ETF

Chainlink is riding the spot Ethereum ETF approval wave to draw large whale accumulations. While Chainlink has toppled BCH and TRX, its price has a major stress test to surmount. On Thursday, Decentralized Oracle network Chainlink (LINK) saw its price move above $17.70 upon approvals of eight Ethereum Exchange-Traded Funds (ETFs) in the US. According to the latest Marketcap data, LINK is trading at $17.34, demonstrating a 23.5% increase in the past month. Chainlink Dethrones BCH and Tron Since the…

Bloomberg’s senior ETF analyst Eric Balchunas predicts a potential approval timeline for spot Ethereum ETF at around July 4, 2024. The Ethereum price chart forms a golden cross suggesting a likely move above $4,000. Above $4,000, FOMO could lead to a new all-time high at $5,000. The potential approval of Spot Ethereum ETFs has become a hot topic in the crypto community, with industry experts weighing in on the timing of the U.S. Securities and Exchange Commission (SEC)’s decision. Nate…

The post Ethereum ETF To Grab Only 20% Of Spot BTC ETF’s Success, Says ETF Analyst  appeared first on Coinpedia Fintech News Eric Balchunas, a senior ETF analyst at Bloomberg, expects the ETH ETF inflows to get only 20% of spot BTC ETFs’ inflows and trading volume. The analyst suggested an estimated initial influx of $1 billion or 2 in the first few weeks. However, he noted that even 20% of Bitcoin’s traction would signify a huge win. Balchunas also…

Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of spot Ethereum (ETH) Exchange-Traded Funds (ETFs) on the cryptocurrency’s price trajectory. This analysis follows on the heels of a significant regulatory nod from the US Securities and Exchange Commission (SEC), which approved the 19b-4 applications for eight leading financial entities — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. These approvals, granted under a collective omnibus order on May…

Bitcoin (BTC) and Ethereum (ETH) are the two largest cryptocurrencies by market cap, which have been the benchmarks in regards to market performance. Typically, their price movements have affected the broader crypto space, where many altcoins saw an upswing the moment in time when BTC and ETH did. However, the recent Ethereum ETF approval has been a major point of appeal, and now, many are curious if this can be good news not only for BTC but for the KangaMoon…

BlackRock has incorporated its iShares Bitcoin Trust ETF into its Strategic Income Opportunities and Global Bond Funds. This move signifies a significant push toward mainstream Bitcoin adoption by making it accessible to a broader client base globally. BlackRock, a prominent asset management company, has broadened its investment strategy by integrating shares of its Bitcoin ETF, the iShares Bitcoin Trust (IBIT), into its Strategic Income Opportunities Fund and Strategic Global Bond Fund. With initial investments of $3.56 million and $485,000 respectively,…

In a notable shift in the crypto market, BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) to become the world’s largest spot Bitcoin exchange-traded fund (ETF). Recent data from SoSoValue shows that IBIT now holds $19.68 billion in Bitcoin (BTC), slightly edging out GBTC’s $19.65 billion. How Grayscale’s GBTC Lost Its Top Spot to BlackRock’s IBIT? This milestone, occurring 96 trading days after the approval of spot Bitcoin ETFs, marks the beginning of a significant era for…

All week, the entire crypto scene seemed very excited about the spot Ethereum ETF approval. The US Security Exchange Commission (SEC) finally approved it, but to many investors’ surprise, the value of Ethereum (ETH) hasn’t increased much since the announcement.  Its trading volume is currently valued at $12.99 trillion, down 66.17% in the past 24 hours. Disappointment at the current trend involving Ethereum (ETH), proactive crypto traders are expanding their portfolios with this emerging DeFi Bluechip.  Read on to learn…

Donald Trump’s cryptocurrency holdings exceed $10 million, significantly influenced by the TRUMP memecoin. Ethereum ETF Impact Could Propel ETH to Record Highs. According to recent updates by CNF On-Chain Data Analysis, Donald Trump’s cryptocurrency holdings have notably exceeded $10 million. This surge is primarily attributed to the TRUMP memecoin, which now constitutes $7.1 million of his portfolio. This memecoin, inspired by Trump himself, has seen a staggering increase of 17,200%, showcasing a 129% rise in just the last 30 days…