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Price analysis 10/18: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
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cointelegraph.comProShares Bitcoin Strategy ETF will enter the history books on Oct. 19 when it starts trading on the New York Stock Exchange under the ticker BITO.
Market participants are likely to watch the volumes on the ETF closely to gauge the amount of participation from institutional investors. If the response is tepid for a few days, short-term traders may be tempted to book profits, but the bullish momentum may pick up further if demand remains strong.
The latest CoinShares report for the week ending Oct. 17 shows that institutional inflows into crypto products has pushed the total assets held by institutional managers to a new record high of $72.3 billion. Of the total inflow of $80 million during the week, Bitcoin products attracted the lion’s
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