Cardano

Bitcoin ETF

Daily

<p>In a YouTube <a href="https://www.youtube.com/watch?v=vHkMM4-P1DA" target="_blank" rel="noopener noreferrer nofollow">video</a>, the popular cryptocurrency analyst Altcoin Daily discussed the current state of <a href="https://captainaltcoin.com/?s=bitcoin&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs, highlighting the significant outflows experienced by major players like BlackRock, Fidelity, Arc, and Bitwise. <em>“The US Bitcoin ETF outflows saw 564 million to the negative,” </em>Altcoin Daily stated, emphasizing the magnitude of the recent sell-off.</p>
<h2 class="wp-block-heading" id="blackrock-s-ibit-dominates-inflows-but-streak-comes-to-an-end">BlackRock’s IBIT Dominates Inflows, but Streak Comes to an End</h2>
<p>Altcoin Daily noted that BlackRock’s IBIT had been dominating net inflows into the spot Bitcoin ETFs, taking in 1.5 billion during April. However, the fund’s impressive 71-day inflow streak came to an end on April 23rd, followed by 5 days of consecutive zero flows.</p>
<p>This development raised questions about potential manipulation, but Altcoin Daily explained that the answer lies in the role of authorized participants, who act as a buffer within a limited volatility range.</p>
<p>Despite the recent outflows, BlackRock’s Bitcoin ETF has still attracted over 15 billion dollars in Bitcoin year-to-date, showcasing the growing interest in cryptocurrency investments.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="microstrategy-unveils-bitcoin-based-decentralized-identity-platform">MicroStrategy Unveils Bitcoin-Based Decentralized Identity Platform</h2>
<p>Altcoin Daily also covered the significant announcement from MicroStrategy, led by Michael Saylor, regarding their plans to launch a Bitcoin-based decentralized identity platform called MicroStrategy Orange. The platform aims to provide a secure and decentralized solution for digital identity, leveraging the strength and security of the Bitcoin network.</p>
<p>MicroStrategy has already developed an application using its service, Orange for Outlook, which integrates digital signatures into emails to enable recipients to verify the sender’s identity. The company has also open-sourced the draft specifications for creating a decentralized identity anchored into Bitcoin, making it available on their GitHub repository.</p>
<h2 class="wp-block-heading" id="cardano-gears-up-for-scalability-enhancements-and-increased-network-participation">Cardano Gears Up for Scalability Enhancements and Increased Network Participation</h2>
<p>Altcoin Daily discussed the upcoming upgrades for <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Cardano</a>, aimed at enhancing the platform’s scalability and overall network performance. The YouTuber emphasized that upcoming updates like <em>“Laos”</em> will significantly boost layer one performance, and the integration of rollups like <em>“Pluto V3”</em> will consolidate multiple transactions into a single one, thereby enhancing the network’s processing capacity.</p>
<p>These developments not only prioritize scalability, but also uphold Cardano’s stringent decentralization and security standards. Altcoin Daily emphasized that the protocol adjustments ensure that Cardano retains strong resistance to attacks, maintaining a 50% Byzantine resistance, without compromising security for the sake of scalability.</p>
<p>With the projected increase in network performance and scalability, more revenue opportunities are expected to arise, encouraging a higher number of participants to become stake pool operators. This, in turn, is anticipated to further decentralize the network and enhance its robustness.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-etf-outflows-escalate-as-blackrocks-inflow-streak-ends-cardano-ada-prepares-for-scalability-boost/" rel="noopener noreferrer nofollow">Bitcoin ETF Outflows Escalate as BlackRock’s Inflow Streak Ends, Cardano (ADA) Prepares for Scalability Boost</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin ETF Outflows Escalate as BlackRock’s Inflow Streak Ends, Cardano (ADA) Prepares for Scalability Boost

Table of Contents

CaptainAltcoin

Other articles published on May 3, 2024

Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty

MoonPay Expands Crypto Purchasing Options For US Users With PayPal Integration

VT Markets Boosts Crypto Visibility with Exclusive Events at Monaco E-Prix: Impact on Bitcoin (BT...

Can BlockDAG’s Strategic Acquisition and Liquidity Claims Influence Fluctuations in Stacks (STX) ...

Charles Hoskinson Claps Back at Michael Saylor’s ADA Claims

WuBlockchain Weekly: Federal Reserve Adopts Dovish Stance, Debut of Hong Kong Spot ETF, CZ Senten...

Join our free newsletter for daily crypto updates!