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U.S SEC approved 11 Spot Bitcoin ETF.............Bull Run coming soon
get ready to fly..... ššš
#krypto1signal
U.S SEC approved 11 Spot Bitcoin ETF.............Bull Run coming soon
get ready to fly..... ššš
#btc
#BTC-ETF
#BTC
#BITCOIN
WHY ? BITCOIN PRICE DUMP....must read
Experts Reveal Top Reaons Behind Bitcoin Price Crash ; How Low Can BTC Price Drop ?
After Bitcoinās nearly 7% drop below $44,000, economist Peter Schiff said on X (previously Twitter) that Grayscaleās Bitcoin Trust (GBTC) may not survive. Schiff questioned GBTCās capacity to advertise aggressively amid declining Bitcoin prices. Now the skepticism coincides with the rise of rival, lower-fee Bitcoin ETFs, prompting fears about GBTC shareholder abandonment. Hereās what it all means for you.
The launch of spot Bitcoin ETFs by Bitwise Invest, Fidelity, and BlackRock in the U.S. attracted $625.8 million in net inflows. Grayscaleās Bitcoin Trust lost $95 million, raising issues about investor preferences and GBTCās exorbitant fees. A large Bitcoin transfer from GBTC to a Coinbase Prime deposit address suggests investor assets may be shifting to other ETFs or regular selling.
Scaramucci: Grayscale ETF Sales Fueled Bitcoin Decline
On the other side, despite Bitcoinās 8% dip to $42,500 after ETF approval, some market analysts have labeled the launch a failure. Anthony Scaramucci, founder of SkyBridge Capital, points to substantial GBTC share sales as a key contributor.
In an interview with Bloomberg Television, Scaramucci highlighted a trend of significant Grayscale selling, with holders converting their shares from a trust to an ETF format. The recent SEC approval of ETFs led many to shift to these lower-fee alternatives, resulting in sell-offs to realize losses.
Having said that, Grayscale Bitcoin Trust, founded in 2013, had a record First-Day turnover of $2.3 billion on Thursday, a milestone for ETFs. Following losses, trust stockholders sought cheaper alternatives, lowering Bitcoin prices below $43,000 on Friday. GBTC shares fell 5.2% to $38.58 on Friday, compared to Bitcoinās over 160% rise in the previous year.
follow my channel #krypto1signal
#BTC-ETF
#BTC
#BITCOIN
WHY ? BITCOIN PRICE DUMP....must read
Experts Reveal Top Reaons Behind Bitcoin Price Crash ; How Low Can BTC Price Drop ?
After Bitcoinās nearly 7% drop below $44,000, economist Peter Schiff said on X (previously Twitter) that Grayscaleās Bitcoin Trust (GBTC) may not survive. Schiff questioned GBTCās capacity to advertise aggressively amid declining Bitcoin prices. Now the skepticism coincides with the rise of rival, lower-fee Bitcoin ETFs, prompting fears about GBTC shareholder abandonment. Hereās what it all means for you.
The launch of spot Bitcoin ETFs by Bitwise Invest, Fidelity, and BlackRock in the U.S. attracted $625.8 million in net inflows. Grayscaleās Bitcoin Trust lost $95 million, raising issues about investor preferences and GBTCās exorbitant fees. A large Bitcoin transfer from GBTC to a Coinbase Prime deposit address suggests investor assets may be shifting to other ETFs or regular selling.
Scaramucci: Grayscale ETF Sales Fueled Bitcoin Decline
On the other side, despite Bitcoinās 8% dip to $42,500 after ETF approval, some market analysts have labeled the launch a failure. Anthony Scaramucci, founder of SkyBridge Capital, points to substantial GBTC share sales as a key contributor.
In an interview with Bloomberg Television, Scaramucci highlighted a trend of significant Grayscale selling, with holders converting their shares from a trust to an ETF format. The recent SEC approval of ETFs led many to shift to these lower-fee alternatives, resulting in sell-offs to realize losses.
Having said that, Grayscale Bitcoin Trust, founded in 2013, had a record First-Day turnover of $2.3 billion on Thursday, a milestone for ETFs. Following losses, trust stockholders sought cheaper alternatives, lowering Bitcoin prices below $43,000 on Friday. GBTC shares fell 5.2% to $38.58 on Friday, compared to Bitcoinās over 160% rise in the previous year.
follow my channel #krypto1signal
#BTC #krypto1signal
#ETH-ETF
#BTC-ETF.
#ETH
MUST READ...........
BlackRock CEO, Who Received Bitcoin ETF
Approval, Announced Cryptocurrency and
Ethereum!
Larry Fink, CEO of BlackRock, the world's
largest asset manager, made a statement
about Ethereum (ETH) and cryptocurrency.
Larry Fink, CEO of BlackRock, which has
one of the 11 spot Bitcoin ETFs approved
by the US Securities and Exchange
Commission (SEC), made new statements
on Wednesday night (GMT+3).
In his statements to Reuters, Fink said that
he sees Bitcoin and cryptocurrencies as an
asset class, not a currency. The CEO also
made a statement regarding the iShares
#Ethereum Spot ETF, which he applied
at the beginning of November.
"I think the Ethereum ETF is also
valuable.'
Larry Fink also stated that among Bitcoin
ETFs, BlackRock has 40% of the total flow.
BlackRock's iShares Bitcoin Trust ETF led
other funds yesterday. iShares Bitcoin ETF
attracted the majority of the total volume
of $4.7 billion on its first trading day,
exceeding $1 billion.
#ETH-ETF
#BTC-ETF.
#ETH
MUST READ...........
BlackRock CEO, Who Received Bitcoin ETF
Approval, Announced Cryptocurrency and
Ethereum!
Larry Fink, CEO of BlackRock, the world's
largest asset manager, made a statement
about Ethereum (ETH) and cryptocurrency.
Larry Fink, CEO of BlackRock, which has
one of the 11 spot Bitcoin ETFs approved
by the US Securities and Exchange
Commission (SEC), made new statements
on Wednesday night (GMT+3).
In his statements to Reuters, Fink said that
he sees Bitcoin and cryptocurrencies as an
asset class, not a currency. The CEO also
made a statement regarding the iShares
#Ethereum Spot ETF, which he applied
at the beginning of November.
"I think the Ethereum ETF is also
valuable.'
Larry Fink also stated that among Bitcoin
ETFs, BlackRock has 40% of the total flow.
BlackRock's iShares Bitcoin Trust ETF led
other funds yesterday. iShares Bitcoin ETF
attracted the majority of the total volume
of $4.7 billion on its first trading day,
exceeding $1 billion.