Gate.io Blog Daily Flash | SEC approves Bitcoin futures fund ETF；25000 Bitcoins were liquidated after the Fed Reserve raised interest rates

Daily Flash | SEC approves Bitcoin futures fund ETF；25000 Bitcoins were liquidated after the Fed Reserve raised interest rates

06 May 12:29

Today's Topic - SEC approves Bitcoin futures fund ETF

On May 6, the Securities and Exchange Commission (SEC) approved ValkyrieXBTO Bitcoin futures fund ETF.

Will the SEC approve the Bitcoin spot ETF as well?

Today's Chart - After the announcement of interest rate hike, the market added 26,500 open interests of Bitcoin

Glassnode tweeted that after the Federal Reserve announced interest rate hike yesterday, the market added open interests worth over 26,500 Bitcoin.

However, in today's sell-off, almost all open interests (approximately 25000 Bitcoin) were liquidated.

Today's Influencer - Musk encountered an antitrust investigation

On May 6, according to Bloomberg, Musk encountered an antitrust investigation by the Federal Trade Commission (FTC) into the acquisition of Twitter and an investigation of delayed disclosure of changes in shareholding

Will Musk ride out the investigations?

Hot events yesterday - #South Korea allows IC0, #Vitalik Buterin #ENS the most successful

Gucci became the first luxury brand to accept cryptocurrency payment

South Korea's new government will allow IC0 to be issued

California issued an executive order on cryptocurrency and announced the blockchain roadmap

Vitalik Buterin: ENS is by far the most successful non-financial Ethereum application

TIME magazine publishers have submitted trademark applications for NFT and metaverse

Author: Gate.io Researcher: Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.
*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.

ETH/USDT + 5.04%

DOGE/USDT + 3.13%

BTC/USDT + 1.06%

ENS/USDT + 19.98%

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Daily Flash | SEC approves Bitcoin futures fund ETF；25000 Bitcoins were liquidated after the Fed Reserve raised interest rates

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