Join the larget crypto conference of 2019 in London
Bitcoin
$ 7,336.6
Ethereum
$ 171.27
Litecoin
$ 46.22
Monero
$ 57.91

CME Quantity Crashes 89% in three Days, SEC to Rule on ETF


Each day commerce quantity for Chicago Mercantile Change (CME)’s bitcoin (BTC) futures produced a brand new low for 2020 on Feb. 21, with $118 million price of contracts altering palms on Friday.

The file low got here simply three days after CME every day quantity exceeded $1 billion for simply the third time available in the market’s historical past, with CME bitcoin futures producing over 23,000 contracts or $1.1 billion price of commerce on Feb. 18.

Daily trade volume for CME bitcoin futures. Source: Skew

Each day commerce quantity for CME bitcoin futures. Supply: Skew

Regardless of the near-record spike in commerce exercise, CME bitcoin futures quantity rapidly light, plummeting by practically 55 p.c the following day. Feb. 20 noticed an nearly 58% drop, with every day quantity falling from $499 million to $211 million.

On Feb. 21, CME bitcoin quantity fell by roughly half for the fourth day in a row, with an additional 44% contraction. In complete, CME bitcoin quantity dropped by 89% in half every week.

The one strongest day of commerce on file for CME’s BTC futures befell on Could 13, 2019, with $1.three billion price of contracts exchanged as BTC examined $8,000 for the primary time in 10 months. Each day commerce for the contract exceeded $1 billion for the second time on June 27, 2019 – when BTC rallied by $1,500 intraday to publish 2019’s excessive of practically $13,800.

SEC to rule on Wilshire Phoenix Bitcoin ETF

The U.S. Securities and Change Fee (SEC) scheduled to make a ruling on Wilshire Phoenix’s proposed Bitcoin exchange-traded fund (ETF) on Feb. 26, the only lively software for a bitcoin ETF at the moment underneath SEC consideration.

Regardless of many crypto analysts dismissing the prospects of Wilshire Phoenix’s Bitcoin and Treasury Funding Belief being accepted, the agency’s founder, Invoice Herrmann, just lately told Cointelegraph that the corporate has “continued to have considerate and significant discussions with the fee.”

Wilshire Phoenix first submitted a proposal for the bitcoin ETF on June 12, 2019. On Sep. 24, 2019, the SEC initiated proceedings pertaining to the ETF, nevertheless, the agency up to date its submitting the next month in partnership with NYSE Arca, with Coinbase listed because the product’s custodian. On the finish of 2019, the SEC extended proceedings till Feb. 26.

On Feb. 14, Wilshire Phoenix up to date its submitting, together with the agency’s charges – $2,437, the variety of shares it initially intends to register – 8,040, and its most share worth  – $2,500.





Source cointelegraph.com

  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
  • 0

Related Posts

Leave a Reply

avatar
  Subscribe  
Notify of


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin7,336.6 0.57 % 1.47 % 10.48 %
Ethereum171.27 0.42 % 2.17 % 25.73 %
XRP0.1998 0.71 % 0.96 % 14.12 %
Tether1.000 0.10 % 0.19 % 0.23 %
Bitcoin Cash263.31 0.76 % 0.18 % 17.43 %
Bitcoin SV217.09 0.64 % 5.15 % 29.06 %
Litecoin46.22 0.73 % 1.12 % 17.40 %
EOS2.750 0.69 % 2.81 % 21.33 %
Binance Coin15.15 0.88 % 1.87 % 19.06 %
Tezos2.140 1.66 % 7.22 % 32.02 %

News Today

Bitcoin Buying and selling Rip-off Claims to Contain Prince Harry and Meghan Markle
April 9, 2020By
Crypto Corporations See Uptick in Quantity Amid World Uncertainty
April 9, 2020By
France’s CBDC Take a look at Strikes Digital Euro One Step Nearer to Actuality
April 9, 2020By
Blockchain Gaming Agency Animoca Creates Personal Buying and selling Hub for Shareholders
April 9, 2020By
Interchain Knowledge Internet hosting Challenge Combines Edge Computing With DLT
April 9, 2020By
Bitcoin Doesn’t Care as US Debt Reaches an Unfathomable $24 Trillion
April 9, 2020By
Worry, Greed and the Evolution of Cash within the Age of the Coronavirus Pandemic
April 9, 2020By
DeFi Drives Dapp Quantity Development Amid 75% Crash in On line casino Exercise
April 9, 2020By
Is Reddit Devising a Blockchain-Based mostly Tipping System?
April 9, 2020By

Market

Bitcoin
% 1h
0.57
% 24h
1.47
% 7d
10.48
USD
7,336.6
EUR
6,711.3
GBP
5,881.6
close
Thanks !

Thanks for sharing this, you are awesome !