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Bitcoin ETF’s successful trading debut in the US

Bitcoin officially joins the US Stock Exchange

Bitcoin has been officially approved by the US Stock Exchange – on October 19, the world’s first trading of the Bitcoin Strategy ETF was successfully launched in New York. In two days of trading, Bitcoin assets managed by the exchange-traded fund exceeded $1 billion. The Bitcoin Strategy ETF thus became the first US exchange-traded fund to be officially approved for Bitcoin contracts.

An Exchange Traded Fund (ETF) is a type of investment fund that includes a specific asset or bundle of assets and issues securities that reflect changes in the asset’s (in this case, Bitcoin’s) value.

With such a promising start, the Bitcoin ETF has all the chances to become a highly sought-after financial tool that will allow more investors to indirectly participate in the market without the need to hold cryptocurrency and thus will provide more convenient access to various assets.

The launch of the Bitcoin fund could be one of the reasons for the strengthening of BTC’s position: on October 20, the price of Bitcoin set a new all-time high record, exceeding the $67,000. Today, the market capitalization of Bitcoin already exceeds $1.22 trillion, according to CoinGecko, and continues to grow steadily.

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O Bitcoin vale ouro!
Notícias da indústria

O Bitcoin vale ouro!

Parece que o Bitcoin tornou-se o ouro digital de 2020. Tal afirmação pode ser feita com base nas tendências e correlações no mercado de futuros. Segundo os dados do Coin Metrics, a correlação positiva entre o BTC e o ouro tem aumentado desde o início de julho e está agora em um nível recorde, acima de 0,5. A susceptibilidade da criptomoeda aos movimentos dos ativos de risco, principalmente ações, pode diminuir. Além disso, o hashrate do Bitcoin tem batido recordes, aproximando-se dos 150 exahashes por segundo. Nada mau, não é?
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