BlackRock’s Bitcoin ETF Disappears from DTCC List – Ark Invest Sells GBTC – SEC Fines BlackRock $2.5 Million

BlackRock’s Bitcoin ETF Disappears from DTCC List

BlackRock’s highly anticipated spot Bitcoin ETF, iShares Bitcoin Trust, is no longer listed by the DTCC. The fund’s listing under the ticker IBTC was widely noticed in the market on Monday, paving the way for a rally that sent the price of Bitcoin soaring to $35,000. Bitcoin’s price was reportedly trading at $33,679 as of 12:03 p.m. ET, according to CoinGecko, with the fund no longer appearing on the list.

Ark Invest Sells GBTC

Cathie Wood, a longtime Bitcoin bull, moved on Monday to unload about $5.8 million in shares of Coinbase and Grayscale Bitcoin Trust (GBTC). Ark Invest sold 100,739 Grayscale Bitcoin Trust (GBTC) shares worth $2.48 million at a closing price of $24.70. Additionally, the sale of 42,613 COIN shares was disclosed in Ark Invest’s last trading information bulletin.

SEC Fines BlackRock $2.5 Million

The US Securities and Exchange Commission today settled charges against BlackRock for failing to accurately characterize investments in the entertainment industry and BlackRock agreed to pay a $2.5 million fine. BlackRock, the world’s largest fund manager, settled the charges without admitting or denying the SEC’s allegations, as is customary in such cases.

New ETH Whales Buy a Surprising Number of Ethereum as Price Rises

According to data shared by blockchain page “OnchainDataNerd” on social media app X, four new whales have purchased a significant amount of ETH on a leading US-based cryptocurrency exchange in the last few hours. Together, the three new whales bought a total of 47,760 ETH in the last 24 hours. The total value of the purchases is valued at $82.97 million.

BlockFi Launches Withdrawals

BlockFi announced that it allows both US and international users to submit withdrawal requests.

Crypto lending platform BlockFi has emerged from bankruptcy and is ready to repay some of its creditors, according to an October 24 blog post. The post noted that withdrawals are currently possible for almost all wallet customers, and that Blockfi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024. This includes bankrupt crypto platforms such as Three Arrows Capital (also known as “3AC”) and FTX.

Grayscale Enters Crypto Index Business with FTSE Russell

Grayscale Investments, a cryptocurrency asset management firm, has merged with FTSE Russell, the index division of the London Stock Exchange, to create five new cryptocurrency-focused indices. These five indices will represent different sectors of the cryptocurrency industry. The indices will be reassessed quarterly, according to a press release on Tuesday. The indices will be used for ETFs and other funds. The indices will include 150 different types of cryptocurrencies.

———————————————————————————

BITCOIN(BTC)

Bitcoin is priced at $ 34,004 with a 0.25% gain in value as of today morning hours. Yesterday we saw the price above $35,000. If there is a pullback, $ 32,920 seems to be the first support level. If a lower correction is made, the $ 32,000 level needs to be maintained. In upward breakouts, it is very important to exceed 37,500 first. At breakouts above 37,500, we can see the $ 40,000 level. We have seen in the current week that the breaking of resistance levels was achieved not from a technical point of view but from the fundamental side. Upward pricing may continue with any news flow.

ETHEREUM(ETH)

ETH, which gained 0.06% as of morning hours, is priced at $ 1786. After breaking above the horizontal band, we see it breaking the resistances one by one. The range between 1830 and 1802 is very important and the price should have held here but it didn’t. The first support now seems to be the $1750 level, followed by $1661 if there is a stronger pullback. If the upward movement continues, we can see $1800 and then $1850.

RIPPLE(XRP)

XRP is priced at $0.5525 with a 1.13% loss in value as of morning hours. Yesterday, it rose as high as 0.5870 but retreated with a strong reaction. It is currently performing a retest to the upper level of the horizontal band it broke earlier, that is, to $ 0.55. This is a very healthy price action, and in a positive case, it could go back to the $0.58 level. If the retreat deepens, 0.5250 seems to be the first support zone.

AVALANCHE(AVAX)

AVAX is priced at $10.47 with a 1.45% gain in value as of morning hours. At AVAX, we were also in a very strong demand area. Yesterday we mentioned how important the orange zone is. We still see a pricing between 10.30 and 10.55 dollars. If this range is broken, we may see a highly accelerated price movement in whichever direction AVAX continues. On the upside, its first target may be 10.90 dollars and on the downside, its first target may be 10.10 dollars.

SOLANA(SOL)

SOL is priced at $ 31.47 with a gain of 4.31% as of morning hours. SOL, which stuck at $ 32.13, the resistance level we follow, received a reaction from $ 29.60, the support zone we mentioned earlier, with the sale it saw from here. For SOL, which moves between support and resistance levels momentarily, the breakdown down or up will be important. If it breaks the 32.13 resistance level upwards, it may be possible to see an increase up to $ 34. If the support level is broken down, it seems that there may be a retreat to the $ 28 level.

CHAINLINK(LINK)

As of morning hours, LINK is pricing at 11.501 with a 10.89% gain in value. LINK, which experienced some retreat yesterday, is trading above $ 11 again with the reaction it received from the level of 9.875. The closest support level to follow for LINK, which displays a strong outlook, seems to be 11 dollars. If the upward movement continues, resistance levels of 12 and then 12.50 seem to be important.

TOMO
TOMO is pricing at 1.7946 with a gain of 3.75% as of morning hours. When we examine the daily chart, we see that the 1.61-1.64 zone, which has not been overcome for a long time, has been crossed with a voluminous candle. If the upward movements continue, the 1.90 level appears as an important resistance point. Above this level, 2 dollars can be followed. In case of a pullback, the broken resistance may be tested again. The 1.64 region seems to be important for TOMO as a support point.