$Bitfarms Ltd.(BITF)$ $3 Targe-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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$Bitfarms Ltd.(BITF)$ $3 Target price set by various renowned financial analyst[Call]

Bitcoin ETFs on the verge of surpassing GOLD ETFs, merely due to the fact that U.S President Trump is going to popularise crypto-related activities and use Bitcoin-related financial products, as U.S central bank reserve to fight inflation and dominate the Bitcoin market.

So watch out for Bitfarm-the most undervalued Bitcoin mining companies to soar to new heights.

U.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs

U.S. spot-listed bitcoin ETFs currently have an AUM of $120 billion compared to gold's $125 billion.Gold (itti ratanakiranaworn/Shutterstock)What to know:Bitcoin's institutional adoption has increased

U.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs

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So watch out for Bitfarm-the most undervalued Bitcoin mining companies to soar to new heights.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/383317798568000","repostId":1171616358,"repostType":4,"repost":{"id":"1171616358","kind":"news","pubTimestamp":1734606900,"share":"https://www.laohu8.com/m/news/1171616358?lang=&edition=full","pubTime":"2024-12-19 19:15","market":"us","language":"en","title":"U.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1171616358","media":"CoinDesk","summary":"U.S. spot-listed bitcoin ETFs currently have an AUM of $120 billion compared to gold's $125 billion.Gold (itti ratanakiranaworn/Shutterstock)What to know:Bitcoin's institutional adoption has increased","content":"<html><head></head><body><p>U.S. spot-listed bitcoin ETFs currently have an AUM of $120 billion compared to gold&#39;s $125 billion.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0893ab0bc651be2a890aa6288ac585bc\" alt=\"Gold (itti ratanakiranaworn/Shutterstock)\" title=\"Gold (itti ratanakiranaworn/Shutterstock)\" tg-width=\"1500\" tg-height=\"1000\"/><span>Gold (itti ratanakiranaworn/Shutterstock)</span></p><h4 id=\"id_909806351\">What to know:</h4><ul style=\"\"><li><p>Bitcoin&#39;s institutional adoption has increased in 2024, with integration into public balance sheets and the success of U.S. spot-listed ETFs.</p></li><li><p>U.S. spot-listed bitcoin ETFs have almost surpassed U.S.-listed Gold ETFs in terms of AUM.</p></li><li><p>Bitcoin CME&#39;s open interest remains strong, suggesting more momentum towards the end of the year.</p></li></ul><p>The year 2024 has marked a significant breakthrough for digital assets, particularly for bitcoin (BTC), driven by increased institutional adoption. This shift has occurred through two key avenues: first, the integration of bitcoin into public balance sheets as a treasury asset, and second, the success of U.S. spot-listed exchange-traded funds (ETFs) that have amassed over 1 million BTC.</p><p>A report from K33 Research reveals that U.S.-listed bitcoin ETFs have surpassed U.S.-listed Gold ETFs in terms of assets under management (AUM), including leveraged products such as futures-based ETFs. As of Dec. 17, Bitcoin ETFs reached assets under management (AUM) worth $129.25 billion, edging out Gold ETF AUM at $128.88 billion, according to Vetle Lunde, analyst at K33 Research.</p><p>However, when comparing spot-based products exclusively, Gold remains slightly ahead. According to Senior Bloomberg ETF Analyst Eric Balchunas, U.S. bitcoin spot ETFs hold $120 billion in AUM compared to $125 billion for Gold ETFs.</p><h4 id=\"id_2995325989\" style=\"text-align: start;\">CME activity remains strong</h4><p style=\"text-align: start;\">The CME exchange, primarily used by institutions, continues to have strong activity, with futures open interest approaching new highs, with 212,635 BTC in open interest contracts.</p><p style=\"text-align: start;\">According to the report, the basis trade premium has continued to rise, reaching 16.4% — the highest level since November 2023. This indicates that CME traders anticipate increased momentum as the year comes to a close.</p><p style=\"text-align: start;\">The report notes, &#34;January contracts are trading at sharp premiums relative to December contracts, with the contango widening to 1.5% on Monday — the highest next-month premium recorded since November 2023. The December contract on CME remains the most valuable, with open interest equivalent to 113,480 BTC. The upcoming December roll is expected to be significant, as several upcoming banking holidays may contribute to a further widening of the January premium.&#34;</p><p style=\"text-align: start;\">The momentum has continued for the past month, as the U.S. spot-listed bitcoin ETFs have seen net inflows every day since Nov. 27, totaling $6.5 billion, according to Farside data. It is important to note that as the basis trade premium continues to widen and with a growing amount of open interest contracts on the CME, a large portion of these net inflows are part of the cash and carry trade.</p></body></html>","source":"Coindesk","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.coindesk.com/markets/2024/12/19/u-s-listed-spot-bitcoin-etfs-on-the-verge-of-surpassing-gold-etfs><strong>CoinDesk</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. spot-listed bitcoin ETFs currently have an AUM of $120 billion compared to gold's $125 billion.Gold (itti ratanakiranaworn/Shutterstock)What to know:Bitcoin's institutional adoption has increased...</p>\n\n<a href=\"https://www.coindesk.com/markets/2024/12/19/u-s-listed-spot-bitcoin-etfs-on-the-verge-of-surpassing-gold-etfs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTCW":"WisdomTree Bitcoin Fund","BRRR":"Valkyrie Bitcoin Fund","IBIT":"iShares Bitcoin Trust","GBTC":"Grayscale Bitcoin Trust","BITB":"Bitwise Bitcoin ETF","BTCO":"Invesco Galaxy Bitcoin ETF","DEFI":"Hashdex Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","ARKB":"ARK 21Shares Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF"},"source_url":"https://www.coindesk.com/markets/2024/12/19/u-s-listed-spot-bitcoin-etfs-on-the-verge-of-surpassing-gold-etfs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171616358","content_text":"U.S. spot-listed bitcoin ETFs currently have an AUM of $120 billion compared to gold's $125 billion.Gold (itti ratanakiranaworn/Shutterstock)What to know:Bitcoin's institutional adoption has increased in 2024, with integration into public balance sheets and the success of U.S. spot-listed ETFs.U.S. spot-listed bitcoin ETFs have almost surpassed U.S.-listed Gold ETFs in terms of AUM.Bitcoin CME's open interest remains strong, suggesting more momentum towards the end of the year.The year 2024 has marked a significant breakthrough for digital assets, particularly for bitcoin (BTC), driven by increased institutional adoption. This shift has occurred through two key avenues: first, the integration of bitcoin into public balance sheets as a treasury asset, and second, the success of U.S. spot-listed exchange-traded funds (ETFs) that have amassed over 1 million BTC.A report from K33 Research reveals that U.S.-listed bitcoin ETFs have surpassed U.S.-listed Gold ETFs in terms of assets under management (AUM), including leveraged products such as futures-based ETFs. As of Dec. 17, Bitcoin ETFs reached assets under management (AUM) worth $129.25 billion, edging out Gold ETF AUM at $128.88 billion, according to Vetle Lunde, analyst at K33 Research.However, when comparing spot-based products exclusively, Gold remains slightly ahead. According to Senior Bloomberg ETF Analyst Eric Balchunas, U.S. bitcoin spot ETFs hold $120 billion in AUM compared to $125 billion for Gold ETFs.CME activity remains strongThe CME exchange, primarily used by institutions, continues to have strong activity, with futures open interest approaching new highs, with 212,635 BTC in open interest contracts.According to the report, the basis trade premium has continued to rise, reaching 16.4% — the highest level since November 2023. This indicates that CME traders anticipate increased momentum as the year comes to a close.The report notes, \"January contracts are trading at sharp premiums relative to December contracts, with the contango widening to 1.5% on Monday — the highest next-month premium recorded since November 2023. The December contract on CME remains the most valuable, with open interest equivalent to 113,480 BTC. The upcoming December roll is expected to be significant, as several upcoming banking holidays may contribute to a further widening of the January premium.\"The momentum has continued for the past month, as the U.S. spot-listed bitcoin ETFs have seen net inflows every day since Nov. 27, totaling $6.5 billion, according to Farside data. It is important to note that as the basis trade premium continues to widen and with a growing amount of open interest contracts on the CME, a large portion of these net inflows are part of the cash and carry trade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BITF"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":385,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}