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SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first futures-based bitcoin exchange-traded fund (ETF) in the U.S. … Read more
ProShares’ Bitcoin Strategy ETF saw around $1 billion volume on its opening day, with 24.313 million BITO shares changing hands. Go to Source Powered by WPeMatico
Prior to the launch of the Proshares Bitcoin Strategy ETF (BITO), open interest in bitcoin futures products has been surging since the start of the month, according to data from the Coinbase Institutional arm Skew Analytics. Binance and FTX command the lion’s share of bitcoin futures’ open interest with 40.67% of the market. Moreover, data … Read more
The price of Bitcoin rose to a five-month high of $63,293 following shares of ProShares’ ETF opening for trading. Go to Source Powered by WPeMatico
Bitcoin reaches $63,000 as Grayscale Bitcoin Trust announces it will convert its $40 billion fund into a Bitcoin spot ETF. Go to Source Powered by WPeMatico
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern. Go to Source Powered by WPeMatico
Bloomberg ETF analysts are predicting Valkyrie’s futures-based Bitcoin ETF will commence trading this week. Go to Source Powered by WPeMatico
Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its … Read more
Bitcoin price increases will also be less dramatic moving forward, the report suggests. Go to Source Powered by WPeMatico
The owner of the NBA team Dallas Mavericks, Mark Cuban, has said “no” to investing in bitcoin-based exchange-traded funds (ETFs), one of which could start trading next week in the U.S. The Shark Tank star does not see a reason for him to invest in a bitcoin ETF, emphasizing that he can buy the cryptocurrency … Read more