News
The long-awaited launch of a Bitcoin exchange-traded fund could finally arrive on Monday.
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ETF News
Exchange-traded funds, or ETFs, are investment funds that trade on a stock market with their value derived from an underlying basket of assets such as stocks, bonds, commodities and other financial instruments. They provide investors easier exposure to a certain index of assets.
A Bitcoin ETF is similar, but the underlying asset is the Bitcoin (BTC) cryptocurrency rather than other traditional financial instruments.
The hope of Bitcoin ETFs is that they could provide institutional investors an easier way to buy into Bitcoin and crypto markets, thus making it more attractive to the broader investment community.
While there have been many proposals for Bitcoin ETFs presented to the United States Securities and Exchange Commission, or SEC, the main hindrance to their approval is concern for asset volatility and market maturity, though this sentiment is starting to shift in crypto’s favor. For years, and most certainly now, there has been demand from institutional investors for this on-ramp to the crypto economy.
- Altcoin Watch
Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event.
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The investment firm withdrew its application for a physically-backed Bitcoin ETF in 2020 but has already received approval for a fund offering investors exposure to companies in the blockchain and crypto industry.
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According to Bloomberg senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie.
11745 - Market Analysis
$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week.
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Volt recently received approval for an ETF that includes stocks in various crypto-related companies.
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The fund will trade on ASX and aims to provide a level of crypto exposure to institutional investors.
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Regulatory uncertainty could be the cause for yet more delays in the approval of long-awaited Bitcoin exchange-traded products.
12096 - Market Analysis
ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.
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Institutional investors piled $225 million into Bitcoin products, while Ether products saw outflows of $13.6 million this past week.
8807 - Market Update
A day of consolidation ends in fresh bullishness for Bitcoin price action, which continues to close in on final resistance below all-time highs.
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Regulators have green-lighted a new exchange-traded fund that provides exposure to “Bitcoin Industry Revolution Companies.”
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Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month.
17364 - Market Analysis
Correlation does not imply causation, but these three indicators did signal prior to Bitcoin’s recent push to $49,000.
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As the SEC "kicks the can" on traditional Bitcoin ETFs, the Bitcoin futures equivalent is gearing up for likely approval, says Bloomberg's Eric Balchunas.
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