ProShares ETFs exemplify ‘buy the rumor, sell the news’ in crypto markets

ProShares ETFs exemplify ‘buy the rumor, sell the news’ in crypto markets
фото показано с : cryptoslate.com

2023-11-28 15:00

Quick Take

The world of financial assets has a well-known pattern: a surge in asset prices prior to expected positive developments or ‘good news,’ followed by a notable slump when the event occurs. This phenomenon, often referred to as ‘buy the rumor, sell the news,’ suggests the interplay of strategic, perhaps institutional, buying and retail investors often left buying at the peak.

For instance, the ProShares Bitcoin Strategy ETF (BITO) launch in October 2021 coincided with the peak of the bull market for crypto. This event accumulated over $1 billion in trading volume and marked a top in the cycle. Conversely, the BITI ProShares Short Bitcoin Strategy ETF, which offers investors the opportunity to bet against Bitcoin, marked a local trough in June 2022 amidst the Luna collapse.

BTCUSD, BITI, BITO: (Source: Trading View)

This pattern isn’t limited to digital assets. When the Gold ETF (GLD) was introduced in November 2004, it opened around $45 and dropped to approximately $41 by May 2005. However, it saw an impressive 268% increase over the subsequent seven years.

GLD 2004 – 2013: (Source: Trading View)

The post ProShares ETFs exemplify ‘buy the rumor, sell the news’ in crypto markets appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Goodomy (GOOD) на Currencies.ru

$ 0.0002667 (-0.99%)
Объем 24H $0
Изменеия 24h: -6.78 %, 7d: -19.37 %
Cегодня L: $0.0002667 - H: $0.0002749
Капитализация $165.511k Rank 99999
Доступно / Всего 620.509m GOOD

developments expected prices prior good positive followed

Источник: cryptoslate.com

developments expected → Результатов: 40


Фото:

The Arrest of Sam Bankman-Fried Only Marks The Start Of Expected Lengthy Legal Proceedings

Media is awash with the news that Sam Bankman-Fried (SBF), the former CEO of the collapsed FTX cryptocurrency exchange, was arrested by Bahamas law enforcement on Monday, Dec 12, 2022. Authorities and crypto investors are keenly following the developments of SBF’s arrest, with the ensuing legal proceedings expected to throw more light on what led […]

2022-12-14 22:08


Ethereum’s Istanbul hard fork scheduled for early December

As Ethereum 2. 0 approaches its expected deployment timeline, the community has been shedding focus on other developments within the ecosystem. While Ethereum co-founder Vitalik Buterin recently highlighted the recent change in Sharding protocol, Tim Beiko, Product Manager at PegaSys Protocol Engineering shared yet another update regarding the much expected Istanbul hard fork.

2019-10-26 20:30


stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

2019-6-18 18:15


Фото:

The Largest Blockchain Conference in Asia to be Held 30–31 January in Yokohama, Japan; Over 150 Companies Participating

CoinSpeaker The Largest Blockchain Conference in Asia to be Held 30–31 January in Yokohama, Japan; Over 150 Companies Participating The second Japan Blockchain Conference in Yokohama, Japan, will once again bring together 150 expert companies and organizations in the cryptocurrency and blockchain field from around the world, showing their latest developments to an expected audience of 25,000.

2018-12-13 20:39


XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.

2018-10-12 21:30


Фото:

India’s Apex Bank Forms New Unit to Handle Blockchain Regulations

The Reserve Bank of India (RBI) – the country’s apex bank, has set up a department tasked with monitoring developments in cryptocurrency, blockchain technology, and artificial intelligence. This move comes as commercial banks are still prohibited from facilitating cryptocurrency transactions and the Supreme court decision on the matter expected later in September 2018.

2018-8-27 19:29


Фото:

EU’s European Blockchain Observatory and Forum to Host Blockchain AMA

The European Union (EU) has announced that it will host an online Ask Me Anything (AMA) session on June 18, 2018, at 6 p. m. CEST. The event, organized and hosted by the European Blockchain Observatory and Forum of the EU, will last for 90 minutes and cover blockchain technologies with in-depth explanations, interactive discussions with panelists and public questions answered live.

2018-6-13 20:42


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Polymarket faces potential ban in France amid gambling concerns

A ban on Polymarket in France could set a precedent for stricter global regulations on crypto-based prediction markets, impacting their growth. The post Polymarket faces potential ban in France amid gambling concerns appeared first on Crypto Briefing.