Matrixport believes that the launch of spot #ETFs in Hong Kong could stimulate additional demand for #BTC worth $25 billion.
Will this help offset the decline in the price of Bitcoin over the weekend?
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Grayscale predicts approval of altcoin-based #ETFs
Approval is expected within the next two to three years, but there is a possibility that it may happen sooner.
👍 - if you are waiting
🚀 - if you are waiting for ETFs of meme coins
Approval is expected within the next two to three years, but there is a possibility that it may happen sooner.
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Exactly as expected — institutions are starting to actively utilize this instrument
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Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.
In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins
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This inflow was the second largest since the launch of the ETF. The inflows have continued for 16 consecutive trading days, reaching $3.2 billion
Currently, U.S. spot #bitcoin ETFs hold coins worth more than $61 billion, which accounts for 4.43% of all existing bitcoins
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#Opinion #Analytics
🔼 According to experts from Bitfinex, the consolidation phase is over, and the market is preparing for a bull run
The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.
Do you share the experts' opinion?🧐
The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.
Do you share the experts' opinion?
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The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.
#CryptoNews
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