etf Archives | Independent Reserve

Independent Reserve4 July 2023Market update

BTC A$46.7k. Markets surge amidst EFT & Institutional optimism

The resurgence of confidence in crypto markets continues, with Bitcoin hitting its highest price in more than a year on news BlackRock had resubmitted its application for a Bitcoin ETF. Bitcoin is currently changing hands at A$46,580 (US$31.1K), which is 2.9% up for the week, while Ethereum is trading at A$2,923 ($1,953), up 5.2%. Bitcoin is up almost 90% this year, while Ethereum hasn't seen a monthly loss in 2023 and has notched up gains in excess of 60%. Ripple finished the week up 1.9%, Cardano gained 5.8%, Doge (5.6%), Polygon (10.4%), and Bitcoin Cash surged another 28.7%. The Crypto Fear and Greed Index is at 62, or Greed.

Independent Reserve19 October 2021Market update

BTC A$83.7k. Bitcoin pumps as ETFs arrive

Bitcoin has blasted through the US$61K / AU$83K mark thanks to the arrival of Bitcoin futures ETFs. It’s just seen the highest ever weekly close and is not far off the all-time high price seen on April 14 when Bitcoin hit AU$84.7K. At the time of writing Bitcoin was trading just under AU$83.7K (US$62k, SG$83.7k), up 8% for the week and 28.2% for the month. The big question is whether the Bitcoin futures ETF will be a “sell the news” event? Ethereum gained 6.4% to trade just over AU$5,000, though it's only up 9.2% for the month. Cardano was down 2% and XRP lost 5% however Polkadot gained 20%, Dogecoin (6%), Uniswap (7%), Litecoin (4%) and Chainlink lost 2.6%. The Crypto Fear and Greed Index is at 78, or Extreme Greed.