Grayscale predicts approval of altcoin-based #ETFs
Approval is expected within the next two to three years, but there is a possibility that it may happen sooner.
π - if you are waiting
π - if you are waiting for ETFs of meme coins
Approval is expected within the next two to three years, but there is a possibility that it may happen sooner.
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Exactly as expected β institutions are starting to actively utilize this instrument
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Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.
In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins
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This inflow was the second largest since the launch of the ETF. The inflows have continued for 16 consecutive trading days, reaching $3.2 billion
Currently, U.S. spot #bitcoin ETFs hold coins worth more than $61 billion, which accounts for 4.43% of all existing bitcoins
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#Opinion #Analytics
πΌ According to experts from Bitfinex, the consolidation phase is over, and the market is preparing for a bull run
The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.
Do you share the experts' opinion?π§
The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.
Do you share the experts' opinion?
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The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.
#CryptoNews
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Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."
Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history
#CryptoNews
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The regulator no longer claims that #Ethereum is a security π₯³
Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.
#CryptoNews
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#Opinion
π― Analysts from #SpotOnChain believe that Wall Street traders are making a classic mistake
By analyzing the 30-day flow dynamics into spot #bitcoin-#ETFs, experts concluded that Wall Street is buying #BTC at its peaks and selling at its lows.
Good for them! Selling low means that you bought it highπ
By analyzing the 30-day flow dynamics into spot #bitcoin-#ETFs, experts concluded that Wall Street is buying #BTC at its peaks and selling at its lows.
Good for them! Selling low means that you bought it high
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Yesterday's trading session ended with an influx of $129 million, marking the fifth consecutive day of inflows into #BTC-ETFs.
However, judging by the reactions to the previous post, not all of you know what an ETF is, so hereβs a special #Glossary:
Moreover, ETFs can be bought through regular brokerage accounts, making Bitcoin accessible to a larger number of potential investors and companies that do not want to take on the risks of storing cryptocurrency but want to invest in the asset.
#CryptoNews
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Jerome Powell claims that the Fed is focusing heavily on reducing interest rates and that inflation is moving towards the 2% level.
#CryptoNews
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#FactOfTheDay
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#Lookonchain believes that the drop below $60,000 is due to institutional investors ceasing to accumulate #USDT.
The insufficient inflow of stablecoins to exchanges indicates a lack of buying pressure, but with the start of the new week, funds may begin taking advantage of the #BTC drop to accumulate it, which would bring new capital into #ETFs.
#Opinion
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