Tag Archives: bitcoin etf

Bitcoin briefly soared toward $30,000 following a false spot Bitcoin ETF approval information before swiftly retreating to the $28,000 level. But an actual approval could add $1 trillion to the crypto market, according to the latest report by CryptoQuant. The next wave of Bitcoin institutional adoption appears to be advancing in the form of financial institutions offering access to the flagship cryptocurrency investing to their clients via spot Bitcoin ETFs. $1 Trillion...

TL;DR False reports claimed the SEC approved BlackRock’s BTC ETF, but the SEC cautioned against unverified sources. US attorney John E. Deaton criticized the SEC, referencing court opinions that have deemed the agency’s actions inconsistent. The SEC has had multiple legal confrontations with crypto entities, including losses to Ripple and Grayscale and lawsuits against Binance and Coinbase. The SEC is ‘Arbitrary and Capricious’ The breaking reports from yesterday (October...

The United States Securities and Exchange Commission (SEC) has exceeded its mid-October deadline to refute Grayscale’s court win for the approval of a spot Bitcoin exchange-traded fund (ETF). The financial agency will not appeal in court regarding the decision, Reuters reported on October 13th, citing a source familiar with the matter. SEC vs. Grayscale The legal tussle between the American regulator and the asset management firm dates back to last year. Grayscale applied...

Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – reached its lowest point in 22 months last Friday. The decline in the discount has sparked optimism as spot Bitcoin exchange-traded funds (ETFs) in the United States are moving closer to becoming a reality. This comes as the SEC passed the deadline to appeal against Grayscale’s attempt to convert its GBTC fund into a spot bitcoin ETF. Grayscale Bitcoin Trust Discount Sees 16% Decline According to the latest...

Ark Invest, led by Cathie Wood, has taken a significant step forward by filing an updated version of its spot Bitcoin ETF prospectus. The move is in response to recent feedback from the U.S. Securities and Exchange Commission (SEC) asking for clarifications on some concerns. Changes to Ark Invest’s Spot Bitcoin ETF Prospectus Eric Balchunas, a seasoned ETF analyst at Bloomberg, was quick to highlight this update on X. ARK has just filed an updated version of its spot bitcoin...

TL;DR The crypto sector anticipates the US SEC’s decision on spot Bitcoin ETFs from top finance companies. Crypto Rover points to the date as the SEC’s appeal deadline for Grayscale’s ETF, suggesting possible approval for all Spot ETFs if untouched. Industry figures, including Cathie Wood, speculate that the SEC could simultaneously greenlight multiple spot BTC ETF applications. Friday the 13th Seems Like a Pivotal Date It is safe to assume that most cryptocurrency...

The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months. The mainstream adoption of Bitcoin (BTC) by institutional investors has put the gold market on notice with a possible decoupling in the coming few years. According to a report by Matrixport, Bitcoin is about to challenge gold as a store of value due to the simple fact that the former has outperformed the latter in the past years. Additionally, the...

Cryptocurrency exchange-traded funds (ETFs) have recently been trending as many companies seek approval to trade, stirring up a wave of enthusiasm and anticipation throughout the crypto community. As financial vehicles that track the price of cryptocurrencies, these ETFs offer a novel and seemingly more accessible way for investors to enter the crypto market. However, amidst the euphoria and bullish outlooks, it is crucial to cast a discerning eye on the potential dark side...

Former BlackRock managing director Steven Schoenfield, who now serves as the CEO of MarketVector Indexes, predicts that the U.S. SEC will approve a Spot Bitcoin ETF within three to six months. Schoenfield shared this estimate during a panel discussion on ETFs at CCData’s Digital Asset Summit in London, where he was joined by another ex-BlackRock director, Martin Bednall, now CEO of Jacobi Asset Management. SEC’s ETF Approval Could Come Sooner Schoenfield’s response came after...

TL;DR BTC’s year-end price may be affected by macroeconomic factors and regulatory changes, particularly the possible approval of a Bitcoin ETF in the US. Market sentiment, endorsements from influential figures, and technical analysis could also drive short-term BTC rallies. Predictions range from BTC reaching $120,000 to $150,000 in the coming years, with the BTC halving event in 2024 considered a potential catalyst. BTC’s Catalysts at the End of the Year There are various...