# 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.

Rally Without Conviction

The article analyzes Bitcoin's current rally, noting its resilience amidst a macro backdrop of sticky inflation and tight financial conditions. However, key on-chain metrics suggest the uptrend lacks strong conviction. While capital flows have turned positive, they remain well below levels seen at the start of prior major bull phases. The recovery has shifted market sentiment from fear toward uncertainty, but without signs of the deep capitulation typical of cycle bottoms. Key support is identified near $76.9k, with major resistance around $86.9k. Off-chain data shows improving ETF inflows and spot buying, but derivative markets indicate compressed volatility and reduced downside hedging demand. The conclusion is that while market structure is strengthening, the rally appears to be a gradual, selective recovery rather than a confirmed momentum breakout, requiring stronger capital inflows to sustainably overcome overhead supply.

insights.glassnodeВчера 13:42

insights.glassnodeВчера 13:42

Strategy Watch #4

Strategy Watch #4 analyzes institutional activity in digital assets for April. It reports a gradual recovery in Bitcoin (BTC) capital flows, while stablecoin demand surged. However, Ethereum (ETH) remained in persistent net outflow. A notable turnaround was observed in ETH ETF flows, shifting from significant outflows to inflows by month-end. Conversely, DeFi Total Value Locked (TVL) on Ethereum reversed course sharply, with accelerated outflows indicating renewed allocator caution. CME basis yields for both BTC and ETH deteriorated sharply, turning negative and suggesting reduced institutional risk appetite. The report is structured across six sections covering institutional flows, fund performance, a deep dive into DeFi/yield strategies, on-chain vault performance, manager positioning, and allocation updates.

insights.glassnodeВчера 13:31

HYPE Spot ETF Continuously Accumulates 1% in 14 Days: Is the $75 New High Just the Starting Point?

Hyperliquid (HYPE) has surged to a new all-time high of $75 amid strong institutional and ETF-driven buying pressure. The article highlights several key bullish factors. First, the HYPE spot ETFs from 21Shares and Bitwise have seen 14 consecutive days of net inflows, totaling over $136 million and absorbing nearly 1% of HYPE's market cap—a faster initial pace than BTC or ETH ETFs. This ETF demand provides a solid price floor. Second, the protocol's own Assistance Fund (AF) mechanism, which uses 99% of fees to buy back and burn HYPE, has already removed over $1.1 billion worth of tokens, creating a dual support system alongside ETF inflows. This combined buying power is expected to counter potential selling pressure from upcoming team token unlocks. Institutionally, venture firm a16z is now considered one of the largest external holders of HYPE, with multiple addresses accumulating millions of tokens. Galaxy Digital is also actively buying. Analysts and firms like Bitwise and Grayscale are framing HYPE not as a mere meme coin but as a "second-generation" crypto with real value capture and infrastructure potential. Furthermore, Hyperliquid Strategies (PURR), a publicly traded company holding a large HYPE treasury, is set to join the Russell 3000 Index, potentially unlocking further passive investment flows. The ongoing feud between prominent backers like Arthur Hayes (pro-HYPE) and Kyle Samani (pro-SOL) underscores the intense market debate, with Hayes famously betting HYPE will outperform all top-ten crypto assets this year.

Odaily星球日报Вчера 13:22

HYPE Spot ETF Continuously Accumulates 1% in 14 Days: Is the $75 New High Just the Starting Point?

Odaily星球日报Вчера 13:22

For Hedging, Buy Gold and Oil; For Explosive Growth, Buy AI; Bitcoin, the 'Outdated' Asset, Enters a Bear Market

Bitcoin’s price has recently fallen sharply, hitting a two-month low near $66,000, with Ethereum also dropping to a three-month low. While surface explanations point to ETF outflows, geopolitical tensions, and corporate selling, a deeper issue is emerging: Bitcoin is losing a crucial asset competition. For years, Bitcoin thrived in a low-rate environment where investors sought alternatives amid inflation fears and dissatisfaction with traditional options. Now, the market landscape has shifted, leaving Bitcoin stuck in an "awkward middle ground," facing challenges on three fronts: 1. **As an inflation hedge, gold is winning.** Investors worried about persistent inflation are turning to tangible assets like gold, energy stocks, and commodity producers, which offer more direct pricing power and physical backing. 2. **For growth exposure, AI is winning.** Those seeking high growth now favor AI-related companies with actual revenues and profits, an area where Bitcoin's lack of cash flow puts it at a disadvantage. 3. **Within crypto, infrastructure and stablecoins are winning.** Even investors wanting crypto exposure have alternatives like exchanges, stablecoin issuers, and tokenization firms, whose performance is directly tied to real-world adoption and offers clearer operational leverage. The recent market reaction to inflation warnings highlights this shift. Instead of boosting Bitcoin as "digital gold," such news now drives flows toward traditional inflation-sensitive assets. Therefore, recent events like ETF outflows and corporate selling are seen not as causes, but as symptoms of this new reality. Capital has more compelling options, and investors are becoming more selective. The emerging bear case for Bitcoin is no longer about it being a fraud or failed technology, but rather that **scarcity alone is no longer enough**. It is no longer seen as the best hedge, the best growth asset, or the only crypto play.

marsbitВчера 02:19

For Hedging, Buy Gold and Oil; For Explosive Growth, Buy AI; Bitcoin, the 'Outdated' Asset, Enters a Bear Market

marsbitВчера 02:19

Hedge by Buying Gold and Oil, Chase Soaring Returns with AI. ‘Dated’ Bitcoin Enters a Bear Market

Bitcoin has recently declined, hitting a two-month low near $66,123, while Ethereum fell to a three-month low around $1,837. Analysts suggest the drop is not merely due to factors like ETF outflows or MicroStrategy's selling but reflects a deeper issue: Bitcoin is losing a broader asset competition. In a near-zero interest rate environment, Bitcoin previously thrived as an outlet for investor dissatisfaction with inflation and limited options. However, the market landscape has shifted. Bitcoin now occupies an "awkward middle ground," facing competition on three fronts. For inflation hedging, investors prefer gold, energy stocks, and commodity producers—assets with tangible backing and clearer pricing power. For growth exposure, AI-related companies with actual revenues and profits are more attractive. Even within crypto, investors can choose stablecoins, exchanges, or infrastructure firms tied directly to adoption, offering clearer business models and leverage. Thus, Bitcoin is no longer the top choice for hedging, growth, or crypto exposure. This shift is evident in market reactions: despite recent warnings about persistent inflation from a Fed official, Bitcoin did not rally as it might have in the past. Instead, capital flowed to assets with direct commodity or energy exposure. The recent ETF outflows and MicroStrategy sales are symptoms, not causes, of this new reality. Investors are becoming more selective, demanding clearer value propositions beyond mere scarcity. The emerging bear case for Bitcoin is not about it being a bubble or failed technology, but that scarcity alone is no longer sufficient.

华尔街日报Вчера 00:40

Hedge by Buying Gold and Oil, Chase Soaring Returns with AI. ‘Dated’ Bitcoin Enters a Bear Market

华尔街日报Вчера 00:40

Bitcoin’s On-Chain Landscape Looks Far Different From Its 2021 Bull Market Peak

Bitcoin's on-chain activity has significantly declined compared to its 2021 bull market peak, with current daily active addresses and new wallet creations down roughly 44% and 43% respectively. Data indicates the network is attracting fewer new participants and generating less transactional activity. Key drivers for this shift include the rise of Spot ETFs and institutional investment vehicles, which allow Bitcoin exposure without direct on-chain interaction, and a trend of long-term holders becoming more passive. Despite lower on-chain metrics, Bitcoin's price remains elevated, and the decline is not necessarily bearish, as volatility typically drives network activity. Current price action shows a recent increase alongside a significant surge in trading volume.

bitcoinist2 дня назад 22:02

Bitcoin’s On-Chain Landscape Looks Far Different From Its 2021 Bull Market Peak

bitcoinist2 дня назад 22:02

BNB Chain Ecosystem Sees Major Institutional Week With US ETF Debut, Asset Manager Bet

The BNB Chain ecosystem experienced significant institutional developments last week. VanEck launched the first US spot BNB ETF (VBNB) on Nasdaq, providing a regulated gateway for institutional capital to access the cryptocurrency. Analysts cited BNB Chain's resilience, high transaction volume, and active user base as key reasons for the fund's creation. Concurrently, a Grayscale report positioned BNB Chain among top networks like Ethereum and Solana poised to benefit from potential US regulatory clarity, such as the anticipated CLARITY Act. The report highlighted BNB Chain's strong standing in tokenized assets (second by value), significant growth in Real-World Asset (RWA) transfer volume and holders, and leadership in stablecoin transaction share despite holding a small portion of the total supply. These advancements underscore BNB Chain's growing role at the intersection of traditional and decentralized finance.

bitcoinist2 дня назад 20:29

BNB Chain Ecosystem Sees Major Institutional Week With US ETF Debut, Asset Manager Bet

bitcoinist2 дня назад 20:29

Over $1 Billion in Cryptocurrencies Forced to Liquidate, Bitcoin Plunges 6% Below $67,000

Bitcoin plunged over 6%, breaching the $67,000 mark for the first time since April 5, triggering more than $1 billion in cryptocurrency liquidations—the highest level since February. The sell-off was driven by deteriorating market sentiment amid heightened geopolitical risks from the Iran situation and a symbolic shift in strategy from a major holder. In a significant psychological blow to the market, MicroStrategy disclosed the sale of approximately 32 bitcoins, marking its first divestment since late 2022 and breaking its long-standing "buy-only" stance. Concurrently, U.S. spot Bitcoin ETFs have seen net outflows for a record 11 consecutive days, with approximately $3.5 billion withdrawn, removing a key traditional price support. Analysts note that positive catalysts from U.S. crypto regulatory progress have been completely offset by prevailing risk-off sentiment. Bitcoin is now down nearly 50% from its all-time high of around $126,000 set in October last year, starkly underperforming the rising Wall Street equity markets.

华尔街日报2 дня назад 20:10

Over $1 Billion in Cryptocurrencies Forced to Liquidate, Bitcoin Plunges 6% Below $67,000

华尔街日报2 дня назад 20:10

Bitcoin Could Benefit From A Global Debt Reckoning, Bitwise Argues

Bitwise argues that Bitcoin could benefit from a looming global debt crisis, with nearly $30 trillion in debt needing refinancing in 2026. The firm suggests that stress in sovereign bond markets, alongside potential central bank responses, could favor Bitcoin as an asset outside government balance sheets. Despite a recent pullback from above $83,000 to around $70,000 due to significant ETF outflows, Bitwise notes that long-term holding patterns are tightening Bitcoin's supply, with a record 73% of circulating BTC held by long-term investors. The report identifies key price levels, with $78,000-$80,000 as a critical zone to watch. Bitwise also posits that Bitcoin remains relatively cheap compared to major US tech stocks based on valuation metrics.

bitcoinist2 дня назад 17:01

Bitcoin Could Benefit From A Global Debt Reckoning, Bitwise Argues

bitcoinist2 дня назад 17:01

BTC Market Pulse: Week 23

Bitcoin is sending cautionary signals across all market layers this week. On-chain, transfer volume and fees increased, but capital inflows have nearly stopped with realized cap growth collapsing to near-zero, indicating no fresh money is entering. Active addresses remain flat. Spot markets show sellers in control, with the CVD flipping deeply negative and momentum declining. Volume is being used for selling, not accumulation. Derivatives reflect unease: futures open interest is flat but the cost to hold longs jumped, and perpetual CVD deepened negative. Options open interest dropped and skew decreased, though volatility expectations remain elevated. ETF flows turned strongly bearish, with net outflows nearly doubling to $1.3B as institutions reduced exposure urgently. Profitability metrics deteriorated: only 59.8% of supply is in profit, realized losses dominate on-chain activity, and net unrealized losses deepened. In summary, Bitcoin is in a distribution/consolidation phase. On-chain activity is structurally healthy, but capital inflows have stalled, spot selling pressure is building, and institutional money is exiting via ETFs at an accelerating pace. The path of least resistance remains sideways-to-lower until realized cap growth resumes and spot CVD turns positive.

insights.glassnode2 дня назад 12:10