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Bitcoin News Alerts | Daily BTC News

647: FIRST U.S. BITCOIN MUTUAL FUND LAUNCHED BY $60 BILLION FUND MANAGER!!!!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 29 July 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

The first publicly available U.S. mutual fund that generally tracks the Bitcoin price has been launched by a $60 billion fund manager. In a press release this morning ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). This will be the first publicly available U.S. mutual fund that generally tracks the price of Bitcoin. For complete show notes and for the full premium experience with video, visit YT channel at http://CryptoNewsAlerts.net Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Oh, that's my prime delivery.

0:01.6

What, already?

0:02.6

Only one thing can match the buzz of Prime's fast delivery.

0:06.2

And that's the buzz of Prime's entertainment.

0:09.0

What are we watching?

0:09.7

Heads of state, that new action comedy with Idris Elbert as the Prime Minister,

0:13.3

John Sina as the president, and Prianka Chopra Jonas, as their only hope.

0:17.0

It looks like a blast.

0:18.0

From fast delivery to explosive entertainment, it's on Prime.

0:22.5

For only 899 a month, join now. Content includes limited ads, subscription or to our news.

0:27.4

For more information, go to Amazon.com.uk. U.K.S. Prime. I had the absolute pleasure of speaking to Pamela Anderson.

0:34.3

All thanks to the Dove Self-Esteen project. We speak about the impact Y2K has had on women's body confidence and how Pamela has regained control. The Dove Self-Esteen project is an amazing initiative supported by science-backed methodology to help us improve our relationship with our bodies. To find more body confidence building exercises, go to dove.com forward slash

0:55.4

Y2K. That's Y2K spelled WHY2K. In today's show, a record 57,000 Bitcoin leaves exchanges in one day,

1:05.1

drop in the BTC reserves to pre-cash levels. That's right. We just witnessed the single largest net

1:09.6

outflow from exchanges yesterday since 2016, which means we need to close above $40,000 today to make nine green days in a row,

1:17.5

which will be the longest streak since May of 2017. And as Mikal Vandapop shares, Bitcoin is most

1:23.3

likely going to copy paste 2013 slash 2014 scenario, which you can see right here, which is

1:28.8

the calm before the storm before breaking out and going absolutely parabolic. I'll be breaking

1:33.1

down the latest technical analysis. Also in today's show, big institutions are buying

1:37.0

Ethereum for the first time with over 25% of the supply already used in smart contracts.

1:42.9

That's right. We're talking about massive institutional

1:44.9

adoption. And as pointed out here, I'm probably not the first to notice this, but holy smokes,

...

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