$BCH has a much bigger spotlight today.
BCH is trading around $324 after a pretty aggressive move, and the catalyst is fairly clear.
CME announced plans to launch Bitcoin Cash futures on October 19, pending regulatory review.
That gives BCH another route into the institutional derivatives market, and the market reacted quickly.
There’s another piece to the story too.
Grayscale is seeking to convert its Bitcoin Cash Trust into an exchange-traded product. That filing is still awaiting approval, so I wouldn’t treat it as a done deal yet.
What stands out is how quickly BCH is being repriced around these two developments.
BTC is around $85K-$86K, but BCH is clearly having its own moment today.
After a move this sharp, I’d rather watch where BCH settles and whether buyers can hold the higher range than assume the first spike will keep running.
Not financial advice. Do your own research and manage your risk. $BCH
BCH is trading around $324 after a pretty aggressive move, and the catalyst is fairly clear.
CME announced plans to launch Bitcoin Cash futures on October 19, pending regulatory review.
That gives BCH another route into the institutional derivatives market, and the market reacted quickly.
There’s another piece to the story too.
Grayscale is seeking to convert its Bitcoin Cash Trust into an exchange-traded product. That filing is still awaiting approval, so I wouldn’t treat it as a done deal yet.
What stands out is how quickly BCH is being repriced around these two developments.
BTC is around $85K-$86K, but BCH is clearly having its own moment today.
After a move this sharp, I’d rather watch where BCH settles and whether buyers can hold the higher range than assume the first spike will keep running.
Not financial advice. Do your own research and manage your risk. $BCH