Bitcoin ETF

Spot

Rise

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>As expectations and excitement for Spot Bitcoin ETFs increase, ProShares’ Futures BTC ETF ‘BITO’ has reached a new All-Time High (ATH).</li>
 <li>This comes just about two weeks after Bloomberg ETF analyst Eric Balchunas acknowledged the exceptional performance of the product.</li>
 <li>If the Spot Bitcoin ETF receives SEC approval, it is suggested that it will displace products like ProShares BTC Futures ETF.</li>
</ul>
<p><strong>Increasing expectations for spot Bitcoin ETFs strengthens other Bitcoin ETFs in the USA: New record from BITO!</strong></p>
<h2 id="strong-rising-expectations-for-spot-etfs-strengthen-bitcoin-etfs-strong"><strong>Rising Expectations for Spot ETFs Strengthen Bitcoin ETFs</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126551" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>As expectations and excitement for Spot Bitcoin ETFs increase, ProShares’ Futures BTC ETF ‘BITO’ has reached a new All-Time High (ATH). According to a tweet by Bloomberg ETF analyst James Seyffart, ProShares’ BITO approaches a total locked value (TVL) of over $1.5 billion.</p>
<p>This comes just about two weeks after Eric Balchunas acknowledged the exceptional performance of the product. At that time, Balchunas emphasized that ProShares Bitcoin Futures ETF doubled its value in 30 days.</p>
<p>During that period, the renowned analyst linked the increase in value to expectations of SEC approval for Spot Bitcoin ETFs. A Twitter user pointed out the irony of the relationship between ProShares Bitcoin Futures ETF and potential Spot BTC ETFs.</p>
<p>It is suggested that if the Spot Bitcoin ETF receives SEC approval, it will displace products like ProShares BTC Futures ETF. Spot ETFs allow investors to legally trade the price of BTC without owning Bitcoin addresses or private keys. This is different from Futures, which only mimic the spot price of Bitcoin and provide exposure to Bitcoin futures.</p>
<h2 id="strong-possibility-of-spot-bitcoin-etf-approval-still-90-strong"><strong>Possibility of Spot Bitcoin ETF Approval Still 90%</strong></h2>
<p>Optimism for the agency to make a positive decision continues, and it has increased in recent days. Experts continue to express positive views on the potential approval of Spot Bitcoin ETFs. Balchunas reiterated that SEC approval is a matter of time. He boldly stated that the probability of approval is still 90%, similar to previous predictions.</p>
<p>The spot Bitcoin ETF applications of Franklin Templeton and Hashdex were delayed by the SEC due to the principle that ‘the rules of a national securities exchange must be designed to prevent ‘fraudulent and manipulative acts and practices’ and ‘to protect investors and the public.’ Regarding this delay, the SEC aims to receive feedback from the public on whether Templeton’s application should be approved.</p>
<p>The fact that the SEC has provided an update for Franklin Templeton’s application before January 1, 2024, indicates that the regulator is likely organizing all spot BTC ETF applications for collective approval in January.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/as-expectations-rise-for-spot-etfs-proshares-bitcoin-futures-etf-sets-a-new-record/">As Expectations Rise for Spot ETFs, ProShares’ Bitcoin Futures ETF Sets a New Record!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

As Expectations Rise for Spot ETFs, ProShares’ Bitcoin Futures ETF Sets a New Record!

Table of Contents

CO NEWS

Other articles published on Nov 30, 2023

IOTA reaches 10-month highs following $100m foundation launch

Analyst Forecasts Solana's Bullish Surge Amidst NFT Market Success

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

ROLLBIT Price Prediction 2023-2032: Explore Cryptocurrency Casino Tokens Set to Bring Massive Pro...

BRICS: Less Than 10% Of Russian Oil Sold In US Dollars

Custom GPTs and the Evolving Landscape of AI: A New Frontier for Phishing

Join our free newsletter for daily crypto updates!