July 25 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
Currently, BTC appears to be in a divergence state, with its potential rebound being observed to see if it can reach the $30,000 resistance level. The overall market has shown a downward trend, with short-term expectations focused on whether BTC can sustain support near $28,000. Should it move lower, the second support level is around the $25,000 mark.
ETF Issuer Global X Applies to US SEC for Bitcoin Trend Strategy ETF
Global X, a New York-based exchange-traded fund (ETF) issuer, has reportedly filed an application with the US Securities and Exchange Commission (SEC) for a Bitcoin Trend Strategy ETF. As a variant of Bitcoin Futures ETF, it will track the CoinDesk Bitcoin Trend Indicator Index, which "systematically and dynamically" allocates between Bitcoin futures contracts and the Global X 1-3 month Treasury ETF (CLIP). The Bitcoin Trend Indicator (BTI), created by CoinDesk in April, aims to measure the direction and strength of Bitcoin's price. The related indices have not yet been disclosed.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Currently, BTC appears to be in a divergence state, with its potential rebound being observed to see if it can reach the $30,000 resistance level. The overall market has shown a downward trend, with short-term expectations focused on whether BTC can sustain support near $28,000. Should it move lower, the second support level is around the $25,000 mark.
ETF Issuer Global X Applies to US SEC for Bitcoin Trend Strategy ETF
Global X, a New York-based exchange-traded fund (ETF) issuer, has reportedly filed an application with the US Securities and Exchange Commission (SEC) for a Bitcoin Trend Strategy ETF. As a variant of Bitcoin Futures ETF, it will track the CoinDesk Bitcoin Trend Indicator Index, which "systematically and dynamically" allocates between Bitcoin futures contracts and the Global X 1-3 month Treasury ETF (CLIP). The Bitcoin Trend Indicator (BTI), created by CoinDesk in April, aims to measure the direction and strength of Bitcoin's price. The related indices have not yet been disclosed.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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