$80 Million Crypto Fund Nickel Tapers Investors’ Expectations after Record Performance
Amid a strong mix of trading volumes, market volatility, and “high dispersion”, Nickel’s Diversified Alpha fund returned 5% during the month of March.
The SEC seeks advice of organizations and officials related to the approval of the Winklevoss twins’ Bitcoin ETF to get independent insight.
Amid a strong mix of trading volumes, market volatility, and “high dispersion”, Nickel’s Diversified Alpha fund returned 5% during the month of March.
Despite some optimism that China’s crypto restrictions will not extend to ETFs, Bloomberg senior ETF analyst Eric Balchunas stated that it is highly unlikely to happen.
Despite recent outflows from Bitcoin ETFs, analyst Eric Balchunas says it’s only 1% of total inflows and calls it “minuscule” in the bigger picture.
Chia Network confidentially filed an amended S-1 form with the US Securities and Exchange Commission at the end of March 2024.
The recent sight of ETF outflow aligns with Bitcoin’s downward trajectory. The cryptocurrency lost 13% of its worth over the past week.
The recorded investment in Web3 efforts increased considerably in Q1 2024 compared to figures from Q4 2023 as investor confidence heightens.
The speculations of these analysts underscore the previous opinion shared by Bloomberg Senior ETF Analyst Eric Balchunas.
The first quarter of 2024 saw the total crypto market cap gain over $1.1 trillion fueled by the historical approval of spot Bitcoin ETFs in the United States.
Spot Bitcoin exchange-traded funds have seen steady trading volumes in April after reaching a peak in early March, maintaining solid activity around $215 billion.
Bybit CEO Ben Zhou attributes the current crypto bull market to institutional investors, with a 186% increase in institutional capital flows last year.