Exit from ARK Bitcoin ETF to Outperform GBTC
Cathie Wood’s ARK 21Shares Bitcoin ETF recorded an outflow of more than $87 million for the first time. Thus, for the first time, the market saw a larger outflow from GBTC. Approximately $300,000 in assets were lost on April 1, while $87.5 million in assets were lost on April 2.
Clearpool to Provide ‘Credit Vault’ Service with Avalanche Network
Clearpool, the credit market that brings together corporate borrowers with a worldwide network of lenders on-chain, announced that it has launched the ‘Credit Vault’ service on the Avalanche network. Designed to improve credit efficiency by leveraging real-world assets (RWAs), such as private credit, Credit Vaults will offer unsecured borrowing for institutions and will exclusively host Clearpool’s first RWA pool on Avalanche.
Trading Volume of Spot Bitcoin ETFs Reached $111 Billion in March
According to the data, the trading volume of spot Bitcoin ETFs in March reached $111 billion, almost tripling the $42.2 billion trading volume in February. When we examine the ETFs with the highest trading volume, we see that the top three are Grayscale, BlackRock and Fidelity. According to assets under management, BlackRock has $18 billion worth of BTC, while Fidelity has exceeded $10 billion.
RWA Steps from Hong Kong Securities Regulator
Hong Kong aims to establish the country as a hub for Real World Assets (RWA) and Security Token Offerings (STOs) by promoting an advanced and supportive regulatory environment. Hong Kong’s regulatory authorities show openness and support for RWA innovation. In addition, the country’s Securities and Futures Commission (SFC) has expressed its intention to open RWA investments to individual investors.
Nick van Eck Will Release a New Stablecoin
Jan van Eck’s son, Nick van Eck, is preparing to launch a USD-backed stablecoin after a $12 million financing round. According to the published report, the name of the coin will be ‘Agora’ and its abbreviation will be ‘AUSD’. He will be doing this project with Drake Evans and Joe McGrady. Drake Evans was previously a credit officer at Frax Finance. McGrady was working as operations director at Galaxy Digital. It is among the information that Agora Digital will not be used in the USA until comprehensive deposits are accepted.
USA Transferred Another 2000 BTC to Coinbase
In ZachXBT’s statement on Tuesday, it appears that 2000 BTC controlled by the US and linked to Silk Road were transferred to Coinbase. The US’s Silk Road wallet currently contains 29,799 BTC worth $1.96 billion. There has been no sales pressure that would affect the price so far in the sale of Bitcoins obtained from Silk Road.
Record Revenue from Bitcoin Miners
Miners broke a record in March and earned an income of $2 billion. An average of $65.23 million was earned per day. Miners’ income depends on the BTC price, of course. For this reason, seeing ATH in March is the biggest factor in achieving this record income. Even after the halving, the income status of miners is one of the most curious questions.
Investing in Bitcoin through ETFs from Burkett Financial Services
Burkett Financial Services, a South Carolina-based financial planning firm, announced that it has invested in two Bitcoin ETFs. According to the statements, Burket owns a total of 602 IBIT shares and 630 BITO shares. The total value of these two investments is around 50 thousand dollars. Thus, Burkett Financial Services is the first traditional financial institution to invest based on Bitcoin through ETFs.
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BITCOIN(BTC)
As of the morning hours, BTC is priced at $66,008 with a 0.81% gain in value. After the rise to $ 73,000, there was a retreat to $ 60,800. Afterwards, there was a correction and an increase to $ 71,000. We fell to the level of 64,000 dollars due to selling pressure from this region. This region is the demand region, and if there is a reaction from here, an increase may occur up to $68,000. If there is no reaction, a retreat may be seen again up to $60,800.
ETHEREUM(ETH)
ETH is priced at $3286 with a 0.18% gain in value as of the morning hours. $3680 appeared as strong resistance. With pricing below $3400, there was a retreat to $3300. $3200 is the major support and it seems to have received a reaction from this level. If this place does not work as support, there may be a withdrawal up to $ 3000.
RIPPLE(XRP)
As of the morning hours, XRP is priced at $0.5832 with a 0.36% loss in value. It follows a horizontal course at the level of 0.56 – 0.62. XRP has solid support levels at 0.6143 and 0.5830. A fall in price below these levels raises the possibility of a short-term correction. On the other hand, if the 0.6530 and 0.6720 resistance levels are exceeded, XRP can be expected to push the 0.80 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
AVALANCHE(AVAX)
AVAX is priced at $47.23 with a 0.77% gain in value as of the morning hours. The 48.00 and 45.00 levels appear as solid support levels for AVAX. There is a horizontal movement in this region in the short term. A fall in price below these levels raises the possibility of a short-term correction. On the other hand, if the 50.00 and 51.00 resistance levels are exceeded, AVAX can be expected to push the 60 target. The $40 level is seen as strong support in the continuation of the retreat.
SOLANA(SOL)
SOL is priced at $188.15 with a 3.65% gain in value as of the morning hours. When we examine the four-hour chart, we see that there was a retreat to the $ 175 region yesterday and a movement above the $ 185 level again, with support from the rising trend line in this region. If this movement continues, the $190 level can be followed as a short-term resistance and if it breaks upwards, a move towards $195 levels may be possible. In case of withdrawals, the $185 and $180 levels can be followed as support.
CHAINLINK(LINK)
As of the morning hours, LINK is priced at $18,081 with a 0.74% gain in value. When we examine the four-hour chart, we see that there is a needle at the $ 17,500 level, which we follow as the support zone, and an upward reaction occurs from this area. If this movement continues, the $18,500 level appears as resistance, and if an upward break occurs, the $19 level can be tested. In case of withdrawals, the $ 17,700 level can be followed as support in the short term.
NEAR
NEAR is priced at $6,463 with a 4.02% gain in value as of the morning hours. We see that there is an upward reaction movement from the $ 6,200 level, which is the support zone where we examined the four-hour chart. If this movement continues, the $6.80 and $7 levels can be followed as resistance. In case of withdrawals, the $6.20 level, which is the region where it received a reaction, can be followed as support. If this area breaks downwards, it may be possible to test the $6 level.
FET
As of the morning hours, FET is priced at $2.7165 with a 1.81% gain in value. When we examine the hourly chart, we see that there is a horizontal movement between the $2.60 and $2.75 levels. These two levels can be followed as main support and resistance levels. If an upward break occurs, a move towards the $2.90 region may be possible. In case of withdrawals, the $ 2.65 level can be followed as short-term support.
