A quiet week for crypto<\/span><\/h2>\n
While mainstream interest in Bitcoin<\/a><\/span> has certainly been flowering since it started its bull run over the course of the pandemic, this week brought relatively humble tidings to the coin.<\/span><\/p>\n
The biggest news is that former White House communications director Anthony Scaramucci\u2019s hedge fund, SkyBridge, has<\/span>filed for a Bitcoin ETF<\/span><\/a>. It\u2019s not its first <\/span>Bitcoin investment<\/span><\/a> product, either. Back in January, the Zoom launch call for<\/span>its Bitcoin Fund crashed<\/span><\/a> when over 6000 prospective investors tried to join at once.\u00a0<\/span><\/p>\n
ETFs<\/span><\/a> are considered the holy grail of low-risk investment vehicles into cryptocurrencies. And<\/span>since the resignation<\/span><\/a> of former US Securities and Exchange Commission chair Jay Clayton, there has been hope of getting ETFs green lit in the US.\u00a0<\/span><\/p>\n
An ETF, or Exchange Traded Fund, is an auditable financial instrument that allows investors to buy into <\/span>crypto<\/span><\/a> while having the peace of mind that their money is going into a fully regulated investment vehicle, and not out into the unregulated wilderness of crypto.\u00a0<\/span><\/p>\n
Three ETFs have already launched north of the border in Canada. The first was launched by Purpose, the second by Evolve and the third by CI Galaxy. Both Purpose and Evolve made it into the top 20 Canadian ETFs on the first day of launch. Purpose\u2019s ETF even amassed<\/span>$421 million in assets<\/span><\/a> under management in the first two days. Trading has<\/span>since cooled down<\/span><\/a> for the Canadian ETFs.<\/span><\/p>\n

Crypto still hits some ATHs<\/span><\/h2>\n
On Thursday, <\/span>Bitcoin<\/span><\/a> miners earned a record-setting <\/span>$64 million in one day<\/span><\/a>. That day, the market capitalization of the crypto economy <\/span>hit $2 trillion<\/span><\/a>, making Bitcoin the<\/span>world\u2019s third most valuable currency<\/span><\/a> by market capitalization, according to Deutsche Bank.<\/span><\/p>\n
And if that wasn\u2019t enough, NFT<\/a><\/span> fever is still going strong over on the <\/span>Ethereum<\/span><\/a> network. Following<\/span> the historic $69.3 million sale<\/span><\/a> of a piece of digital artwork by artist Beeple earlier this month, British comic legend John Cleese has joined the fray with an announcement:<\/span><\/p>\n
Would anybody like<\/span>to buy the Brooklyn Bridge<\/span><\/a>?<\/span><\/p>\n
\n
Disclaimer<\/h4>\n
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.<\/p>\n<\/div>\n<\/div>\n
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[ad_1] Although Bitcoin was edging towards anew all-time high yesterday, it couldn\u2019t keep the momentum going into today.<\/p>\n","protected":false},"author":1,"featured_media":2509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31],"tags":[2505,61,790,3552,362,2680,3551],"class_list":["post-2508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-polkadot","tag-60k","tag-bitcoin","tag-decrypt","tag-dips","tag-market","tag-overnight","tag-retreats"],"featured_image_urls":{"full":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",0,0,false],"thumbnail":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"medium":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"medium_large":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"large":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"1536x1536":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"2048x2048":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"morenews-featured":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"morenews-large":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false],"morenews-medium":["https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/12\/Altcoins-gID_2.jpg",null,null,false]},"author_info":{"info":["wolf2021"]},"category_info":"Polkadot<\/a>","tag_info":"Polkadot","comment_count":"0","_links":{"self":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/posts\/2508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/comments?post=2508"}],"version-history":[{"count":0,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/posts\/2508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/media\/2509"}],"wp:attachment":[{"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/media?parent=2508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/categories?post=2508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecryptowolf.net\/wp-json\/wp\/v2\/tags?post=2508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}