💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
It’s all about Elon Musk as Crypto Twitter provides the backdrop to an ongoing battle between Bitcoin hodlers and the “Dogefather.”
“Elon Musk must be an outstanding technical analyst. His “Tesla has not sold any Bitcoin” tweet was posted exactly at Bitcoin’s key technical level, the 61.8 fib ($42,845).”
In other trending Bitcoin News today: Top Trader Says He’s Bullish on Two Underrated Altcoins, Unveils Big End of Year Target for Bitcoin!
A high-profile crypto trader is sharing his two under-the-radar altcoin picks and his BTC bull market end-of-year prediction.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
💥💥💥”#Bitcoin is designed to do 1 thing, kill central banks. Its hard-coded in the Genesis Block this very reference. It’s designed elegantly to kill CB’s. When CB’s are killed global energy usage goes from 160K terawatt-hours cut by 3 quarters.”-@MaxKeiser
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) May 16, 2021
To clarify speculation, Tesla has not sold any Bitcoin
— Elon Musk (@elonmusk) May 17, 2021
https://cointelegraph.com/news/banking-system-consumes-two-times-more-energy-than-bitcoin-research
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Ethereum ETFs Launch with Strong Inflows, Marking a Milestone for Crypto Investments
On July 23, 2024, the U.S. Securities and Exchange Commission (SEC) approved nine Ethereum exchange-traded funds (ETFs), marking a significant milestone in the cryptocurrency market. These ETFs, which track the price of ether, the native cryptocurrency of the Ethereum blockchain, saw substantial interest from investors on their first day of trading.
The launch was met with strong inflows, totaling approximately $107 million. BlackRock’s iShares Ethereum Trust (ETHA) topped the list with $273 million in investments, while the Bitwise Ethereum ETF (ETHW) came in second with $204 million. The Fidelity Ethereum Fund (FETH) also saw significant interest, securing $71 million in assets.
This launch comes after the successful introduction of Bitcoin ETFs earlier in the year, which set a precedent for cryptocurrency-based ETFs. The approval of Ethereum ETFs is expected to make ether more accessible to traditional investors, as these funds can be bought and sold through conventional brokerage accounts.
The trading volume for these new ETFs reached nearly $1.1 billion on the first day, indicating robust market interest. Despite the strong start, the Grayscale Ethereum Trust (ETHE) experienced outflows of $484 million, highlighting a shift in investor preference towards the newly launched ETFs.
The introduction of Ethereum ETFs is seen as a pivotal moment for the cryptocurrency market, potentially driving further adoption and investment in digital assets. Analysts predict that these ETFs could attract up to $10 billion in inflows over the coming months, potentially pushing the price of ether to new highs by the end of the year.
This development underscores the growing acceptance of cryptocurrencies in mainstream finance and the increasing demand for diversified investment options in the digital asset space.
