In a significant shift, Bitcoin (BTC) spot exchange-traded funds (ETFs) listed in the U.S. recorded net inflows of just over $28.7 million on Monday, marking the end of an unprecedented streak of outflows totaling $1.2 billion. This surge in inflows is noteworthy given the recent bearish sentiment surrounding the cryptocurrency, particularly as outflows from these … Read more
In a notable development, U.S. spot Bitcoin ETFs have experienced a significant outflow of approximately $1.2 billion over the past eight days. From August 30 to September 6, investors withdrew substantial amounts from 12 spot BTC ETFs, marking the longest period of outflows since these funds were introduced in January 2024. This wave of withdrawals … Read more
The cryptocurrency market is experiencing significant turbulence as Bitcoin (BTC) and Ethereum (ETH) linked exchange-traded funds (ETFs) report record outflows. This development is amplifying the already volatile market conditions and raising concerns among investors. Bitcoin ETFs Face Record Withdrawals On September 6, Bitcoin ETFs suffered a staggering $170 million in withdrawals, contributing to a total … Read more
Cryptocurrency exchange Woo X has unveiled a revamped copy trading feature, aiming to address the shortcomings of existing social trading platforms. The new model prioritizes transparency, fairness, and sustainability for both lead traders and followers. Copy trading, which allows users to mimic the strategies of successful traders, has become a popular feature in the cryptocurrency … Read more
Fantom (FTM) has shown significant resilience and potential for further gains following a key technical support retest. On Friday, FTM found robust support at $0.364, aligning with the 61.8% Fibonacci retracement level. This critical support level led to a strong rally of 12.5% over the weekend, with Monday witnessing an additional 3.8% increase, bringing the … Read more
Despite a recent decline in Bitcoin’s price, long-term investors are making a notable move by withdrawing significant amounts of Bitcoin from exchanges. Over the past week, $728 million worth of Bitcoin has been taken off exchanges, reflecting a strategic accumulation by long-term holders amid market uncertainty. Large Withdrawals from Crypto Exchanges Data from IntoTheBlock reveals … Read more
In recent months, cryptocurrency market dynamics have shown notable shifts, according to insights from a CryptoQuant analyst. The period between May and July witnessed a dramatic 54% increase in open interest, highlighting a surge in speculative trading activity. Open interest, which tracks the total number of outstanding futures and options contracts, often correlates with growing … Read more
VanEck has announced the impending liquidation of its Ethereum Futures ETF (EFUT), reflecting a broader strategic shift in response to diminishing market interest and performance concerns. The ETF, which is listed on the CBOE exchange, will cease trading on September 16, 2024, with a final liquidating distribution scheduled for September 23, 2024. Reason Behind the … Read more
In a recent regulatory development, the U.S. Securities and Exchange Commission (SEC) has extended its decision on the NYSE Arca’s proposed 7RCC Spot Bitcoin and Carbon Credit Futures ETF to November 21, 2024. This extension marks the second delay for the ETF application, following an initial postponement in May 2024. The 7RCC Spot Bitcoin and … Read more
Crypto exchange OKX has reached a significant milestone by obtaining a full license from Singapore’s Monetary Authority (MAS), solidifying its position in the digital asset market. Announced on September 2, the major payment institution (MPI) license allows OKX to facilitate crypto trading and cross-border money transfers in Singapore, marking a crucial step in the exchange’s … Read more