Crypto Daily Report – October 15
Oct 15, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightOctober 15, 2021At the time of writing, the overall crypto market is trading 1.0% higher over the prior 24 hours as Bitcoin and Ethereum trade 3.0% and 1.0% higher, respectively, over the same period. After dropping to a daily low of around $56,900 on Thursday evening, Bitcoin rallied to nearly $60,000 following the release of a Bloomberg report stating that a pair of futures-based Bitcoin ETFs would not face opposition from the SEC and should be approved next week. Bloomberg released a report on Thursday evening citing people familiar with the matter claiming that the SEC is unlikely to block the proposed futures-based Bitcoin ETF products by ProShares and Invesco set to launch next week. Barring any reversals from regulators, this would be a monumental occasion for both the ETF and crypto industries following a long fight to bring crypto products into traditional markets. Many in the investment products industry will now focus their attention on the ultimate ETF goal of bringing a spot-based product to market, a mo