BCH rises 5.61% to $232 on Grayscale spot ETF filing
- —BCH rose 5.61% to $232.23, with the daily range widening to $18.62
- —Grayscale filed an S-3 to convert the BCH Trust into a spot ETF on NYSE Arca
- —Trading volume was $223 million, 3.17% above the 30-day average
- —The price is 94.67% below its all-time high of $4,355.62, with RSI at 46.9
Why it matters: The Grayscale filing could open institutional access to BCH, but ETF approval is not guaranteed and the trend remains downward.
Source: DiarioBitcoin