ETF | ForkLog - Part 26

ForkLog 8 17.10.2024

Quantity Funds Launches Gold and Bitcoin-Based ETF

Quantity Funds has launched an exchange-traded fund (ETF) based on a basket of futures and ETP on gold and bitcoin, aiming to hedge against inflation and currency devaluation. The issuer of the STKD Bitcoin & Gold ETF (BTGD) views these two scarce assets as a safeguard against such risks. The fund does not invest directly […]

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ForkLog 9 17.10.2024

QCP Capital Observes Bitcoin Call Options with $120,000 Strike Price

On the evening of October 16, there was a noticeable demand for March bitcoin call options with a strike price of $120,000. These purchases were accompanied by a rise in quotes above $68,000, noted QCP Capital. Analysts saw this as a signal of the return of optimistic long-term buyers. Experts noted the continued uncertainty surrounding […]

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ForkLog 24 16.10.2024

Canary Capital Seeks SEC Approval for Spot Litecoin ETF

The crypto investment firm Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin ETF. The custodian and administrator of the product have not been specified. “Litecoin plays a leading role in the broader cryptocurrency ecosystem […] and is attractive to a wider range of institutional investors,” the document states. […]

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ForkLog 7 15.10.2024

Spot Bitcoin ETFs Attract Highest Inflows Since June, Reaching $556 Million

On October 14, inflows into spot Bitcoin ETFs reached $555.9 million—the highest since June 4, according to SoSoValue. Data: SoSoValue. Positive changes were recorded in 10 out of 12 products, with the remaining showing no change. The leaders were FBTC from Fidelity ($239.3 million) and BITB from Bitwise ($100 million). Inflows for other instruments were […]

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ForkLog 74 09.10.2024

Solana’s Potential Fivefold Surge Hinges on Trump’s Victory, Say Experts

By the end of 2025, Solana could increase fivefold if Republican candidate Donald Trump wins the U.S. presidential election, according to Standard Chartered, as reported by The Block. In this scenario, digital gold would quadruple in value, while Ethereum would triple. Experts added that if Democrat Kamala Harris takes the White House, Bitcoin would outperform […]

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ForkLog 7 08.10.2024

Bitfinex Highlights Reduced Risk of Bitcoin’s “Sudden Drop”

The decline of Bitcoin from $66,500 to $60,000 last week is seen as a “healthy pullback” that reduces the risk of a “sudden drop” in the coming days and weeks, according to Bitfinex. Experts observed a 10% drop as a sign of “cautious sentiment” among investors. They believe buyers may still seek opportunities to consolidate […]

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ForkLog 22 08.10.2024

Bloomberg Analyst Criticised for Ethereum Misinformation

Bloomberg’s renowned ETF analyst Eric Balchunas faced criticism for allegedly spreading false information regarding Ethereum’s decentralisation level. When asked to recommend the best book on Bitcoin or other cryptocurrencies, the expert suggested “Bitcoin: Beginner’s Guide” by Benjamin Hart, and shared excerpts from the book. For me it was Bitcoin: Beginner’s Guide by @BenHart_Freedom. I saw […]

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ForkLog 8 07.10.2024

Fed Rate Uncertainty Triggers Crypto Fund Outflows

From September 29 to October 5, cryptocurrency investment funds experienced outflows totaling $147 million, following an inflow of $1.29 billion the previous week, according to CoinShares. Data: CoinShares. This negative trend emerged after three weeks of inflows. Experts noted that stronger-than-expected macroeconomic data reduced the likelihood of significant monetary policy easing, leading to deteriorating investor […]

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ForkLog 10 03.10.2024

Glassnode Highlights Resilience of BTC-ETF Holders Amid Market Correction

Investors remain confident in the long-term prospects of BTC-ETF, as indicated by moderate selling pressure amidst a “paper loss” on the average position, according to Glassnode. For the first time since the ATH, #Bitcoin has established a new technical higher high, as price bounced into the $66k region. Alongside this, there is a multitude of […]

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ForkLog 14 03.10.2024

CryptoQuant Identifies Key Condition for Bitcoin Rally in Q4

Bitcoin demand is stabilizing, but a stronger metric is needed to sustain price growth in the fourth quarter, according to CryptoQuant, as reported by The Block. The metric is calculated as the difference between the daily number of mined coins and the change in the number of bitcoins that have remained unmoved for at least […]

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ForkLog 32 02.10.2024

Bitwise Files for Spot XRP ETF Registration

Digital asset manager Bitwise has submitted an application to launch a spot exchange-traded fund based on XRP. ?SCOOP: Crypto asset manager @BitwiseInvest has filed in the state of Delaware for an $XRP ETF. More details to come. Stay tuned. ? pic.twitter.com/2q7zDj7aYm — Eleanor Terrett (@EleanorTerrett) October 1, 2024 The firm promised to provide further details […]

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ForkLog 8 30.09.2024

Fed Chair’s Speech and US Employment Data to Influence Bitcoin’s Trajectory

The upcoming speech by Federal Reserve Chair Jerome Powell on September 30 and the US employment report at the end of the week are poised to be pivotal factors for the cryptocurrency market in the coming days, according to The Block. Rachel Lucas from BTC Markets attributed the retreat from the $66,500 mark reached on […]

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