[ad_1] Asset manager Canary Capital has officially filed for a spot Solana ETF in the United States, following in the footsteps of investment firm VanEck, which introduced its own application four months ago. The Solana ETF move was confirmed minutes ago by Bloomberg ETF expert James Seyffart on social media platform X (formerly Twitter). Canary Capital Pursues Spot Solana ETF Despite not having a live exchange-traded fund in the US, unlike established issuers such as BlackRock, Fidelity and Grayscale, Canary Capital’s filing signals its continued intent to enter the crypto ETF space following the significant uptake seen in recent months. …
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. US Bitcoin ETFs recorded their highest daily inflow since inception, amassing $870 million on Tuesday. This surge in investment comes as the largest cryptocurrency inches closer to its all-time high of $73,700, originally reached in March. This comes as investor sentiment appears to be buoyed by speculation surrounding a potential victory for Republican candidate Donald Trump over VP Kamala Harris, which many believe could foster a more positive environment for the digital asset ecosystem, ultimately favoring crypto prices. Bitcoin ETFs Inflows And Price Rally According to Bloomberg data, Tuesday’s subscriptions pushed the…
[ad_1] As the crypto market maintains its bullish strength, many key metrics of Bitcoin have been demonstrating strong and optimistic trends in recent weeks, which could impact prices positively, suggesting a promising outlook for BTC in the upcoming days. A Strong Growth In Bitcoin Futures Premium Bitcoin‘s futures annualized premium, a crucial metric that often gives bullish signals, has witnessed significant growth in the past few weeks. Crypto enthusiast and analyst, James Van Straten, shared the positive development on the X (formerly Twitter) platform, capturing the crypto community’s attention. It is worth noting that the increase in this crucial indicator…
[ad_1] Este artículo también está disponible en español. Although Bitcoin (BTC) is yet to breach its USD all-time high (ATH) value, the flagship cryptocurrency has made a new ATH against the euro (EUR) and some other fiat currencies. Bitcoin Makes Fresh ATH Against Euro Bitcoin surpassed €68,000 ($73,561) on October 29, establishing a new ATH against the euro. The largest cryptocurrency by market cap reached this milestone on multiple crypto exchanges, including Binance. Related Reading This marks the first time since March 2024 that BTC has set a new ATH against the euro. Although Bitcoin came very close to a…
[ad_1] Ethereum founder Vitalik Buterin has just given up the number 2 top crypto spot to Dogecoin, the world’s first and largest meme-based cryptocurrency. Buterin has stated that Dogecoin deserves to be ranked right after Bitcoin (BTC), underscoring the meme coin’s significance in the crypto space and unique cultural impact. Buterin Ranks Dogecoin As Top 2 Cryptocurrency Teslaran, a crypto community member on X (formerly Twitter), recently released a video featuring Buterin in an exclusive interview. During the interview, the Ethereum founder surprisingly endorsed Dogecoin, declaring that it deserves to be ranked second after Bitcoin as the most prominent cryptocurrency.…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Bitcoin surged past $73,000 yesterday, nearly breaking its all-time high and sparking a wave of optimism and euphoria across the market. This significant price movement has fueled hopes for BTC’s push into price discovery and new, uncharted territory. Key data from CryptoQuant reveals that institutional demand for Bitcoin is rising, with notable inflows into custodial wallets. This uptick indicates that institutional investors are increasingly accumulating BTC, reinforcing a strong demand that supports the ongoing rally. This rise in institutional activity could be pivotal in driving Bitcoin to fresh all-time highs. Many analysts believe that institutional demand is the missing…
[ad_1] The Shiba Inu price has been on a rampage alongside many other cryptocurrencies. Over the past 24 hours, Shiba Inu has increased by about 4.4% amidst significant investor interest. Recent on-chain data points toward the possibility that this rally may be far from over, as key indicators signal sustained enthusiasm for SHIB. Notably, the SHIB burn rate recently skyrocketed 436% as large-scale holders, or whales, pushed up trading volumes with growing interest in the token amid broader market momentum. Shiba Inu Burn Rate Surges 436%, Whale Activity Pushes SHIB’s Trading Volumes Higher According to data from Shibburn, Shiba Inu’s…
[ad_1] A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt. Pseudonymous analyst Rekt Capital tells his 508,200 followers on the social media platform X that the native asset of the yield tokenization protocol Pendle (PENDLE) looks poised to start a new uptrend. The analyst shares a chart suggesting that PENDLE has successfully retested the neckline of an inverse head and shoulders pattern on the weekly chart, indicating that the altcoin is in a position to move higher. “Technically, PENDLE has performed a good weekly close…
[ad_1] Bitcoin is marching higher, easing past $70,000 and $72,000 in the past two days, sparking a wave of demand. Although prices are moving within a tight range at spot rates, the uptrend remains. While there are pockets of weakness, at least seen earlier today, candlestick formation in the daily and weekly charts point to strength. Is Bitcoin Preparing For A 6X Surge To $462,000? In a post on X, one analyst thinks Bitcoin will not only break above its all-time high at $74,000 but can easily 6X to over $462,000 in the coming sessions. To support this outlook, the…