ETF

The globe's first cryptocurrency exchange-traded product (ETP) will begin trading this week on a Swiss Exchange. It's Europe's fourth-biggest exchange with a market capitalisation of around $1.6 trillion.

Bitcoin (BTC), the flagship cryptocurrency in the world, started a new cycle on its 10th birthday. Bitcoin was officially released on Friday, October 31, 2008. Let's first see how the BTC/USD 4H chart below stands and ascertain how BTC ended its correction on Wednesday, October 31, 2018, and how it started its next cycle. BTC finished its correction in 2014 the same way it happened at the end of last month, by first going above the triangle and thereafter correction above it.

Lawyer Jake Chervinsky tweeted about the recent rejection of nine Bitcoin (BTC) ETFs by the US SEC and said it would probably be done next month. Ran NeuNer earlier falsely revealed that the authority was to call BTC ETFs by Mon Nov 5, 2018.

Notwithstanding that the most recent round of Bitcoin (BTC) ETF denials by the US SEC are absolutely an obstruction, once launched, crypto ETFs will essentially change the game for digital currency.

The month of September has been a really cold period for digital currency. As each fresh month passes, speculation of the next bull run follows, though it appears that at this time, positivity is at an all-time low. September promised to create riches, with the US SEC Bitcoin ETF deadline approaching and other large projects coming forward, the majority hoped to see some significant progress this month.

Bitcoin is closing out a bullish week. The market capitalisation of digital currencies is back over $220 billion at the time of press, and several Altcoins have also registered a bullish week.

A wide range of institutional investors has recently shown interest in the rapidly developing blockchain area. However, the fintech has suffered a great variety of blows in the form of Bitcoin ETF application rejections from the U.S. SEC.

The U.S Securities and Exchange Commission (SEC) has requested more comments concerning its verdict on the Chicago Board Options Exchanges filed on the ETF for Bitcoin, on Thur Sept 20.

Bitcoin is the most successful Crypto as it stands. Last year, it was estimated that around 2.9 to 5.8 million users using a crypto wallet where the majority were using Bitcoin.