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Bitcoin Price Prediction: Surge to $47K Amid SEC ETF Speculation, $200K Forecast by 2025
9.1.2024
Bitcoin’s price has soared to $47,000, marking its highest level since April 2022, driven by fervent speculation about the U.S. Securities and Exchange Commission (SEC) possibly approving Bitcoin exchange-traded funds (ETFs). This surge in value is not just a stand-alone event but...
Grayscale’s Bitcoin Trust (GBTC) Outpaces Majority of ETFs with Half a Billion in Trading Volume
9.1.2024
Image by Ascannio, Adobe Stock Grayscale’s Bitcoin Trust (GBTC) has demonstrated significant trading volume, surpassing the majority of existing exchange-traded funds (ETFs). According to industry expert Eric Balchunas, the fund traded close to half a billion dollars on January 8, outshining...
Spot Bitcoin ETFs May Boost Bitcoin Price to $200,000 in 2025, Standard Chartered Predicts
9.1.2024
Source: Standard Chartered Bank Standard Chartered Bank has predicted a significant surge in Bitcoin‘s value, reaching up to $200,000 in 2025 following potential spot Bitcoin exchange-traded fund (ETF) approvals. According to Standard Chartered Bank’s latest report led by Head of Crypto...
VanEck, WisdomTree Spot Bitcoin ETF Tickers Secure DTCC Listing as Applicants Await SEC Approval
9.1.2024
Source: Pixabay As spot Bitcoin ETF applicants wait for the potential approval by the United States Securities and Exchange Commission (SEC), two prominent applicants, WisdomTree and VanEck, have successfully listed their ETFs on the Depository Trust & Clearing Corporation (DTCC). The latest...
Ark Invest CEO Expects Spot Bitcoin ETFs to Attract ‘Substantial’ Institutional Flows, Pushing BTC ‘Much Higher’
9.1.2024
Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the SEC approval, should we and others get it, is...
SEC Expected to Approve ‘a Handful’ of Spot Bitcoin ETFs on Wednesday, Report
9.1.2024
The U.S. Securities and Exchange Commission (SEC) is expected to green-light “a handful” of spot bitcoin exchange-traded funds (ETFs) on Wednesday, potentially unleashing a wave of trading this week. On Monday, 10 applicants submitted their final amendments, including Blackrock, which...
SEC Chair Gary Gensler Issues Crypto Warnings as Spot Bitcoin ETF Decision Looms
9.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand they may be deprived of key info”...
Bitcoin (BTC) Price Pumps Above $47,000 As ETF FOMO Explodes – Where Next Is It Headed Next?
8.1.2024
Bitcoin Blasts Higher / Source: Adobe The Bitcoin (BTC) price just vaulted above $47,000 for the first time since April 2022 as FOMO comes in ahead of the expected approval of spot Bitcoin ETFs by the US SEC later in the week. Bitcoin is up 7% on the day, taking its gains since the start...
Bitcoin Price Prediction as BTC Achieves 20-Month High Above $47K – Can It Break Past $50,000 Soon?
8.1.2024
Bitcoin, the flagship cryptocurrency, has recently soared above the $47,000 mark, reaching a 20-month high, amidst growing investor optimism. This remarkable rally is largely driven by the buzz around the anticipated approval of Exchange-Traded Funds (ETFs) by financial giants such as BlackRock...
Bitcoin ETFs: The Bear Case
8.1.2024
Bitcoin exchange traded funds may not actually be approved, due to the SEC’s long-held concerns about market manipulation. And, if they are, they could change the nature of Bitcoin itself, to the detriment of Satoshi Nakamoto’s original vision, say critics
Bitcoin ETFs: The Bull Case
8.1.2024
One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here’s how that could play out. In a separate post, we review the bear case, where the market may not react with such optimism
Biggest Crypto Gainers Today on Uniswap – PNDC, BSSB, BIGTIME
8.1.2024
Uniswap. Source: Adobe / vladim_ka While crypto markets are enjoying a modest rally on Monday, PNDC, BSSB and BIGTIME are the biggest crypto gainers today on Uniswap. BTC is near $45,000 as investors await imminent expected approval of spot Bitcoin ETFs in the US. ETH, meanwhile, was last in...
10 Spot Bitcoin ETF Applicants Submit Final Amendments With SEC
8.1.2024
Ten spot bitcoin exchange-traded fund (ETF) applicants have filed their final amended registration statements with the U.S. Securities and Exchange Commission (SEC). The amended filings reveal a fierce fee war among spot bitcoin ETF issuers. Grayscale charges the highest fee of 1.5% while Bitwise...
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,...
Chief of Better Markets stands against Bitcoin ETFs
8.1.2024
Bitcoin is inching closer to the mark of $45k. BTC was last exchanging hands at $44,104.29. This could be largely due to the speculation surrounding the approval of Bitcoin ETF applications by the SEC. Applications by the likes of BlackRock and Fidelity are expected to go through maximum by January...
Bitcoin ETF Approval Imminent: SEC’s Key Decision Expected This Week
8.1.2024
Source: DALL·E This week marks a potentially transformative moment for cryptocurrency as the U.S. Securities and Exchange Commission (SEC) is expected to make a key decision on the approval of several spot Bitcoin exchange-traded funds (ETFs). The SEC’s decision, due by Jan. 10, will...
Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse
8.1.2024
Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to...
Blackrock Expects SEC to Approve Spot Bitcoin ETF This Wednesday
7.1.2024
Blackrock, the world’s largest asset manager, reportedly expects its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust, to be approved by the U.S. Securities and Exchange Commission (SEC) this coming Wednesday. According to reports, the asset manager has lined up over...
New US Crypto Tax Law, SEC Still Processing BTC ETFs, Saylor Buys More BTC, and More — Week in Review
7.1.2024
The U.S. introduces stringent tax reporting laws for transactions over $10,000, while the SEC grapples with a backlog of paperwork for pending spot Bitcoin ETFs. Meanwhile, Michael Saylor sells Microstrategy shares to increase his bitcoin holdings, and CNBC’s Jim Cramer hails Bitcoin as...
Bitcoin Price Prediction as Multiple ETF Approval Deadlines Approach – Instant Spike to $50,000 Incoming?
7.1.2024
As the cryptocurrency market buzzes with anticipation, Bitcoin is poised at a crucial juncture, trading at $44,013 with a modest increase of 0.63% on Sunday. In the backdrop of this upward trend, the potential approval of multiple Bitcoin Exchange-Traded Funds (ETFs) is generating excitement....