{"id":5580,"date":"2021-10-26T14:30:52","date_gmt":"2021-10-26T14:30:52","guid":{"rendered":"https:\/\/afluxcoin.com\/30\/bitcoin-etfs-are-all-the-buzz%e2%80%8a-%e2%80%8aanalysis-25-oct\/"},"modified":"2021-10-26T14:30:52","modified_gmt":"2021-10-26T14:30:52","slug":"bitcoin-etfs-are-all-the-buzz%e2%80%8a-%e2%80%8aanalysis-25-oct","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/zh\/30\/bitcoin-etfs-are-all-the-buzz%e2%80%8a-%e2%80%8aanalysis-25-oct\/","title":{"rendered":"Bitcoin ETFs Are All the Buzz\u200a\u2014\u200aAnalysis, 25 Oct"},"content":{"rendered":"<p>Proshares Bitcoin Strategy ETF was officially launched on Tuesday, October 19th, and it started trading on the New York Stock Exchange (NYSE). The ticker of the first Bitcoin-linked ETF in the U.S. on NYSE is BITO:Source: TwitterThis long-awaited event has marked the beginning of the Bitcoin ETFs era. VanEck, a global investment manager, has also applied for a Bitcoin-linked ETF with the U.S. Security and Exchange Commission. The ETF is to be launched on Monday this week:Source: TwitterValkyrie Bitcoin Strategy ETF started trading on Nasdaq on Friday, October 22nd:Source: TwitterBecause of the launches of the Bitcoin-linked ETFs, the bullish market sentiment has intensified, and BTC recorded a new all-time high at the level of approximately $67,000:Source: TwitterNevertheless, some financial experts believe the Bitcoin price increase results from inflation concerns rather than the Bitcoin-linked ETFs. According to the investment strategist from JPMorgan, the perception of Bitcoin as a better inflation hedge than gold is the key driver of the cryptocurrency price:Source: Bitcoin MagazineFamous Bitcoin bull and Twitter CEO Jack Dorsey seconds this point of view as well.Source: TwitterLast week was quite dynamic for the cryptocurrency market. In the first half of the week, the price of Bitcoin increased and set a new all-time high. However, closer to the beginning of the weekend, a pullback took place. Now, the Monday market starts with a small price rebound. According to Coin360.com, one Bitcoin costs \u20ac53,838.70 (+3.17%), one Ethereum \u2014 \u20ac3,564.67 (+1.33%), one DOGE \u2014 \u20ac0.2301 (+8.61%), and one UNI \u2014 \u20ac22.69 (-0.19%):Source: Coin360.com (Daily crypto market performance)Now, let us analyze the price charts of the leading cryptocurrencies against the euro in the most noteworthy time frames.BTC\/EURIn the weekly chart (1W), after the Three White Soldiers candlestick formation, BTC\/EUR has formed a Shooting Star \u2014 a small bearish candlestick with a long upper shadow\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Proshares Bitcoin Strategy ETF was officially launched on Tuesday, October 19th, and it started trading on the New York Stock Exchange (NYSE). The ticker of the<span class=\"excerpt-hellip\"> [\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\/zh\/wp-json\/wp\/v2\/posts\/5580"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=5580"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/5580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=5580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=5580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=5580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}