Bitcoin ETF liquidity set to surge after SEC options approval — QCP
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
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To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.
According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks.
Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless.
Institutional inflows, while stabilizing, haven’t overcome whale sell-offs and massive token unlocks driving down Bitcoin prices.
If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report.
Investors piled into Bitcoin investment funds and crypto ETPs, with more than $1 billion in inflows over the last week.
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.
Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside.
Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs.
