Search
Kevin O’Leary says Institutions Won’t Use Spot Bitcoin ETFs and Hints at Next Trend in Crypto
12.1.2024
(Photo by Steven Ferdman/Getty Images) While the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States will further lead to the institutionalization of Bitcoin, Kevin O’Leary — a Canadian venture capitalist and CNBC personality — told Cryptonews that...
Two South Korean Brokerages Pause Transactions of Foreign Spot Bitcoin ETFs
12.1.2024
Source: Pixabay Two major South Korean securities firms have suspended transaction services of foreign spot Bitcoin ETFs. Following an announcement from South Korea’s Financial Services Commission, the country’s top financial watchdog, Samsung Securities and Mirae Asset Securities...
Groundbreaking Debut for Bitcoin ETFs, Garnering $4.5 Billion on Day One
12.1.2024
Source: Adobe / Backcountry Media The new spot Bitcoin ETFs made a significant impact when they debuted on Wall Street on Thursday, collectively amassing $4.5 billion in volume on their first day of trading. The impressive debut exceeded market observers’ expectations, reflecting the strong...
Vanguard refuses to offer Spot Bitcoin ETFs
12.1.2024
Vanguard declines to offer spot Bitcoin exchange-traded funds (ETFs), arguing that high volatility is detrimental to long-term returns. Spot Bitcoin ETFs were unavailable for purchase by Vanguard brokerage account holders on their first day of trading in the United States. A representative from...
Robinhood’s trading app lists all 11 Spot Bitcoin ETFs
12.1.2024
The US-based investing platform Robinhood has officially made all eleven spot bitcoin exchange-traded funds accessible to brokerage and retirement accounts. Johann Kerbrat, general manager of Robinhood Crypto, believes that cryptocurrencies will comprise the future financial structure. Enhanced...
Spot Bitcoin ETFs Poised for $36 Billion Influx, JPMorgan Highlights Rotational Capital Movement
12.1.2024
Source: Pixabay / tombark Contrary to expectations of a massive influx of fresh capital, JPMorgan analysts suggest that spot Bitcoin (BTC) ETFs may experience up to $36 billion in inflows redirected from existing cryptocurrency instruments. According to a note by JPMorgan analysts, the breakdown...
SEC Commissioner Crenshaw Dissents From Spot Bitcoin ETF Approval
12.1.2024
SEC Commissioner Caroline A. Crenshaw voices her dissent against the commission’s approval of spot bitcoin ETFs, highlighting the risks of market manipulation, the concentration of bitcoin ownership, and the inadequacy of current regulatory measures in safeguarding investor interests....
With Bitcoin ETF Approvals, Market Eyes Inflows and Potential Spot Ether ETF
12.1.2024
The SEC’s approval of spot bitcoin ETFs marks a major milestone in cryptocurrency regulation, yet it’s ethereum that captures the market’s attention with a price rally, as investors and analysts now turn their eyes towards potential spot ether ETF approvals in the near future....
Elizabeth Warren Criticizes SEC as Bitcoin ETFs Record Over $4 Billion in First-Day Trades
12.1.2024
Source: DALL·E The newly approved spot Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable trading volume, exceeding $4 billion on their first day in the market. According to Bloomberg Intelligence ETF analyst James Seyffart, spot Bitcoin ETFs’ first-day trading volume...
Crypto Community Calls to Boycott Vanguard as $7.7 Trillion Asset Manager Blocks Spot Bitcoin ETFs
12.1.2024
Source: Vanguard Asset management giant Vanguard has opted not to allow the purchase of spot Bitcoin exchange-traded funds (ETFs) on its platform, triggering the crypto community. According to a report from The Wall Street Journal on January 11, Vanguard stated that it will not offer the new spot...
US Lawmakers Slam SEC Over Fake Bitcoin ETF Tweet — Say ‘This Failure Is Unacceptable’
12.1.2024
U.S. lawmakers are demanding answers from the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler regarding the regulator’s X account breach that led to a fake tweet on the social media platform announcing the approval of spot bitcoin exchange-traded funds (ETFs), a decision...
Robert Kiyosaki Increases BTC Holdings After SEC Approval of Spot Bitcoin ETFs
12.1.2024
Rich Dad Poor Dad author Robert Kiyosaki has revealed that he bought additional bitcoin following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The famous author is deeply concerned about the U.S. economy, particularly the threat...
US Spot Bitcoin ETFs Rack up $4.6 Billion in Trading Volume on Day 1 — Blackrock Debuts With $1 Billion
12.1.2024
U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin...
SEC Chair Gary Gensler Was the Deciding Vote Approving Spot Bitcoin ETFs
11.1.2024
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, cast the deciding vote approving 11 spot bitcoin exchange-traded funds (ETFs) in a landmark decision on Wednesday. Before the approvals, the securities regulator held a vote on spot bitcoin ETFs, with two commissioners...
Spot Bitcoin ETFs Wage Fee War as Bitwise Charts Unique Path
11.1.2024
In a strategic bid to dominate the emerging spot Bitcoin ETF market, financial giants like Blackrock and Invesco/Galaxy unveil aggressive fee cuts, while Bitwise takes an innovative philanthropic approach. Spot Bitcoin ETFs Gear Up for Fierce Competition With Low Fees, Teaser Rates, and More...
Bitcoin ETF Essential Facts: Prices, Winners, Losers, Tickers and Fees
11.1.2024
BlackRock’s iShares Bitcoin Trust took an early lead in trading volume as 11 spot bitcoin ETFs open their doors to the investing public. The nine trillion dollar asset manager attracted trading volume of $17.9 million in the first hour. Close behind it was ‘crypto native’ asset...
XRP Price Prediction as Bitcoin ETF Goes Live – Will XRP Get an ETF Next?
11.1.2024
The XRP (XRP) price predictions remain bearish in the short term as spot Bitcoin ETFs go live in major US financial markets. The XRP price was last around $0.60, roughly flat on the day. The cryptocurrency earlier found strong resistance at its 21 and 50DMAs, which reside at $0.6060 and $0.6160...
Non-profit Better Markets Says Bitcoin ETFs Approval Will “Harm Investors, Markets, and Financial Stability”
11.1.2024
Source: Pixabay Better Markets, a non-profit organization that advocates for financial reform and more stringent financial regulations, has come out in stout opposition to the newly-approved spot Bitcoin ETFs. In a statement published on the Better Markets website on Wednesday, the organization’s...
The US now has spot Bitcoin ETFs, affirming the future of money
11.1.2024
Spot Bitcoin exchange-traded funds (ETFs) have been approved in the United States. The picture depicts eleven such ETFs, eight of which are affiliated with Coinbase. This speaks volumes about the development of the cryptocurrency economy. Spot Bitcoin ETFs introduced by the leading asset managers...
SEC Commissioner Expresses Concerns Over Spot Bitcoin ETF Despite Voting in Favor of the Approvals
11.1.2024
Source: Pixabay SEC Commissioner Mark Uyeda, while voting in favor of these landmark approvals, has publicly voiced reservations regarding the decision-making process adopted by the commission. On Wednesday, the United States Securities and Exchange Commission (SEC) greenlit the establishment of...