BMR for 16th Oct 2021 - The Saturday report!

I had to start with Bitcoin. WOW. A lot of confidence being showing and a lot of people/business willing to jump into what they believe. That Bitcoin is the future.

The first bitcoin futures ETF in the U.S. is set to begin trading next week.

And I am sure this is one of the big drivers.

The article above is a great read. To quote from it, the first 3 paragraphs:

"The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States.

The Securities and Exchange Commission had not formally approved the creation of bitcoin futures ETF as of Friday afternoon and the agency may never make a formal declaration of approval for it. But the ProShares’ announcement indicates that the agency is unlikely to block the listing at this point.

NYSE Arca late Friday afternoon certified “its approval for listing,” meaning that the exchange will allow investors to trade the funds as allowed under federal law without SEC intervention. A person familiar with the SEC’s decision-making clarified that the ETF will be allowed to begin trading next week, barring any last minute complaint from the regulator."

I find it very interesting that it is going ahead without formal SEC approval. Hopefully there will be not last minute stopping it. But you never know.

Hive, I don't know what to say. Nothing wrong with 77 cents but after last week I believed it would be holding around the 85 to 90 cent range. Goes to show I am no expert ;)

Look at CUB go ;)

I now have 102 plots in my farm.

What a wild week for Alive!

I just my weekly price setting for me selling BBH. It is 0.00079 now.

A quick snap shot of Bitcoin and Hive prices on Saturdays when I set the BBH price.

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Have a great day all.

Bradley

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