• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Bitcoin Futures Trader Discusses Bitcoin Price Points, Significance of ETFs

newsbtc by newsbtc
2 years ago
in Uncategorized
Reading Time: 2min read
Goldman Sachs
Advertisement
Listen to Article

Investor and Bitcoin futures trader Jeff Kilburg spoke with CNBC today about his continued enthusiasm for investing in the digital currency, despite lows that, as of late, have rattled some traders.

Bitcoin Futures, Exchange-Traded Funds

“Futures Now” trader Jeff Kilburg, at the Chicago Mercantile Exchange (CME), spoke with CNBC’s Jackie DeAngelis about Bitcoin in the short term yesterday.

To kick things off DeAngelis asked Kilburg “[Are you] still a believer?” To which Kilburg replied:

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“I think it’s in the trading range, Jackie. I am still a believer. Until we see what I call significant bearishness, three closes under $6,000. So as of right now I wanna be a buyer at $6,250 as I see it staying in this range as we get clarity on this exchange-traded Bitcoin fund (ETF).”

DeAngelis follows up by asking Kilburg whether or not he predicts a near turnaround coming for Bitcoin, or whether the near future looks more like a seesaw. Kilburg replied:

“I think it’s going to be continued volatility, but it’s really contingent on this ETF.”

Bitcoin Meets More Traditional Markets

The discussion revolves around the pending decisions from U.S. regulators regarding a variety of proposed ETFs.

The Chicago Board Options Exchange (CBOE), a front runner, despite setbacks, has a hearing scheduled for September 30 — though some believe the decisions won’t come through until 2019.

“They’re talking about a new ticker being traded over in Stockholm, but it has to be domestic to really get some wind in the sales. These long term bullish buyers have to understand that people are going to have access globally to an exchange-traded product,” Kilburg said.

He added: “If we do get some absolute, significant determination that this is coming short term — this Fall — out of the U.S. regulators, yeah I think the rally continues. But right now we’re going to continue to chop as people are diving on rumors left and right.”

Although the world is yet to see a Bitcoin ETF, Wall Street’s first small step into the cryptocurrency markets was the launch of the CBOE’s and CME’s Bitcoin futures contracts at the end of last year.

Moving forward, the approval of such ETFs would aid the markets. This would be achieved by providing a safe and liquid way for groups to invest in Bitcoin. Currently, the lack of regulatory clarity and solid investment onramps is in part to blame for the lack of institutional money entering the crypto markets.

Speaking with Bloomberg this week, the Winklevoss twins discussed Wall Street’s hesitation to participate in the cryptocurrency markets, but hinted at future change that will come with time:

“Wall Street is taking cryptocurrencies seriously, however, the vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail driven market. This will change over time, but it will take time.”

Featured image from Shutterstock.
Tags: bitcoinbitcoin futuresCBoEcnbccryptocurrencyetfexchange traded fundinstitutional investmentwall streetwinklevoss
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Ethereum

TA: Why Ethereum Close Above $1,300 Could Spark A Fresh Surge

56 mins ago
Bitcoin

TA: Bitcoin Bulls Protecting $30K, Why BTC Could Correct above $32K

3 hours ago
bitcoin dominance altcoin season

Here’s The Line Separating Bitcoin Dominance From Altcoin Season

5 hours ago
bitcoin dangerous triangle pattern

A Dangerous Technical Pattern In Bitcoin Is Back, And It Is Breaking Down

10 hours ago
Bitcoin

Here’s Why Coinbase Whales Contributed to Bitcoin’s Sub-$30,000 Plunge

10 hours ago
Ethereum

Ethereum is Showing “Exceptional Signs of Strength” as Bulls Defend Crucial Level

14 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

FINDORA Research Foundation Grants 2 Million to LZMicro

January 28, 2021

FEB Inc. Announces a New Service, Cost-Effective PR Media Packages for East Asian Markets

January 27, 2021

Hodlnaut Partners with Crowe Singapore to Perform Independent Verification of US$106 Million of CryptoAssets

January 27, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.