Tag Archives: bitcoin etf

US ETF issuers are looking for new ways to capture the attention of institutions a week after the watershed launch of Bitcoin ETF. Direxion, for one, is offering an ETF that shorts crypto futures. October 19th was a monumental day for the entire cryptocurrency industry. Right after ProShares’ Bitcoin ETF welcomed impressive volume on the New York Stock Exchange (NYSE), Bitcoin surged to record levels. BITO’s debut further extended the rally. But this time, firms are getting a...

Cathie Wood – the founder and CEO of Ark Invest – is acknowledging that the new bitcoin-based exchange-traded fund (ETF) is a step in the right direction. However, she’s not jumping in headfirst. Rather, she’s choosing to take her time and observe things for a little while so that she can better understand how the ETF will work and operate prior to getting involved. Cathie Wood Hasn’t Invested in the BTC ETF Just Yet At a recent conference, Wood was asked if she or her...

Popular investment firm Invesco is delaying the launch date of its new bitcoin ETF. The news comes at an ironic time given that Pro Shares is pulling back the curtain on its own crypto ETF, which has been trading on the New York Stock Exchange (NYSE) for the past week. Invesco Is Holding Back… For Now The journey of bitcoin ETFs in the U.S. has been a rocky one. Companies such as Van Eck have been trying for years to get greenlights on their products, only to be...

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...

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...

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,...

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....

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...

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...

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...