Reaction From Support Breaks Resistance

Recently, ARK bounced off the strong 0.37$ – 0.35$ support zone, attracting interest. Following this rebound, the price managed to break the 0.39$ resistance and climbed toward the 0.41$ – 0.40$ resistance area.

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Currently, this zone is being tested, and a clear breakout hasn’t been confirmed yet. If it does happen with volume, the next target could be 0.43$.

Key Levels To Watch On Pullbacks

If the current resistance holds, the first level to monitor for a pullback is 0.39$. A deeper correction may lead prices back to the crucial 0.37$ – 0.35$ zone. This area remains vital for ARK in the short term.

As the technical outlook remains positive, long strategies may find opportunities around these key levels.

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The post Is A New Rally Beginning For ARK? appeared first on Coin Engineer.

What is Binance Vote to Delist?

Binance has introduced a new community governance mechanism to give users more influence in the platform’s decision-making processes. Through the “Vote to List” and “Vote to Delist” systems, the exchange aims to increase community involvement in the listing lifecycle of projects.

As part of its effort to promote transparency and user participation in listing decisions, Binance announced that users can now vote for the projects they want to see listed on the platform through the “Vote to List” feature. At the same time, with the “Vote to Delist” mechanism, users can also vote to remove projects that may no longer meet Binance’s standards.

How Does the System Work and Which Altcoins Are on the List?

Each user can vote for up to 5 different projects in the voting pool. However, each user can only cast one vote per project. To ensure votes are valid, users must be logged in to their verified Binance account and must hold at least 0.01 BNB in their main wallet throughout the entire voting period.

Projects currently up for voting include:
$ZEC, $JASMY, $FTT, $STPT, $ARK, $ARDR, $GPS, $MBL, $PERP, $NKN, $WING, $LTO, $FLM, $BSW, $ALPACA, $VOXEL, $PDA

Voting period: 2025-04-10 04:00 (UTC) to 2025-04-16 23:59 (UTC)

While Binance highly values community input through voting, final delisting decisions will not be based solely on the vote results. Project performance and compliance will continue to be assessed under Binance’s comprehensive evaluation process. The timeline for any delisting decision will follow Binance’s internal procedures.

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The post Binance Announces Second Group of Delist Voting! appeared first on Coin Engineer.

The COIN purchases came in two tranches: $13.3 million on April 4 and $13.2 million on April 7. However, ARK also sold $12 million of its ARKB holdings via its Next Generation Internet ETF (ARKW) on April 7.

ARKW Still Offers $142M in Indirect Bitcoin Exposure!

The April 7 ARKB sale marked one of ARK’s largest daily dumps of the ETF this year. The firm had previously sold $8 million in March, $8.6 million in February, and $3.5 million in January.

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Despite the latest sell-off, ARKW still holds $142 million in ARKB, representing 11% of the fund’s total weight — keeping significant indirect exposure to Bitcoin intact.

Bitcoin ETFs Bleed Amid Market Panic

The broader Bitcoin ETF market took a hit following Trump’s tariffs. Bitcoin dropped 11% to $74,700. Data shows that global Bitcoin ETPs saw $207 million in outflows between April 1 and 7, with an additional $109 million leaving the market on April 7 alone.

Across the last three trading days, Bitcoin ETFs lost a combined $273 million, per SoSoValue. Still, ARK remains among the few spot Bitcoin ETF issuers with net positive flows in 2025, totaling $146 million by April 4.

Other notable inflows came from BlackRock’s iShares ($3.2B) and ProShares ($398M), according to CoinShares.

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The post ARK Bags $26M in Coinbase Stock, Sells Bitcoin ETF Amid Tariff Volatility! appeared first on Coin Engineer.

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Significant Fee Reductions:

Invesco and Galaxy Asset Management have reduced the fees of their Bitcoin ETFs from 0.39% to 0.25%, increasing competition in this area and taking a significant step towards attracting investors.

Other Prominent Names in the Market:

However, with this fee reduction, Invesco Galaxy Bitcoin ETF (BTCO) has reached the same level as other issuers such as Ark, 21Shares, Bitwise, and Franklin Templeton. It has been observed that traditional financial issuers such as BlackRock and Fidelity have received more attention in the early days in this area.

Asset Growth and Fee Waiver: (Invesco)

According to Invesco’s statement, a zero fee will be applied for BTCO until its assets reach 5 billion dollars or for the first six months. This strategy aims to attract investors and increase the size of the fund.

GBTC Outflows and Price Pressure:

Although Bitcoin Trust (GBTC) outflows have created downward pressure on Bitcoin’s price for a while, JPMorgan analysts have stated that this situation has largely subsided.

We have @InvescoUS & @galaxyhq cutting the long term fee on their #Bitcoin ETF from 39 bps to 25 bps.

(Yes they have the fee waiver to 0% for first 6 months or $5 billion in assets). Story from @emily_graffeo & @kgreifeld pic.twitter.com/Erk2NU9kVF

— James Seyffart (@JSeyff) January 29, 2024

Increased Volume of New ETFs:

According to data, nine new spot Bitcoin ETFs in the US have seen a huge demand, almost doubling the volume of GBTC. BlackRock and Fidelity’s ETFs have made up a large portion of the volume in this area.

International Effects:

It has been observed that the fee war in the US has also affected European ETFs, and speculation has emerged that traders are starting to turn to US-based products.

Fee Reductions in Europe:

The reduction of fees in Invesco’s European-based Bitcoin ETF last week, and the follow-up of this move by WisdomTree, showed that a similar fee war is also taking place in Europe.

Conclusion and Future Expectations:

These rapid changes in the area of cryptocurrency ETFs are affecting investors’ preferences and leading to increasing competition in this area. As investors tend to prefer funds that offer low fees and favorable conditions, new products and strategies are expected to emerge in the coming days.

The post Invesco Lowers Bitcoin ETF Fees to Attract Investors! appeared first on Coin Engineer.

Moreover, they executed significant sales of Coinbase shares from funds like Fintech Innovation ETF, Next Generation Internet ETF, and Innovation ETF. Coinbase shares have recently seen an increase of over 10%. However, they are still trading below 60% of their all-time high.

GBTC shares also experienced a similar surge, parallel to the rise in Bitcoin’s price. Ark’s sales of GBTC came after a significant reduction in the discount to the asset’s net asset value (NAV). The discount to GBTC’s net asset value (NAV) stands at around 10.5% currently.

On Tuesday, Ark also added 9,586 HOOD shares ($100,000) from Robinhood to the Fintech Innovation ETF, supplementing their previous purchases.

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