Eric Balchunas, a well-known ETF analyst of Bloomberg Intelligence has outlined a possible sequence of events to watch out for regarding Bitcoin ETF approvals in the United States.
Potential Bitcoin ETF Approval Sequence
Balchunas shared his thoughts in a recent thread on the X platform when asked about the potential timeline for the launch of a Bitcoin ETF. Balchunas acknowledged the pres...
In a significant development, the open interest in Bitcoin (BTC) futures, specifically those offered by the Chicago Mercantile Exchange (CME), has witnessed a notable surge. Meanwhile, this surge in open interest not only reflects increasing engagement in Bitcoin futures trading but also hints at potential shifts in the broader cryptocurrency market.
So, let’s explore the recent data on BT...
James Seyffart, ETF research analyst, Bloomberg Intelligence, predicted that the U.S. Securities and Exchange Commission (SEC) may potentially be ready with a decision on spot Bitcoin ETF approval as soon as November 8, 2023 until November 21 for various filings. However, he has predicted with a 90% probability the conservative deadline before which the Commission could approve a bunch of ...
The market has no mercy on Bitcoin (BTC) short traders as a new uptrend is brewing in response to the rise in Open Interest (OI) observed overnight. This trend was predicted by market analyst CrediBULL Crypto who noted that the trends around Bitcoin volume have set the stage for a nice squeeze that can drive price upward.
Bitcoin (BTC) Resilience Hurting Short Sellers
The current price act...
Custodia Bank on Tuesday said it has received regulatory approval for a Bitcoin custody platform. The Bitcoin custody service is now live, offering segregated (not omnibus) custody accounts. The Wyoming Division of Banking recently provided Custodia Bank with approval to introduce a Bitcoin custody service.
Custodia Bank Receives Regulatory Approval For Bitcoin Custody Service
Custodia Ban...
The crypto prices today were mixed in the early trading session on Tuesday, November 7, as seen by the price fluctuations in many of the major cryptos. However, the broader market has shown resilience despite a decline in the Bitcoin price, suggesting that the investors might be shifting their focus on the altcoins.
The largest crypto by market cap, Bitcoin, has been on the investors’ rada...
Eric Balchunas, a renowned Bloomberg Exchange Traded Fund (ETF) Analyst recently took to the X platform to address a potentially misleading post about Bitcoin ETF.
The Misleading Bitcoin ETF Post
The post in question came from crypto investor Mike Alfred. The post reads;
“BREAKING: Several inside SEC sources are now confirming that the agency will attempt to create a level playing fie...
Platform providing Bitcoin financial services, 21Bitcoin secured a huge funding of €2.1 Million. The funding was made by German Banking Titan Volksbank Raiffeisenbank Bayern Mitte eG,
On November 6, 21Bitcoin took to Twitter and shared the update officially, confirming the funds from one of Germany’s most established banks.
Volksbank Raiffeisenbank Bayern Mitte Believes in Potential of...
The crypto prices today were mixed at the start of the week, indicating that investors are still putting their bets on the riskier assets. Meanwhile, the recent positive momentum in the market is accompanied by several positive catalysts like speculations over Bitcoin Spot ETF approval and, the Fed pausing the interest rate hikes, among others.
It seems that the investors have regained con...
Bitcoin (BTC) price is defying all odds to stay in a positive trading range over a weekend many anticipated a broad market correction. The premier coin is priced at $35,121.91, up by 1.28% in the past 24 hours.
While there is a visible volatility in Bitcoin’s price as gleaned from the charts, the sustained buying momentum, marked by the 16% jump in trading volume positions the crypto in a...
