This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Ethereum (ETH) is a huge beneficiary of the recent price correction. Beyond the $155 million in inflows last week, its year-to-date inflows have reached $862 million.
Presently, ETHA stands as one of the top six ETF launches of the year.
It is now a possibility that there is a postponement of the final deadline for a SEC decision.
While five of the eleven approved Bitcoin ETFs saw positive inflows running into the millions, the remaining products experienced mixed results.
NYSE American’s request follows Nasdaq’s proposal to the SEC, seeking approval for options trading on the BlackRock iShares Ethereum Trust (ETHA).
Despite recent inflows signaling renewed confidence in Bitcoin ETFs, Grayscale’s GBTC continues to struggle with significant outflows, highlighting ongoing investor hesitation.
Meanwhile, the crypto ETFs in the United States are showing good performance only that the last few days came with some level of turbulence.
The US-based spot Ethereum ETFs registered a total cash inflow of about $150 million led by BlackRock’s ETHA.
Mox is planning to introduce a “core portfolio” product later in 2024. With this, the bank aims to offer advanced trading solutions to retail investors, customized to individual customer financial goals.
Despite these outflows, the overall net asset value (NAV) of Bitcoin spot ETFs remains substantial at $51.47 billion.
Despite major Bitcoin fund outflows, spot Ether ETFs saw a net inflow of $48.73 million, suggesting investors view Ether as a hedge or buying opportunity.
Only a few days ago, the firm sold part of its shares in Coinbase.
The US spot Ethereum ETFs have seen over $500 million in total net outflows since it started trading last month.
With Bitcoin price taking a dive under $50,000 earlier today, there’s going to be a similar reaction in MSTR price moving forward.
Stocks linked to cryptocurrency exchanges and technology investments have also taken serious hits as well.