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Brandt Bucks BTC Halving Hype, Vitalik’s Big Transfer, Spot Bitcoin ETF Developments, and More — Week in Review
24.12.2023
Trader and financial analyst Peter Brandt says that BTC “halving hype is a whole lot of excitement over nothing,” while developments point to imminent SEC action on the spot bitcoin exchange-traded fund (ETF) front. In other popular news this week, Ethereum co-founder Vitalik Buterin...
Former SEC Official Says Gary Gensler’s Legacy Could Be the Approval of Spot Bitcoin ETF
24.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement, a crypto skeptic, now believes that the SEC is likely to approve a spot bitcoin exchange-traded fund (ETF). He further expressed that “the legacy of SEC Chair Gary Gensler could be the approval of a spot...
Blackrock Reveals Plan to Seed Spot Bitcoin ETF With $10 Million on January 3
24.12.2023
Blackrock has revealed a plan to seed its spot bitcoin exchange-traded fund (ETF) with $10 million on Jan. 3. The world’s largest asset manager has engaged in six recent meetings with the U.S. Securities and Exchange Commission (SEC) to address its filing. In response to the SEC’s...
Forecast Frenzy — Bitcoin Price Predictions Surge as 2024 Approaches
23.12.2023
As 2023 winds down with bitcoin soaring by 165% since January, numerous luminaries, visionaries, speculators, and market players predict that the leading cryptocurrency’s value will soar even higher in 2024. This week, Markus Thielen, leading Matrixport’s research division, shared...
Galaxy Digital CEO Mike Novogratz Expects Spot Bitcoin ETF Approval by January 10, Regulatory Progress After Election
23.12.2023
Galaxy Digital CEO Mike Novogratz expects the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF) by Jan. 10 next year. Subsequently, he foresees the cryptocurrency reclaiming its all-time high of $69,000 and wouldn’t be surprised if it surpasses...
SEC Makes ‘Rare’ Calls to Spot Bitcoin ETF Applicants — Analyst Says ‘Good Sign’ for January 10 Approval
23.12.2023
The U.S. Securities and Exchange Commission (SEC) has reportedly made “rare” calls to spot bitcoin exchange-traded fund (ETF) issuers and exchanges regarding their applications. A Bloomberg ETF analyst views this development as a “good sign” for the expected approvals...
Hong Kong Financial Regulator Prepared to Accept Applications for Spot Crypto ETFs
22.12.2023
Source: Adobe/leungchopan Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs). The SFC and the Hong Kong Monetary Authority (HKMA) have issued a joint circular addressing the increasing interest...
As OPIE Coin Shoots Up 100,000%, This Other Token Just Hit $5.75 Million
22.12.2023
As DEX-launched tokens continue to mount seismic rallies, OPIE coin mounted the latest 150x rallies overnight, and now traders are gravitating to this latest meme coin as the next potential skyrocket. This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with...
Bitcoin Dominance Reaches 2-Year High, Exceeding 53%
21.12.2023
Source: Adobe / AMERO MEDIA Bitcoin’s share of the overall crypto market capitalization, known as the Bitcoin dominance, has reached a 2-year high at over 53%. According to data from TradingView, the Bitcoin (BTC) dominance has risen from 52% to over 53% over the past week, after having traded...
CHEEBS and AVAXINU are Up 150x in 24 Hours and This New Meme Coin Could be Next
21.12.2023
As DEX-launched tokens continue to mount seismic rallies, CHEEBS and AVAXINU have mounted the latest 150x rallies overnight, and now traders are gravitating to this latest meme coin as the next potential skyrocket. This comes as recent months have seen a huge trend in explosive DEX-traded token...
Ark Invest Sells Additional Coinbase Shares Worth $24.2 Million
21.12.2023
Source: Adobe Stock ARK Invest, a participant in the application process for a spot Bitcoin exchange-traded fund (ETF) in the United States, has been consistently selling its holdings of Coinbase stock. This trend continued with the recent sale of another substantial batch of Coinbase shares....
Big Money Management Firms Expect SEC to Greenlight Spot Bitcoin ETFs by January 10
21.12.2023
Source: AdobeStock / Backcountry Media Big money management firms expect the Securities and Exchange Commission (SEC) to grant approval for the first “spot” Bitcoin (BTC) exchange-traded fund (ETF) in early January. According to sources close to these firms, recent guidance from...
BlackRock Spot Bitcoin ETF Gains Momentum With Second SEC Meeting in December
20.12.2023
BlackRock and Nasdaq representatives met with the SEC for the second time in December on BlackRock’s proposal for a spot Bitcoin ETF. Image by 24K-Production, Adobe Stock. BlackRock, the world’s largest asset manager, is continuing to push forward with plans to launch a spot Bitcoin...
As MICRO Token Surges 3,000%, This Other Crypto is Preparing to Launch – Here’s Why You Should Pay Attention
20.12.2023
As DEX-launched cryptocurrencies continue to explode, Micro Coq (MICRO) token has emerged as the latest moon-shot after posting a jaw-dropping +3,000% rally, but could this new meme coin be next? This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless...
Galaxy Digital CEO Novogratz Anticipates Bitcoin ETF Approval by Jan 10
20.12.2023
Source: DALL·E Galaxy Digital CEO Michael Novogratz predicts a significant milestone in the cryptocurrency market with the first approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a recent interview with CNBC, Novogratz elaborated on...
Spot Bitcoin ETFs Poised to Tap $30 Trillion Market, Says Grayscale CEO
20.12.2023
Grayscale Investments expects the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) to allow the $30 trillion advised wealth market to gain exposure to bitcoin. “I do think there is a lot of optimism in the market,” said...
7RCC Applies for an ESG-focused Spot Bitcoin ETF
19.12.2023
Source: iStock/pichet_w Asset manager 7RCC has formally submitted a spot Bitcoin exchange-traded fund (ETF) application focused on environmental, social, and governance (ESG) principles to the Securities and Exchange Commission (SEC). As detailed in the proposal filed on December 18, the ETF...
SEC’s Preference Prevails: Blackrock Adopts Cash Model for Spot Bitcoin ETF
19.12.2023
Blackrock, the world’s largest asset manager, has acquiesced to the U.S. Securities and Exchange Commission (SEC)’s preference for the cash creation model rather than the in-kind model for its spot bitcoin exchange-traded fund (ETF). “Blackrock has gone cash only. That’s basically...
BlackRock’s Bitcoin ETF Ticker IBIT Confirmed, Shifts Toward Cash Redemption Model
19.12.2023
Source: DALL·E BlackRock’s proposed spot Bitcoin exchange-traded fund (ETF) has been officially assigned the ticker IBIT, according to an S-1 filing amendment with the Securities and Exchange Commission (SEC). The filing also indicated that BlackRock would adopt a cash redemption model...
Grayscale CEO Calls for Simultaneous Approval of Spot Products to Level the Field
19.12.2023
Source: a video screenshot, Bloomberg Technology / YouTube Grayscale CEO Michael Sonnenshein believes the Securities and Exchange Commission (SEC) needs to approve spot Bitcoin (BTC) exchange-traded funds (ETFs) simultaneously. Sonnenshein expressed his views during a recent interview with...