Interest

Bitcoin ETFs have become more popular than gold ETFs among professional firms. Institutional investors now hold over $11 billion in Bitcoin ETFs, driven by the potential for high returns. Exchange-traded funds (ETFs) backed by Bitcoin have surpassed traditional gold ETFs in popularity among professional firms, marking a dramatic transformation in the investment environment. This trend shows that institutional investors are becoming more confident about digital assets, as revealed by recent data. Spot Bitcoin ETFs were present in the 13F filings…

Floki Inu (FLOKI), the Shiba Inu-inspired memecoin, has rocketed into the spotlight with a surge in trading activity and a nearly 20% price increase in the past week. However, experts caution that this “pup-ularity” might be short-lived, fueled more by hype than by strong foundations. Open Interest Takes Off: Newcomers Flock To FLOKI The key indicator driving excitement is the skyrocketing Futures Open Interest for FLOKI. According to Coinglass, this figure, which reflects the number of outstanding futures contracts, has…

The post XRP And Worldcoin Investors Show Interest In Rebel Satoshi Presale For Skyrocketing Memecoin Gains appeared first on Coinpedia Fintech News TLDR XRP holders hope for a return to $0.7. Worldcoin’s (WLD) network activity will rise in Q2 2024. Rebel Satoshi’s $RECQ coin becomes one of the most popular tokens following its presale surge. XRP’s ongoing lawsuit is nearing its final stages. Analysts predict an expansion of Worldcoin’s (WLD) community following the launch of Worldchain. Rebel Satoshi’s meme coin…

The post CME Group Prepares to Launch Bitcoin Spot Trading Amid Wall Street Interest appeared first on Coinpedia Fintech News The Chicago Mercantile Exchange (CME Group) is reportedly gearing up to introduce Bitcoin spot trading, capitalizing on increased interest from Wall Street fund managers. This step aims to meet the escalating demand within the cryptocurrency sphere. Although the plan is still preliminary, it highlights traditional financial institutions’ growing acceptance and adoption of digital assets. Additionally, this initiative could mark a…

A number of Dogecoin metrics have turned bullish in the last few days, showing increased interest from investors. This ranges from the meme coin’s daily derivatives trading volumes to its open interest seeing a significant increase. However, in the midst of this, the Dogecoin price has remained limp, sparking worries among investors. Dogecoin Derivatives Volume And Open Interest See Increase One of the major Dogecoin metrics that has seen a significant increase recently is its derivatives trading volume. The trend…

Bitcoin Asia in Hong Kong had over 5,500 attendees, half of whom came from China, where the government has been cracking down on crypto for years. The organizers say the recently launched crypto ETFs were the biggest attraction, with most investors interested in learning about investing in them. Bitcoin Asia, a crypto conference held in Hong Kong on Thursday and Friday last week, attracted over 5,500 attendees, half of whom were from mainland China, where crypto has been banned for…

The post Bitcoin Open Interest and Derivative Market Remains Indecisive appeared first on Coinpedia Fintech News Bitcoin is currently trading at $62,925, experiencing an intraday drop of 0.23%. The open interest is at $14.859 billion with the Taker Buy Ratio balanced at 0.49, suggesting equal footing between buying and selling pressures. Additionally, the shift in the funding rate from 0.0055 to -0.0004012 indicates a reduction in leverage use, reflecting traders’ caution amid uncertain market directions. However, Bitcoin may stabilize around…

The US SEC has set the next deadline for Invesco Galaxy’s Ethereum spot ETF on July 5, 2024. The US SEC has postponed several spot Ether ETFs in the recent past including for Grayscale, Franklin Templeton, VanEck, and BlackRock. On Monday, May 6, 2024, the United States Securities and Exchange Commission (SEC) announced its intent to postpone the deadline for either approving or disapproving the proposed rule change to list and trade shares of Invesco Galaxy Ethereum ETF. Notably, Cboe…

Movement and accumulation from crypto whales are two of the catalysts for Bitcoin price increases. Although major whales are still buying the dip, on-chain data indicates a general waning accumulation momentum which suggests their conviction might actually be waning.  According to IntoTheBlock, an on-chain analytics firm, Bitcoin whale accumulation volumes have declined substantially in each buying cycle over the past month. This decline in whale accumulation could be worrying for investors, especially as the price of Bitcoin is now trying…