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Thailand's SEC Grants Approval for first spot #BitcoinETF

#Crypto #CryptoNews

πŸ”΅Thailand's SEC approves One Asset Management to launch the first spot #Bitcoin exchange-traded fund (#ETF) in the country.

πŸ”΅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.

πŸ”΅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?

πŸ”΅U.S. economic uncertainty: Investor concerns about inflation and interest rates impact #crypto prices.

πŸ”΅#Fed's rate cut outlook: Powell's remarks dampen hopes for 2024 rate cuts.

πŸ”΅Spot #BitcoinETF outflows: Significant withdrawals from Bitcoin ETFs indicate a de-risking strategy.

πŸ”΅Long #liquidations: Increased selling pressure from liquidated long positions drives market down.

πŸ”΅Weakening market structure: Technical analysis shows declining trend and loss of crucial support level

πŸ”΅#MtGox cold wallet transfer: Created uncertainty and panic as creditors cash out.

πŸ”΅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 MoreπŸ‘‡πŸ‘‡πŸ‘‡

https://coinpedian.substack.com/p/will-bitcoin-see-market-capitulation
#BitcoinETF Movements on July 31

πŸ”ΉBitcoin Spot ETF: Net inflow of $298,900

πŸ”ΉGrayscale ETF (GBTC): Net outflow of $0.00

πŸ”ΉGrayscale Mini ETF (BTC): Net inflow of $17.9954 million

πŸ”ΉBlackRock ETF (IBIT): Net inflow of $20.9892 million

πŸ”ΉFidelity 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

πŸ”΅Total Net Inflow: $194.6 million

πŸ”΅#Grayscale ETF (GBTC) Outflow: $183 million

πŸ”΅#BlackRock ETF (IBIT) Inflow: $158 million

πŸ”΅#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
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 β€œCrypto 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.

πŸ”Ÿ
#OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
#BitcoinETF Movements on August 13

πŸ”΅Total
#Bitcoin spot #ETF inflow: $38.9442 million.

πŸ”΅
#Grayscale ETF (GBTC) had an outflow of $28.6459 million.

πŸ”΅
#BlackRock ETF (IBIT) saw an inflow of $34.5503 million.

πŸ”΅
#Fidelity ETF (FBTC) had an inflow of $22.5639 million.

Source: https://farside.co.uk/btc/
#BitcoinETF Activity on August 15

πŸ”΅Total Net Inflow:
#Bitcoin spot #ETFs saw a net inflow of $11.1 million.

πŸ”΅
#Grayscale GBTC Outflow: Investors withdrew $25 million from the Grayscale GBTC ETF.

πŸ”΅Grayscale Mini ETF Inflow: The Grayscale mini Bitcoin ETF received an inflow of $13.7 million.

πŸ”΅
#Fidelity FBTC Inflow: The Fidelity Bitcoin ETF had an inflow of $16.2 million.

#cryptoNews #Crypto

Source: https://farside.co.uk/btc/
#BitcoinETF Market Summary (August 26)

πŸ”΅Total Net Inflow: #Bitcoin spot ETFs saw $203 million in net inflows.

πŸ”΅#Grayscale ETF Performance: GBTC experienced no daily net outflows.

πŸ”΅#BlackRock ETF Performance: IBIT had a daily net inflow of $224 million.

πŸ”΅Total Net Asset Value: Bitcoin spot #ETFs' combined value reached $58.473 billion.

Source: https://farside.co.uk/btc/
#Bitcoin Spot #ETF Movements on August 29

πŸ”΅Total Net Outflow: $71.73 million

πŸ”΅#Grayscale ETF (GBTC) Outflow: $22.68 million

πŸ”΅Ark Invest and 21Shares ETF (ARKB) Inflow: $5.34 million

πŸ”΅Total Net Asset Value: $54.36 billion

πŸ”΅Overall Movement: Net decrease in #BitcoinETF assets due to more outflows than inflows

Source: https://farside.co.uk/btc/
🚨$211M Outflows Extend U.S. Bitcoin ETFs' Negative Streak🚨

πŸ’ On September 5,
#Bitcoin spot #ETFs saw a net outflow of $211 million, marking seven consecutive days of negative flows.

πŸ’ Grayscale's
#GBTC had $23.2 million, Fidelity's #FBTC $149 million, and Bitwise's #BITB $30 million.

πŸ’ Total net asset - $50.7 billion.

#CoinPedia #Crypto #BitcoinETF #cryptomarket
#Bitcoin Spot #ETFs See Major Inflows

πŸ”΅Total net inflow into Bitcoin spot ETFs reached $397 million last week.

πŸ”΅#Fidelity's ETF (FBTC) led with $138 million in inflows.

πŸ”΅#ARK 21Shares #BitcoinETF (AKRB) followed closely with $102 million in inflows.

Source:https://farside.co.uk/btc/
#Bitcoin Spot #ETF Inflows (Sept 23 - Sept 27)

πŸ”΅Overall Inflow: Bitcoin spot ETFs experienced a net inflow of $1.11 billion.

πŸ”΅#BlackRock ETF (IBIT): Received $499 million in inflows.

πŸ”΅21Shares #BitcoinETF (ARKB): Gained $269 million in inflows.

Source: https://farside.co.uk/btc/
#Bitcoin ETFs Surge with $61.3 Million Inflow

πŸ”΅
#BitcoinETF Inflows: On September 30, Bitcoin spot #ETFs saw a net inflow of $61.3 million.

πŸ”΅Consistent Growth: Inflows for Bitcoin spot ETFs have continued for 8 days.

πŸ”΅BlackRock Success: The
#BlackRock ETF (IBIT) had an inflow of $72.2 million.

Source: https://farside.co.uk/btc/
ETF Inflows and Outflows on October 2

#BitcoinETF #EthereumETF

πŸ”΅Total
#Bitcoin Spot #ETF Outflow: $91.76 million

πŸ”΅
#Grayscale ETF (GBTC) Outflow: $27.31 million

πŸ”΅ARKB ETF Outflow: $60.28 million

πŸ”΅
#Fidelity ETF (FBTC) Inflow: $21.08 million

πŸ”΅
#Ethereum Spot ETF Net Inflow: $14.45 million

πŸ”΅
#BlackRock ETF (ETHA) Inflow: $18.04 million

Source: https://farside.co.uk/
#Bitcoin and #Ethereum #ETF Update (October 21)

πŸ”΅
#BitcoinETF: Recorded a net inflow of $294 million, continuing a trend for 7 straight days.

πŸ”΅BlackRock
#ETF (IBIT): Experienced a notable inflow of $329 million, reflecting strong investor interest.

πŸ”΅
#EthereumETF: Saw a net outflow of $20.8 million, indicating reduced investment in Ethereum.

πŸ”΅Overall Market Trend: Positive momentum for Bitcoin ETFs, contrasting with challenges for Ethereum.

πŸ”΅Investor Sentiment: Growing confidence in Bitcoin as a preferred investment choice over Ethereum.

Source:
https://sosovalue.com/assets/etf/us-btc-spot
#Bitcoin and #Ethereum Spot #ETF Activity (October 22)

πŸ”Έ
#BitcoinETF had a net outflow of $79.09 million on October 22.

πŸ”ΈThis marked the first outflow after a week of inflows.

πŸ”Έ
#EthereumETF saw a net inflow of $11.94 million on the same day.

πŸ”ΈEthereum continued to attract investment while Bitcoin faced outflows.

#CryptoNews #crypto

Source:
https://farside.co.uk/
#Bitcoin and #Ethereum #ETF Inflows (October 31)

πŸ”΅
#BitcoinETF: Had a total net inflow of $32.1408 million.

πŸ”΅This was the lowest net inflow for Bitcoin in the last seven days.

πŸ”΅
#EthereumETF: Achieved a total net inflow of $13.0552 million.

πŸ”΅Reflects overall investor sentiment in the cryptocurrency market.

Source:
https://sosovalue.com/assets/etf/us-btc-spot