Hong Kong’s Bitcoin ETFs have launched, and their success depends on how investors navigate tight regulations. The news has already boosted Bitcoin’s price by 2%, now trading at $63,700. These ETFs mark a milestone for Hong Kong’s push to become a regulated digital asset hub. Hong Kong’s Bitcoin ETFs enable swapping assets for fund units…
Starting April 30th, Tiger Brokers’ TigerTradeApp will be available to users in Hong Kong, offering access to six spot crypto ETFs. The online broker, listed on NASDAQ, announced this move, providing zero-commission trading and waiving platform fees for transactions on the first six virtual asset spot exchange-traded funds (ETFs) issued in Hong Kong. Expanding Investment…
Lindsey Haswell joins BlackRock’s Bitcoin ETF board on November 6. However, the ETF experiences zero netflows for three consecutive days, breaking a 71-day streak. This prompts concerns about transparency regarding the ETF’s inflows and outflows. BlackRock plans to make big changes to its board for the main Bitcoin ETF, IBIT. Lindsey Haswell will take over…
According to a Bloomberg report, on Monday, both Bitcoin and the wider cryptocurrency market saw a drop in value. This decline made some traders anxious, especially with an upcoming Federal Reserve meeting. They worried that the meeting might indicate that interest rates will stay high for a longer time. Bitcoin and Altcoins See Decline, Questions…
Amidst Bitcoin’s uncertain future, the crypto community is abuzz with discussions about the “Memecoin Supercycle.” Bitcoin is currently encountering challenges, with a potential downturn looming, cautioned by crypto analyst RektCapital. Drawing parallels between the current correction and Bitcoin’s price movements following the 2016 halving, the analyst anticipates similarities in the potential for two corrective waves….
Australian players aim to mirror the success of spot Bitcoin ETFs seen in the US by focusing on the $2.3 trillion pension market for investment inflows. They’re betting on attracting significant investments from this market to replicate the achievements observed across the Pacific. Following a strong reception to the debut of spot Bitcoin ETFs in…
Bitcoin’s price has been on a bit of a downswing lately, dropping to $62,300 yesterday. However, it has bounced back quite a bit since then, gaining almost $2,000. Today, the prices of altcoins are looking positive, with Ethereum rising above $3,300 and SOL climbing back to the $140 mark. Bitcoin Faces Volatility After Fourth Halving…
The DTCC, a financial services company, made an announcement stating that exchange-traded funds (ETFs) and similar investment products tied to Bitcoin or other cryptocurrencies won’t be given any collateral value. The Depository Trust and Clearing Corporation (DTCC), which handles clearing and settlement services for financial markets, announced that it won’t offer collateral or extend loans…
Ex-Grayscale Director Phil Bonello predicts a Bitcoin price drop to $52,000, citing recent market trends and a potential correction ahead. Phil Bonello suggests a significant Bitcoin correction amid concerns about inflation and geopolitical tensions posing threats to the broader crypto market. The recent drop in Bitcoin’s value saw long liquidations reaching nearly $35 million, further…
Bitcoin (BTC) has dipped below the $65,000 support level amidst a decrease in market risk appetite. Experts suggest that Bitcoin must maintain a price above $65,000 post-halving to potentially reach a new all-time high. However, trading analyst Alan Santana predicts further correction for BTC as market frustration grows due to prolonged consolidation. Santana highlights $51,000…