BITCOIN ETF ALREADY APPROVED BY SEC

in bitcoin •  6 years ago  (edited)


Have you already noticed bulls on bitcoin this month? All altcoins haven’t changed or even down. Why?
Of course, it’s not about Charlie Lee’s tweet on July, 17 “There will be at most 21 million bitcoins in existence. There isn't even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first.” After this tweet there was a sharp rally on bitcoin and he has joked “This is what happens when my followers all buy 1 BTC.”
All ends how it starts.
Bear market in cryptocurrency world started on December last year with listing Bitcoin futures on CBOE and ended with futures expiration on June, 29 last Friday.
But let’s see what happened this month.

On July, 1 top 6th nonexchange address appears with near $550mln invested https://bitinfocharts.com/bitcoin/address/183hmJGRuTEi2YDCWy5iozY8rZtFwVgahM

After appears and smaller addresses with one transaction:
$94mln invested on July, 1
https://bitinfocharts.com/bitcoin/address/1CMbVZV7xbAiFFauuAf3tgZRhwLKXmMUZL $94

$71.3mln invested on July, 6
https://bitinfocharts.com/bitcoin/address/33ZNiyx5Z5CMkULX7ENvcKKxFNCzGJv5vQ

$62mln on July, 6
https://bitinfocharts.com/bitcoin/address/3Eg38GZgyYi29RG6eaQFCDh9H7rHwRjo3s

$56mln on July 5
https://bitinfocharts.com/bitcoin/address/3HfFd4K5YMMTtYmbKaqcsL34zuWPrRqKza

$41mnl on July 4
https://bitinfocharts.com/bitcoin/address/1NaFiF4kd2GbDVEJMyxii3nEC53fSYyj5v

$35mln on July 11
https://bitinfocharts.com/bitcoin/address/38DJ88GUf5NQwk43BZN7DtQXwfcKUrxabv

$32mln on July 11
https://bitinfocharts.com/bitcoin/address/1NrqR6uivBNYtnteC4Bdz7JBRXbobhbRNu

$37mln on July 18
https://bitinfocharts.com/bitcoin/address/3GQEVUaXVBf5pmmTJyJimabZGWSCaRiEPS

$33mln on July 6
https://bitinfocharts.com/bitcoin/address/3FXtHooyGDH9Hv47yjH2NihrWNwcfoNEnA

$34mln on July 19
https://bitinfocharts.com/bitcoin/address/1GQBGsWQQca9SwzoWhrBG6V5gXNv1MeXZz

$27mln on July 14
https://bitinfocharts.com/bitcoin/address/1GQBGsWQQca9SwzoWhrBG6V5gXNv1MeXZz

$25mln on July 17
https://bitinfocharts.com/bitcoin/address/14GmTT9KJTNT5G69xwgR7rRgytKrMbwwos

$25mln on July 19
https://bitinfocharts.com/bitcoin/address/19xG4i12hAh6Kd1pSGiJ1bKKank6beY69n

$25mln on July 20
https://bitinfocharts.com/bitcoin/address/19xG4i12hAh6Kd1pSGiJ1bKKank6beY69n

$26mln on July 23
https://bitinfocharts.com/bitcoin/address/3G8Jrntgb2QmJBgip6yEE52rRWJEijYxvw

$21 mln on July 2
https://bitinfocharts.com/bitcoin/address/16CRubfNgSejBfFeu772kST5ynU4jd6H8U

$24mln on July 18
https://bitinfocharts.com/bitcoin/address/3Gn1gmktpRhUm6Jsg1e1Tj1k4WL25DNW7c

$20mln on July 10
https://bitinfocharts.com/bitcoin/address/16HsJZyjKNia36w26N9NEiJSCB19ccUPAD

$20 on July 6
https://bitinfocharts.com/bitcoin/address/3EvNrv65YVLXMDzS1SUUh6ZfyGJbkNKmeY

We could only make suggestions for now. Are these addresses belong to different whales betting on SEC approves or to the CBOE’s Bitcoin ETF. Or maybe Insiders …
ETF is very different product compared to futures. Here we talk about physical owning, not only contracts for difference… and many many other differencies, which set a new era for cryptoworld. In details see at https://www.investopedia.com/terms/e/etf.asp .
For this research I didn’t pay attentions to new addresses for the month with more than one transaction and smaller then $20mln investment. Also I didn’t mention this address https://bitinfocharts.com/bitcoin/address/12YygZpCEC8VED2oSMQdWCq5xBnHo9ts1Z with 300mln investment on June 28, which also maybe deserve an attention.
So the total investment is over $1 250mln for now this month.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Good job. Thanks!

Good job. Thanks!

Congratulations @denha! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!