Ether has declined over 53% since December, with analysts warning of further losses amid trade war concerns and persistent ETF outflows. The cryptocurrency continues to struggle against macroeconomic pressures, including U.S. import tariffs and a lack of builder activity on the Ethereum network, leading to prolonged selling pressure. TradingView data indicates that Ether’s downward trend...
Bitcoin ETFs and crypto stocks notched an impressive $38 billion in trading volume this week as investor excitement surged following Donald Trump’s election victory. Bitcoin itself hit a new all-time high of $89,000 on Tuesday, with exchange-traded funds (ETFs) and related stocks such as MicroStrategy and Coinbase following suit in their own record-breaking rallies. Senior...
In a stark reversal from previous weeks of inflows, US-listed spot Bitcoin exchange-traded funds (ETFs) experienced a substantial outflow of $287 million on September 3, leading to a price drop with Bitcoin trading around the $56,000 mark. This trend mirrors the recent performance of Ethereum-linked ETFs, which also saw consecutive days of outflows, with ETH...
Hong Kong is poised to strengthen its position as a leading global hub for digital assets by launching several cryptocurrency exchange-traded funds (ETFs), including those based on Bitcoin and Ether. This initiative comes as the region seeks to revitalize its reputation as a top financial center. Leading Chinese fund managers are in the final stages...
The landscape of Bitcoin ETFs in the US is witnessing a paradox of flows, with the recent market activities reflecting a mixed sentiment among investors. After a sequence of inflows, the Bitcoin ETF market encountered a significant net outflow, primarily attributed to a massive withdrawal from Grayscale’s GBTC fund, which saw a record outflow of...
In a bold stride towards embracing cryptocurrency, the Hong Kong subsidiaries of leading fund companies, including Southern Fund and Harvest Fund, are spearheading the development of Bitcoin exchange-traded funds (ETFs). A recent report highlights the submission of a spot Bitcoin ETF application to the Hong Kong Securities Regulatory Commission by Harvest Fund, marking a significant...
Recent developments have cast a shadow over the cryptocurrency industry, with the United States Securities and Exchange Commission (SEC) issuing multiple subpoenas to parties connected to the Ethereum Foundation. This action, reported by Fortune on March 20, 2024, has ignited fears that Ether, Ethereum’s native cryptocurrency, might be reclassified as a security—a move that could...
On March 19, 2024, United States-based Bitcoin exchange-traded funds (ETFs) recorded their most significant outflow to date, as Bitcoin’s value plummeted, briefly touching $62,000. This mass withdrawal amounted to $326 million across ten funds, underscoring the escalating investor concern amidst the cryptocurrency’s price volatility. Grayscale’s Bitcoin Trust (GBTC), the largest of these ETFs, saw a...
Presidential Office Advocates for Spot Bitcoin ETFs South Korea’s Office of the President has made a significant move by urging the country’s financial regulator to consider the approval of a local spot Bitcoin exchange-traded fund (ETF). This initiative demonstrates South Korea’s interest in aligning its financial regulations with international trends, particularly in the realm of...
Major Boost for Bitcoin and Crypto Industry In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the first U.S.-listed exchange-traded funds (ETFs) that will track bitcoin. This landmark decision will allow investors to gain exposure to bitcoin without directly holding the cryptocurrency, potentially attracting a broader investor...
