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Bernstein's Warning on Decreasing Ethereum Spot ETFs Demand Sparks Curiosity The highly anticipated arrival of Ethereum Spot ETFs in the U.S. market is facing a wave of caution from investment research firm Bernstein. As Ethereum (ETH) spot exchange-traded funds (ETFs) approac Author: Rimsha Rizwan https://lnkd.in/es5ecfWg #Blockchain #Crypto #Ethereum #crypto #eth #ethereum #EthereumSpotETFs

New Post: Unveiling the Hidden Reasons Behind Bitcoin’s Decline: Grayscale and the ETF Conundrum The recent downtrend in the Bitcoin market is influenced by a complex set of factors, among which the approval of Bitcoin Spot Exchange-Traded Funds (ETFs) by the U.S. financial authorities and the strategic shifts of Grayscale play a significant role. Following this approval, approximately 2 trillion won flowed into the Bitcoin spot ETF within three trading days, signaling increased interest from institutional investors and potential long-term market growth. On the flip side, the outflow of 1.5 trillion won from Grayscale's fund is another critical factor impacting the market. This outflow reflects heightened market uncertainty and volatility, indicative of investors diversifying or liquidating assets in response to significant fluctuations. The SEC chairman's remarks suggest that Grayscale's legal victory played a crucial role in the approval of the Bitcoin spot ETF. Grayscale's determination to convert its Bitcoin trust product into a spot ETF could significantly enhance the role and influence of institutional investors in the cryptocurrency market. Dual Insight Analysis: Positive Perspective: The introduction of the Bitcoin spot ETF can be seen as an indicator of long-term growth and increased participation of institutional investors in the cryptocurrency market. This could lead to greater market stability and maturity, promoting wider acceptance and understanding of cryptocurrencies. Negative Perspective: The fund outflow from Grayscale and the relatively low net inflow to the Bitcoin spot ETF reflect the market's uncertainty and volatility. This could potentially trigger short-term market downturns, amplify investor anxiety, and pose obstacles to broader adoption and acceptance of the cryptocurrency market. Disclaimer : This article is intended solely for informational purposes and should not be construed as investment advice or financial consultation. The information provided is based on market trends that are subject to change, and all investment decisions should be made under personal responsibility. It is recommended to consult a professional for significant investment decisions. Investment TrendHub https://lnkd.in/g-q3z5XU

New Post: Unveiling the Hidden Reasons Behind Bitcoin’s Decline: Grayscale and the ETF Conundrum The recent downtrend in the Bitcoin market is influenced by a complex set of factors, among which the approval of Bitcoin Spot Exchange-Traded Funds (ETFs) by the U.S. financial authorities and the strategic shifts of Grayscale play a significant role. Following this approval, approximately 2 trillion won flowed into the Bitcoin spot ETF within three trading days, signaling increased interest from institutional investors and potential long-term market growth. On the flip side, the outflow of 1.5 trillion won from Grayscale's fund is another critical factor impacting the market. This outflow reflects heightened market uncertainty and volatility, indicative of investors diversifying or liquidating assets in response to significant fluctuations. The SEC chairman's remarks suggest that Grayscale's legal victory played a crucial role in the approval of the Bitcoin spot ETF. Grayscale's determination to convert its Bitcoin trust product into a spot ETF could significantly enhance the role and influence of institutional investors in the cryptocurrency market. Dual Insight Analysis: Positive Perspective: The introduction of the Bitcoin spot ETF can be seen as an indicator of long-term growth and increased participation of institutional investors in the cryptocurrency market. This could lead to greater market stability and maturity, promoting wider acceptance and understanding of cryptocurrencies. Negative Perspective: The fund outflow from Grayscale and the relatively low net inflow to the Bitcoin spot ETF reflect the market's uncertainty and volatility. This could potentially trigger short-term market downturns, amplify investor anxiety, and pose obstacles to broader adoption and acceptance of the cryptocurrency market. Disclaimer : This article is intended solely for informational purposes and should not be construed as investment advice or financial consultation. The information provided is based on market trends that are subject to change, and all investment decisions should be made under personal responsibility. It is recommended to consult a professional for significant investment decisions. Investment TrendHub https://lnkd.in/gi7R9rFf

Here is a rewritten article based on the provided information: Bitcoin has stabilized in price following a surge in Bitcoin spot ETFs, which have seen a total net inflow nearing $15 billion. This influx of investment has led to a second-highest daily inflow of $886.75 million. Furthermore, the Thailand Securities and Exchange Commission has approved the first spot Bitcoin exchange-traded fund in the country, offered by One Asset Management. Several prominent investors, including Galaxy Digital CEO Mike Novogratz and Samson Mow, are predicting that Bitcoin's price could reach $100,000 by the end of the year. This optimistic outlook is supported by the recent price surge, which has seen Bitcoin reach $71,000. The increased investment in Bitcoin could be attributed to the current economic climate, with many investors turning to cryptocurrencies as a hedge against inflation. The CME FedWatch tool, which predicts the likelihood of a Federal Reserve rate hike, may also be influencing investor decisions. As the cryptocurrency market continues to evolve, it will be interesting to see how Bitcoin's price responds to these recent developments. Will it continue to rise, or will it experience a correction? Only time will tell.

🔥 Bullish on Tokenization of Real-World Assets (RWAs): Larry Fink, BlackRock's CEO, strongly advocates for the tokenization of RWAs, highlighting its potential to greatly enhance transparency and reduce corruption in financial markets. 🚀 A Paradigm Shift at BlackRock: Fink, initially a crypto skeptic, now sees the immense potential of blockchain technology in transforming the financial industry. This represents a significant strategic evolution for BlackRock, positioning them at the forefront of financial innovation. 💡 The Power of Blockchain in Financial Innovation: Fink’s focus on leveraging blockchain technology reflects his belief in its capacity to revolutionize asset management. By bringing greater transparency and integrity to financial instruments, blockchain stands to reshape the very nature of financial transactions and asset management. 🔥Another reason why I am bullish on companies like SPIRIT Blockchain Capital Inc., Troon Technologies and Bloomly! 2024!!! Let's go! https://lnkd.in/g4r6trUd

Goldman Sachs Expects Crypto Market to Explode in 2024 as Traditional Institutions Enter: Goldman Sachs predicts that digital assets will benefit from increased institutional adoption of blockchain and Bitcoin ETF approvals.

JAMIE DIMON VS. CATHIE WOOD: Jamie Dimon likens bitcoin to a “pet rock.” ARK Invest, which recently launched a bitcoin ETF, offered a considerably different take. It predicted bitcoin is poised for broad institutional acceptance. In a recent commentary, ARK pointed out Dimon overlooks fundamental components of bitcoin’s design by suggesting that bitcoin’s supply could disappear when it reaches 21 million, its maximum mathematically metered supply. Integral to bitcoin’s design are its decentralized consensus mechanism, difficulty adjustment algorithm, and hard-coded supply limit.

New Post: ETF Hype Over? Bitcoin (BTC) Price Dumped to 2024 Lows of $41.5K (Weekend Watch) - The highly volatile moves after the approval of the first US spot Bitcoin ETFs continued in the past 24 hours, with a massive dump to under $41,600. The altcoins have suffered just as badly, with SOL, ADA, AVAX, and others slumping by more than 5-6% in the same timeframe. BTC’s Volatility Returns Bitcoin and the entire cryptocurrency industry had a very eventful week, in which the US SEC was expected to approve the first spot BTC ETFs in the country. While that indeed transpired on Wednesday, it didn’t go without its own set of hiccups, including a hack on the previous day with fake news, deleted and reposted statements, as well as controversial words from the agency’s chairman – Gary Gensler. Naturally, this all resulted in enhanced volatility, with multiple massive price movements from BTC. After the ETFs reached the US markets on Thursday, the asset first soared to a 21-month peak at over $49,000 before it crumbled by three grand in minutes. The landscape was less volatile on Friday, but only during the Asian and European trading hours. As the US trading hours were coming to an end, the primary digital asset slumped to under $41,600 for just the second time since the start of 2024. As of now, it has reclaimed some ground and stands close to $43,000. Its market cap, though, is down to $843 billion, and so is its dominance – 50% on CMC now. The metric had soared to over 53% earlier this week. BTCUSD. Source: TradingView Alts See Red Although most altcoins are in the red now, some have suffered less than others. Such is the case with Ethereum, which is down by a more modest 2.6% to $2,550. Binance Coin, Ripple, Dogecoin, and Toncoin have also declined by less than 5%. At the same time, assets like SOL, ADA, AVAX, MATIC, BCH, DOT, and ATOM have slumped by more than 5% and up to 11% in the case of BCH. The total crypto market cap has seen $80 billion gone in a day and is down under $1.7 trillion on CMC. Cryptocurrency Market Overview. Source: Quantify Crypto SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. #ETF #Hype #Bitcoin #BTC #Price #Dumped #Lows #41.5K #Weekend #Watch https://lnkd.in/dXkiNv-v

Today, crypto-assets finally cross the chasm to mainstream adoption... and the future is bright. With the stamp of legitimisation – and money flows – US spot Bitcoin ETF approvals will bring, crypto has the chance to make good on its promises to democratise and update our financial system. Fundamental to that promise is that the Bitcoin and blockchain future should be a sustainable one. As Bitcoin ETFs catalyse a Bitcoin future, so too should accessing Bitcoin fund products aligned with net zero principles be every bit as easy as investing in it. That’s why we created our pioneering Oxygen product and why at Zumo we continue to work towards a regenerative future in which technology and climate action can combine for a thriving and sustainable world. If you’re launching or preparing a fund today, congratulations on this milestone day and, if you’d like to find out more about how you can tackle that cryptoasset carbon footprint, please don’t hesitate to reach out. https://lnkd.in/eaniUiNe

Bloomberg Analyst Fuels Speculation With Bitcoin Spot ETF Approval Timeline The cryptocurrency landscape is buzzing with anticipation as the SEC inches closer to potential approval of Bitcoin Spot ETFs, fueling optimism and market dynamics. Meanwhile, Bloomberg analyst Eric Balchunas, a notable figure in the digital asset space, provides insights into the regulatory process, shedding light on the timeline and potential impact on the market. Meanwhile, John Brown, a crypto market enthusiast, kicked off the discussion on the X platform, questioning how soon the average investor could trade ETFs if approved. In response, Scott Johnsson, a prominent financial lawyer, shared insights into the SEC’s potential timeline. He suggested a launch timeframe of one week to two months, a sentiment echoed by Bloomberg Analyst Eric Balchunas. Notably, Balchunas noted the detailed S-1 filings as a positive indicator. Read more: https://lnkd.in/dHjH23-c People Over Profits