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Ethereum Steals the Spotlight — SEC’s Approval of 11 Bitcoin ETFs Meets Tepid Market Reaction
10.1.2024
In a landmark decision, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs), a move long anticipated by crypto enthusiasts. Despite this historic regulatory nod, the price of bitcoin witnessed stale action over the past 24 hours. In striking...
Mass Approvals: SEC Green-Lights 11 Spot Bitcoin ETFs
10.1.2024
The U.S. Securities and Exchange Commission (SEC) has approved 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on U.S. stock exchanges. In a historic move after years of anticipation and regulatory hurdles, the approved spot bitcoin ETFs are expected to start trading Thursday...
Bitcoin ETF Approval Frenzy Begins As SEC Finally Approves First Spot Bitcoin Funds, Bitcoin Remains Unresponsive
10.1.2024
The SEC’s green light of spot Bitcoin ETFs opens the floodgates for issuers, but Bitcoin price stayed flat, defying expectations. Image by DREAM DIVE , Adobe Stock. The SEC has finally approved the first spot Bitcoin exchange-traded funds (ETFs) in the US. This monumental decision opens...
Bitcoin Price Prediction as ETF Deadline Ends Today – $100,000 BTC Incoming?
10.1.2024
In a dramatic turn of events, Bitcoin, the most prominent cryptocurrency, recently witnessed a surge to nearly $48,000. This unexpected rise was triggered by a misleading tweet from the U.S. Securities and Exchange Commission (SEC), which falsely indicated the approval of Bitcoin exchange-traded...
Veteran Trader Peter Brandt Labels Bitcoin ETF a ‘Classic Buy the Rumor, Sell the News Event’
10.1.2024
According to the veteran trader Peter Brandt, the current bitcoin exchange-traded funds (ETF) hype which has seen the “average guy on the street” clamoring to get may be a signal to experienced traders that it is time to sell them what they own. Brandt also characterized the expected...
Fake Bitcoin ETF Approval Tweet Gives Sneak Peek, ETH Price May Spike Before Ethereum ETF Approval
10.1.2024
Yesterday’s fake SEC tweet highlighted the potential impact of future Bitcoin ETF approvals on Ethereum’s price trajectory. Image by akif, Adobe Stock. On Tuesday evening, the official X account of the U.S. Securities and Exchange Commission (SEC) was hacked and posted an unauthorized...
Crypto Whales are Stacking This Under-the-Radar Bitcoin ETF Coin – What Does it Do?
10.1.2024
Bitcoin ETF Token is offering traders early speculative exposure to a potential Bitcoin exchange-traded fund approval still looming as an uncertainty. Image by Michael, Adobe Stock. On Tuesday, the Securities and Exchange Commission’s (SEC) official X account was apparently hacked, with a tweet...
Why Are Ethereum ETF Approvals Facing Delays? InQubeta Raises Over $8M in Presale
10.1.2024
While crypto users had been keenly eyeing the launch of Ethereum (ETH) exchange-traded funds (ETFs) throughout 2023, their rollout has been slower than what many analysts expected. While crypto users might be frustrated by the delayed launch of spot ETFs, a lot of attention has been drawn...
SEC Faces Backlash from Crypto Leaders for Erroneous Bitcoin ETF Tweet
10.1.2024
Source: Adobe/Kristina Blokhin The Securities and Exchange Commission (SEC) has found itself in hot water after an unauthorized tweet on its official account suggested that spot Bitcoin exchange-traded funds (ETFs) had been approved. The incident, which caused significant volatility in the crypto...
Valkyrie CIO Says Market May See Ripple, Ethereum ETFs Next
10.1.2024
Source: DALL·E Valkyrie Funds Chief Investment Officer Steven McClurg says it wouldn’t be surprising if a Ripple and Ethereum spot exchange-traded fund (ETF) came to the market speaking in an interview with Bloomberg TV. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs...
About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group
10.1.2024
Source: iStock/Onfokus While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong. Weng said that seven...
ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Fee War Intensifies: Bitcoin ETF Issuers Submit Updates Lowering Rates
10.1.2024
Source: Adobe / 24K-Production The spot Bitcoin exchange-traded fund (ETF) competition is heating up as major issuers including Fidelity submitted revisions to lower their fees. According to Bloomberg Intelligence ETF analyst James Seyffart, Fidelity lowered their fees to 0.25% from the previous...
Former SEC Official Blasts Spot Bitcoin ETFs as Recipe for ‘Financial Ruin’
10.1.2024
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned about investing in spot bitcoin exchange-traded funds (ETFs), which the SEC is expected to approve on Wednesday. He cautioned that spot bitcoin applicants are “nothing more than an opportunistic...
SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval
10.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot...
Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Approval
10.1.2024
Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’s analysts described: “We see this as a watershed moment...
Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility
10.1.2024
Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos...
SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised
10.1.2024
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some...
Notable Absence of Hashdex in Latest Round of S-1 Bitcoin ETF Amendments
9.1.2024
Source: Adobe / Backcountry Media In the recent wave of amended S-1 filings by multiple asset managers on January 8, the notable absence of digital asset management firm Hashdex has caught the attention of industry observers. The firm, which already offers a Bitcoin futures-based exchange-traded...
Bitcoin ETF Applicants to File Updated S1 Form After SEC’s Comments – A Delay Signal?
9.1.2024
Source: CNBC As the spot Bitcoin exchange-traded fund (ETF) issuers filed applications for their revisions to reveal previously undisclosed fee structures, the U.S. Securities and Exchange Commission (SEC) has returned comments. The SEC’s critiques came swiftly on the heels of the updated...