Bitcoin ETF Approval Coming Soon

ANTICIPATION GROWING AS BITCOIN ETF APPROVAL COMING, SOME ALTS TO EXPLODE

BTC TOP 3

BTC ETF NEWS

Bitcoin ETF approval on the way

Since the start of October, the likelihood of BTC ETF approval has been the talk of the town. But how likely are we really on getting a pass?

Recently, circulating across different media platforms is all about the ‘good signs’ of getting an ETF approved very, very soon.

In a tweet, it was said that the Valkyrie ETF has just updated their bitcoin futures ETF prospectus and assigned the ticker $BTF. Although there was no fee yet, people who heard the news are getting more and more bullish. Why would Valkyrie Investments do that? This could mean they are “ready to launch”.

Furthermore, Ark Investment Management LLC just filed for a Bitcoin Futures ETF with the ticker $ARKA today, October 14.

Surely, these two good signs will pump the hype around Bitcoin ETF approval, driving BTC price even higher. All-time high just seems to be around the corner, isn’t it?

BTC PRICE UPDATE

Nothing much has changed on the crucial levels to watch for the market. The $55.5k support level is still holding strong. Interest going steady. More and more bulls coming in as we are heading to an all-time high.

Breaking and closing above $58k, which looks very likely to happen in the coming days, would then indicate $60k is only a step away. When that happens, we’ll likely see a lot of commitment from the market, a lot of people joining in and putting in long positions on BTC.

One crypto YouTuber even said we could be back to the all-time highs ($64.5k) next Friday.

Looks like things are really about to explode! Are you ready?

NOT ONLY BTC, ALTS ARE EXPLODING TOO

One of the top gainers today was Polkadot (DOT).

As the Polkadot ecosystem is getting ready for their most-awaited Parachain Auctions, the excitement among the DOT community is pushing the price back up heading to its all-time high.

Trading at around $39 as of this writing and after breaking through the all-time high of $49, the next target that investors are eyeing for this altcoin is $75. One analyst even said DOT is most likely to follow SOL and other Layer-1 tokens to hit the $100+ price level.

Ethereum has been running towards its all-time high, too. Currently, the ETH price is at $3,780, a 5% jump within 24 hours.

Aside from these coins, which coin are you bullish on?


ABOUT THE AUTHOR

Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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