US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows

August 27, 2024 Bitcoin.com

Bitcoin

U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs […]

Trump officially appoints Paul Atkins as SEC Chair

VanEck Executive Matthew Sigel Predicts Bitcoin Recovery, Says Firm Is Gobbling Up BTC – Here’s Why

August 21, 2024 The Daily Hodl

Bitcoin

Financial giant VanEck is buying Bitcoin (BTC), according to Matthew Sigel, the firm’s head of digital assets research. In a new interview with CNBC, Sigel notes there have been four sellers in the BTC market driving the price of the top crypto asset down. “The German government has sold all of its Bitcoin, $2 billion […]

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Trump officially appoints Paul Atkins as SEC Chair

US Solana ETFs have ‘snowball’s chance in hell’ of approval, says analyst

August 21, 2024 Coin Telegraph

approval

Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them.

United States Solana exchange-traded funds (ETFs) have a “near-zero” chance of getting greenlit under the current administration after the regulator reportedly rejected a filing necessary for their approval.

“A snowball’s chance in hell of approval unless there’s a change in leadership,” said Bloomberg ETF analyst Eric Balchunas in an X post on Aug. 20.

Only days earlier on Aug. 16, reports emerged that Cboe had removed the 19b-4 filings for two prospective Solana ETFs from its website’s “Pending Rule Changes” page.

Trump officially appoints Paul Atkins as SEC Chair

Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’

August 20, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]

Trump officially appoints Paul Atkins as SEC Chair

Bitcoin Miners Shifting to Artificial Intelligence and High-Performance Computing, According to VanEck Analysts

August 18, 2024 The Daily Hodl

New research from VanEck reveals that Bitcoin (BTC) miners are shifting to artificial intelligence (AI) and high-performance computing. In a thread on the social media platform X, Matthew Sigel, the head of digital assets research at VanEck, says that BTC miners are utilizing technology to earn profits through strategic arbitrage. “Bitcoin miners are shifting to […]

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Trump officially appoints Paul Atkins as SEC Chair

Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck

August 18, 2024 Coin Telegraph

bitcoin miner

Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.

Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing (HPC) sector by 2027, according to investment firm VanEck.

“AI companies need energy, and Bitcoin miners have it,” VanEck stated in an Aug. 16 report. The firm believes that Bitcoin miners, which face profitability risks from volatile operating costs and Bitcoin’s (BTC) price fluctuations, may find it beneficial for their financial positions to redirect some of their energy capacity towards the growing sectors.

“Bitcoin miners generally have bad balance sheets, either because of too much debt, too much share issuance, too much executive compensation, or some combination of all three,” VanEck claimed.

Trump officially appoints Paul Atkins as SEC Chair

Crypto ETF Market Sees Turnaround: Bitcoin and Ethereum Funds Net Inflows

August 13, 2024 Bitcoin.com

Ark Invest

U.S.-based spot bitcoin and ethereum exchange-traded funds (ETFs) both enjoyed a lift on Monday, with ETH ETFs pulling in $4.93 million while BTC ETFs attracted $27.87 million during the day’s trading. Crypto ETFs Make a Positive Comeback On Aug. 12, 2024, both spot bitcoin (BTC) and ethereum (ETH) ETFs experienced inflows, marking a shift from […]

Trump officially appoints Paul Atkins as SEC Chair

Here’s How Bitcoin (BTC) Reaches $2,900,000 per Coin, According to VanEck Analysts

August 1, 2024 The Daily Hodl

Bitcoin

Analysts at the investment management giant VanEck think Bitcoin’s price (BTC) could skyrocket to $2.9 million by 2050. For that to happen, BTC will need to become a key part of the international monetary system, according to Matthew Sigel, VanEck’s head of digital assets research, and Patrick Bush, a senior investment analyst at the firm. […]

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Trump officially appoints Paul Atkins as SEC Chair

Bitwise exec says, ‘We’re not bullish enough,’ amid political sway to crypto

August 1, 2024 Coin Telegraph

Bitcoin 2024 conference

Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step, given it felt more like a “daydream” a year ago.

After hearing several influential United States politicians embrace Bitcoin at the recent Bitcoin 2024 conference in Nashville, Tennessee, Bitwise’s chief investment officer Matt Hougan says he left with one big takeaway: “We’re not bullish enough.”

In a July 31 post, Hougan said several recent promises made by these US politicians have prompted him to “rethink what’s possible” with Bitcoin (BTC).

Among those promises were Republican Party candidate and former President Donald Trump’s plan to build a strategic national Bitcoin stockpile, Wyoming Senator Cynthia Lummis’ announcement of a Bitcoin reserve bill to clean up the country’s $35 trillion debt crisis and independent presidential candidate Robert F. Kennedy Jr.’s promise to make the US Treasury buy 500 Bitcoin per day until at least 4 million Bitcoin is reached.

Trump officially appoints Paul Atkins as SEC Chair

US Ethereum ETFs See Fourth Straight Day of Outflows

July 30, 2024 Bitcoin.com

bitcoin.com

According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven […]

VanEck

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