
April 18th, 2025
The dwindling interest in spot Bitcoin ETF may have been caused by a drop in BTC price from its ATH of $73,750 to $67,000.
While the spot Bitcoin ETF market is taking shape in the United States, the specific timeline for the launch of the asset class in Asia remains unknown.
TechDev’s prediction appears to be a little modest compared to other known commentators in the crypto market.
The newfound bullish trend has so far continued today across multiple timeframes, indicating a shift in market sentiment.
According to the Ripple CEO, Bitcoin ETF market and the network’s upcoming halving will spike the crypto market by 100% this year.
BlackRock is set to pump liquidity of its IBIT ETF by adding multiple Authorized Participants, with a new total of nine.
The Australian Securities Exchange (ASX) has already granted approval to Monochrome thereby expecting the Cboe to clear the application by June.
Bitcoin’s volatility in Asia is linked to automated trading reacting to US ETF flows, causing significant market swings as investors react to data on outflow and inflows from spot-Bitcoin ETFs.
After huge demand for the spot Bitcoin ETF in the first two months of launch, Wall Street players like ProShares are coming up with new versions of this investment product.
A recent research conducted by Coinbase said the market is poised for a positive second quarter despite the recent corrections that saw Bitcoin retrace to $65,000 on April 2, 2024.
While the Bitcoin investment products registered strong inflows, the Ethereum products registered their fourht consecutive week of outflows.
Despite the uncertainty regarding Ethereum ETFs, the overall projection for Bitcoin is favorable.
Hougan’s bullish prediction is based on Bitcoin’s impressive growth of nearly 300% over the past 15 months.
Major institutional investors, such as BlackRock and ARK 21Shares, have invested $323 million and $200 million, respectively, signaling their confidence in BTC Exchange-Traded Funds (ETFs)
The report shows that the Singapore investors involved in cryptocurrency are becoming more clear and confident about their investment strategies.