FxWirePro- Major Crypto levels and bias summary 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
2025 Market Outlook: Key January Events to Watch 
ETFs are nothing but securities that monitors a class of securities or assets proportionately represented in the fund’s shares. Aspirant traders/investors perceive them as a budding movement among cryptocurrency gamut.
We reiterate that the cryptocurrency exchange-traded funds (ETFs) are branded as the trump card by many aspirants of the crypto-avenue of-late, who carry great deal of optimism that exchange-traded funds likely to stimulate cryptocurrencies with more authenticity in retail and institutional investors’ perspectives, while providing them with timely accessibility to those who already have a brokerage account.
However, the entire cryptocurrency industry has seen in a struggle ever since the U.S. SEC (Securities and Exchange Commission) declined the Winklevoss twins’ attempts of launching a bitcoin ETFs.
VanEck SolidX has submitted a proposal the CBOE for the rule changer of bitcoin ETF. The director of the digital-asset strategy at investment management firm VanEck, Mr. Gabor Gurbacs reckons that the SEC likely to approve a bitcoin ETF as early as possible as such mechanism likely to be the major driving force of the U.S. economy in the upcoming future.
Gurbacs discussed with the Fox Business host Liz Claman at Senate Banking Committee hearing on Facebook’s Libra “cryptocurrency.” He tweeted by stating that Libra is not ETF but a stablecoin pegged to the basket of fiat currencies.
He also says that the harmful stances that lawmakers, President Donald Trump, and the U.S. Treasury Secretary Steven Mnuchin have of cryptocurrencies are unwarranted and stem from a lack of understanding of crypto.
On the flip side, he reckons a bitcoin ETF could encourage innovation that could keep afloat the U.S. economy for the next decades or so.
ETFs provide lower average costs since it would be expensive for an investor to buy all the stocks held in an ETF portfolio individually. This also facilitates the risk management through diversification process while the investors only need to execute one transaction to buy and one transaction to sell, which leads to fewer broker commissions since there are only a few trades being done by investors. Courtesy: Company sources & Investopedia
