📢 Breaking News: Matrixport's Latest Report Predicts SEC Rejection of All Bitcoin Spot ETFs in January!
#Matrixport report suggests that final approval for Bitcoin spot #ETFs may be achieved in Q2, but warns that the SEC might reject all Bitcoin spot ETFs this month.
The report also forecasts a potential decline in #Bitcoin price to the $36,000-$38,000 range and recommends investors to consider buying put options or even short Bitcoin.
$BTC down 10%
$ETH down 12%
$SOL down 21%
$AVAX down 20%
$INJ down 23%
$BONK down 30%
$JTO down 32%
Remember, this is just a prediction!
Stay informed and make your own decisions.
Share your thoughts on the matter below!
Report: https://www.matrixport.com/institutions/research/daily-insights/811
#Matrixport report suggests that final approval for Bitcoin spot #ETFs may be achieved in Q2, but warns that the SEC might reject all Bitcoin spot ETFs this month.
The report also forecasts a potential decline in #Bitcoin price to the $36,000-$38,000 range and recommends investors to consider buying put options or even short Bitcoin.
$BTC down 10%
$ETH down 12%
$SOL down 21%
$AVAX down 20%
$INJ down 23%
$BONK down 30%
$JTO down 32%
Remember, this is just a prediction!
Stay informed and make your own decisions.
Share your thoughts on the matter below!
Report: https://www.matrixport.com/institutions/research/daily-insights/811
The 2024 #Bitcoin Supply Crunch Cometh
In just 9 days of ETF trading:
🟢 ~1,20,000 $BTC bought by #ETFs
🟢 Grayscale sold ~1,00,000 BTC
🟢 27K mined/month today
🟢 13.5K to be mined post-halving
Simple math:
🟢 New ETF demand outweighs
🟢 Selling pressure &
🟢 Dilution from new supply
Once #Grayscale unwinding slows, brace for fireworks as hodlers like yours truly continue stacking sats.
With the trifecta of:
🟢 Surging institutional inflows
🟢 Decelerating miner selling
🟢 Plus supply shock from halving
2024 promises a supply-driven #BTC melt-up for the ages.
Stack sats & hold on tight!
In just 9 days of ETF trading:
🟢 ~1,20,000 $BTC bought by #ETFs
🟢 Grayscale sold ~1,00,000 BTC
🟢 27K mined/month today
🟢 13.5K to be mined post-halving
Simple math:
🟢 New ETF demand outweighs
🟢 Selling pressure &
🟢 Dilution from new supply
Once #Grayscale unwinding slows, brace for fireworks as hodlers like yours truly continue stacking sats.
With the trifecta of:
🟢 Surging institutional inflows
🟢 Decelerating miner selling
🟢 Plus supply shock from halving
2024 promises a supply-driven #BTC melt-up for the ages.
Stack sats & hold on tight!
Top News
-Morgan Stanley's Wilson says a 10% fall in S&P 500 by US election is 'highly likely
- India Boosts Gold Reserves by Most in Two Years, WGC Says
-All spot Ethereum ETF applicants filed updated S-1's
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
-DigitalX to list Bitcoin ETF on Australia’s main stock market.
- Bitcoin spot #ETFs recorded a positive net inflow of $294.9 million on July 8th
-Morgan Stanley's Wilson says a 10% fall in S&P 500 by US election is 'highly likely
- India Boosts Gold Reserves by Most in Two Years, WGC Says
-All spot Ethereum ETF applicants filed updated S-1's
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
-DigitalX to list Bitcoin ETF on Australia’s main stock market.
- Bitcoin spot #ETFs recorded a positive net inflow of $294.9 million on July 8th
Crypto Net Inflow : Aug 30th
BTC ETFs : -$175.6M
ETH ETFs : $0.0M
Ethereum Spot #ETFs experienced a unique occurrence where both the total net inflow and net outflow were recorded as $0.00.
BTC ETFs : -$175.6M
ETH ETFs : $0.0M
Ethereum Spot #ETFs experienced a unique occurrence where both the total net inflow and net outflow were recorded as $0.00.