A New Era for Crypto ETFs? Bitwise Asset Management, a prominent player in the crypto investment space, has recently submitted a proposal to the SEC for a 10-Crypto Index ETF. This move could significantly impact the crypto investment landscape, potentially making it more accessible to a wider range of investors. The 10-Crypto Lineup The proposed … Read more
Bitcoin’s recent surge to near $99,500 sparked optimism that the cryptocurrency would soon breach the coveted $100,000 mark. However, the momentum has since slowed, and the price has retreated to around $92,000. Profit-Taking and ETF Outflows Experts attribute this pullback primarily to profit-taking, particularly from newer investors who entered the market during the recent rally. … Read more
Thena (THE), a decentralized exchange (DEX) and liquidity protocol operating on the BNB Chain and opBNB, is set to be the next project featured in a major platform’s launch program. The exchange has officially announced that THE will be listed on November 27, 2024, with trading starting at 10:00 AM UTC. In addition to the … Read more
Crypto ETFs have been a hot topic for years, with some already approved and available for investors. However, the SEC’s cautious approach to cryptocurrency-related financial products has kept many would-be crypto ETFs in limbo. Hashdex, the Brazilian asset management firm, is hoping to change that with its latest filing for a cryptocurrency-focused ETF, submitted on … Read more
US Bitcoin exchange-traded funds (ETFs) experienced significant outflows on Monday as Bitcoin’s price retreated below the $93,000 mark, signaling a sharp reversal in investor sentiment. The combined eleven spot Bitcoin ETFs saw a net outflow of $435 million as Bitcoin’s bearish trend gained momentum. Massive Withdrawals Hit Bitcoin ETFs Among the various Bitcoin ETFs, only … Read more
ZA Bank, Hong Kong’s leading digital bank, has officially launched direct cryptocurrency trading services for retail users, marking a significant milestone in the region’s growing crypto landscape. According to the bank’s press release, ZA Bank is now the first bank in Asia to offer retail crypto trading, allowing users to trade cryptocurrencies directly within its … Read more
Cardano (ADA) has recently triggered a warning from its short-term bubble risk indicator, which hit a concerning ‘2’, signaling potential price volatility and a short-term pullback despite the coin’s recent surge. Historically, values exceeding ‘1.5’ have been associated with price corrections, where market enthusiasm tends to outpace the underlying fundamentals. While this short-term risk alert … Read more
South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the addition of Korean won (KRW) trading pairs for TONCOIN (TON) and METIS (METIS). Trading for these pairs will begin at 8:00 PM KST on November 21, 2024, marking a significant development for both coins, as they gain increased accessibility to the Korean market. While the exchange … Read more
The cryptocurrency exchange-traded fund (ETF) landscape is evolving rapidly after the massive success of Bitcoin spot ETFs in the U.S. Following Bitcoin’s significant rise, a growing list of altcoins is emerging as potential candidates for their own ETFs. Major financial institutions, including Grayscale and Bitwise, are now exploring options to expand beyond Bitcoin and Ethereum. … Read more
Colombia’s stock exchange, the Bolsa de Valores de Colombia (BVC), has revealed that it is exploring the possibility of launching a cryptocurrency-based Exchange-Traded Fund (ETF) through its overseas investment arm. According to a report from Criptonoticias, the BVC is in discussions with the Colombian Global Market (MGC), its public foreign securities platform, to bring this … Read more