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The Bitcoin halving did not lead to an expected price surge, but the focus now on establishing a Bitcoin strategic reserve in the US brings promise. Trump and RFK Jr. both promise to create a national Bitcoin reserve if elected, resonating with crypto enthusiasts. Bitcoin's market dominance is increasing, with potential government purchases and ETF inflows supporting my $148,000 price target.
This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.
Bitcoin has not been immune from weakness in global financial markets as the yen strengthens against the dollar. The market expects the Federal Reserve to cut rates by 50 bps in September. Easing conditions should be a tailwind for fiat-hedge assets. August and September are historically weak for Bitcoin seasonality.
The long-term outlook of the digital asset looks promising, with both Donald Trump and Vice President Harris looking to improve the cryptocurrency landscape in the United States.
This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.
It took a high-profile lawsuit and several years for spot bitcoin ETFs to finally be approved. It was well worth the wait.
The first nine spot ether exchange-traded funds in the U.S., which began trading on Tuesday, share many similarities with their bitcoin counterparts while differing in some aspects.
On Tuesday, BlackRock debuted its own spot ether ETF, the iShares Ethereum Trust ETF (ETHA). ETHA normally has a net expense ratio of 0.25%.
Some top money managers sold Nvidia stock during the first quarter, while reallocating capital to the iShares Bitcoin Trust. The recent approval of spot Bitcoin ETFs is bringing institutional investors like hedge funds and investment banks to the market.
One week from now, there may be a new sheriff in town for spot crypto ETFs — spot ether ETFs. Per Reuters, the U.S. SEC has given at least three asset managers the green light to begin trading spot ether ETFs next Tuesday, July 23rd.