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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

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    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

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    Rallies 10%, Polygon Bulls Aim Big

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

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    Best Crypto Airdrop Twitter Channels to Follow in 2023; Here’s the Top 5 List

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    Top 10 Online Forums for Crypto Enthusiasts To Join In Jan 2023

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Dark Country Reveals Roadmap for 2023

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    Planet IX Launches New Mission Control and Tile Contract

    Planet IX Launches New Mission Control and Tile Contract

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Coinbase to Support Bitcoin ETF Trading

2021-11-10
in Bitcoin
0
Coinbase’s Deleted Tweet Fuels Speculations About Bitcoin ETF, Here’s the Truth
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The most recent replace within the Bitcoin ETF market noticed raging speculations concerning the crypto alternate large, Coinbase’s upcoming initiative to help Bitcoin ETF buying and selling on its platform. In accordance with Eric Balchunas’ tweet, Coinbase is ready to launch $BITO buying and selling, nevertheless, it could as nicely be a giant mistake, given the excessive buying and selling charges of 1.49 p.c on the platform. The ETF analyst warned Coinbase of potential penalties upon beginning $BITO buying and selling.

For this reason I say ETFs are going to rock crypto world. Crypto intermediaries used to fats charges. ETFs reside in relative poverty. $BITO (to not point out the spot ETFs a comin’) are 1bp to commerce ANYWHERE. Coinbase ought to be afraid of that.

— Eric Balchunas (@EricBalchunas) November 9, 2021

Bitcoin ETF Frenzy

Futures-linked Bitcoin ETFs have taken over the US crypto market, launching a swift bull for the OG crypto, with additional speculations of Spot BTC ETF within the course of to immediately monitor the underlying asset class, from institutional gamers together with lawmakers. The last word Bitcoin fanatic and MicroStrategy CEO, Michael Saylor lately commented on BTC ETFs, noting that they’ll utterly take over the economic system inside three years span. Moreover, Saylor asserted that Bitcoin ETFs will change into the first substitute for Gold ETFs in close to future. CoinGape’s unique protection said that Saylor argued upon Bitcoin’s emergence as the first asset class for the Western world, additional changing the $425 billion fund – SPDR S&P 500 ETF Belief, ticker SPY – monitoring the fairness index.

“To do this, you want the spot ETF. And as soon as these spot ETFs roll, I feel you’ll see billions, then tens of billions, then tons of of billions, then trillions of {dollars} move into them.”, stated Saylor on the Bloomberg Monetary Innovation Summit final Thursday.

Coinbase is dipping its toes within the rich waters of the trending BTC ETFs. However, this is not going to be the primary time Coinbase makes use of a crypto frenzy to get forward within the decentralized sphere. Final month, Coinbase was at No.1 on the Apple App Retailer, and the credit score went to its sensible addition of the Shiba Inu (SHIB) ticker within the identify of its group, accompanied by the OG Bitcoin (BTC), and ever-evolving Ethereum (ETH). The crypto group on Twitter speculated this as one more ‘development hack’ stunt by the alternate, the place the platform briefly showcased the presently internet-famous crypto to make use of the token’s trending standing in promoting its utility.



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