Newly Approved Bitcoin ETF Attracts Investors

The Securities and Exchange Commission remained very sceptical of proving a Bitcoin ETF or any other crypto-oriented ETF for that matter, but it eventually came around. Recently the Commission has managed to approve Bitcoin ETF futures, and it was listed on the New York Stock exchange the very next day for the sake of trading. According to various reports, the world’s first Bitcoin futures ETF has managed to secure more than $1 billion in investment right off the bat, on the very first day of trading.

The ETF managed to rank second among the daily trading volume, and it is nothing short of a victory for the crypto community and those people filing applications for further crypto-oriented ETFs. There were clearly many doubts regarding how this ETF would perform in the long run, but the overall sentiment of the market remains positive, and that is clearly a very bright sign.

First Bitcoin Futures ETF Secures Record Funding

It is believed that there are two different schools of investors, some of them are truly invested in the crypto market, and they continue to trade and invest their assets whenever they can, and it is sort of their go-to marketplace when it comes to investing.

Then there are those who try their best to avoid the crypto market given the extreme volatility that it presents in the long run, and these investors prefer forex and stock markets over the crypto market, and that is the reason why the stock market remains a hot plate even when the crypto market is around. But this Bitcoin futures ETF has provided these investors with a real chance to step into the crypto market and make their investment because it is as if trading stocks but tapping into the digital assets themselves.

Who knows how these investors would react to the crypto market after seeing amazing returns on their investment for the Bitcoin futures ETF? One can only hope that these investors would someday be able to embrace the crypto market and become active traders within its midst.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Major Australian Baseball Club will Pay Players in Bitcoin

The Perth Heat Australian baseball club has finally made a transition of paying its athletes in Bitcoin. The club will be using the Bitcoin lightning network for the sake of making payments to these professional baseball players and staff members as well. Australia is seeing a very pleasant boom of decentralization and adopting cryptocurrencies as […]

Twitter Bitcoin Tips Gain Attention of Users

Jack Dorsey, CEO of Twitter, is always finding reasons to work with Bitcoin and the crypto market from time to time. Jack Dorsey is more than a fan, he’s a visionary who sees value in Bitcoin, and the significance of decentralization is not new to him. Recently Twitter has announced big plans regarding decentralization and […]

Bitcoin’s Taproot Upgrade Brings New Features to Network

It was hinted long ago that Bitcoin and its blockchain are going to get updated in the future, with the taproot update currently in development at that time. A specific block sequence was already put aside as a marker for when the update shall go live. Block 709632 was chosen for this task, and whenever […]

New Data Shows 72% of Shiba Inu Investors are in Profit

Shiba Inu token has been criticized for its lack of utility by the members of the crypto community. However, a new report published by a crypto analytics firm, called IntoTheBlock, has claimed that most of the investors who have decided to accumulate SHIB tokens are generating profits. The report was recently shared on the official […]

Inceptial Review – A Prominent Forex Company for all Traders

Inceptial Review If you are on the lookout for a decent online forex company, there is no denying that Inceptial is a leading online forex company right now and will most likely continue to grow in popularity in the online trading world. In this Inceptial review, I have outlined the leading trading features of this […]