in October – implying the Federal Reserve might have to stay aggressive in pushing to cool off the labor market., which will offer commission-free bitcoin and ether trading for retail users. Fidelity already offers crypto investing to institutional clients and previously issued a bitcoin exchange-traded fund in Canada and has several crypto ETFs in the U.S., although spot-bitcoin ETFs are yet to be approved in the U.S.following the announcement.
The above chart shows open interest or the total dollar amount locked in futures tied to AR, which blew up 190% to $40 million in two days, indicating an influx of new money into the market. An increase in open interest, along with an increase in the underlying asset's price, is a strong indicator of a bullish trend.