Week in review: October 22, 2021 — The first US Bitcoin ETF began trading
In this week’s newsletter:
✅ Transcard partners with ALT 5 Sigma to offer digital assets to its clients.
✅ This week marked a major milestone in the crypto world as the first U.S. Bitcoin ETF began trading on Tuesday.
✅ Bitcoin smashes through all-time high surpassing $66k USD!
Read our weekly round up below.
Yahoo Finance: October 21, 2021
Through the partnership, ALT 5 Sigma’s platform will provide a turnkey solution to financial institutions and businesses using Transcard’s payment solutions including liquidity, banking, and payments via ALT 5 Pay, a complete cryptocurrency payment system.
Decrypt: October 18, 2021
This week marks a major milestone in the crypto world as the first U.S. Bitcoin ETF begins trading on Tuesday. The news fueled a rally last week, driving the price of Bitcoin above $60,000 for the first time since May. .”
Bitcoin.com: October 20, 2021
The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit.
Tipranks: October 21, 2021
Uptober, so far, has turned out great for the world’s largest cryptocurrency by market capitalization. Uptober is a term coined by Crypto Twitter to describe the month of October, which is expected to be bullish for Bitcoin.
CNBC: October 20, 2021
Bitcoin, the largest cryptocurrency by market value, hit an all-time high on Wednesday, surging above $66,000. Its previous record of $64,899 was set in mid-April. This surge comes after the first U.S. bitcoin futures exchange-traded fund made its market debut on Tuesday.
BNN Bloomberg: October 22, 2021
The ProShares Bitcoin Strategy ETF (ticker BITO) ended Wednesday with US$1.1 billion under management after trading volume topped US$1.2 billion, according to a press release. That’s the quickest that an ETF has reached the US$1 billion mark, Bloomberg Intelligence data show.
Cointelegraph: October 22, 2021
A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the “up only” trend of the past week. Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin, Ether (ETH), failed to cement new all-time highs.
CryptoPotato: October 20, 2021
Galaxy Interactive — the affiliate of Galaxy Digital Holdings Ltd. — completed a $325 million funding round to expand further into the digital space. More than 70 LPs participated in the event, including institutional investors, endowments, strategic investors, and family offices.
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