Why Ethereum ETF day one inflow wont be like Bitcoin Fireblocks MD

Stephen Richardsons view aligns with Bloombergs ETF analysts, who expect the spot Ether ETFs to capture 10%20% of the flows that Bitcoin ETFs did at launch.

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Spot Ethereum ETFs may begin trading by July 2 Bloomberg analyst

Bloomberg ETF analyst Eric Balchunas says his best guess as of now is that spot Ether ETFs will begin trading in the United States before July 2.

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Ethereum lacks a 'simple one-liner' elevator pitch for boomers Analysts

While Bitcoin is often marketed as "digital gold," Ethereum hasn't quite found its simple elevator pitch yet, according to crypto analysts.

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Ethereum ETF Approval Odds Plummet to 35% Amid SEC Silence

The anticipation surrounding the approval of Ethereum exchange-traded funds (ETFs) is intensifying as the Securities and Exchange Commission (SEC) remains notably silent on the matter, leaving prospective fund issuers in limbo. According to senior Bloomberg ETF analyst Eric Balchunas, the prospects for Ether ETF approval are dwindling by the day, with chances now pegged at […]

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Kelly ETF Trust Files With SEC For Ethereum ETF — Will Gary Gensler Change His Mind On ETH?

It’s the first Ethereum ETF filing since the ProShares launch back in October. Covered: Kelly ETFs File For Ethereum ETF More On Gary Genslers Ethereum Feelings Kelly ETFs File For Ethereum ETF JUST IN: Kelly has filed for an Ether Futures ETF, the first one to try this since $BITO etc launch. We'll soon see […]

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Is The Bitcoin Futures ETF Already Priced In?

Is the Bitcoin futures ETF already priced in? It’s a fair question, considering what happened last month re El Salvador.  Covered: Bitcoins Future ETF Price Action ETF Hopium Will The ETF Actually Happen? Bitcoins Future ETF Price Action Bitcoin (ticker symbol: BTC) is up almost 30% since October 1st. BTC opened the month in the […]

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Bitcoin Futures ETF Could Be Ready For Trading By October 21st

Not only is it looking more and more likely that a Bitcoin futures etf will be approved in October, but it could also begin trading this month, too.  Covered: Bitcoin Futures ETF Approval And Trading Date SEC Delays: Is No News Good News? "If (bitcoin futures ETF) does get approval, when would it start trading?" […]

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Bloomberg Analyst Says Bitcoin Futures ETF Will Be Approved By October

According to Bloomberg analyst Eric Balchunas, a Bitcoin futures ETF is likely to be approved by October. What does that mean for Bitcoin’s price moving forward? Covered Bloomberg Analyst predicts Predicts Futures ETF To Arrive By October Pivot To Futures ETF How Will This Effect Bitcoin’s Price Target? Bloomberg Analyst Predicts Futures ETF To Arrive […]

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The Silver To Bitcoins Gold: Why A Litecoin ETF Could Drive Price To $800

Crypto analyst EXCAVO has alluded to the potential Litecoin ETFs and how they spark a massive price surge for LTC. The analyst also revealed how high LTC could rally to at the end of this bull cycle thanks to these ETFs.  How The Litecoin ETFs Could Drive LTCs Price To $800 In a TradingView post, EXCAVO highlighted the Litecoin ETFs as one of the factors that could drive LTCs price to $800 at the end of the cycle. He noted that Litecoin is just a fork of Bitcoin, and there is not much technology in it. However, he added that a decentralization and adoption issue is occurring, making LTC a suitable candidate for a potential ETF.  Related Reading: Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin The analyst indicated that these Litecoin ETFs are one of the bullish fundamentals that could send LTC to this price target. Grayscale. Canary Capital and CoinShares have all applied with the SEC to offer a Litecoin ETF. According to Bloomberg analysts Eric Balchunas and James Seyffart, there is a 90% chance of the US SEC approving these funds this year.  As such, if approved this year, these Litecoin ETFs could easily send the LTC price to $800, as EXCAVO predicted. Meanwhile, from a technical analysis perspective, the analyst also stated that the crypto has a standard triangle with horizontal resistance on top. He added that such resistances tend to break out strongly. As such, the analyst is confident that LTC can reach $800 in this cycle thanks to its bullish fundamentals and technicals.  EXCAVO also alluded to the LTC/BTC pair, noting that the fall has stopped and the bottom has been minimized. In line with this, he remarked that he expects an upward jump soon enough.  LTC Is Headed To $180 In The Short Term In an X post, crypto analyst Dom opined that the Litecoin price is headed to $180. This came as he explained why he doesnt believe LTC has topped in this cycle. Alluding to historical patterns, the analyst asserted that Litecoins chart is nothing like a topping formation. He added that tops have always been put in quickly.  Related Reading: Forget Bitcoin Holders: Litecoin Investors Are The Real Diamond Hands, According To This Metric Dom also remarked that Litecoins price is bullish, above the all-time high (ATH) Volume-weighted average price (VWAP). However, he added that a full invalidation would be an acceptance below $103.  Meanwhile, crypto analyst Crypto Bullet highlighted how LTC will fly soon. His accompanying chart showed that the Litecoin price could reach $210 when this parabolic rally happens. Crypto analyst Charting Guy is also bullish on Litecoin, describing it as XRP 2.0, indicating that it could make a comeback like XRP did last year.  At the time of writing, the Litecoin price is trading at around $123, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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Bitcoin ETF Surges: Last 4 Days Inflows Outpace Initial Weeks

Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) are currently in the limelight as the products have seen massive net inflows in the past few days than in the initial weeks of introduction, dominating the market of crypto investment products. Bitcoin ETF Inflows Surges In The Last 4 Days Thomas Fahrer, the co-founder of Bitcoin tracking platform Apollo, took to the social media platform X (formerly Twitter) to share the development with the community. Fahrer pointed out that BTC spot ETFs are presently experiencing a “total acceleration” of inflows. Related Reading: Fee Cuts in Bitcoin ETF Battle: Invesco and Galaxy Respond; Render Competitor Attracts Key Investors Fahrer emphasized that Bitcoin ETFs underperformed in the first few weeks compared to the last four days. He noted that BTC had a significant inflow of 42,000 BTC during the first 20 days of trading. Meanwhile, the products in the past 4 days have witnessed an inflow of 43,000 BTC tokens valued at $2.3 billion. This latest surge in inflows suggests renewed adoption of the products from crypto players and investors. Data from Apollo reveals that Grayscale is the leading firm in Assets Under Management (AUM). Registered as Grayscale Bitcoin Trust (GBTC), the company boasts a whopping $23.7 billion AUM. However, this is a notable drop from $28 billion in assets it had on January 11, after transitioning to an ETF. This is due to the daily net outflows the fund has seen since it was approved by the US Securities and Exchange Commission (SEC). Blackrock comes in second after Grayscale, with an asset under management of over $5 billion since it started trading. It is followed by Wise Origin Bitcoin Trust (FBTC) and Ark/21Shares Bitcoin Trust (ARKB), which come in third and fourth place, respectively. Investment firm Bitwise’s Bitcoin ETF (BITB) is the latest company to reach the billion-dollar milestone. As of the press, the company’s BTC ETF is the fifth largest behind the aforementioned asset management companies. Blackrock Records Its Largest Inflow On Tuesday, Blackrock recorded its largest inflow day ever since Bitcoin ET products were approved. A senior Bloomberg Intelligence analyst, Eric Balchunas, revealed information regarding the update on X. Related Reading: Breaking Down Bitcoin ETFs Early Trading Days; a New Render Challenger Emerges He stated that Blackrock’s BTC ETF was booming on Tuesday, seeing almost “half a billion” inflow. According to the data shared by Balchunas, IBIT made $493 million in revenue during the trading day. IBIT’s previous largest daily net inflow was $386 million, recorded on the second trading day of January 12. Consequently, Blackrock’s Bitcoin ETF overall inflow exceeded the $5 billion mark after the Tuesday event. So far, of all ETFs, Blackrock’s IBIT leads by “7% by size in just 23 days of trading.” These developments came in light of the recent rally around Bitcoin in the past few days, which took BTC’s price above $ 50,000. Many market enthusiasts believe that a major factor in the rally is the reason surrounding the BTC ETF flows. Featured image from iStock, chart from Tradingview.com

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US Bitcoin ETFs now hold more BTC than Satoshi Nakamoto

US spot Bitcoin ETFs now collectively hold more Bitcoin than is estimated to be held by the anonymous Bitcoin creator, Satoshi Nakamoto.

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Spot ETFs Fail To Ignite Bitcoin Growth Analyst

The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to data from SoSoValue, these ETFs have attracted over $5 billion in investments over the past three weeks coinciding with an impressive Bitcoin price rally of over 23%. However, amidst this euphoria, macro investment researcher Jim Bianco says these Spot ETFs have contributed no significant growth to the Bitcoin market.  Related Reading: BlackRocks Bitcoin ETF Reaches 2% Of Total BTC Supply Amid Record Inflows Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments In a series of X posts on November 2, Bianco claimed the Spot Bitcoin ETFs despite their impressive inflow record do not attract any new investments to the underlying asset. Firstly, The analyst applauds the performance of these institutional funds some of which rank as the best-performing ETFs of 2024 following their launch in January. However, Bianco highlights BTC has failed to surpass its all-time high value of 73,750 set eight months ago despite the Spot Bitcoin ETFs accruing over $12 billion in inflows since BTC within the same period.  Rather than being less than 4% down from its ATH, the analyst explained that such high inflows should have since pushed premier cryptocurrency beyond the $100,000 mark especially considering other positive indicators such as Fed rate cuts, the halving, and public endorsement by Republican Presidential candidate Donald Trump.  For context, Bianco references the Gold ETFs with a record of over $6 billion in inflows since March 13, resulting in a 25% increase in golds market price during that period. The market analyst postulates that this price growth can be attributed to the new money flowing into the Gold ETFs. However, recycled funds shifted from on-chain wallets or centralized exchanges account for the majority of the investments in Spot Bitcoin ETFs.  Jim Bianco backs this theory with a report from Coinbase CFO Alesia Haas which highlighted a decline in the exchanges bitcoin retail traders over the last few months. Furthermore, he also points to the average Spot BTC ETF trade of $16,000 compared to the average gold ETF trade of  $72,000 which is consistent with investments from wealth managers and institutions. In conclusion, Jim Bianco states the Spot Bitcoin ETFs are not attracting any new money but merely circulating existing investments in Bitcoin, which he describes as a concerning trend that may grant traditional financial institutions (TradFi) more influence in the crypto market as against the ethos of decentralization.   Related Reading: Dogecoin Price Could Climb To $0.209 Heres The Level To Watch Bloomberg Analyst Fires Back At BTC ETF Criticism Popular Bloomberg ETF analyst Eric Balchunas has issued a strong rebuttal to Biancos take on the Spot Bitcoin ETFs which he describes as merely mental gymnastics. Balchunas has lauded the performances of these ETFs which he believed have played a crucial role in driving Bitcoins price from $35,000 in January to the present market price of almost $70,000. The Bloomberg analyst describes the Spot Bitcoin ETFs as powerful due to their low cost, high liquidity, and association with an established brand name and advises against betting against them. At the time of writing, BTC. continues to trade at $68,100 reflecting a 2.55% decline in the past 24 hours.  Featured image from Blockzeit, chart from Tradingview

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BITSANITY Records broken with $70B in volume for Bitcoin stocks, ETFs

MicroStrategy saw more trading volumes than the US spot Bitcoin ETFs combined as its shares tanked over 25% on Nov. 21.

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Bitcoin ETF options pass 'second hurdle' with CFTC clearance

ETF analyst Eric Balchunas says "the ball" is now with the Options Clearing Corporation, forecasting that spot Bitcoin ETF options will "list very soon."

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Analyst Backs Spot Bitcoin ETFs To Surpass Gold ETFs In Cumulative Net Inflows

Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows. Related Reading: Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside Spot Bitcoin ETFs To Surpass Gold ETF In 2 Years, Analyst Says The spot Bitcoin ETFs rattled the global financial markets this week recording net inflows of $2.13 billion according to data from SoSoValue. This massive influx of investments occurred as Bitcoin surged by 9.23%, approaching a critical resistance zone at the $70,000 price mark.  Amidst this market euphoria, Nate Geraci has predicted the spot Bitcoin ETFs to record a higher cumulative total netflows than the Gold ETFs in the next two years. This forecast is largely unsurprising considering the exponential growth of these Bitcoin ETFs since their launch on January 11.  For context, the Gold ETFs currently boast of combined net inflows of around $55 billion in comparison to $20.66 billion aggregate net inflows in the spot Bitcoin ETFs market. However, the Bitcoin ETFs have been trading for barely a year compared to the Gold ETFs which have been around for over 20 years. Furthermore, Bloomberg analyst Eric Balchunas recently highlighted that spot Bitcoin ETFs have amassed over $65 billion in total net assets, a milestone that took Gold ETFs nearly five years to achieve. This figure is also over 25% of the total assets under management in the global Gold ETF market. In addition, Geraci’s theory is further strengthened by the few 11 spot Bitcoin ETFs currently trading compared to the almost 5000 Gold ETFs on the global financial market. Therefore, these Bitcoin ETFs may actually be poised to overtake their Gold counterparts, especially considering the upcoming crypto market bull run and current adoption levels of digital assets. Related Reading: Bitcoin Price To $95,000? Heres What Needs To Happen First Bitcoin Set For Price Recorrection Amidst Market Surge In other news, crypto analyst Ali Martinez has shared that Bitcoin may soon experience a short-term dip following its recent price rally.  As earlier stated, the crypto market leader gained by over 8% moving from around $63,000 to nearly breaking above $69,000.  While the BTC market is currently bullish, Martinez states that the TD sequential is currently indicating a sell signal on the 4-hour chart which is strengthened by a bearish divergence on the Relative Strength Index (RSI). If Bitcoins price were to decline, investors would turn their attention to the $60,000 price zone at which lies its next support level. Albeit a strong selling pressure may cause the premier cryptocurrency to trade as low as $55,000. At the time of writing, Bitcoin continues to trade at $68,428 with a 0.98% gain in the last day. Featured image from Forbes, chart from Tradingview

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Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH?

REX Shares, a financial services company known for its innovative approach to ETFs, recently submitted filings for ETFs tied to a few cryptocurrencies, including Dogecoin. These filings mark a pivotal moment for Dogecoin amidst the current excitement in the crypto market, with the positive sentiment now at a multi-year high. New ETF Filings Take The Market By Storm The crypto industry has been filled with excitement in the past few days leading to and after the inauguration of new US president Donald Trump. This excitement has brought alongside it an intense volatility to the price action of many cryptocurrencies. Related Reading: Dogecoin Makes Grayscales List Of Potential Crypto Products, Is A DOGE ETF Coming? Amidst this intense volatility, asset management firms REX Advisers and Osprey Funds have jointly submitted filings to the U.S. Securities and Exchange Commission (SEC) seeking approval to launch seven new cryptocurrency ETFs. These ETFs are designed to provide exposure to a range of digital assets, including established tokens like Solana and Ripple’s XRP, as well as meme coins such as Dogecoin and even the recently launched TRUMP coin.  ETFs are currently the rave in the crypto industry due to the success of the Spot Bitcoin ETFs that were launched in the US early last year. Their widespread success marked a turning point for institutional investment in crypto. Following their success, Spot Ethereum ETFs also entered the market, paving the way for discussions about spot ETFs for other digital assets, mostly XRP and Solana.  Interestingly, the new ETF filings by REX could be seen as an effort to capitalize on the growing interest in diverse crypto assets and to test the SEC’s evolving stance under its new crypto-friendly leadership. Bloomberg senior ETF analyst Eric Balchunas highlighted the growing interest in this space, noting that the number of crypto ETF filings with the US SEC has now reached 33, essentially doubling since Gary Gensler stepped down as the regulators chairman last Friday.  What Does A Dogecoin ETF Mean For Dogecoin? Specifically, the nature of the filings means that these proposed could hit the market very quickly in the next 75 days. Dogecoin, for one, is projected to benefit the most from an ETF hitting the market. This is because recent crypto market dynamics have caused Dogecoin to become the go-to cryptocurrency for retail investors since Bitcoin is increasingly becoming the choice for institutional investors. Related Reading: Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash Historically, Dogecoin has shown its ability to rally sharply on the back of positive trends, such as Elon Musk’s tweets and listings on major exchanges. If the Dogecoin ETF gains approval, it could attract substantial inflows from new investors. This, along with the community support for Dogecoin, could pave the way for a significant price surge above $1. Crypto analysts are already predicting that Dogecoin will break the $1 mark this cycle, noting various technical indicators and patterns to back this prediction.  At the time of writing, Dogecoin is trading at $0.364, up by 5.1% in the past 24 hours. Reaching $1 from the current level would represent a 175% price increase. Featured image from Unsplash, chart from Tradingview.com

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ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock

According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,” a force that could compel the U.S. Securities and Exchange Commission to [...]

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