Baxia Markets
By
October 19, 2021

Bitcoin ETF to make its debut on Tuesday

fundamental analysis top header -01

 

According to Coin Metrics, the price of bitcoin increased by more than 2% on Monday to $62,041.84. Many investors are waiting to see if bitcoin can break beyond $64,800 and set a new all-time high this week. Bitcoin futures ETFs will also be a significant regulatory achievement for the still-developing cryptocurrency industry, which has long battled to establish itself in the highly regulated financial world. Four additional exchange-traded funds (ETFs) are expected to start trading this month. It's possible that Invesco's will arrive this week.

 

btc1018

 

Investing in a futures-based ETF isn't the same as investing in bitcoin directly. A futures contract is a contract to purchase or sell an item at a predetermined price at a future date. A futures-based ETF tracks the price of cash-settled futures contracts rather than the asset's price. ProShares, Valkyrie, Invesco, and Van Eck have all submitted bitcoin futures ETFs for evaluation in October. If the SEC does not intervene within 75 days of their papers being filed, they will be allowed to proceed with their listing.

 

We love to hear new ideas from traders and want to know what you think! 

 

If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

 

Open Live Account  

 

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

 

Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. 



Subscribe by Email