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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....
Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval
7.1.2024
A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product...
Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In
7.1.2024
The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator to reject spot bitcoin ETFs, warning that approvals will lead...
Blackrock Lines up $2 Billion for Spot Bitcoin ETF Launch, Sources Say
7.1.2024
Blackrock, the world’s largest asset manager, has reportedly lined up more than $2 billion for its spot bitcoin exchange-traded fund (ETF) within days of launch. Vaneck’s head of digital assets research and a Bloomberg ETF analyst have independently verified with their sources that Blackrock...
Watchdog Group Warns SEC: Reject Spot Bitcoin ETFs or Face ‘Financial Carnage’
6.1.2024
Financial watchdog group Better Markets has called on the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs), warning that they “will inflict massive investor harm.” The organization features U.S. Senator Elizabeth Warren’s...
11 Spot Bitcoin ETFs Inch Closer to Approval — Analyst Says It’s ‘Basically Done’
6.1.2024
Eleven spot bitcoin exchange-traded funds (ETFs) are moving closer to approval by the U.S. Securities and Exchange Commission (SEC). Proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges have been filed with the SEC. “It’s basically done,” an ETF analyst...
Solana Price Prediction as SOL Dips Below $100 and Bounces Back – Time to Buy?
6.1.2024
Solana (SOL/USD) has experienced a challenging start to 2024, with its price dipping below $95 despite a generally optimistic trend in the broader cryptocurrency market. Notably diverging from the upliftment seen in other cryptocurrencies spurred by the anticipation of Bitcoin exchange-traded funds...
Ark Invest Continues to Sell Coinbase Shares
6.1.2024
In a strategic move, Ark Invest has offloaded another portion of its Coinbase holdings, selling over $29 million worth of COIN shares from its ETFs. This decision aligns with Ark’s target weighting policy and follows Coinbase’s strong performance in the last quarter of 2023. Ark Invest...
ETFs Are Tots Coming, ETFs Are Not Coming, ETFs Are ETFing and 20 Crypto Jokes
6.1.2024
  Source: AdobeStock / Monkey Business This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: unsurprisingly, ETF discussions. While Tuttle Capital Management filed for six new Bitcoin ETFs...