• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Bloomberg Strategist Says US Will Approve Bitcoin ETF In October, BTC Price Hits $ one hundred,000

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Mike McGlone’s strategist Bloomberg It is only a matter of time prior to the US approves a Bitcoin ETF.

Bloomberg strategist predicts US to approve Bitcoin ETF in October, BTC price tag will hit $ one hundred,000

In an interview on Sept. 21, McGlone mentioned Canada’s approval of the Bitcoin 3iQ and CoinShares ETFs in April of this 12 months is triggering income out of cryptocurrency investments from the United States. This is notably evident in the truth that Cathie Wood’s Ark Invest fund is selling investments in these ETFs. Therefore, the strategist of Bloomberg believes that to retain a aggressive edge, US lawmakers will quickly have to approve this variety of crypto investment.

An ETF is a common variety of investment fund, which lets traders to accessibility the fund’s assets but without having owning to hold the assets right.

When asked when the US will launch a Bitcoin ETF, McGlone mentioned it could be “as early as the end of October”. The analyst also sees a higher probability that the very first ETH Bitcoin fund will be a futures product or service, saying it “will open the door to a massive influx of cash.”

Mr. McGlone also shared his most current report on Bloomberg, predicts that Bitcoin will possible attain $ one hundred,000 in 2021, with the momentum coming from the arrival of a Bitcoin ETF.

Even so, there are no US authorized Bitcoin ETFs so far. The US Securities and Exchange Commission (SEC) is even now fairly concerned about Bitcoin ETFs, in spite of quite a few units owning utilized to set up this variety of investment from 2018 right up until now.

List of Bitcoin ETF Proposals Pending SEC Approval

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: ApproveBitcoinBloombergBTCETFHitsOctoberPriceStrategist
Share76Tweet48

Related Posts

Trump Leads New Trade Talks with Japan

by shark
May 11, 2025
0

Former President Trump spearheads trade negotiations with Japan, reports significant progress.

Coinbase Avoids Bitcoin-Dominant Strategy for Financial Stability

by shark
May 10, 2025
0

Coinbase, led by CEO Brian Armstrong, opted against an aggressive Bitcoin strategy for financial stability, impacting industry approaches to crypto...

Goldman Sachs Increases Bitcoin ETF Holdings to $1.4 Billion

by shark
May 10, 2025
0

Goldman Sachs has significantly increased its holdings in BlackRock’s iShares Bitcoin Trust to $1.4 billion, indicating a strategic shift in...

XRP Eyes $3 as Market Momentum Builds

by shark
May 10, 2025
0

XRP experiences a price surge, climbing above $2.21 amid growing trading volume and investor confidence.

BlackRock Meets SEC Crypto Task Force on Staking

by shark
May 10, 2025
0

BlackRock discusses staking regulation with SEC Crypto Task Force, exploring crypto ETF enhancements.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump Leads New Trade Talks with Japan
  • Coinbase Avoids Bitcoin-Dominant Strategy for Financial Stability
  • Goldman Sachs Increases Bitcoin ETF Holdings to $1.4 Billion
  • XRP Eyes $3 as Market Momentum Builds
  • BlackRock Meets SEC Crypto Task Force on Staking
  • Investors Are Wishing They Had Acted Sooner on Bonk—Now Arctic Pablo Coin Is Your Chance for Massive Profits
  • BlackRock Meets SEC to Discuss Crypto Regulations
  • Troller Cat Presale Live: Goatseus Maximus & Turbo Join Best Meme Coin Presales
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7