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Now that futures ETF is a reality, does the future look any different for Bitcoin
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ambcrypto.comAfter weeks of speculation and anticipation, Bitcoin ETF is finally a reality for the American financial markets. The first Bitcoin ETF was proposed back in 2013 and after multiple rejections over the years, the SEC has finally green signaled its approval.
The approved ProShares Bitcoin Strategy ETF will give investors exposure to bitcoin futures contracts. And this investment product will be listed under the “BITO” ticket starting today, that is, 18 October, 2021.
At press time, crypto sentiment surrounding BTC is extremely positive even as the asset continues to consolidate above $60,000. However, the immediate impact of the BTC ETF might not be as expected. The approval of an ETF is a win but there are certain things that need to be
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