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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Best Crypto Exchange Affiliate Programs in 2023

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    What does Crypto Index fund Means and How to Invest?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    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

  • 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

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    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

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    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

  • 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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ProShares Bitcoin Futures ETF ($BITO) Becomes Fastest ETF in History to Reach $1 Billion

2021-10-21
in Bitcoin
0
Coinbase’s Deleted Tweet Fuels Speculations About Bitcoin ETF, Here’s the Truth
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The primary-ever Bitcoin ETF within the US by ProShares ($BITO) continues to shatter information for the second day in a row. After registering the second-highest buying and selling quantity for an ETF on Debut, $BITO has now turn into the quickest to build up $1 billion in property that too inside two days. ProShares began with $20 million in property which grew over $500 million on the primary day and breached $1 billion on the second day.

$BITO
Supply: TradingView

Fairly paradoxically $BITO has damaged the document held by Gold ETF ($GLD) for almost 18 years because it managed to achieve $1 billion in property in 3 days. The buying and selling quantity for $BITO topped $1 billion as effectively and gathered property reached $1.1 billion.

RECORD BREAKER: $BITO property as much as $1.1b after immediately, making it the quickest ETF to get to $1b (2 days) breaking $GLD’s 18yr previous document (3 days), which is poetically apropos. https://t.co/yGXyfwaogD

— Eric Balchunas (@EricBalchunas) October 20, 2021

The ProShares Bitcoin Futures ETF created historical past after it grew to become the primary crypto-centered ETF to get the US SEC’s nod. $BITO’s approval has now paved method for Valkyrie Bitcoin Futures ETF as effectively which was authorised by the SEC yesterday.

Bitcoin Breaks ATH on Again of $BITO’s File Run

October was predicted to be the month of bulls after the crypto market suffered almost 5-months of bearish consolidation. Nonetheless, the approval of the first-ever Bitcoin ETF additionally performed as a catalyst for the $BTC worth. The highest cryptocurrency that began the month below $45K managed get well all of its losses over the previous 5 months in simply two weeks’ time, and yesterday it managed to interrupt the earlier ATH of $64,683 as effectively.

$BTC recorded a brand new ATH of $66,930 yesterday as its market cap reached $1.25 trillion for the primary time. The highest cryptocurrency has seen a minor correction in a single day from ATH and at present buying and selling slightly below $65K.

$BITO
Supply: TradingView

Having already surpassed the ATH, the remaining two months may very well be the worth discovery mode for $BTC the place it might probably repeat an identical feat because it did in 2017 December when the $BTC worth rose almost doubled within the final couple of weeks of December 2017.



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