Bitcoin Price Watch: Currency Spikes to Nearly $7,300

At press time, the father of cryptocurrency has jumped to $7,327. This is a massive increase from yesterday’s price, and a clear sign that bitcoin is strong enough to handle present resistance, which is set at roughly $6,800. Granted the currency can step beyond that level, we are likely to witness $7,600 next, according to … Read more

Cboe’s Bitcoin ETF Proposal Is Open to Public Comment

Bitcoin ETFs are often considered to be the holy grail of the cryptocurrency industry. Exposing more mainstream investors to cryptocurrencies could trigger a major influx of fresh capital. So far, the SEC has prevented such ETFs from launching. Its decision to accept public comments on the Cboe SolidX Bitcoin ETF proposal shows things may be … Read more

Bitcoin ETF: Firms Team, Reapply, $200,000 Price Targets Wall Street Institutions

Van Eck and Solid X have teamed, after both failed previously to gain formal regulatory approval for their respective bitcoin core (BTC) exchange traded fund (ETF) proposals, reapplying to the US Securities and Exchange Commission (SEC) today. They’re proposing a physically backed bitcoin ETF, the Van Eck Solid X Bitcoin Trust, and it just might … Read more

Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)

Why wait for Wall Street to launch exchange traded funds following the crypto markets? Huobi, the Singapore-headquartered cryptocurrency exchange, has decided to create its own ETF style instrument based on its recently launched index of ten digital assets.  Also Read: This Week in Bitcoin: Digital Money Makes the World Go Round Huobi Index Tracker Fund The … Read more

Cboe Has Asked the US Government to Allow Bitcoin ETFs, Optimistic for Long-Term Growth

The Chicago Board Options Exchange (Cboe), the largest options exchange in the global market that currently operates a bitcoin futures market, has asked the US government to allow bitcoin exchange-traded funds (ETFs) that would provide investors within the public market with access to bitcoin. A public letter sent to the US Securities and Exchange Commission … Read more