Canada Approves Its Third Bitcoin ETF
Canadian regulators have approved another Bitcoin exchange-traded fund (ETF).
The approved Bitcoin ETF will be launched today by the CI Global Asset Management group.
This marks the third time that the said country’s regulators are enabling Bitcoin ETF launch.
Canada’s securities regulators have approved another Bitcoin exchange-traded fund (ETF). In fact, the Bitcoin ETF is expected to launch March 9 by CI Global Asset Management.
Once launched, the Bitcoin ETF will begin peer-to-peer (P2P) trading via the Toronto Stock Exchange under the symbol BTCX. This will give investors exposure to the Bitcoin asset through an institutional-quality fund platform. Moreover, by holding BTCX, investors will get access to invest directly in Bitcoin via the Bloomberg Galaxy Bitcoin Index (“the BTC’’).
Nervous newbies are taking profits while long-term BTC investors hold strong
Long-term Bitcoin holders appear not to be selling despite 2021’s all-time highs, while nervous newbies have been taking profits along the way.
According to Unchained Capital’s “Hold waves” chart — which visually illustrates the time since BTC wallets were last active on-chain, 2021 has seen an increase in both long and short-term activity.
Crypto influencers scramble to recover Twitter accounts after suspensions.
According to a March 10 tweet by Bitcoin (BTC) podcaster Peter McCormack, at least six crypto-related accounts have been recently suspended by Twitter.
The listed accounts include some of the most prominent crypto figures on Twitter with over 300,000 subscribers like Bitcoin on-chain analyst Willy Woo and BTC stock-to-flow model creator PlanB, as well as crypto advocate The Crypto Dog. Other industry-related accounts like MM Crypto, The Moon, Koroush AK, and WSB Chairman — who claims that the account is not associated with Reddit’s r/ Wall Street Bets community — have also been suspended.
Crypto Forecast upgrades mobile app set to
improve overall user experience.
Crypto Forecast, an analytics firm that employs Neural Network to provide state-of-the-art crypto price predictions has released a major upgrade to its mobile app.
In addition to several fixes and improvements, the app integrated BTC PEERS as another news source. Consequently, users will have more news options to help them stay abreast of happenings in the sector.
Given that an attempt to predict crypto market prices can be disastrous, especially for new entrants without any trading experience, Crypto Forecast through its Investment Advice functionality handles the heavy lifting. The app utilizes Artificial Intelligence to analyze price movements and to predict future prices.