Bitcoin has been moving sideways during the day as it was rejected north of $63,000. As of press time, BTC’s price trades at $62,698 with a 1% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview However, Bitcoin could see some action in the short term. The benchmark crypto … Read moreBitcoin Futures Heating Up, Why BTC Traders Should Expect Volatility
Investors pumped a record $1.47 billion of new money into digital asset investment products last week, fueled by a rally in cryptocurrencies and the launch of the first bitcoin futures exchange-traded fund, a report Monday by CoinShares showed. The increase in flows came as bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, surged to … Read moreCrypto Fund Inflows Hit Record $1.5B as Bitcoin Futures ETFs Go Live
ProShares, the sponsor of the first-ever exchange-traded fund (ETF) backed by bitcoin futures, has applied for a waiver to limits the amount of bitcoin futures a buyer can purchase in the new fund, Barron’s reported. Starting with the November front-month contract, the Chicago Mercantile Exchange (CME) will limit the amount of futures that a buyer … Read moreProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report
