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Daily #Bitcoin ETF Inflow = 5.09x New Supply 📈 (01/04/2024) Institutions currently hold 836,233 Bitcoin via #ETFs, equating to over 2.5 years of Bitcoin production at a daily newly supply of 900 BTC. Bloomberg's Eric Balchunas highlighted a tripling in March's trading volume for spot bitcoin ETFs, signaling robust demand from both institutional and retail investors. With an impending Bitcoin #halving set to diminish block rewards, the ensuing scarcity is poised to elevate Bitcoin's value further. Given that over 93% of Bitcoin has already been mined, we're on the cusp of a transformative period in the #crypto landscape. The potential for growth is unstoppable. 🚀 #Bitcoinmining Chart Credit: heyapollo

Is Bitcoin a legitimate store of value or should you just buy on the dips and dump it after the bump ups? #bitcoin #cryptocurrencies #investing #bloomberg The volatile price swings are the latest example of the boom or bust nature of Bitcoin. The largest cryptocurrency had surged more than 60% since the start of the year amid exuberance over the approval of US exchange-traded funds that could finally hold the tokens directly. Past cycles have seen annual gains of more than 1,000% followed by years where investors saw holding lose almost three-quarters of their value. “We always see massive liquidations with new all-time highs,” said Ayesha Kiani, chief operating officer at crypto hedge fund MNNC Group. “Some market adjustments” are expected. But investors also argue that Bitcoin will continue to move higher in the long term, mostly driven by expectations that flows to Bitcoin ETFs will remain strong. The nine funds launched this year have attracted net inflows of around $8 billion. Every time Bitcoin has hit an all-time high, prices have increase by four-to-five time more going forward, according to Leo Mizuhara, founder and CEO of DeFi institutional asset manager Hashnote. This time around, those gains may only be double the current price, he said. Based on Mizuhara’s estimate, Bitcoin would likely reach $138,000 at some point. https://lnkd.in/gpEzbX_B? accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcwOTcyNjcwOCwiZXhwIjoxNzEwMzMxNTA4LCJhcnRpY2xlSWQiOiJTOVZaS0dEV1JHRzAwMCIsImJjb25uZWN0SWQiOiJDRkRBQTVFRkQxOUE0MjAzOTQwNkE5MDk2OTU4RTg1RCJ9.Q_zsidkWs4UKvDGRSegnOd9PjJ0M_BPWZ_y2o2lv38Y

Bitcoin is $67k! 🔥 Ryan Lee, Chief Analyst at Bitget Research, says that institutions going 'overwhelmingly bullish', as the trading volume of nine Bitcoin ETF's in the US hits new highs of $3.2 billion. “With 54 days remaining until the Bitcoin halving and the potential interest rate cut by the Fed later this year, expect robust support at $50,000. Anticipate some fluctuations as we approach March, a month poised for Bitcoin to hit historical highs.” For more insights check out the recent publications in CoinDesk, Benzinga, BeInCrypto and Yahoo Finance, where Ryan was featured. #bitcoin #crypto

Benchmark cryptocurrency #bitcoin (BTC) has somewhat stabilised since plummeting consistently throughout June. Although it dipped 1.4% against the dollar today, this follows a bullish weekend where the BTC/USD pair rallied over 3% before holding onto these gains on Monday. However, bitcoin remains nearly 9% down month on month, with price performance hampered by mixed trends in the spot bitcoin exchange-traded fund scene. It was hovering below $62,000 at the time of writing. “BTC spot ETFs saw neutral flows last week, with a $37 million outflow,” noted Matteo Greco, research analyst at Fineqia (CSE:FNQ, OTC:FNQQF). More at #Proactive #ProactiveInvestors http://ow.ly/9nv9105z1UL

Are Ethereum ETFs the next big thing or just a buzz? Analysts weigh in! 💼💡 Explore the insights and potential disappointments in our latest webstory: https://bit.ly/3Ryw0Mv For more such updates visit VoiceOfCrypto.online 🌐📰 #VOC #VoiceOfCrypto #Bitcoin #BTC #Crypto #Blockchain #EthereumETFs #ETHETF

As the much-anticipated Bitcoin halving approaches, spot Bitcoin ETFs are surging, despite a recent dip in product flows. BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC) have seen the most inflows since trading began in January, and are up about 3% and 4% respectively. However, Grayscale Bitcoin Trust (GBTC) continues to see outflows, with a net loss of $133 million on Wednesday. Despite these losses and tepid investor demand, Bitcoin's price remains resilient, currently trading at around $63,500. Observers note that the upcoming halving has already been factored into the market, and predict price increases later this year. Bloomberg Senior ETF Analyst Eric Balchunas urges perspective, noting that it's normal for ETF categories to cool off after a rapid pace, especially given Bitcoin's recent price drop. . . . . #bitcoin #ETFs #fintech #cryptonews #cryptoupdates #btc #cryptostan #thecryptocountry

📢 MCO News Wave 🌊 Bitcoin ETFs are nearing a major milestone, set to hold close to 1 million BTC, rivaling the amount held by Bitcoin’s creator, Satoshi Nakamoto. This surge is driven by institutional investors and highlights the growing acceptance of Bitcoin within traditional finance. Major ETFs like BlackRock's iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Trust have contributed to this substantial accumulation, with the trend showing no signs of slowing. Analysts believe that as ETFs continue to expand their BTC holdings, they could shape the future volatility and liquidity of the market, potentially stabilizing Bitcoin as it gains further traction in the mainstream. However, some warn that this large-scale accumulation might not prevent new dips or market crashes. How do you think this will shape Bitcoin's price trends moving forward? #Bitcoin #BTC

[Weekly Crypto] 2024.07.22 1️⃣ Bitcoin price 'explosive move' puts old $69K all-time high in sight Bitcoin rescues its longer-term trend as week-to-date BTC price gains aim for double digits. [Cointelegraph] 2️⃣ US Bitcoin ETFs Attract $2 Billion in July, Surpass 900,000 BTC in Holdings US Bitcoin ETFs have seen a remarkable surge, attracting $2 billion in new funds this month. [Beincrypto] 3️⃣ Crypto community reacts to Windows-CrowdStrike outage as blockchains unaffected Many crypto community members noted that blockchains’ decentralized nature allowed them to continue running despite widespread outages across the global economy. [Cointelegraph] 4️⃣ CBOE gives official launch date for spot Ethereum ETF The Chicago Board Options Exchange has confirmed that five spot Ethereum ETF products will begin trading on July 23. [Cointelegraph] 5️⃣ More high-risk leveraged crypto ETFs hit the market A leveraged ETFs uses financial derivatives and debt to amplify the daily returns of an underlying security [TheBlock] ttps://https://lnkd.in/gTix_jqZ

📈 Exciting developments in the crypto market! As of November 20, 2024, we've seen significant net inflows: 🔹 Bitcoin ETFs have attracted a remarkable $774.6 million! 🔹 On the other hand, Ethereum ETFs experienced a slight decline, with outflows of $30 million. What are your thoughts on these trends? How do you see the future of Bitcoin and Ethereum ETFs evolving? Let's discuss!

Since the implementation of Ethereum's EIP-1559 in 2021, which introduced a deflationary mechanism, the ETH/BTC ratio has lost all its gains, according to BitMEX's Chief Growth Officer, Raphael Polansky. He notes that Bitcoin ETF inflows often surpass those of Ethereum by more than 100 times, indicating significantly higher investment interest. Additionally, major companies and investors, such as MicroStrategy and Tesla, predominantly hold Bitcoin. These factors suggest that Bitcoin's consistent outperformance of Ethereum may be becoming the norm in the crypto markets.