Bitcoin and Ethereum are trending higher, and every other day it seems like another crypto Exchange Traded Fund (ETF) is getting regulatory approval.This is my attempt at a dispassionate crypto market analysis.Let\u2019s dig in.Cboe Global Markets is looking to list and trade shares of what could be the first Bitcoin exchange-traded fund in the United States.The filing with the US Securities and Exchange Commission sought the green light for the VanEck Bitcoin Trust. In December 2020, VanEck Associates filed for the ETF for the third time since 2018, once again seeking approval for the financial product.Just last month, Canadian securities regulators cleared the launch of the Purpose Bitcoin ETF, putting Canada ahead of the US in terms of bitcoin regulatory approval in North America.As of today, the Purpose ETF holds 11,141 bitcoin ($576 million) in cold storage.Cboe Global Head of Listings Laura Morrison spoke well of the ETF\u2019s prospects in an interview, saying that \u201cthis time around we\u2019re much more optimistic than we have been in the past. The market has really changed. There\u2019s a tremendous amount of information relative to the depth and breadth.\u201d\u201cWe\u2019re really excited about being the first filing in this wave,\u201d Morrison said.An ETF would be less expensive than other products like Grayscale\u2019s GBTC, which has taken the lion\u2019s share of fully regulated bitcoin trading for years. These new products also explain the GBTC discounted pricing.This could all change very quickly.Market Dynamics Reset As BTC hovers above $50,000Bitcoin\u2019s perpetual futures funding rate reset close to zero. Historically, decreasing funding rates and unwinding open interest indicates a flush out of speculative over-leveraged trading. This increases the possibility for spot market dynamics to take the driver seat again should bull market conditions be defended.Bitcoin trades above the 20-daily EMABitcoin\u2019s parabola remains intact as USD pairing manages to move\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin and Ethereum are trending higher, and every other day it seems like another crypto Exchange Traded Fund (ETF) is getting regulatory approval.This is my attempt [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3827"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3827"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}