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Veteran Trader Peter Brandt Labels Bitcoin ETF a ‘Classic Buy the Rumor, Sell the News Event’
10.1.2024
According to the veteran trader Peter Brandt, the current bitcoin exchange-traded funds (ETF) hype which has seen the “average guy on the street” clamoring to get may be a signal to experienced traders that it is time to sell them what they own. Brandt also characterized the expected...
Why approving a Bitcoin ETF might unleash $18 billion in sell-pressure
30.6.2023
Grayscale GBTC Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin
New SEC Filings Give the Impression US Regulators Approved a Bitcoin Futures ETF
16.10.2021
The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed...
Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange
12.2.2021
The first bitcoin exchange-traded fund (ETF) in North America has been approved to launch in Canada. Purpose Bitcoin ETF, an alternative mutual fund, is expected to list and trade on the Toronto Stock Exchange. With this approval, the U.S. has fallen behind Canada in approving a bitcoin ETF. First...
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US
12.1.2021
JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say....