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“The futures-based ETF, if approved, will be an inefficient product,” Ilan Solot, global market strategist at Brown Brothers Harriman, told CoinDesk. “Because bitcoin’s futures curve is typically in contango, the fund is going to suffer from a negative rollover.” Original Source
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Morehead pointed out that the Wall Street adage of “buy the rumor, sell the fact” is currently playing out in the crypto industry. He highlighted how bitcoin rallied over 2,400% before the day bitcoin futures were listed on the Chicago Mercantile Exchange in 2017, followed by an 83% bear market
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On October 6, Pantera Capital published an investor’s note written by Dan Morehead, the company’s CEO. Unlike the myriad of crypto investors who believe that a bitcoin exchange-traded fund (ETF) will send the crypto asset’s value to the moon, Morehead explains it could be a negative event and when it
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The SEC’s approval of the fund, which will trade under the ticker BTCR, comes just days after the regulator delayed its decision on four bitcoin ETFs—GlobalX, WidsomTree, Kryptoin, and Valkyrie—to late November at the earliest. While the SEC kicks the crypto-can down the road, bitcoin ETF applications are piling up:
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“If approved, the actively managed fund would invest primarily in Bitcoin futures contracts registered with the Commodity Futures Trading Commission, and would not have direct exposure to Bitcoin. We look forward to sharing more details with the market when appropriate,” the statement added. Original Source
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Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price beats Wednesday’s highData from Cryptox Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum.Wednesday’s dramatic uptick had
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The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC).The exchange-traded fund, which was approved on Tuesday, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are
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The price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this
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A surge in Bitcoin prices today may be in response to increased speculation that an exchange-traded product could finally be approved in the coming weeks.BTC prices are up 7% over the past 24 hours and have surged a whopping 32% over the past week according to CoinGecko. This bullish price
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The increase in premium “suggests that there is high demand among the CME traders to build long exposure in bitcoin at the moment,” Arcane Research’s weekly research note published Tuesday said. “The front-month contract on CME is by far the most frequently traded BTC futures contract on the exchange, and
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