Six months following its application with the Australian Securities Exchange (ASX), BetaShares is now close to launching a new crypto-focused exchange-traded fund (ETF). According to a Wednesday announcement, the official name of the Aussie ETF manager’s new product is BetaShares Crypto Innovators ETF. After relevant regulatory approvals, it would trade under the ticker symbol CRYP on the ASX. As with the similar Bitcoin (BTC) or crypto-focused ETFs, BetaShares’ fund aims to provide a level of crypto exposure to institutional investors looking to invest in cryptocurrencies indirectly. The new fund will track the Bitwise Crypto Industry Innovators Index, which launched in …

Crypto asset investors may have a longer wait for a Bitcoin (BTC) futures exchange-traded product according to Todd Rosenbluth, senior director of exchange-traded funds (ETF) and mutual fund research at research firm CFRA. Speaking on CNBC’s ETF Edge on Monday, Rosenbluth stated that while a Bitcoin futures product is likely to be the first crypto ETF to gain approval, he cautioned that the current clouded regulatory situation could cause further delays. There are more than 20 crypto asset-based exchange-traded products waiting for approval from the United States Securities and Exchange Commission, and the regulator is yet to pass any, instead …

Ethereum’s native token, Ether (ETH), rallied by more than 15% in the first 12 days of October. But, compared to Bitcoin’s (BTC) 30% gains in the same period, the second-largest cryptocurrency is currently in a downtrend when priced in BTC. So far into October (and the fourth quarter of 2021), the ETH/BTC exchange rate has plunged by over 12%, reaching 0.060215 BTC for the first time in more than two months on Oct. 12. The drop also pushed ETH/BTC below one of its longest-standing support zones, the 200-day exponential moving average (200-day EMA; the orange wave), as shown in the …

Institutional investors are continuing to pile into Bitcoin (BTC) despite prices pushing up to a five-month high. According to CoinShares’ Tuesday “Digital Asset Fund Flows Weekly” report, more than $226 million in capital flowed to institutional Bitcoin products this past week. Bitcoin products dominated inflows for the third consecutive week, posting a week-over-week increase of 227%. The heavy inflows coincided with the price of BTC gaining 12.5% for the week, with BTC sitting at around $54,000 on Friday. CoinShares attributes the positive shift in sentiment toward Bitcoin to recent statements from United States Securities and Exchange Commission Chairman Gary Gensler …

Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours. BTC’s price beats Wednesday’s high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum. Wednesday’s dramatic uptick had topped out at $55,800, this remaining the level to beat as the pair then spent Thursday consolidating. I think we have another $BTC pump coming right away. A brutal one, if I must say. — Galaxy (@galaxyBTC) October 7, 2021 Amid anticipation of fresh upside from traders, talk beyond price action continued …

The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC). The exchange-traded fund, which was approved on Tuesday, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that hold a majority of their net assets in BTC or derive a majority of their earnings from Bitcoin mining, lending or transacting, according to an SEC filing. Eighty percent of the fund's holdings will be allocated to such companies, the prospectus states. The new ETF …

A surge in Bitcoin (BTC) prices today may be in response to increased speculation that an exchange-traded product could finally be approved in the coming weeks. BTC prices are up 7% over the past 24 hours and have surged a whopping 32% over the past week, according to CoinGecko. This bullish price action for BTC only may be a form of front-running by big bag holders in anticipation of a futures exchange-traded fund (ETF) approval by the United States Securities and Exchange Commission. On Thursday, Bloomberg senior analyst Eric Balchunas responded to an exclamation from founder and partner at Morgan …

In stock markets and the crypto sector, traders are always looking for a definite reason to explain an asset’s price action, which means it’s important to stress that correlation doesn’t imply causation. While it may be easy to connect a regulatory statement or pending legislation to the outcome of an asset’s price, there’s not always hard proof that these were the exact drivers. Some indicators described below may have happened due to pure luck, even if the coincidence continues throughout history. For example, Bitcoin’s (BTC) pump to $48,200 on Oct. 1 could have been related to the Sept. 30 remarks …

A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form. In comments this weekend, senior ETF analyst for Bloomberg Eric Balchunas said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light. Bitcoin futures ETFs "very much alive" October began with the Securities and Exchange Commission (SEC) announcing a frustrating yet not uncommon delay to their decision on whether or not to approve Bitcoin ETFs. The various applications, instead of being allowed or denied this month, will now begin to be processed in November. According to …

Brazil Stock Exchange (B3), one of the world’s few exchanges trading Bitcoin (BTC) exchange-traded funds, is exploring ways to provide data inputs for the country’s central bank digital currency, or CBDC. Luis Kondic, managing director of listed products and data at B3, claimed that the stock exchange is considering providing oracles to bridge external data with Brazil’s projected CBDC, the digital real. The executive provided his remarks at a CBDC-related online event hosted by the Central Bank of Brazil on Thursday, Cointelegraph Brasil reported. “We are looking at it and evaluating the best ways to interact and participate in this …

The United States Securities and Exchange Commission has extended the deadline of four Bitcoin exchange-traded funds (ETF) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications. The approval of four Bitcoin (BTC) ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF — was rescheduled to Nov. 21, Dec. 8, Dec. 11 and Dec. 24, respectively. In its official statement, the SEC outlined: “The Commission finds that it is appropriate to designate a longer period within which to take action on the …

"Don't fight the trend" is an old saying in the markets, and there are other variants of the phrase like "never catch a falling knife." The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn't matter whether one is trading soy futures, silver, stocks or cryptocurrencies. Markets generally move in cycles, which can last from a few days to a couple of years. In Bitcoin's (BTC) case, it's hard for anyone to justify a bullish case by looking at the chart below. …