Why Are Pros Craving a Spot Bitcoin ETF?
The fundamentals of investing give an answer, and the impact from BTC ETFs from the likes of BlackRock and Fidelity could be huge.
The fundamentals of investing give an answer, and the impact from BTC ETFs from the likes of BlackRock and Fidelity could be huge.
The combined market value of cryptocurrencies is the highest since May 2022, when Terra’s collapse marked the beginning of the crypto winter.
The notional open interest in BTC options worldwide stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.
The ARK Invest founder and CEO remains bullish and said the crypto market opportunity could scale to $25 trillion by 2030.
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
Bitcoin’s recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.
Hashdex’s decision to use CME, a regulated exchange, per the SEC’s requirement of a surveillance-sharing agreement (SSA), might set it apart from the group.
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.
Today in Crypto for Advisors Roxanna Islam from VettaFi discusses the current crypto ETF market with a focus on Eth futures performance.
Shares of Coinbase (COIN), MicroStrategy (MSTR) and Marathon Digital (MARA) climbed more than 13% as bitcoin (BTC) topped $34,000.