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About SWIF

SUNwifHat (SWIF) is a cryptocurrency launched in 2024. SWIF has a current supply of 1.00Bn with 0 in circulation. The last known price of SWIF is 0.000016358471 USD and is 0.000001209925 over the last 24 hours. It is currently trading on active market(s) with $650.98 traded over the last 24 hours. More information can be found at .
SWIF Price Statistics
SWIF’s Price Today
24h Price Change
+$0.0000012099257.99%
24h Volume
$650.980.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3420
SWIF Market Cap
Market Cap
$0
Fully Diluted Market Cap
$16,358.47
SWIF Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SWIF Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Oct 19, 2024 6:18 pm
image
SWIF
SUNwifHat
$0.000016358471
$0.000001209925(+7.99%)
Mkt Cap $0
There's nothing here for now
SEC Approves Bitcoin Options ETFs for NYSE and CBOE, Boosting Market Liquidity
SEC Approves Bitcoin Options ETFs for NYSE and CBOE, Boosting Market Liquidity
According to Cointelegraph: On October 18, the SEC approved the long-awaited applications from both the NYSE and CBOE to list options for spot Bitcoin exchange-traded funds (ETFs). This groundbreaking approval covers 11 key Bitcoin ETF providers, including Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, and BlackRock's iShares Bitcoin Trust ETF.Key Market Players and Potential ImpactsThe launch of Bitcoin options trading for ETFs is expected to significantly enhance market liquidity, as investors now have more tools to manage risk and hedge their positions. According to Jeff Park, an executive at Bitwise, this marks a major improvement over existing platforms like LedgerX and Deribit, which lack the backing of central guarantors.Source: Securities and Exchange CommissionThe approval of options could also lead to potential short squeezes. Overleveraged short traders may be forced to buy Bitcoin to cover their positions, pushing prices even higher. Park noted that even massive assets like Bitcoin, worth over $1 trillion, can be moved by market dynamics if enough traders pull in one direction.Additionally, Tom Dunleavy, managing partner at MV Global, highlighted that Bitcoin options could help reduce the cryptocurrency’s high volatility, smoothing out market fluctuations over time.Market Outlook: Bitcoin ETF Options as a Game ChangerWith the SEC’s approval, Bitcoin options will now be classified similarly to other commodity-based ETFs. This decision represents a significant development for Bitcoin markets, providing more sophisticated financial instruments for institutional and retail investors. As options trading becomes available, the overall market may experience more price stability and greater investment interest, potentially driving Bitcoin toward new highs.As the market continues to evolve, approving Bitcoin ETF options could be a pivotal moment in bringing traditional financial strategies and risk management tools to the rapidly growing cryptocurrency sector.
Oct 19, 2024 5:47 pm

Frequently Asked Questions

  • What is the all-time high price of SUNwifHat (SWIF)?

    The all-time high of SWIF was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SUNwifHat (SWIF) is 0. The current price of SWIF is down 0% from its all-time high.

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  • How much SUNwifHat (SWIF) is there in circulation?

    As of , there is currently 0 SWIF in circulation. SWIF has a maximum supply of 1.00Bn.

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  • What is the market cap of SUNwifHat (SWIF)?

    The current market cap of SWIF is 0. It is calculated by multiplying the current supply of SWIF by its real-time market price of 0.000016358471.

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  • What is the all-time low price of SUNwifHat (SWIF)?

    The all-time low of SWIF was 0 , from which the coin is now up 0%. The all-time low price of SUNwifHat (SWIF) is 0. The current price of SWIF is up 0% from its all-time low.

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  • Is SUNwifHat (SWIF) a good investment?

    SUNwifHat (SWIF) has a market capitalization of $0 and is ranked #3420 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze SUNwifHat (SWIF) price trends and patterns to find the best time to purchase SWIF.

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