Articles for tag: Bitcoin ETFs, cryptocurrency investment, Ethereum ETFs, Franklin Templeton, Hashdex, institutional investors, SEC approval

December 20, 2024

SEC Approves Hashdex and Franklin Templeton Dual Bitcoin-Ethereum ETFs, Paving the Way for Broader Crypto Investment Opportunities

The SEC has approved new Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, making it easier for institutional investors to access these major cryptocurrencies. This announcement comes during a tumultuous time in the crypto Market, with Bitcoin recently dropping to below $96,000 and Ethereum falling to $3,440. The approval covers two specific ETFs: the ...

December 20, 2024

Market News

Crypto

Bitcoin’s Promising Future: How US Embrace of Cryptocurrency Could Shape 2025 Trends and Investments

In 2024, Bitcoin’s price skyrocketed over 140%, reaching $100,000 for the first time. This surge was fueled by the launch of Bitcoin Spot ETFs and reduced supply due to the fourth halving event. The election of crypto-friendly Donald Trump further boosted Market confidence. Experts predict that Bitcoin could exceed $200,000 by 2025, supported by strong ...

December 17, 2024

Market News

Crypto

Crypto Investment Products Achieve Record Year-to-Date Inflows, CoinShares Reports Unprecedented Growth in 2023 Financial Landscape

Crypto investment products have surged in 2024, with net inflows reaching an impressive $3.2 billion just last week, according to CoinShares. This has pushed the total year-to-date inflows to a record $44.5 billion, surpassing previous years by four times. A significant portion of this growth is driven by U.S. spot Bitcoin exchange-traded funds (ETFs), which ...

December 16, 2024

Market News

Crypto

Bitcoin Reaches Record High of $106,000 Driven by Unstoppable ETF Demand and Market Enthusiasm

Bitcoin has captured investor interest once again, soaring past $106,000 to reach a new all-time high. This remarkable increase of over 50% since Donald Trump’s presidential win in November is fueled by optimism surrounding bitcoin-friendly policies. Institutional demand, particularly through bitcoin exchange-traded funds (ETFs), has been a significant driver, with more than $2 billion in ...

December 16, 2024

Market News

Crypto

2025 Crypto Policy Blitz: States Embrace Bitcoin After a Strong 2024 Despite Emerging Risks in the Cryptocurrency Market

As 2024 begins, Donald Trump’s presidency points towards a more bitcoin-friendly approach, potentially encouraging state governments to embrace cryptocurrency investments. Supporters view bitcoin as a valuable hedge against inflation, similar to gold, while critics caution that investing in crypto is highly speculative and carries significant risks. Currently, only a few public pension funds have ventured ...

December 16, 2024

Market News

Crypto

Why This Bitcoin Rally Stands Out: Key Factors Driving the Current Surge in 2023

Bitcoin is experiencing a remarkable year in 2024, having surged 130% and recently reaching $100,000. This rally stands out from previous ones due to the introduction of spot Bitcoin exchange-traded funds (ETFs), which have drawn significant investor interest, amassing tens of billions in assets. Additionally, the incoming Trump administration’s pro-crypto policies, including plans for a ...

December 16, 2024

Market News

Crypto

Grayscale Bitcoin Trust ETF Sees Over $21B in Outflows in Less Than a Year: Market Impact and Analysis

The Grayscale Bitcoin Trust (GBTC) has experienced over $21 billion in withdrawals since its launch in January, making it the only U.S. spot Bitcoin ETF with a negative net investment flow. Averaging nearly $90 million in daily losses for the past 11 months, GBTC’s total outflows reached $21.045 billion by mid-December. In contrast, nine other ...

December 14, 2024

Market News

Crypto

Crypto Miners Adopt MicroStrategy’s Bitcoin Strategy: A Shift in Digital Asset Investment Trends

Crypto miners are increasingly adopting a Bitcoin accumulation strategy, similar to MicroStrategy, to cope with profitability challenges. Factors like the April reward halving, which reduced Bitcoin earnings per block, and a rising network hashrate are intensifying competition in mining. Instead of selling off their Bitcoin to cover expenses, many miners are choosing to hold onto ...

December 11, 2024

Market News

Crypto

Top Cryptocurrency to Invest in Now: Insights from Cathie Wood of Ark Invest on Potential 3,890% Growth

Cathie Wood, CEO of Ark Invest, is vocal about her support for Bitcoin, predicting its price could soar to $3.8 million by 2030, a significant increase from its current value. Recently, Bitcoin has risen over 40%, hitting six figures for the first time. Wood attributes this potential surge to growing interest from institutional investors, with ...

December 10, 2024

Market News

Crypto

Exploring the Rise of Altcoins in 2024: Trends and Insights into the Future of Cryptocurrency

FBS, a prominent global broker, has announced the resurgence of alt-season in the cryptocurrency Market, highlighting the rising popularity of altcoins. In 2024, projects like Fetch.ai are incorporating AI into blockchain technology, while Layer 2 solutions such as Arbitrum are boosting scalability. Meme coins like Dogecoin are also playing a role in diversifying the Market. ...