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The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
- 22:57BlackRock’s IBIT holdings have a market value of over $42.8 billionOfficial data from BlackRock shows that as of November 18, the market value of IBIT’s holdings reached $42,893,124,057.07, and its holdings hit 471,329 BTC.
- 22:47Mitsubishi UFJ: ECB rate cut may be slower than expectedOn November 18, Mitsubishi UFJ said that the European Central Bank rate cuts may be slower than the market expects, the market's expectations of rate cuts are a little “too high”. The agency said the European Central Bank slow response to the slowdown in economic growth, and pointed out that when the European Central Bank in 2022 to 2023, when the rate hike, it did not give too much attention to weak economic growth. Mitsubishi UFJ believes the same could happen in 2025 if inflation rises (citing Trump's trade policies and the EU's retaliation in response). In addition, Mitsubishi UFJ says the euro's decline since the U.S. election has been a bit overdone and expects prospects for improvement going forward.
- 22:21The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 61.9 percentAccording to the CME “Fed Watch”: the probability that the Fed will keep current rates unchanged until December is 38.1%, the probability of a cumulative 25 basis points of interest rate cuts is 61.9%. The probability of keeping current rates unchanged by January next year is 25.9%, the probability of a cumulative rate cut of 25 basis points is 54.3%, and the probability of a cumulative rate cut of 50 basis points is 19.8%.
