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via CoinDesk · By CoinDesk Staff

Beyond BlackRock's IBIT: A sports betting ETF bitcoin traders may want to watch

BTC

BTC/USDT

$59,186.00

-2.26%

$59,186.00

-2.26%

(24s)

24h Volume

$37,101,704,947.04

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.3%

Long: 71.3%Short: 28.7%

Funding Rate

-0.0040%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,670.67

▼ -2.30%

Volume (24h): -

Resistance Levels

Resistance 3$64,237.21

Resistance 2$62,909.86

Resistance 1$61,023.09

Price$59,670.67

Support 1$59,102.70

Support 2$57,288.86

Support 3$51,387.09

Pivot (PP):$59,916.03

Trend:Downtrend

RSI (14):30.3

CoinDesk Staff

(10:11 AM UTC)

1 min read

Reviewed byJames Mitchell

1092 views

0 comments

The Roundhill Sports Betting & iGaming ETF (BETZ) and bitcoin share a strong positive correlation, with an interesting twist.

Alternative investment vehicles such as exchange-traded funds (ETFs), led by BlackRock's IBIT, hold sway over bitcoin's price. That is well known by now.

But another ETF from the betting world has been moving in lockstep with bitcoin’s BTC$80,984.66 cycles since 2020…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CoinDesk Staff · CoinDesk

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