Bitcoin, Ethereum, Dogecoin Spike As Valkyrie Funds Secures SEC Approval For ETH ETF Futures: Analyst Declares Bull Market Finally Here As 'Markets Are Heating Up'
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a surge in value following the news that investment manager Valkyrie Funds LLC has received regulatory approval from the SEC to introduce Ethereum futures to its existing Bitcoin futures ETF. The Valkyrie Bitcoin and Ether Strategy ETF is scheduled to launch on October 2. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day. Stocks rebounded on Thursday as Wall Street aimed to recover from significant losses seen earlier this month.
September 29, 2023 | 2:25 am
News sentiment analysis
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POSITIVE IMPACT
Bitcoin saw a 2.53% increase in value following the news of Valkyrie Funds LLC's SEC approval for Ethereum futures.
The approval of Ethereum futures by the SEC is a significant milestone for the cryptocurrency market, which has led to an increase in the value of Bitcoin. This suggests a positive short-term impact on Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Dogecoin saw a 1.35% increase in value following the news of Valkyrie Funds LLC's SEC approval for Ethereum futures.
The approval of Ethereum futures by the SEC is a significant milestone for the cryptocurrency market, which has led to an increase in the value of Dogecoin. This suggests a positive short-term impact on Dogecoin's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ethereum saw a 3.21% increase in value following the news of Valkyrie Funds LLC's SEC approval for Ethereum futures.
The approval of Ethereum futures by the SEC is a significant milestone for the cryptocurrency market, which has led to an increase in the value of Ethereum. This suggests a positive short-term impact on Ethereum's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100