Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.
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Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.
Amplify ETFs, Invesco and Galaxy submitted registrations to the U.S. SEC for Bitcoin and DeFi-based ETF offerings.
A Bitcoin ETF could be approved by U.S. regulators by October. according to Bloomberg Intelligence Commodity Strategist Mike McGlone.
$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level.
Fidelity argues that Bitcoin markets have already reached maturity under the SEC’s own standards.
On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange…
Is a futures-based crypto exchange-traded fund really imminent, and if so why that, and not an ETF that takes direct ownership in Bitcoin?
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price.
Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility.
“A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage,” Bloomberg ETF analysts said.