RT BSCN (@BSCNews)🚨 BITWISE FILES FOR $AVAX ETF WITH STAKING - Institutional adoption of @avax could be about to accelerate dramatically... Here's what we knowhttps://t.co/CjgzLi4h5p ...

RT BSCN (@BSCNews)🚨 BITWISE FILES FOR $AVAX ETF WITH STAKING - Institutional adoption of @avax could be about to accelerate dramatically... Here's what we knowhttps://t.co/CjgzLi4h5p ...

RT BSCN (@BSCNews)🚨 BITWISE FILES FOR $AVAX ETF WITH STAKING - Institutional adoption of @avax could be about to accelerate dramatically... Here's what we knowhttps://t.co/CjgzLi4h5p ...

LATEST: 📊 Bitcoin is pricing in the most bearish global growth outlook since the 2022 Federal Reserve tightening cycle and 2020 COVID-19 crash, according to Bitwise European research head André Dragosch. https://t.co/ioyrCddFLq ...

Core Insights - Chainlink is set to launch its first spot LINK exchange-traded fund (ETF) in the US, managed by Grayscale, which is expected to attract significant attention in the crypto market [1][2] - The LINK price has experienced a notable decline of 7% today, reflecting a broader correction in the cryptocurrency market [1][6] Group 1: ETF Launch - The upcoming Chainlink ETF will be the first of its kind in the US market, indicating a growing institutional interest in LINK [2][4] - Grayscale plans to convert its existing Chainlink private trust into a publicly traded ETF, which could enhance institutional access to LINK [3] - The Chainlink Trust (GLNK) was launched in February 2021 and currently has an expense ratio of 2.5% with over $17.2 million in assets under management [3] Group 2: Price Movement - LINK's price has dropped nearly 30% in November amid a general market correction, despite strong accumulation in October [5] - Following today's market crash, LINK is trading at $12.21, with trading volumes increasing by 117% to $592 million [6] - Analysts suggest that LINK may retest its recent breakdown zone, with a potential further decline to $8 if support is not reclaimed [6][7]

The institutions are here🔺CryptosRus (@CryptosR_Us):BITWISE FILES $AVAX ETF WITH STAKING YIELDSBitwise is updating its Avalanche ETF (ticker: $BAVA ) to become the first U.S. crypto fund offering staking yields. Key points:- Stake up to 70% of $AVAX holdings to generate rewards for investors.- Lowest-cost fund in the https://t.co/K3VvbbpvK8 ...

RT Joey 🔺 (@joeycannoli9)UPDATE: Bitwise has filed an updated Avalanche ETF application that would make it the first U.S. Crypto fund to offer staking yields. It will also have the ability to stake up to 70% of its $AVAX holdings.This is massive for the Avalanche ecosystem 🔺 https://t.co/JIvb9hVQjI ...

Core Insights - Bitcoin's current price action is reminiscent of the extreme risk-reward environment seen during the early COVID-19 pandemic, indicating a potential asymmetric risk-reward scenario [3][4] - The cryptocurrency is perceived to be pricing in a recessionary growth environment, reflecting the most bearish global growth outlook since 2022 [4][5] - Recent price movements show Bitcoin has declined over 17% in the past 30 days, with significant sell-offs and liquidations impacting market sentiment [5][6] Market Dynamics - Bitcoin reached an all-time high of $125,100 on October 5, followed by a significant pullback after a $19 billion liquidation wave on October 10 [6] - The price dipped below $100,000, a key psychological support level, and briefly fell under $90,000 on November 20, but buyers quickly entered the market [6] - The current market setup suggests that Bitcoin is trading as if a deep economic downturn is already underway, influenced by aggressive rate tightening from the US Federal Reserve and the fallout from the FTX failure [4][5] Future Outlook - There is a belief that the current pessimism surrounding Bitcoin may be misplaced, with expectations of a rebound in global growth as previous monetary stimulus takes effect [7][9] - ARK Invest's CEO, Cathie Wood, anticipates a liquidity rebound in crypto markets driven by expected Federal Reserve policy shifts before year-end [8]

Market Trends - Institutional Bitcoin demand significantly exceeds new supply, widening the imbalance through 2024 and into 2025 [1]

ETF Filing - Bitwise files for an Avalanche ETF [1] - First US crypto fund to offer staking yields [1] Staking Plan - Plan to stake up to 70% of their AVAX (Avalanche) [1]