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Today’s Cryptocurrency Headline
The Volt Crypto Industry Revolution and Tech ETF, filed by ETF issuer Volt Equity, has received APPROVAL from the SEC to list on the NYSE Arca under the ticker symbol BTCR. The fund provides exposure to “Bitcoin Industry Revolution Inc.” The portfolio includes BTC holders such as Tesla and PayPal. According to SEC filings, these companies are defined as entities that have a majority of their net assets as BTC, with most of their revenue deriving from Bitcoin mining, lending, or trading. Eighty percent of the fund’s holdings will be allocated to such shares, according to the prospectus.
Bingbon’s Bitcoin Chart
Discussions about whether the U.S. Bitcoin ETF will pass are heating up. This is accompanied by predictions of the peak of Bitcoin price in this bull market. Everyone is waiting to see if Bitcoin can hit another record high or even break $100,000. One hopeful sign is that Bitcoin price in September ended in red, but it did not fall by much. In the short term, BTC needs to stand firm at $51,000 to remain on an upward path. Once below $51,000, BTC will continue to trade in the $40,000-50,000 range.