Image default
Blockchain

Will a Bitcoin ETF be Launched This Month? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst on the publicly listed digital asset dealer GlobalBlock .

Bitcoin has damaged the $24,000 stage once more this morning and is now up 37% in 8 weeks. It appears clear that the primary 4 charge hikes and a technical recession have been priced into risk-on belongings, as there was large and persistent promote stress in anticipation of the occasions/information.

Giants like BlackRock and Wells Fargo demonstrated their bullish stance on Bitcoin final week, with Wells Fargo saying cryptocurrencies have advanced into a legitimate portfolio possibility.

ARK Invest, a U.S. funding administration agency with $50 billion of belongings beneath administration, has remained extremely bullish on Bitcoin all through this downtrend. ARK CEO, Cathie Wood, stated final month she believes that Bitcoin mining will “turbocharge” photo voltaic and wind vitality. ARK’s current report confirmed that the U.S. was Bitcoin’s largest purchaser in July, and that a restoration path has been paved for Bitcoin as leverage is unwinding.

This month is especially attention-grabbing for ARK, because the SEC has pushed its resolution on ARK’s Bitcoin ETF utility from July to August. If this ETF utility is accepted by the SEC (which appears unlikely given the variety of rejections to date) this is able to be a outstanding tailwind for Bitcoin.

There are some indicators that may inform us whether or not it’s seemingly that the SEC will approve an utility quickly. Firms normally replace their proposals once they all the pieces is ready to launch. We can see that there’s an Ark Invest submitting for a Bitcoin futures ETF with an assigned ticker, and Valkyrie have up to date its personal ETF prospectus with a ticker. This offers us a sign that one other Bitcoin Futures ETF could be authorised quickly.

Related posts

OpenSea Freezes Stolen Bored Apes, Sees Backlash for Lack of Decentralization

Crypto Advisor

Bitcoin and blockchain will be the biggest gambling trends in 2022

Crypto Advisor

Coinbase has “Hidden Value” in Venture Investments, Says Oppenheimer Analyst

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 20,148.40 0.24%
ethereum
Ethereum (ETH) $ 1,360.25 1.14%
tether
Tether (USDT) $ 1.00 0.02%
usd-coin
USD Coin (USDC) $ 1.00 0.02%
bnb
BNB (BNB) $ 294.25 0.65%
binance-usd
Binance USD (BUSD) $ 0.999795 0.03%
cardano
Cardano (ADA) $ 0.430616 0.35%
xrp
XRP (XRP) $ 0.496277 3.31%
polkadot
Polkadot (DOT) $ 6.43 0.89%
solana
Solana (SOL) $ 33.96 0.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 0.43%
dogecoin
Dogecoin (DOGE) $ 0.065173 0.91%
staked-ether
Lido Staked Ether (STETH) $ 1,354.11 1.18%
matic-network
Polygon (MATIC) $ 0.8413 1.70%
tron
TRON (TRX) $ 0.062657 0.50%
dai
Dai (DAI) $ 1.00 0.01%
avalanche-2
Avalanche (AVAX) $ 17.30 0.80%
ethereum-classic
Ethereum Classic (ETC) $ 28.33 2.37%
leo-token
LEO Token (LEO) $ 4.15 1.08%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 20,163.40 0.21%
uniswap
Uniswap (UNI) $ 6.85 4.46%
litecoin
Litecoin (LTC) $ 54.52 0.55%
cosmos
Cosmos Hub (ATOM) $ 12.96 0.88%
okb
OKB (OKB) $ 15.63 1.26%
ftx-token
FTX (FTT) $ 24.85 0.28%
terra-luna
Terra Luna Classic (LUNC) $ 0.000296 2.04%
near
NEAR Protocol (NEAR) $ 3.67 0.40%
chainlink
Chainlink (LINK) $ 7.84 2.33%
crypto-com-chain
Cronos (CRO) $ 0.110459 0.46%
monero
Monero (XMR) $ 145.11 0.14%
stellar
Stellar (XLM) $ 0.118897 0.39%
bitcoin-cash
Bitcoin Cash (BCH) $ 121.46 0.63%
algorand
Algorand (ALGO) $ 0.355304 0.78%
flow
Flow (FLOW) $ 1.69 0.57%
vechain
VeChain (VET) $ 0.023761 1.00%
eos
EOS (EOS) $ 1.18 0.60%
internet-computer
Internet Computer (ICP) $ 6.03 0.69%
filecoin
Filecoin (FIL) $ 5.57 0.95%
chain-2
Chain (XCN) $ 0.068922 4.29%
frax
Frax (FRAX) $ 1.00 0.15%
hedera-hashgraph
Hedera (HBAR) $ 0.0582 1.45%
decentraland
Decentraland (MANA) $ 0.705231 0.46%
apecoin
ApeCoin (APE) $ 5.25 1.16%
the-sandbox
The Sandbox (SAND) $ 0.85413 0.63%
tezos
Tezos (XTZ) $ 1.44 0.60%
quant-network
Quant (QNT) $ 139.83 2.42%
axie-infinity
Axie Infinity (AXS) $ 12.92 1.22%
aave
Aave (AAVE) $ 78.61 1.79%
lido-dao
Lido DAO (LDO) $ 1.56 1.18%
elrond-erd-2
Elrond (EGLD) $ 55.10 0.74%
theta-token
Theta Network (THETA) $ 1.09 2.78%
true-usd
TrueUSD (TUSD) $ 1.00 0.08%
chiliz
Chiliz (CHZ) $ 0.215821 1.13%
bitcoin-sv
Bitcoin SV (BSV) $ 49.20 0.21%
compound-usd-coin
cUSDC (CUSDC) $ 0.022675 0.02%
paxos-standard
Pax Dollar (USDP) $ 0.999281 0.01%
kucoin-shares
KuCoin (KCS) $ 9.13 0.01%
bittorrent
BitTorrent (BTT) $ 0.00000079670246 1.62%
ecash
eCash (XEC) $ 0.000043 1.80%
the-graph
The Graph (GRT) $ 0.10093 1.56%
iota
IOTA (MIOTA) $ 0.272333 1.29%
zcash
Zcash (ZEC) $ 56.23 1.95%
huobi-btc
Huobi BTC (HBTC) $ 20,290.44 0.21%
usdd
USDD (USDD) $ 1.00 0.03%
huobi-token
Huobi (HT) $ 4.16 1.07%
evmos
Evmos (EVMOS) $ 1.69 11.17%
havven
Synthetix Network (SNX) $ 2.29 0.69%
cdai
cDAI (CDAI) $ 0.02208 0.06%
maker
Maker (MKR) $ 833.20 0.10%
bitdao
BitDAO (BIT) $ 0.480956 0.30%
klay-token
Klaytn (KLAY) $ 0.191397 1.71%
neutrino
Neutrino USD (USDN) $ 0.972902 0.62%
fantom
Fantom (FTM) $ 0.224928 0.37%
compound-ether
cETH (CETH) $ 27.29 0.94%
neo
NEO (NEO) $ 8.74 0.18%
helium
Helium (HNT) $ 5.32 0.96%
gatechain-token
Gate (GT) $ 4.44 1.09%
defichain
DeFiChain (DFI) $ 0.70067 0.01%
radix
Radix (XRD) $ 0.060526 2.32%
celsius-degree-token
Celsius Network (CEL) $ 1.29 4.50%
pax-gold
PAX Gold (PAXG) $ 1,708.19 0.25%
pancakeswap-token
PancakeSwap (CAKE) $ 4.71 0.24%
thorchain
THORChain (RUNE) $ 1.64 1.65%
osmosis
Osmosis (OSMO) $ 1.08 0.75%
zilliqa
Zilliqa (ZIL) $ 0.03157 0.42%
enjincoin
Enjin Coin (ENJ) $ 0.454324 0.52%
nexo
NEXO (NEXO) $ 0.895376 0.50%
arweave
Arweave (AR) $ 9.49 0.33%