Community Articles

via CoinDesk · By CoinDesk Staff

Why Trump's bitcoin ETF plans likely collapsed before even getting off the ground

BTC

BTC/USDT

$64,736.00

+0.93%

$64,736.00

+0.93%

(24s)

24h Volume

$4,534,396,425.61

24h H/L

$64,736.00 / $64,123.00

Change: $613.00 (0.96%)

Long/Short

64.6%

Long: 64.6%Short: 35.4%

Funding Rate

+0.0031%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,527.01

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,630.19

Price$64,527.01

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):51.3

CoinDesk Staff

(04:35 PM UTC)

1 min read

Updated byEmily Watson

620 views

0 comments

Trump Media withdrew its bitcoin ETF filing as analysts pointed to fee pressure, weak demand and fierce competition in the crowded spot bitcoin ETF market.

Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,336.25 exchange-traded fund (ETF) because the economics no longer worked.

ETF analysts say the company behind Truth Social faced a brutal reality: the spot bitcoin…

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.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments