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Tag Archives: bitcoin etf

A Bitcoin ETF Has Made It to the U.S., but Is It What Traders Are Looking For?

A bitcoin-based exchange-traded fund (ETF) has finally made its way to the middle of North America. The United States has long awaited the introduction of a bitcoin ETF after many years have gone by of companies submitting applications only to have them rejected ungraciously. A Bitcoin ETF Has Made Its Way to the U.S. This new product is being offered by Pro Shares and is being traded on the New York Stock Exchange (NYSE). It trades under the ticker BITO, and investors...

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The Weekly Crypto Recap: New Bitcoin ATH of $67K As ETFs Live

To say that last week was exciting would be a serious understatement. Bitcoin went on to chart a brand new all-time high at around $67K, we saw the approval of the first-ever futures BTC ETF in the US, a massive flash-crash on BinanceUS, and a correction towards $60K. Let’s dive in. Starting with Bitcoin. The price was trading around $62K last this time last week and even dipped below $60K briefly on Monday. However, the market was propelled higher from then, and this...

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Mark Yusko On Bitcoin: There Could Be a Pause in Momentum if People Cash Out

Bitcoin is doing better than it has in a long time. The currency – which was trading for $64,000 per unit in April of this year – has suffered somewhat in recent months, experiencing some bearish behavior that ultimately brought it down below the $30,000 mark for a brief period. However, at press time, the currency is trading again above $60,000, and is only a few thousand dollars shy of where it was six months ago. Bitcoin Has Reached a New Pinnacle For the most part,...

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VanEck Receives SEC Approval: Will Launch Its Bitcoin Futures ETF Next Week

Global investment manager VanEck is set to launch a bitcoin futures exchange-traded fund (ETF) next week, shortly after ProShares got the SEC’s green light to launch the first BTC ETF. As per a Wednesday post-effective filing with the Securities and Exchange Commission (SEC), VanEck revealed it had secured approval from the SEC, and it’s now fully authorized to launch its BTC fund next week, after October 23, Saturday. VanEck first applied for the BTC futures ETF in August....

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Bitcoin ETF in den USA endlich gelaunched

Heute ist es endlich so weit, der Bitcoin ETF ProShares wird offiziell gelaunched. In den vergangenen Jahren gab es immer wieder Versuche, einen Crypto-ETF an der New Yorker Börse zu veröffentlichen – doch jedes Mal scheiterten sie. Nun hat es die Firma ProShares geschafft, dessen CEO das Event offenbar bereits im Vorfeld medienwirksam feierte. Bitcoin News: Bitcoin ETF in den USA endlich gelaunchedMit dem ETF wird weiteres Geld für den Cryptomarkt erwartet. Wobei es hier vor allem um das...

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First Bitcoin Futures ETF Comes Today: BTC Price Volatility Expected

The talk in the crypto town for the past several days has predominantly been the potential launch of a Bitcoin ETF in the United States. After all, the country’s Securities and Exchange Commission has been reluctant to approve such a product for years, while other nations, like Canada and Brazil, did so earlier this year. The pressure on the SEC is mounting, and the appointment of Gary Gensler, who previously had experience with blockchain, was regarded as a promising step in...

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The Weekly Recap: $60K BTC, Polkadot Parachains & When ETF?

For the first time since April, Bitcoin’s price is back at $60,000. It’s a major psychological level, even though, from a technical standpoint, it doesn’t contain that much resistance. In any case, this followed a considerable weekly increase and rumors of the approval of a futures-backed Bitcoin ETF in the US. Let’s take a dive. This time last week, Bitcoin was trading at around $54K, but it was mostly up from there. It had almost reached $58K by Tuesday when BTC went...

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Ark Invest Doubles Down On Its Efforts To Offer a Bitcoin Futures ETF

Ark Invest, the asset management firm founded by cryptocurrency enthusiast Cathie Wood,wants to accelerate is crypto strategy and has now officially lent its name to an ETF tracking bitcoin futures. A bitcoin future is not actually the same as a bitcoin token. Whoever holds futures contracts does not actually hold the cryptocurrency but rather rights to a pact between parties to purchase an asset in the future at a price determined in the present. Ark Invest Believes in a...

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The Company Behind the World’s First Bitcoin ETF Launches Mutual Crypto Fund Units

Purpose Investments – an asset management company with $12B+ in AUM – recently announced that mutual fund units would be available for its cryptocurrency exchange-traded funds (ETFs). These include its Purpose Bitcoin ETF and Purpose Ether ETF, each directly backed by BTC and ETH respectively. Purpose Investments Mutual Fund Units As indicated in a press release from GlobeNewswire, there are now six mutual fund units available for both the Purpose Bitcoin and Ether ETFs....

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US SEC Approves an ETF Tracking the Performance of Bitcoin-Investing Companies

Just four months after the application, Volt Equity’s Volt Bitcoin Revolution ETF has received the green light from the US Securities and Exchange Commission. It will provide investors the option to invest in companies with direct exposure to BTC, such as MicroStrategy. Back in early June this year, the California-based firm Volt Equity filed with the Commission documents to launch a different type of exchange-traded fund with indirect exposure to BTC. The filing described...

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