Exchange-traded fund (ETF) issuer Direxion has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) to list a short bitcoin futures fund.On Tuesday, Direxion requested the SEC to withdraw the ETF application it made on Oct. 26.SEC staff had asked for the filing be withdrawn on the day it was filed.The Direxion Bitcoin Strategy Bear ETF would have … [Read more...] about Direxion Withdraws Application for Short Bitcoin Futures ETF
Short
Direxion Files for Short Bitcoin Futures ETF
Direxion isn’t the only issuer hoping to put a creative spin on bitcoin futures ETFs. On Tuesday, Valkyrie Investments filed to offer an ever-so-slightly leveraged bitcoin futures ETF. Valkyrie was one of two firms to launch the first bitcoin futures ETF products last week. Source link … [Read more...] about Direxion Files for Short Bitcoin Futures ETF
How To Short Bitcoin (BTC)?
For investors that consider that Bitcoin (BTC) could move downwards, there is a way to profit from it: short selling Bitcoin. But how to short Bitcoin? There are numerous platforms that would offer you the necessary tools to short sell Bitcoin. In this guide, we share with you all the details on how to short sell Bitcoin. This includes information about the venues that are … [Read more...] about How To Short Bitcoin (BTC)?
Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
As Bitcoin dips back below $50,000, data is emerging of a possible short-term bearish outlook.Bitcoin supply shock dynamicsWill Clemente, self-described as a “Lead Insights Analyst,” anticipates short-term bearish action for the Bitcoin price. This, he explains, is due to three factors – a drop in illiquid supply ratio, BTC inflows into exchanges, plus profit taking by whales … [Read more...] about Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks
Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength index (RSI), a momentum-gauging indicator, above 70 — a mark … [Read more...] about 3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks