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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...
Morgan Stanley: Spot Bitcoin ETFs Could Reshape Global Crypto Attitudes
14.1.2024
Source: Adobe/wolterke The crypto landscape has changed dramatically over the past few years, with stablecoin volumes challenging traditional payment giants like PayPal and Visa. Wall Street is now taking a keen interest in this transformation, specifically through the emergence of spot Bitcoin...
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....
Vanguard Deepens Anti-Crypto Stance After Disallowing Spot Bitcoin ETF Trading — Ark CEO Says ‘It’s a Terrible Mistake’
14.1.2024
Investing giant Vanguard has doubled down on its anti-bitcoin and anti-crypto stance after disallowing investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. The firm has also announced that it will no longer accept the purchase...
Blackrock CEO Larry Fink on Bitcoin: I’m a Big Believer — Its Bigger Than Any Government
14.1.2024
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.” Calling the cryptocurrency “digital gold,” the executive stressed: “Unlike gold, where we manufacture new gold, we’re almost...
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)...
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...
Unraveling Gensler’s Strategy: The Reason Behind Allowing Spot Bitcoin ETFs
12.1.2024
When the Securities and Exchange Commission (SEC) decided to approve Spot Bitcoin ETFs for public trading on Wednesday, the deciding vote fell to chairman Gary Gensler. After years of criticizing and rejecting such products, what caused the chairman to change his mind? Based on his recent comments...
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...
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...