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Bitwise CIO Matt Hougan said U.S. spot Ethereum ETFs could attract $15 billion worth of net inflows in their first 18 months.Hougan arrived at the figure by assessing relative market capitalization, international ETP data and the role of the carry trade.
Spot Bitcoin ETFs are at risk of more outflows if prices stay below $60.5k, according to Bianco Research’s founder.
Share link:In this post: Mt Gox is expected to repay nearly $9 billion to creditors in July. Analysts say that the scheduled repayment won’t pose a threat to Bitcoin price. According to Thorn, Bitcoinica BK, claim funds, and individual creditors will receive 10,000 BTC, 20,000 BTC, and 65,000 BTC, respectively.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend indepen
- 10:32AVAX Breaks Through $25The Bitget ticker shows that AVAX broke through $25 and is now at $25.01, a 24-hour loss of 3.25%.
- 10:27Applied Digital to Raise $375 Million Through Convertible Note OfferingOn Nov. 1, Applied Digital, a bitcoin mining hosting and cloud services company, plans to raise $375 million through a private placement of convertible notes. The notes, which bear interest at 2.75 percent per annum and will mature in 2030, will be available to initial purchasers for an additional $75 million. The company plans to use a portion of the funds for capped option trades to hedge against shareholder dilution risk and invest about $84 million in share repurchases. Applied Digital is not directly involved in bitcoin mining, but rather provides data center hosting services to other companies. In its latest quarterly report, Applied Digital reported that $34.8 million of its $60.7 million in revenue came from its bitcoin mining hosting business, with the remaining 43 percent coming from its cloud services business.
- 10:26BTC.com has been updated with new branding and new domain name Clover PoolOn November 1, BTC.com announced that it has been updated to a new brand and a new domain name, CloverPool, due to a change in the company's growth strategy.
