Tag Archives: bitcoin etf

Earlier this week, a long wait for the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States ended after the Securities and Exchange Commission (SEC) approved 11 products for listing and trading on several national exchanges. The journey began ten years ago, and there are industry participants who laid the foundation for the SEC’s decision, which now represents a major step toward legitimizing the crypto asset class. The First Application and Rejection In...

Arguably the most anticipated development in the cryptocurrency industry over the past decade became reality earlier this week when the US Securities and Exchange Commission greenlighted numerous spot Bitcoin ETFs. 11 such products reached the markets on Thursday, and the volumes exceeded $4 billion on the first trading day. Amid this, BTC faced mindblowing volatility that included a price dump from over $49,000 to under $42,000. Was it Bound to Happen? Bitcoin skyrocketed to...

The US Securities and Exchange Commission finally greenlighted a spot Bitcoin ETF earlier this week, although in a slightly reluctant fashion. Now, speculations are starting to arise on when the agency will do the same in terms of an exchange-traded fund tracking the performance of the second-largest cryptocurrency. When ETH ETF? 2023 will go down in history as the year with the most news and developments in terms of ETFs as numerous companies filed for such products for BTC...

The chairman of the Securities and Exchange Commission (SEC) has doubled down on his criticisms of Bitcoin (BTC) despite approving a slew of exchange-traded funds for the asset earlier this week. During an interview with CNBC on Friday, the chairman argued that Bitcoin boasts few use cases aside from illicit activity, and has ironically trended toward centralization across time. The Irony Of Bitcoin ETFs Bitcoin descended 6% to $43,500 on Thursday as many investors rotated...

After a challenging decade of attempts, the US Securities and Exchange Commission (SEC) finally approved spot Bitcoin ETFs. These products enable retail customers and traditional financial institutions to access Bitcoin’s price through standard brokerage apps without relying on crypto exchanges. This excitement is being reflected in the prices of altcoins as data indicates a notable influx of capital into the crypto market. Spot Bitcoin ETF Frenzy Boosts Capital Inflow At the...

The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem. In a strategic move to gain a competitive edge, Franklin Templeton, an American multinational holding company, has once again slashed the fees for its Bitcoin Exchange-Traded Fund (ETF), positioning itself as the most cost-effective option among the recently launched investment products. Franklin...

What a week… The United States Securities and Exchange Commission finally greenlighted a spot Bitcoin Exchange-Traded Fund (ETF). Those of you who’ve been following the industry for many years know that this has been one of the most highly-anticipated moments, and it’s absolutely monumental how far the industry has come in 2024. But the process itself was particularly scuffed, to say the least. First, the SEC’s X account was compromised, and the attacker tweeted (falsely)...

Being the third lowest performer by trading volume among the 11 spot Bitcoin ETFs that debuted on Thursday, Valkyrie’s spot Bitcoin ETF garnered just under $9 million in trading volume during the day. CoinShares International Limited, a leading player in the European digital asset industry, announced today that it has exercised its option to acquire Valkyrie Funds. This strategic move comes in the wake of the U.S. Securities and Exchange Commission’s (SEC) approval for Valkyrie’s spot...

Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year. In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are optimistic about BTC price potential to surge beyond $100,000 this year. Investors in the crypto space believe that the approval of a Bitcoin ETF is...

While Warren has expressed her dissatisfaction with the approval of the 11 BTC ETFs, some lawmakers in the US support the SEC’s decision. In a recent development, US Senator Elizabeth Warren, a key Democratic figure from Massachusetts and a Senate Banking Committee member, has strongly criticized the Securities and Exchange Commission (SEC) for its recent approval of spot Bitcoin exchange-traded funds (ETFs). On January 10, 2024, the SEC authorized 11 asset managers in the US to offer...