BlackRock Bitcoin ETF Golden Cross; SEC Approves Leveraged Crypto ETPs
BlackRock’s iShares Bitcoin Trust ETF (IBIT) flashed a golden cross on Saturday. The SEC approved a rule change to permit the listing of triple-leveraged Bitcoin and Ether products.
BlackRock’s (BLK) iShares Bitcoin Trust ETF (IBIT) flashed a golden cross on Saturday, while the Securities and Exchange Commission (SEC) approved a rule change allowing triple-leveraged Bitcoin (BTC) and Ether (ETH) products to be listed. According to Koyfin data, IBIT’s 50-day simple moving average…