Bitcoin Exchange-traded fund (ETF)

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While investors wait for a spot bitcoin ETF (exchange-traded fund) in the United States, many investors may not realize that there are already dozens of crypto exchange-traded products (ETPs) available across the world. For those of you unfamiliar with the term, an ETP can be thought of as a packaging layer around an asset or group of assets such as bitcoin and cryptocurrencies, which trades on an exchange like a security. Common exchanges where crypto ETPs can be found include OTCQX by OTC Markets, Nasdaq Nordic, CME GroupCME (for crypto futures and options), Deutsche Brses Xetra, Swiss SIX Exchange and Canadas Toronto Stock Exchange.

Unsurprisingly, there continues to be a lot of confusion about ETPs, especially when it comes to crypto. This knowledge gap can be limiting to people looking for ways to gain crypto exposure without directly holding the asset.

The acronyms above tend to be used interchangeably, but each has its own distinct meaning and there are important differences when it comes to tax treatment, credit risk, ease of trading and rules governing deposits/redemptions that you should know.

To start, ETP is the catch-all term. Every acronym such as ETF or CEF (closed-end fund) falls under the ETP family. Similarities between these products include that they:

Even so, there are a number of substantial differences. For instance, as a result of their unique structures, ETF prices trade at or close to their net asset value (NAV) while CEF share prices can trade at a substantial premium or discount relative to the funds NAV. This is something that we have seen quite often with Grayscale products (see chart).

GBTC Discount Chart

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Additionally, some ETPs may be restricted to certain investor classes, such as those with a large amount of assets. For instance, only accredited investors can purchase shares in Grayscale products directly from the issuer. On the other hand, ETFs and Grayscale funds trading on the secondary market are open to retail traders.

Among all Grayscale products, the firms bitcoin trust is by far the industrys largest fund available to investors by AUM (assets under management) US$14.05 billion as of this writing. It also offers other similarly-structured products tracking other assets such as ethereum, litecoin, ethereum classic and even a diversified index.

But the crypto ETP market is far more than Grayscale. For instance, Switzerlands SIX Swiss Exchange has a robust roster of crypto ETPs exceeding 40 tickers, with the largest by trading volume being WisdomTree BitcoinBTC (BTCW.SW) and 21Shares Ethereum ETH ETP (AETH.SW). Canadas Toronto Stock Exchange launched North Americas first crypto ETFs in the first quarter of 2021: Purpose Bitcoin ETF (BTCC)which got off to a very strong start raising nearly US$1 billion in its first monthEvolve Bitcoin ETF (EBIT) and CI Galaxy Bitcoin ETF (BTCX).

Additionally, October 2021 saw the launch of the U.S.s first bitcoin ETFs. However, they do not reflect the spot price of bitcoin, but futures contracts that trade on platforms such as the Chicago Mercantile Exchange. The first to launch in October was the ProShares Bitcoin ETF (BITO). However, other offerings include the Valkyrie Bitcoin Strategy ETF (BTF) and the VanEck Bitcoin Strategy ETF (XBTF).

Table of Crypto Exchange Products

Forbes

In most cases, the solution is as simple as having an account at a brokerage firm with access to foreign exchanges where crypto ETPs trade or the OTC Markets exchange. Additionally, qualified investors have a few more investing options because certain ETNs can only be offered to this more sophisticated audience.

Forbes is a bona fide news publication, not an investment advisor, registered broker-dealer, or exchange, and nothing in this publication should be construed as investment advice, research, or investment advisory services. Forbes site is not tailored to a specific readers or prospective readers current or future investment portfolio, investment objectives, or other needs. The content provided in this publication is for informational purposes only. No part of this publication should be construed as a solicitation, offer, opinion, endorsement, or recommendation by Forbes to buy or sell any security, investment, cryptocurrency, or digital good or property in the metaverse. You should consult your legal and tax advisors before making any financial decisions.

I am director of research for digital assets at Forbes. I was recently at Kraken, a cryptocurrency exchange based in the United States. Before joining Kraken I served as Chief Operating Officer at the Wall Street Blockchain Alliance, a non-profit trade association dedicated to the comprehensive adoption of cryptocurrencies and blockchain technologies across global markets. Before joining the WSBA, I was the Lead Associate within the Emerging Technologies practice at Spitzberg Partners, a boutique corporate advisory firm that advises leading firms across industries on blockchain technology. Previously I was Vice President/Lead Strategy Analyst at Citi FinTech, where I drove strategic and new business development initiatives for Citigroups Global Retail and Consumer Bank business across 20 countries. I also served five years as a Senior Intelligence Analyst at Booz Allen Hamilton supporting the U.S. Department of Defense. I have a B.S. in Business Administration from the Tepper School of Business at Carnegie Mellon University and a M.A. in International Affairs from Columbia University's School of International and Public Affairs. Additionally, I am a Certified Information Privacy Professional (United States, Canada, and the European Union) and a Certified Information Privacy Technologist at the International Association of Privacy Professionals (IAPP).

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The Genesis Of Cryptocurrency Exchange-Traded Products - Forbes

What happened

Cryptocurrencies were a stinker of an asset class on Wednesday, but you wouldn't know that from the performance of one of their top exchange operators. Coinbase (COIN 5.18%) saw its share price rise by almost 3% on the day following an analyst's price-target bump; this performance trounced that of the S&P 500 index, which wilted at a 0.7% pace.

Well before market open that day, Atlantic Equities' Simon Clinch made the move. He now pegs Coinbase's fair value at $63 per share, far higher than his previous $46 estimation. He's not ready to change his recommendation, however, which is a bit of a shame for investors as he continues to rate the stock a neutral.

Clinch's latest research note on Coinbase wasn't immediately available. However, it comes just after a very bullish Tuesday for cryptocurrencies in general and related assets specifically. That day Bitcoin, inarguably the bellwether coin of its realm, notched a nearly one-year price high -- $26,500 per coin, to be exact.

That had a knock-on effect with said assets, and as a leading crypto exchange operator, Coinbase certainly qualifies.

Yet cryptocurrencies and, by extension, Coinbase, might be in for some rocky times ahead.

Inflation is still a drag on both the U.S. and the global economy. While investors are hoping for a break or a comedown in the Federal Reserve's recent series of interest rate rises, this is by no means assured. High rates tend to dampen enthusiasm for investments considered to be more speulative, and as a group, cryptos and crypto-adjacent securities are usually lumped into this category.

Eric Volkman has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has a disclosure policy.

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Why Coinbase Stock Was a Cryptocurrency Winner on Wednesday - The Motley Fool

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Artificial intelligence (AI) seems to be everywhere these days. With the rise of ChatGPT and other trending AI applications, many cryptocurrencies have been rushing to adopt it as well. However, not all AI is created equal. Logical-AI, an approach adopted by Tau, has been an integral part of Agoras token for a long time, and it is what sets it apart from other cryptocurrencies.

Agoras ($AGRS) is the first cryptocurrency entirely run by its users in a sound manner. It is the cryptocurrency of Tau Net, a user-controlled blockchain network. This unprecedented user control over the network and its tokenomics is made possible by Tau technology, which is based on the use of Logical AI a combination of a unique software specification language and communication paradigm. The use of Logical AI allows Tau to detect and calculate agreed constraints and highlight points of agreement, disagreement, and implications across conversations in formal languages. The resulting specification is executable by Taus backend, creating correct-by-construction software, and giving users direct control over the network.

Are other blockchains really decentralized?

While many blockchain projects claim to have decentralized development, their methods cannot be considered sound because they ask their users to vote on code patches manually or use machine-learning techniques for mass voting, which are statistical in nature. Further, code is implemented by a centralized development team who has to be trusted, and even if trusted, cannot write code with a proof of accurate outcome.

On Tau Net, users will govern the development of the system by saying what they want the network to be like in the form of statements that satisfy rules and changes to be implemented. The system will then calculate the agreement among the users and implement the next version of Tau Net into the next block in the blockchain.

How Agoras works

The economic aspect of Tau Net will be fully powered by Agoras. Tau Net users will be able to collaboratively and continuously influence every component of the Agoras tokenomics, which will make Agoras the first cryptocurrency fully and soundly run by its users.

For example, one user might prefer deflationary system that rewards active participants in the network. Another user might actively participate in the network and prefer to be rewarded for it. The next user might wish for Agoras to be deflationary. Tau Net will calculate the collective agreement on the desired behavior of Agoras and conclude that it will become deflationary by burning 50% of all transaction fees and reward active network participants by redistributing 50% of all transaction fees across all active wallets that hold the token. Tau Net will then automatically adjust the tokenomics to accurately match the specification.

The utility of Agoras

By leveraging Taus AI-based collaborative development technology, Agoras tokenomics, and utility will evolve to reflect its users collective wants and will represent the total purchasing capability of all increasingly available assets in the system. Initially, Agoras will be used to trade knowledge, computer resources, and derivatives.

User knowledge shared through discussions on Tau Net will be integrated into an extremely powerful Knowledgebase where users will have the option to make each piece of their knowledge accessible to the network in order to exchange it for Agoras ($AGRS) and other assets. Tau Net will detect when a piece of a users knowledge is a solution to someone elses problem and advertise it to them. This will give users an unprecedented opportunity to earn from their knowledge effortlessly, directly, and continuously.

Users will also have the option to make idle computer resources in smartphones, laptops, and tablets, such as a CPU, hard drive, and GPU available to trade and rent for Agoras and other assets in Tau Nets economy. While selling a fraction of your CPU in traditional markets can be very difficult, in the Agoras economy, even fractions of computer resources can be monetized. Combining millions of users computers will generate enormous computational resources, that could easily surpass all the servers of the biggest tech companies.

Tau Net will also offer a derivatives market, in which, Agoras will be used to trade financial instruments such as futures and options. Agoras will also have the ability to provide risk-free interest without inflation in the token supply.

Benefits of AI cryptocurrency

While many cryptocurrencies are adopting AIs that are based on machine learning, Agoras is unique in its use of logic-based AI. This approach, which is the basis of Tau technology, allows Agoras users to have control over the network and its tokenomics, not only making it truly decentralized but also enabling it to evolve in a sound way. The use of Logical AI sets Agoras apart from other cryptocurrencies and paves the way for the next era of user-controlled cryptocurrencies.

Join Tau Net and Agoras community and learn more at tau.net.

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Agoras Leads the Way in AI-Based User-Controlled Cryptocurrency ... - Bitcoin News

Cryptocurrency mixers are definitely advantageous in providing an extra layer of security to crypto assets. However, theres a good reason why they are also frowned upon by a lot of people, especially by the authorities and government regulators.

Cryptocurrency has gained significant popularity over the years as an alternative means of payment and investment. However, as cryptocurrency transactions are not tied to any specific individual or entity, there is a potential risk of privacy infringement. This is where cryptocurrency mixers come in.

A cryptocurrency mixer, also known as tumbler, is a platform that allows users to mix or combine their cryptocurrencies with others to enhance their privacy and anonymity. Essentially, a mixer scrambles the transaction history of a particular cryptocurrency and replaces it with a new one. This makes it difficult to trace the original transaction back to the sender, thus providing a layer of privacy and anonymity.

The mechanics of a cryptocurrency mixer involve users sending their cryptocurrency to the mixers platform. The mixer then blends the cryptocurrency with other users currencies and sends it back to their respective wallets. As a result, the transaction history of the original currency is scrambled and becomes untraceable.

Cryptocurrency mixers can be centralized or decentralized. Centralized mixers are operated by a third-party company while decentralized mixers rely on peer-to-peer networks.

One of the main advantages of cryptocurrency mixers is enhanced privacy and anonymity. Users can transact without worrying about their personal information being exposed to the public.

This is particularly useful for people who want to keep their financial transactions private, such as high-profile individuals or businesses. Cryptocurrency mixers also provide a means for people living in countries with strict financial regulations to transact anonymously.

However, cryptocurrency mixers also have their downsides. One of the main concerns is that they can be used for illegal activities such as money laundering, drug trafficking, and terrorism financing.

The anonymity provided by cryptocurrency mixers makes it difficult for law enforcement agencies to trace the origins of illegal activities. In fact, some countries have banned the use of cryptocurrency mixers entirely to prevent criminal activities.

Another downside of these platforms is that they can be expensive. Cryptocurrency mixers charge a fee for their services, which can range from a fraction of a percent to as high as 10% of the total transaction amount. This can make it costly for people who want to mix large amounts of cryptocurrency.

Furthermore, since these mostly operate on the darknet, users risk entrusting their funds to shady individuals operating the platform.

Cryptocurrency mixers are a useful tool for enhancing privacy and anonymity in cryptocurrency transactions. However, they also have numerous downsides, particularly in their potential use for illegal activities. This is the key reason why regulators frown upon them.

It is essential to weigh the pros and cons before using cryptocurrency mixers and to ensure that they comply with local regulations. Additionally, it is important to note that while cryptocurrency mixers can provide privacy, they do pose cybersecurity issues and your funds may be mixed in with others sourced from illicit activities.

Its best to avoid these altogether as the blockchain alone already comes with tons of security features to protect your crypto assets.

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Essential Stuff You Need To Know About Cryptocurrency Mixers - Blockzeit

DARTFORD, UK / ACCESSWIRE / March 15, 2023 / Chiron Investigations, a leading provider of investigation services, has launched a new suite of solutions to help organizations combat online crime. In collaboration with companies that have fallen victim to various online crimes, Chiron Investigations provides a range of services, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems.

Chiron, Wednesday, March 15, 2023, Press release picture

As online transactions and commerce have grown, so have the risks of cybercrime. Team of experts offers guidance and support to those seeking to understand how to get their stolen crypto back. These crimes have a significant impact on an organization's reputation, operations, and finances. Chiron Investigations recognizes the importance of protecting businesses from the consequences of online crime and provides comprehensive solutions tailored to each client's needs.

"Our mission is to help businesses recover from the effects of online crime and to provide them with the tools they need to prevent it from happening again," said IT head of Chiron Investigations. Further he said , "We work closely with our clients to understand their unique challenges and tailor our solutions accordingly. Our team of experts has years of experience in investigating and preventing online crime, and we are committed to providing the highest quality of service to our clients."

Chiron Investigations offers a range of services designed to help businesses prevent and recover from online crime. The company provides customized solutions to suit each client's unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. In addition to working closely with law enforcement agencies and financial institutions to ensure that criminals are held accountable for their actions, they are also committed to helping those impacted by crypto trading platform crimes. Chiron Investigations' team of experts uses advanced technology and techniques to trace and recover stolen funds and to bring perpetrators to justice. They work closely with law enforcement agencies and financial institutions to ensure that criminals are held accountable for their actions.

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"Our approach is to provide a comprehensive solution that addresses every aspect of online crime," said Spokes person for Chiron Investigations. "We understand the devastating impact that cybercrime can have on businesses, and we are committed to helping our clients protect themselves from future occurrences." Further added by Spokes Person.

Chiron Investigations' services are not only available to businesses of all sizes and across all industries, but they also offer flexible plans that include crypto recovery services to help get stolen bitcoin back. This ensures that their solutions are accessible to everyone, regardless of budget, and that victims of cryptocurrency theft have a reliable and trusted resource to turn to.

"We are confident that our services will make a real difference to businesses struggling with the effects of online crime," said CFO of Chiron Investigations. "Our team of experts is dedicated to providing customized solutions that meet the unique needs of each client. We believe that every business deserves the peace of mind that comes with knowing that they are protected from online crime, and we are committed to making that a reality." Further added by CFO.

For more information about Chiron Investigations and their services, visit their website at http://www.chiron-investigations.com

About Chiron Investigations:Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client's unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice.

Media ContactContact Person: Julie SpencerCompany Name: Chiron Investigations Crypto Recovery SolutionsWebsite: https://chiron-investigations.com/Email: Admin@chiron-investigations.comCity: DartfordCountry: United Kingdom

SOURCE: Chiron

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Swift and Reliable Cryptocurrency Recovery Services Offered by Chiron Investigations - Yahoo Finance

On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers 329 million annually. The limit imposed on crypto exchanges is 1,000 daily ($1,215), with a 30-day limit of 5,000 ($6,077).

Amid the banking sector rout in the United States following the collapse of Silicon Valley Bank (SVB) and its subsidiary, Silicon Valley Bank U.K. Ltd., the Edinburgh-based financial institution Natwest is limiting cryptocurrency payments. Natwest, however, cites cryptocurrency scams in the United Kingdom that cost consumers 329 million ($399 million) annually as the reason for the limit. The banks notice also indicates that men over the age of 35 are most at risk of such scams.

Natwests press release, published on Tuesday, details that cryptocurrency investments are often made through legitimate exchange platforms. The British banks added that these websites let customers buy, sell or exchange cryptocurrencies for other digital currency or traditional currency. Natwest also emphasizes that, in addition to men over the age of 35, criminals are using the cost-of-living crisis to entice investors with the promise of high returns.

You should always have sole control of your cryptocurrency wallet and nobody else should have access, noted Stuart Skinner, head of Natwests fraud protection unit. If you didnt set the wallet up yourself or cant access the money then this is likely to be a scam. We have seen an increase in the number of scams using cryptocurrency exchanges and we are acting to protect our customers.

This is not the first time Natwest has limited transfers to cryptocurrency exchanges. The bank set a temporary limit in June 2021, and the following month, it specifically blocked payments to Binance, citing the heightened risk of cryptocurrency scams. Natwest has often categorized cryptocurrency assets as high risk in the past. In April 2021, just before the first limit was imposed, a Natwest risk manager said: We have no appetite for dealing with customers who transact with cryptocurrencies.

What do you think about Natwest limiting crypto payments to digital currency exchanges? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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British Bank Natwest Implements New Limits on Cryptocurrency ... - Bitcoin News

Bitcoin briefly soars to highest point since June, breaks $26,000 barrier

On March 14, Bitcoin experienced a surge in value, reaching $26,000, its highest value since June 2022. This surge comes amid growing optimism that the digital asset sector can weather the recent financial system turmoil in the United States. The worlds biggest crypto has witnessed a steady increase in value over the last four days, with a rise of up to 7.9 percent, reaching $26,142, before coming down to trade at $24600 levels. This is the first time that Bitcoin has traded above $26,000 since June last year. On the other hand, Ether neared the $1,800 mark before paring its gains to trade around $1,710 levels. Read full here

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Top cryptocurrency news on March 15: Binance UK suspends deposits & withdrawals, DCG looks for new... - Moneycontrol

Throughout the blockchain space, it is more vital than ever before for cryptocurrency traders and investors to have access to all of the latest news, developments, and analytics to make well-educated decisions as to how they will diversify.

One such platform that can shift the landscape surrounding how investors and traders conduct traders by enhancing accuracy is AltSignals.

The current AltSignals presale offers the ASI cryptocurrency at $0.012.

The AltSignals project aims to evolve the existing trading platforms. It utilizes the power of machine learning and has created a custom algorithm trained to identify patterns in market data. This means that traders globally can find value, and utility in the platform, aside from just the ASI cryptocurrency.

The current presale is 32.28 % completed, and the ASI cryptocurrency can potentially climb in value to $0.04 by the end of the presale. ASI has the potential to reach a new all-time high point throughout the year.

Experienced cryptocurrency traders and investors know that following the tech fields narrative is essential for making educated investment decisions. The current trend and narrative are around AI, and AltSignals is a platform that utilizes AIs power through its stack known as AcutalizeAi.

While there are never any guarantees with volatile cryptocurrencies, the ASI token can reach $1 by Q4 2023. Its performance is dependent on the overall success of the presale and the demand for the token in the long term.

AltSignals is one of the latest projects to make waves throughout investor circles as it is powered by leading technologies, such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and advanced sentiment analysis.

By implementing a simple linear regression model, the AltSignals tool can predict the future prices of assets with a high level of accuracy by considering their historical performance.

Theres also the AltAlgo indicator, which aims to simplify the tracing process and make it accessible to traders with a high experience level.

The platform implements numerous advanced technologies to predict the future value of cryptocurrencies, including Artificial Intelligence, Machine Learning, Predictive Modeling, Natural Language Processing, and Sentiment Analysis.

Powering the entire AltSignals ecosystem is the ASI token. It acts as a membership token for the AltSignals AI ecosystem, where each holder of ASI tokens will gain access to all available tools.

Each holder can also access future AI-powered products, the AI Members Club, and engage in presale opportunities alongside trading tournaments. The ASI cryptocurrency will also see usage in community governance.

AltSignals will change the industry tremendously by cutting out the guesswork involved in analyzing cryptocurrencies potential growth and value.

In other words, instead of users needing to manually review all of the data and then make estimates based on their guesses, they can access trade signals and analysis through AI-powered technology.

They can get data surrounding Binance futures, Forex, And Tradingview. The platform will provide technical and fundamental analysis and can continue adapting to market conditions, even when they are bearish or bullish.

The blockchain space is consistently growing, and more investors than ever are aiming to leverage cryptocurrencies growth for financial gains. As long as there is a need to analyze cryptocurrencies, there will be a need for AltSignals, as it provides a lot of value and removes the guesswork surrounding making these estimates.

The AltSignals platform and its ASI token represent the gateway towards the trading industry, as they enable investors and traders access to AI-drive tools that will allow them to make well-educated decisions.

Once the team behind the project fully utilizes their regression model, they will move towards predictive modeling, combined with the progress made in natural language processing.

With the increased popularity of AI tools and the dominance they are showcasing in just about every industry, AltSignals and the ASI token can likely make solid long-term investment options.

AI-powered trading algorithms have been a dream in the minds of many investors, and this dream is becoming a reality.

The AltSignals platform represents not just a single tool but an ecosystem of tools that can provide signals and indicators about the future of any cryptocurrency. This means that there is a lot of value behind the underlying project, and as it evolves, and grows, it can become far more accurate, and demand for it can grow.

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AltSignals (ASI) changes the way cryptocurrency enthusiasts ... - Invezz

March 16, 2023 3:00 PM | 1 min read

Over the past 24 hours, Cosmos Hub's (CRYPTO: ATOM) price rose 3.2% to $12.53. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $10.69 to its current price. As it stands right now, the coin's all-time high is $44.45.

The chart below compares the price movement and volatility for Cosmos Hub over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

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The trading volume for the coin has increased 27.0% over the past week while the overall circulating supply of the coin has increased 0.06% to over 292.59 million. The current market cap ranking for ATOM is #21 at $3.65 billion.

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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Cosmos Hub's Price Increased More Than 3% Within 24 hours - Benzinga

March 15, 2023 3:00 PM | 1 min read

Over the past 24 hours, Filecoin's (CRYPTO: FIL) price has fallen 19.23% to $5.65. This continues its negative trend over the past week where it has experienced a 3.0% loss, moving from $5.79 to its current price.

The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

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The trading volume for the coin has increased 251.0% over the past week while the overall circulating supply of the coin has increased 2.18% to over 404.39 million which makes up an estimated 20.58% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #29 at $2.27 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Filecoin Down More Than 19% Within 24 hours - Benzinga