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Kevin O’Leary Says He’ll Never Buy Bitcoin ETF — Prefers to Hold BTC Long Term
15.1.2024
Kevin O’Leary, aka Mr. Wonderful, says he will never buy a spot bitcoin exchange-traded fund (ETF) as he is holding bitcoin for the long term as digital gold. “Why would I pay these fees?” he said, adding that spot bitcoin ETFs “add no value” and are “completely...
Unveiling Bitcoin Reserves — A Deep Dive Into Holdings of 6 New Spot Bitcoin ETFs
14.1.2024
In the initial forty-eight hours following the launch of the United States’ first spot bitcoin exchange-traded funds (ETFs), data has emerged regarding the number of bitcoins held by these funds. Currently, Blackrock stands at the forefront among all funds, Grayscale’s GBTC excluded...
Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC
14.1.2024
Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange. Blackrock’s Ishares Bitcoin Trust was among the 11 spot bitcoin ETFs approved by the U.S. Securities...
Vanguard Holds Significant Stake in MicroStrategy, Indirect Bitcoin Exposure
13.1.2024
Source: AdobeStock / photo_gonzo Vanguard, one of the world’s leading asset management firms, has secured a substantial stake in MicroStrategy (MSTR), providing investors with indirect exposure to Bitcoin (BTC). While Vanguard has opted against launching Bitcoin exchange-traded funds (ETFs)...
Across-the-Board Crypto Stock Declines Erode Earlier Profit Streaks
13.1.2024
Although spot Bitcoin exchange-traded funds saw substantial trading activity on Thursday and Friday, publicly-listed crypto companies faced a different fate, with several equities experiencing significant losses when the market closed on Friday. For instance, Marathon Digital Holdings’ shares...
GBTC’s Closing NAV Discount and Steep Fees Trigger Outflows, ETF Analyst Expects ‘More Over Time’
13.1.2024
Last week, the U.S. Securities and Exchange Commission (SEC) greenlit the debut of 11 diverse spot bitcoin exchange-traded funds (ETFs), which, in their initial two days on the market, experienced a substantial $7.65 billion in trading volume. Concurrently, while a host of new entrants enjoyed...
Ethereum Price Prediction as Billionaire Larry Fink Sees ‘Value’ in an Ethereum ETF – $10,000 Incoming?
13.1.2024
Ethereum’s price prediction is garnering increased attention following BlackRock CEO Larry Fink’s endorsement of the potential in Ethereum-based exchange-traded funds (ETFs). In a recent CNBC interview, Fink acknowledged the value of an Ethereum ETF, signaling a significant shift...
SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — ‘We Squandered a Decade of Opportunities’
13.1.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has slammed her agency for the delay in approving spot bitcoin exchange-traded funds (ETFs). “Our arbitrary and capricious treatment of applications in this area will continue to harm our reputation far beyond crypto....
Vanguard Blocks Customers From Trading SEC-Approved Spot Bitcoin ETFs
13.1.2024
Several investment firms, including Vanguard, reportedly block customers from trading spot bitcoin exchange-traded funds (ETFs). “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash,” the firm explained....
Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Million, CEO Says
13.1.2024
Ark Invest CEO Cathie Wood has doubled down on her bullish bitcoin forecasts, now seeing a higher probability of the price of bitcoin soaring to $1.5 million per coin. She emphasized that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC)...
Senator Elizabeth Warren Says SEC Is Wrong for Approving Spot Bitcoin ETFs
13.1.2024
U.S. Senator Elizabeth Warren has slammed the U.S. Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). She stressed that the securities regulator is “wrong on the law and wrong on the policy with respect to the bitcoin ETF decision.” Senator...
Bitcoin Price Prediction: BTC Nears $43,150 Post-ETF Approval – Potential Rebound Ahead?
12.1.2024
After a period of bullish momentum leading Bitcoin to surpass the $49,000 threshold, the digital currency faced a setback, with prices tumbling to the vicinity of $43,150 subsequent to the approval of U.S.-based spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission...
Coinshares Expands US Footprint Through Strategic Takeover of Valkyrie and Its Array of ETFs
12.1.2024
On Friday, Coinshares International Limited, announced that the firm has acquired Valkyrie Funds LLC, the U.S.-based digital asset manager. The Saint Helier company said the decision comes after a direct result of Valkyrie’s spot bitcoin exchange-traded fund (ETF) approval. Coinshares Amplifies...
BlackRock’s New Bitcoin ETF Debuts Strong, Holding Over $120 Million in BTC
12.1.2024
BlackRock’s spot Bitcoin ETF now holds 2,620 BTC worth $120 million after launching on the Nasdaq exchange. Image by Sundry Photography, Adobe Stock. BlackRock’s new spot bitcoin exchange-traded fund (ETF) is off to a powerful start, holding 2,620 bitcoins worth over $120 million after...
Navigating Spot Bitcoin ETFs in the US: What You Need To Know
12.1.2024
In 2013 an entity affiliated with the Winklevoss twins sent the first application to The United States Securities and Exchange Commission (SEC) to create a spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC officially approved spot Bitcoin ETFs on Jan. 10 this year. It has taken over 10 years...
6 AI Chatbots Forecast Bitcoin’s 2024 Finale — Predicting $60K to $90K Amid ETF Inflows and Halving Hype
12.1.2024
In November 2023, six unique AI-driven chatbots were queried to forecast the value of bitcoin by year-end, with their projections spanning from $15,000 to $45,000 per bitcoin. As of the initial week of January 2024, bitcoin’s trading value reached $47,000, coinciding with the approval of...
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...
Bitcoin ETFs Enable the ‘Mass Marketing’ of a Worthless Asset to Main Street Americans, Says Better Markets
12.1.2024
An independent nonprofit organization said the U.S. Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds has enabled the “mass marketing of a known worthless, volatile, and fraud-filled financial product to Main Street Americans.” The organization...
POLDO Token Skyrockets 35,000% Overnight as New Memecoin Prepares to Launch on New Exchanges
12.1.2024
In the latest meme coin skyrocket, Poldo Token has undertaken a whopping +35,000% price explosion overnight. Now, this other meme coin could be next after red-flags emerge in Poldo price analysis. This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless...
Franklin Templeton Unveils EZBC, its Spot Bitcoin ETF Offered on Cboe BZX Exchange
12.1.2024
Source: Getty Images Franklin Templeton has stepped into the digital asset arena with the launch of its spot Bitcoin (BTC) exchange-traded fund (ETF). Named the Franklin Bitcoin ETF and trading under the ticker symbol EZBC, the fund is specifically designed for U.S. investors and mirrors...