Bitcoin ETF fever sends BTC to heights not seen since May 2022
As Bitcoin breaks past $35,000, optimism brews in the crypto market. Is this the end of the prolonged ‘crypto winter’ investors have dreaded?
As Bitcoin breaks past $35,000, optimism brews in the crypto market. Is this the end of the prolonged ‘crypto winter’ investors have dreaded?
Bitcoin gained over 10% this past week, boosted by Grayscale’s renewed spot Bitcoin ETF application.
Grayscale said that its fund is ready to operate as an ETF upon regulatory approval.
Bitcoin briefly spiked to US$29,388 after the fake post, before tracing back the gains.
A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.
Bitwise Asset Management, a U.S.-based cryptocurrency index fund, announced that its two Ethereum futures exchange-traded funds (ETFs), the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will start trading on Monday, Oct. 2. See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024…
Toncoin led losses among top 10 cryptos. Bitcoin dropped while Ether rose marginally.
Europe’s first spot Bitcoin ETF ushers in an era where traditional finance and crypto are converging, setting the stage for digital assets to become mainstays in the economy.
Bitcoin returned to US$26,000 on Friday, bolstered by Ark Invest’s Ether ETF application and Grayscale’s continued efforts for its potential Bitcoin ETF.
The general public does not know this yet, but there is no longer any doubt that a Bitcoin spot ETF will come to the US market, writes Charlie McGlynn of XREX. It’s just a matter of when.