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Nine Spot Bitcoin ETFs Acquired Over 100K Bitcoin (BTC) In Just Seven Days After Launch

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  • Nine spot Bitcoin ETFs acquired over 100,000 BTC in just seven days, while it took roughly 300 days for MicroStrategy to cross this mark.


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While Grayscale’s Bitcoin (BTC) exchange-traded fund (ETF) dumped more than 80,000 BTC in just a few days after trading lunch, other nine spot BTC exchange-traded funds (ETFs) have acquired more than 100,000 BTC.

Nine spot Bitcoin ETFs — including Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) — purchased 102,613 BTC in the first seven days after the trading launch on Jan. 11.

The amount is worth around $4.1 billion at the time of writing, according to CoinGecko.

The amount of Bitcoin purchased by spot Bitcoin ETFs in only seven trading days accounts for 53% of all Bitcoin amassed by the giant BTC investor MicroStrategy over the past three years. 

See Also: Spot Bitcoin ETFs Triggered A Sell-off Causing Bitcoin To Drop Below $40,000

According to MicroStrategy’s most recent BTC acquisition report, the firm held an aggregate of 189,150 BTC as of Dec. 26, 2023.

After starting to buy Bitcoin in August 2020, MicroStrategy crossed the 100,000 BTC mark in roughly 300 days, announcing it held 105,085 BTC in June 2021.

According to publicly reported data, BlackRock’s IBIT and Fidelity’s FBTC became the largest Bitcoin buyers among spot BTC ETFs since the trading launch, collecting 37,304 BTC and 29,232 BTC, respectively. 

The Bitwise Bitcoin ETF (BITB) and the ARK 21Shares Bitcoin ETF (ARKB) come next, buying 16,451 BTC and 10,630, respectively.

Unlike other Bitcoin ETFs, Grayscale Bitcoin Trust ETF (GBTC) — the largest Bitcoin ETF by BTC holdings — has been actively selling BTC since its trading launch, dumping 82,526 BTC. 

The amount is worth about $3 billion at the time of writing.

The massive GBTC selling has triggered a significant drop in the price of Bitcoin, with the cryptocurrency plummeting nearly 20% from above $48,000 on Jan. 11 to as low as $38,700 on Jan. 23, according to data from Coinstats. 

At the time of writing, Bitcoin is trading at $40,243.17, up about 2% over the past 24 hours.

BTC Price Chart | Source: Coinstats

 

Some industry observers linked GBTC selling to the estate of the collapsed FTX crypto exchange dumping $902 million in GBTC shares.

Many analysts also suggested that GBTC’s high trading fees triggered the outflows. 

As previously reported, GBTC charges as much as 1.5% for trading fees without waivers, while other ETF sponsors set fees between 0.2% and 0.4%, also offering temporary waivers.





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Press Release

Crypto Whales Move Millions From ETH Amid Ethereum Price Struggles, Here’s What They’re Buying Now

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With the Ethereum price struggling, crypto whales have been liquidating their ETH holdings. These crypto whales have made this move as they say the Ethereum price is unlikely to recover anytime soon. In line with this, these crypto whales are using the millions of dollars liquidated from their ETH holdings to buy ETFSwap (ETFS) in its ongoing presale. 

 

 

Crypto Whales Invest Millions Into ETFSwap (ETFS) Presale 

Crypto whales have invested millions of dollars acquired from their liquidated ETH holdings in ETFSwap’s (ETFS) ongoing presale. These crypto whales want to buy as many tokens as possible while the crypto is selling at an affordable price of $0.03846. These whales recognize ETFS’ potential as they say that it would record massive price gains and outperform the Ethereum price. 

 

Their bullish sentiment for the ETFSwap (ETFS) token is due to its unique utility. The crypto will become the first to provide investors access to the traditional markets as investors will be able to swap it for tokenized exchange-traded funds (ETFs) on the ETFSwap platform. 

 

Therefore, the token provides a more straightforward means for investors to invest in these ETFs without undergoing the overwhelming customer verification processes while using centralized trading platforms. There are no Know-Your-Customer (KYC) requirements on the ETFSwap platform, so investors can start investing quickly. 

 

Furthermore, the ETFSwap (ETFS) token provides access to the cryptocurrencies and other commodities on the investment platform. The ETFSwap team has collaborated with MiCA-regulated investment banks so that the trading platform can offer securities and crypto trading services. 

 

As such, ETFSwap (ETFS) will bridge the traditional finance (TradFi) and decentralized finance (DeFi) worlds. Investors will be able to swap their ETFs for cryptocurrencies and vice versa using the utility token. This will simplify portfolio diversification since investors can gain exposure to several asset classes on ETFSwap using the ETFS token. 

 

The ETFSwap (ETFS) token also provides access to exclusive investment opportunities on the ETFSwap platform, including the platform’s ETF, which will launch next year. Users will also be able to trade perpetuals for these ETFs as ETFSwap offers derivative contracts that allow traders to bet on the future prices of these ETFs without expiration. 

 

Meanwhile, ETFSwap (ETFS) holders can earn passive income by staking their ETFs and crypto assets. Those who stake the platform’s native ETFS token can earn up to 75% annual percentage yield on their staked assets. Holders can also provide liquidity to the token pools and earn some of the fees made from token swaps. 

 

Users will have access to these liquidity pools once the ETFSwap (ETFS) beta platform goes live soon enough. They will be able to use the staking feature and can also buy their popular ETFs using the ETFS token when the beta platform launches. The ETFSwap (ETFS) team revealed that they had already launched the beta platform on the testnet and will go live once they make the necessary improvements to the platform. 

 

 

Crypto Whales Are Selling Their ETH Holdings Amid Struggling Ethereum Price

Crypto whales are selling their ETH holdings as the Ethereum price continues to struggle. Onchain data shows that one of these crypto whales recently sold 11,456 ETH ($27.8 million). Another of these crypto whales has also sold 5,000 ETH ($12.14 million) in the last 24 hours. This wave of sell-offs will likely cause the Ethereum price to continue to decline. 

 

The Ethereum price has also had to contend with the significant outflows that the Spot ETH ETFs have been recording. Selling pressure from these ETH ETFs will likely continue in the short term, considering that institutional investors haven’t warned up to Ethereum (ETH) as they have with Bitcoin (BTC)

 

 

Conclusion

ETFSwap (ETFS) is a better investment option than ETH, considering how the Ethereum price continues to struggle. Analysts say that ETFSwap (ETFS) can record up to a 30,000% price gain in this bull run, leading to the token outperforming the Ethereum price in this market cycle. As such, it is best to buy the ETFS token now, as early investors will enjoy a 300x ROI when the 30,000% price rally happens. 

 

Visit ETFSwap Presale

Join The ETFSwap Community 

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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After the divorce, CrytocoinMiner helped me earn my first pot of gold

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Every man, no, I should say everyone has his own selfish mentality. Everyone has a kind of admiration for the opposite sex and a comparison with the same sex. Before and after marriage, everyone’s mind jumps out of the world outside the family, such as money, feelings, and partners. I am willing to accept the interview because I want to tell everyone that no matter what, you must remember to accompany your other half, that is, your lover. I am an employee of a company ranked within the top 500 in the world, code name: Mike. Due to the nature of my work, I need to travel around the world frequently, resulting in being away from home frequently, which makes my ex-wife yearn for the outside world. This is not what I want to see, but as a reader, you have already seen it. Yes, she has become my ex-wife. I am reluctant to let her go, but I have no choice.

 

Because of the nature of my job, I fly around the world, and she has a second partner. They spend the money I earn and live in the house I worked hard to earn. I have seen through it, but I love her. I don’t want the house, car, and the funds stored with her. Because I have $100,000 in the CrytocoinMiner cloud mining platform, the income I get every day is not earned by many people. My ex-wife doesn’t know my crypto assets, so I don’t share the common property.

 

What is Crytocoin Miner? Are they safe?

This is a company founded in 2018. They designed a simple and easy-to-use page so that experienced or inexperienced miners can quickly get started, which also quickly made their global membership exceed 3.7 million. They are a company regulated by the FCA (Financial Conduct Authority). According to statistics, the company contributes about 4.5% of the global hash rate.

 

What are the advantages of CrytocoinMiner?
  • Welcome bonus: Get $10 in free mining cash after registration.
  • Daily check-in: Get $0.3 in daily income for daily check-in.
  • Value-added services: High profit level, no other fees: High-quality management services.
  • Multiple choices: As long as there are popular currencies, you can participate.
  • Safe and reliable: Enhanced security with McAfee® and Cloudflare® protection.
  • Stable profit: Guaranteed principal safety, continuous income, and no external market influence.
  • Affiliate program: This program allows you to get up to 4% referral rewards and up to $5,000 in bonuses.
  • Easy to manage: Top-level equipment from leading manufacturers, users do not need to worry about the maintenance and management of the miner, just purchase the contract and start using it.
  • Professional support: An expert team composed of investment experts and IT experts, our expert team is on call 24/7 to help you solve any problems.

 

How to join CrytocoinMiner?

Just visit their official website, click to register, and follow the steps to set up. If you don’t understand, you can watch their tutorials or directly consult the 24-hour online customer service.

 

How much money do I need to invest to use CrytocoinMiner to help me make money?

  1. You can make money by registering, and you will get $10 for free when you register. You can also get 3% daily interest income by signing in every day.
  2. Buying contracts will earn you more. CrytocoinMiner has launched a variety of computing power contracts with a daily interest rate of up to 3%.

 

My investment case: If you invest US$10,000, you can purchase a high-level computing power contract worth US$10,000, with a term of 50 days and a daily interest rate of 1.75%.

The amount of passive income you can get every day after purchase = $10,000*1.75%=$175.

After 50 days, your principal and profit = $10,000+$175*50=$10,000+$8,750=$18,750

 

Project Name
Amount
Day
Daily interest rate
 Total revenue
Daily Sign-in
$10 1 3% $10.3
Experience Contract
$100 2 3% $106
Classic Contract
$500 7 1.25% $543.75
Advanced Contracts
$5000 30 1.58% $7280

 

(The computing power value of the contract is different, the investment amount and term are different, and the income is also different. Please log in to the CrytocoinMiner official website to view more contracts)

Personal advice: If you want to participate in CrytocoinMiner’s money-making business, please participate through the official website CrytocoinMiner.com or download it. (Users can search for “Crytocoin final” in the Apple and Google app stores to download it.)

 

Company website: CrytocoinMiner.com

Company email: info@crytocoinminer.com

Company address: 1 Plough Lane Plough Lane, Stoke Poges, Slough, United Kingdom

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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Under $1 Altcoin Flashes Major Buy Signal, Can the Dogecoin 2021 Rally Repeat Taking this Rival from $0.03 to $0.7?

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In the crypto market, low-priced altcoins often present the most exciting opportunities for traders and investors alike. One such under-the-radar altcoin, RCO Finance (RCOF), has recently been flashing strong buy signals, indicating it could replicate the Dogecoin 2021 rally. 

Just as Dogecoin rose from a meme coin to mainstream success, RCOF shows signs of solid growth. Priced at just $0.03, can this altcoin follow a similar path and surge to $0.70? 

 

 

Key Takeaways From Dogecoin’s 2021 Rally

Dogecoin’s meteoric rise in 2021 catapulted the memecoin from a community joke to a significant player in the crypto world. Its success was mainly fueled by viral social media support, especially on Reddit. This public support encouraged users to buy the memecoin as a broader move to challenge traditional financial systems. 

In addition to its viral social media support, several celebrity endorsements cemented DOGE’s rise. Elon Musk frequently endorsed the memecoin, stating it was the people’s crypto. The height of DOGE’s price came after an appearance on Saturday Night Live (SNL) in May 2021, where he referred to the memecoin, which peaked its price. 

DOGE further capitalized on its meme status and strong community support to increase its price. Starting as a joke, Dogecoin built a solid, supportive community of passionate meme lovers. Community engagement between meme lovers created a sense of belonging among investors and drove up buying efforts, contributing to price surges. 

Lastly, these factors and DOGE’s low price point made it the perfect option for retail investors. Its affordability encouraged widespread participation, with many using it as an entry point into the crypto market, further boosting demand. 

 

 

RCOF Showing Major Buy Signals Looking to Replicate Dogecoin’s Success

As a rapidly growing project, RCO Finance is showing major signals that it can follow Dogecoin’s success and deliver massive returns to investors. These factors signal significant buy opportunities for this emerging altcoin.

Where DOGE’s rise to fame was mostly driven by meme culture and celebrity support, RCO Finance takes a more innovative approach to capture market momentum. It is revolutionizing the use of AI in the crypto space, offering users more than just hype. 

At the core of its AI-powered offerings is its robo-advisor, which offers customized investment strategies to suit your financial goals and risk tolerance. No other altcoin currently offers this, giving RCOF a unique advantage in terms of practicality and appeal to both newbie and seasoned investors. 

The robo-advisor monitors market movement and optimizes your portfolio, helping capitalize on emerging opportunities. This data-driven investment approach is a game-changer in crypto trading as it eliminates emotional and cognitive biases. 

Even though it is still a new project, RCOF has strong community backing. The project is fostering and working to engage its growing community across multiple social media platforms. 

As users actively participate in discussions and share their thoughts on the platform, they can earn RCOF tokens as rewards. This grassroots engagement is helping drum up support for the altcoin. 

RCOF has distinguished itself by extending its real-world use cases to more than simply trading crypto. With access to over 120,000 tradable assets, users can invest in stocks, ETFs, and real-world assets. 

It offers democratized access to RWAs, eliminating the need to convert crypto to fiat currency to invest in these traditional assets. This makes it practical, scalable, and attractive to many investors.

As RCO Finance moves towards major milestones like its public token listing, new platform features, and mobile app launch, these developments could act as solid buy signals. 

Successful implementation of the roadmap combined with consistent integration of its AI-driven features, such as its autonomous smart contracts, which SolidProof audits, could further push it to the top of the list of altcoins to watch.

 

 

Get Early Access to RCOF Before it Skyrockets

Dogecoin’s impressive 2021 run catapulted the memecoin into its iconic phase. With its innovative features and strong community support, RCOF could replicate this performance and even surpass the memecoin. 

With its presale currently underway, tokens are available at a mere $0.034 and could rise to 0.7 upon its launch. This low price point makes RCOF the perfect project for newbies and seasoned veterans to make the most of their investments. Take advantage of this opportunity to make significant gains as RCOF replicates DOGE’s iconic 2021 rally. 

 

 

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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