# 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.

Bitcoin Continues to Plunge, Whether MSTR Is Forced to Sell Becomes Focus

Bitcoin is experiencing a sharp decline, falling below the key $80,000 level and approaching the cost basis of major institutional holders like MicroStrategy. This has intensified concerns about potential forced liquidations among highly leveraged players. Despite the sell-off, MicroStrategy's executive chairman Michael Saylor signaled intentions to continue accumulating Bitcoin, even as the company raised dividends on its preferred shares to attract capital—a move that could strain cash flow if prices fall further. Analysis indicates that institutional entities, including ETFs and MicroStrategy, now hold approximately 10% of Bitcoin’s circulating supply, with an average acquisition cost around $85,360. At current prices, these positions are underwater, with unrealized losses totaling about $7 billion. The market is facing a crisis of narrative, as the once-bullish "institutional adoption" theme has reversed, with ETF outflows persisting and no new catalysts emerging to attract buyers. The high concentration of institutional holdings, largely at a loss, may now become a source of sustained selling pressure.

marsbit02/02 04:17

Bitcoin Continues to Plunge, Whether MSTR Is Forced to Sell Becomes Focus

marsbit02/02 04:17

Bitcoin hits April 2025 levels – $85K bounce for BTC possible IF…

Bitcoin fell to a 9-month low of $75,519, hitting levels last seen in April 2025, before a slight recovery to $78,862. The decline is attributed to a significant drop in capital inflows and persistent selling pressure from both retail and institutional investors. Realized Cap data indicates no fresh capital entering Bitcoin recently, while ETF outflows and increased exchange netflows signal aggressive selling. With over $736 million in long positions liquidated and strong bearish momentum, BTC may continue trading below $80k. Key support lies at $76k, though a potential rebound to $85k–$92k is possible in early February under improved conditions.

ambcrypto02/02 04:02

Bitcoin hits April 2025 levels – $85K bounce for BTC possible IF…

ambcrypto02/02 04:02

Bitcoin Falls Below $80,000, Ushering in a New Round of 'Crisis of Confidence'

Bitcoin has fallen below the $80,000 mark, dropping to under $76,000 and marking a roughly 40% decline from its 2025 peak. This downturn, which occurred during a low-liquidity weekend session, reflects a shift from a price correction to a deeper crisis of confidence. Unlike previous sell-offs, this decline lacks a clear catalyst—no major liquidations or systemic shocks were observed. Instead, it appears driven by a lack of buyers, weakening momentum, and eroding conviction. The drop represents Bitcoin’s fourth consecutive monthly decline, its longest losing run since 2018. Market depth has shrunk by over 30% since October, reaching levels last seen after the FTX collapse. Despite regulatory wins and earlier institutional interest, demand has stagnated. ETF outflows continue, and corporate buyers have slowed their purchases. Analysts suggest the current cycle may only be 25% complete, with a meaningful recovery potentially 6–9 months away. Competition for capital is intensifying, with AI stocks and precious metals drawing attention away from Bitcoin. Its volatility now lags behind gold and silver, diminishing its appeal as both a hedge and a speculative asset. The path to recovery appears prolonged, with previous cycles taking years to rebound fully.

华尔街日报02/02 00:53

Bitcoin Falls Below $80,000, Ushering in a New Round of 'Crisis of Confidence'

华尔街日报02/02 00:53

Bitcoin Continues to Plunge, Whether MSTR Is Forced to Sell Becomes Focus

Bitcoin is undergoing a severe stress test as its price continues to decline, falling below key psychological levels and approaching the cost basis of major institutional holders like MicroStrategy. The drop has intensified concerns over liquidity and potential forced selling. MicroStrategy’s Executive Chairman Michael Saylor signaled intentions to continue accumulating Bitcoin, even as the company raised the dividend on its perpetual preferred shares to attract capital. However, high financing costs could strain cash flow if Bitcoin remains near or below its breakeven level. Analyst Jim Bianco highlights that the market is facing a “narrative exhaustion.” Around 10% of Bitcoin’s circulating supply is held by ETFs and MicroStrategy, with an average entry price of approximately $85,360. These positions are now at a collective unrealized loss of roughly $8,000 per Bitcoin, totaling about $7 billion. Bitcoin ETFs have seen net outflows for 10 consecutive days, reflecting weakening demand from earlier high-entry investors. MicroStrategy, though still marginally profitable, faces thinning buffers. Its aggressive funding strategy—offering high-yield preferred shares—underscores both its commitment and financial vulnerability. The broader concern is the lack of new catalysts. The “institutional adoption” narrative has largely played out, and without fresh demand drivers, the current high concentration of underwater institutional holdings could turn into a source of persistent selling pressure.

华尔街日报02/02 00:20

Bitcoin Continues to Plunge, Whether MSTR Is Forced to Sell Becomes Focus

华尔街日报02/02 00:20

Bitcoin tests long-term cost support at $76K – Market bottom?

Bitcoin broke below the long-term realized cost basis of $76,000, a key support level untested for 27 months. The decline was driven by ETF outflows, tighter liquidity, and macro risk aversion rather than panic selling. While short-term holders realized losses, the market structure showed signs of repositioning rather than capitulation. Price stabilized near $78,000, with reclaiming $80,000 as a critical resistance target. Derivatives markets turned defensive with negative funding rates, reflecting reduced risk appetite. The breach presents a potential accumulation opportunity for long-term holders, as the move signals a liquidity-led reset without forced selling pressure.

ambcrypto02/01 11:02

Bitcoin tests long-term cost support at $76K – Market bottom?

ambcrypto02/01 11:02

SEC pauses ETFs and key crypto decisions ahead of another government shutdown

Due to a U.S. government shutdown, the SEC has entered limited operations, pausing key regulatory activities including crypto ETF approvals, registration reviews, and new rule clarifications. While critical systems like EDGAR remain online, most staff are furloughed, halting recent progress on crypto regulation. This stall occurs amid a declining crypto market, with total capitalization dropping over 6% and major assets like Bitcoin and Ethereum seeing significant losses. The shutdown also delays newly agreed collaboration between the SEC and CFTC to resolve jurisdictional disputes and provide clearer industry guidance, exacerbating market uncertainty and reversing weeks of regulatory momentum.

ambcrypto02/01 09:02

SEC pauses ETFs and key crypto decisions ahead of another government shutdown

ambcrypto02/01 09:02

Crypto ETFs see biggest exit since November – Assessing the $1.7B drain!

Weekly crypto ETF outflows hit $1.7 billion, the largest since November, driven by short-term liquidity stress rather than a collapse in long-term confidence. Bitcoin ETFs led with $1.1 billion in redemptions, followed by Ethereum with $630 million. The liquidity drain reflects a market repositioning, where short-term holders were forced to sell at a loss, while long-term holders remained inactive. This suggests a corrective reset in positioning rather than broad capitulation, amid weakened risk appetite and tighter market conditions.

ambcrypto02/01 07:31

Crypto ETFs see biggest exit since November – Assessing the $1.7B drain!

ambcrypto02/01 07:31

XRP hits 9-month low: Why Ripple is struggling despite strong fundamentals

XRP has hit a nine-month low of $1.60, down 9% in 2026, despite strong fundamentals. This decline is largely attributed to its near-perfect 0.998 correlation with Bitcoin, meaning it is heavily influenced by BTC's price movements and current market-wide FUD. However, Ripple demonstrates robust long-term prospects with significant ETF inflows, strategic regulatory licenses in Europe, a new Ripple Treasury, and an 11% increase in its Real-World Asset (RWA) Total Value Locked (TVL), reaching a record $235 million. The market awaits clarity from macro events and potential crypto legislation, like the CLARITY Act, which could provide a significant boost in the second half of the year.

ambcrypto02/01 06:02

XRP hits 9-month low: Why Ripple is struggling despite strong fundamentals

ambcrypto02/01 06:02

Farewell to 24-Hour Delays: How to Predict ETF Fund Flows Through Premium Rates

The article explains how ETF premium/discount rates can predict daily fund flows for Bitcoin and ETH ETFs, bypassing the 24-hour delay of official data. A persistent negative premium (ETF trading below its net asset value) typically signals net outflows, as Authorized Participants (APs) arbitrage by buying cheap ETF shares, redeeming them for the underlying asset, and selling it. Conversely, a positive premium (ETF trading above NAV) predicts inflows, as APs buy the underlying asset to create new ETF shares to sell at the higher price. Statistical analysis from a 146-day period showed this indicator was accurate approximately 81-84% of the time. For instance, a week of sustained premiums below -0.15% in January 2026 preceded a $1.3 billion outflow and a significant price drop. The article cautions that the premium rate is not a standalone tool. Its effectiveness depends on normal market function and should be combined with other indicators for confirmation, such as: - ETF holdings changes - Futures basis and funding rates - Options Put/Call ratios - On-chain large transfers and exchange net flows Key usage tips include focusing on the persistence of the extremity of the premium rate (±1% is significant) and considering the asset's price context (e.g., negative premium at a price high may signal a top). The goal is to use this real-time data to gain an informational edge and validate trends.

marsbit02/01 05:37

Farewell to 24-Hour Delays: How to Predict ETF Fund Flows Through Premium Rates

marsbit02/01 05:37

Warsh Ends the 'Dollar Devaluation Trade'? Crypto Market Continues Plunge Over Weekend, Bitcoin Breaks Below $80,000 Mark

The cryptocurrency market experienced a significant sell-off over the weekend, with Bitcoin falling below the $80,000 mark to its lowest level since April of last year. The decline, which extended a month-long downward trend, was partly triggered by former President Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair. Analysts suggest that Warsh’s expected hawkish stance on inflation may reduce the appeal of “sell America” trades, including bets against the U.S. dollar. During the sell-off, Bitcoin dropped as much as 10% to around $75,710, while Ethereum and Solana saw even steeper declines of over 17%. Approximately $1.6 billion in long and short positions were liquidated within 24 hours, with outflows from spot ETFs further indicating weak investor interest. Market observers noted particularly low retail engagement, with trading volumes expected to remain subdued in the near term. Notably, Bitcoin failed to attract safe-haven demand despite heightened geopolitical tensions between Israel and Iran, as well as a surge in gold and silver prices. Instead, traditional assets like precious metals and cash continued to be preferred shelters for investors concerned about fiat currency risks. Regulatory uncertainty in the U.S., including delays in crypto market structure legislation, also contributed to the negative sentiment. Warsh nomination appears to have reversed earlier strong rallies in cryptocurrencies, gold, and silver, as markets anticipate a less interventionist Fed under his potential leadership.

华尔街日报02/01 01:54

Warsh Ends the 'Dollar Devaluation Trade'? Crypto Market Continues Plunge Over Weekend, Bitcoin Breaks Below $80,000 Mark

华尔街日报02/01 01:54

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