The launch of spot Ethereum ETFs last Tuesday was met with initial enthusiasm, as evidenced by the $106 million in net flows on the first day. However, this optimism quickly dissipated as the following days saw significant outflows totaling $341.8 million. In comparison, spot Bitcoin ETFs had a much more successful start, with inflows totaling
Semilore Faleti is a prominent cryptocurrency writer known for his expertise in journalism and content creation within the blockchain and cryptocurrency space. With a focus on educating both newcomers and veterans in the industry, Semilore has made significant contributions to the understanding and adoption of digital assets. Starting his career by writing on various topics,
The cryptocurrency industry has faced a series of ups and downs in 2024, with the approval of exchange-traded funds (ETFs) tracking Ethereum’s performance by the US Securities and Exchange Commission being one of the highlights. While the initial enthusiasm surrounding the ETF launch led to substantial inflows, the market quickly turned sour in the following
The CEO of VanEck, Jan van Eck, recently shared his thoughts on Bitcoin during the BTC Conference in the United States. Van Eck emphasized the importance of Bitcoin in the modern financial landscape, stating that over 30% of his portfolio is allocated to this primary digital asset. VanEck is a prominent player in the investment
Kennedy’s proposal for the federal government to purchase Bitcoin until it matches the value of the nation’s gold reserves is a bold and controversial idea. With US gold reserves currently valued at around $615 billion, acquiring 9.4 million BTC would make up almost 45% of the total Bitcoin supply. This move raises questions about the
In the aftermath of the launch of the Spot Ethereum ETFs, the price of ETH has surprisingly continued to struggle, defying the expectations of many in the market. The launch of the ETFs, which was initially met with excitement, has turned out to be a ‘sell the news’ event. Since the start of trading on
Despite the excitement surrounding the launch of several Ethereum ETFs this week, the price of Ethereum actually experienced a significant drop of over 10%. This unexpected turn of events transformed the ETF launch into a sell-the-news moment for investors. The support level at $3,300 has now turned into a resistance level, potentially pushing ETH down
During the industry day of the annual Bitcoin conference in Nashville, Tennessee, Robert Kennedy Jr., an independent candidate for the US presidency, presented a bold financial policy plan that has the potential to revolutionize the United States’ monetary policy. His plan involves strategically acquiring Bitcoin to match the current US gold reserves, valued at $619
Friday, July 26, marks a significant event in the crypto market as around 61,200 Bitcoin options contracts with a notional value of approximately $4.26 billion are set to expire. This expiry event is larger than usual due to the month-end timing. Despite the launch of spot Ethereum ETFs in the United States, the spot markets
A crypto analyst, known as ‘Trader Tardigrade’, recently made a bold prediction regarding Bitcoin’s price trajectory. According to the analyst, Bitcoin is currently forming a key technical pattern called the “Cup with Handle” chart pattern. This unique indicator typically resembles a cup shape followed by a downward price trend that emulates a handle. Trader Tardigrade