ETF

The post Bitcoin ETF Frenzy: $252M Net Inflow As Derivatives Surge! appeared first on Coinpedia Fintech News On May 24, 2024, Bitcoin ETFs saw a net inflow of $252M, marking the 10th consecutive day of positive inflows. Over the last 10 trading days, U.S. Bitcoin ETFs bought approximately 30,000 $BTC, equivalent to 65 days of Bitcoin supply. Further, the bullish momentum continues, with over 10,000 BTC added in the past two weeks. BlackRock (IBIT) recorded a strong inflow of $182M,…

Lido (LDO), the liquid staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, has seen a significant price spike in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday. The protocol’s native token, LDO, has successfully regained the $2.30 level and is looking to break out of its one-month downtrend structure that has been in place since the market correction in April.  LSD Sector Set…

Analysts predict Solana could reach $200 soon, with some speculating a rise to $1,000. Regulatory challenges include the SEC’s classification of Solana as a security and the absence of a futures market. Recent developments surrounding Ethereum exchange-traded funds (ETFs) have had a positive ripple effect on the cryptocurrency market, with Solana (SOL) emerging as a notable beneficiary. With Ethereum’s ETF approval by the SEC, Solana’s price action demonstrates resilience and potential for significant growth. Crypto enthusiast Borovik forecasts that Solana…

The recent approval of the Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday has sparked speculation on the next price movements for the market’s second-largest cryptocurrency as the trading launch date approaches.  However, significant transfers of Ethereum (ETH) to cryptocurrency exchanges have raised concerns about profit-taking, portfolio rebalancing, and potential market speculation.  Sell-Off Amidst Ethereum ETF Greenlight? According to crypto analyst Ali Martinez, these developments coincide with Ethereum founder Jeffrey Wilke transferring 10,000 ETH, valued…

The post Analyzing the Effect of Approval of Ethereum ETF on Solana: Market Trends and Price Prediction appeared first on Coinpedia Fintech News The news of the approval of Ethereum ETFs by the U.S. Securities and Exchange Commission has influenced the cryptocurrency market immensely, particularly affecting Solana. Within this regulatory change, market experts indicate the rapidly changing dynamics and what it means for Solana investors. Solana’s Potential for an ETF With the approval of the Ethereum ETF by the US…

The post First Bitcoin ETF, Now Ethereum ETF, Whose Next SOL, XRP? appeared first on Coinpedia Fintech News On January 11, the U.S. Securities and Exchange Commission (SEC) approved the first Spot Bitcoin ETF. Four months later, the SEC approved another spot ETF, this time for Ethereum. This highlights the SEC’s evolving stance toward crypto adoption. Meanwhile, Crypto analysts at Standard Chartered weighed in on the potential ETF launch for other altcoins. Solana & XRP ETFs On The Line With…

The post Sell, Buy, or Hold? Here’s the Best Strategy to Follow Post Ethereum ETF Approval appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has greenlit eight Ethereum exchange-traded funds (ETFs), stirring excitement in the crypto community. But Ethereum’s price took a bumpy ride post-approval, dropping from $3,880 to $3,632, showcasing its typical volatility. This echoes Bitcoin’s past behavior, where dips often preceded big gains. What’s the story for Ethereum from here on? Read to…

The post Don’t Expect an Ethereum ETF Boom Overnight: Here’s Why appeared first on Coinpedia Fintech News Think SEC has fully approved ETH ETFs? Well, you’re wrong. Ethereum Exchange-Traded Funds (ETFs) are causing quite a stir in the crypto space. But let’s set the record straight: while the SEC has given the nod to Form 19b-4 for eight Ethereum ETF issuers, including big names like BlackRock and Fidelity, full approval is still pending. This news has sparked both excitement and…

The new ETH ETF is set to make a big splash in the cryptocurrency market. Industry experts anticipate significant effects on popular tokens like PEPE, WIF, and Shiba Inu. One coin, however, might outshine them all as the bull run of 2024 picks up speed. Investors are keen to discover which cryptocurrency will rise above the rest in this exciting development. Over $6 Million Raised: BlastUP Presale Continues, Offering Up To 1000% Potential ROI BlastUP has been getting a lot…