Today news
About the same in other media
Wall Street jinx? Traders weight 'sell the news' potential after Bitcoin ETF launch
Reading now: 597
Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first day, while BTC price rallied to a new record high of $67,000.
But the spot gains did not stay for too long with BTC paring some gains going into the weekend.
Bitcoin price corrected by almost 11% from its all-time high to reach levels below $60,000 on Saturday, raising fears about selloffs that typically come after the launch of major crypto derivatives products on Wall Street.
Nunya Bizniz, an independent market analyst on Twitter, recalled two of such major events: the listing of the first
Read more on cointelegraph.comAbout this in other media
BlockFi partners with Neuberger Berman to launch crypto ETFs cointelegraph.com /3 years ago
Why now? SEC took eight years to authorize a Bitcoin ETF in the US cointelegraph.com /3 years ago
We haven’t even begun to tap into the potential of NFTs cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
