypto Assets Amid Memecoin Bottoming Phase, According to Economist Henrik Zeberg

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

May 16, 2024 Bitcoin.com

Bitcoin (BTC)

Salim Ramji, the new CEO of Vanguard and former head of Blackrock’s global ETF business, has affirmed the company’s position against launching a spot bitcoin exchange-traded fund (ETF), emphasizing the need for consistency with Vanguard’s investment philosophy that views crypto as a speculative and immature asset class. Despite Ramji’s prior involvement in launching Blackrock’s successful […]

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