Crypto Daily Report – October 22
Oct 22, 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 22, 2021At the time of writing, the overall crypto market is trading 1.0% lower as Bitcoin and Ethereum trade 2.0% and 1.75% lower, respectively. According to Glassnode data, the average perpetual futures funding rate has dropped precipitously over the past 24 hours from over 0.05% to a much healthier 0.015%, possibly reflecting a healthy wash-out of over-leveraged traders over the past two days. News emerged yesterday that a second futures-based ETF brought to market by Valkyrie Funds will begin trading on Nasdaq this morning under the ticker $BTF, following formal approval from the SEC on Thursday. This launch comes just three days following ProShare's wildly successful launch of their own BTC ETF ($BITO). Many analysts are interested to see how well this second fund tracks spot price compared to $BITO now that ProShares is running up against its October contract exposure limit.On Thursday, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced a purchase of $25 million of Bitcoin and Ethere