Matt Hogan, CIO of Bitwise Invest, took to social media platform X on Monday to refute a researcher’s claim that investment advisors are seeing low adoption of spot Bitcoin ETFs.“Investment advisors are adopting Bitcoin ETFs faster than any new ETF in history,” Hougan said in his post.. BlackRock’s position Bitcoin +5.94% The fund attracted “net inflows of $1.5 billion from investment advisers, which Bianco calls ‘a small amount’ because it represents just a fraction of the total $46 billion that has flowed into Bitcoin ETFs.”Hougan’s comments came in response to a lengthy post by market research expert Jim Bianco, who…
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September 09 Bitfinex Alpha | BTC is tied to stocks, but alts are outperforming Posted at 12:53h On Bitfinex Alpha Maria Robusova SubscribeTo Bitfinex Alpha! Would you like to receive alpha from Bitfinex every week? Subscribe Last week, BTC fell 10.7% in its first week since opening in September, continuing a downward trend that has continued since late August. However, this decline took the price below the critical low of $56,711, which was similarly marked on May 1, a level that had previously triggered a rapid recovery. The sell-off has reduced leveraged positions, indicating that the market is potentially approaching…
Timothy Morano September 9, 2024 11:31 Binance Futures will be improving trading options by launching RPL perpetual contracts with USDⓈ margining with up to 75x leverage. Binance Futures will expand its trading products by introducing USDⓈ Margined RPL perpetual contracts, allowing for up to 75x leverage. According to Binance, this new trading option will be available starting September 9, 2024 at 12:30 UTC. Key Features and Specifications RPLUSDT perpetual contracts have a maximum funding rate of +2.00% / -2.00%, and funding fee payments are made every 4 hours. Binance emphasized that adjustments to contract…
A prominent crypto strategist believes one decentralized finance (DeFi) altcoin is gearing up for an “explosive” rally. Altcoin Sherpa, an anonymous analyst, told his 215,400 followers on social media platform X that the native token of lending platform Aave (AAVE) could soon see an uptrend again after trading range-bound for several weeks. “The real move in AAVE is coming soon. I caught it (September 8th) but got out (with a scalp). But I think there will be a more explosive move… lots of compression. Of course, we need BTC to play well first, but keep an eye on AAVE.” Source:…
Bitcoin (BTC) fell 7% between September 5 and September 7, but held its daily close near $54,000, later recovering some of its losses to reach $55,300. This move mirrored price action in global equity markets, but several factors, including expected inflation data and increased risk to the dominance of the US dollar, could help explain the Bitcoin price rally.Mixed Expectations for Bitcoin Price Based on US Inflation FiguresThe S&P 500 index futures have risen 1.4% since hitting a low on September 6, giving investors more confidence that the U.S. central bank will cut rates in the coming months to stimulate…
U.S. publicly traded Bitcoin miner Bitfarms has postponed its annual general meeting of shareholders by a week to reevaluate Riot Platforms’ revised request.Bitfarms (BITF) has rescheduled its originally scheduled meeting from October 29 to November 6 at the request of Riot Platforms (RIOT) on June 24. Riot revised its request, citing concerns about Bitfarms’ recent governance changes and the proposed acquisition of Stronghold Digital ahead of a special meeting on September 3 to vote on restructuring the Bitfarms board. Riot has advocated for additional changes to the Bitfarms board, citing the need for independent oversight and better governance practices to…
After Pavel Durov’s release and public relief, Toncoin bounced back above $5. Volumes surged by more than 148%, driving interest in both spot and futures markets. There is a resistance line forming at $5.51, and if a breakout occurs, TON can rise to its next target of $6.19. Toncoin (TON), the native cryptocurrency of the Toncoin blockchain, has experienced significant volatility in recent weeks due to the events surrounding Telegram and its founder Pavel Durov. After a sharp drop in price following Durov’s arrest in France, the coin has since recovered to over $5. With the next resistance level at…
reporter Posted: September 9, 2024 Significant outflows from Ethereum ETFs have raised investor interest and concerns about market performance. Despite sustained outflows in recent weeks, Bitcoin ETFs have maintained net inflows. September has proven to be an unfortunate month for the Bitcoin (BTC) ETF market. But more concerning is the underperformance of the Ethereum (ETH) ETF, which has struggled since its launch. Ethereum ETF net flow declines According to the latest update from Farside Investors, the ETH ETF experienced a net outflow of $6 million on September 6th. While other ETFs, including BlackRock’s ETHA and Fidelity’s FETH, saw inflows, Grayscale’s…
Jorg Hiller 09 Sep 2024 14:35 Bitfinex Alpha shows correlation between Bitcoin and stocks, while altcoins outperform during market downturns According to a recent report from Bitfinex Alpha, Bitcoin (BTC) continues to show a strong correlation with traditional stock markets, particularly the S&P 500, while altcoins are showing remarkable resilience. Bitcoin’s Downtrend Last week, Bitcoin saw a significant decline, dropping 10.7% in the first week of September. This continued the downward trend observed since late August, with the price falling below the critical level of $56,711 that had previously triggered a rapid recovery. Selling…
The United States Securities and Exchange Commission (SEC) has decided to discontinue its investigation into Ethereum (ETH) as a potential security, a decision that has surprised and intrigued the cryptocurrency industry. The decision, announced on June 19, 2024, comes amidst changing regulatory dynamics and external pressures that have affected the SEC’s stance on digital assets.Reasons for SEC’s DecisionAccording to Consensys attorney Laura Bruckover, the SEC’s decision to drop its investigation was not voluntary, but rather a reaction to recent developments: the approval of an exchange-traded fund (ETF) based on spot Ether may have influenced the SEC to reconsider its classification…