MCS | BTC ETF Coming Soon

MCS | BTC ETF Coming Soon

#Be_a_Trader

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

Bitcoin continues its upward rally again. Many are citing the launch of a Bitcoin ETF in the US as the cause of this rally. According to experts, within 2021, the US Securities and Exchange Commission (SEC) will first approve an ETF that invests in Bitcoin futures.

The 'Volt Crypto Industry Revolution and Tech ETF' applied by the SEC-approved Volt Equity ETF on September 5, local time is a ticker called BTCR, and at the end of October is expected to be listed on the New York Stock Exchange. BTCR is an ETF that invests in companies that invest heavily in Bitcoin, such as MicroStrategy and Tesla, and companies that hold a lot of Bitcoin. It is distinguished from ETFs that directly contain Bitcoin.

Some people believe that this listing could speed up the launch of an ETF that allows direct investment in cryptocurrencies such as Bitcoin and Ethereum. According to Bloomberg Intelligence, the SEC may decide to approve the launch of the ProShares Bitcoin Strategy ETF, Invesco Bitcoin Strategy ETF, VanEck Bitcoin Strategy ETF, and Valkyrie Bitcoin Strategy ETF by mid-October.

When an ETF that invests in Bitcoin comes out, investment managers must get funds from investors to buy Bitcoin. As demand rises, prices are expected to increase naturally, raising optimism among cryptocurrency investors.

Source: American Institute for Economic Research

However, there are certainly opposing views.

Dan Morehead, CEO of cryptocurrency hedge fund Pantera Capital, warns that if the SEC approves a bitcoin-based futures ETF, the 'buy the rumor and sell on the news' pattern could apply. Before listing Bitcoin futures on the Chicago Mercantile Exchange (CME) and the recent listing on the Nasdaq of Coinbase, the Bitcoin price surged 2,240% and 822%, respectively, and then returned to a downward trend after listing.

Of course, time will tell how a Bitcoin ETF listing will affect the market.

MCS, a global cryptocurrency futures exchange, will do our best to overcome whatever situation.

Traders ALWAYS come first on MCS.

Thank you.

Sincerely,

MCS Team

Read the Market, Trade with Confidence, Triumph Your Future
#Be_a_Trader

START TRADING

MCS Website: https://mcs.io/
MCS Official Twitter (EN): https://twitter.com/MCSio_Official
MCS Official Facebook: https://www.facebook.com/MCS.io.official
MCS Telegram Chat (EN): https://t.me/mcsio_official