Tag Archives: bitcoin etf

Optimism over a Bitcoin ETF may not be as prevalent in mainstream financial circles as within the online crypto community, according to new survey results published by Bitwise. The crypto index fund provider – which itself is awaiting approval for its Bitcoin ETF application – said that only 39% of surveyed investment advisors believe an ETF will be approved in 2024. Advisors Doubt The Bitcoin ETF The survey took place between October 20 and December 18 – a period of...

With Bitcoin (BTC) spot ETF approvals seemingly just days away, applicants are racing to seize investor attention – and cash – ahead of their competitors upon launch. From VanEck to HashDex to Bitwise, here are the commercials being pushed by billion-dollar asset managers to encourage hungry customers to buy Bitcoin. The Bitcoin Ad Campaign One of the first, most notable commercials came from Bitwise last month when it hired Jonathan Goldsmith to spice up its campaign....

Crypto market participants are moving to the sidelines, leading to low activity in the derivatives market as the date for the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin exchange-traded funds (ETF) approaches. According to a weekly report from market intelligence platform CryptoQuant, the decline in derivatives market activity is due to the rising costs of opening long positions and the spike in profit-taking among investors. Sell Orders Dominate...

The Securities and Exchange Commission has been in the crypto community’s minds for the past few years, mainly due to the attacks it launched against numerous companies and projects. Now, though, the agency is expected to finally greenlight a spot Bitcoin ETF in the US after a decade of rejecting all proposals. ETF Next Week? The start of the new year began a lot of hope for crypto investors and all the companies that have filed with the SEC to launch a spot BTC ETF in the...

Simeon Hyman, a global investment strategist at ProShares, has highlighted the deficiencies in the spot Bitcoin market, citing discrepancies in prices across exchanges and risks associated with various platforms. Notably, expectations among cryptocurrency stakeholders have been centered on the potential approval of a series of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission in January. The Issue With Bitcoin ETFs During an appearance on Bloomberg TV, Hyman...

A group of former Citigroup Inc. executives, along with Franklin Templeton, BTIG, and Broadhaven Ventures, are set to offer securities backed by Bitcoin that they claim do not require approval from U.S. regulators. As the debate and anticipation surrounding the approval or denial of spot Bitcoin ETFs intensify, the executives’ efforts look at an alternative approach to providing exposure to BTC. Bitcoin Depositary Receipts to Offer Access to Bitcoin Securities The new...

Bitcoin had an impressive start to the year as it soared by more than three grand on the second day of the year, reaching its highest price point since April 2022 at almost $46,000. The rally came to an abrupt end today, and here are some of the possible reasons behind that nosedive. BTCUSD. Source: TradingViewSEC to Reject All ETF Proposals? All eyes in the crypto community in the past several months have been on the US Securities and Exchange Commission and the possibility...

Fox Business reporter Eleanor Terrett believes the sentiment surrounding a spot Bitcoin (BTC) ETF approval in early January is low. It’s worth noting, however, that despite Terrett’s perspective, a considerable number of analysts expect the approval of such products during the same period. SEC is Reviewing Changes to S-1 Filings In a post on X, Terrett highlighted that the Securities and Exchange Commission (SEC) is currently in the process of reviewing changes to the S-1...

A wave of anticipated Bitcoin (BTC) spot ETF approvals appear days away from launch – yet one of the race’s largest players may be behind on its regulatory procedures. Bloomberg ETF analyst Eric Balchunas noted on Tuesday that the firm’s latest S-3 filing for its Bitcoin ETF is still absent critical information that rival fund managers have already included in their applications. What Is Grayscale Waiting For? As of January 2, Grayscale still hasn’t confirmed what firms will...

What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came down hard on key players in the market, one of the biggest and most influential CEOs pleaded guilty to a criminal charge, and the hype around a spot Bitcoin...