Crypto ETFs & Regulatory Proposals – The Continuing Maturation Of Crypto Should Be Celebrated

Crypto exchange traded funds (ETFs) being launched make for exciting headlines, but are only one part of the maturation of the crypto sector.

History is going to be made in U.S. markets with the first ever bitcoin ETF being approved, launched, and beginning to trade, serving as the first such vehicle to be traded on U.S. exchanges. While this product is not the singular answer to the demands for crypto related investment products that some market participants have long advocated for, it is a significant step in the direction toward further proliferation. Put simply, creating a crypto ETF – in whatever form – democratizes access to the crypto space in the form of a tool that is more understandable to non-expert investors. Enthusiasm aside, there is an important caveat for potential investors to realize.

The fact that this first ETF tracks bitcoin futures, which while having received the approval of the Securities and Exchange Commission, is an area that might lead to some market confusion.

Without diving into too much minutia regarding financial products the fact that this first – of possibly many if this initial approval is a sign of things to come – ETF tracks futures could contribute to the following. First, futures do not always track the spot price (the price per bitcoin that investors may see on other apps), and so might generate different returns. Secondly, depending on the futures linked to the ETF – longer term or shorter term as well as the requirement to roll future contracts every month – the returns delivered to different investors might vary from month to month.

That said, the approval of this first ever bitcoin ETF is a significant step forward and clear recognition of how the crypto sector continues to mature and become increasingly integrated with financial markets. Crypto advocates have, and should continue to, applaud this current progress and continue to engage with policymakers.

As if this was not enough, Coinbase recently entered into the regulatory ring by publicly releasing a digital asset policy proposal. There have been any number of conversations, hearings, testimonials, accusations, and discourse around just how the cryptoasset sector is going to be regulated and overseen going forward. The proposal set forward is not perfect, with the repeated call for federally mandated regulation – an extremely centralized and top-down approach – perhaps the most worrisome aspect. Regulation, especially in a fast moving sector, is always going to represent a push and pull between regulators, market participants, and the desire to foster innovation while protecting investors.


Let’s take a look at a few of the components of this proposal that are the most interesting and worthy of further discussion and refinement.

Creating a new regulator. Kicking off this document is a call to create and empower a newly formed regulator that would have exclusive authority to regulate all cryptoassets, which is both reasonable yet somewhat aspirational. On the one hand it should be self-evident at this point that blockchain-based assets – no matter what moniker is used – function in a fundamental different way from incumbent fiat-based assets. This, in turn, makes the suggestion for a newly formed and specialized regulatory body seemingly a reasonable suggestion.

It is, however, important to note that such an action would take an act of Congress, and with 1) current gridlock and acrimony at the federal level, and 2) the questionable understanding of blockchain and crypto by some lawmakers, this seems to be a desired future outcome versus a short-term goal. Additionally, the call for a federally empowered regulator would also need to be balanced against the potential for regulatory overreach.

Consistent crypto treatment. On top of the issues around the legal and regulatory status of cryptoassets in the wider marketplace, even in the face of continued adoption and utilization, there is an underlying issue that persists. Put simply, cryptoassets are treated differently, are overseen by a number of regulators depending on the application in question, and do not have a consistent regulatory – or financial reporting approach – which continues to hamper understanding and adoption.

Developing a new taxonomy and lexicon around how cryptoassets are to be treated and classified is a clear and logical step toward clarifying the regulatory landscape. To get there, a solid first step toward more transparent and consistent treatment and conversation around cryptoassets and crypto-products is to establish common language and terminology. Such an approach also aligns with calls from organizations such as the Financial Accounting Standards Board (FASB) for input on how accounting and reporting for crypto will continue to evolve.

Self-regulatory organization. An additional point that is worthy of further analysis and conversation, regardless of which entity is the headline publisher of said policy proposal, is that the need for a self-regulatory organization (SRO) is clear. On the surface the idea of an industry or profession having input over regulations might seem contradictory, but examples such as the New York Stock Exchange (NYSE), the American Institute of CPAs (AICPA), and the Financial Industry Regulatory Authority, Inc. (FINRA) are mainstream examples of SROs in the financial sector.

Blockchain and crypto are complicated and fast-moving topics, so having a professionally managed open channel of communication between policymakers and market participants is – and will continue to be – critical to the continued maturation of the space. SROs serve an important in providing interpretative guidance to member organizations, which are almost universally active participants in the markets being regulated in the sector.

Blockchain and cryptoassets have continued to mature, develop, and become integrated within mainstream financial markets at an accelerating rate. Some might say that the shift toward legal and regulatory conversations is a negative development; the opposite is true. To truly achieve understanding and adoption by large swaths of the economy, crypto needs mature products, policy, and transparent mechanisms to communicate this information. The launch of the first ever bitcoin ETF, alongside a worthy first draft for a crypto regulatory regime, are both excellent steps in that direction.


Tagged : / /

The On-Chain Metric That Says Bitcoin Is About To Go “Parabolic”

After closing its best highest week since its inception, the bulls remain in control of the price of Bitcoin. At press time, BTC’s price trade at $61,386 with a 3.8% profit in the daily and a 12.3% profit in the weekly chart.


In the crypto top 10, only Dogecoin (DOGE) and Binance Coin (BNB) have outperformed Bitcoin as this asset’s dominance over the crypto market continues to rise.

Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The general sentiment amongst traders and operators seems bullish with potential FOMO coming in the coming weeks if Bitcoin can score a new all time high beyond $64,500.

In that sense, research firm Santiment records no spike in BTC’s Weighted Social Sentiment, a metric used to track social media and measure market sentiment. As seen below, this metric stands almost flat as Bitcoin reclaims previous highs.


As the chart suggest, there seems to be a correlation between Bitcoin and its social media sentiment. When the metric experiences sudden spikes, BTC’s price trends to the downside most likely driven by short-term investors that enter the crypto market to make a quick profit.

Get 110 USDT Futures Bonus for FREE!

Related Reading | Number Of Bitcoin Whales On The Rise As BTC Chases New All-Time High

Lately, the correlation has inverse as Bitcoin moves higher, its Weighted Social Sentiment trend lower. Santiment noted the following:

(…) traders are showing a surprisingly low level of excitement. With euphoric commentary being tempered, it’s a good sign that prices can break records in the near future without #FOMO halting momentum.

Bitcoin Loaded With Rocket Fuel

On the possibility of BTC’s price returning into uncharted territory, Charles Edwards, founder at Capriole Investments, reiterated his bullish stance.

As NewsBTC reported, two months ago when Bitcoin was trading at $45,000, Edwards reported that his Hash Ribbons indicator went bullish. Used to track BTC miner activity, this indicator flashes a buy signal when a capitulation event has concluded leading into a rally.

On this occasion, Edwards showed the Market Value to Realized Value (MVRV) indicator, a metric used to measure if BTC’s price is at under or over value, has reached 3.0.

As seen below, when Bitcoin’s MVRV stands at these levels, it has usually followed with a rally. In 2013 and 2017, the chart indicates, BTC’s price reached its all-time high prices in the coming months after the metric entered its current levels.


In the short term, bulls could face some headwind as the derivatives sector start to heat up. Analyst Ali Martinez records a 5-month high in BTC Futures Open Interest standing at $22 billion.

Related Reading | TA: Bitcoin Gearing For Lift-Off to $65K: Rally Isn’t Over Yet

In addition, on-chain activity declining in combination with a 98.34% of BTC’s total supply at unrealized profit suggest potential downside risk, as Martinez added.


Tagged : / / /

Decoin Exchange Launches New Social Trading Platform

[Featured Content]

The cryptocurrency market has expanded disproportionally throughout the past year and it’s currently valued at more than $2.4 trillion. What used to be a small niche industry is now a force to be reckoned with and more people are jumping on the bandwagon

Data from CoinGecko reveals that the daily trading volume is also in the hundreds of billions, showcasing a serious interest when it comes to trading cryptocurrencies. This has especially been the case in 2021 as Bitcoin’s price charted an all-time high at around $65,000 and many altcoins saw even more serious gains.

With this said, retail investors are joining the space in a bid to increase their fortune, but a lot of them fail. This is because they don’t have the necessary skills or knowledge to outsmart the market.

However, many are working on making cryptocurrency trading as easy and comprehensive as possible, and Decoin is no exception.

DTrade: Social Trading

DTrade is a social trading platform brought forward by the team behind Decoin. Its sole purpose is to provide a way for the cryptocurrency community to come together and copy the trades of professional traders who are also streaming their most profitable strategies live.

The exchange aims to take social trading to a new level where users are allowed to decide whether they want to watch live streaming sessions, trade, or simply put the entire thing on autopilot by copying specific traders.

This does offer some benefits, although it also has its own risks. In terms of advantages, it allows retail users with little or no prior experience to participate in a rapidly growing market where opportunities tend to abound. They can mirror professionals and get into the same trades as them.

The trading interface itself is also relatively simple to use as it looks a lot like that of other cryptocurrency exchanges with a few differences. Users are able to check out the top traders, see their trades, and automatically copy them going forward. This is how it looks like:

Main Platform Features

One of the things that users can expect is considerable transparency. They can see the profit-sharing offer which provides a full history of the deals that the top traders did, their profit statistics, their investment balance, followers, and all that. This is basically a lot of the information one would need to make an informed decision.

The reason this model works is quite simple – it provides the appropriate incentives. For the novice trader who’s looking to get crypto exposure, following someone with a lot of experience and a proven track record is the best way to go about it.

For the professional trader – it’s a win-win situation. If they make an unprofitable trade, they would lose money either way, regardless of whether someone copies them or not. But if they make a profitable one, they also get a percentage of the money earned by those who follow them. This incentivizes them to keep up their best performance and optimize their profits. Any user of Decoin can apply to become a top trader. The approval comes once simple due diligence is completed.

About Decoin

DTrade is just the social trading arm of Decoin – a cryptocurrency exchange founded in 2017 which attempts to improve continuously throughout time.

Decoin offers over 70 different cryptocurrencies to trade with, as well as leveraged trading options with Bitcoin, Cardano, Ethereum, and Binance Coin. The leverage trading options are denominated in USDT.

The exchange also has a native cryptocurrency called DTEP – it’s based on a proof-of-stake (PoS) consensus algorithm but it’s built on a dedicated and independent blockchain. DTEP holders benefit from an annual staking reward, as well as discounted fees.

Featured Image Courtesy of Decoin


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Tagged : /

Mining Giant Bitfury Confirms Plans for an IPO

Key Takeaways

  • Bitfury is planning to launch an IPO in the near future, according to comments made by CEO Valery Vavilov.
  • The company has not announced a date for an IPO, nor has it revealed the exchange that the sale will take place on.
  • The sale will likely be one of the largest initial public offerings from a European cryptocurrency company.

Share this article

The Bitcoin mining giant Bitfury has confirmed that it plans to carry out an initial public offering (IPO) in the near future.

Bitfury IPO Is On the Way

Bitfury CEO Valery Vavilov confirmed its plans to crypto news site Cointelegraph on Oct. 18, stating that the firm “will be considering an IPO as part of its broader expansion and growth plans.”

The company has not yet announced a date for its IPO, nor has it stated which exchange it will launch the IPO on.

U.K. news outlet The Telegraph previously reported that Bitfury would work with the consulting firm Deloitte in preparation for an IPO. At that time, the IPO had not been confirmed by Bitfury itself.

Bitfury’s offices are based in the Netherlands, while the company is legally based in the U.K. The offering will likely be the largest IPO from a European cryptocurrency company to date.

Bitfury is currently valued between $500 million to $1 billion.

SIMETRI Research
Sanctor Turbo Demo Day

Mining Companies Embrace IPOs

Bitfury is one of many Bitcoin mining firms that have gone public. Last week, Stronghold Digital Blockchain launched its IPO on Nasdaq. In September, Argo Blockchain ran its own sale via Nasdaq. Other crypto mining companies including Riot, HIVE, Marathon, and Canaan have also carried out IPOs in recent years.

Bitmain and MicroBT are also planning to carry out their own IPOs. However, neither firm has finalized those plans.

IPOs are likely popular among mining companies due to the fact that they work primarily with hardware rather than cryptocurrency itself. As such, they do not face the same regulations as exchanges, brokerages, and other companies that deal in crypto.

Disclaimer: At the time of writing, this author held less than $75 of Bitcoin, Ethereum, and altcoins.

Share this article


Tagged : / / / /

Dogecoin Price Analysis: DOGE Facing Critical Decision Point, Breakout Can Quickly Lead to $0.3

Dogecoin is trading inside a symmetrical triangle and is getting close to its apex and deciding its next direction. As of now, a bullish breakout seems to have higher chances than the bearish case; however, anything might change.

Once the resistance at $0.25 is cleared, DOGE will likely rally towards the next significant resistance areas found at $0.30 and $0.38. Such a move is likely to be quick and sharp, which is typical for the behavior of the meme coin.

Key Support level: $0.20

Key Resistance level: $0.25; $0.30; $0.38


Technical Indicators

Trading Volume: The recent trading action was followed by a high amount of trading volume (especially the last daily candle). This shows bulls are in control and the price is likely to move up sharply after a break of resistance.

RSI: The RSI is curving up, showing that interest in Dogecoin is picking up.

MACD: MACD went through a bullish cross on the 1st day of October, and has remained in the green territory since then. The price action of today reinforced this bias which expanded the MACD moving averages. A further price increase is the most likely scenario, as it seems now.



Bullish. Dogecoin appears ready for further gains, and it is preparing for its next major move higher. The indicators and price action support this bias. Moreover, the price is about to make a critical decision, reaching the apex of the triangle. Therefore a break is likely to occur anytime now.

Short-Term Price Prediction for Dogecoin

In case of a confirmed bullish breakout (above $0.25), we can expect Dogecoin to move quickly to the next resistance levels found at $0.30 and $0.38. In the bearish scenario, the critical support level for Dogecoin lies at $0.20.


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Tagged : / / / / /

Mudrex launches DeFi mutual fund model for retail investors

Cryptocurrency asset management firm Mudrex has announced the launch of its new Coin Sets investment vehicle.

The new offering allows investors to diversify their asset portfolio across a range of high-performing decentralized finance, or DeFi, assets, as well as nonfungible tokens, or NFTs. 

The niche financial model fosters the distribution of risk exposure in what is often considered a volatile marketplace, allowing investors to bet on the value proposition of an entire sector, rather than the individual potential of a single asset. The basket of assets is also rebalanced on a monthly basis to recalculate the risk and opportunity for investors. 

This is reportedly the first time a product of this kind has been launched to the retail marketplace, as opposed to mutual funds with similar design and functionalities that exclusively target high-net-worth clientele and institutional-grade investors.

Launched in January 2018, the San Francisco-based organization is experiencing a moment of expansion in registering over 40,000 users and has in excess of $15 million in assets under management.

In April 2020, the firm launched a digital asset trading platform titled Mudrex Invest, designed to provide automated expert trading services to regular individuals.

On Aug. 10, it was announced that the firm had received a seed funding raise of $2.5 million orchestrated by Nexus Venture Partners, with additional participation from the likes of Village Global and Kunal Shah, among others.

It is expected that the recent acquisition of funds will contribute to expanding the firm’s operational workforce, in addition to the deployment of further products and services.

Related: Portfolio rebalancing through DeFi must be simplified to see adoption

Cointelegraph spoke to the co-founder of Mudrex, Edul Patel, who commented on the identified target audience for the launch of the new product:

The demand for a simple to invest product like Coinsets is so universal that we have a lot of interest from across demographics. The product is especially attractive to new entrants into crypto who are quickly overwhelmed with the information overload in the asset class.

In addition, Patel revealed an innovative aspect of the Coin Set product that encourages a self-assembling approach to portfolio creation, as well as reporting that one of India’s largest portfolio management systems, MintingM, has utilized the model for their flagship product xMINT.

“One very interesting feature that we have enabled is letting pro traders/creators and influencers build their own Coin Sets and distribute it to their own communities to unlock wealth creation for theme.”