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The ETF of the future is here!

The ETF of the future is here!

The imminent arrival of a new financial product has propelled Bitcoin to a new high in the last 6 months, breaking the $ 60,000 barrier.

The world’s largest cryptocurrency had a growth of about 8% last Friday, after it was revealed that the United States Securities and Exchange Commission (SEC), would be willing to allow the listing of the first ETF composed of Bitcoin futures in  North American markets, which would enter next week according to reports from Bloomberg News. In case it gets approved, we would be witnessing a great evolution in the world of cryptocurrencies, with the incursion of crypto assets in traditional financial markets and we would also be expecting an imminent regulation that looks closer every day. This event has already begun to generate a positive impact on the market for hodlers, and that is that, last Friday Bitcoin reached a new maximum for the last 6 months, exceeding $60,000, going closer to its historical maximum. And now we go to the other side of the world, as the president of Russia, Vladimir Putin, showed a totally opposite stance to what we observed with China a few weeks ago, pointing out that crypto assets have the right to exist and that their use for making payments should be allowed. However, despite not having in mind a ban on digital assets in the Russian country, the Bank of Russia continues to warn users about the volatility and high risk involved in operating and investing in this type of assets. In other news, the digital video game platforms Steam and Epic Games showed quite different positions regarding the implementation of blockchain technology through games that use NFTs and cryptocurrencies, since the first, Steam, has decided to block all the games that include this content supposedly due to the fact that they cannot offer games with objects that have a real value outside of it. On the other hand, Epic Games, creators of the acclaimed Fortnite title, have confirmed that they are open to the implementation of games that use NFTs or cryptocurrencies, adapting to the corresponding legislation, so that although there will be certain limitations, it will just be a matter of time for us to observe the development of this innovating features on this platform. Bitcoin is currently above $ 62,000, showing a consolidation above $ 60,000, so we could see the world’s largest cryptocurrency soon at a new all-time high. For its part, Ethereum made a very interesting pullback which failed to breach the support established just below $ 3,700, so we will have to wait to see if it manages to break the $ 4,000 barrier. Remember to be aware of everything related to the Bitcoin ETF, since it was mentioned this morning that we could be expecting a very possible listing for it on the NYSE soon, which would be great news for the crypto market. Without further ado, we wish you an amazing week.

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