Bitcoin Tops $37K for First Time Since May 2022 as Short Squeeze Bumps Prices Amid BTC ETF Optimism
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
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Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
The Securities and Exchange Commission (SEC) has one last short window, an eight-day period starting Thursday, if it wants to approve all 12 spot bitcoin (BTC) ETF applications this year, Bloomberg analysts wrote in a note on Wednesday.
In this week’s issue of Crypto for Advisors, learn why direct ownership of crypto may be in the best interest of the client.
Today in Crypto for Advisors Roxanna Islam from VettaFi discusses the current crypto ETF market with a focus on Eth futures performance.
An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.
BTC’s price hasn’t seen these lofty levels since May 2022, when the cryptocurrency industry was just starting to get pummeled by scandals.
Bitcoin forks led gains in the past 24 hours, outpacing major tokens.
Andy Baehr, head of CoinDesk Indices discusses scenarios that could be the drivers of mass adoption in crypto.
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
The fund’s new strategy to combine ether and bitcoin will be effective formally on Oct. 3.