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Standard Chartered Warns Bitcoin Price Could Fall to $50K
3.5.2024
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk...
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
2.5.2024
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
2.5.2024
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal...
UK Lawmaker Pushes for Rethink on Retail Crypto ETP Ban
2.5.2024
Alun Cairns, a Conservative UK MP, called on the Financial Conduct Authority to reconsider its ban on crypto exchange-traded products for retail investors.
The post UK Lawmaker Pushes for Rethink on Retail Crypto ETP Ban appeared first on Cryptonews
BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals
2.5.2024
The spot Bitcoin ETFs in the United States have witnessed record net outflows, with BlackRock's iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.
The post BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals appeared...
BlackRock’s Bitcoin ETF sees first outflow day as US ETFs notch record bleed
2.5.2024
BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows
Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality
2.5.2024
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect...
US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
1.5.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves...
Bitcoin Posts Worst Month Since FTX Collapse Amid Ebbing ETF Euphoria
1.5.2024
Bitcoin has experienced its most challenging month since the collapse of Sam Bankman-Fried's FTX empire, as the excitement surrounding US spot Bitcoin ETFs continues to wane.
The post Bitcoin Posts Worst Month Since FTX Collapse Amid Ebbing ETF Euphoria appeared first on Cryptonews
China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors
1.5.2024
As the first of its kind, the spot Ethereum and Bitcoin ETFs by China AMC offer a new investment pathway for Chinese RMB holders and potential mainland investors.
The post China AMC’s Bitcoin ETF to Open Door for Chinese RMB Investors appeared first on Cryptonews
Top Crypto Gainers Today on DEXScreener – ELON, AMERICA, MONKE
1.5.2024
On a bearish day in the crypto market that was marred by a weak debut to spot Bitcoin and Ether ETFs in Hong Kong and data that reinforced expectations that the Fed will wait longer before cutting interest rates, traders looking for quick gains are flocking to on-chain shitcoin markets as they hunt...
Hong Kong’s New Spot Bitcoin and Ether ETFs See $11.2 Million in Trading Volume on Debut Day
1.5.2024
Hong Kong's entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading.
The post Hong Kong’s New Spot Bitcoin and Ether ETFs See $11.2 Million in Trading...
Bitcoin Price Tumbles Below $60,000 as ETF/Macro Headwinds Mount – Is the BTC Bull Market Over?
30.4.2024
The Bitcoin (BTC) price has tumbled more than 5% on Tuesday to below $60,000 following a disappointing first day of spot Bitcoin ETF trade in Hong Kong, and following fresh US economic data that points to sticky inflation and strengthens the argument that the Fed should wait before cutting interest...
SOLWealth to introduce Solana Spot ETF in response to surging demand
30.4.2024
A fresh wave of excitement could be hitting the world of cryptocurrencies with what may be the first-ever Solana spot exchange-traded fund (ETF) in North America. SOLWealth, a Canadian federal corporation that wants to take advantage of investor confidence in digital assets since Bitcoin ETFs were...
HK vs. US: China AMC Leads but Can’t Lift Hong Kong Spot Bitcoin ETFs to US Levels
30.4.2024
Hong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$87.5 million ($11 million) on their first day, April 30. However, these ETFs underperformed compared to their U.S. counterparts, which had attracted a much larger sum of $4.6 billion on their initial...
Hong Kong ETF Issuers Anticipate $300 Million First-Day Inflows: Bloomberg
30.4.2024
Issuers are expecting approximately $300 million in combined first-day inflows for the six new Hong Kong spot-crypto ETFs, with a preference for Bitcoin funds.
The post Hong Kong ETF Issuers Anticipate $300 Million First-Day Inflows: Bloomberg appeared first on Cryptonews
Hong Kong ETFs opens the ‘door’ to Chinese RMB holders, issuers say
30.4.2024
Fund issuers and industry experts hope Hong Kong’s new crypto ETFs will open the doors for mainland Chinese investment in the future
Hong Kong Launches Asia’s First Spot Bitcoin and Ethereum ETFs
30.4.2024
The Hong Kong Stock Exchange debuts three spot Bitcoin ETFs and three spot Ethereum ETFs as Asia’s first spot virtual asset ETFs, offering more choices for investors.
The post Hong Kong Launches Asia’s First Spot Bitcoin and Ethereum ETFs appeared first on Cryptonews
Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security
30.4.2024
Hong Kong already has a clear definition of Ethereum and it is not a security, said OSL Digital Securities head Wayne Huang
Top Crypto Gainers Today on DEXScreener – THREE, $SWIPES, AMERICA
30.4.2024
As Bitcoin (BTC) pushes back to the north of $64,000 on anticipation that the imminent launch of spot Bitcoin and Ether (ETH) ETFs in Hong Kong might inject fresh bullish impetus into the crypto market, on-chain markets are heating up and attracting traders in droves as they hunt for top crypto...