Vivek_Shah
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Xai again pumping 🤑
Hold or Sell ? .
#TredNell
Hold or Sell ? .
#TredNell
The U.S. Securities and Exchange Commission's (SEC) approval of 11 Bitcoin Exchange Traded Funds (ETFs) is a historic moment that introduces a new asset class to global financial markets. This decision is expected to simplify access to Bitcoin investments through traditional channels, lowering barriers to entry for investors. Analysts predict a significant increase in demand for Bitcoin, with price targets ranging from $100,000 to $150,000 in the short term and a long-term potential of $500,000 within 3 to 5 years.
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#TradeNTell
What Is Bitcoin ETF ??
So, a bitcoin futures ETF is an exchange-traded fund composed of shares—and other securities—of a company that buys and sells bitcoin futures contracts. These shares are sold on a mainstream exchange. These ETFs are created by purchasing futures contracts from the CME Group and bundling them into a fund.
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So, a bitcoin futures ETF is an exchange-traded fund composed of shares—and other securities—of a company that buys and sells bitcoin futures contracts. These shares are sold on a mainstream exchange. These ETFs are created by purchasing futures contracts from the CME Group and bundling them into a fund.
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The ether- bitcoin ratio has risen 19% in the first three weeks of the year, taking back part of last year's 25% slide.
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#TradeNTell
Since its ETF launch, Franklin Templeton, as of Jan. 17, 2024, oversees 1,160 BTC, as reported by the EZBC web portal. This marks a 2.56% increase in its bitcoin (BTC) holdings, up from 1,131 BTC last Friday. Throughout the past week, the company, managing $1.5 trillion in assets under management (AUM), has been actively posting about digital assets and sharing memes.
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#TradeNTell