Bitcoin ETF

Ultra

President Donald Trump

Donald Trump

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-update-etfs-surge-proshares-innovates-and-desantis-trails-in-polls" rel="noopener noreferrer nofollow">Crypto Market Update: ETFs Surge, ProShares Innovates, and DeSantis Trails in Polls</a> 
<a href="https://en.bitcoinhaber.net/weekly-summary-of-crypto-markets-key-developments-and-expectations" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price volatility has stabilized, fluctuating within a $1000 range for four days. The crypto market is buzzing with activity as Exchange-Traded Funds (ETFs) enter their fourth trading day, nearing a cumulative volume of $10 billion with strong institutional interest, though futures demand has slowed slightly.
ProShares has filed for several new Bitcoin ETFs. Today’s strong retail sales data may negatively impact cryptocurrencies. JPMorgan’s CEO made his final comments on Bitcoin, expressing respect for individuals’ right to trade BTC.
ProShares is set to launch new Bitcoin ETFs, including ProShares Plus Bitcoin ETF and ProShares Ultra Bitcoin ETF, offering 1.5x and 2x leverage, respectively. Three additional funds, ProShares UltraShort Bitcoin ETF, ProShares Short Bitcoin ETF, and ProShares ShortPlus Bitcoin ETF, will track the inverse of the BGCI’s daily performance at -2x, -1x, and -1x, respectively.
Recent spot Bitcoin ETFs saw volumes over $1.8 billion on January 16, according to Yahoo Finance. Leading the volume are Grayscale, BlackRock, and Fidelity, with Grayscale’s ETF experiencing the largest volume due to investors capitalizing on the opportunity to sell after escaping negative premiums.
Bloomberg ETF analyst Eric Balchunas notes that the total volume of these funds is nearly triple that of the 500 ETFs launched last year in the US. BlackRock’s iShares Bitcoin Trust witnessed approximately half a billion dollars in inflows within ten days. Presidential hopeful Ron DeSantis, known for his stance on crypto and opposition to CBDCs, trails significantly behind former President Donald Trump in the polls, casting doubt on the role of crypto in the 2024 elections, despite a report from the Crypto Council for Innovation highlighting the significance of crypto investors as a voting bloc.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-update-etfs-surge-proshares-innovates-and-desantis-trails-in-polls" rel="noopener noreferrer nofollow">Crypto Market Update: ETFs Surge, ProShares Innovates, and DeSantis Trails in Polls</a></h5>

Crypto Market Update: ETFs Surge, ProShares Innovates, and DeSantis Trails in Polls

BH NEWS

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