Bitcoin Cash Rises 3.15% to $254 on Grayscale ETF Filing
- —BCH up 3.15% to $254.2, weekly gain of 13.31%
- —Grayscale filed with the SEC to convert its BCH Trust into an ETF on September 18
- —Volume of $189 million — 8.99% below the 30-day average
- —200-day SMA at $318: down 57.37% year-over-year
Why it matters: Grayscale ETF approval could give BCH access to institutional capital, but for now it is only a filing with no decision date.
Source: DiarioBitcoin