ETF Financial News

By Ananya Mariam Rajesh and Aatrayee Chatterjee

The Terra Luna Classic price has bombed by 4.5% in the past 24 hours, falling to $0.00006193 as the altcoin continues what looks like a terminal decline.

Bitcoin price prediction remains bullish as BTC is trading at $34,432 with a 0.64 percent increase on Wednesday, the push towards this crucial threshold is buoyed by the substantial influence of crypto whales.

The $6 trillion provider of Australia’s oldest exchange-traded fund has slashed its management fees, a move that brings its costs in line with its faster growing competitors.

Preparations are in full swing for Karwa Chauth 2023. It is a special occasion dedicated to married women, who usually fast, from sunrise to moonrise, for the good health and longevity of their husbands. They don't drink water, eat food throughout the day, and open the fast after offering Arghaya to the Moon. Husbands can make their wives feel special by gifting them financial security this Karwa Chauth.

mutual funds over the past one year, and many more are expected to join in the coming months. They have an option to buy and hold units in the same demat account where their stocks are held, or they can buy units from the fund house without the need for a demat account.

The ticker for Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. 

Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. 

Online traffic to Bitcoin’s Wikipedia page surged last week, signaling rising public interest in the asset as its price soared to a new yearly high.

Cash has rarely been this hot on Wall Street. Financial advisers warn holding too much can burn a hole in your portfolio. With markets rocky and cash earning 5% or more, investors have boosted their holdings of money-market funds to a near-record $5.6 trillion, according to the Investment Company Institute.

crypto rebel, is racing into the heart of the financial establishment with an exchange-traded fund that tracks its price. But will it strike gold? The world's biggest cryptocurrency has leapt 28% in October, with investors betting U.S. regulators will give the green light for a spot bitcoin ETF and thereby unleash a new wave of demand.

Investors have been eagerly anticipating regulatory approval for a spot Bitcoin ETF, which is expected to trigger a fresh wave of institutional demand in the leading cryptocurrency.

Bitcoin price trajectory has once again captured the attention of the financial world. Bitcoin price closing at $34,296 on Tuesday with a marginal decrease of less than0.10%, the cryptocurrency’s performance continues to intrigue both skeptics and proponents.

Bitcoin futures exchange-traded funds have seen the largest single week of inflows since July of last year. The funds raked in about $326 million with expectations rising that the US Securities and Exchange Commission is poised to approve a spot-based Bitcoin ETF, according to a report by crypto asset manager CoinShares on Monday. The optimism is also helping to boost demand for so-called altcoins, with Solana-related products seeing $24 million in inflows. Ether, the second largest cryptocurrency after Bitcoin, saw $6 million in outflows. Forecasts for the approval of a spot Bitcoin ETF have been increasing since the SEC declined to appeal an August court ruling that threw out its rejection of a plan by Grayscale to convert its Bitcoin trust to an ETF. Bitcoin is trading at levels that have not been seen since the crypto market meltdown last May. However, investors are showing restraint despite the prospect of a spot Bitcoin ETF approval. “While positive for Bitcoin, this weekly inflow only ranks the 21st largest on record, suggesting continued restraint among investors,” the report said.

Crypto exchange-traded products (ETPs) saw their largest weekly inflows in more than a year, according to an Oct. 30 report from asset management platform CoinShares. Inflows were $326 million for the week ending Oct. 27, dwarfing the $66 million recorded over the previous week.

The recent gains are a rare sight in 2023, even considering Bitcoin's impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase.

By Suzanne McGee and Bansari Mayur Kamdar

In the face of looming recession fears and persistently dire predictions, the U.S. economy has managed to demonstrate remarkable resilience.

The cryptocurrency market has found new momentum by a recent rally that propelled Bitcoin’s value towards the $35,000 mark.

Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019.

Meanwhile, the global cryptocurrency market cap surged 0.7% to around $1.27 trillion in the last 24 hours. Bitcoin was up 0.66% at $34,304 as of 12:30 p.m., while its largest peer, Ethereum, surged 0.54% to above the $1,750 level. Broader markets, including crypto, reflected positive gains as investors prepare for the Fed meeting scheduled for Wednesday, and the release of the U.S. jobs report. The crypto fear and greed index also continues to stay in the greed zone despite a four-point drop; currently at 68/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.