Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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T-Rex Group Files for Potentially Most Volatile ETF in U.S. History
The post T-Rex Group Files for Potentially Most Volatile ETF in U.S. History appeared first on Coinpedia Fintech News Financial services firm T-Rex Group has filed for a leveraged MicroStrategy (MSTR) exchange-traded fund in the United States. This ETF could potentially be the most volatile ETF ever seen in the country. Read on to learn what experts think about this development and to do an in-depth comparative analysis! What Experts Think About T-Rex Group’s MSTR? Eric Balchunas, a Bloomberg ETF…
12 months ago
SOL Price Soars As First-Ever Solana ETF Filing Surfaces In The US
The cryptocurrency market has taken another step towards regulated and mass investment in cryptocurrencies with the first-ever application for a Solana ETF in the US by asset manager and Bitcoin ETF issuer VanEck. Following the approval of spot Bitcoin ETFs in January and the anticipated launch of Ethereum ETFs in July, this development marks another milestone in expanding cryptocurrency investment options for retail and institutional investors. The news of VanEck’s Solana ETF filing with the US Securities and Exchange Commission…
12 months ago
The Real Reason Why VanEck Filed the First Solana ETF in the U.S.
The post The Real Reason Why VanEck Filed the First Solana ETF in the U.S. appeared first on Coinpedia Fintech News Amid the ongoing mass adoption of digital assets led by institutional investors, VanEck, one of the issuers of spot Bitcoin ETFs, has filed the first Solana (SOL) exchange-traded fund (ETF) in the United States. According to Matthew Sigel, the head of digital assets research at VanEck US, the firm filed a Solana ETF with the US Securities and Exchange…
12 months ago
Fears Of Bitcoin Sales By US And German Govts Are FUD, Even Bullish: Experts
Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its sales of Bitcoin, reducing its holdings from 50,000 BTC to 45,264 BTC. Concurrently, the US government transferred 4,000 BTC to Coinbase, likely aiming for liquidation,…
12 months ago
PapaTrump Meme Coin Heats Up Ahead of 2024 US Election
June 27th, 2024 - Coinscribble by Coinbound / As the US presidential race nears, a new meme coin project called PapaTrump is vying for attention. Following Trump’s recent announcement of being a “Crypto President,” there’s no better time for PapaTrump to enter the spotlight in the blockchain arena. Capitalizing on Donald Trump and Joe Biden’s upcoming political showdown, the meme coin offers more than playful jabs. The ecosystem’s partnership with Raydium enables user-friendly transfers while boosting accessibility and token liquidity.…
12 months ago
ETH News: Spot Ether ETF Approval Imminent: US Regulators Target July 4 Launch According to Reuters
Two executives close to the discussion around Ether ETFs and a lawyer of one of the issuers have assured that the launch could take place in a week or two. According to reports, the process of amending the documents has reached an advanced stage with just the “finishing touches” needed to get ready. The 19b-4 forms tied to the spot Ethereum (ETH) Exchange-Traded Funds (ETFs) were recently approved for American exchanges pending the official approval of S-1 forms for trading.…
12 months ago
US Spot BTC ETFs Report $21.5 million Net Inflows Continuing Its Positive Streak
The post US Spot BTC ETFs Report $21.5 million Net Inflows Continuing Its Positive Streak appeared first on Coinpedia Fintech News The US spot BTC ETFs recorded net inflows of $21.52 million on Wednesday, continuing the positive streak that began on Tuesday. Fidelity’s FBTC led with $19 million in net inflows, while Grayscale’s GBTC posted net inflows of $4 million, its first positive flow since June 5. VanEck registered its $3 million on Wednesday, while the net outflows of the…
12 months ago
Binance US Loses License, to Exit Washington by August 2024
The post Binance US Loses License, to Exit Washington by August 2024 appeared first on Coinpedia Fintech News Amidst a wave of regulatory hurdles in many regions, Binance US has announced the cessation of its operations in Washington. This decision comes amid increased scrutiny from regulatory bodies. A deadline of August 20, 2024, has been set for closing all accounts based in the state. The primary reason for halting operations is the expiration of the exchange’s operating license. Binance US…
12 months ago
The U.S. Spot Bitcoin ETF Records A Positive Net Inflow After Outflow Streak!
The post The U.S. Spot Bitcoin ETF Records A Positive Net Inflow After Outflow Streak! appeared first on Coinpedia Fintech News Reportedly, the U.S. spot BitcoinETF recorded an inflow of $31 Million on Tuesday after experiencing an outflow from the 11 Bitcoin funds for seven consecutive days. Notably, Fidelity’s FBTC led the net inflow with 49 Million, followed by Bitwise’s BITB with $15 Million of inflows and VanEck’s HODL saw an inflow of $4 Million. However, Grayscale’s GBTC saw a…
12 months ago