Jim Bianco discusses Bitcoin's growth potential post-2028 halving and challenges with spot ETFs.
Recent movements in Spot Ethereum ETFs saw net outflows, prompting investors to shift focus to Bitcoin ETFs and reevaluate their strategies during volatile times.
Ethereum price drops below $3,000 as whales sell $1.8 billion worth of ETH, causing bearish sentiments and potential selling by long-term holders.
Whales have moved 17 billion ADA tokens ahead of Cardano's Chang hard fork, signaling strong confidence in the network. This has resulted in a significant price uptick and increased transaction volumes.
Ethereum's next update, Pectra, is set to launch by Q1 2023, including Vitalik Buterin's proposed EIP-7702, following the green light for Spot ETFs.
Analysts anticipate the approval of Ethereum Spot ETFs, which is expected to impact the top 10 developer-focused altcoins.
Spot Bitcoin ETFs saw a $344 million withdrawal in April, highlighting investor caution due to market volatility, signifying a shift in crypto market sentiment.
Bitcoin ETFs now hold approximately 950,000 Bitcoins, representing 4.5% of the total supply. U.S. spot ETFs have acquired an additional 1,318 Bitcoins in the past week.
Bitcoin Spot ETFs have recently been approved in Hong Kong, prompting speculation about potential expansion to other major Asian economies.
Bitcoin experiences a 5.8% price drop, leading to a market turmoil and $936 million in liquidations, while Bitcoin spot ETFs gain attention.
