Search
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...
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...
Bitcoin Price Tumbles 6% as Post-Bitcoin ETF “Sell-the-Fact” Reaction Comes In – How Low Can the BTC Bears Push the Price?
12.1.2024
The Bitcoin (BTC) price has tumbled more than 6% from the mid-$46,000s to the mid-$43,000s, as the post-spot Bitcoin ETF “sell-the-fact” reaction comes in. The US SEC approved the launch of the first 11 spot Bitcoin ETFs on Wednesday. Trade in the new Bitcoin investment products went...
CoinShares Exercises Option to Acquire Valkyrie Funds Following Spot Bitcoin ETF Approval
12.1.2024
Source: Adobestock Investment management company, CoinShares has exercised the right to acquire Valkyrie Funds, a unit of Valkyrie Investment Inc. following the approval of its spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC). CoinShares solidifies position as a bridge between...
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...
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...
Spot Bitcoin ETF shines on the first trading day
12.1.2024
The US Securities & Exchange Commission has ended a month-long wait by approving a major share of Spot Bitcoin ETF applications. The impact was such that the product witnessed an accelerated trading volume on the first day itself. Overall, the trading volume was above $4.5 billion, with...
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...
Bitcoin Price Prediction: ETF Surge Boosts BTC to $46,000 Amid Dollar Fluctuations & Inflation
12.1.2024
In the ever-evolving landscape of digital currencies, Bitcoin has once again captured the financial world’s attention. Amid a backdrop of significant market movements, Bitcoin is currently trading at $45,986, marking a decrease of 1.20 percent as of Friday. This recent fluctuation comes...
Crypto Products for European Investors Experiencing ETF FOMO
12.1.2024
Source: AdobeStock / Craig European crypto enthusiasts are on the sidelines watching as the U.S. Securities and Exchange Commission (SEC) approved eleven spot bitcoin exchange-traded funds experiencing FOMO (fear of missing out) – it’s worth noting there are already plenty of products...
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...
South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval
12.1.2024
Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...
Bitcoin Price Prediction as Rich Dad Poor Dad Author Says He’s Buying More Bitcoin after ETF Result
11.1.2024
Bitcoin, the world’s largest digital cryptocurrency, recently witnessed a significant surge, exceeding $47,000. This remarkable increase is attributed to the U.S. Securities and Exchange Commission (SEC) approving 11 new Bitcoin Exchange-Traded Funds (ETFs), marking a pivotal moment in...
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...
Coinbase’s Market Dominance Challenged by New Wave of Bitcoin ETFs
11.1.2024
Source: Adobe / 24K-Production The US-based crypto exchange Coinbase is facing increased competition and potential challenges to its market dominance following the approval of spot Bitcoin exchange-traded funds (ETFs) in the US. Notable asset management firms, including BlackRock, Franklin...
Cathie Wood criticizes Gary Gensler for demeaning crypto
11.1.2024
Even though Gensler, the chairman of the SEC, ultimately approved the spot Bitcoin ETF, his support for Bitcoin and cryptocurrencies was manifestly lacking. His stance explicitly stated that he did not support it. He advised investors to exercise utmost caution when making decisions, considering...
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...