Blockchain & crypto news from India
Ethereum’s inflation rate has experienced a notable increase, reaching 0.74%. This has prompted concerns about its traditional status as “ultrasound money,” as highlighted in Binance’s October 2024 Monthly Market Insights report. The report delves into the fact that the issuance rate of Ether has reached its peak in a span of two years. This trend…
The Grayscale Ethereum Trust (ETHE) ETF has recently encountered a significant setback, reporting a notable single-day net outflow of $31 million. This substantial outflow represents a return to a negative flow scenario after a short-lived period of stability. The $31 million withdrawal marks a sharp reversal from the previous trend, highlighting a renewed period of…
Around 75% of short-term Bitcoin investors are currently experiencing a profit, a situation that could potentially drive Bitcoin’s price even higher. The recent dramatic increase in the value of Bitcoin has been a source of great relief for short-term holders. This group had experienced a substantial decline in the value of their holdings, with over…
The inflows into digital asset investment products have set a remarkable new record, exceeding $17.8 billion year-to-date (YTD). This surge in investment suggests the potential beginning of a recovery in the cryptocurrency market. Notably, the recent record-breaking figure follows a substantial influx of $1.44 billion into cryptocurrency investment products in the last week. Based on…
On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround following a week of consecutive net outflows. Data from SoSo Value shows that after seven days of outflows totaling $1.1 billion, the ETFs saw a notable reversal, with net inflows reaching $31 million. On Tuesday, June 25th, the Fidelity Wise Origin…
It is possible that the approval of another altcoin exchange-traded fund (ETF) in the United States may be influenced by political changes after the upcoming 2024 U.S. presidential election. Despite the U.S. Securities and Exchange Commission (SEC) granting permission to fund managers to list spot Ether ETFs on May 23, SEC Chair Gary Gensler recently…
BlackRock and Fidelity have seen a significant increase in total ETF inflows this year, with a notable contribution from their Bitcoin exchange-traded funds (ETFs). Specifically, BlackRock’s Bitcoin ETFs have accounted for 26% of the year-to-date inflows for the company, while Fidelity’s Bitcoin ETFs have contributed to 56% of their total ETF inflows. BlackRock’s iShares Bitcoin…
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States was a highly-anticipated event in the world of cryptocurrency. Following their introduction, many investors were eager to see how these ETFs would perform in the market. However, replicating the success of these ETFs has proved to be a challenge, as Hong Kong’s new…
The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…
In the last week, there has been a significant increase in the amount of digital assets flowing into cryptocurrency investment products. The net inflow of funds for this period was $862 million, which is a stark contrast to the previous week where there were net outflows of $931 million. This shift in trend indicates a…