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🦅 SEC To Approve The First-Ever US Bitcoin ETF

It's the super bullish news the industry has been long waiting for.

Hey Blockster, Are you ready for some super bullish news? If your answer is a "yes", then here you go: the US Securities and Exchange Commission (SEC) will likely approve the first-ever Bitcoin exchange-traded fund (ETF) of the nation. According to sources cited by Bloomberg, the ProShares Bitcoin Strategy ETF, an exchange-traded fund offering investors regulated exposure to BTC futures contracts, is expected to launch on October 18, which marks the day of the SEC's decision deadline. While the finance magazine's sources say the ProShares futures ETF is a "pretty much done deal", as their deadlines are getting closer, we may see further Bitcoin-based exchange-traded funds getting approved over the next two weeks. As a result of the news, Bitcoin has quickly entered into a massive bull run, recording nearly 4% daily gains while trading at $59,800 at the time of writing this newsletter. For more information about US Bitcoin ETFs and their expected approval by the SEC, we highly recommend taking a look at the following article on Blockdesk. While it's nearly impossible to find as bullish news as the SEC's expected Bitcoin ETF approval, we have collected some exciting cryptocurrency stories for you to end your week. Check them out below: Bitcoin Vs Ethereum – Why These Two Have Been At War Since Day One – While Bitcoin (BTC) and Ethereum (ETH) serve a different purpose – the prior is an excellent store of value and the latter powers an enormous hub for dApps –, the two cryptocurrencies have been long fighting for the top spot on the market. Why Exchanges Want To Keep Your Funds On The Exchange – Liquidity – Many recommend users to hold their funds to their own wallets where they control their private keys. On the other hand, exchanges offer a multitude of products and services to encourage crypto enthusiasts to keep their coins on their platforms. My Three Favorite Signs Of A Crypto Scam – Since there's great money involved in crypto, users have to be aware of scammers' attempts to steal their hard-earned funds. In this article, we have collected the top three signs to spot fraudulent schemes targeting the digital currency industry. Putin Recognizes Crypto's Value, But Not As A Dollar Replacement In Oil Trades –– While Russia considered restricting crypto activities in the past, president Vladimir Putin recently recognized the value of cryptocurrency, despite stating that it is not yet fit to replace the US dollar in oil transactions. At the same time, the nation's deputy finance minister confirmed that the government is not planning to impose a blanket ban on digital assets. Hope you enjoyed the cryptocurrency stories we have collected for you this week. Be sure to check back on Monday, as we will return with a new collection. Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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