• Latest
  • Trending
SEC approval of Bitcoin futures ETFs sees Bitcoin price soar

SEC approval of Bitcoin futures ETFs sees Bitcoin price soar

October 16, 2021
Jasmy price technical analysis as rebound accelerates

Jasmy price technical analysis as rebound accelerates

February 6, 2023
Stablecoin adoption could lead to DeFi growth, says Aave founder

Stablecoin adoption could lead to DeFi growth, says Aave founder

February 6, 2023
A Step-By-Step Guide to Understanding a Crypto Whitepaper

A Step-By-Step Guide to Understanding a Crypto Whitepaper

February 6, 2023
XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

February 6, 2023
Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report

South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms

February 6, 2023
Binance Tax launched to prepare crypto users for the tax season

Binance Tax launched to prepare crypto users for the tax season

February 6, 2023
Understanding the Hype Around Canto NFTs

Understanding the Hype Around Canto NFTs

February 6, 2023
Ripple CTO Claims XRP Buyback Program Is a Scam

Ripple CTO Claims XRP Buyback Program Is a Scam

February 6, 2023
China doles out millions in digital yuan in bid to boost adoption: Report

China doles out millions in digital yuan in bid to boost adoption: Report

February 5, 2023
  • Privacy Policy
Monday, February 6, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

SEC approval of Bitcoin futures ETFs sees Bitcoin price soar

J_News by J_News
October 16, 2021
in Crypto Technical Analysis, Top News
0
SEC approval of Bitcoin futures ETFs sees Bitcoin price soar
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


The news has seen Bitcoin’s price cross the $60,000 mark for the first time since April

The US Securities and Exchange Commission (SEC) is set to approve the first Bitcoin (BTC) futures exchange-traded fund (ETF), according to sources cited by Bloomberg.

Per sources familiar with the development, the US regulator will allow the Bitcoin-tied products filed by ProShares and Invesco to trade as early as next week. 

The news that the SEC is set to give a nod to Bitcoin-backed ETFs has significantly buoyed investor sentiment after almost a decade of waiting, with the agency either rejecting or delaying a decision on several applications since 2013.

But according to ETF analyst Eric Balchunas, the SEC is not opposed to Bitcoin futures ETFs, and approval for at least one of the exchange-traded funds highlighted above is a “pretty much done deal”.

SEC’s tweet and Bitcoin’s price surge above $60k

Bloomberg’s report on an imminent approval of a Bitcoin futures ETF coincided with a warning to investors from the SEC’s investor education office.

A tweet the agency posted on Thursday urged investors to “carefully weigh the potential risks and benefits” of investing in BTC or funds that hold Bitcoin futures contracts. It is not the first time the SEC has tweeted this warning, but according to Balchunas, its timing points to a decision.

“NOTE: the last time the SEC tweeted this bulletin was 7/26, one day before ProFunds’ bitcoin strategy mutual fund “went effective” on 7/27 [] and two days before it launched on 7/28. If pattern holds, ProShares ETF will be trading Mon or Tue…,” he said.

In the hours following the regulator’s notice and reports of approval being a “done deal”, Bitcoin’s price soared.  According to data from CoinGecko, the benchmark cryptocurrency’s value had touched $60,018.76, its highest price level in six months.

Bitcoin is trading around $59,875 at the time of writing, with bulls looking likely to attempt a retest of the all-time high of $64,804.72 reached on 14 April.





Source link

Related articles

Jasmy price technical analysis as rebound accelerates

Jasmy price technical analysis as rebound accelerates

February 6, 2023
Stablecoin adoption could lead to DeFi growth, says Aave founder

Stablecoin adoption could lead to DeFi growth, says Aave founder

February 6, 2023
ShareTweetShareShare
Previous Post

Bitcoin Latinum (LTNM) To List On FMFW.io Exchange

Next Post

BTC.com Withdraws from China, AntPool Suspends IP Access, & Tencent Bans 1,000 WeChat Accounts

Related Posts

Jasmy price technical analysis as rebound accelerates

Jasmy price technical analysis as rebound accelerates

by J_News
February 6, 2023
0

The Jasmy Coin price rose on Monday, continuing a bullish trend that started in December when it dropped to a...

Stablecoin adoption could lead to DeFi growth, says Aave founder

Stablecoin adoption could lead to DeFi growth, says Aave founder

by J_News
February 6, 2023
0

Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the...

A Step-By-Step Guide to Understanding a Crypto Whitepaper

A Step-By-Step Guide to Understanding a Crypto Whitepaper

by J_News
February 6, 2023
0

Do you know why most people lose money in every new crypto project they invest in? The answer is not...

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

XRP’s Most Surprising Prediction Made by Reaper Financial CEO: Details

by J_News
February 6, 2023
0

Tomiwabold Olajide XRP's seven-year prediction made by Patrick L. Riley, CEO of Reaper Financial Patrick L. Riley, CEO of Reaper...

Seven S. Korean Brokerages Plan to Start Crypto Exchanges Next Year: Report

South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms

by J_News
February 6, 2023
0

Security tokens refer to the digitalization of securities under the Capital Markets Act using distributed ledger technology, according to the...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Crypto Slang Terms – 20 Words You Should Know

Web3 vs Web2 – What Are Some Of The Core Differences?

Buying Bitcoin now? What this could mean

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 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