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Bitcoin Pops On Expectation of BTC Futures ETF Approval By SEC

Bitcoin Pops On Expectation of BTC Futures ETF Approval By SEC



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3 Comments

  1. Not good. The ETF has been expected for some time now. If people are suddenly fomo-ing in last minute because they think it’ll happen next week then they will probably bail out when the ETF gets pushed into 2022

  2. tldr; The SEC is reportedly set to approve two Bitcoin futures-linked exchange-traded funds. The news sent Bitcoin more than 4% higher in under an hour, to $59,400. If approved, it would be the first Bitcoin-tied ETFs approved in the U.S.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. I’ve been doing reading on ETFs, and it’s confusing me. Is anyone able to eli5 why you’d want to trade in something based on Bitcoin, but you don’t actually get Bitcoin?

What do you think?

Total Crypto Market Cap Nears All-Time High, Bitcoin Dominance Slips

Total Crypto Market Cap Nears All-Time High, Bitcoin Dominance Slips

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