Invesco launches spot Bitcoin ETP on Deutsche Borse
Invesco’s spot Bitcoin ETN joins 25 other similar products on Deutsche Boerse’s digital exchange, Xetra.
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Invesco’s spot Bitcoin ETN joins 25 other similar products on Deutsche Boerse’s digital exchange, Xetra.
The Bitcoin AUM market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion.
Nearly $3 billion in BTC options expire on Nov. 26, and bears are better positioned below $58,000.
Bullish sentiment surrounding crypto has not wavered despite the recent market correction that saw Bitcoin fall to sub-$57,000 levels.
Invesco withdrew its Bitcoin Strategy ETF due to the inability to offer exposure to a mix of futures swaps and spot Bitcoin.
The SEC rejecting VanEck’s spot ETF started a price reversal for Bitcoin as the regulator’s outlook on cryptocurrencies is revealed further.
Last week, bulls had a $715 million advantage when Bitcoin price was above $68,000, but the current downturn gives bears a chance to turn the tables.
ETH’s 13% drop to $4,100 led to $200 million in futures liquidations, but pro traders still have reason to stay long and strong.
HANetf and ETC Group announced the continuation of their collaboration with a blockchain equity ETF.
After years of efforts, VanEck is finally launching a Bitcoin exchange-traded fund based on BTC futures.