Tag: Trading

Fidelity trading app displays spot Bitcoin ETF tickers

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Users reported seeing spot Bitcoin ETF symbols on trading platforms ahead of approval from the SEC. Fidelity’s retail trading app showed spot Bitcoin ETF tickers, including ARK 21Shares Bitcoin ETF (ARKB), although one user confirmed that trading was unavailable for now. Shortly after, Bloomberg notably listed 11 Bitcoin (BTC) ETFs on its terminal under the “pending listing” designation.  The Chicago Board Options Exchange also filed a request for acceleration with the U.S. Securities and Exchange Commission (SEC) on behalf of Invesco Galaxy, essentially asking for permission to list and start…

CNBC foresees immediate spot Bitcoin ETF trading if approved Wednesday

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CNBC predicts spot Bitcoin ETF approval by the U.S. SEC this week, followed by immediate trading the following business day. Spot Bitcoin ETFs are on the cusp of a decision from the U.S. Securities and Exchange Commission (SEC), with potential trading activities expected to commence by the end of this week. The anticipated approval date, slated for Wednesday, is pivotal for many applicants eagerly seeking a green light to enter the burgeoning market. According to CNBC correspondent Kate Rooney, reliable sources affirm the likelihood of spot Bitcoin ETFs securing approval…

Bitcoin reaches $47k as trading volume soares nearly 120%

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Bitcoin has reached $47,000 for the first time in over 20 months, as several reports claim ETF approval will happen this week. Earlier today, Bitcoin reached $45,000, its highest since May 2022, when the market collapsed following Terraform Lab’s UST and LUNA crash. However, Bitcoin’s rally continues, as it reached $47,000 at the time of writing, recording a nearly 6% rise in 24 hours.  At the same time, BTC trading volume is also soaring across all major exchanges. According to CoinMarketCap, BTC’s daily trading volume has increased by over 120%…

Trading Guru John Bollinger Forecasts Bitcoin Breakout, $50,000 On The Horizon?

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John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently shared an optimistic view on Bitcoin’s future. Bitcoin Poised For Further Surge? In a post on X, John suggest that Bitcoin’s price is likely to “break higher” from its current levels. This prediction is based on his analysis using the Bollinger Bands chart, a popular technical analysis tool he developed. For context, Bollinger Bands are a type of statistical chart characterizing the prices and volatility of an asset over time. They consist of a…

Thorchain Dominates Cross-Chain Trading Volume: What’s Next for RUNE?

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Thorchain, a cross-chain liquidity network, has emerged as a frontrunner in cross-chain transfers, surpassing its competitors in volume and transaction activity, on-chain data shows.  Thorchain Trading Volume Expands As Prominence Increases Citing Galaxy Research data, a user on X, Bullion, noted that Thorchain processed $4.82 billion in cross-chain transactions over the past 30 days, while Cosmos’ Inter-Blockchain Communication (IBC) protocol handled $3.35 billion worth of transactions during the same period. Among layer-2 bridges, Arbitrum Bridge led the pack with $1.21 billion in cross-chain volume. Others, like Polygon POS and Stargate, processed $564…

Crypto Market Can Easily Handle Bitcoin ETF Trading Volume, Which Could Be Worth Billions of Dollars

While the work of APs is considered the “primary” market, another key player, market makers, is needed in the “secondary” market, for example on exchanges, where most of the trading is done. Market makers build on the role APs fill by buying ETF shares when others want to sell them, and vice versa. If prices get out of whack, they can earn a profit by trading to nudge them back in line. In some cases, market makers also play the role of the AP. Source

Bitcoin mining firm CleanSpark to launch in-house crypto trading

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CleanSpark, the third-largest public Bitcoin mining firm in the U.S., is set to establish its own trading desk in 2024, aiming to optimize the profitability of its substantial Bitcoin assets. In an interview with Bloomberg, Zachary Bradford, the CEO of CleanSpark, expressed the strategic decision to manage their Bitcoin transactions internally. Given their considerable Bitcoin holdings, he emphasized the financial prudence of this approach. This initiative aligns with the recent practices adopted by other Bitcoin mining companies. For instance, Marathon Digital Holdings has sold Bitcoin call options to generate revenue,…

Wild Trading Session Sees Tellor’s TRB Token Slide From $720 to $180 in Hours

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Cryptocurrency option trading soars as January ETF expectations escalate

There’s been a noticeable uptick in trading cryptocurrency options and futures since Christmas, primarily driven by traditional financial institutions.  This increase is largely in anticipation of a key decision by U.S. regulatory authorities regarding the approval or disapproval of exchange-traded funds (ETFs) focused on direct investments in Bitcoin. As reported by Bloomberg, recent data indicates that Bitcoin options trading has reached unprecedented levels. Deribit, a leading platform in the crypto-options sphere, is on the brink of experiencing its largest quarterly expiry of options this Friday. The expiring options, valued at…