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TD Cowen Sees Slim Chances for Spot Ethereum ETF in 2024
30.1.2024
TD Cowen doesn’t expect a Spot Ethereum ETF will be approved anytime soon, citing “no upside” for SEC Chair Gary Gensler. Following Bitcoin spot fund approvals, an Ethereum spot ETF is the next expected milestone in crypto markets. On Monday, analysts led by Jaret Seiberg said they do not expect...
SEC Delays Spot Ethereum ETF Decisions
27.1.2024
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on spot ethereum exchange-traded funds (ETFs) proposed by Blackrock, the world’s largest asset manager, and Grayscale Investments. Grayscale is seeking to convert its existing Ethereum Trust into a spot ETF. Spot...
SEC vs. Ripple puts XRP-Spot ETF on thin ice
24.1.2024
XRP-Spot ETF is one of the most anticipated products in the crypto sphere. The approval of the Bitcoin ETF has triggered this. While there is a lot of uncertainty about the same becoming a reality, the community is optimistic that Ether ETF and XRP ETF will soon make their way into the market....
GBTC ETF Sees Another $515M in Outflows as Bitcoin Price Remains Below $40k
24.1.2024
GBTC has reported another $515 million in outflows on January 23, taking the total outflows to $3.4 billion since its conversion to spot ETF earlier this month. Nine other recently approved spot Bitcoin ETFs recorded a total of $249 million in inflows. Bitcoin lost all of its gains since...
Cathie Wood’s Ark Buys $64M of its Spot Bitcoin ETF Since Launch
23.1.2024
Famed money manager Cathie Wood’s investment firm bought an extra $21m of its bitcoin-based spot ETF on Monday, bringing its total purchases in the fund to around $64m. Ark Invest bought 523,541 shares of the Ark 21Shares Bitcoin ETF (ARKB) on Monday via its Ark Next Generation ETF (ARKW),...
Study: Potential Approval of Spot ETF Is Ethereum’s ‘Strongest Narrative Right Now’
22.1.2024
The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset’s “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum’s rally post-bitcoin...
Bitcoin Price and Ethereum Prediction as Billionaire Jamie Dimon Says BTC Has ‘No Value’ – Is Bitcoin Going to Zero?
18.1.2024
In the dynamic cryptocurrency market, Bitcoin (BTC) maintains stability around $42,500, despite the 1.20% downturn in the overall crypto market, now valued at $1.68 trillion. This steadiness is partly due to the excitement around the newly approved Bitcoin spot ETF, which has brought a fresh wave...
Singapore’s MAS Denies Listing Bitcoin Spot ETF, Retail Investors Can Still Access US ETFs
18.1.2024
The Monetary Authority of Singapore (MAS) has made it clear that spot Bitcoin (BTC) ETFs will not be allowed to be listed in Singapore for retail investors. The decision stems from the fact that cryptocurrencies, including Bitcoin, are not considered eligible assets for ETFs according...
QCP Capital Predicts ETH to Outperform BTC Amid ETH Spot ETF Approval Expectations
17.1.2024
QCP Capital, a Singapore-based crypto trading firm, has forecasted that Ethereum will outperform Bitcoin in the medium term. In a recent post on Telegram, the company argued that the narrative surrounding potential ETH Spot ETF approvals will help ETH outshine the BTC in the short future. QCP said...
‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts
15.1.2024
Source: Wit/Adobe South Korean regulators will not give the green light to a domestic Bitcoin spot ETF before the nation’s next general elections, insiders claim. Per Sobija Mandueneun Shinmun, anonymous financial investment industry officials believe that any new crypto regulation will...
Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review
14.1.2024
The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S....
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
Bitcoin Miners May Be Due a Breather After Spot ETF Approval, JPMorgan Says
11.1.2024
The total market cap of the listed miners in the bank’s coverage has increased 131% since the end of September
Biggest Crypto Gainers Today on Uniswap – PNDC, SPX, MOG
10.1.2024
Uniswap logo The biggest crypto gainers today on Uniswap are $PNDC, $SPX and $MOG, while blue chip cryptocurrency markets are mixed on Wednesday in wake of the SEC’s approval of multiple spot Bitcoin ETFs. Bitcoin (BTC) is choppy just under $46,000, with traders looking ahead to the launch of spot...
Is Ordi Going to Zero? ORDI Price Plummets 10% as New Bitcoin Protocol Hits $8 Million
10.1.2024
First ever BRC-20 ordinal token Ordi (ORDI) has undertaken a sudden -10% ORDI price drop, leaving some panicked holders asking ‘Is Ordi going to zero?’. Dig into this piece and find out in this ORDI price analysis. This comes as markets teeter with anticipation for news of a highly...
Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility
10.1.2024
Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos...
Crypto Staking is One of the Best Ways to Grow Wealth This Year – But Where to Invest Securely?
9.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The crypto market is entering a new period of growth in 2024 according to market analysts. With a series of Bitcoin spot ETF approvals and the next Bitcoin halving event on the horizon, it wouldn’t...
“Bitcoin is Topping Out” – Jim Cramer Shifts Stance Within Days
9.1.2024
Jim Cramer. Source: CNBC Financial analyst Jim Cramer says Bitcoin (BTC) is topping out amid recent gains recorded at the start of the year following optimism for the approval of a spot ETF by the Securities and Exchange Commission (SEC). Cramer, the host of CNBC’s Mad Money, speculated on Jan...
Bitcoin Open Interest Tops $20 Billion Amid Spot ETF Approval Anticipation
9.1.2024
Source: Adobe Stock The open interest in Bitcoin futures contracts across the entire network has surged to 435,700 BTC, approximately valued at $20.443 billion. The opened positions of Bitcoin’s futures contracts witnessed an 11% increase in the past 24 hours, reflecting heightened investor...
Bitcoin Price Crosses Above $45,000 as Final Spot ETF Submission Deadline Ends
8.1.2024
Source: Pixabay The price of Bitcoin continues to rise as the deadline for companies to file S-1 forms for Bitcoin spot ETFs passed this morning. The SEC’s submission deadline of 8am has passed, and all issuers – Hashdex aside – have submitted updated S-1’s, with the exception of Grayscale,...