ETF

The post Famous ETF Expert Reveals Bitcoin’s Next Move, Will SOL, XRP, ONDO and CYBRO Turn To Rise Price Pattern? appeared first on Coinpedia Fintech News A prominent ETF strategist has just made a decisive call on Bitcoin’s trajectory, capturing the attention of investors worldwide. As the hype around the 2024 bull run builds, market enthusiasts are eagerly eyeing potential breakthroughs for cryptocurrencies like SOL, XRP, ONDO, and CYBRO. This analysis comes at a pivotal moment, promising to dissect the…

The post Legendary Crypto Analyst Say Ethereum ETF Is Not Going To Be Approve In May, August Deadlines in Doubt? appeared first on Coinpedia Fintech News Renowned crypto analyst Michaël van de Poppe has weighed in on the likelihood of an Ethereum Exchange-Traded Fund (ETF) approval in May, suggesting that approval is unlikely to be approved in May as the deadline nears for three prominent contenders out of seven who filed for an Ethereum Spot ETF. ETH ETF Isn’t Going…

Days after suffering devastating losses that dragged its price to $56,500, bitcoin rebounded on Thursday and during the early hours of Friday. This coincided with a slowdown in outflows from spot bitcoin exchange-traded funds (ETFs) in the US compared to the previous day’s record outflows. According to the latest data compiled by SoSoValue, spot bitcoin ETFs saw a net outflow of $34.4 million on May 2nd. Bitcoin ETFs Experience Slower Outflows BlackRock’s IBIT and Fidelity’s FBTC, the second and third-largest…

The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed…

BNP Paribas, Europe’s second-largest bank, has recently acquired significant exposure to BTC through BlackRock’s iShares Bitcoin Trust ETF (IBIT). This strategic purchase positions BNP Paribas ahead of many US wealth and pension funds in adopting Bitcoin-based investment products. Institutions Buy BlackRock Bitcoin ETF BNP Paribas, boasting over $600 billion in assets under management, made a comparatively modest investment of approximately $40,000 in BlackRock’s Bitcoin ETF. Despite the small scale of the investment in terms of the bank’s vast asset pool,…

BlackRock’s iShares Bitcoin Trust (IBIT) experienced its first-ever outflow day, with $36.9 million leaving the fund on May 1. This notable outflow broke a 77-day streak of stable or positive net flows, raising eyebrows among investors and analysts alike. Spot Bitcoin ETFs Experience Record Outflows This shift comes at a time when the broader US spot Bitcoin exchange-traded funds (ETFs) have also witnessed record net outflows. The outflows sum up to $563.7 million across various funds on May 1. Among…

The spot Bitcoin exchange-traded funds (ETFs) in the United States have recently observed a noteworthy trend, marked by a consecutive six-day period of outflows. Notably, BlackRock’s IBIT ETF encountered its first instance of outflows just yesterday. This development coincides with bitcoin navigating through its most challenging month since the aftermath of the 2022 FTX collapse, registering a notable decline of 11% over this week. Record Breaking Outflows and Market Downturn According to data from Farside Investors, BlackRock’s Bitcoin fund saw…

The post Litecoin ETF: Potential SEC Approval and Market Impact in Cryptocurrency appeared first on Coinpedia Fintech News The crypto community is anticipating a Litecoin ETF, championed by founder Charlie Lee, awaiting SEC approval. Lee’s optimism can possibly be ascribed to Litecoin structural similarities with Bitcoin, favoring its ETF classification. Ethereum relying on Proof-of-Stake brings regulatory challenges, delaying potential ETF approvals. Meanwhile, Lee is cautious about the prospects of Ethereum’s ETF because of these challenges. Market analysts spread caution, citing…

Solana (SOL) is preparing to take center stage in the crypto market with a Solana spot ETF ready to debut in North America. Despite SOL emerging as an institutional favorite, the altcoin has come under bearish pressure in recent weeks. Solana (SOL) investors are celebrating another landmark victory for the cryptocurrency. According to reports, SOLWealth, a federal organization based in Canada, is preparing to launch a Solana spot ETF. Since the introduction of a Bitcoin spot ETF, there’s increased interest…