11/04/2024
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Bitcoin Spot ETF
In the week of October 28-November 1, Bitcoin spot ETFs saw net capital inflows of $2.22 billion. This was the third largest weekly net inflow since January 11, when Bitcoin spot ETFs opened for trading. The BlackRock ETF IBIT saw a weekly net inflow of $2.15 billion. Ethereum spot ETFs saw net inflows of just $13 million last week.
by Darkex Reseach – 2 min read
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Critical Statement from the Central Bank of China on Bitcoin and Cryptocurrency
Lu Lei, Vice Governor of the People’s Bank of China, assessed the role of Bitcoin and central bank digital currencies in the financial future. While criticizing Bitcoin’s positioning as a means of energy consumption and store of value, it was stated that solid economic foundations are essential for CBDCs to succeed. Lu advocates central bank control in the digital currency revolution.
by Darkex Reseach – 2 min read
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Elon Musk’s Squirrel-themed Meme coin
Elon Musk’s interest in the squirrel-themed “Pnut” cryptocurrency increased the token’s value to $125 million. The tragic story of the squirrel named Peanut and Musk’s post created a huge demand for Pnut. However, as the market fluctuated, investors started to realize their profits.
by Darkex Reseach – 2 min read
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Crypto Funds 2.2 billion
The US elections continue to set the short-term direction in the crypto world. According to CoinShares’ report, there was a net inflow of $2.2 billion into crypto funds last week. At the beginning of the week, funds were heavily invested in funds as Trump’s election chances increased, while on Friday, sales-weighted transactions stood out with the rise of Kamala Harris. Especially at the end of the week, while interest in “short-Bitcoin” funds increased, these funds closed the week with a net inflow of 8.9 million dollars.
by Darkex Reseach – 2 min read
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Will China live up to expectations this time?
China, which announced monetary easing steps for the first time in September in order to meet its growth targets, disappointed the financial world by not providing details on this issue. While expectations are that the relevant details will be given on Friday, experts state that the US presidential elections may also change China’s monetary easing rate.
by Darkex Reseach – 2 min read
