Bloomberg commodity strategist predicts Bitcoin ETF approval in the US next month
Mike McGlone, a Bloomberg Intelligence commodity strategist, expects the US Securities and Exchange Commission (SEC) will approve the country’s first Bitcoin ETF next month. McGlone claimed that Canada is increasing a competitive edge over the US after licensing Bitcoin ETFs from 3iQ and Coinshares in April in an interview with Stansberry Investor host Daniela Cambone […]
Mike McGlone says Bitcoin is a global reserve asset on its way to $100K
The digital assets market, which is dominated by Bitcoin and Ethereum, is expected to reach new highs following a major correction, according to an updated report from Bloomberg. Billion-dollar Bitcoin (BTC) is still on the table, according to Bloomberg’s senior commodity strategist Mike McGlone, who believes that the first-born cryptocurrency is well positioned to replace […]
Bloomberg ETF analysts predict Bitcoin futures ETF approval in October
According to Bloomberg ETF specialists, the Securities and Exchange Commission (SEC) is likely to approve a Bitcoin (BTC) futures exchange-traded product (ETF) before the end of October. On Tuesday, Bloomberg ETF analysts Eric Balchunas and James Seyffart published an investor note speculating that VanEck and ProShares’ unexpected withdrawals of Ether (ETH) futures ETF proposals could […]
Galaxy Digital partners with Bloomberg to launch DeFi index
According to Bloomberg’s announcement on Thursday, the firm has entered into a strategic partnership with Galaxy Digital Management. The partnership will help expand their crypto offerings to measure the decentralized financial space’s performance. Bloomberg announced on Thursday that it will develop an index alongside Galaxy Digital that would track nine distinct decentralized finance, or DeFi, […]