[The US stock market has opened, Grayscale GBTC trend is here]
SEC approved 11 spot Bitcoin ETFs, including:
• ARK and 21Shares: $ARKB
• Bitwise: $BITB
• BlackRock (iShares): $IBTC
• Fidelity: $FBTC
• Franklin: $EZBC
• Grayscale: $GBTC
• Hashdex: $DeFi
• Invesco Galaxy: $BTCO
• VanEck: $HODL
• Valkyrie: $BRRR
• WisdomTree: $BTCW
Since the launch of ETFs, their trends have been similar. Take gbtc as an example. Since its launch on January 11, it opened at 41.7 and fell all the way to 35.8 last Friday. Tonight, it opened at 36.1, and has not set a new low for the time being. Let's see if the market crashes at the end of the day. From the trend point of view, the short-selling volume can be further reduced.
After the ETF is approved, the trend of Btc has to follow their trend, which is slightly contrary to the consensus of decentralization, but the advantage is that institutions, big investors and big funds have come in, and this market has been valued and paid attention to, forming a stronger consensus, laying the foundation for independent market trends in the future.
At the same time, the US dollar index encountered the key resistance level of 103, which is good for the global financial market in the short term. The stock markets of the US, India, Nikkei, Germany and the United Kingdom have basically hit record highs, and only the A-share market has hit a new low since the epidemic in 2020.312.
