• Latest
  • Trending
BTC Hits k, ETH Nearly k as NYSE Certifies “Approval for Listing”

BTC Hits k, ETH Nearly k as NYSE Certifies “Approval for Listing”

October 16, 2021
BTC, ETH, and XRP Price Analysis for June 27

BTC, ETH, and XRP Price Analysis for June 27

June 27, 2022
Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

June 27, 2022
Losses are tragic but investors have ‘fair warning’, Tether co-founder says

Losses are tragic but investors have ‘fair warning’, Tether co-founder says

June 27, 2022
ViaBTC Capital | Reasons Behind Solana’s Frequent Downtime: Design Flaws in the Gas Economy

ViaBTC Capital | Reasons Behind Solana’s Frequent Downtime: Design Flaws in the Gas Economy

June 27, 2022
Algorithmic Trading for Beginners: How To Learn & Start Earning | by Anastasia Nesterova | The Capital | Jun, 2022

Algorithmic Trading for Beginners: How To Learn & Start Earning | by Anastasia Nesterova | The Capital | Jun, 2022

June 27, 2022
Voyager Digital issues notice of default to Three Arrows Capital

Voyager Digital issues notice of default to Three Arrows Capital

June 27, 2022
How to Buy Monero | Where, How and Why

How to Buy Dogecoin on Coinbase [The Ultimate Guide]

June 27, 2022
The price of LUNA falls massively after the UST de-pegged from the US Dollar

MIR Price Prediction as the Mirror Protocol Rebounds

June 27, 2022
DOGE Creator Speaks on Expectations for Bear Market

DOGE Creator Speaks on Expectations for Bear Market

June 27, 2022
  • Contact Us
  • Privacy Policy
Monday, June 27, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

BTC Hits k, ETH Nearly k as NYSE Certifies “Approval for Listing”

Automatic by Automatic
October 16, 2021
in Crypto Technical Analysis, Top News
0
BTC Hits k, ETH Nearly k as NYSE Certifies “Approval for Listing”
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Bitcoin (BTC) Price

Euphoria is Back Ahead of ETF Listings: Bitcoin Hits $63k and Ether Nearly $4k as NYSE Certifies “Approval for Listing”

  • AnTy
  • October 16, 2021

OI on Bitcoin futures has hit a new ATH on both Binance and CME, while annualized daily basis on Binance is closing on 13%.

Bitcoin is just inches away from hitting its all-time high of $65,000.

On Friday, the leading cryptocurrency went to hit nearly $63,000 on Coinbase while going as far as $63,100 on Deribit. As of writing, BTC/USD is trading at $60,840, up 41.5% this month.

Related articles

BTC, ETH, and XRP Price Analysis for June 27

BTC, ETH, and XRP Price Analysis for June 27

June 27, 2022
Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

June 27, 2022

Much like Bitcoin, Ether is rallying and back to surpassing $4,000. Climbing to $3,970, Ether is less than 10% away from its mid-May ATH of $4,380. The price of ETH had briefly reached $4k in early September. ETH 0.89% Ethereum / USD ETHUSD $ 3,893.62
$34.650.89%
Volume 18.13 b Change $34.65 Open $3,893.62 Circulating 117.95 m Market Cap 459.26 b
3 h Euphoria is Back Ahead of ETF Listings: Bitcoin Hits $63k and Ether Nearly $4k as NYSE Certifies “Approval for Listing” 23 h Bitcoin Breaks Through $61,000 as Euphoria & ‘Greed’ Brings the Money Back In 1 d Indexed Finance’s NDX Is Down 92% from ATH After $16 Million Hack Sends it Crashing

While Bitcoin is in the lead, and Ether following, altcoins are lagging behind but still managing to see greens. This has the total crypto market cap making a new all-time high at $2.62 trillion earlier today.

Thanks to positive price active driving greed, the funding rate is also trending up ever since late September when it was negative. BTC’s annualized daily basis on Binance is closing 13%, but there’s still a lot of room to grow as, during the April peak, it went to 41.4%.

Open interest on Bitcoin futures is fast approaching mid-April ATH $27.38 bln, currently sitting at $22.85 billion. On Binance and CME, OI is already at a new high of $5.38 billion and $3.61 billion, respectively, and leading the futures market.

Ether’s OI is rising even at a much faster pace, sitting at $11.04 billion, not far from $11.55 bln high from early May. On CME again, OI on Ether futures is already at a new ATH of $1.01 bln.

Approval for Listing

All of this excitement is due to the Bitcoin Futures ETF finally starting trading next week. The market is extremely confident that the US will finally see a Bitcoin exchange-traded fund listing.

While there is no confirmation, ProShares is ready to roll out its fund, having filed paperwork. The fund will go by the ticker BITO with a 0.95% expense ratio and would only hold Bitcoin futures contracts, having removed the language for investing in Canadian ETFs.

“If anyone needs more evidence that this is happening on Tuesday. Proshares’ 8A just hit which registers the ETF’s shares with the SEC for trading on an exchange,” commented James Seyffart, ETF analyst at Bloomberg Intelligence.

The amended filing from ProShares indicated that the ETF would begin trading next week, which suggests the SEC is unlikely to block the listing at this point. NYSE Arca also certified “its approval for listing,” meaning the exchange will allow investors to trade the funds as allowed under federal law without the interruption of the regulatory agency.

Ten such applications for a Bitcoin futures ETF have been filed ever since SEC chief Gary Gensler first hinted at his support for such a product in August. In the weeks ahead, Valkyrie and Investor could also follow ProShares into the market.

Late on Friday also came the reports that the largest digital asset manager Grayscale Investments plans to file an application to convert its bitcoin fund into a spot ETF next week. GBTC is currently trading at a 15.12% discount.

Bitcoin/USD BTCUSD

60,591.4697-$830.10-1.37%

  • Volume 39.9 b
  • Change -$830.10
  • Open$60,591.4697
  • Circulating 18.85 m
  • Market Cap 1.14 t

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.





Source link

ShareTweetShareShare
Previous Post

Charles Hoskinson Starts Cardano Africa Tour to Support Future Cardano-Based Innovations There

Next Post

Truly decentralized finance will be beyond siloed blockchains

Related Posts

BTC, ETH, and XRP Price Analysis for June 27

BTC, ETH, and XRP Price Analysis for June 27

by Automatic
June 27, 2022
0

Denys Serhiichuk Which altcoins remain powerful than others after the most recent price correction? The new week has started with...

Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

by Automatic
June 27, 2022
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

Losses are tragic but investors have ‘fair warning’, Tether co-founder says

Losses are tragic but investors have ‘fair warning’, Tether co-founder says

by Automatic
June 27, 2022
0

The cryptocurrency market is still navigating a severe crypto winter that has wiped off billions of dollars in market value...

ViaBTC Capital | Reasons Behind Solana’s Frequent Downtime: Design Flaws in the Gas Economy

ViaBTC Capital | Reasons Behind Solana’s Frequent Downtime: Design Flaws in the Gas Economy

by Automatic
June 27, 2022
0

What is the gas fee? In the blockchain world, the gas fee is a fee that users have to pay...

Algorithmic Trading for Beginners: How To Learn & Start Earning | by Anastasia Nesterova | The Capital | Jun, 2022

Algorithmic Trading for Beginners: How To Learn & Start Earning | by Anastasia Nesterova | The Capital | Jun, 2022

by Automatic
June 27, 2022
0

Pic credit: www.freepik.comThe story is originally published on thecapital.ioAlgorithmic trading is a type of trading that uses computer programs to...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9

Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight

We Still Know Nothing About the Metaverse

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT