DeFi News Official TheBitTimes.com

ARK Invest, the investment management firm spearheaded by prominent Bitcoin advocate Cathie Wood, has teamed up with 21Shares, an exchange-traded product (ETP) provider, to introduce users to a suit that will give users exposure to Bitcoin and Ethereum futures contracts. According to the Nov. 8 post on X, the initiative will offer investors a diverse range of options for incorporating digital asset s into their trading portfolios, enhancing the accessibility and flexibility of cryptocurrency investments. No direct investments into spot BTC As outlined in the 21Shares website, a set of five products is slated to commence trading in the upcoming week, with these exchange-traded funds securing listings on the Chicago Board Options Exchange.  The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR ...

Bitcoin (BTC) price rose sharply to $35k, its highest price since May 2022. The skyrocketing prices came as new speculation about a spot Bitcoin ETF approval hit the market. Analysts say BTC could break to $40k or higher. Bitcoin price skyrocketed early Tuesday to hit highs of $35k for the first time in nearly 18 months. The BTC price’s sudden surge began late Monday when fresh news hit the market regarding the imminent approval of a spot Bitcoin ETF. Bitcoin skyrockets to $35k Unlike the previous ETF-triggered spike that faded just as quickly after it was the news was proved to be fake, this time BTC/USD smashed past the robust resistance at $32,800. The pump above this hurdle invalidated a bearish signal as the bellwether crypto asset to above $35k for the first time since early May, 2022. Analysts are predicting further gains to $40k if bulls hold prices above the $31k level. This outlook could indicate strength for bulls and set up BTC for another...