# Сопутствующие статьи по теме ETF

Новостной центр HTX предлагает последние статьи и углубленный анализ по "ETF", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Gold and Silver Have Gone Crazy: Is Bitcoin 'Lagging Behind' or Building Momentum During Christmas Week?

During the Christmas week, global markets saw a surge in safe-haven assets like gold and silver, which reached new all-time highs amid a weaker dollar and falling Treasury yields. In contrast, Bitcoin remained stagnant, trading within a narrow range of $88,000–$89,000, failing to capitalize on favorable macro conditions. Market participants are questioning whether Bitcoin will experience a "Santa Rally," a seasonal uptick often seen in traditional risk assets. Analysts note that the current macro environment remains in a "wait-and-see" mode, with investors cautious ahead of key U.S. economic data releases. ETF flows reflect this uncertainty, with Bitcoin and Ethereum ETFs seeing significant outflows, while smaller altcoins like XRP and Solana saw minor inflows. Technically, Bitcoin is consolidating, with key resistance at $93,000–$95,000 and support near $85,000. A major $24 billion options expiration on Friday adds to the short-term volatility, with bulls targeting $100,000 and bears defending $85,000. Analysts like Gabriel Selby of CF Benchmarks suggest Bitcoin’s current behavior doesn’t align with a typical Santa Rally, noting low volume and a lack of momentum. Legendary trader Peter Brandt reiterated his long-term cycle analysis, predicting a new bull market peak by September 2029 after a significant correction. Historically, Bitcoin’s Christmas performance has been mixed, with an average gain of 7.9% since 2011. This year, however, the focus is on structural consolidation rather than festive optimism. Bitcoin’s pause highlights its current perception as a risk asset, with direction likely depending on renewed institutional interest rather than seasonal trends.

marsbit12/23 10:08

Gold and Silver Have Gone Crazy: Is Bitcoin 'Lagging Behind' or Building Momentum During Christmas Week?

marsbit12/23 10:08

ETHZilla offloads $74.5 mln Ethereum to pay debt: ‘Embarrassing!’

ETHZilla, a Peter Thiel-backed firm, has sold $74.5 million worth of Ethereum (24,291 ETH) to pay down its debt, marking a significant shift from its corporate treasury strategy just four months after adopting it. The company also announced it will discontinue its mNAV metric and pivot its focus toward tokenization. This abrupt change drew sharp criticism from analysts, with one calling it an "embarrassing" destruction of shareholder value. The firm’s mNAV had fallen below 1 in early December, complicating its ability to raise capital. Meanwhile, broader market outflows hit ETH, with treasury and ETF firms seeing nearly $670 million in outflows over the past week, keeping ETH prices subdued below $3,000.

ambcrypto12/23 10:03

ETHZilla offloads $74.5 mln Ethereum to pay debt: ‘Embarrassing!’

ambcrypto12/23 10:03

A New Perspective on the Four-Year Crypto Cycle: I Asked Seven Industry Veterans What Stage We're In Now

The article "A New Perspective on Crypto's Four-Year Cycle: Insights from Seven Industry Veterans" explores whether the traditional four-year market cycle, historically driven by Bitcoin halving events, still holds true in today's crypto market. Key points from seven experts include: - The four-year cycle, once driven by Bitcoin's supply reduction from halving, is now increasingly influenced by macro liquidity, institutional adoption, and global financial policies (e.g., U.S. elections, Fed policies). - ETF inflows and institutional capital have altered price action, flattening post-halving rallies and reducing volatility as Bitcoin matures into a trillion-dollar asset. - Experts disagree on the current market phase: some see a bearish transition due to declining miner profitability and capital outflow to AI stocks, while others view it as a mid-to-late bull cycle correction with potential for slow, structural growth driven by macro liquidity. - The "altcoin season" may not return in its traditional form; future outperformance will likely be selective, focused on utility-driven projects rather than broad speculative rallies. - Most experts have reduced altcoin exposure, favoring BTC, ETH, and stablecoins, with cash reserves above 50% in some cases. - Advice for investors: avoid leverage, consider gradual accumulation (e.g., below $60K for BTC), and prioritize discipline over timing. Consensus: The four-year cycle is evolving from a rigid halving-driven model to a more complex, macro-dependent framework, with reduced returns and slower, institution-led growth defining the future.

Odaily星球日报12/23 09:34

A New Perspective on the Four-Year Crypto Cycle: I Asked Seven Industry Veterans What Stage We're In Now

Odaily星球日报12/23 09:34

A New Perspective on the Four-Year Crypto Cycle: I Asked Seven Industry Veterans What Stage We're In Now

"The article explores whether the four-year crypto market cycle, historically driven by Bitcoin halving events, remains relevant. Seven industry experts share their views, noting that while the cycle was once supply-driven, its influence is diminishing due to Bitcoin's maturation, institutional adoption via ETFs, and macro liquidity factors. Most agree the cycle is evolving into a narrative shaped by broader financial conditions, not just halvings. Current market performance—Bitcoin’s reduced post-halving gains and weak altcoin momentum—reflects this shift. Experts are divided on the current phase: some see a bear market beginning, while others view it as a mid-to-late bull cycle correction with potential for slow, structural growth. Key future drivers include institutional adoption, macro liquidity, and stablecoin integration. Alt seasons may become selective, focused on utility tokens rather than broad rallies. Portfolio strategies are cautious, with many experts holding significant cash or blue-chip assets like BTC and ETH. Advice for investors emphasizes disciplined, gradual accumulation over leveraged bets, with ideal entry points around $60K or lower."

marsbit12/23 09:33

A New Perspective on the Four-Year Crypto Cycle: I Asked Seven Industry Veterans What Stage We're In Now

marsbit12/23 09:33

Year-End Liquidity Squeeze Keeps Bitcoin Capped Despite Rising Demand and Fed Cut Bets

Bitcoin (BTC) is trading within a narrow range around the high-$80,000s as thin year-end liquidity and cautious positioning offset improving demand signals. Prices are hovering near the breakeven point for many U.S. spot ETF holders, creating a key resistance zone. On-chain activity shows consolidation rather than strong buying or panic selling. While exchange outflows and whale accumulation suggest underlying demand, a clear breakout catalyst is lacking amid low holiday trading volumes. Gold’s meanwhile, has reached new all-time highs, reflecting a preference for traditional safe havens. Bitcoin may remain range-bound until liquidity improves in early 2026, despite growing expectations of Federal Reserve rate cuts.

bitcoinist12/23 08:31

Year-End Liquidity Squeeze Keeps Bitcoin Capped Despite Rising Demand and Fed Cut Bets

bitcoinist12/23 08:31

One Image, Recalling the Sweet, Sour, Bitter, and Spicy of the Crypto World in These 12 Months

"2025 Crypto Year in Review: A Rollercoaster of Hype, Crashes, and Innovation The crypto market in 2025 was a whirlwind of extreme highs and devastating lows. The year began with immense optimism in January, driven by the AI Agent narrative and the unprecedented launch of the official $TRUMP token. However, this hype was quickly tempered by a major hack on Bybit in February and a collapse of political meme coins, leading to a brutal market-wide清算 (liquidation) in late February and March. A significant shift occurred from April onwards as regulatory sentiment improved. Key events included the approval of ETH ETF options, the signing of the pro-crypto GENIUS Act in July, and the successful IPO of Circle in June, which saw its stock soar. Bitcoin and Ethereum reached new all-time highs, surpassing $126K and $3,848 respectively. The year was defined by several key narratives: * **AI & New Protocols:** AI coins surged early but were challenged by more advanced off-chain models. New platforms like Believe and Virtuals Protocol fueled a launchpad frenzy. * **Stablecoin Expansion:** Circle's IPO and the massive fundraising for projects like Plasma highlighted massive institutional interest. * **Tokenization:** The tokenization of real-world assets (RWA) and stocks on chains like Solana gained significant traction throughout mid-year. * **Exchange Token Mania:** Tokens like OKB and MNT saw massive pumps due to supply burns and ecosystem integrations. * **The DAT Narrative:** The "Digital Asset Treasury" strategy, popularized by MicroStrategy (rebranded to Strategy), was emulated by other firms until the late-year bear market caused severe distress. The mood shifted dramatically in October with the largest single-day liquidation event in crypto history, wiping out $19 billion in leverage. This triggered a prolonged bear market throughout November and December, with Bitcoin crashing to $80K and wiping out nearly $1 trillion in market cap. Privacy coins like ZEC emerged as unlikely winners during the downturn. The year closed on a quiet and somber note in December, with market fatigue setting in and the community awaiting a return of liquidity in 2026."

marsbit12/23 07:52

One Image, Recalling the Sweet, Sour, Bitter, and Spicy of the Crypto World in These 12 Months

marsbit12/23 07:52

One Image, Recalling the Sweet, Sour, Bitter, and Spicy of the Crypto World in These 12 Months

"Reflecting on Crypto's Rollercoaster 2025: A Year in Review" January kicked off with AI tokens like AI16Z and political memes like $TRUMP surging, alongside optimistic U.S. policy shifts, though AI narratives cooled by month-end. February saw major setbacks: Bybit’s $1.5B hack, meme scams like $LIBRA, and a brutal market correction. March mixed policy hope (Trump’s "strategic Bitcoin reserve") with meme crashes and Hyperliquid’s $12M crisis. April brought relief: tariff pauses, ETH ETF options, and a market rebound. May was euphoric—BTC hit $110K, DAT narratives boomed, and platforms like Believe and Virtuals surged. June highlighted stablecoins: Circle’s explosive IPO and Plasma’s $10B raise, while DAT expansions and tokenized stocks gained traction. July celebrated the GENIUS Act, BTC/ETH new highs, and tokenization growth. August featured exchange token rallies (OKB +400%) and macro data on-chain, but also celebrity meme drama. September saw Fed rate cuts, Tether’s valuation spike, and Aster’s 2800% rally. October started with the viral "Binance Life" meme but crashed in a historic $19B liquidation. November was brutal—BTC fell to $80K, though privacy coins like ZEC rallied 1200%. December closed quietly, a "silent bear market" with fading hype and hopes for 2026.

深潮12/23 07:37

One Image, Recalling the Sweet, Sour, Bitter, and Spicy of the Crypto World in These 12 Months

深潮12/23 07:37

Gold Prices Are Soaring Again and Again. Can Ordinary People Still Get on Board?

The price of gold has surged dramatically, rising from around $2,600 per ounce at the start of 2025 to over $4,400, while domestic prices in China broke through the ¥900–1,000 per gram mark. Against a backdrop of economic uncertainty, low returns on savings and wealth management products, and volatile equity markets, gold is re-emerging as a preferred asset for both individual and institutional investors. Gold serves as a reliable store of value and a hedge against instability, with its price often moving independently of stocks and bonds. Its historical role as a universal monetary asset makes it particularly attractive during periods of geopolitical tension and inflation. Over the past 20 years, gold denominated in RMB has delivered an average annual return of over 10%, outperforming many traditional investments. The concept of “gold+” is gaining traction—referring to multi-asset investment products that include a strategic allocation to gold (often 5–10%) alongside equities, bonds, and other assets. These products are designed to reduce volatility, improve risk-adjusted returns, and simplify decision-making for retail investors who may lack the expertise or discipline to manage gold exposure independently. Examples show that a portfolio with a 10% allocation to gold would have significantly outperformed a pure equity portfolio over the past decade. By integrating gold into a diversified strategy, “gold+” products offer a structured, long-term approach to wealth preservation and growth, making gold’s stability and defensive qualities accessible to everyday investors.

深潮12/23 06:52

Gold Prices Are Soaring Again and Again. Can Ordinary People Still Get on Board?

深潮12/23 06:52

Crypto altseaon unlikely in 2026 as ‘blue-chip survivors’ to win out: Analyst

CoinEx Research analyst Jeff Ko predicts a traditional altcoin season is unlikely in 2026, with liquidity becoming "ruthlessly selective" and flowing only to blue-chip cryptocurrencies with real adoption, rather than lifting all altcoins. He anticipates modest global liquidity tailwinds but notes Bitcoin's correlation to money supply growth has diminished post-ETF. His base case sees Bitcoin reaching $180,000 by 2026. Conversely, veteran analyst Peter Brandt expects another prolonged bear market, projecting the next bull market peak in September 2029, aligning with the four-year cycle theory. This could involve an 80% decline from the peak, potentially sending Bitcoin to $25,000. Bitcoin is currently trading around $88,000, down 30% from its October all-time high, and is experiencing its second-worst fourth quarter historically.

cointelegraph12/23 05:57

Crypto altseaon unlikely in 2026 as ‘blue-chip survivors’ to win out: Analyst

cointelegraph12/23 05:57

2025 Asset Review: Why Did Bitcoin Significantly Underperform Gold and U.S. Stocks?

In 2025, Bitcoin underperformed compared to gold and U.S. equities, particularly AI-driven tech stocks like NVIDIA, due to several fundamental factors. First, the rise of generative AI created a more efficient energy-to-value conversion, diverting capital and electricity from Bitcoin mining to high-margin AI data centers. This shift prioritized productivity gains over digital scarcity. Second, gold’s atomic-level physical certainty made it a superior hedge against geopolitical instability and systemic risks, whereas Bitcoin remains reliant on digital infrastructure and liquidity channels. Third, Bitcoin ETFs institutionalized the asset, reducing its volatility and aligning it more with traditional risk models, dampening its speculative appeal amid prolonged high-interest rates. Finally, the opportunity cost of holding non-cash-flow-generating Bitcoin increased as investors chased exponential growth in AI. Bitcoin’s current phase represents a recalibration within a complex system—yielding temporarily to AI-driven productivity and defensive asset demand—rather than a long-term failure. It remains a potential long-term store of value awaiting future liquidity cycles.

比推12/23 03:33

2025 Asset Review: Why Did Bitcoin Significantly Underperform Gold and U.S. Stocks?

比推12/23 03:33

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