In a rather bearish environment for most exchange-traded funds tracking the largest cryptocurrencies, the funds behind XRP managed to maintain their green monthly streak. However, there are still two issues that deserve attention, as it’s not all good news. XRP ETFs Still in the Green The spot Bitcoin ETFs saw some major inflow days in […]
October, often called ‘Uptober’ in crypto markets because of past performance, is one of the year’s most anticipated months, and this edition followed that trend, as BTC had seen three consecutive months in the green leading up to it. Reality, though, was different as usual, and data shows that BTC tanked by over 7.3%. Here’s […]
Although Thursday saw the highest daily net outflow in four months of well over $600 million, the spot Bitcoin ETFs still managed to end the week in the green. The same cannot be said about their Ethereum counterparts, which have bled for the fourth consecutive week. BTC ETF in the Green But… It was a […]
The spot exchange-traded funds tracking bitcoin experienced their worst week in terms of outflows since the end of June, which became one of the reasons behind the underlying asset’s major correction. Although the net outflows from the spot Ethereum ETFs were slightly less, the overall ETH picture is worse given the lack of any green […]
Bitcoin (BTC) was trading near $84,000 after another failure to break above its yearly open at $87,700. Bitfinex said the next move will depend more on renewed spot demand than on increased futures leverage. Bitcoin had reached $87,200 on October 2, before retreating below the key level. The rejection marked the third failed breakout in […]
It was hard to imagine after June ended and the massive outflows recorded within the first six months of the year, but the spot BTC ETFs have managed to turn the tables and are actually well in the green now YTD. The spot Ethereum ETFs have erased last week’s losses, and the cumulative net inflows […]
Bloomberg ETF analyst Eric Balchunas said this week that Bitcoin ETFs could eventually reach three times the assets of gold ETFs, pointing to younger investors, falling volatility and stronger sales activity around BTC funds. His view rests on a long-term shift in who owns Bitcoin and how institutions use it, rather than a claim that […]
Bitcoin dipped below $80,000 as strong US jobs data raises the chances of another interest rate hike. Markets now put the odds of a Federal Reserve rate hike on September 16 at about 60%. According to the recent Bitfinex Alpha report, the US added 162,000 jobs in August, while unemployment stayed at 4.1%. The data […]
Bitcoin is trading above $79,000 after US spot ETFs pulled in a reported $730.9 million in a single day last week, their second-largest daily inflows of the year after the $843.6 million they drew in on January 14. Crypto analysis platform CryptoRus, in its latest market letter, framed this week as a test of whether […]
For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto. Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a BTC […]