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$Fisker (FSR.US)$ 50 day EMA just crossed 200.. 100 day about to cross 200 as well 👍
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What was expected to be a wave of U.S. exchange-traded funds tied to Bitcoin futures has all but dried up -- for now -- after off-the-charts demand for the first one rattled Wall Street's all-important middlemen.
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?
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Source: Bloomberg
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?
FOLLOW ME to know more about ETFs
PLZ leave your comments and likes below
Source: Bloomberg
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UPDATED VERSION PART 1 $FSR — STOCK & OPTION PLAY
NEED IT TO BREAK OVER: $16.75
key indicator for MORE uptrend - $16.88
confirmation uptrend - $17.08
mini breakout - $17.38
full breakout - $17.78
SEMI PARABOLIC - $18.02
stop loss — $15.73
& support - $15.49. $Fisker (FSR.US)$
NEED IT TO BREAK OVER: $16.75
key indicator for MORE uptrend - $16.88
confirmation uptrend - $17.08
mini breakout - $17.38
full breakout - $17.78
SEMI PARABOLIC - $18.02
stop loss — $15.73
& support - $15.49. $Fisker (FSR.US)$
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There're solid evidence and data indicate that the "apeulation" always show significant growth when the market is experiencing bumpy rides. They call themselves "Ape". And this species is mostly inhabitant in AMC continent, GME continent, or other special lands like these. They are one of the most unique animals. Weak when being alone, but extremely strong when sticking together.
Let's take a tour of the wonderland and see these magical creatures together.
@deluxe beanAPE STRONG TOGETHER MEANING......
"What that means is, great apes work together for a common good, goal, or in ways that benefit both parties, and it is not out of the question to think this would extend to other species.”
WHEN ITS HUMPDAY AND ITS GREEN!!
disappointed and happy at the same time. lol active stock its fun. Good times!
@MindOverMatter: Me waiting $AMC Entertainment (AMC.US)$
I'm not sure about what animal is this, whatever.
@Listenerhater: $AMC Entertainment (AMC.US)$ When is 60
@allen kidd: $AMC Entertainment (AMC.US)$
@drferdi: Stare Down! $AMC Entertainment (AMC.US)$
@CoolWaterCoolWater: Don’t think of selling. We are here not for small money. $AMC Entertainment (AMC.US)$
Here comes the spirit for all Apes!
@Questionable Invts: $AMC Entertainment (AMC.US)$ We ain't stupid, we're insane in the membrane!!!! HOLDLINE APES!!!!!
@Mr Trecherous: "Strong people don;t put others down. They lift them up"
This week, we'd like to invite you to comment below and tell about what is "Ape Spirits" to you? You can also post some memes about "Apes"!
We will select 20 TOP COMMENTS by next Monday.
Winners will get 88 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
You may post:
● A related meme in gif or jpeg
● What is Ape spirit to you
● Other creative ways to show your sense of humor
That's all, peace!
Let's take a tour of the wonderland and see these magical creatures together.
@deluxe beanAPE STRONG TOGETHER MEANING......
"What that means is, great apes work together for a common good, goal, or in ways that benefit both parties, and it is not out of the question to think this would extend to other species.”
WHEN ITS HUMPDAY AND ITS GREEN!!
disappointed and happy at the same time. lol active stock its fun. Good times!
@MindOverMatter: Me waiting $AMC Entertainment (AMC.US)$
I'm not sure about what animal is this, whatever.
@Listenerhater: $AMC Entertainment (AMC.US)$ When is 60
@allen kidd: $AMC Entertainment (AMC.US)$
@drferdi: Stare Down! $AMC Entertainment (AMC.US)$
@CoolWaterCoolWater: Don’t think of selling. We are here not for small money. $AMC Entertainment (AMC.US)$
Here comes the spirit for all Apes!
@Questionable Invts: $AMC Entertainment (AMC.US)$ We ain't stupid, we're insane in the membrane!!!! HOLDLINE APES!!!!!
@Mr Trecherous: "Strong people don;t put others down. They lift them up"
This week, we'd like to invite you to comment below and tell about what is "Ape Spirits" to you? You can also post some memes about "Apes"!
We will select 20 TOP COMMENTS by next Monday.
Winners will get 88 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
You may post:
● A related meme in gif or jpeg
● What is Ape spirit to you
● Other creative ways to show your sense of humor
That's all, peace!
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Thursday, after a choppy day the stock market finished sharply lower as worries about economic growth, nationwide health conditions and Chinese stocks interference led to a shakeout from lofty levels.
The $S&P 500 Index (.SPX.US)$-0.86% had only its second down day of the last 10 sessions. The $Dow Jones Industrial Average (.DJI.US)$-0.75% and $Nasdaq Composite Index (.IXIC.US)$-0.72% also slumped.
10 top-traded US stocks for Thursday
$Kansas City Southern (KSU.US)$
The $S&P 500 Index (.SPX.US)$-0.86% had only its second down day of the last 10 sessions. The $Dow Jones Industrial Average (.DJI.US)$-0.75% and $Nasdaq Composite Index (.IXIC.US)$-0.72% also slumped.
10 top-traded US stocks for Thursday
$Kansas City Southern (KSU.US)$
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