Bitcoin (BTC) Will See A Major Exchange-Traded Fund (ETF) Approved In 2018
This year, bitcoin has increased 1,300%. much if the cryptocurrency has had a remarkable year since the beginning of 2018, things may become much better as the year goes on.
There are Bitcoin ETFs on the way to a market near you.
Actually, the SEC has already cleared one and is still awaiting clearance for another.
Two ETFs for Bitcoin futures contracts have already been authorized; these contracts let investors trade in and out of those assets using conventional financial instruments like equities and bonds.
With their shares registered on important American exchanges like Nasdaq and CBOE Global Markets, Bitcoin ETFs are now set to launch.
Early in December 2018, nearly precisely two years after the Winklevoss twins first submitted their application to the Securities and platform Commission (SEC), VanEck-SolidX will issue the first Bitcoin ETF on the Nasdaq platform.
The fund is expected to be priced at $200 million per share, which is more than the current spot price of Bitcoin but is probably justified by the expected future growth and stability of the cryptocurrency markets as a whole.
The blockchain industry has seen a lot of new entries. However, the MKR token has been on a hot streak courtesy of the upcoming introduction of its South Korean version, SubDAO.
The United States-based crypto mining operator Marathon Digital Holdings produced 1,072 Bitcoin in August — 9% less than in July but five times more than in August 2022.
What was going to happen if Bitcoin (BTC) kept compressing above the 20-period MA on higher timeframes? And what would happen if it broke back into a new ascending trend from here?
According to a report by Decrypt, in episode 5 of The Aarthi and Sriram Show, Vitalik Buterin revealed that despite Bankman-Fried’s prominence in mainstream media, many within the crypto space had reservations about him from the outset.
The cryptocurrency exchange is rumored to be in possession of $81.63 million of ether. The source claims that Voyager has shifted more than 250 billion tokens (worth $2.7 million) and 1,500 ETH valued at $2.77 million to the Coinbase exchange.
Today's Bitcoin price prediction is looking toward the future. Much like other sectors of modern finance, technology has been revolutionizing key aspects of our economy. From payment processing to securities trading, there are few areas of human activity that have yet to be disrupted by cryptocurrencies.
The weekend began with little movement in Bitcoin markets, which remained stuck near $29,500.
Investors watched the expansion of the network in South Korea, one of the biggest players in the crypto industry. The MKR token jumped to a high of $1,150 on Thursday, the highest level since August 16th. It has soared by more than 17% from the lowest level in August.
The short-term trend line that runs through the Bitcoin chart suggests that the asset is likely to test this level again in the near future. In addition, many analysts are engaged in a debate over whether institutional money will flood into Bitcoin and dampen price volatility if it sees a drop below $20,000.
While net positions remained largely unchanged over the past weekend, volatility was generally buttoned up as trading activity chilled by comparison to recent weeks.