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Search Results for: etfs

Crypto Market Highlights in May 2024 Recounted

The overall crypto market witnessed key moments in May 2024. While the market witnessed price hikes, the SAB 101’s veto caused obstacles. Cryptocurrency has also played a crucial role within the US political landscape which fueled further events. Besides, with multiple crypto crimes and significant arrests the month has been

June 3, 2024 3 mins read

Is Bitcoin on the Verge of a Major Bullish Breakout?

Bitcoin began June on a dull note, entering the bearish zone and dropping below $67.5K. However, over the past 24 hours, it has shown signs of a slow recovery. The lowest and highest prices today ranged between $67,315.53 and $68,743.08. Currently, Bitcoin is trading at $68,688.70, reflecting a 1.43% price

June 3, 2024 2 mins read

Hong Kong Lists 11 Crypto Exchanges as Prospective for Licensing

The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days.  The list included leading exchanges Bullish, Crypto.com

June 1, 2024 2 mins read

Bitcoin’s Uncertain Path Vs  Ethereum’s ETF Optimism: What’s Ahead?

Bitcoin’s price has slipped today, while Ethereum continues to maintain slight positive momentum, sparking intense market discussions about the divergence between the two leading cryptocurrencies. A recent report from QCP Capital sheds light on the factors influencing these dynamics and highlights why analysts remain bullish on Ethereum. Bitcoin’s recent decline

June 1, 2024 2 mins read

Can Bitcoin Soon Break Past the $68,000 Resistance?

Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline.  In the past 24 hours, BTC prices have dropped by 1.05%, with

June 1, 2024 2 mins read

ARK Invest Steps Out of 21Shares Spot Ethereum ETF Partnership

Ark Invest, the prominent global asset manager, announced on June 1, that it is no longer a partner in the ARK 21Shares spot Ethereum ETFs. The platform stated that 21Shares will be going solo on the Ethereum ETFs.  Following this, the SEC released the amended S-1 filings where the ETF

June 1, 2024 2 mins read

Ark Invest Sees $100M Outflow from Bitcoin ETF, Largest Since Launch

With a net inflow of $48.71 million, U.S. spot bitcoin exchange-traded funds have now recorded 13 days of net inflows. Two bitcoin funds, one from Fidelity and the other from Ark Invest and 21Shares, had large movements yesterday. SoSoValue data shows that FBTC (Fidelity) led net inflows of $119 million

May 31, 2024 2 mins read

Bitcoin (BTC) Bulls Eye $70K Amid Crypto Market Swings

Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days

May 31, 2024 2 mins read