Global #ETF

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

The price of Ethereum surged by more than 20%, driven by growing optimism surrounding the possibility of an Ethereum Exchange-Traded Fund (ETF). ETH managed to overcome several obstacles and even surpassed the $3,500 resistance level.

Despite widespread skepticism from crypto analysts and the larger crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts are suggesting that there might be room for a surprise.

In a recent memo, Matt Hougan, Chief Investment Officer at Bitwise, provided a comprehensive analysis of the early adopters of Bitcoin Exchange-Traded Funds (ETFs) based on 13F filings with the SEC.

VanEck’s spot Bitcoin exchange-traded fund (ETF) saw substantial growth in the first quarter of 2024.

This adjustment comes after the Securities and Exchange Commission (SEC) expressed apprehensions regarding staking, viewing it as a security, which prompted the revision.

Three Asian-based companies have collaborated to introduce Hong Kong's inaugural ETF liquidity fund, valued at approximately HK$1 billion (equivalent to about $128 million), as per a statement released on Wednesday.

The review time for the introduction of the Bitcoin spot ETF (exchange-traded fund) by cryptocurrency asset management business 7RCC has been extended by the US Securities and Exchange Commission (SEC).

The current dip in Bitcoin BTC bears some parallels to the cryptocurrency's behavior following the debut of the US ETF in January.

rypto fans are anticipating the introduction of spot exchange-traded funds linked to Bitcoin in Hong Kong tomorrow with great anticipation, and the ETF craze is still going strong.

BlackRock's Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust, which trades under the ticker "IBIT," has had inflows for 69 days running, according to a social media post by Eric Balchunas, an analyst with Bloomberg Intelligence ETFs.

Even after a 10% weekly decline in trust in the largest cryptocurrency, some traders believe that global politics and the need for an investment hedge could propel a Bitcoin (BTC) increase in the upcoming months.