First Bitcoin Exchange Traded Fund (ETF) ProShares Expects To Start NYSE Trading Today As More Funds Apply To SEC; Growing Legitimacy Of Cryptocurrency Reinforces Metrospaces’ (OTC PINK: MSPC) Strategy Of Making Digital Currencies Key In Its PropTech Real Estate Space
ProShares Bitcoin Strategy ETF (NYSE: BITO) is anticipated to start trading in Bitcoin futures today on the NYSE. It is the first ETF to do so, following the SEC’s approval Friday of its filing. More companies have already applied to the SEC to do the same. It’s another step forward for legitimizing cryptocurrency. It also reinforces the strategy of Metrospaces (OTC PINK: MSPC) to make digital currency, such as its preferred Cryptobucks processing app, a centerpiece of its PropTech disrupting model in real estate. “This is an exciting step, but not the last,” Douglas Yones, head of exchange traded products at the NYSE, told The New York Times.
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First Bitcoin Exchange Traded Fund (ETF) ProShares Expect To Start Trading Today As More Funds Apply To SEC; Growing Legitimacy Of Cryptocurrency Reinforces Metrospaces’ (OTC PINK: MSPC) Strategy Of Making Digital Currencies Key In Its PropTech Real Estate Space
According to CNBC, the ETF will not permit investors to buy Bitcoin directly but only to trade in futures. Three more ETFs are expected to follow the lead of ProShares. Bitcoin pricing hit $62,396.51 last evening. Michael Sapir, ProShares CEO, said that ETF would open a larger segment of investors to Bitcoin
To this financial group, it would expose them to cryptocurrency in general eventually. To MSPC it validates its PropTech business model making cryptocurrency a center of its strategy. Cryptobucks is MSPC’s preferred cryptocurrency processing app accepted across all of its platforms. First Bitcoin Exchange Traded Fund (ETF) ProShares Expects To Start NYSE Trading Today As More Funds Apply To SEC; Growing Legitimacy Of Cryptocurrency Reinforces Metrospaces’ (OTC PINK: MSPC) Strategy Of Making Digital Currencies Key In Its PropTech Real Estate Space.
The Bank of England (BOE) said the Cryptoasset market has reached $2.3 trillion in a largely unregulated space. The BOE asserted that the Cryptoasset market has grown from $16 billion five years ago to $2.3 trillion today. As it turns out, regulation may be a good and necessary element to the growth of cryptocurrency. For example, the Wall Street Journal reported that a stablecoin firm, Tether Ltd., agreed to pay a fine of $41 million to the Commodity Futures Trading Commission (CFTC). The CFTC charged it had only 27.6% of its Stablecoin in U.S. dollars reserve — while it claimed 100%. This protects investors.
All of this trading futures news and federal regulation is putting cryptocurrency on the road to legitimacy with Central Banks and global valuation. To MSPC, it gives investors in PropTech added confidence in the legitimacy of digital currency. First Bitcoin Exchange Traded Fund (ETF) ProShares Expects To Start NYSE Trading Today As More Funds Apply To SEC; Growing Legitimacy Of Cryptocurrency Reinforces Metrospaces’ (OTC PINK: MSPC) Strategy Of Making Digital Currencies Key In Its PropTech Real Estate Space.
Cryptocurrencies are an integral part of Metrospaces (OTC PINK: MSPC), a leader in the PropTech blockchain-driven real estate space. MSPC’s tech-forward digital platforms embrace and approve of its preferred Cryptobucks processing app across its platforms, Metrospaces and Metrocrowd. Shokworks is co-creator of Cryptocurrency and now is a minority equity partner in Metrospaces.
Cryptocurrency digital currencies and tokenization play a central role in the successful strategy of Metrospaces (OTC PINK: MSPC) in its Shokworks-designed Metrocrowd and Metrohouse platforms. MSPC’s use of cryptocurrency is efficient, offers clear and transparent movement of funds and enables large real estate investors to hold real estate asset value in tokens. The latest ETF futures trading only reinforces and legitimizes cryptocurrencies.
Cryptocurrencies drive the markets — not the other way around.
MSPC was early to recognize the future of digital currency and tokenization and its increasing global role among central banks. As a PropTech leader, MSPC is using its preferred CryptoBucks processing app for its investors, members of its co-living properties and all B2B global asset participants. Investors worldwide can hold asset value in MSPC-developed real estate in tokens.
Worldwide cryptocurrency is now experiencing the acceptance that MSPC had predicted earlier. MSPC sees the ‘sweet spot’ of digital currency in its world of PropTech real estate. MSPC encourages its investors, clients and even the members in its co-living Metrohouse spaces to use Cryptobucks.
Oscar Brito, CEO of Metrospaces (OTC PINK: MSPC), is bullish on Cryptobucks as a blockchain technology payment app. He said, “As an innovator in the burgeoning prop tech community, Metrospaces is positioned to utilize the latest technology to propel the company into the forefront.” He added, “There will clearly be some very exciting opportunities for arbitrage between the private real estate market and the market driven by tokenization. We want to be right in the middle of that industry. We believe that this, added to tokenizing third-party assets as a service, will revolutionize real estate capital markets.”
The launch of MSPC’s new tokenization-cryptocurrency platform, Metrocrowd, has been scheduled mid-December 2021 for final version actives. MSPC will offer the service to world class real estate owners and developers as a third-party service.
MSPC can also be a principal-to-assets that can later be tokenized on the platform. The company seeks to offer the most profitable and unique real estate assets to the platform.
Metrohouse is MSPC’s breakthrough co-living platform which enables GenZ, milennials and ‘tech-nomads’ to live an ideal hi-tech and luxury lifestyle in turnkey spaces located in desirable, urban spaces within vetted community members.
First Bitcoin Exchange Traded Fund (ETF) ProShares Expects To Start NYSE Trading Today As More Funds Apply To SEC; Growing Legitimacy Of Cryptocurrency Reinforces Metrospaces’ (OTC PINK: MSPC) Strategy Of Making Digital Currencies Key In Its PropTech Real Estate Space.
Source: Stock Market Press
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