Bitcoin, Ethereum ETFs Show Signs Of Recovery In Tuesday Premarket After Monday's Market Crash
Portfolio Pulse from Benzinga Neuro
Bitcoin and Ethereum ETFs are showing signs of recovery after Monday's market crash, with several ETFs trading higher in the premarket. This follows a significant drop in these ETFs, reflecting global market downtrends. Bitcoin and Ethereum prices have also rebounded, contributing to the recovery.
August 06, 2024 | 11:01 am
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POSITIVE IMPACT
Bitwise Bitcoin ETF (BITB) is up by 2.23% in the premarket, reflecting the recovery in Bitcoin prices.
BITB's price increase is directly tied to the recovery in Bitcoin prices, indicating a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Grayscale Ethereum Mini Trust (ETH) is trading 2.20% higher in the premarket, mirroring Ethereum's recovery.
ETH's price increase is a direct result of the recovery in Ethereum prices, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
iShares Ethereum Trust ETF (ETHA) is trading 1.92% higher in the premarket, mirroring Ethereum's recovery.
ETHA's price increase is a direct result of the recovery in Ethereum prices, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Grayscale Ethereum Trust (ETHE) is up by 2.80% in the premarket, reflecting the recovery in Ethereum prices.
ETHE's price increase is directly tied to the recovery in Ethereum prices, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitwise Ethereum ETF (ETHW) is up by 2.26% in the premarket, reflecting the recovery in Ethereum prices.
ETHW's price increase is directly tied to the recovery in Ethereum prices, indicating a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Fidelity Wise Origin Bitcoin Fund (FBTC) is trading 2.37% higher in the premarket, mirroring Bitcoin's recovery.
FBTC's price increase is a direct result of the recovery in Bitcoin prices, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Grayscale Bitcoin Trust (GBTC) is up by 3.24% in the premarket, reflecting the recovery in Bitcoin prices.
GBTC's price increase is directly tied to the recovery in Bitcoin prices, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares Bitcoin Trust (IBIT) is trading 3.08% higher in the premarket, mirroring Bitcoin's recovery.
IBIT's price increase is a direct result of the recovery in Bitcoin prices, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70