On Tuesday, the first cryptocurrency exchange-traded fund, the ProShares Bitcoin Strategy Fund (BITO) debuted on the New York Stock Exchange. It made 23.1 million shares traded, or nearly $950 million when the session closed. BITO has become the second-highest ETF in the opening day volume. It reflects the great demand of individual investors and advisors who are looking for prudent ways to get exposure to Bitcoin.
More Investments in Crypto
COO of Solidus Labs, Chen Arad, said that the well-performed Bitcoin ETF gives a strong signal of adoption of BTC and crypto as a whole by the market, which could lead to general price increases.
Sharing the same opinion, Michael Sonnenshein, CEO of Grayscale, remarked that the SEC was getting more relaxed on the idea of cryptocurrencies. It will only be a matter of time before the ETH ETF is approved by the Securities and Exchange Commission.
How High Will Bitcoin Be in 2021?
As Bitcoin surged high to $64000 after the approval of Bitcoin ETF, investors may wonder how high Bitcoin will hit within the year. Wall Street Strategist Tom Lee made a bold prediction. He believes the BTC price would hit the $100,000 mark and added that the asset could go as high as $168,000 by the end of this year. Although the Bitcoin price will be hyper-volatile in the coming months, Lee suggests that would create a reward for people.
Small Trades Make Great Rise
With more crypto ETF approvals in the future, more individual investors will grant a portion of their portfolios to this market. Eric Balchunas, a senior ETF analyst at Bloomberg, found that most of the half a billion in the volume of new BTC exchange-traded fund are small trades.
In other words, lots of traders are beginning to adopt cryptocurrency investment. The inflow of Bitcoin ETFs will translate into a higher value for the cryptocurrency itself. So how can we gain profits in this bullish cycle?
Now, Bexplus cryptocurrency exchange currently provides 100x leverage for investors to make more profit on small trades. Learn more about Bexplus 100x leverage below.
More Profits with 100x Leverage
Bexplus offers a 100x leverage tool so that traders can open a position with only a 1% margin required. Take an example, a trader opens a long position of 10 BTC at the price of $60,000 with Bexplus 100x leverage. Then, the price goes up to $65,000. As a result, he will make a profit of ($65,000 – $60,000) * 10 BTC / $65,000 = 0.7542 BTC (fee included). However, the margin he needs to prepare is only 0.1 BTC. That makes 754.2% ROI in total. That’s how traders make more profit with the 100x leverage tool provided by Bexplus.
Get to Know Bexplus
Bexplus is a cryptocurrency trading platform that serves investors all around the world. One may trade BTC, ETH, DOGE, ADA, XRP pairs with 100x leverage tool. Established in late 2017, Bexplus aims to provide safe and professional services for traders around the world. Registered in Saint Vincent and the Grenadines, headquartered in Hong Kong, Bexplus has branches in Singapore, Japan, the US, and Brazil and is accredited by MSB (Money Services Business).
NO KYC Required
Investors can register a Bexplus account with their email address only. Bexplus follows NO KYC principles and will not collect your private information. Traders from the United States and Japan can also invest in the Bexplus platform.
1:1 Deposit Bonus
Users will get a 100% deposit bonus of up to 10 BTC. Though the bonus funds cannot be withdrawn, traders can open a larger position with it. What’s more, the profit it yields is withdrawable.
10 BTC Trading Simulation
For novices in crypto trading, they can learn how to trade different crypto coins with 10 virtual BTC in the trading simulation system. If you are a professional dealer, you can also use this tool to practice your technique without losing real money.
BTC Wallet with 21% Annual Interest
If you are not interested in risking the fluctuating market, you may deposit BTC to Bexplus wallet. Depending on the amount of deposit, you can get up to 21% of the annual interest from it.
24/7 Withdrawal and Customer Service
Users can submit a withdrawal request anytime they want. In general, the process will be done within hours during working hours. If traders encounter other problems with Bexplus, they can get help from online customer service 24/7.
No matter if you are a newcomer or an experienced investor, Bexplus is the best choice for you to trade BTC, ETH, ADA, DOGE, and XRP with 100x leverage. Sign up now！
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