Author: Crypto Flexs

In just two months since its introduction, the U.S. Cash Bitcoin Exchange Traded Fund has captured nearly 90% of the daily volume market share of ETFs providing price exposure to Bitcoin.The Bitcoin futures ETF, introduced in 2021, currently has a market share of just 10%.This marks an all-time high for daily trading volume market share for spot Bitcoin ETFs, according to The Block’s data dashboard. These figures highlight that investors prefer direct exposure to Bitcoin through ETFs rather than Bitcoin futures contract-based products. In fact, trading volume for spot Bitcoin ETFs has remained solid since its launch on January 11,…

Capital has been flowing out of Bitcoin, suggesting the price could fall below $69,000. Despite the increased profits for holders, the price of ETH may soon reach $4,500. Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) had a good start to March despite early predictions that the month could have a negative impact on the markets. For example, Bitcoin rebounded to a new all-time high (ATH) on March 11, surpassing $72,000. Ethereum, which was once behind, has caught up. According to AMBCrypto’s altcoin rating, the price of ETH has risen 8.59% over the past seven days. This performance…

You may have seen photos of Michael Saylor riding in a Bitcoin-branded van. A cheerful man is right next to the car door. This one: Ariel Aguilar and La Bitcoineta European Edition on BTC Prague. The car is Bitcoineta European Edition and the cheerful man is Ariel Aguilar. Ariel is part of the European Bitcoineta team and he has previously driven another similar car in Argentina. In fact, there are currently five cars in the world with the name Bitcoineta (in some cases prefixed with the Spanish definite article “La”).Argentina: The Original La BitcoinetaThe story of Bitcoinetas begins with the…

CoinShares completes the strategic acquisition of Valkyrie ETF Business, strengthening its U.S. market presence and increasing global AUM. CoinShares, a leading European investment firm specializing in digital assets, announced that it has completed the strategic acquisition of Valkyrie Funds LLC, the investment advisory business of Valkyrie Investments Inc., and sponsorship rights for the Valkyrie Bitcoin Fund, a physically backed Bitcoin. . ETF. This acquisition is a significant step forward in CoinShares’ U.S. expansion strategy, increasing its global assets under management (AUM) to approximately $7.3 billion as of March 11, 2024. The acquisition follows CoinShares granting the company an exclusive option…

Highly anticipated approval prospects Ethereum Exchange Traded Fund (ETF)) is shrinking as top market analysts and experts say the odds of approval have dropped significantly over time and have expressed doubts about its viability. Ethereum ETF approval probability falls to 35% On Monday, Bloomberg Intelligence ETF expert Eric Balchunas reported that the odds of approval for an Ethereum spot ETF have plummeted significantly over the past few months. Eric Balchunas leverages the social media platform share Cryptocurrency community updates. According to experts, we now have “only a 35% chance of success.” ETH The ETF was approved by the U.S. Securities…

Solana is gaining bullish momentum above $150. SOL price is showing positive signs and may break above the $162 resistance level in the near term. SOL price started a new rise from the $138 support level against the US dollar. The price is currently trading above $150 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair (data source from Kraken), there is a connecting bullish trendline forming support at $140. If it breaks the $156 and $162 resistance levels, the pair could continue to rise. Solana price begins a new rebound Solana price formed…

OKX has announced the listing of Aevo (AEVO), a derivatives-focused L2 platform for spot trading, with a trading schedule starting March 12, 2024. Leading global cryptocurrency exchange OKX has officially announced the listing of its new derivatives layer 2 platform, Aevo (AEVO), on the spot trading market. OKX said Aevo, which specializes in options and perpetual trading, will be able to conduct spot trading on its platform. This strategic addition is consistent with OKX’s mission to diversify its trading services and meet the growing demand for derivative trading options within the cryptocurrency community. Aevo’s Integration into OKX Ecosystem: Schedule and…

Tortola, British Virgin Islands, March 12, 2024, Chainwire Nibiru Chain, a developer and user-centric layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out in that it provides a secure and efficient environment for building high-performance decentralized applications. It differentiates itself with a robust smart contract ecosystem that delivers exceptional throughput and unparalleled security, and is the platform for builders of games, real-world assets (RWA), NFTs, DeFi, and more. Empowering users with a rich ecosystem At launch, Nibiru Chain will offer extensive functionality to the community and potential builders. Users can participate in staking with NIBI validators…

Aleo has released new research showing that while the majority of consumers want products and technology solutions dedicated to protecting user data, few trust cryptocurrency companies.Research shows that 67% of consumers will switch to products that offer data protection features. Aleo said he also found that the majority of people, regardless of age, were worried about protecting their privacy. However, only 10% of respondents expressed “a lot of trust” in cryptocurrency companies.Of those surveyed, 14% said they had a “fair level” of trust in blockchain-based organizations.Leena Im, Chief Strategy Officer at Aleo Ventures, said: “Despite the fundamental role of cryptography…

The Economic Intelligence Unit says the Central Bank of Nigeria is unable to stop the rapid depreciation of the local currency. The continued volatility of the Naira is expected to result in regulatory irregularities, primarily affecting businesses that hold foreign exchange. Nigeria pushes for reforms The Economic Intelligence Unit (EIU) (…)