#CryptoNews: Australia's First Spot Bitcoin ETF Launches Tomorrow!
🔵 Monochrome(Australian asset manager) #BitcoinETF, Australia's first spot #ETF, starts trading on #CBOE Australia tomorrow.
🔵 It holds #Bitcoin directly, marking a milestone in Australia's financial landscape.
🔵 Offers Australians regulated exposure to Bitcoin, attracting retail and institutional investors.
🔵Expected impact: increased interest in #crypto, reflecting Australia's growing digital asset adoption.
🔵 Monochrome(Australian asset manager) #BitcoinETF, Australia's first spot #ETF, starts trading on #CBOE Australia tomorrow.
🔵 It holds #Bitcoin directly, marking a milestone in Australia's financial landscape.
🔵 Offers Australians regulated exposure to Bitcoin, attracting retail and institutional investors.
🔵Expected impact: increased interest in #crypto, reflecting Australia's growing digital asset adoption.
Thailand's SEC Grants Approval for first spot #BitcoinETF
#Crypto #CryptoNews
🔵Thailand's SEC approves One Asset Management to launch the first spot #Bitcoin exchange-traded fund (#ETF) in the country.
🔵The newly approved fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), was set to be distributed between May 31, 2024, and June 6, 2024, according to a report from Bangkok Post.
🔵It was limited to wealthy and institutional investors and carried an investment risk level of eight, indicating its potential for volatility.
#Crypto #CryptoNews
🔵Thailand's SEC approves One Asset Management to launch the first spot #Bitcoin exchange-traded fund (#ETF) in the country.
🔵The newly approved fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), was set to be distributed between May 31, 2024, and June 6, 2024, according to a report from Bangkok Post.
🔵It was limited to wealthy and institutional investors and carried an investment risk level of eight, indicating its potential for volatility.
Top Reasons for $BTC Price Dump?
🔵U.S. economic uncertainty: Investor concerns about inflation and interest rates impact #crypto prices.
🔵#Fed's rate cut outlook: Powell's remarks dampen hopes for 2024 rate cuts.
🔵Spot #BitcoinETF outflows: Significant withdrawals from Bitcoin ETFs indicate a de-risking strategy.
🔵Long #liquidations: Increased selling pressure from liquidated long positions drives market down.
🔵Weakening market structure: Technical analysis shows declining trend and loss of crucial support level
🔵#MtGox cold wallet transfer: Created uncertainty and panic as creditors cash out.
🔵German government #BTC sale: Increased selling pressure as the German government recently sold 7,583 BTC worth $419.5 million.
🔵U.S. economic uncertainty: Investor concerns about inflation and interest rates impact #crypto prices.
🔵#Fed's rate cut outlook: Powell's remarks dampen hopes for 2024 rate cuts.
🔵Spot #BitcoinETF outflows: Significant withdrawals from Bitcoin ETFs indicate a de-risking strategy.
🔵Long #liquidations: Increased selling pressure from liquidated long positions drives market down.
🔵Weakening market structure: Technical analysis shows declining trend and loss of crucial support level
🔵#MtGox cold wallet transfer: Created uncertainty and panic as creditors cash out.
🔵German government #BTC sale: Increased selling pressure as the German government recently sold 7,583 BTC worth $419.5 million.
#Crypto Expert Warns: Major #Bitcoin Selloff Predicted for This Weekend!
Want to Know What Happened in the #BitcoinETF Market Post-July 4?
Click Below to Read More👇👇👇
https://coinpedian.substack.com/p/will-bitcoin-see-market-capitulation
Want to Know What Happened in the #BitcoinETF Market Post-July 4?
Click Below to Read More👇👇👇
https://coinpedian.substack.com/p/will-bitcoin-see-market-capitulation
Substack
Will Bitcoin See Market Capitulation Soon?
Major Bitcoin Sell-Off Expected Next Week!
#BitcoinETF Movements on July 31
🔹Bitcoin Spot ETF: Net inflow of $298,900
🔹Grayscale ETF (GBTC): Net outflow of $0.00
🔹Grayscale Mini ETF (BTC): Net inflow of $17.9954 million
🔹BlackRock ETF (IBIT): Net inflow of $20.9892 million
🔹Fidelity ETF (FBTC): Net outflow of $31.57 million
Source:https://sosovalue.com/assets/etf/us-btc-spot
🔹Bitcoin Spot ETF: Net inflow of $298,900
🔹Grayscale ETF (GBTC): Net outflow of $0.00
🔹Grayscale Mini ETF (BTC): Net inflow of $17.9954 million
🔹BlackRock ETF (IBIT): Net inflow of $20.9892 million
🔹Fidelity ETF (FBTC): Net outflow of $31.57 million
Source:https://sosovalue.com/assets/etf/us-btc-spot
#BitcoinETF Inflows and Outflows on August 8
Source: https://farside.co.uk/?page_id=997
🔵Total Net Inflow: $194.6 million
🔵#Grayscale ETF (GBTC) Outflow: $183 million
🔵#BlackRock ETF (IBIT) Inflow: $158 million
🔵#WisdomTree ETF (BTCW) Inflow: $119 million
Source: https://farside.co.uk/?page_id=997
🔵Total Net Inflow: $194.6 million
🔵#Grayscale ETF (GBTC) Outflow: $183 million
🔵#BlackRock ETF (IBIT) Inflow: $158 million
🔵#WisdomTree ETF (BTCW) Inflow: $119 million
#BitcoinETF Net Outflows and Inflows on August 9
🟠Total Net Outflow: $89.7312 million
🟠#Grayscale ETF GBTC Outflow: $76.9962 million
🟠Grayscale Mini ETF BTC Inflow: $15.6101 million
🟠#BlackRock ETF IBIT Inflow: $9.6454 million
Source: https://farside.co.uk/?page_id=997
🟠Total Net Outflow: $89.7312 million
🟠#Grayscale ETF GBTC Outflow: $76.9962 million
🟠Grayscale Mini ETF BTC Inflow: $15.6101 million
🟠#BlackRock ETF IBIT Inflow: $9.6454 million
Source: https://farside.co.uk/?page_id=997
Top #CryptoNews of This Week
1️⃣ Putin signed a law legalizing #cryptomining in Russia, effective ten days after publication
2️⃣ On August 5, the global market crash led to $1.022B in #crypto liquidations
3️⃣ #Crypto executives spoke with the White House as Democrats launched the “Crypto for Harris” campaign
4️⃣ BoJ Deputy Governor Uchida stated no rate hikes amid #financial market instability, yen dropped
5️⃣ U.S. Judge fined #Ripple $125M for securities law violations, reducing SEC's demand significantly
6️⃣ U.S. Judge approved a $12.7B settlement between #FTX and #CFTC, resolving the lawsuit.
7️⃣ Paris Olympic venues and French museum shops were hit by cyberattacks demanding #cryptocurrency ransoms.
8️⃣ Plustoken transferred over $450 million in ETH, with stolen funds now worth $1.9 billion.
9️⃣ #BitcoinETF options might launch in Q4; BlackRock applied for Ethereum Spot ETF options.
🔟 #OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
1️⃣ Putin signed a law legalizing #cryptomining in Russia, effective ten days after publication
2️⃣ On August 5, the global market crash led to $1.022B in #crypto liquidations
3️⃣ #Crypto executives spoke with the White House as Democrats launched the “Crypto for Harris” campaign
4️⃣ BoJ Deputy Governor Uchida stated no rate hikes amid #financial market instability, yen dropped
5️⃣ U.S. Judge fined #Ripple $125M for securities law violations, reducing SEC's demand significantly
6️⃣ U.S. Judge approved a $12.7B settlement between #FTX and #CFTC, resolving the lawsuit.
7️⃣ Paris Olympic venues and French museum shops were hit by cyberattacks demanding #cryptocurrency ransoms.
8️⃣ Plustoken transferred over $450 million in ETH, with stolen funds now worth $1.9 billion.
9️⃣ #BitcoinETF options might launch in Q4; BlackRock applied for Ethereum Spot ETF options.
🔟 #OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
#BitcoinETF Movements on August 13
🔵Total #Bitcoin spot #ETF inflow: $38.9442 million.
🔵#Grayscale ETF (GBTC) had an outflow of $28.6459 million.
🔵#BlackRock ETF (IBIT) saw an inflow of $34.5503 million.
🔵#Fidelity ETF (FBTC) had an inflow of $22.5639 million.
Source: https://farside.co.uk/btc/
🔵Total #Bitcoin spot #ETF inflow: $38.9442 million.
🔵#Grayscale ETF (GBTC) had an outflow of $28.6459 million.
🔵#BlackRock ETF (IBIT) saw an inflow of $34.5503 million.
🔵#Fidelity ETF (FBTC) had an inflow of $22.5639 million.
Source: https://farside.co.uk/btc/
#BitcoinETF Activity on August 15
🔵Total Net Inflow: #Bitcoin spot #ETFs saw a net inflow of $11.1 million.
🔵#Grayscale GBTC Outflow: Investors withdrew $25 million from the Grayscale GBTC ETF.
🔵Grayscale Mini ETF Inflow: The Grayscale mini Bitcoin ETF received an inflow of $13.7 million.
🔵#Fidelity FBTC Inflow: The Fidelity Bitcoin ETF had an inflow of $16.2 million.
#cryptoNews #Crypto
Source: https://farside.co.uk/btc/
🔵Total Net Inflow: #Bitcoin spot #ETFs saw a net inflow of $11.1 million.
🔵#Grayscale GBTC Outflow: Investors withdrew $25 million from the Grayscale GBTC ETF.
🔵Grayscale Mini ETF Inflow: The Grayscale mini Bitcoin ETF received an inflow of $13.7 million.
🔵#Fidelity FBTC Inflow: The Fidelity Bitcoin ETF had an inflow of $16.2 million.
#cryptoNews #Crypto
Source: https://farside.co.uk/btc/