New Bitcoin LIFT OFF? – Is the first ETF about to fly … NEXT WEEK?
(005320.38-:E-003569.93:N-HO:R-SU:C-30:V)
Video: Human Evolution: What are Jews and why they are VERY DANGEROUS!
We take a scientific look at Jews. I compare their behaviour to that of parasites that live on animals. I look at the behaviour of Whites and Jews in the same was that we would study the behaviour of animals, and we look at actual film footage.
[This is very interesting. Very. Jan]
The price of Bitcoin BTC hit $60,000 Friday for the first time in six months. The rising valuation could continue with news that a Bitcoin Futures ETF is on the way.
What Happened: Bloomberg added a ticker to a Bitcoin ETF to its data feed, signaling the strong likelihood that the first U.S. Bitcoin Futures ETF hits the market next week.
“Bloomberg’s data team in the process of adding the ProShares Bitcoin Strategy ETF to the terminal,” Bloomberg’s James Seyffart reports.
The Bitcoin ETF from ProShares will trade with ticker BITO. The ETF lists a management fee of 0.95%, which Seyffart notes is less than half of the 2% currently charged by the Grayscale Bitcoin Trust
“This thing is going live next week. Either Monday or Tuesday," he said. The Bloomberg feed shows a date of Oct. 19.
Why It’s Important: Many companies have filed for Bitcoin ETFs over the years, only to be rejected by the SEC.
It has become increasingly likely that Bitcoin ETFs will be approved, which could lead to a handful hitting the market next week and even more by the end of the year. ProShares could grab early first mover advantage and see strong inflows.
The lower management fee from BITO could be bad news for Grayscale Bitcoin Trust. GBTC, which trades similar to an ETF but is a trust, has amassed $37.3 billion in assets under management since launching in 2013.
GBTC shares are up 395% over the trailing 12 months and up over 38,0000% since launching in 2013.
Many ETF companies have launched funds that offer exposure to Bitcoin via mining companies or companies that hold Bitcoin on their balance sheet.
The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF launched in July and has seen shares increase 55% since launching.
Price Action: BTC is trading at $60,163.80 at the time of writing.
Bitcoin passed Facebook Inc earlier this week to become the sixth-largest publicly traded company or cryptocurrency with a market cap of $1.14 trillion, according to AssetDash.com.
White Shop: Ersatzkommando Waffen SS Poster in a nice Frame The only one I ever sold!
I can‘t sell this any more, but this is the story of the one and only sale I ever made of this awesome poster!