Rock Hash:Bitcoin ETF The first BITCOIN futures ETF in the U.S is about to hit the market Ushering in a great buying

Rock Hash Bitcoin ETF3

Rock Hash Bitcoin ETF2

Rock Hash Bitcoin ETF2

Rock Hash Bitcoin ETF2

Rock Hash Bitcoin ETF3

Rock Hash Bitcoin ETF3

Rock Hash:Bitcoin ETF
The first BITCOIN futures ETF in the U.S is about to hit the market
Ushering in a great buying period for cloud computing products

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— https://www.rockhash.net

LOS ANGELES, CALIFORNIA, UNITED STATES, November 12, 2021 /EINPresswire.com/ — On October 15, the Nasdaq official website showed that the ProShares Bitcoin futures ETF, which has approved the Bitcoin Strategy ETF application, will be traded on the NYSE Arca exchange under the symbol BITO. According to the Hong Kong Economic Times reported on October 18, the United States The first Bitcoin futures ETF will debut on Monday as early as Monday. According to the filing documents, asset management company ProShares plans to launch a US Bitcoin futures exchange-traded fund around October 18. According to data from the coindesk platform, Bitcoin once rose to a level of nearly 63,000 US dollars on October 16, with a maximum of 62,873 US dollars. As of 8 am on October 18, it was reported at 61,527 US dollars.

What does the launch of the first BITCOIN futures ETF in the US mean?

ETF, commonly known as exchange-traded fund (ETF), is an open-ended fund listed and traded on the exchange with variable fund shares. It is a very popular financial derivative in the traditional financial market. For such a growing investment market as Bitcoin, ETF has a huge space for future development.

The bitcoin ETF is a very common investment channel. It is the management of a special asset that tracks the bitcoin price index. The biggest benefit of ETFs is that they allow investors to hold digital currencies in an easier way, without going through the complicated process of buying a single currency or multiple currencies. Buying a Bitcoin ETF is an indirect investment in Bitcoin. In addition, since ETF holders are not required to hold bitcoin itself, there are no storage and security concerns for digital assets.

The successful approval of the Bitcoin ETF means that anyone with a compliant stock account can buy bitcoin indirectly. For the Bitcoin market, the number of investors will increase by an unimaginable order of magnitude, including retail investors and institutions in traditional financial markets will be able to buy bitcoin in large quantities, and the market will embrace another dimension of upgrading.

Although several BTC ETFs have been launched before, the launch of Crypto ETF in the United States is still a milestone: BTC will be fully open to the most developed traditional finance, the most capital-intensive place — the United States, a large number of traditional financial institutions can have exposure to Crypto, the temperature of the market will rise sharply.

What is the impact of bitcoin ETF adoption on Bitcoin?

There are mainly three aspects of influence:

First, the successful application of Bitcoin ETF will lower the threshold of bitcoin trading, bring a large amount of capital to the bitcoin trading market, and increase the source of institutional customers. Before, only retail investors bought Bitcoin, and later, the listing of Bitcoin futures increased some institutions. Now, if there is a successful Bitcoin ETF, traditional funds can invest in Bitcoin, and even pension funds can allocate part of the Bitcoin ETF if they wish. So now you're buying into a traditional fund, and your fund manager can take your money and allocate some of it to a Bitcoin ETF. So that adds to the amount of money that's invested in bitcoin.

Second, it attracts more retail investors. Many older people who invest in stocks and ETFs may also be interested in bitcoin, but lack a clear understanding of how to buy and store it, and occasional hacking of exchange coins, has put them off. Investing in bitcoin is now as easy as buying stocks, funds and ETFs.

Third, ETFs change the overall perception of the regulatory risks of cryptocurrencies by effectively telling the public that bitcoin is officially recognized as a legitimate asset class, which will accelerate the acceptance of cryptocurrencies represented by bitcoin.

Now is the best time to buy cloud computing products

Although the news that the Bitcoin ETF passed led to a sharp rise in the price of bitcoin, speculation is by no means a highly profitable business, after the carnival, the currency circle will eventually be back to dampen enthusiasm. Fortunately, the market really brought a lot of picture, it is not only for those who choose to stick to the investors gave top-up a belief, also attracted a large number of new players running play, among them, some people interested in COINS more upstream from the "deal" to "dig" transfer, at that time, a large number of capital inflow into the cloud to calculate power market.

The direct cause of the popularity of cloud computing platform is the improvement of the secondary market when the market price reverses. Capital floods into the mining circle, and cloud computing has become a way of investment with the lowest threshold. The three advantages of mining are equally obvious in cloud computing products.

1. Mining is always the cheapest way to invest in the secondary market
Compared with secondary market investment, mining is always the only way to obtain the subject matter at the lowest cost. Cheap does not just mean higher profits. Investors see mining as far more risk-resistant than any role in the secondary market, and miners are the likeliest winners.

2. Mining is a long-term investment, not easily affected by the secondary market
Mining is a long-term process, mining income is also a long-term accumulation process. We can completely see mining as a daily automatic investment process, because the early large cost has been invested (cloud computing power purchase cost), so mining mandatory better than the investment, by the secondary market volatility is very small interference.

3. The industrial nature of mining is obvious and the certainty is higher
Mining is the process of making a profit by putting in mining machines to keep the network running properly. Mining is an industry that strictly follows the input-output ratio. It is characterized by strong industrial attributes and small speculative risks and uncertainties. Therefore, it is suitable for long-term investment.

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Rock Hash:Bitcoin ETF The first BITCOIN futures ETF in the U.S is about to hit the market Ushering in a great buying period for cloud computing products


Source: EIN Presswire