Another Bullish News 🚀🚀


Grayscale Investments close to filing application for spot bitcoin ETF, source says


Grayscale Investments plans on filing an application to convert the world’s biggest bitcoin fund into a spot ETF early next week, according to a person with knowledge of the matter.



Link : https://www.cnbc.com/2021/10/15/grayscale-investments-close-to-filing-application-for-spot-bitcoin-etf-source-says-.html

ProShares will launch trading of the first SEC Approved Bitcoin (BTC) Futures ETF on October 18th 🚀



SEC has greenlighted the first for the industry Bitcoin futures ETFs. That is expected to launch trading of BTC Futures ETF on October 18th.

CFTC Classifies Stablecoins as a Commodity



Link : https://www.trustnodes.com/2021/10/16/cftc-classifies-stablecoins-as-a-commodity

US Regulator Orders Tether To Pay $41,000,000 in Fines – Here’s Why

The Commodities Futures Trading Commission (CFTC) is ordering the entities behind the Tether stablecoin (USDT) to pay $41 million in fines.




Link : https://dailyhodl.com/2021/10/16/us-regulator-orders-tether-to-pay-41000000-in-fines-heres-why/

Bitcoin Monthly Returns

- Binance

Suddenly a Big question is floating around is What the hell is Bitcoin ETF, Like They Never heard of it.

Here you Go.... Read Below 👇


What are Bitcoin ETFs?

Bitcoin ETFs are exchange-traded funds that track the value of Bitcoin and trade on traditional market exchanges rather than cryptocurrency exchanges. They allow investors to invest in bitcoin without having to go through the hassle of using a cryptocurrency exchange while providing leverage to its price.


How It Works?

An ETF (exchange-traded fund) is an investment fund that tracks the price of an underlying asset or index. Today, ETFs are available for several assets and industries, ranging from commodities to currencies.

A Bitcoin ETF would work the same way – the price of one share of the exchange-traded fund would fluctuate with the price of bitcoin. If bitcoin increases in value, so does the ETF, and vice versa. But instead of trading on a cryptocurrency exchange, the ETF would trade on a market exchange like the NYSE or TSX.

Binance Will Support the Helium (HNT) Network Upgrade
https://www.binance.com/en/support/announcement/c2306dafc40a4c4a916e6ee3a48b350b

Binance Liquid Swap System Upgrade Notice (2021-10-19)
https://www.binance.com/en/support/announcement/427760ac99ad494683c6aa46e4a1f960

Bitcoin Update:

Very Very Bullish Close of Last weekly Candle, Which Closed above the Previous Weekly Resistance.

Bullish Scenario: BITCOIN is looking for New Highs. 🚀🔥

Watch Out The Big Boy BITCOIN now. 😍
Stay out from ALTS at the moment ✋

ICYMI: Binance destroys nearly $640 million worth of BNB tokens in its largest-ever burn



Link : https://www.theblockcrypto.com/linked/121046/binance-17th-quarterly-bnb-burn-largest

Bitcoin Close to $63K

US Treasury wants to get crypto industry on board with sanctions programs



Link : https://www.theblockcrypto.com/linked/121068/us-treasury-wants-to-get-crypto-industry-on-board-with-sanctions-programs

BTC price is up 50% since China ‘selflessly’ banned Bitcoin mining



Link : https://cointelegraph.com/news/btc-price-is-up-50-since-china-selflessly-banned-bitcoin-mining

AVAX

BITCOIN Almost Kissing the Previous ATH as the First Bitcoin Futures ETF Launched on NYSE few Hrs. Back..... 🔥🔥

(Previous ATH $64854 on Binance BTC/USDT Pair)

ProShares bitcoin futures ETF sees historic nearly $1 billion trading day


ProShares' bitcoin futures exchange-traded fund (ETF) listed on the New York Stock Exchange today, and it was welcomed with explosive interest.



Link : https://www.theblockcrypto.com/linked/121364/proshares-bitcoin-futures-etf-sees-historic-nearly-1-billion-trading-day