After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain
According to CoinShares’ reporting, crypto investment products had a $435 million outflow for the week ending April 26. As the price of Bitcoin is stuck around the low $60,000 level, crypto exchange-traded products (ETPs) have seen withdrawals for three weeks in a row. With $423 million leaving the market after
Hong Kong is poised to launch its first spot of Bitcoin ETFs tomorrow, April 30. While anticipation runs high, questions linger about whether these ETFs can emulate the success witnessed in the US market. Spearheaded by leading asset managers HashKey Capital and Bosera, the imminent launch underscores Asia’s growing influence
As the crypto market shifts towards an uptrend and Bitcoin ETFs gain momentum, Australia is poised to ride the bullish wave in the crypto market with the imminent launch of Bitcoin exchange-traded funds (ETFs). This announcement follows in the footsteps of the US and Hong Kong lead; prominent issuers like
April has been an extraordinary month, in which the cryptocurrency industry has seen significant changes.The Bitcoin halving has been completed. Concurrently, Dubai became a hub for cryptocurrency experts, including practitioners, key opinion leaders (KOLs), investors, and media representatives. In this vibrant atmosphere, Coinstore successfully hosted two major events: the “2024
The new partnership between Polygon (MATIC) and Robinhood Wallet is a major step forward in Q2 2024 strategy. Users can use Polygon’s proof-of-stake network (PoS) to conduct cross-chain swaps in Robinhood Wallet. The partnership, which was unveiled on April 27, 2024, makes use of LI.FI and 0x Project technologies. Because
Depository Trust & Clearing Corporation (DTCC) has decided to assign zero collateral value to Exchange Traded Funds (ETFs) featuring Bitcoin or other cryptocurrencies as underlying assets. Effective immediately, these securities will face a 100% haircut, aimed at mitigating risks within the financial system and reducing leverage-based financialization games on Wall
The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,
Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF. Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated
Ethereum has emerged as a focal point of discussion in the cryptocurrency community, with traders closely monitoring reports surrounding the SEC’s rumored plans to reject spot EthereumETF proposals in May. Despite optimism stemming from the approval of spot Bitcoin ETFs in January 2024 and the excitement surrounding the BTC halving
