Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of…
For the second trading day in a row, nine of the eleven newly launched spot Bitcoin ETFs have had a fund flow of zero. Only Grayscale and BlackRock have had flows on April 12 and 15 as every other fund was inactive, according to preliminary data from Farside Investors. The continued outflow of funds from…
The Hong Kong Securities and Futures Commission (SFC) has granted official approval for spot Ethereum and Bitcoin ETFs, signifying a major milestone for the crypto market in the region. However, while the approval brings excitement, Bloomberg Senior ETF analyst Eric Balchunas offered a more cautious analysis of the potential inflows into the newly approved market. …
Binance Coin, TonCoin, NEO, and other cryptocurrencies show significant recovery, indicating potential market stability. NEO, referred to as the ‘Chinese Ethereum,’ posts a substantial 24% surge, outperforming many counterparts. The recent dip in Bitcoin and the broader cryptocurrency market represents a healthy correction rather than a cause for concern. Prominent cryptocurrencies such as Solana (+9%),…
On April 15, Hong Kong took a significant step towards becoming a crypto hub after approving the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, an ETF analyst, Eric Balchunas, is pouring cold water on the excitement palpable across the crypto scene. Spot Bitcoin ETF Is Live In Hong Kong Taking to X, Balchunas…
Solana’s price saw a notable recovery on Monday after a steep decline over the past seven days. This was supported by positive developments in the Bitcoin (BTC) and Ethereum (ETH) markets, which came alongside the approval of exchange-traded funds (ETFs) for both cryptocurrencies in Hong Kong. Additionally, Solana addressed its ongoing network congestion issues with…
On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading. This decision has been a long time in the making and has been expected by all in the crypto community. As expected, the announcement turned out to be bullish for…
Bitcoin is trading above the $66,000 mark, rising by nearly 3% over the past 24 hours after multiple issuers in Hong Kong stated the Securities and Futures Commission had approved spot Bitcoin and Ethereum ETF applications. The approvals were anticipated to be done by Monday, although there has not yet been an official announcement from…
The Hong Kong Securities and Futures Commission (SFC) has officially approved several spot Bitcoin and Ethereum exchange-traded funds (ETFs), a decision that marks a significant development in the region’s burgeoning crypto market. These approvals were granted to prominent asset managers including China Asset Management, Bosera Capital, and HashKey Capital Limited, alongside an in-principle approval for…
Crypto markets have been battered over the past week but started to show signs of recovery during the Monday morning trading session in Asia. However, another busy economic calendar week lies ahead and political tensions in the Middle East have escalated so investors may seek flight to safe-haven assets. Markets will also focus on earnings,…