Trade With 250x Leverage, Only Available on BitMEX
Apr 19, 2024
Knock-on effects were seen with spot bitcoin ETFs available in the US. Canadian spot bitcoin ETFs lost $424M in funds and leverage futures funds accumulated $1.0B in funds amidst the rally in price. This surge was primarily fueled by the overwhelming demand for the recently introduced spot bitcoin ETFs. Essentially all of the same bitcoin spot ETF sponsors have spot ether ETF applications in front of the SEC, including BlackRock, Fidelity, and Grayscale. Ahead of the launch of spot bitcoin ETFs, we saw at least 2 dozen meetings between the sponsors and the agency.
