Bitcoin ETF Surge In Pre-Market As King Crypto Hits $63,500
Portfolio Pulse from Benzinga Neuro
Bitcoin reached a new high of $63,500, leading to a surge in pre-market activity for several Bitcoin ETFs. Grayscale Bitcoin Trust, Bitwise Bitcoin ETF, and ProShares Bitcoin Strategy ETF saw notable increases. The surge is attributed to a favorable macroeconomic backdrop and potential end of Bitcoin's correction phase.
September 23, 2024 | 10:30 am
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POSITIVE IMPACT
ARK 21Shares Bitcoin ETF experienced a 0.77% increase in pre-market trading following Bitcoin's rise to $63,500. The ETF's performance is supported by the favorable macroeconomic backdrop.
ARKB's increase is linked to Bitcoin's new high and the supportive macroeconomic environment, suggesting potential for continued growth.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Bitwise Bitcoin ETF saw a 1.31% increase in pre-market trading following Bitcoin's rise to $63,500. The ETF's performance is influenced by the positive macroeconomic environment and Bitcoin's potential upward trajectory.
BITB's increase is tied to Bitcoin's performance and the favorable macroeconomic conditions, indicating potential for further gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
ProShares Bitcoin Strategy ETF increased by 1.21% in pre-market trading as Bitcoin reached $63,500. The ETF benefits from the positive macroeconomic backdrop and Bitcoin's potential end of correction phase.
BITO's rise is linked to Bitcoin's new high and the supportive macroeconomic environment, suggesting continued positive momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fidelity Wise Origin Bitcoin Fund saw a minor increase of 0.99% in pre-market trading as Bitcoin hit $63,500. The fund's performance is influenced by the favorable macroeconomic conditions.
FBTC's minor increase is due to Bitcoin's performance and the positive macroeconomic environment, indicating potential for further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Grayscale Bitcoin Trust rose by 1.46% in pre-market trading as Bitcoin hit a new high of $63,500. The surge is driven by favorable macroeconomic conditions and potential end of Bitcoin's correction phase.
GBTC's price increase is directly linked to Bitcoin's new high and the positive macroeconomic backdrop, suggesting a continued upward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90