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Quick Take Bitcoin ETFs hit the market in January 2024, followed by the approval of Ethereum ETFs that began trading in July. Adding support for a wider range of digital assets will be a key part of the crypto ETF story in 2025 and beyond.
Quick Take The launch of options on spot bitcoin ETFs marks a major milestone for crypto derivatives, with significant trading volumes signaling increased institutional engagement. Options on spot bitcoin ETFs could ease bitcoin price volatility by increasing market liquidity — though early conditions suggest continued high volatility as the product goes through price discovery, an analyst said.
U.S.-based spot Bitcoin ETFs have seen outflows totaling nearly $1.2 billion over the past three trading days, the longest outflow streak since the re-election of Donald Trump in November. Ethereum ETFs have traded mostly sideways over the same period, seeing a net outflow of merely $5 million over the past three trading days.
Bitcoin’s rebound signals the start of the much-anticipated altcoin season. Experts forecast significant gains for altcoins like SUI, ADA, APT, LINK, and CHZ. Analysts predict potential price surges for SUI, ADA, and LINK, with targets up to $40, $14, and $30, respectively.
- 07:44Selected LTC breaks through $140, 24-hour increase reaches 16.47%Bitget market data shows that LTC has broken through $140, currently reported at $139.12, with a 24-hour increase of 16.47%.
- 07:42Amber Group becomes a market maker for SOLV, received 23.2 million SOLV three hours agoAccording to @ai_9684xtpa monitoring, Amber Group has become the market maker for CEX's current Megadrop new coin SOLV. About three hours ago, address 0x716...dbE85 received 23.2 million SOLV (1.56% of the initial circulation) from the project side multi-signature address for market making. Currently, 12.2 million have been deposited into various major exchanges.
- 07:41BitFuFu plans to acquire majority stake in a 51MW Bitcoin mine in the United StatesAccording to the official announcement, BitFuFu Inc. (NASDAQ code: FUFU) has signed a letter of intent to acquire a majority stake in a 51MW Bitcoin mine located in Oklahoma, USA. The mine is located in an uninhabited area and has completed the construction of power and mining infrastructure. The cost of electricity is about 3 cents per kilowatt-hour, equipped with efficient air-cooled Bitcoin miners, demonstrating excellent computing efficiency. The transaction is expected to be completed in the first half of 2025, subject to due diligence and other customary closing conditions. It is reported that BitFuFu is a global leader in the field of Bitcoin mining and integrated services, as well as a strategic partner of BITMAIN.