Bitcoin ETFs Struggle to Rise on Fund Inflows
Little new money is entering the market, and existing investors are not very active either. This trend is lowering expectations for further price gains in bitcoin ETFs.
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Nasdaq plans to add an overnight session beyond regular hours from December, moving toward 23-hour trading five days a week. In the bitcoin spot ETF market, Jane Street acts as a market maker and holds roughly $1 billion in ETFs.
Little new money is entering the market, and existing investors are not very active either. This trend is lowering expectations for further price gains in bitcoin ETFs.
The size of this position is substantial and has drawn market attention. It also indicates Jane Street's influence in the U.S. spot bitcoin ETF market.
This increase shows that institutional investors are paying growing attention to IBIT. A more than threefold rise in a short period is a striking change for market participants.
Jane Street is known as one of the world's largest ETF market makers. The $1 billion bitcoin spot ETF position is therefore more likely part of market-making inventory, hedging, and arbitrage strategies than a directional bet.
The Ethereum Foundation presented core candidate technologies for the Hegota upgrade planned for next year. The most notable is technology that improves privacy trading. It focuses on strengthening the anonymity of user transactions on the Ethereum network.
In the new privacy trading method to be introduced with the Hegota upgrade, the privacy pool itself becomes the sender of a transaction and the payer of its fee. Under this structure, anyone can broadcast a transaction to the network, so no separate intermediary is needed. As a result, a structure is set up that can process privacy-protected transactions without an intermediary.
The change aims for a market that effectively never sleeps. Once the new system takes effect, a "night session" will be added from 9 p.m. to 4 a.m. the next day, beyond existing trading hours. Investors will then be able to trade on the Nasdaq market for much longer periods.
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