Goliath Capital Blog

FY2024 summary and EFT announcement

In the last quarter FY 2024 we can see a bearish tendention that has all signs for the long run: the cryptocurrency market has shown a positive trend in the last quarter. Bitcoin (BTC) and Ethereum (ETH) have seen significant growth, with BTC climbing 6.9% and ETH increasing by 6.0%. The total crypto market cap slightly increased by 0.14%, from $1.238 trillion to $1.240 trillion. Moreover, the crypto market maintained its bullish momentum in 2024, with Bitcoin prices up another 64.9% year-to-date, while Ethereum prices are up 55.6%2. These trends indicate a robust and growing interest in the crypto space, signaling a promising future for digital assets

In Goliath Capital we can say that Bitcoin ETFs have revolutionized the investment landscape. They provide a regulated investment vehicle for traditional investors to gain exposure to Bitcoin without the complexities of owning and managing the underlying cryptocurrency. This has opened up the crypto market to a broader audience, enhancing liquidity and price discovery. However, it’s important to note that recent outflows from Bitcoin ETFs indicate market volatility. Despite this, the debut of new offerings, such as the Hong Kong Spot Crypto ETF, continues to propel the market. We are working with a few ETF lunchers to make possible for our clients join to ETF investment

Author: Stephan Smith

Published: April 18, 2024