#future and spot bitcoin etfs

[thegeopolitica]

Bitcoin, one of the most widely used and popular cryptocurrencies, reached $60,000 on Wednesday for the first time in more than two years. During the day’s trading session, Bitcoin peaked at $60,131, a 6% increase over the previous day. The price was also the highest since November 2021, when the cryptocurrency reached just below $70,000.

[dencyemily]

Spot Bitcoin ETFs: A Deep Dive into the Pros and Cons of Purchasing and How to Get Started

Introduction: The approval of spot Bitcoin ETFs by the SEC on January 10, 2024, marked a significant milestone in the cryptocurrency landscape. Investors and traders seeking a simplified way to invest in Bitcoin found a new avenue for diversifying their portfolios. This comprehensive guide explores the intricacies of Bitcoin ETFs, detailing their definition, functionality, differences from direct Bitcoin investment, where to buy them, and the various methods of purchase.

What Is a Bitcoin ETF?

A Bitcoin Exchange-Traded Fund (ETF) is a fund that holds various assets and is traded on the exchange like stocks. Unlike traditional investments, ETFs provide a blend of stocks, bonds, and mutual funds, allowing investors to trade them throughout the day at different prices. Bitcoin ETFs specifically focus on assets related to Bitcoin, with investment firms managing these funds.

How Does Bitcoin ETF Work?

Bitcoin ETFs operate similarly to other ETFs, where the asset management company purchases Bitcoin ETFs and issues shares. Investors, upon buying these shares, gain exposure to the fund, where Bitcoin ETFs are stored as assets. ETFs can be traded on traditional stock exchanges, simplifying the investment process. Investors pay an annual fund management fee to the institute managing the fund.

Difference Between Investing in a Bitcoin ETF and Bitcoin:

One major distinction is that Bitcoin ETFs can be traded through traditional brokerage accounts, eliminating the need for cryptocurrency exchanges. Bitcoin ETFs are regulated by the SEC, providing a level of oversight and reducing volatility compared to direct Bitcoin investments. While Bitcoin itself lacks regulatory oversight, Bitcoin ETFs offer a familiar environment to new investors.

Where Can You Buy Bitcoin ETFs?

Bitcoin ETFs, post-SEC approval, are available for purchase through major fund managers, listed on exchanges like NYSE, Nasdaq, and CBOE. Notable fund managers offering Bitcoin ETF shares include ARK, Bitwise, iShares, Fidelity, VanEck, Grayscale, Franklin, Hashdex, Invesco, WisdomTree, and Valkyrie. Each has its own expense ratio and waiver periods/asset limits.

Ways To Buy Bitcoin ETFs:

Investors have multiple options for purchasing Bitcoin ETF shares:

Online Brokerage Accounts: Utilize platforms like Robinhood, Charles Schwab, or others to buy Bitcoin ETF shares through a traditional brokerage account.

Financial Advisers: Seek guidance from financial advisers who can assist in the investment process, with a growing interest in ETFs among financial advisors.

ETF Issuers: Directly visit the issuer's portal to buy ETFs, requiring a brokerage account with affiliated brokerages.

Crypto Exchanges: Anticipate the launch of Bitcoin ETF services on major crypto exchanges like Coinbase and Kraken, expected in 2024.

How To Buy Bitcoin ETFs:

Follow these steps to purchase Bitcoin ETFs:

Create a Brokerage Account: Choose a brokerage supporting Bitcoin ETFs, such as Charles Schwab or Vanguard. Install the brokerage application or use the official portal to sign up.

Finance the Account: Fund the newly created account through electronic funds transfer, wire transfer, or cheques via mail.

Inspect All Bitcoin ETFs: Research key details like expense ratios, tracking strategy, and issuer information for each ETF before making a decision.

Choose Your Preferred Bitcoin ETF & Order: Select the ETF aligning with your investment goals, enter the ticker symbol on the brokerage platform, specify the number of shares, set orders, and confirm before submission.

Monitor Investments Regularly: Keep a close eye on investment performance through the brokerage account, adjusting strategies as needed based on market trends.

Pros and Cons of Bitcoin ETFs:

Pros:

Diversification: Bitcoin ETFs offer diversified portfolios, reducing risks for investors.

Accessibility: Traditional brokerage accounts simplify the buying and selling of Bitcoin ETFs.

Regulatory Oversight: SEC regulation enhances stability and reduces volatility compared to direct Bitcoin investment.

Tax Efficiency: ETFs are eligible for tax efficiency, contributing to potential cost savings.

Cons:

Management Fees: Investors might incur substantial management fees for heavily investing in Bitcoin ETFs due to competitive pressure.

Value Reflection: Bitcoin ETFs might not precisely reflect the true value of Bitcoin due to diversification with other assets.

Inability to Trade Bitcoin: Unlike Bitcoin itself, Bitcoin ETFs cannot be directly traded or swapped with other digital assets.

Conclusion:

Spot Bitcoin ETFs have opened new investment opportunities for traders and investors, offering a way to diversify portfolios. The SEC's approval of 11 spot Bitcoin ETFs on January 10, 2024, has sparked discussions about potential risks but also brings the promise of increased market liquidity and more stable prices. As the cryptocurrency landscape continues to evolve, Bitcoin ETFs provide a regulated and accessible avenue for those seeking exposure to the crypto world without the complexities of direct Bitcoin investment.

[christophbergmann]

SEC weist Anträge für Bitcoin-ETFs zurück

SEC weist Anträge für Bitcoin-ETFs zurück Vor kurzem hat der weltweit größte Vermögensverwalter Blackrock bei der US-Börsenaufsicht SEC einen Antrag für einen Bitcoin-BTF eingereicht. Dieser wird nun zusammen mit anderen zurückgewiesen. Warum haben es Spot-ETFs so schwer, während Future-ETFs selbst gehebelt grünes Licht bekommen?

Vor kurzem hat der weltweit größte Vermögensverwalter Blackrock bei der US-Börsenaufsicht SEC einen Antrag für einen Bitcoin-BTF eingereicht. Dieser wird nun zusammen mit anderen zurückgewiesen. Warum haben es Spot-ETFs so schwer, während Future-ETFs selbst gehebelt grünes Licht bekommen? Continue reading Untitled

[unpluggedfinancial]

The SEC Approves Spot Ethereum ETFs: A Game-Changer for the Crypto World

The crypto community is buzzing with excitement as the U.S. Securities and Exchange Commission (SEC) has finally approved spot Ethereum ETFs, set to begin trading this Tuesday. This landmark decision marks a significant milestone for Ethereum and the broader cryptocurrency market, potentially ushering in a new era of mainstream adoption and financial innovation.

Understanding Spot ETFs

What is a Spot ETF?

A spot Exchange-Traded Fund (ETF) is an investment vehicle that holds the actual commodity or asset—in this case, Ethereum—rather than derivatives like futures contracts. This means that when investors buy shares of a spot Ethereum ETF, they are essentially buying shares backed by actual Ethereum holdings.

Spot ETFs vs. Futures ETFs

Unlike futures ETFs, which are based on contracts that speculate on the future price of Ethereum, spot ETFs offer a direct exposure to the current price of Ethereum. This distinction is crucial as it provides a more straightforward and less speculative way for investors to gain exposure to Ethereum.

The Road to Approval

The approval of spot Ethereum ETFs comes after a long journey of regulatory scrutiny and multiple attempts by various firms to bring such products to market. Previous attempts were often met with rejection due to concerns over market manipulation and the lack of robust market surveillance.

However, growing institutional interest and advancements in market infrastructure have addressed many of these concerns, paving the way for the SEC's approval. This decision reflects a shift in regulatory perspective, acknowledging the maturation and increased legitimacy of the crypto market.

Implications for Ethereum

In the long run, the availability of spot ETFs is likely to boost Ethereum's adoption and utility. It makes Ethereum more accessible to a broader range of investors, including those who prefer traditional investment vehicles over direct crypto holdings. This increased accessibility could lead to greater liquidity and stability in the Ethereum market.

Broader Impact on the Crypto Market

Influence on Other Cryptocurrencies

The approval of spot Ethereum ETFs sets a precedent that could benefit other cryptocurrencies. With Bitcoin spot ETFs already available, Ethereum's addition could pave the way for more altcoins to be considered for similar investment products. This diversification could lead to a more mature and stable crypto market.

Market Confidence

Regulatory approval of spot ETFs can significantly boost market confidence, attracting institutional investors who have been hesitant due to regulatory uncertainties. This influx of institutional capital could drive further growth and innovation within the crypto space.

Regulatory Landscape

A Positive Signal from the SEC

The approval signals a more favorable stance from the SEC towards cryptocurrencies, suggesting a willingness to adapt and embrace financial innovation. This could lead to more supportive regulatory frameworks that encourage the growth of the crypto industry while ensuring investor protection.

Future Regulatory Decisions

This move might also influence future regulatory decisions, potentially accelerating the approval of other crypto-related financial products. A more open regulatory environment could foster innovation and competition, benefiting both investors and the broader financial ecosystem.

Investor Perspectives

Increased Accessibility

For investors, the introduction of spot Ethereum ETFs offers a more accessible and regulated way to invest in Ethereum. This could attract a new wave of investors who were previously wary of the complexities and risks associated with direct crypto investments.

Diversification Opportunities

Spot ETFs also provide a valuable diversification tool for portfolios, allowing investors to gain exposure to the crypto market without directly holding cryptocurrencies. This can help mitigate risks and enhance portfolio performance.

Conclusion

The SEC's approval of spot Ethereum ETFs marks a pivotal moment for the crypto world. As these ETFs start trading on Tuesday, the landscape of crypto investments is set to change dramatically. Increased accessibility, market confidence, and regulatory support are just a few of the positive outcomes we can anticipate. This milestone not only bodes well for Ethereum but also signals a promising future for the broader cryptocurrency market, building on the foundation laid by existing Bitcoin ETFs.

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[mariacallous]

The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circles—and a surge in crypto prices.

Several investment firms, including heavy-hitters like BlackRock and Fidelity, are queuing up to launch a spot bitcoin exchange-traded fund (ETF) in the US. These funds would track the price of bitcoin, making them the closest thing to investing in the crypto token directly without dealing with a crypto exchange or storing crypto manually, a process fraught with risk.

After a bruising 18 months in which crypto prices buckled, high-profile businesses collapsed, and two crypto figureheads were convicted of crimes in the US, the crypto industry is supposed to be cleaning up its act. That the US Securities and Exchange Commission (SEC) appears to be entertaining a spot bitcoin ETF after years of resistance is seen by some as a signal that crypto is moving beyond its free-wheeling years.

The arrival of such a fund in the US—by far the world’s largest ETF market—“is a significant milestone,” says Samson Mow, a prominent bitcoin evangelist and CEO of bitcoin-centric technology firm JAN3, as it will allow investors to hold bitcoin through a conventional financial product for the first time.

While there is broad consensus around the likelihood of an ETF approval among analysts, the idea that it would be symbolic of the industry’s coming of age is contradicted by the frenzy of speculation around what will happen to the price of bitcoin.

On X, crypto influencers with hundreds of thousands of followers are predicting an ETF will send the price of bitcoin soaring, in posts peppered with the rocket ship emoji. The arrival of a spot bitcoin ETF, claims Mow, will unlock a wave of pent-up demand and lead a “torrent of capital” to “pour into bitcoin.” Institutions and other investors that either cannot or choose not to invest in unregulated financial products will seize the opportunity to invest, he says, driving the price far beyond its previous heights.

An ETF might point to a growing acceptance of bitcoin among legacy financial institutions, but the implications for the price of bitcoin are being both mis- and overstated, ETF analysts warn, and the boosterism on display shows that little about crypto has changed.

Twelve applications for spot bitcoin ETFs are awaiting approval from the SEC. Delays are commonplace, but the agency is due to make a call on some of the applications as early as January 1, 2024. The three ETF analysts who spoke to WIRED expect the SEC to green-light a spot bitcoin ETF at some point next year.

In Canada, Germany, and elsewhere, spot bitcoin ETFs already exist. And US investors have had access to bitcoin futures ETFs, the value of which are correlated with the price of bitcoin, since 2021. The approval of a spot bitcoin ETF in the US is significant because it would, for the first time, give US investors access to a close proxy to bitcoin in a familiar and regulated format.

The attention paid to the topic by crypto trade media emphasizes the current fixation in industry circles. Since this summer, when speculation about the arrival of a spot bitcoin ETF began to ratchet up, crypto news site CoinDesk has published dozens of articles and videos on the topic.

In that same period, crypto markets have experienced dramatic swings, and the price of bitcoin has risen by almost a third. In some cases, price swings have been triggered by rumor and misreporting. On October 16, crypto outlet CoinTelegraph issued a retraction and apology after putting out an erroneous post on X announcing the approval of the first spot bitcoin ETF in the US, based on a screenshot posted by an X user, which led to a buying spree that increased the price of bitcoin by 10 percent.

On November 13, a falsified ETF filing relating to a separate cryptocurrency, XRP, caused a 13 percent rise in the token’s price. By the end of the day, those gains had evaporated. The Financial Times calculated that “imaginary bitcoin ETFs” were already worth 30 times the actual spot bitcoin ETFs already in existence worldwide.

Some ETF analysts, like Aniket Ullal of investment research firm CFRA, share the belief that the arrival of an ETF is likely to increase demand for bitcoin as an investment asset. But the effect on price will not be a “short-term spike,” Ullal says, but rather stretch out over multiple years.

Others say it will have the polar opposite effect to that predicted by figures like Mow, and that the price of bitcoin could plummet as investors attracted by the hubbub quickly cash out their winnings. “The idea that there is a huge pile of demand that will somehow materialize is just not true,” argues Peter Schiff, economist and CEO at asset management firm Euro Pacific. “It’s more of a ‘buy the rumor, sell the fact’ situation.”

The “narrative” that an ETF is a “catalyst for growing demand” has attracted speculators, says Bryan Armour, director of passive research strategies for North America at investment research firm Morningstar. “Hype has always been one of the core tenets of bitcoin. It seems like hype is at an all-time high.”

Figures from research firm Fineqia suggest the volume of crypto trading activity has surged in response to speculation over the approval of a spot bitcoin ETF and its market impact. In mid-November, daily trading volume on crypto exchanges reached $31.4 billion, the highest level in more than six months.

“There’s always the possibility that people are hyping it up for their own benefit,” says Mow, who adds that he doesn’t believe the broader crypto industry—which he considers to be separate from bitcoin and describes as a “grift”—is capable of cleaning up its act. “The crypto industry will keep churning out FTXs and people will keep investing because it’s a spectacle,” he says.

But whether or not bitcoin is different—a mature asset whose legitimacy would be “cemented,” as Mow claims, by an ETF approval—the relentless speculation surrounding it will expose investors to risk. “It is wildly volatile and should be handled carefully,” says Armour. But, he adds, people “hear the siren song and buy in.”

[cfviet99]

EXTREMELY HOT!!! #SECGOV APPROVED #BITCOIN ETF SPOT

This decision is in accordance with the Securities Act and related regulations, to protect investors as well as public interests.

The only cryptocurrency licensed to create an ETF is Bitcoin, the SEC still believes that there are many others that are still securities.

Gensler did not forget to warn about risks related to Bitcoin and the crypto market.

It is predicted that the price of this electronic currency may breakthrough in the near future.

#cfviet#crypto#bitcoin#btc

Read more: https://cfviet.com/sec-cho-phep-etf-giao-ngay-bitcoin-trong-buoc-dot-pha-cua-tien-dien-tu/

[azcryptoreviews]

"Bitcoin's Potential Soars: Could It Reach $3 Million Per Coin?"

By George Georgiev | Nov 1, 2023

When it comes to Bitcoin (BTC) price predictions, one analyst is making waves with an eye-popping forecast. Luke Broyles, a respected crypto analyst and Bitcoin advocate, is suggesting that Bitcoin's value could skyrocket to an astounding $3 million per coin. While this may sound outrageous, Broyles presents a compelling case for this bullish outlook.

Broyles points out that despite Bitcoin's impressive market capitalization of $500 billion as of 2023, it still represents a fraction of the world's largest asset classes. To support his prediction, he emphasizes that Bitcoin's adoption rate is currently between 0.05% and 0.5%. If this adoption rate were to increase to 10%, it could drive a 100-fold increase in Bitcoin's value. Even if just 4% of the global population demanded 1 million satoshis, it could lead to Bitcoin's price soaring to astronomical heights.

Drawing parallels with the early days of the internet, Broyles argues that Bitcoin is a triple point asset, serving as a store of value, medium of exchange, and unit of account. He highlights the inherent value of groundbreaking technology, even with low initial adoption rates, as demonstrated by the internet's growth in the late '90s and early 2000s.

As of 2023, Bitcoin has shown resilience by recouping at least 50% of its all-time high from November 2021, currently trading at $34,501. However, much of the recent price action has been driven by news related to a spot exchange-traded fund (ETF), which is now fading in significance.

Achieving Bitcoin's price of $3 million per coin would require a confluence of factors, including regulatory changes, growing demand for risk assets in response to higher inflation, monetary policies enacted by central banks like the Federal Reserve, geopolitical tensions, and more. Broyles isn't the only analyst to make bold predictions about Bitcoin's future, but it's often events like chaos and social unrest that attract the most attention to this digital asset.

In conclusion, while a $3 million price target for Bitcoin may seem audacious, Luke Broyles makes a compelling argument based on Bitcoin's potential for growth and its current low adoption rates. However, realizing this milestone would depend on various influential factors coming into play. As the crypto world continues to evolve, it's clear that Bitcoin's journey is far from over.

Disclaimer:

The views and opinions expressed in this article are those of the author, Luke Broyles, and do not necessarily reflect the official stance of A-ZCRYPTOREVIEWS or its editorial team. Cryptocurrency investments are highly speculative and volatile, and readers should exercise caution and conduct their own research before making any investment decisions. It's essential to understand that cryptocurrency markets are subject to significant risks, including regulatory changes, market fluctuations, and unforeseen events that can impact the value of digital assets. A-ZCRYPTOREVIEWS provides news and information for educational purposes only and does not offer financial or investment advice. Readers are encouraged to consult with financial professionals and experts before making any investment decisions.

[blockinsider]

Whale Investors Drive Bitcoin Price Near $64K Peak: A Surge in Demand

Key Points

Bitcoin (BTC) price is nearing $64K due to increased demand from large-scale investors.

Institutional investors’ demand for Bitcoin has grown significantly recently, leading to a decrease in Bitcoin supply on centralized exchanges.

The price of Bitcoin (BTC) rose by over 7% last week, reaching a significant resistance level of around $64K. This surge follows the first Federal Reserve’s rate cut since the Covid-19 pandemic. Bitcoin, valued at approximately $1.34 trillion and with an average daily trading volume of about $26.6 billion, is on the verge of a significant bullish outbreak after being stuck in a bearish consolidation for the past six months.

In the daily timeframe, the BTC price has encountered notable resistance around $64.2K, the peak of August, which aligns with the 200-day Moving Average (MA). Consequently, a sustained close above the 200-day MA and the $64K level in the coming weeks will likely trigger a rally above $71K. However, a possible dip below $60K could occur before the start of the significant parabolic rally.

Increasing Bitcoin Demand from Institutional Investors

The demand for Bitcoin among institutional investors has been growing rapidly. With a positive correlation between Bitcoin and gold in recent years, more long-term investors are betting on Bitcoin’s inevitable rally. Over the past few weeks, the gold price has surged dramatically, reaching a new all-time high of over $2,602.

On-chain data analysis reveals that long-term investors have accumulated more Bitcoins in the past two months than in the previous three years. This has led to a significant decrease in the supply of Bitcoin on centralized exchanges, from 2.7 million units in March to about $2.3 million today.

The approval of spot Bitcoin ETFs in the United States has significantly contributed to the growing demand for Bitcoin among long-term investors. In the past two weeks, US spot BTC ETF issuers, led by Fidelity’s FBTC, have accumulated more than 13k Bitcoins, valued at nearly $800 million.

Last week, the US Securities and Exchange Commission (SEC) approved the listing and trading of options on BlackRock’s IBIT, which is expected to play a significant role in its mainstream adoption.

MicroStrategy Inc recently announced the completion of an oversubscribed offering of $1 billion, leading to the purchase of an additional 7,420 Bitcoins, at approximately $61,750 per unit. As a result, MicroStrategy now holds a total of 252,220 Bitcoins, valued at over $15 billion.

Future Expectations

The Bitcoin price is anticipated to register a significant rally in the fourth quarter, potentially reaching $100k by the end of the year. However, many investors are diversifying their investments into the altcoin industry, in anticipation of the expected altseason.

Additionally, Bitcoin dominance has shown early signs of a macro reversal in the near future after forming a rising wedge over the past few months.

[coineagle]

Ethereum records 40-month low compared to BTC: Future outlook for ETH

Key Points

ETH has reached its lowest level against BTC in over 40 months.

Traders have shown preference for Bitcoin over Ethereum, evident in ETF investments.

Ethereum’s Decline Against Bitcoin

Ethereum (ETH) has been experiencing a significant decline against Bitcoin (BTC) over the past few months. Despite occasional spikes, the overall trend for ETH has been bearish.

Data from IntoTheBlock reveals that ETH is trading at its weakest against BTC in nearly four years. The ETH/BTC pair analysis on Coinbase shows ETH trading at 0.04044 BTC, a decrease of 0.25%.

Additionally, the 50-day moving average is below the 200-day moving average, forming a Death Cross. This is a bearish signal indicating a potential long-term downtrend.

Bitcoin’s Strength Over Ethereum

On the other hand, BTC has been showing strength over ETH. Analysis of the BTC/ETH pair on Vantage reveals a strong bullish trend, with the price at 24.7097 ETH.

The chart shows a Golden Cross, where the 50-day moving average has crossed above the 200-day moving average. This signals a possible long-term upward trend for BTC against ETH.

ETF Flows Highlight Preference for Bitcoin

Data on ETF flows further demonstrate the market’s preference for BTC over ETH. Bitcoin ETFs have seen an inflow of around $92 million this week, compared to a mere $2.9 million for Ethereum.

Furthermore, cumulative total net flow for US spot Bitcoin ETFs is positive at approximately $17.7 billion. In contrast, US spot Ethereum ETFs have a negative net flow of about $607 million. This data shows a clear preference among traders for BTC over ETH.

Despite Ethereum’s recent struggles, traders continue to favor Bitcoin ETFs. As the BTC/ETH ratio remains in Bitcoin’s favor, Bitcoin’s bullish momentum could continue, while Ethereum faces ongoing challenges.

[coinguitar]

SEC Delays Green Light for Eco-Friendly Bitcoin ETF

The United States Securities and Exchange Commission (SEC) has once again delayed its decision on whether to approve a spot Bitcoin and carbon credit exchange-traded fund (ETF). This marks the second postponement for the proposed ETF, which was initially filed in December 2023 by Tidal Investments. The 7RCC Spot Bitcoin and Carbon Credit Futures ETF aims to provide investors with exposure to…

[coinatory]

Spot Ethereum ETFs have performed worse than expected since their launch. According to a report from JP Morgan, spot ETH ETFs have not lived up to expectations compared to Bitcoin, with $500 million in outflows. It’s Only a Matter of Time! Although ETH ETFs have underperformed, John Wu, the president and CEO of Avalanche (AVAX) developer Ava Labs, remains optimistic about the future of Ethe... cryptocurrency news today

[bearbrief]

Snutx: The Ideal Choice for Driving Global Crypto Asset Allocation

Recently, the global cryptocurrency market has once again captured widespread attention, with the rising popularity of Ethereum spot ETFs fueling investor demand for emerging exchanges. Sui Chung, CEO of CF Benchmarks, recently stated that the demand for Ethereum spot ETFs will continue to grow over the coming months, with more wealth management firms expected to recommend such products to their clients. This trend not only provides Snutx with a vast market space but also creates favorable conditions for its further development.

Since its inception, Snutx has consistently committed to offering users diversified cryptocurrency trading services to meet the ever-evolving market demands. As Ethereum spot ETFs gradually become the market focal point, the platform, leveraging its keen market insights and flexible response strategies, swiftly launched corresponding trading products to help investors seize this market opportunity.

The differences between Ethereum and Bitcoin mean that they play distinct roles in investment portfolios. Sui Chung points out that as wealth managers and financial advisors gradually educate investors about the economic value and applications of Ethereum, the trend of capital inflows into Ethereum ETFs will persist. Snutx deeply understands this market shift and promptly adjusts its product strategy, launching more innovative products that meet investor needs.

As an emerging crypto exchange, Snutx not only continuously innovates in its product offerings but also invests heavily on the technical front to ensure platform security and stability. The high volatility of the cryptocurrency market imposes significant demands on the technological capabilities of exchanges. The platform trading mechanism is well-designed, and its fee structure is transparent, earning the trust of a broad user base. This transparent and fair operational approach has gradually won Snutx market recognition and user loyalty.

With the growing demand for Ethereum spot ETFs, Snutx will continue to leverage its platform advantages, actively expanding its product line to provide users with more high-quality investment opportunities. The platform will further optimize its technical architecture and user interface to enhance the overall trading experience, ensuring that users achieve the best trading outcomes under any market conditions.

Market Turbulence Creates New Investment Opportunities on Snutx Exchange

The rise of Snutx in the Ethereum spot ETF market has brought new development opportunities. By continuously optimizing its products, improving technical standards, and strengthening collaborations with wealth management firms, Snutx not only offers users a variety of investment choices but also further consolidates its position in the global cryptocurrency market. In its future development, Snutx will remain committed to innovation and service enhancement, creating more value and opportunities for its users.

In the rapidly evolving global cryptocurrency market today, Snutx has become a formidable force in the industry with its outstanding performance. As market demands change and investors deepen understanding of cryptocurrencies, the platform is confident in maintaining its leading position in future developments, providing users with superior services and a richer array of investment options.

[vophuocthien]

Ethereum ETF Approval Sparks BUSAI and Market Frenzy

The crypto market gears up for a critical decision on the Spot Ethereum Exchange-Traded Fund (ETF), with particular focus on AI, meme, and prediction market assets. In this context, BUSAI, with its unique position in the market, stands to benefit from the surging optimism.

Ethereum ETF Decision: A New Era for Crypto Investment

The SEC’s recent approval of spot Ethereum ETFs marks a significant milestone for the cryptocurrency market. Beginning July 23, 2024, major U.S. exchanges will list these ETFs, providing mainstream investors with easier access to Ethereum. 

Analysts forecast that these ETFs could drive Ethereum prices higher and attract up to $15 billion in new assets. This move follows the earlier approval of Bitcoin ETFs, which significantly impacted Bitcoin’s price and market participation. Ethereum ETFs are predicted to capture a portion of the inflows seen by Bitcoin ETFs, potentially driving Ethereum’s price to new highs.

Crypto Market Surge Ahead of Ethereum ETF Decision

The excitement surrounding the Ethereum ETF decision has triggered a notable rally in several crypto sectors. Tokens related to Artificial Intelligence (AI), meme coins—including cat-themed and Solana-based variants—and prediction market assets have all experienced impressive gains.

Within the AI token category, assets like CorgiAI (CORGIAI), Turbo (TURBO), Grok (GROK), and Kitten Haimer (KHAI) have demonstrated exceptional performance. CORGIAI has led the pack with a 43.8% increase, followed by TURBO and GROK with 25.6% and 5.9% gains, respectively. These tokens have sustained their positive momentum over the past week, reflecting the growing interest and investment in AI-driven crypto assets.

Similarly, cat-themed meme coins such as Popcat (POPCAT), Mog Coin (MOG), Cat in a Dog's World (MEW), and Wen (WEN) have enjoyed significant boosts. MOG and WEN, in particular, have seen notable gains of 40% and 10% over the past seven days, underscoring their growing appeal among investors.

Solana-based meme coins, including Dogwifhat (WIF), Bonk (BONK), BOOK OF MEME (BOME), and Myro (MYRO), have also contributed to the market rally. These tokens have registered impressive gains in the past 24 hours, with BONK and BOME sustaining their value over the past week.

The Fear and Greed Index, a sentiment analysis tool, reflects a state of "extreme greed" in the market. This heightened optimism is driving the rally but also suggests that investors should be cautious of potential market corrections or bubbles.

BUSAI's Strategic Position in a Growing Market

Currently, BUSAI is uniquely positioned to harness the surge in market enthusiasm. Combining the cultural appeal of meme tokens with cutting-edge AI investments, BUSAI effectively taps into two of the hottest trends in the crypto world. 

By integrating AI technology with the attraction of meme culture, BUSAI not only attracts a diverse investor base but also stands out in a crowded market. As the popularity of AI tokens and meme coins continues to rise, BUSAI’s strategic focus aligns perfectly with these trends.

This innovative combination is expected to significantly enhance BUSAI’s value, capturing the interest of visionary investors who foresee a bright future for this dynamic coin. The presale has already garnered substantial attention, and many forward-thinking investors have eagerly joined. 

The Phase 1 presale of BUSAI has concluded, but don’t worry — Phase 2 is coming soon. Be sure to seize this upcoming opportunity, as this phase promises to offer even more chances to engage with and benefit from BUSAI’s growth trajectory.

The Official Channel: Website | Twitter | Telegram 

[unpluggedfinancial]

How Bitcoin is Probably Gearing Up for a New ATH

Bitcoin has consistently demonstrated its resilience and growth potential since its inception. As we observe its price movements and market dynamics, it becomes evident that Bitcoin might be gearing up for a new all-time high (ATH). Understanding the importance of ATHs in the context of Bitcoin and cryptocurrencies can provide valuable insights into the potential future trajectory of this digital asset.

Historical Performance and Previous ATHs

Bitcoin's journey has been marked by several significant ATHs, each catalyzing a surge in investor interest and mainstream media attention. The 2017 bull run saw Bitcoin reach an ATH of $19,783 on December 17, 2017, driven by a combination of retail investor frenzy and increasing awareness. Similarly, the 2020-2021 bull run pushed Bitcoin to a new ATH of $68,789 on November 10, 2021, fueled by institutional investments and macroeconomic factors.

Current Market Indicators

Several indicators suggest that Bitcoin is poised for another ATH:

Institutional Investments: Companies like MicroStrategy have acquired approximately 230,000 BTC as of 2024, worth billions of dollars.

Adoption Rates: PayPal reported over $5 billion in crypto trading volume in Q1 2024.

Technological Advancements: The Taproot upgrade, activated in November 2021, has enhanced Bitcoin's privacy and smart contract capabilities.

Regulatory Developments: The SEC's approval of spot Bitcoin ETFs in January 2024 has provided a more stable environment for growth.

Factors Contributing to the Potential ATH

Increased Adoption and Mainstream Acceptance: Major banks like JPMorgan and Goldman Sachs now offer Bitcoin-related services to their clients.

Technological Advancements: The Lightning Network's capacity has grown to over 5,000 BTC as of 2024, improving Bitcoin's scalability.

Macroeconomic Factors: With U.S. inflation rates hitting 7% in 2021, Bitcoin is increasingly seen as a hedge against economic instability.

Geopolitical Influences: Countries like El Salvador adopting Bitcoin as legal tender demonstrate its potential as a global, borderless currency.

The Importance of Dollar-Cost Averaging (DCA) into Bitcoin

Dollar-Cost Averaging (DCA) is a strategic investment approach where an individual invests a fixed amount of money into an asset at regular intervals, regardless of its price.

Benefits of DCA:

Mitigates market volatility

Reduces investment risk

Provides a disciplined approach to investing

Example of Successful DCA Strategy: An investor who consistently invested $100 weekly in Bitcoin from January 2019 to December 2023 would have seen a return on investment of over 300%, outperforming many who attempted to time the market.

Practical Advice for Implementing DCA:

Start with a fixed amount that fits your budget (e.g., $50-$500 per month)

Set a regular investment schedule (weekly or monthly)

Use reputable exchanges with automated purchasing options

Remain consistent regardless of market conditions

Expert Opinions and Predictions

Cathie Wood, CEO of Ark Invest: Predicts Bitcoin could reach $1 million per coin by 2030.

Plan B, creator of the Stock-to-Flow model: Forecasts Bitcoin reaching $100,000 by 2025.

Michael Saylor, CEO of MicroStrategy: Believes Bitcoin will replace gold as a store of value, potentially pushing its price to $500,000.

Potential Risks and Challenges

While the prospects for a new ATH are promising, potential risks include:

Market volatility: Bitcoin's price can fluctuate by over 10% in a single day.

Regulatory risks: Potential government crackdowns or unfavorable legislation.

Technological issues: The need for ongoing development to address scalability and security concerns.

Conclusion

Bitcoin's potential for reaching a new ATH is supported by a combination of historical patterns, current market indicators, and strategic investment approaches like DCA. As we move forward, staying informed and considering long-term investment strategies will be crucial for navigating the cryptocurrency landscape.

Key Takeaways:

Bitcoin has a history of reaching new ATHs, with the current record at $68,789.

Institutional adoption, technological advancements, and macroeconomic factors support potential growth.

Dollar-Cost Averaging can be an effective strategy for investing in Bitcoin.

While expert predictions vary, many see significant upside potential for Bitcoin.

Be aware of risks and challenges, including market volatility and regulatory uncertainties.

As you consider your investment strategy, remember that the cryptocurrency market is highly volatile. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions.

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[coinmystique]

Bitwise filed an modification to its Bitcoin spot ETF utility on Monday to incorporate recent arguments it says invalidate regulators’ explanations for depriving American buyers of the product.The agency asserted that the CME Bitcoin futures market leads the spot market in Bitcoin’s worth discovery, for instance, and should thus function a “regulated market of significant size” for market surveillance functions.“We try to… demonstrate that every well-designed academic study supports the finding that the CME is ‘significant,’” said Matthew Hougan, CIO of Bitwise, on Twitter.Bitwise is amongst almost a dozen corporations aiming to launch a Bitcoin spot ETF in the US, though all of them have been persistently denied the flexibility to take action by the nation’s Securities and Change Fee (SEC).The company’s major argument is that the CME Bitcoin Futures market isn’t massive nor associated sufficient to Bitcoin’s spot market to counteract a would-be manipulator buying and selling on the trade.Bitwise claims, nonetheless, that Bitcoin’s worth is dictated extra by the futures market than the SEC believes. In keeping with a earlier Bitwise study cited by Hougan, buying and selling quantity inside Bitcoin’s spot market could also be principally faux—which means the relative measurement of its futures market is far bigger.In an electronic mail to Decrypt, Hougan clarified that faux quantity immediately is way beneath what it was in 2019, that it's nonetheless vital.  “If I look at CoinMarketCap’s Top Cryptocurrency Spot Exchange board, the companies listed are all real entities: Binance, Coinbase, Kraken,” he stated. “In 2019, that leaderboard was filled with names that no one had heard of, like Coinbene.” In 2021, one other Bitwise research discovered that CME futures accounted for 52.97% to 68.03% of Bitcoin’s worth discovery, proving its relevance enough for a surveillance-sharing settlement. Whereas the SEC argued that this doesn’t clarify why the CME is required to deal with manipulation, Bitwise says the reply is self-evident.“The sponsor’s answer can only be that 50% is the uniform academic standard across every price discovery paper the sponsor has reviewed, as well as all academic papers the commission has referenced,” Bitwise wrote in its submitting.“If the commission believes that the standard for satisfying the first prong should be higher than ‘leads’ (such as, ‘overwhelmingly leads’ or ‘nearly always leads’), then the commission should state that,” it added.Hougan stated that its fairly frequent for futures markets to steer spot markets in worth discovery in different main asset courses.“Futures markets often offer leverage, which attracts traders looking to profit on information by offering an efficient way to deploy capital,” he stated. “Also, futures markets tend to have a higher proportion of institutional traders vs. retail traders, who may have an informational edge.The SEC lost its lawsuit with Grayscale in August after the latter accused the agency of arbitrarily refusing its Bitcoin spot ETF application while approving futures ETFs. While boosting investor confidence, Hougan said that solid arguments related to CME futures’ relationship with spot prices are needed if the SEC appeals the court ruling.“In short, we return to the status quo,” wrote Hougan. “Unfortunately, existing filings do not include substantively new arguments or research addressing this question head-on—until now.”Central to Grayscale’s argument was that Bitcoin’s future and spot market are extraordinarily tightly correlated, which means CME Bitcoin futures have been essentially related to identify buying and selling. Hougan clarified to Decrypt that Grayscale’s findings don't contradict Bitwise’s analysis concerning the futures market main the spot market. “One market can lead another and the two can still be highly correlated (meaning they generally move in the same direction),” he defined.Editor’s observe: This story has been up to date to incorporate feedback from Bitwise CEO Matthew Hougan.Keep on prime of crypto information, get day by day updates in your inbox.Supply: https://decrypt.co/198662/bitwise-response-sec-rejection-bitcoin-spot-etf-cme-futures

[36crypto]

Ethereum ETFs Experience Mixed Results Amid Market Dynamics

The second trading day for spot Ethereum exchange-traded funds (ETFs) had a trading volume of $1 billion. However, it had a substantial $133 million outflow, while spot Bitcoin ETFs saw $44 million in inflows. Despite the short-term setback for Ethereum ETFs, experts are still hopeful about their future. Talking on social media platform X, Nate Geraci, the President of ETF Store, noted that most…