Tag: CFRA

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Wall Street jinx? Traders weight ‘sell the news’ potential after Bitcoin ETF launch

October 23, 2021

The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume…
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Bitcoin futures ETF will likely be delayed until 2022 says research firm CFRA

October 13, 2021

Regulatory uncertainty could be the cause for yet more delays in the approval of long-awaited Bitcoin exchange-traded products. Crypto asset investors may have a longer wait for a Bitcoin futures exchange-traded product according to Todd Rosenbluth, the senior director of ETF and mutual fund research at research firm CFRA. Speaking on CNBC’s “ETF Edge” on…
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