Gold exchange-traded funds (ETFs) have overtaken Bitcoin ETFs in assets under management (AUM) as investors flock to the traditional safe-haven asset. Bitcoins price has plunged over 19% in the past three months, while gold has surged 12.5%, pushing gold ETFs ahead. Bitcoin ETFs initially saw strong inflows after launching in the U.S. in January 2024 but have faced major outflows recently. Since Feb. 24, they have lost approximately $3.8 billion, according to Farside Investors. Meanwhile, gold ETFs saw their highest inflows since March 2022, as reported by the World Gold Council. Bloomberg...

Leverage Shares has introduced the 2X Long Coinbase Daily ETF (COIG), a leveraged exchange-traded fund (ETF) designed to deliver twice the daily return of Coinbase (COIN) stock. Listed on Nasdaq with a 0.75% expense ratio, the ETF provides investors amplified exposure to the largest U.S. crypto exchange without directly holding its shares. The launch comes as the crypto market faces a downturn, with Bitcoin (BTC) dropping 19% in the past three months, falling from $105,000 to $84,000. Meanwhile, COIN shares have plunged 42%, reflecting broader volatility in crypto-related stocks. Single-stock...

Crypto asset manager 21Shares is set to shut down two actively managed exchange-traded funds (ETFs) tied to Bitcoin and Ethereum futures due to a broader crypto market decline. The affected funds, ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY), will cease trading at market close on March 27, with liquidation expected around March 28, according to a press release. This move follows significant outflows from U.S.-listed spot Bitcoin ETFs, which have seen over $1.66 billion in redemptions so far this month. The crypto market...

Shiba Inu (SHIB) is once again attempting to recover lost ground, but strong resistance and an ongoing downtrend continue to limit its upside potential. Currently hovering around $0.000012, this level has acted as a crucial support zone in recent months. A decisive move above this mark could indicate a more substantial recovery, yet momentum remains uncertain. Market liquidity and overall sentiment play a significant role in determining whether this recovery attempt will succeed where previous ones failed. Technically, SHIB is struggling to stay above its 50-day moving average, which is...

Ethereum is struggling to hold its ground as intense selling pressure pushes the price further from the critical $2,000 mark. The surge in trading volume suggests that more traders are offloading ETH, reinforcing bearish momentum despite minor recoveries. A consistent spike in volume during a downtrend often signals strong seller conviction, making reversals difficult. ETHs price action shows clear resistance at the 50-day and 100-day EMAs, preventing any sustainable upward movement. Every brief rebound has been met with renewed selling, further weakening bullish attempts. Without a decisive...

XRP has surged by 20% after hitting crucial support levels, signaling a potential bullish reversal. Investors are regaining confidence as the cryptocurrency reclaims multiple resistance levels, breaking weeks of bearish control. Currently trading near $2.38, XRP is showing strong buying momentum, suggesting a shift in market sentiment. One of the most significant technical factors in play is the 100-day Exponential Moving Average (EMA), a key resistance level. If XRP breaks above this barrier, it could trigger an extended bullish run, potentially pushing prices toward $2.60, the upper...

Cardanos ADA token has seen a massive surge in trading volume, averaging $1.4 billion daily in Marchnearly doubling Februarys $720 million. This spike followed a viral social media post by U.S. President Donald Trump, mentioning ADA as part of a strategic crypto reserve. Beyond the hype, Cardano has been steadily growing since its 2017 launch. With a $25.6 billion market cap, the blockchain boasts over 5 million unique wallets and 1.3 million delegators, adding thousands of new wallets daily. While its total value locked (TVL) stands at $329 million, Cardano Foundation CEO Frederik Gregaard...

A Delaware bankruptcy court has approved Three Arrows Capitals (3AC) petition to expand its claim against FTX from $120 million to $1.53 billion. The decision could significantly impact creditor payouts in the ongoing FTX bankruptcy case. 3AC, once a leading crypto hedge fund with over $3 billion in assets, collapsed in 2022 while maintaining deep financial ties to Sam Bankman-Frieds FTX. The hedge fund initially filed a $120 million claim in July 2023 but later discovered that FTX liquidated $1.53 billion of its assets just two weeks before 3AC entered liquidation. The hedge fund argued that...

David Sacks, a former adviser to Donald Trump on artificial intelligence and cryptocurrencies, along with his venture capital firm, Craft Ventures, has offloaded over $200 million in digital asset-related holdings, according to a White House memo. The memo, issued by White House counsel David Warrington on March 5, revealed that Sacks and Craft Ventures liquidated their cryptocurrency assets, including Bitcoin, Ethereum, and Solana, before Trump took office. Additionally, Sacks sold his shares in Coinbase (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD), along with limited-partner stakes in...

Bitcoin is on a tear, surpassing $84,000 and nearing the $85,000 mark, igniting fresh enthusiasm in the crypto market. After weeks of outflows, BlackRock (NYSE:BLK), a major player in the space through its IBIT Bitcoin ETF, is back in buying mode. Data from Arkham Intelligence reveals that BlackRock just received $25 million in Bitcoin from Coinbase (NASDAQ:COIN) Primeoffering relief after continuous selling pressure from ETF issuers. The markets bullish sentiment is evident, but caution remains. Historically, financial markets perform well on Fridays, but the real test is whether the rally...