ETF expectations

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Sponsored by   November 8, 2019 BTC MEET T-BILLS: Wilshire Phoenix filed to launch the United States Bitcoin & Treasury Investment Trust ETF in May with NYSE Arca, hoping to become the first to get SEC approval for the first BTC exchange traded fund. Unlike other applications, this ETF would invest in both bitcoin and U.S. Treasury securities, known as T-bills.  Full story TECH WAR? Zuoxing Yang, founder and CEO of Shenzhen-based bitcoin miner maker MicroBT, is being held by Chinese police, CoinDesk has learned. He’s likely being questioned in an investigation over allegations of intellectual property infringement by the firm’s rival, Beijing-based crypto mining giant Bitmain, according to a source close to MicroBT. Full story DOUBLED STAKE: Morgan Creek Digital now takes up around 1 percent of the assets of two pension funds – an investment which has more than doubled since taking their first position in the fund that closed in February. The new allocation came after seeing good preliminary results from the first investment, one of the funds told CoinDesk. Full story JOBS, INDEED: Those seeking employment in the blockchain and cryptocurrency industry have reason to be positive, says employment search company Indeed. The number of sector-specific employment ads in shares per million on the popular job listing site rose by 26 percent from 2018–2019, according to the firm’s data. On the other hand, job searches within blockchain and crypto dropped 53 percent over the same period. Full story DRUGS DEAL: A former narcotics trafficker pleaded guilty to charges that he laundered $19 million in profit through Silk Road. Prosecutors with the Southern District of New York announced a plea deal with Hugh Brian Haney on Thursday. Full story SPONSOR SECTION Building on the strong growth of CME Bitcoin futures (BTC) and demand for ways to manage bitcoin exposure, CME Group will launch options on BTC in Q1 2020 (pending regulatory approval). The contract will track the CME CF Bitcoin Reference Rate and settle into BTC, which averages nearly 7K contracts a day. ​​​​​​​--> Explore BTC options BEARISH SHIFT: Bitcoin has dropped below $9,000 as expected and is now trading near support around $8,800.With the long-held 200-day average support now breached, and a deeper decline to $8,500 may follow. A move back above the 200-day MA at $9,100 is needed to invalidate bearish pressure. Looking more long term, a bullish golden cross looks to be approaching on the weekly chart for the first time in 3.5 years. Full story UNTANGLING BITCOIN: In the latest episode of Bitcoin Macro, Meltem Demirors, chief strategy officer of CoinShares and one of the most prolific voices in the crypto space, talks to CoinDesk about the three things that bitcoin represents. Listen here WHO WON #CRYPTOTWITTER Copyright © 2019 CoinDesk, All rights reserved.  Our mailing address is:  250 Park Avenue South New York, NY, 10003, US  Want to change how you receive these emails? You can update your preferences or unsubscribe from this list