ETF – pressnews

[ad_1] Bitcoin dropped below $29,000 for the first time in over a month as the recent exorbitance over ETFs and a more favourable regulatory outlook eases.The largest digital-asset by market value fell as much as 4.2% to $28,865, the least since June 21. Bitcoin is up around 75% this year. Most other tokens were also lower on Monday, with recent high-flyer XRP down about 7% and Solana off 8%. “After a sharp rally spurred by spot ETF excitement, Bitcoin has consolidated for over a month around $30,000 as the market awaits incremental information regarding the probability of the myriad of filings coming to fruition,” said Spencer Hallarn, a derivatives trader at crypto investment firm GSR. The recent jump in Bitcoin coincided with a raft of filings for Bitcoin exchange-traded funds in the...

[ad_1] Historic turmoil in cryptocurrency markets sparked by FTX’s implosion hasn’t stopped one funds issuer from moving forward on a new investment product tied to Bitcoin. Historic turmoil in cryptocurrency markets sparked by FTX's implosion hasn't stopped one funds issuer from moving forward on a new investment product tied to Bitcoin.Bitwise on Wednesday filed an application to launch the Bitcoin Strategy Optimum Yield ETF, which would trade under the ticker BITC. The fund would offer managed exposure to Bitcoin futures contracts traded on the CME, and investments in short-term debt securities, according to the filing. It would not hold the token directly as the US Securities and Exchange Commission has yet to approve such a product. The filing did not specify how much the fund wo...

Tag: ETF

Bitcoin Drops Below $29,000 for the First Time in Over a Month

Bitwise files for Bitcoin futures ETF despite crypto ‘Dark Days’