Crypto markets enjoyed a largely positive day following the lates ETH Futures ETF application by the VanEck group. Is the crypto rally still on the cards for Q4?
has held up well over the past couple of weeks as markets in general face a host of uncertainties and risk-off sentiment. The idea of higher rates for longer has not had any material impact on Crypto, with both Bitcoin and Ethereum rising this week.today has helped Crypto with BTCUSD rising around 3% on the day and testing a descending trendline. Crypto enthusiasts have been punting for a bullish Q4 ahead of the ‘Halving” event next year.
There is a general sense of fear which seems to be prevailing at present given the overall market developments of late. The idea of higher rates for longer s seen as a threat by many Crypto enthusiasts heading into Q4 as higher rates may mean that market participants opt for US Treasuries. The risk/reward profile given the current conditions bode well for US Treasuries but could weigh on Risk Assets and Cryptocurrencies.
Now in October we are expected to hear whether a host of spot Bitcoin ETFs will be approved by the SEC which could be game changer for the industry and see a massive influx of institutional funds. There is already a few Bitcoin Futures ETFs with the VanEck Bitcoin Strategy ETF listed on the CBOE which is where the Ether ETF will be listed as well.
In August there was a report by Bloomberg which stated that US Securities Regulators were poised to approve Ether ETFS Futures for US trading. This went quiet however, as the spot Bitcoin applications have been dominating the news since. The report also states that many firms have already filed applications for a futures ETF which means today's announcement by VanEck is nothing new or unexpected.
If trading losses have left you scratching your head, consider downloading our guide on the "Traits of Successful Traders." It provides practical information on how to avoid the common pitfalls that may result in costly missteps.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Futures ETF to roll out by first week of October: Bloomberg ETF analystWhile spot Bitcoin Exchange Traded Funds (ETFs) approval has been a matter of controversy in the United States, Ethereum Futures ETFs' might not be. T
Read more »
SEC Plans to Hasten Ether Futures ETF Launch: Bloomberg ETF AnalystSome Ethereum futures ETFs may reportedly launch next neek, with Valkyrie's expected to be first in line.
Read more »
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
Read more »
VanEck Readies Ethereum Futures ETF; Marathon Digital Mines Invalid Bitcoin Block'CoinDesk Daily' host Jennifer Sanasie breaks down the hottest crypto headlines today, including VanEck preparing to roll out its Ethereum futures exchange-traded fund (ETF). TerraUSD creator Do Kwon opposes the SEC's attempts to bring him back to the United States. Changpeng “CZ” Zhao denies he is the owner of CommEX, the company that has bought Binance Russia. Plus, Bitcoin mining company Marathon Digital (MARA) mines an invalid Bitcoin block.
Read more »
ETH Price Skyrockets as Ethereum ETF Eyes Monday Launch ProspectPossible Ethereum ETF launch next Monday sparks optimism in ETH price
Read more »
Major TradFi Player VanEck Readies Ethereum Futures ETFVanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC.
Read more »