solarium has been reactivated, adding more than 10% in less than three days. On Thursday, the coin managed to break out of the consolidation range of $125-155. The day before it consolidated above the 50-day moving average. This potentially opens the way to $200, and this is a case where altcoins are moving better than Bitcoin.
Crypto News
According to the company's report, hedge fund Millennium Management held $1.94 billion in spot bitcoin ETFs at the end of the first quarter of 2024, corresponding to 3% of its assets under management.
In the first quarter, 937 companies invested $11 billion in bitcoin ETFs, according to K33 calculations based on summary information filed with the SEC. On May 15, net inflows into spot bitcoin ETFs rose to $303 million. The positive trend continued for the third consecutive day.
According to Bloomberg, there is almost zero chance that the US SEC will approve Ethereum spot ETFs. The Ethereum exchange rate against Bitcoin has fallen to its lowest level in three years.
