Trading Volume on Proshares Bitcoin ETF Tanks 75% As Focus Shifts To Spot ETFs
Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.
ETF
No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.
Ether Could Soar in 2024 on the Back of Dencun Upgrade, ETF Narrative: Analysts
The ether- bitcoin ratio has surged 10% in the first 19 days of the year, taking back part of last year’s 25% slide.
Crypto Bulls Lose $217M as Apparent Grayscale Sales Weighs on Bitcoin
Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”
Crypto for Advisors: The Regulators are Here
As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals.
BlackRock’s Bitcoin ETF Hits $1B AUM in One Week
IBIT’s holdings consist of 99% bitcoin, and nearly $60,000 in fiat, data shows.
Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say
Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.
Bitcoin and Ethereum to Lead Altcoins Higher in 2024
The rise of bitcoin and ethereum, and more favorable macro conditions, could be good news for altcoins this year, says Todd Groth, head of research at CoinDesk Indices.
BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple
Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.
Bitcoin Traders Eye Support at $40K as ETF Contrarian Bets Prove Right
The approval of spot bitcoin ETFs in the U.S. was much anticipated and well-priced, so the event will likely be a short- to mid-term top for the price, analysts said.