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The U.S. equities ended the week with the worst performance since early March. The top mover for today is BCH, which soared by 83% in the past seven days after being selected as one of 4 tokens to be traded on EDX Markets.
Bitcoin Cash (BCH) was formed in August 2017 due to a hard fork of the Bitcoin (BTC) blockchain. The formation of BCH came about as the result of disagreements within the BTC community, as some members were not convinced of the plans on the BTC blockchain to adopt SegWit. The recent outperformance of ECH comes as it become one of four tokens to be listed by EDX Markets, the new crypto exchange created by traditional financial institutions. The market anticipates BCH might see a large capital inflow from institutional investors.
Check Out the Latest Prices, Charts, and Data of BCHUSDT Here!
The Volatility Shares' 2x Bitcoin Strategy ETF is set to become the first leveraged crypto ETF in the US after the SEC allowed it to go effective. Customers can gain bitcoin exposure by putting up only half of its value, and the ETF will track the CME Bitcoin Futures Daily Roll Index. This news indicates a growing acceptance of digital assets as investment options. It will be interesting to see its performance and impact on the wider cryptocurrency market, especially with traditional investment companies like BlackRock filing applications for spot bitcoin ETFs with the SEC.