Coinbase's Bitcoin reserves hit 2017 lows as whales opt for self-custody, withdrawing $1B+. Market surge follows ETF excitement, with analysts predicting further price hikes amid supply pressure. Investors cautioned on market volatility.
Xu LinThe approval of the first US Bitcoin spot ETF triggered a substantial influx of over $1 billion into crypto funds. The majority flowed into Bitcoin products, with the US dominating at $1.24 billion. Record-breaking trading volumes and interest in blockchain equities funds marked a positive market shift.
BerniceBitcoin spot ETFs witnessed a groundbreaking start, surpassing $1 billion in the first 30 minutes post-launch. Grayscale's dominance, frenzied early trading, and optimistic inflow predictions indicate a significant shift in the crypto investment landscape. However, the approval of an Ethereum spot ETF and regulatory dynamics remain critical for sustained growth.
SanyaThe Ethereum ($ETH) market witnessed notable whale accumulation, with over $1 billion added in holdings despite recent price stagnation. Ethereum trades at $2,300, reflecting a 78.5% surge in 12 months, while Bitcoin soared by 170%. Institutional inflows in crypto investment products reached $2.2 billion in a year, with Bitcoin-centric products leading at $1.93 billion. Solana ($SOL) attracted attention, gaining $167 million in investments post FTX's collapse, surpassing Ethereum's inflows. Analysts maintain bullish sentiments, predicting ETH to hit $10,000 and foreseeing potential price surges post Bitcoin ETF approval.
Xu LinOver $1 billion in Bitcoin withdrawn from Kraken, speculated as a response to the upcoming SEC decision and market uncertainties.
BrianTether is expanding into El Salvador-based Bitcoin mining powered by the region’s volcanoes.
cryptopotato
Coinlive Miners' revenue fell below $1 billion for the fourth consecutive month.
BeincryptoAustralian investors will be able to trade its first bitcoin spot ETF starting next week, when the Cosmos Asset Management bitcoin ETF will list on CBOE Australia.
CointelegraphAustralian investors will be able to trade its first Bitcoin spot ETF starting next week when the Cosmos Asset Management Bitcoin ETF launches on ASX Clear.
Cointelegraph