|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Spot Bitcoin ETFs Accumulate 5.3% of All Existing Bitcoin, Analyst MAC_D Says
Nov 18, 2024 at 12:52 pm
Spot Bitcoin ETFs have accumulated 5.3% of all existing Bitcoin, according to CryptoQuant analyst MAC_D.
Spot Bitcoin ETFs now hold 5.3% of all Bitcoin, according to CryptoQuant analyst MAC_D.
This marks a significant increase from 3.15% at the beginning of the year, with holdings rising from 629,900 BTC to 1.05 million BTC.
The analyst observes a correlation between Bitcoin accumulation through spot ETFs and price movements, especially during the March and November price surges.
US-listed spot Bitcoin ETFs saw net inflows of around $4 billion by the end of March, according to Farside Investors.
These ETFs also experienced a surge in trading volume, reaching $111 billion in March, according to Bloomberg ETF analyst Eric Balchunas.
The inflows coincided with an uptick in Bitcoin prices, which reached a high above $73,000 during the period.
Later in the year, November saw a strong increase in Bitcoin ETF inflows and trading volumes, fueled by positive market sentiment
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- Bitcoin Reaches Its Highest Price of US$90,771, Triggers Increase in Dogecoin (DOGE) and BONK Prices
- Nov 18, 2024 at 04:25 pm
- Bitcoin has just reached its highest price of 90,771 US Dollars (approximately Rp1.4 billion), which has also triggered an increase in the price of meme coins such as Dogecoin (DOGE) and BONK.
-
-
-
- Did Coinbase’s Base network steal art for its NFT? One artist says yes.
- Nov 18, 2024 at 04:25 pm
- The controversy began when Chris Biron, an artist involved in the Non-Fungible Token (NFT) space, publicly challenged Base, an Ethereum layer-2 scaling solution incubated by Coinbase, for allegedly copying his artwork without permission or attribution.
-
- The Enduring Allure of Cryptocurrency Mining: Bitcoin (BTC), Ethereum Classic (ETC), Ravencoin (RVN), and Monero (XMR)
- Nov 18, 2024 at 04:25 pm
- In the ever-evolving world of cryptocurrency, mining remains a popular method for enthusiasts to earn digital assets. However, not all cryptocurrencies are created equal when it comes to mining. Here, we delve into some of the top cryptocurrencies that remain worthwhile to mine today.
-
-
-
- The New Value Cycle of DOGE: Political Flow Potential and Musk's 'Department of Government Efficiency' (D.O.G.E) Political Career
- Nov 18, 2024 at 04:25 pm
- We know the saying, "Buy the rumor, sell the news." Before the October elections, the article I published, “The New Value Cycle of DOGE: Political Flow Potential and Musk's 'Department of Government Efficiency' (D.O.G.E) Political Career”, received a good response and met expectations