Week in review: October 22, 2021 – The first US Bitcoin ETF began trading

Written by Robby Ramos
on October 25, 2021

In this week’s newsletter:

  • Transcard partners with ALT 5 Sigma to offer digital assets to its clients.
  • This week marked a major milestone in the crypto world as the first U.S. Bitcoin ETF began trading on Tuesday.
  • Bitcoin smashes through all-time high surpassing $66k USD!

Read our weekly round up below.

Transcard Partners With ALT 5 Sigma To Offer Digital Assets To Its Clients

Yahoo Finance: October 21, 2021

Through the partnership, ALT 5 Sigma’s platform will provide a turnkey solution to financial institutions and businesses using Transcard’s payment solutions including liquidity, banking, and payments via ALT 5 Pay, a complete cryptocurrency payment system.

ProShares Bitcoin Futures ETF Trades Tuesday: What You Need to Know

Decrypt: October 18, 2021

This week marks a major milestone in the crypto world as the first U.S. Bitcoin ETF begins trading on Tuesday. The news fueled a rally last week, driving the price of Bitcoin above $60,000 for the first time since May. .”

Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit

Bitcoin.com: October 20, 2021

The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit.

This Week in Bitcoin: BTC Reaches All-Time High

Tipranks: October 21, 2021

Uptober, so far, has turned out great for the world’s largest cryptocurrency by market capitalization. Uptober is a term coined by Crypto Twitter to describe the month of October, which is expected to be bullish for Bitcoin.

Bitcoin Is Over $66,000. Here Are 3 Questions To Ask Yourself Before You Invest

CNBC: October 20, 2021

Bitcoin, the largest cryptocurrency by market value, hit an all-time high on Wednesday, surging above $66,000. Its previous record of $64,899 was set in mid-April. This surge comes after the first U.S. bitcoin futures exchange-traded fund made its market debut on Tuesday.

ProShares Bitcoin ETF Tops US$1B Assets In Just 2 days

BNN Bloomberg: October 22, 2021

The ProShares Bitcoin Strategy ETF (ticker BITO) ended Wednesday with US$1.1 billion under management after trading volume topped US$1.2 billion, according to a press release. That’s the quickest that an ETF has reached the US$1 billion mark, Bloomberg Intelligence data show.

Bitcoin Extends Correction As Ethereum Sees ‘Picture Perfect Rejection’ At All-time Highs

Cointelegraph: October 22, 2021

A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the “up only” trend of the past week. Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin, Ether (ETH), failed to cement new all-time highs.

Novogratz’ Galaxy Interactive Raises $325 Million to Engage with Blockchain-Based Games

CryptoPotato: October 20, 2021

Galaxy Interactive – the affiliate of Galaxy Digital Holdings Ltd. – completed a $325 million funding round to expand further into the digital space. More than 70 LPs participated in the event, including institutional investors, endowments, strategic investors, and family offices.

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Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.