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Understanding Bitcoin ETFs: What They Are and Why They Matter?1. What is a Bitcoin ETF? A Bitcoin Exchange-Traded Fund (ETF) is a financial instrument that tracks the value of Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Bitcoin ETFs operate similarly to traditional ETFs, which track the value of assets like stocks, commodities, or indices. Managed by financial institutions, Bitcoin ETFs are available on traditional stock exchanges, making it easier for investors to participate in Bitcoin’s price movements through regular brokerage accounts. There are two main types of Bitcoin ETFs: Spot Bitcoin ETFs: Track the current market price of Bitcoin, directly reflecting its value. Futures-based Bitcoin ETFs: Track the value of Bitcoin futures contracts, which are agreements to buy or sell Bitcoin at a predetermined price at a specified time in the future. In the U.S., Bitcoin futures ETFs have been approved and launched on major exchanges like the New York Stock Exchange (NYSE), while spot Bitcoin ETFs are still under regulatory review by the Securities and Exchange Commission (SEC). 2. How Does a Bitcoin ETF Differ from Buying Bitcoin Directly? While both Bitcoin ETFs and direct Bitcoin purchases provide exposure to Bitcoin’s value, they differ in several key ways: Ownership and Custody Bitcoin ETFs: Investors own shares in the ETF, but not the actual Bitcoin itself. The ETF provider holds the underlying Bitcoin or Bitcoin futures contracts, taking on the responsibility of secure custody. Direct Bitcoin Purchase: Investors who buy Bitcoin directly through cryptocurrency exchanges or wallets own the Bitcoin and have full control over it, including the responsibility for secure storage. Access and Regulatory Oversight Bitcoin ETFs: Are traded on traditional stock exchanges and are regulated by financial authorities. This oversight ensures investor protections that are not typically present in cryptocurrency markets. Direct Bitcoin Purchase: Involves buying from cryptocurrency exchanges, many of which are less regulated and may lack certain protections offered by traditional financial products. Trading Hours Bitcoin ETFs: Trade during standard market hours, typically from 9:30 AM to 4:00 PM EST. Investors can buy or sell shares only within these hours. Direct Bitcoin Purchase: Bitcoin can be traded 24/7, giving investors the flexibility to enter or exit positions at any time. Taxation and Fees Bitcoin ETFs: Investors are subject to capital gains taxes and may also incur management fees for ETF administration. Direct Bitcoin Purchase: Direct Bitcoin investors are also subject to capital gains taxes. However, they may face lower or no management fees, depending on how they store their Bitcoin. Use of Leverage and Derivatives Bitcoin Futures ETFs: These funds allow investors to speculate on Bitcoin’s future price movements without holding actual Bitcoin. However, futures-based ETFs can be more complex, as they rely on futures contracts rather than spot prices, which can introduce tracking errors. Direct Bitcoin Purchase: Investors buy Bitcoin directly, holding actual units of the asset without derivatives or leverage, providing a more straightforward exposure to its current market price. 3. Why is a Bitcoin ETF Important for the Cryptocurrency Market? The approval of a Bitcoin ETF is a significant milestone for the cryptocurrency market for several reasons: 1. Broader Accessibility Traditional Investors: A Bitcoin ETF opens the door to traditional investors, especially those who may not be comfortable using cryptocurrency exchanges. Investors can access Bitcoin exposure through familiar brokerage accounts without needing to learn about wallets or private keys. Institutional Interest: A Bitcoin ETF creates an easier path for institutional investors to participate in the Bitcoin market, bringing in large amounts of capital. As institutions enter the market, Bitcoin's market liquidity and price stability may improve. 2. Increased Legitimacy The introduction of a Bitcoin ETF legitimizes Bitcoin as an asset class in the eyes of regulators, investors, and financial institutions. It signals recognition from regulatory bodies and increases trust in Bitcoin among mainstream investors. 3. Boost to Market Liquidity Bitcoin ETFs can increase liquidity in the market, as they provide a regulated and accessible means for both retail and institutional investors to gain Bitcoin exposure. Greater liquidity can reduce volatility, making the market more stable over time. 4. Potential for Price Appreciation With increased demand and accessibility, a Bitcoin ETF could lead to upward price pressure on Bitcoin. This is especially relevant for spot ETFs, which would require the fund to hold actual Bitcoin, thus increasing demand for the underlying asset. 5. Step Toward Broader Cryptocurrency ETF Adoption Approval of a Bitcoin ETF could pave the way for ETFs focused on other cryptocurrencies like Ethereum or Solana, expanding the options for crypto exposure within traditional markets. This could accelerate the overall growth of the cryptocurrency sector. 4. Pros and Cons of Bitcoin ETFs While Bitcoin ETFs offer numerous benefits, they also come with certain drawbacks. Advantages of Bitcoin ETFs Ease of Access: ETFs are easily accessible through traditional brokerage accounts, removing the need for new accounts on cryptocurrency exchanges. Regulatory Protections: ETFs are regulated by financial authorities, providing investors with protections that may be absent on cryptocurrency exchanges. Enhanced Liquidity: Increased market liquidity through ETF participation can reduce volatility and provide a more stable trading environment for Bitcoin. Professional Custody: ETF providers manage Bitcoin custody and security, making it easier for investors who do not want to worry about wallet security or private key management. Diversification Opportunities: Bitcoin ETFs can be included in retirement accounts or blended into traditional investment portfolios, broadening their appeal as a tool for diversification. Disadvantages of Bitcoin ETFs Limited Trading Hours: ETFs can only be traded during standard market hours, unlike Bitcoin, which is available 24/7 on cryptocurrency exchanges. Management Fees: Most Bitcoin ETFs come with annual management fees, which can reduce overall returns for investors. Potential for Tracking Errors: In futures-based ETFs, tracking errors may occur, meaning the ETF's performance may not accurately match Bitcoin’s actual price movements. No Direct Ownership of Bitcoin: ETF investors do not own Bitcoin itself, which means they miss out on the ability to use or transfer the asset directly. Market Dependency on Regulators: The introduction and ongoing success of Bitcoin ETFs depend on regulators’ willingness to approve and support crypto-based financial products, which may limit the ETF market’s expansion. 5. Outlook and Future of Bitcoin ETFs The potential approval of a spot Bitcoin ETF in the U.S. could be a game-changer. With increased institutional and retail access, the Bitcoin ETF market could drive greater adoption and legitimacy for cryptocurrencies overall. However, regulatory challenges remain, as the SEC has thus far resisted approving spot Bitcoin ETFs due to concerns about market manipulation and lack of robust investor protections. As regulatory clarity improves, we may see a broader array of crypto-based ETFs emerge, possibly including multi-asset ETFs that combine Bitcoin with other cryptocurrencies or assets, such as stocks or commodities. Furthermore, as institutional adoption grows, the role of ETFs in the financial ecosystem could increase, potentially influencing Bitcoin’s price dynamics and volatility as well. Conclusion Bitcoin ETFs represent a bridge between the traditional financial world and the emerging cryptocurrency market. While they offer unique advantages, such as regulatory protections and ease of access, they also come with limitations like management fees, limited trading hours, and the lack of direct ownership. For those who want exposure to Bitcoin within the security of a regulated investment product, Bitcoin ETFs provide a promising option. The success and potential of Bitcoin ETFs lie in their ability to draw both individual and institutional investors into the cryptocurrency market, making it a potentially transformative development for the financial world. As more countries consider ETF approval, and as the cryptocurrency industry matures, Bitcoin ETFs could play a pivotal role in the mainstream adoption and integration of digital assets. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
NASDAQ:IBITEducation
by Crypto4light
1
BLK - Strong uptrend is intact with new highs Upward trend, which started from the covid bottom of 2020, continues. The total assets managed by the company reached 11.5 trillion USD, with an annual increase of 2.4 trillion USD. The company increased its quarterly revenues by 15% to $5.197 billion, exceeding expectations of $5.007 billion. Earnings per share for the last quarter were $11.46, above expectations of $10.38. The shares of the company, which announced a net profit of $1.6 billion in this quarter, exceeded the 2021 high level of $970 and reached $990, and its current market cap is $147 billion. The stock, which has a dividend yield of 2%, is trading with a price-earnings ratio of 24.
NYSE:BLKLong
by murat_cal
Blackrock(BLK): Targeting $1050-$1250 After Strong EarningsThis week, BlackRock will release its third-quarter earnings report, and there’s a lot of optimism in the air. Morgan Stanley expects BlackRock to beat analyst expectations, forecasting stronger-than-expected net flows. According to Morgan Stanley, net flows will likely accelerate 8.3% year-over-year on an organic basis, with their forecast being 420 basis points ahead of the consensus. They also predict a 5.7% organic growth rate for long-term inflows, marking a sequential acceleration. BlackRock is scheduled to release its third-quarter results on Friday. From a technical analysis standpoint, we anticipate more upside but with some limitations. We expect the intra-wave structure of wave ((iii)) to land between $1050 and $1350, though the more likely range is $1050-$1250. After spotting potential weakness in this range, we’ll be looking for an opportunity to enter on wave ((iv)), and we’ll send out limit orders when the time comes. As for the overarching wave (1), we expect a maximum of $1500 before a larger correction occurs. Stay tuned as we monitor this carefully and share the next steps.
NYSE:BLKLong
by freeguy_by_wmc
SEC Allows Options Trading on BlackRock’s Bitcoin ETF Market Update - September 27th, 2024 Takeaways The SEC has approved Nasdaq's request to list and trade options on BlackRock's spot bitcoin ETF: The decision introduces new hedging tools for investors but comes with a 25,000 contract limit which has been criticized by the exchange as “conservative.” Crypto investment products saw a second consecutive week of inflows, totaling $321 million, after the Fed's decision to cut rates: Bitcoin investment products led the pack with $284 million in inflows last week. More than 40 Republican lawmakers called on SEC chair Gary Gensler to withdraw the crypto custody rule (SAB 121): They argue the rule increases consumer risk and stifles innovation. Caroline Ellison, ex-CEO of Alameda Research, was sentenced to two years in prison for her role in the FTX fraud case: Despite her cooperation with law enforcement in the case against Sam Bankman-Fried, the judge ruled that Ellison must still serve time. On Monday, OpenAI’s official news account on X was compromised, with hackers using it to promote a fake "$OPENAI" token: The fraudulent post claimed the token would grant access to future beta programs and directed victims to a spoof website. PayPal to accept crypto payments: Payments giant PayPal announced Wednesday it would allow business accounts to buy, hold, and sell cryptocurrencies. SEC Allows Options Trading on BlackRock’s Bitcoin ETF on Nasdaq's ISE The SEC has approved a rule change permitting the listing and trading of options on the iShares Bitcoin Trust (IBIT), BlackRock’s Bitcoin ETF, on Nasdaq’s International Securities Exchange (ISE). BlackRock had been pushing for this approval since March, following the launch of several bitcoin-linked ETFs in the US. Earlier proposals faced concerns around market manipulation. Regulators also expressed concerns around introducing more crypto derivatives products to the market, due to their nascency. To address these concerns, the SEC approved an amendment that limits positions on IBIT options to just 25,000 contracts. The limit has been described as "extremely conservative" by Nasdaq. The regulator also concluded that the exchange’s surveillance systems would be an adequate deterrent for market manipulation. Currently, BlackRock’s IBIT spot bitcoin ETF is the largest in the world, with more than $17 billion in assets under management. 🏦 Topic of the Week: What Are Central Bank Digital Currencies? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.
NASDAQ:IBITLong
by ew-forecast
New IBIT Downside Gap To Fill Signaling Bitcoin RetracementWe have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that... Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill. EVERY ONE SO FAR. So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to drift lower to re-test recent lows before heading higher again.
NASDAQ:IBITShort
by BrettFogle
$HBAR | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a Support trendline and is in the range of a Demand Zone - Price action is also close to an all-time low Fundamental Confluences: - HBAR is a Layer 1 blockchain which has potential for further adoption - Recently in April, there was a big spike in CRYPTOCAP:HBAR price after an announcement that blockchain firms Archax and Ownera tokenized BlackRock's ICS UST Funds on Hedera - Blackrock came out and clear the air that they are not involved with Hedera; the 2 firms were the ones who were involved in tokenizing it - Although it is not a direct involvement by BlackRock, it gave HBAR Foundation alot of attention (potential moving forward) ________________________________ With the above fundamentals, I will allocate my first tranche of HBAR allocation for my Long-Term portfolio. I may trade on this pair with a tight SL level if it breaks below the Red Line shown. Likely to hold onto this pair at least till it reaches the 161% Fibo Extension Supply Zone. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
BlackRock: Poised for a Bullish Breakout? **Current Price Range**: $846 to $822 (Weekly Frame) **Potential for Bullish Reversal**: BlackRock, trending between $846 and $822, shows signs of a potential bullish reversal. A strong resistance at $895.20 is key. Breaking and closing above this level on the weekly timeframe could indicate a reversal and the continuation of a bullish trend. **Double Top Formation and Historical Context**: The double top pattern from November 15, 2021 , initially suggested bearish momentum due to overvaluation and economic concerns. However, BlackRock's strategic growth initiatives, including climate transition ETFs, acquisitions, and private market expansions, offer strong bullish prospects. **Probability Indicator**: Our probability indicator, currently above the middle threshold, hints at a shift towards bullish momentum. **Key Levels to Watch**: - **Resistance Level** : $895.20 - A break above this level may signal a bullish continuation. - **Support Level** : $726.37 - A hold above this zone could further support the bullish outlook. **Market Factors**: **Strategic Growth** : BlackRock's innovative initiatives and acquisitions position it well for future growth. **Resilience Amid Challenges**: Despite facing outflows and ESG-related backlash, BlackRock remains robust. **Leadership and Vision**: CEO Larry Fink's strategic direction emphasizes long-term growth and adaptation to market changes. **Expected All-Time High**: BlackRock is expected to reach its all-time high by end-March 2025, supported by its strategic initiatives and resilience in the market. **Conclusion**: BlackRock is on the verge of a potential bullish breakout. Monitoring the $ 895.20 resistance level is crucial for confirmation. The company's strategic initiatives and resilience indicate a strong potential for a bullish trend continuation, possibly mirroring the market recovery patterns seen after the 2008 financial crisis.
NYSE:BLKLong
by wikitrades
1
Blackrock's aim for the Crown of Digital Currency ETFsSince it's inception at the start of January 2024 the iBIT ETF has gone up 31.35%. As of writing this July 22, 2024 the iShares Bitcoin ETF has seen an astounding $523 Million Inflows and a $912 Million trading volume over the last 24 hours. BlackRock is buying up Bitcoin at a pace unlike any seen before from institutional investors. This means that they can soon start borrowing and leverage their Bitcoin positions thanks to the sheer size their Spot ETF has so far. With the news of the Ethereum ETF being launched we can expect to see the price of iBIT rise up to $60.45 in the near future. Technical Analysis shows that the previous downtrend had been broken and that a reclaim of the range is now giving us a bullish indication for future price movement. Read our full report on our website to get a more in-depth look.
NASDAQ:IBITLong
by ForexFrontier
COINBASE #COIN priced in #Bitcoin 3X outperfromanceShould u just buy Coinbase stock rather than the go through the hassle of Buying , storing, off-ramping profits back to your bank. It is far easier for big money who want some crypto exposure to just buy crypto stocks. All in their familiar regulated platform, hence why the Spot ETF is so important... But who are the custodians Blackrock is entrusting to hold their #BTC..... Coinbase This will be a big money maker for Coinbase and hence why it could actually overperform and get back to all time high's in the next two years.
NASDAQ:COINLong
by BallaJi
3
Perfect Pullback!The areas I am interested in for a long trade would be around $0.90 cents to retest the weekly or flipping $1 into support. Targets for both would be the Value Area High of the upper range. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
4
US Spot BTC ETFs Garner $887m in Day, BTC approaches 72k BTC price approaches $72K: The price of bitcoin surged to nearly $72K on Wednesday after US spot bitcoin ETFs recorded their second highest single day of net inflows. President Biden vetoes a bipartisan resolution aiming to reverse an SEC rule on crypto custody services: The White House said the resolution would “jeopardize the well-being of consumers.” Robinhood buys exchange: Robinhood announced Thursday it has agreed to acquired Bitstamp, a European crypto exchange, for around $200 million. MicroStrategy and its chairman Michael Saylor have settled tax fraud allegations for FWB:40M : The company’s stock subsequently jumped more than 3% on Wednesday; the company maintains nearly FWB:15B in BTC holdings. Changpeng "CZ" Zhao, founder of Binance, started a four-month prison term in Santa Barbara, California: CZ admitted to violating the Bank Secrecy Act (BSA) in November. Shares in GameStop surged 21%: Keith Gill, "Roaring Kitty," revealed a $116M stake in the company, driving renewed investor interest and trading activity. 👤 Topic of the Week: What does KYC mean for crypto? 👉 Read more here
GEMINI:BTCUSD
by Gemini
GE HealthCare | GEHCGE Healthcare aka GEHC is a renowned global medical technology, pharmaceutical diagnostics, and digital solutions company that aims to revolutionize healthcare by eliminating limits. With a diverse portfolio of innovative products, services, and solutions, GEHC empowers healthcare professionals to make informed decisions quickly and improve patient care across the entire healthcare continuum. This article delves into the key aspects of GE Healthcare, including its business segments, macro trends driving growth, management incentives, financial performance, competitors, and valuation. GE Healthcare operates in four business segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics. These segments cater to healthcare providers and researchers worldwide, offering a wide range of products and solutions that enhance clinical decision-making and patient outcomes. The company's revenue streams come from the sale of medical devices, consumable products, services, and digital solutions. By focusing on customer-driven innovation, industry-leading service capabilities, and integrated digital solutions, GEHC continually improves the performance, quality, and customer experience of its offerings. GE Healthcare benefits from several macro trends that are shaping the healthcare industry. The growing adoption of precision health, fueled by advancements in genomics, personalized medicine, and targeted therapies, presents opportunities for GEHC to develop tailored solutions. The global precision medicine market is projected to reach $278.3 billion by 2027, with a CAGR of 10.5%. Additionally, the market for genomic testing is expected to reach $30.9 billion by 2027, growing at a CAGR of 14.7%. The digitization of healthcare through AI and machine learning enables the analysis of vast amounts of patient data for more accurate diagnoses and treatment decisions. The global healthcare artificial intelligence market is predicted to reach $31.3 billion by 2025, growing at a CAGR of 41.5%. Furthermore, increasing demand for healthcare services driven by demographic trends and improving access to healthcare in emerging markets further support GEHC's growth trajectory. With personalized medicine estimated to have a market value of $3,168.0 billion by 2027, GEHC is well positioned to leverage these trends and provide innovative solutions to meet the evolving needs of the healthcare industry (Sources: Grand View Research, Fortune Business Insights, Allied Market Research, MarketsandMarkets). GEHC CEO, Peter J. Arduini, has improved incentives in place to drive the company's performance. With an amended offer letter, Arduini's base salary increased to $1,250,000, accompanied by an annual target bonus of 150% of his base salary and an annual long-term incentive grant target of $11,875,000 starting in 2023. These incentives provide a strong motivation for Arduini to lead GEHC's growth and success, enhancing shareholder value. In 2022, GEHC reported total revenue of $18.34 billion, representing a favorable increase compared to the previous year. Although the profitability declined in the final quarter, the company's operating cash flow and adjusted EBIT margin showed positive trends. GEHC guided organic revenue growth of 5% to 7% for 2023, along with higher adjusted EBIT margin and EPS ranges. The company's commitment to achieving a free cash flow conversion target of 85% or more further reinforces its positive financial outlook. GEHC faces competition from prominent players in the medical technology industry, including Philips Healthcare, Draeger, Mindray, Masimo, and Baxter. In specific segments, GEHC competes with Siemens Healthineers, Canon, Fujifilm, Carestream, Hologic, and other companies. Despite competition, GEHC's comprehensive product portfolio, customer-focused approach, and commitment to innovation position it well in the market. GE Healthcare stands out from its competitors in the healthcare sector due to its robust portfolio of cutting-edge products and data-driven solutions. The company's commitment to innovation and advanced technologies enables it to offer unique offerings that address the evolving needs of the industry. One key area where GEHC excels is precision health. Leveraging advancements in genomics, personalized medicine, and targeted therapies, GEHC develops tailored solutions that provide precise and effective treatments for patients. For example, its innovative imaging technologies, such as magnetic resonance imaging (MRI) and computed tomography (CT), enable high-resolution visualization of anatomical structures, aiding in the accurate diagnosis and monitoring of various medical conditions. Moreover, GEHC is at the forefront of the digital revolution in healthcare. By harnessing the power of artificial intelligence (AI) and machine learning, GEHC's products analyze vast amounts of patient data to deliver more accurate diagnoses and treatment decisions. For instance, its AI-powered imaging software can detect and analyze anomalies in medical images, helping clinicians detect diseases at an early stage and enhance treatment outcomes. This data-driven approach not only improves patient care but also increases operational efficiency in healthcare facilities. GEHC's commitment to delivering innovative solutions is further reflected in its diverse product offerings. The company provides a wide range of medical devices, including ultrasound systems, patient monitors, anesthesia machines, and diagnostic imaging equipment. These products are designed to meet the unique needs of healthcare providers and patients, empowering clinicians to make informed decisions and improving patient outcomes. Based on a valuation analysis using trading multiples of similar companies, GEHC's value is estimated to range from $55 billion to $81 billion. Taking the midpoint of this range, the company's estimated enterprise value (EV) is $64 billion, suggesting a potential stock price of $125. This valuation indicates a significant upside potential of at least 66% within 18 to 24 months from the current price. With its strong market position, growth opportunities, and commitment to advancing healthcare, GEHC presents an attractive investment prospect. GE Healthcare is a leading global medical technology and digital solutions company with a clear mission to transform healthcare. With its diverse portfolio of products, services, and solutions, GEHC is well-positioned to capitalize on the growing demand for precision health, digitization, and improved access to healthcare. The company's financial performance, management incentives, and competitive landscape further support its growth potential. Considering the estimated valuation, GE Healthcare's stock price has the potential to increase significantly in the next 1.5 to 2 years, offering investors an opportunity for substantial returns.
NASDAQ:GEHCLong
by moonypto
ETH ETF Approval and Consensus 2024Congratulations to all holding ETH and all in crypto as a whole! This past week has been MASSIVE for legislation in the field. This ETF approval shocked me- I figured it'd happen just not so soon. Turns out crypto is going to get more and more intersected with politics as time moves on from here on out... As for ETH's price and the market, I am basing my analysis on how the BTC affected its price. It's also worth mentioning that we don't know yet when the ETH ETF will begin trading. Hong Kong's ETH ETF has not been remotely as successful as BTC, but I am optimistic on how ETH will perform here in the US. Regardless, I like many others agree the ETH ETF won't be remotely as popular as the BTC one has been. To be honest, I never really ever thought the ETH ETF was that important for its success anyways- but this approval legitimizes the asset and the entire digital asset space as a whole. I'd argue this legitimization is even more important than the inflows will be. My prediction is a copy+paste of the price action of BTC after the ETF approval. Maybe we dump for a little bit more and then run up? I could see Consensus 2024 maybe speeding up this process- that convention starts on May 29. Crypto generally does well at the end of May every year, so I'm optimistic that maybe this goes up way quicker than I am expecting. Good luck everyone! This has been a fantastic 2024 so far, and the trend is on our side.
COINBASE:ETHUSDLong
by seqwhence
3 Different Bull Scenarios for BTC Apr-May 2024 🍃🌻🥵I should preface and say that these 3 different predictions are based off a similar price action that occurred between June and July 2017, where the sentiment for BTC was very similar to the current sentiment we face here in April and May 2024. I believe that a lot of the run up of this bull market for the next year or so will be similar to 2017 where positive news for BTC keeps coming. I know some argue the ETFs don't play a big role in price action, but I strongly disagree long term. If BTC has taught me anything throughout the years it's that information and knowledge of the asset has only strengthened its fundamentals and allowed it to prosper to what it is today. When individuals truly understand the benefit of having BTC in their portfolio (or even retirement), it's a notion/idea that can't be easily shaken off. Given that interest rates are likely to be cut later this year and inflation showing no signs of slowing down, I think it's impossible for me to be bearish on BTC. The largest asset managers in the world will not stop hyping up BTC and their ETFs. This all being said, I was very wrong about the short term price action and am re-evaluating possible scenarios that may play out in the next 2 months. June-July 2017 was a moment in time where BTC just pressed up against $3,000, got rejected, and it took an entire month for it to eventually blow straight through. While the overall sentiment seems very positive for BTC right now, the one thing we cannot mentally get past is that $70k barrier. And while we have passed it, it was not held convincingly. Maybe we got too ahead of ourselves thinking this could keep running up with no pullback- I know I definitely did. I'm more bullish than I ever have been, but I think recognizing that the market does not move as fast as we always want it to is important. For ETFs, these products take time to prosper in markets. Luckily for us, the crypto markets move quick (relative to other markets). So here are 3 bullish scenarios. If anyone watched, that dump last night was aggressive. This is trader's territory now. If there is no bounce within the coming days (I don't expect there to be a big one), then we will continue bleeding out to $61-59K. I think it's going to take some real FOMO to be witnessed if we want this bounce to be grand. These bull market cycles have taught me that just one strong bounce alongside ongoing positive news can completely switch the narrative and price action. Because the truth is, there has been almost no bad news for BTC since January. If there has been, please enlighten me. Because most of the negative Crypto news I read is related to other coins (worth noting I hold ETH as well). So breathe in, hold it.... and breathe out. We will be okay. This bull market is just getting started. The positive sentiment, good news, and true value of BTC are all very real. Honestly I hope I'm wrong and we shoot up ASAP. Unfortunately, price action I don't think is always necessarily timed out accordingly with factors such as sentiment and news. Let the short term traders do their thing, and HODLers will still end up rewarded in the longer term. But as always, BTC has humbled and continues to humble me. Good luck traders and HODLers!
COINBASE:BTCUSDLong
by seqwhence
4
Has the Bitcoin Market Become More Manipulated After ETFs? The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in late 2023 undoubtedly marked a turning point for the cryptocurrency. However, with this institutional influx, concerns regarding increased market manipulation have also surfaced. Let's delve into whether these concerns hold water and what the future might hold for Bitcoin's volatility. Pre-ETF Era: A Wild West of Wash Trading Market manipulation in Bitcoin wasn't exactly a new phenomenon before ETFs. Wash trading, a tactic where investors buy and sell the same asset repeatedly to inflate its trading volume, was a prevalent concern. This created an illusion of high demand, enticing others to invest and driving prices up artificially. Mark Cuban, a prominent crypto investor, even predicted wash trading as the "next possible implosion" for the industry in early 2023 . The Double-Edged Sword of Institutional Investors The arrival of big players with the ETF has undeniably brought more regulation and scrutiny to the market. This, in theory, should deter blatant manipulation tactics. However, the sheer volume these institutions trade with can also influence prices significantly. The question isn't whether they manipulate, but rather how their trading strategies might unintentionally impact market behavior. A Glimpse into the Recent Controversy A recent Wall Street Journal report alleging that Binance, a major cryptocurrency exchange, fired an investigator uncovering market manipulation by a VIP client reignited concerns . This incident highlights the potential conflicts that can arise when profit margins clash with regulatory compliance. So, Has Manipulation Increased? The answer is complex. While blatant wash trading might be less prevalent, the impact of institutional trading volume and potential conflicts within exchanges are new considerations. It's likely that the nature of manipulation has evolved, becoming more subtle and potentially harder to detect. A Future of Stability or Stagnation? The influx of institutional investors could indeed lead to a more stable Bitcoin market, mirroring traditional stock indices. This would be a far cry from the explosive, volatile growth Bitcoin has seen in the past. However, this stability might also come at the cost of reduced returns for investors hoping for another Bitcoin boom. The Long Hodler's Perspective As a large language model, I can't claim to be a "hodler" (long-term Bitcoin holder). However, historical data suggests that Bitcoin has weathered similar periods of regulation and scrutiny before. The key takeaway is that despite potential manipulation, Bitcoin's underlying technology and its core value proposition as a decentralized currency still hold significant appeal. The Road Ahead The future of Bitcoin manipulation hinges on two key factors: 1. Regulatory Strength: Stronger regulations with clear guidelines and robust enforcement mechanisms are crucial to deter future manipulation attempts. 2. Transparency on Exchanges: Exchanges need to be more transparent about their trading practices and address potential conflicts of interest. Conclusion Whether Bitcoin morphs into a stable, institutionalized asset or maintains its volatile character remains to be seen. However, the fight against manipulation, regardless of its form, will be critical in ensuring a fair and healthy Bitcoin market for all participants.
BITSTAMP:BTCUSDEducation
by bryandowningqln
1