Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals
Two Ethereum-based tokens, PEPE and MOG, experienced significant price surges after U.S. ether ETF filings were approved, considered as beta bets by traders. [ more ]
Ether Traders Target $3.5K as ETH Jumps on ETF Expectations
Ethereum broke above $2,700 for the first time since May 2022.
There is bullish sentiment and buying interest in Ethereum, driven by potential ETF approval and the introduction of regulated ether products with yearly rewards. [ more ]
The future of Bitcoin: $63 million enters into immediate trading funds
Bitcoin breaches $63,000 mark with increased trading volume; Grayscale records significant inflows; emergence of Bitcoin ETFs driving demand and liquidity. [ more ]
Nvidia is too overbought, invest in this AI ETF instead
Robo Global Robotics and Automation Index ETF (ROBO) is considered a better investment opportunity over Nvidia due to its diversified exposure to AI, robotics, and automation technologies. [ more ]
Bitcoin-Related Companies Show Pre-Market Gains as BTC Nears $46K
Shares of prominent bitcoin-adjacent companies rose in pre-market trading on Tuesday as the world's largest cryptocurrency started 2024 by surpassing $45,000 for the first time in 21 months.
Bitcoin ETF Approval Tipped to Be 'Sell The News' Event: CryptoQuant
Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.
The market assigns a high probability of around 90% for the approval of a spot bitcoin ETF by the Securities and Exchange Commission.
Spot-based bitcoin ETFs have advantages over futures-based ETFs, including avoiding high roll costs and allowing for the full performance benefits of holding bitcoin. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
If a spot Bitcoin ETF is approved by the SEC, it could be a major milestone for digital assets and provide institutional investors an easy way to get exposure to Bitcoin.
Analysts believe that a spot Bitcoin ETF approval could spark a demand shock in the market and potentially lead to a new crypto bull market.
The involvement of BlackRock and a court ruling requiring the SEC to revisit a previous rejection of Grayscale's application have increased the likelihood of an approval to 90%. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
First Mover Americas: Demand for Bitcoin Futures ETF BITO Ramps Up
ProShares' Bitcoin Strategy ETF (BITO) reached a record high of $1.47 billion in assets under management, indicating renewed institutional demand for bitcoin.
Grayscale is updating the trust agreement for the Grayscale Bitcoin Trust (GBTC) in anticipation of a change to a spot bitcoin ETF and to level the playing field for other applicants.
ARK Invest sold Coinbase stock and bought shares in Robinhood and SoFi Technologies. [ more ]