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Spot Bitcoin ETF Exempted As Options Trading Opens For Inverse Funds 🚨 Latest ETF Products on The Block On Thursday, REX Shares and Tuttle Capital Management (T-REX) announced a new product for their trading ETF lineup. The firms stated that options are now available exclusively for their T-REX ETFs. This includes the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ) for sophisticated traders. In the firm’s opinion, this exclusive offering affords Bitcoin investors the avenue to engage in the market with greater flexibility and strategic depth. Noteworthy, both ETFs are targeted at investors who are interested in Bitcoin but they cater to different needs. The BTCL focuses on traders that are quite optimistic about Bitcoin, provided with an opportunity to boost their daily return. On the other hand, BTCZ are for those traders who seek profit from a plunge in Bitcoin price. This enables sophisticated strategies in both rising and falling markets. Additionally, President of ETFStore Nate Geraci pointed to the fact that the offering was in no way connected to spot Bitcoin ETF. In a note to its community, REX Shares and Tuttle Capital Management highlighted that it expects a surge in interest from its trading community. “We strongly encourage all traders to approach this exclusive offering with diligence, ensuring they are well-informed about the unique characteristics and risks associated with trading options for these specialized ETFs.” SEC Remains Silent on Spot Bitcoin ETF Options Trading Meanwhile, several spot Bitcoin ETF issuers have been seeking the SEC’s approval for spot Bitcoin ETF options for a very long time. #SOFR_Spike #ETFvsBTC #CPI_BTC_Watch #SpotETFTrading
Spot Bitcoin ETF Exempted As Options Trading Opens For Inverse Funds 🚨

Latest ETF Products on The Block
On Thursday, REX Shares and Tuttle Capital Management (T-REX) announced a new product for their trading ETF lineup.

The firms stated that options are now available exclusively for their T-REX ETFs. This includes the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ) for sophisticated traders. In the firm’s opinion, this exclusive offering affords Bitcoin investors the avenue to engage in the market with greater flexibility and strategic depth.

Noteworthy, both ETFs are targeted at investors who are interested in Bitcoin but they cater to different needs. The BTCL focuses on traders that are quite optimistic about Bitcoin, provided with an opportunity to boost their daily return. On the other hand, BTCZ are for those traders who seek profit from a plunge in Bitcoin price. This enables sophisticated strategies in both rising and falling markets.

Additionally, President of ETFStore Nate Geraci pointed to the fact that the offering was in no way connected to spot Bitcoin ETF.

In a note to its community, REX Shares and Tuttle Capital Management highlighted that it expects a surge in interest from its trading community.

“We strongly encourage all traders to approach this exclusive offering with diligence, ensuring they are well-informed about the unique characteristics and risks associated with trading options for these specialized ETFs.”

SEC Remains Silent on Spot Bitcoin ETF Options Trading
Meanwhile, several spot Bitcoin ETF issuers have been seeking the SEC’s approval for spot Bitcoin ETF options for a very long time.

#SOFR_Spike #ETFvsBTC #CPI_BTC_Watch #SpotETFTrading
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📈 Arthur Cheong, CEO of DeFiance Capital, predicts Ethereum could hit $4500 pre-spot ETF trading. This sparked excitement in the crypto community. Spot ETF trading might boost Ethereum's accessibility and liquidity, but market outcomes are uncertain. Stay tuned for updates! 🚀 #Ethereum #SpotETFTrading
📈 Arthur Cheong, CEO of DeFiance Capital, predicts Ethereum could hit $4500 pre-spot ETF trading. This sparked excitement in the crypto community. Spot ETF trading might boost Ethereum's accessibility and liquidity, but market outcomes are uncertain. Stay tuned for updates! 🚀 #Ethereum #SpotETFTrading
Here are the predictions for Bitcoin's value in the next 24 hours Follow us for more signals and predictions $BTC #bitcoin #FutureOfTrading #SpotETFTrading - May 31, 2024: $71,000 - June 1, 2024: $70,015 - June 2, 2024: $69,771 - June 3, 2024: $70,723 - June 4, 2024: $70,366 - June 5, 2024: $69,898 - June 6, 2024: $69,533 - June 7, 2024: $69,216 - June 8, 2024: $68,498 - June 9, 2024: $68,382 Please note that these are only predictions and should not be taken as investment advice.
Here are the predictions for Bitcoin's value in the next 24 hours
Follow us for more signals and predictions
$BTC #bitcoin #FutureOfTrading #SpotETFTrading
- May 31, 2024: $71,000
- June 1, 2024: $70,015
- June 2, 2024: $69,771
- June 3, 2024: $70,723
- June 4, 2024: $70,366
- June 5, 2024: $69,898
- June 6, 2024: $69,533
- June 7, 2024: $69,216
- June 8, 2024: $68,498
- June 9, 2024: $68,382
Please note that these are only predictions and should not be taken as investment advice.
Australian Securities Exchange (ASX) Approves 1st Spot Bitcoin exchange-traded fund (ETF)Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has approved its first spot Bitcoin exchange-traded fund (ETF). This ETF, named the VanEck Bitcoin ETF (VBTC), will commence trading on June 20. Investment firm VanEck is the issuer of this ETF, which provides a regulated and transparent investment vehicle for Bitcoin exposure in Australia. It’s a significant milestone for the ASX, although it’s not the first Bitcoin ETF to launch in Australia. Previously, the Global X 21 Shares Bitcoin ETF (EBTC) and the Monochrome Bitcoin ETF (IBTC) were introduced in the country, reflecting growing acceptance and interest in Bitcoin investment products within the Australian market. 🚀📈 Implications of ASX Approval: The approval of Australia’s first spot Bitcoin exchange-traded fund (ETF) by the Australian Securities Exchange (ASX) has several implications: Mainstream Acceptance: The ASX’s decision to greenlight a Bitcoin ETF signals growing acceptance of cryptocurrencies within traditional financial markets. It provides legitimacy to Bitcoin as an investable asset class. Accessibility: The ETF structure allows retail investors and institutions to gain exposure to Bitcoin without directly holding the cryptocurrency. This accessibility can attract a broader range of investors who may have been hesitant to navigate crypto exchanges. Regulation and Transparency: Unlike direct ownership of Bitcoin, ETFs are subject to regulatory oversight. The VanEck Bitcoin ETF (VBTC) will adhere to reporting requirements, enhancing transparency for investors. Market Impact: The ETF’s launch could impact Bitcoin’s price and trading volumes. Increased demand from ETF investors may drive up prices, while the ETF’s liquidity could contribute to smoother market functioning. Risk Mitigation: Diversification is inherent in ETFs. Investors can gain exposure to Bitcoin without concentrating risk solely in the cryptocurrency. However, they should still be aware of the inherent volatility of the asset. Educational Opportunity: The ETF’s existence may encourage educational efforts around Bitcoin and blockchain technology, fostering better understanding among investors. In summary, the ASX’s Bitcoin ETF approval represents a significant step toward mainstream adoption and provides a regulated avenue for investors to participate in the crypto market. 🌟📊🔗 #BitcoinETF #SpotETFTrading #ASX

Australian Securities Exchange (ASX) Approves 1st Spot Bitcoin exchange-traded fund (ETF)

Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has approved its first spot Bitcoin exchange-traded fund (ETF). This ETF, named the VanEck Bitcoin ETF (VBTC), will commence trading on June 20. Investment firm VanEck is the issuer of this ETF, which provides a regulated and transparent investment vehicle for Bitcoin exposure in Australia.
It’s a significant milestone for the ASX, although it’s not the first Bitcoin ETF to launch in Australia. Previously, the Global X 21 Shares Bitcoin ETF (EBTC) and the Monochrome Bitcoin ETF (IBTC) were introduced in the country, reflecting growing acceptance and interest in Bitcoin investment products within the Australian market. 🚀📈

Implications of ASX Approval:
The approval of Australia’s first spot Bitcoin exchange-traded fund (ETF) by the Australian Securities Exchange (ASX) has several implications:
Mainstream Acceptance: The ASX’s decision to greenlight a Bitcoin ETF signals growing acceptance of cryptocurrencies within traditional financial markets. It provides legitimacy to Bitcoin as an investable asset class.
Accessibility: The ETF structure allows retail investors and institutions to gain exposure to Bitcoin without directly holding the cryptocurrency. This accessibility can attract a broader range of investors who may have been hesitant to navigate crypto exchanges.
Regulation and Transparency: Unlike direct ownership of Bitcoin, ETFs are subject to regulatory oversight. The VanEck Bitcoin ETF (VBTC) will adhere to reporting requirements, enhancing transparency for investors.
Market Impact: The ETF’s launch could impact Bitcoin’s price and trading volumes. Increased demand from ETF investors may drive up prices, while the ETF’s liquidity could contribute to smoother market functioning.
Risk Mitigation: Diversification is inherent in ETFs. Investors can gain exposure to Bitcoin without concentrating risk solely in the cryptocurrency. However, they should still be aware of the inherent volatility of the asset.
Educational Opportunity: The ETF’s existence may encourage educational efforts around Bitcoin and blockchain technology, fostering better understanding among investors.
In summary, the ASX’s Bitcoin ETF approval represents a significant step toward mainstream adoption and provides a regulated avenue for investors to participate in the crypto market. 🌟📊🔗
#BitcoinETF #SpotETFTrading #ASX
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