
April 18th, 2025
HashKey also disclosed that it will offer more services such as staking of digital assets to earn passive income.
Bitcoin price surged to $67,000 during Asian trading hours, following the approval of spot Bitcoin ETFs in Hong Kong. However, this euphoria was short-lived as rising US Treasury yields impacted market sentiment, pushing BTC back to $62,500.
During the last week, the nine Bitcoin ETFs saw their lowest weekly inflows at $572 million while GBTC alone registered $767 million in outflows making the net flows negative.
On Monday, the Bitcoin Fear and Greed Index went up from 72 to 74, moving into the Extreme Greed zone. This could mean a drop, but BTC spot ETF market flow data will be very important for figuring out short-term trends.
The crypto market has regained traction following the approval of the ETFs in Hong Kong.
Ahead of the expected approval Chinese mainland-based equity funds are exploring opportunities in the spot Bitcoin exchange-traded fund market through their Hong Kong subsidiaries.
BlackRock has started heavy advertising for its IBIT Bitcoin ETF on Bloomberg’s home page to leverage its position in the current market momentum.
Kiyosaki, a long-time supporter of BTC, has endorsed Wood’s forecast, expressing his trust in her insights and intelligence.
Grayscale CEO is confident of more investors adopting Bitcoin ETF especially after the US SEC approves Grayscale Bitcoin Mini Trust with lower sponsor fees.
While outflows have decreased from the substantial $600 million observed in March, GBTC continues to face net redemptions.
While it is not certain if the drop in the price of Bitcoin is caused by reduced investors’ appetite for spot ETFs, the decline is substantial as it marks a 6% reduction from its all-time high of its $73,628.
The first set of spot Bitcoin ETFs will be available for trading in Hong Kong by the month end after the Hong Kong Securities Regulatory Commission gives a green light this week.
Despite approving spot Bitcoin ETFs in January, the SEC approaches Ether cautiously.
On April 8, US spot Bitcoin ETFs suffered their worst day for net outflows since March 20, with funds experiencing a $223.8 million outflow.
The upcoming Bitcoin halving 2024 scheduled for a later date this month is said to have injected substantial investments into the market, supporting overall sentiment