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SEC Still Processing Spot Bitcoin ETF Paperwork, Report
3.1.2024
Anticipation of spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC) remains high, but the securities regulator reportedly still has a lot of paperwork to go through. While some speculate on a late-week announcement, others expect it early next week...
Grayscale Updates Spot Bitcoin ETF Application but Left out Some Key Information
3.1.2024
Crypto asset management firm Grayscale Investments has updated its spot bitcoin ETF filing in hope of being included in the initial round of decisions by the U.S. Securities and Exchange Commission (SEC). However, the firm has omitted some key information that the SEC reportedly wants included...
Spot ETF Approvals Will See BTC Value Rising to $50,000 in January — Matrixport
3.1.2024
The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has predicted. The crypto financial services platform...
Bitcoin crosses $45k amid Spot Bitcoin ETF approval anticipation
2.1.2024
Bitcoin is currently exchanging hands at $45,724.72. This is an increase of 7.16% in the last 24 hours. A surge in the trading value of BTC has sparked interest in the minds of crypto enthusiasts all over the world. The reason is that BTC is now estimated to reach the milestone of $50k by...
Spot Bitcoin ETF Approval is Unlikely to Change Regulatory Environment in the US + More News
2.1.2024
Source: AdobeStock / 2024 Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Spot Bitcoin ETF Approval is Unlikely to Change Regulatory Environment in the US INX Says Customer Data and Funds...
SEC Reportedly Overwhelmed with Paperwork as Deadline for Spot Bitcoin ETFs Approach
2.1.2024
Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC) is reportedly swamped with a substantial amount of paperwork as the January 10 deadline for the approval of spot Bitcoin (BTC) ETFs approach. According to Eleanor Terrett, a journalist for FOX Business, a spot Bitcoin...
Vaneck Director: People Tend to Underestimate Long-Term Impact of Spot Bitcoin ETFs
2.1.2024
Vaneck’s director of digital assets strategy has explained why people tend to underestimate the long-term impact of spot bitcoin exchange-traded funds (ETFs). He believes that upon the approval of a U.S. spot bitcoin ETF by the Securities and Exchange Commission (SEC), “bitcoin’s price trajectory...
VanEck Adviser Says Spot Bitcoin ETF Impact is Overestimated Despite Long-Term Gains
1.1.2024
Source: Adobe Stock VanEck adviser Gabor Gurbacks pointed out that the hype of a Bitcoin (BTC) spot ETF in the market could be overestimated in terms of short-term inflows but could see long-term gains as the window widens. In a Jan 1 post, Gurbacks wrote on X (formerly Twitter) that people have...
Coinbase ‘Extensively Prepared’ for Spot Bitcoin ETF Approval
1.1.2024
Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian for their...
Bitwise Plans to Seed Spot Bitcoin ETF With $200 Million, SEC Filing Shows
31.12.2023
Bitwise has revealed in an amended filing with the U.S. Securities and Exchange Commission (SEC) a plan to seed its spot bitcoin exchange-traded fund (ETF) with $200 million. This significantly exceeds Blackrock’s $10 million seed commitment for its spot Bitcoin ETF that’s planned...
Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite Jamie Dimon Wanting to Ban Crypto
31.12.2023
Blackrock, the world’s largest asset manager, has named JPMorgan as a lead authorized participant for its spot bitcoin exchange-traded fund (ETF). This followed JPMorgan CEO Jamie Dimon stating in a congressional hearing that bitcoin and cryptocurrency are used primarily for criminal...
Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline
30.12.2023
Major asset managers, including Blackrock, Fidelity, Bitwise, and Wisdomtree, submitted their revised spot bitcoin exchange-traded fund (ETF) filings shortly before the deadline set by the U.S. Securities and Exchange Commission (SEC) on Friday afternoon. The securities regulator reportedly wants...
SEC’s Cash Only Restriction for Spot Bitcoin ETF Is Nonsense, Says Vaneck Director
30.12.2023
A director of digital assets strategy at asset management firm Vaneck says the U.S. Securities and Exchange Commission (SEC)’s cash-only requirement for spot bitcoin exchange-traded funds (ETFs) is “nonsense.” He predicted that it would not hold out for long since publicly listed...
Invesco, Fidelity, BlackRock, Others Dot Their Bureaucratic I's as Likely SEC Action on Spot Bitcoin ETF Looms
30.12.2023
Spot BTC ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says + More News
28.12.2023
Source: AdobeStock / Michael Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Demand for Spot Bitcoin ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says XRP Healthcare...
Upon approval, the Spot Bitcoin ETF will benefit retirement savers
28.12.2023
According to the Chief Revenue Officer of Bitcoin IRA, Chris Kline, with the hanging issue of consent for a spot Bitcoin exchange-traded fund (ETF) going in their favor, the retirement savers will be able to gain from the connectivity with their company’s 401(k) plans. If they are eligible, it...
Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’
28.12.2023
Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. “A spot commodity exchange-traded product that only employs cash creations...
Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’
28.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that spot bitcoin exchange-traded funds (ETFs) “will create yet another Wall Street fee-sucking investor scam of epic proportions.” In addition, he stressed that it will likely be the most...
Bitcoin Price Prediction: ETF Push and Keiser’s $400K Forecast Amidst 2.60% Dip
27.12.2023
Amidst a notable 2.60% dip in the market, Bitcoin is currently trading at $42,378 this Wednesday, yet the cryptocurrency world buzzes with optimistic forecasts and pivotal developments. The potential approval of a spot Bitcoin ETF is one of the major factors, with five key reasons suggesting...
SEC Sets Deadline for Spot Bitcoin ETF Applicants — 3 Days Left to Update Filings for Early January Decision
27.12.2023
The U.S. Securities and Exchange Commission (SEC) has reportedly set a deadline of Dec. 29 for spot bitcoin ETF applicants to finalize their filing amendments. According to reports, the SEC has told spot bitcoin ETF issuers that applications that are fully updated and filed by this Friday will...