# 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.

Capitalization of 'Gold' Tokens Reaches a Record $4.2 Billion. What's Driving the Growth?

Capitalization of gold-backed tokens has reached a record $4.2 billion, driven by a surge in the price of physical gold, which itself surpassed $4,500 per ounce for the first time in history with a year-to-date gain exceeding 70%. This performance outpaced major asset classes, including Bitcoin and key stock indices. The two dominant tokens, Tether's XAUT and Paxos' PAXG, account for nearly 90% of the sector's market cap, at $2.26 billion and $1.53 billion, respectively. Their market capitalization has grown two to three times since August, a rate that significantly outpaces the appreciation of gold itself, suggesting new demand and the issuance of additional tokens. A smaller, emerging niche includes tokenized shares of gold-based Exchange-Traded Funds (ETFs), such as those from xStock and Ondo. While their market cap is only in the tens of millions, they represent a new avenue for crypto investors to gain blockchain-based exposure to gold-related equities. However, this market remains illiquid, with daily trading volumes of just a few million dollars. The broader trend reflects a growing intersection of traditional finance and crypto, with platforms like Kraken and Bybit also offering tokenized traditional stocks. Despite the success of gold tokens, the wider crypto market has seen a downturn, with total capitalization falling below $3 trillion and Bitcoin's price declining approximately 7%.

RBK-crypto12/23 13:51

Capitalization of 'Gold' Tokens Reaches a Record $4.2 Billion. What's Driving the Growth?

RBK-crypto12/23 13:51

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

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

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

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