Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Cryptocurrency Rally: Bitcoin and More Soar on New Hopes for ETF

TheMotleyFool 
0 0 23.10.23
Cryptocurrency Rally: Bitcoin and More Soar on New Hopes for ETF: https://g.foolcdn.com/editorial/images/751940/bitcoin-falling-apart.jpg
 

The weekend brought another rally to the cryptocurrency market as investors speculated that a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) could be imminent. And if one ETF is approved, there could be a flood of investors moving into the market. 

Values are rising across the crypto industry, but the big names are advancing more than normal today. Bitcoin is up 5.6% from the market's close on Friday, Ethereum (CRYPTO: ETH) has gained 4.9%, Solana (CRYPTO: SOL) has gained 9.8%, and Dogecoin (CRYPTO: DOGE) has advanced 6.7%. 

No Bitcoin ETF has been approved yet, but investors are positioning themselves for when that day comes. The theory is that an ETF will bring in new investors to crypto, including institutional investors who may not want to take on the custody risk of crypto but are interested in owning the assets.

Continue reading


Source Fool.com

Sol Stock

€34.85
0.730%
Sol gained 0.730% compared to yesterday.

Show more
Like: 0
BTC
Share

Comments

Not a member yet? Sign up for free!