Morgan Stanley to Enable 15,000 Advisors to Offer Bitcoin ETFs

This edition explores significant developments in Bitcoin, including UAE's new trading capabilities, Robert F. Kennedy's Bitcoin pledge, and major investments in Bitcoin ETFs by leading hedge funds, highlighting the growing institutional interest in Bitcoin.

Morgan Stanley to Enable 15,000 Advisors to Offer Bitcoin ETFs

πŸ’΅ Welcome to BTC Insights, the Bitcoin newsletter for investors.

πŸ“ˆ Bitcoin Price - 3 Months

Source: https://www.bitcoinmagazinepro.com/bitcoin-price-live/

🌑️ Bitcoin Temperature

Be greedy when there is fear in the market and fearful when there is greed.

πŸ” Insight Articles

The Impact of US Elections on Crypto and Bitcoin Markets
As we approach another pivotal US election cycle, Bitcoin investors and enthusiasts keenly watch how political shifts might influence the cryptocurrency landscape. In this post, I explore the intricate relationship between US elections and the crypto markets, focusing on Bitcoin.

🚦Market Signals

πŸ₯Š Bitcoin Vs Other Assets

🌊 ETF Flows

Source: https://heyapollo.com/bitcoin-tracker/flows

CME FedWatch

In a span of just 2 days, the market is predicting a 0.50% cut in interest rates in the upcoming FED meeting on 18th September, 2024. This is bullish for Bitcoin.

πŸ—žοΈ Bitcoin Bytes

  • UAE residents can now trade cryptocurrencies directly with their bank accounts, enhancing accessibility in the region. Read more here.
  • Robert F. Kennedy pledges to acquire 4 million Bitcoin if elected president, highlighting his commitment to cryptocurrency. Read more here.
  • The Indian rupee has fallen to a lifetime low due to concerns over foreign outflows amid US recession fears; read more here.
Global assets like Bitcoin protect you from the devaluation of your currency.
  • Europe's fourth-largest hedge fund, Capula Management, has invested nearly $500 million in Bitcoin ETFs. Read more.
  • Morgan Stanley has authorized its advisors to offer Bitcoin ETF products, marking a significant step for Wall Street in the Bitcoin investment landscape. Read more.

πŸ•ŠοΈ Bitcoin Buzz

  • In crises, markets sell what they can, not what they want. #Bitcoin is down because it was the only market open to sell on Sunday night. - Jack Mallers
  • Check out Borovik's take on what he calls the 'Greatest Bitcoin Chart Ever' to gain insights into market trends.

πŸƒBit Laughs

Everything is fine πŸ˜…


πŸ“Š Today's Poll

Is the Bitcoin crash over?

Last week's result: Will Bitcoin's price crash further?

56% voted Yes (Bitcoin didn't crash further)

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See you in the next block.
Sandeep Goenka