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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-developments-in-cryptocurrency-markets/" data-wpel-link="internal">Recent Developments in Cryptocurrency Markets</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoin-price-movement-and-its-relationship-with-institutional-investors/" data-wpel-link="internal">Bitcoin</a>‘s price volatility has become more subdued today, continuing to fluctuate within a $1000 range for the past four days. The agenda for cryptocurrency markets is busy, with ETFs entering their fourth day of trading. The cumulative volume of ETFs is approaching $10 billion, and institutional entries remain strong. However, demand on the futures side has slowed down somewhat.</p> 
<h2 style="text-align: justify" id="significant-developments-in-cryptocurrencies">Significant Developments in Cryptocurrencies</h2> 
<p style="text-align: justify"><strong>ProShares</strong> has filed for new ETFs. Today’s retail sales data was strong, which worked against cryptocurrencies. <strong>JPMorgan</strong> CEO spoke for the last time today about Bitcoin and expressed respect for people’s right to trade <strong>BTC</strong>. Here are the significant developments of the day.</p> 
<h3 style="text-align: justify" id="proshares-crypto-etf">ProShares Crypto ETF</h3> 
<p style="text-align: justify">ProShares, a major United States-based Exchange Traded Fund (ETF) issuer, is rolling up its sleeves for several new BTC ETFs. The ProShares Plus Bitcoin ETF and ProShares Ultra Bitcoin ETF will offer 1.5 and 2x leveraged investment opportunities. The other three funds, ProShares UltraShort Bitcoin ETF, ProShares Short Bitcoin ETF, and ProShares ShortPlus Bitcoin ETF, will track the price inversely to the daily performance of BGCI at -2, -1, and -1x, respectively.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-303829 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/ProShares-ETF.png" alt="" width="1164" height="537"></p> 
<h3 style="text-align: justify" id="spot-bitcoin-etf-volumes">Spot Bitcoin ETF Volumes</h3> 
<p style="text-align: justify">According to Yahoo Finance data, recently approved spot Bitcoin ETFs saw volumes exceeding $1.8 billion on January 16th. Grayscale, BlackRock, and Fidelity were at the forefront in terms of volume, representing a $1.6 billion segment. The largest volume among this trio belonged to Grayscale’s ETF, as investors who escaped the negative premium seized the long-awaited opportunity to sell, and exits from the fund continue.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-303831 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/etf-hacimler.png" alt="" width="900" height="324"></p> 
<p style="text-align: justify">According to Bloomberg ETF analyst Eric Balchunas, the total volume of these funds is about three times that of the 500 ETFs launched in the United States last year. BlackRock’s iShares Bitcoin Trust witnessed approximately half a billion dollars in entries within 10 days.</p> 
<h3 style="text-align: justify" id="ron-desantis-fails-to-succeed">Ron DeSantis Fails to Succeed</h3> 
<p style="text-align: justify">The presidential hopeful who raised investors’ hopes with his stance on crypto and opposition to CBDCs has failed. Florida Governor and presidential candidate Ron <strong>DeSantis</strong> finished a distant second behind former President Donald Trump. The candidate, who received 21% of the vote compared to Trump’s 51%, will not become the president of US crypto investors.</p> 
<p style="text-align: justify">The role of crypto in the 2024 elections is a subject of curiosity, and a recent report by the Crypto Council for Innovation states that crypto investors represent a significant voting bloc.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/recent-developments-in-cryptocurrency-markets/" data-wpel-link="internal">Recent Developments in Cryptocurrency Markets</a></h5>

Recent Developments in Cryptocurrency Markets

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