Crypto news daily: Bitcoin data and price analysis for May 10, 2022
- Bitcoin is currently trading at $32,532.36, down 2.73%
- Bitcoin fear and greed index on May 10, went from the extreme fear level of 11 to the level of 10
- Cboe Australia issued a notice that three funds are expected to start trading on May 12
Bitcoin (BTC) fell over 3% in the last 24 hours, extending the losing streak. At the moment the rate is close to the $32,000 mark and has tumbled over 28% this year so far. According to analysts, the Russia-Ukraine war and changing economic policies impacted the cryptocurrency market as investors shifted to more stable heavens.
Bitcoin fear and greed index on Tuesday, May 10, 2022, went from the extreme fear level of 11 to the level of 10 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market.
Bitcoin is currently trading at $32,532.36, down 2.73%. In the last 24 hours, the highest it touched was $33,710.48 and the lowest was $29,944.80. Bitcoin has a current market cap of $619,844,241,560. It has a circulating supply of 19,035,825.00 BTC coins and a maximum supply of 21,000,000 coins.
Three new crypto ETFs to start trading in Australia this week
Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a precious hold-up was given approval this week and new funds entered the ETF market.
On May 9, Cboe Australia issued a round of market notices that three funds previously delayed are expected to start trading on Thursday, May 12. They include a Bitcoin ETF from Cosmos Asset Management including Bitcoin (BTC) and Ethereum (ETH) spot ETFs from 21 shares.
On April 26, a day before the launch of three of the first crypto ETFs, the Cboe Australia exchange delayed the listing of all three funds citing “standard checks”.
The listing date comes at a time when a new competitor entered the ETF race. 3iQ, the Canadian firm with Bitcoin and Ethereum spot ETFs listed on the Toronto Stock Exchange (TSX), submitted two offer notices to the Australian Securities Exchange (ASX) on April 28.
According to the notices, the firm plans to offer units of Bitcoin and Ethereum ETFs on the Cboe Australia exchange. It will provide exposure to the crypto assets by purchasing units of the existing funds on the TSX similar to Cosmos’ ETC which purchases the Canadian Purpose Bitcoin ETF. The date of listing for the funds from 3iQ is not yet announced.