Bitwise CIO Predicts Potential Trillion-Dollar Inflows into Bitcoin Spot ETFs
Hougan’s bullish prediction is based on Bitcoin’s impressive growth of nearly 300% over the past 15 months.
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009.
Hougan’s bullish prediction is based on Bitcoin’s impressive growth of nearly 300% over the past 15 months.
Major institutional investors, such as BlackRock and ARK 21Shares, have invested $323 million and $200 million, respectively, signaling their confidence in BTC Exchange-Traded Funds (ETFs)
Ethereum’s memory segments, known as “blobs”, are encountering storage issues due to excessive text or image storage, termed “Blobscriptions”. A staggering 40% of the blobs are currently occupied by inscriptions.
The report shows that the Singapore investors involved in cryptocurrency are becoming more clear and confident about their investment strategies.
With its monthly provision of PoR, which allows users to estimate the company’s health, the exchange has continued to prove to users that their funds are safe.
Animoca Brands Chairman said that HKD-pegged stablecoins would help Hong Kong create unique position for itself in the overly crowded crypto space. He also pushed for crypto ETFs in order to boost Web 3.0 investments in the region.
US’s success with Bitcoin ETFs challenges Japan’s stricter regulations on crypto investment products.
The partnership between COTI and Civic will enhance web3 data protection and confidentiality via the COTI V2’s, Ethereum-based layer two network.
The Bitcoin ETF market continues to see new competitors. Hashdex, a crypto asset management firm, announced its futures fund’s transformation into a spot product.
Hashoni cautioned that the high buying activity from large wallets could potentially lead to a pullback, as whales require sell pressure to accumulate more Bitcoin.