Forex. Cryptocurrency Forecast for today
A steady uptrend is visible. The capitalization of the cryptocurrency market by the end of Thursday amounted to 2.52 trillion US dollars against 2.46 Wednesday. A positive news background increases long positions on digital gold.
According to a report by CoinShares, the inflow of funds to funds based on digital assets from October 9 to October 15 amounted to $ 80 million. The total volume of assets in such products rose to a new record of $72.3 billion. The main flow of investments was directed to bitcoin.
An important signal for the cryptocurrency market was the approval of ProShares' application to launch a Bitcoin Strategy ETF futures exchange-traded fund by the U.S. Securities and Exchange Commission (SEC). We are witnessing a consistent move by the US authorities to finally secure the lion's share of the digital assets market.
Cryptocurrency companies have repeatedly tried to get the approval of the U.S. Securities and Exchange Commission (SEC) to create a bitcoin ETF since 2013, but the regulator has always rejected their applications. The launch of such an ETF increases the legitimacy of cryptocurrencies and facilitates investment in this market by institutional investors.