Market rebounds as fear subsides and news articles focuses on the core use cases of blockchain technology.
0:43 Market Analysis
2:10 Vechain & China, what’s happening in China
4:01 Canada: Regulators Approve Country’s First Blockchain ETF
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I hope we are not going into long term bearish trend.
Accoring to this analysis, Bitcoin is doomed: bearish frightened cat pattern! JK This is satire.
https://steemit.com/bitcoin/@smallstepschange/reaking-btc-technical-analysts-warn-the-bearish-frightened-cat-pattern-is-forming-bitcoin-is-doomed
I have a bad feeling we could see $6,000-7000 prices before things start to really recover. Who knows with so many things up in the air.
Seem like it rebounds. Most green today.
I really love how Canada really seems to embrace cryptocurencies. Good job.
Seems like the CoinTelegraph article is confusing Blockchain ETF with Bitcoin ETF and Bitcoin futures markets.
From the article:
The source for this assertion is another one of their own articles:
But according to Coindesk, and the Globe and Mail article where they picked up the info:
Was that HBLK on the TSX ?
Is there a Full name for the ETF?
It is set to launch on the Toronto Stock Exchange next week.
Seems like it is Blockchain Technologies ETF.
Thanks,
First Trust Portfolios Canada "BLCK" ticker on TSX next week
Harvest Portfolios' Blockchain Technologies ETF (ticker: HBLK) and First Trust Portfolios Canada's First Trust Indxx Innovative Transaction & Process ETF (ticker: BLCK) are two different things. The first is set to launch on TSX next week, the second they are seeking to launch and they have filed their first prospectus with regulators this week.
i appreciate that information .
Im still wary of thr market faking us out. This past month has exposed much of the fraud and manipulation. Just like when tide gets low you can see all of the bottom feeders. Im very worried about the Tether situation although it does not directly affect many cryptos it does affect the largest BTC exchange around.
Crypto market is so jerky . Seems it cant settle , swing is the friend . Wild guess now . Of course few weeks down the road is very important
Though the Canadian crypto-buyers aren't the biggest chunk of influencers, this move by the government is huge for the market and should definitely influence it in a rather positive manner. Thanks for sharing all this information with us all on Steemit.com
Namaste :)
Great news and crypto market rebounds. It's a great day! Thank you for the information.
So the ETF does not own underlying Crypto assets; instead, it invests in companies using blockchain technology? Still good news as it helps increase mainstream adoption by supporting these companies venturing into the technology. Once the market stabilizes and regulation framework is clarified, ETFs for crypto assets will eventually be approve. It is in the best interest of regulators to let the free market determine its appetite and risk tolerances.
Wao...Great post i ever seen before... a very informative, valuable and perfect prediction report i ever seen. it shows writer great interest and command on cryptocurrency ups and downs. Thanks for sharing valuable info with us, please keep it up, happy steeming !
yeah. this rebounce looks pretty healthy. btc will bounce back 10k with no time.
This is huge news for canadians citizens. Open more doors to be accepted.
these huge down days are always my best trading days. I think it's important for those in crypto to know how to invest and what strategy they are using.
I am investing both long term and HODL'ing but I am applying solid strategies I feel . A down day should never put you in a panic.
Seems I might have to come here first for your latest content. Steemit + DTube1st, Youtube 2nd