Digital asset investment products saw outflows for the first time in 4 weeks totalling $528m in what we believe is a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes.
Bitcoin saw outflows totalling $400m, the first following 5 weeks of inflows. Ethereum saw outflows totalling $146m, bringing the net outflows since the ETF launch in the US to $430m.
A bigger picture if you want to have a look.
https://www.tradingview.com/x/dTXOH1wK/
Bitcoin dominance reached a high of 53.68% yesterday, its highest level in three years since April 2021
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BTC's 1% market depth on major exchanges is down over 40% since Aug 1, from ~$150M to $86M as of Monday morning
Читать полностью…#Bitcoin current support 62,3k the last castle of bulls is around 58,4k where I'm expecting a strong bounce and #Bitcoin continue its upward move.
https://www.tradingview.com/x/zKEqsODL/
Last week, BlackRock's iShares Bitcoin Trust (IBIT) achieved a new all-time high of 67% market share in spot Bitcoin ETF trading volume, surpassing its previous record of 61%.
Читать полностью…Spot ETH ETFs are slated to launch on July 23, just over two months after the SEC approved a rule change for exchanges to list these funds.
Grayscale will convert its ETHE trust into a spot ETF as well as launching a mini trust which will be seeded with $1bn from the former fund.
In a similar fashion to its BTC ETF decision Grayscale kept ETHE’s fee significantly higher than competitors, at 2.5%.
CME Group futures now represent over 83% of the calendar futures market for Bitcoin and 65% for Ethereum, highlighting CME's growing influence in institutional trading
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