#bitcoin ETF
#bitcoin ETF

BlackRock's IBIT achieves 70-day inflow streak milestone

BlackRock's Bitcoin ETF IBIT achieved 70 consecutive days of net inflows, garnering significant traction. [ more ]

Coindesk

VanEck Spot Bitcoin ETF Sees Record $119M Inflow After Fee Cut to 0%

VanEck's spot bitcoin ETF saw record daily inflows after cutting management fees to 0%.

VanEck Bitcoin Trust attracted $119 million in fresh funds, adding over 1,600 bitcoin on Monday. [ more ]

Coindesk

Grayscale Bitcoin ETF Sees Record Lowest Daily Outflow of $18M

Grayscale's BTC ETF experienced $18 million in outflows, a record low since its launch.

Genesis selling shares due to bankruptcy process and high annual fees contribute to the GBTC product's consistent outflows. [ more ]

Coindesk

First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest

Grayscale's bitcoin fund, GBTC, saw its discount to net asset value (NAV) shrink to 0% following approval to convert into a spot bitcoin exchange-traded fund (ETF).

Franklin Templeton reduced the fee on its bitcoin ETF to 0.19% of net assets, making it the cheapest option among new investment products.

UBS will allow some clients to trade bitcoin ETFs but with certain conditions, including not soliciting these trades and limiting access for accounts with lower risk tolerance. [ more ]

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cryptocurrency-market

Coindesk

Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year

Monochrome Asset Management has applied for a spot Bitcoin ETF in Australia with Cboe Australia.

Cboe Australia is expected to make a decision on the Bitcoin ETF application before mid-2024. [ more ]

Coindesk

morecryptocurrency-market

Bernstein Is 'Now More Convinced' That Bitcoin Will Hit $150K After Massive Rally

Bitcoin ETF inflows surpass expectations

Broker more convinced of $150K Bitcoin target

Bitcoin mining stocks recommended for crypto market rally [ more ]

cryptocurrency

Coindesk

Australians More Likely to Invest in Spot Bitcoin ETFs After U.S. Approval: Study

25% of Australians view bitcoin more favorably post-spot bitcoin ETF approval

General awareness of cryptocurrency among Australians at a new high of 95% [ more ]

Coindesk

Crypto Bulls Lose $217M as Apparent Grayscale Sales Weighs on Bitcoin

Futures traders saw $217 million in liquidations in the past 24 hours as the approval of spot bitcoin ETFs led to a sell-off.

Fears of Grayscale selling its bitcoin holdings contributed to the drop in prices. [ more ]

Coindesk

Ben Franklin's Laser Eyes Suggest a Tough - and Quirky - Battle for Bitcoin ETFs

Companies issuing bitcoin ETFs are finding creative ways to distinguish themselves from competitors

Laser eyes and embracing crypto culture are some of the strategies being used [ more ]

morecryptocurrency

cryptocurrency-market

London Business News | Londonlovesbusiness.com

Bitcoin outlook: Will the cryptocurrency market recover?

Bitcoin price dropped to $38,555 and rose above $40,000, triggering massive liquidation in the cryptocurrency market.

The decline in Bitcoin prices may be due to GBTC redemption through bankrupt exchange FTX and the approval of a Bitcoin ETF by the SEC. [ more ]

Coindesk

morecryptocurrency-market

Bitcoin ETF Fever Drives Ethereum to 32-Month Low Versus BTC

Ethereum's ether (ETH) has reached its lowest price versus bitcoin (BTC) since April 2021.

Bitcoin's dominance in the cryptocurrency market has risen from 39% to 54% in the past 14 months. [ more ]

crypto-industry

Coindesk

Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address

Bitwise became the first bitcoin ETF issuer to share its digital wallet address publicly, allowing anyone to verify the fund's holdings and flows on the blockchain.

Publishing on-chain addresses is a first step towards increasing public transparency in the crypto industry, and Bitwise hopes to do more in the future to provide real-time cryptographic attestations. [ more ]

Coindesk

HashKey Becomes Crypto Unicorn After Closing $100M Raise

HashKey Group has almost reached its $100 million fundraising target and now has a valuation of $1.2 billion.

The company won a license from Hong Kong's security regulator to offer retail crypto trading. [ more ]

Coindesk

Business

What Other Crypto Firms Could Go Public This Year

Circle, the stablecoin issuer, is making another attempt at going public after its previous plans fell through in 2021.

The rebound in cryptocurrencies and the launch of a bitcoin ETF may create favorable conditions for crypto companies to go public. [ more ]

Coindesk

Bitwise, Fidelity, BlackRock See Biggest Bitcoin ETF Inflow in Preliminary Tally

Bitwise's bitcoin ETF (BITB) saw the biggest inflow of cash on its first day of trading, followed by Fidelity's fund (FBTC).

BlackRock's IBIT, expected to be a top contender, attracted $110 million in inflows but holds $120 million in bitcoin and $112 million in cash.

Spot bitcoin ETFs recorded a massive first day in trading volume with $4.6 billion daily volume combined, making it the biggest Day One in ETF history. [ more ]

Coindesk

BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks

The SEC's approval of spot bitcoin ETFs in the U.S. may result in the largest influx of funds into a specific ETF on its first day of trading.

The iShares Bitcoin Trust (IBIT) from BlackRock could attract as much as $3 billion in inflows on its debut, setting a record for ETF history.

The approval of spot bitcoin ETFs opens up the opportunity for any investor to gain exposure to bitcoin without needing to go through a crypto exchange. [ more ]

Coindesk

Grayscale Claims Bragging Rights for First Spot Bitcoin ETF to Trade

Grayscale's GBTC became the first spot bitcoin ETF to begin trading after receiving approval from the SEC.

The approval of GBTC and other spot bitcoin ETFs marks a historic milestone for the cryptocurrency industry. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Spot Bitcoin ETFs Are Coming Soon. How Will They Be Redeemed?

BlackRock and Grayscale met with the SEC to discuss approval requirements for their spot Bitcoin ETF applications.

Concerns have been raised about Coinbase's dual role as an exchange and custodian for ETF applicants. [ more ]

Coindesk

BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

Bitcoin surged to over $47,000, its highest level since April 2022, as investors anticipate the approval of a spot-based Bitcoin ETF in the U.S.

The approval of the Bitcoin ETF could lead to a significant rally in the price of Bitcoin, attracting more investors and inflows.

Asset management giants BlackRock, Fidelity, and Grayscale have submitted updated filings to the SEC for Bitcoin ETF approval. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Google Revising Crypto Ad Rules Ahead of Expected Bitcoin ETF Launch

Google has adjusted its Crypto Ad Guidelines to allow advertisers offering "Cryptocurrency Coin Trusts" targeting the United States, reflecting a shift in its approach to cryptocurrency-related ads.

The updated guidelines recognize the growing popularity and legitimacy of investment vehicles that enable trading of digital currency.

Google will now issue warnings at least seven days before suspending accounts for policy violations. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin hits $42,000, eying $102,000 amid Fed

Bitcoin surges above $42,000, reaching fresh highs since May 2022.

Institutional investment, potential rate cuts by the Fed, and speculation about the Bitcoin ETF approval contribute to the bullish sentiment. [ more ]

morecryptocurrency

Coindesk

1 week ago

First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears

Bitcoin and ether prices dip amidst U.S. stagflation fears. Potential for first spot Bitcoin ETF approval in Australia. Slowdown in Bitcoin ETF inflows is a short-term development. [ more ]

ReadWrite

3 weeks ago

Chinese fund managers seek Bitcoin ETF approval in Hong Kong

Hong Kong may approve Bitcoin ETF linked to BTC, attracting significant demand from Chinese investors through Southbound Stock Connect program. [ more ]

Coindesk

4 weeks ago

Crypto for Advisors: Are ETH ETFs Coming?

Spot Ether ETF approval likely imminent despite recent market skepticism.

Main arguments for and against Spot Ether ETF approval being debated as May 23 SEC decision approaches. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

4 weeks ago

Chinese Financial Institutions Turn to Hong Kong's New Bitcoin ETF

New applications for a Bitcoin ETF in Hong Kong are coming from major traditional asset managers in Mainland China.

Hong Kong's Bitcoin ETF is attracting significant interest globally, signaling a shift towards broader acceptance of ETFs in East Asia. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

First Australian Spot Bitcoin ETF Could Launch Mid-Year

Monochrome plans Australia's first spot Bitcoin ETF

ETF expected to gain approval by mid-2024 [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

BlackRock CEO Larry Fink Says He's "Very Bullish On The Long Term Viability of Bitcoin"

BlackRock CEO Larry Fink is bullish on Bitcoin's long-term viability, with their $IBIT spot Bitcoin ETF being the fastest-growing ever. [ more ]

Coindesk

U.S Has its Eleventh Spot Bitcoin ETF After Hashdex Fund Conversion

Hashdex converted Bitcoin Futures ETF into Spot Bitcoin ETF under ticker DEFI.

DEFI can hold up to 5% of assets in CME-traded bitcoin futures contracts for better price tracking. [ more ]

Coindesk

Hong Kong-Based Asset Manager VSFG and Value Partners Apply for Spot Bitcoin ETF

Asset managers VSFG and Value Partners have applied for a spot bitcoin ETF in Hong Kong.

SFC is expected to allow in-kind creations and redemptions for spot bitcoin ETFs. [ more ]

Coindesk

Goldman Seeing 'Resurgence of Interest' for Crypto Options From Hedge Fund Clients: Bloomberg

Approval of spot bitcoin ETF led to increased interest among Goldman's clients.

Goldman expanding offerings to asset managers, bank clients, and digital asset firms. [ more ]

Coindesk

Robinhood to Benefit From 'Monster' Crypto Cycle, Initiated Outperform by Bernstein

Bernstein initiated coverage of Robinhood (HOOD) with an outperform rating and $30 price target.

Expectation of significant growth in the total crypto market cap and bitcoin ETF assets under management by 2025. [ more ]

Coindesk

SEC Orders First Trust-SkyBridge to Declare its Bitcoin ETF Application Abandoned

First Trust and SkyBridge abandon bitcoin ETF application after initial rejection in January 2022.

BlackRock's successful bitcoin ETF approval might have influenced First Trust and SkyBridge's decision not to reapply. [ more ]

Coindesk

BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy

BlackRock iShares Bitcoin ETF (IBIT) has accumulated more bitcoin than MicroStrategy.

IBIT has been adding hundreds of millions of dollars worth of bitcoin daily since its launch. [ more ]

ReadWrite

SEC delays decision on Bitcoin trading options for ETFs

SEC delays decision on Bitcoin ETF options

Options on ETFs provide leverage for directional bets on the market [ more ]

Coindesk

Osprey Bitcoin Trust Looking for a Buyer or Possible Merger with Bitcoin ETF

Osprey Bitcoin Trust exploring strategic alternatives including selling or merging with a bitcoin ETF

Possible liquidation and dissolution if current process is unsuccessful [ more ]

Coindesk

BlackRock's Spot Bitcoin ETF Starts Trading in Brazil

BlackRock expands trading of its spot bitcoin ETF, IBIT, to Brazil

IBIT attracted over $7 billion in net investments since its U.S. launch on January 11 [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

BlackRock's Spot Bitcoin ETF To Start Trading in Brazil Tomorrow

BlackRock launches Bitcoin ETF in Brazil

Management fee for IBIT39 initially at 0.25%, reducing to 0.12% after reaching $5 billion in assets. [ more ]

Coindesk

Bitcoin ETF Trading Frenzy Continues After Record $673M Net Inflow as BTC Price Nears Record

BlackRock's bitcoin ETF (IBIT) is among the most traded in the U.S., with over $1 billion in trading volume for four consecutive days.

Spot bitcoin ETFs saw significant activity, with a record $673 million net inflow on Wednesday. [ more ]

Coindesk

BlackRock Bitcoin ETF Breaks Volume Record as Bitcoin Rallies to $64K Before Plunging

BlackRock's bitcoin ETF (IBIT) traded nearly $3 billion, setting a volume record.

Market frenzy in ETF trading coincided with bitcoin surging past $60,000 and then dropping down to $60,000. [ more ]

Coindesk

Ark and 21Shares to Disclose Spot Bitcoin ETF Reserves Via Chainlink Integration

Ark Invest and 21Shares are enhancing transparency by making bitcoin reserves public for ARKB.

Integration of Chainlink's Proof of Reserve platform for verification of holdings data in ARKB. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Bitcoin ETF: A Decade Of Struggle For Legitimacy

The SEC approved 11 Bitcoin spot ETFs, leading to a surge of global investors and marking the crossover between traditional finance and digital assets.

The approval of the Bitcoin ETF is a milestone for the crypto industry, but some early crypto investors still have reservations. [ more ]

Bitcoin News

Ads For Bitcoin Spot ETFs Go Live On Google: Report

Bitcoin ETF ads have been made live on search engine Google, following the approval of the ETFs in the United States.

Leading asset management firms like BlackRock, Fidelity, and Grayscale are engaging in an advertising blitz to promote their newly approved exchange-traded products. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin is expected to set a new all-time high of $88,000 in 2024

Bitcoin is predicted to reach a new all-time high of around $88,000 this year, according to a panel of industry specialists.

By the end of the year, experts expect the price of Bitcoin to drop to around $77,000 before climbing to $123,000 in 2025 and $367,000 in 2030. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Valkyrie Becomes First Spot Bitcoin ETF to Diversify Coin Custody, Uses Coinbase and BitGo

Valkyrie has become the first spot Bitcoin ETF to diversify the custody of its coins by partnering with BitGo in addition to Coinbase.

The move aims to enhance security and reliability by working with multiple custodians. [ more ]

Coindesk

Global X Pulls Out of Spot Bitcoin ETF Application

Global X has withdrawn its application for a spot bitcoin ETF on Cboe BZX Exchange.

BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund are leading the race in terms of total flows for ETFs. [ more ]

Coindesk

First Mover Americas: Bitcoin Regains $41K in End of Week Rally

Bitcoin price rises by 2.6% in the last 24 hours.

ARK Invest sells shares of ProShares Bitcoin Trust ETF and buys shares of ARK 21 Shares Bitcoin ETF. [ more ]

Coindesk

Spot Ether ETF Applications Decisions Delayed by SEC

The U.S. SEC has delayed the applications of Grayscale Investments and BlackRock to convert their Ethereum trust products into ETFs.

The SEC has traditionally been opposed to spot crypto ETFs, and it is unclear whether the applications have progressed to the stage of addressing questions from the regulator. [ more ]

Coindesk

ETH ETFs Are Inevitable - But When?

The SEC is expected to reject an ETH-based ETF by May

Approval for an ETH ETF is more complex than with bitcoin ETFs [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Bitwise Becomes First U.S. Spot Bitcoin ETF to Disclose BTC Holding Addresses

Bitwise has become the first U.S. spot Bitcoin ETF to publicly disclose its Bitcoin address holdings.

By providing real-time access to its Bitcoin addresses, Bitwise aims to enhance transparency and build trust among investors and the public. [ more ]

Coindesk

Solana (SOL), Cardano (ADA) Lead Crypto Market Lower as Traders Grapple With BTC Headwinds

Cryptocurrencies began the week in the red due to fears of large bitcoin sales.

Bitcoin's fall below $41,000 support level could lead to further losses in other cryptocurrencies. [ more ]

Coindesk

BlackRock's Bitcoin ETF Hits $1B AUM in One Week

BlackRock's iShares Bitcoin Trust (IBIT) has become the first bitcoin ETF to reach $1 billion in assets under management.

The fund has seen strong investor demand and has a long-term commitment to providing access to an iShares quality ETF. [ more ]

Coindesk

ARK Buys $15.9M Worth of Its Own Bitcoin ETF

ARK Invest purchased $15.9 million worth of shares in its own bitcoin ETF.

ARK also sold $15.8 million worth of shares in the ProShares Bitcoin Strategy ETF. [ more ]

TechCrunch

How low can bitcoin ETF fees drop before it hurts a business? | TechCrunch

Franklin Templeton's Bitcoin ETF has the lowest fee at 19 basis points

Spot Bitcoin ETFs saw $4.6 billion in trading volume on their first day [ more ]

Coindesk

The Biggest Bitcoin ETF Threat No One Is Talking About

Concerns about concentration of risk in using Coinbase as custodian for bitcoin ETFs

The cash-like nature of crypto assets makes the situation inherently concerning [ more ]

Coindesk

Gary Gensler Voted to Approve Bitcoin ETFs, Despite Public Criticism

SEC chairman Gary Gensler was one of three members who approved the filings for the first-ever spot bitcoin ETF.

Commissioners Caroline Crenshaw and Jaime Lizárraga voted against the plans. [ more ]

Coindesk

ETF Euphoria Shows Bitcoin Needs Wall Street After All

The SEC has approved the first spot Bitcoin ETF in the US.

The crypto industry sees the ETF as necessary for mainstream adoption despite contradicting Bitcoin's original goal. [ more ]

Coindesk

Bitcoin ETFs Approved: The Industry Reacts

The SEC has approved several spot bitcoin ETF applications, allowing traditional financial institutions to play a significant role in the crypto markets.

These ETFs could drive significant capital into bitcoin and potentially attract $100 billion in investments this year. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Spot Bitcoin ETF Issuer Bitwise Pledges 10% of Profits To Fund Open-Source BTC Development

Bitwise Asset Management will allocate 10% of profits from the Bitwise Bitcoin ETF towards supporting Bitcoin open-source development.

The donations will benefit three non-profit organizations - Brink, OpenSats, and the Human Rights Foundation's Bitcoin Development Fund. [ more ]

Coindesk

The Protocol: Beneath Bitcoin ETF Chaos, A Blockchain Drama

Speculation of U.S. regulators approving a bitcoin ETF has sparked bullish sentiment in crypto markets

A proposal to curtail certain activities on the Bitcoin blockchain was abruptly ended by a maintainer of the Bitcoin Core software [ more ]

WSJ

SEC Hack Adds to Unease Over Bitcoin ETF Approval

Hack of SEC's X account poses complication for Bitcoin ETF vote

SEC regulators concerned about fraud and manipulation in crypto markets [ more ]

www.cbc.ca

Canada news

U.S. SEC has not approved bitcoin ETFs, says social media account was compromised | CBC News

The SEC's Twitter account was compromised and a false post claiming approval of bitcoin ETFs was spread, causing a brief spike in the price of bitcoin before it fell again.

The SEC has not yet granted approval for bitcoin ETFs and the incident may impact potential approvals in the future. [ more ]

time.com

Business

SEC Says Its X Account Was Compromised to Falsely Say Bitcoin ETFs Approved

The US Securities and Exchange Commission has not yet approved spot-Bitcoin exchange traded funds (ETFs), despite a fake post on Twitter briefly raising hopes of approval.

About a dozen companies have applied to list ETFs backed by Bitcoin in the US, and the SEC has until January 10 to take action on at least one of those applications. [ more ]

Coindesk

SEC Twitter 'Compromised,' Bitcoin ETFs Not Approved Chair Gensler Says After Account Said Products Greenlit

The U.S. SEC did not approve any spot bitcoin ETF applications, despite a tweet from the SEC's compromised Twitter account.

The SEC is expected to approve spot bitcoin ETF applications later on Wednesday. [ more ]

Coindesk

El Salvador's BTC Bet Is $13M in Profit as Bitcoin ETF Approval Approaches

El Salvador has seen a significant increase in its unrealized profits on its bitcoin investment after being in the red for two years.

Bitcoin has surged by 75% since October, likely due to the anticipation of the approval of a spot bitcoin ETF in the U.S. [ more ]

The Verge

The SEC's X account was hijacked to post a fake approval of Bitcoin ETFs

The SEC's official social media account posted a tweet claiming it had approved Bitcoin ETFs, but the tweet was later deleted.

SEC Chair Gary Gensler confirmed that the tweet was unauthorized and clarified that the SEC has not approved Bitcoin ETFs. [ more ]

Coindesk

GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race

The discount on the Grayscale Bitcoin Trust (GBTC) has reached its lowest level since April 2021 as expectations of a conversion to a spot bitcoin ETF increase.

The discount on GBTC has steadily narrowed as a result of expectations of an ETF approval and rising bitcoin sentiment. [ more ]

London Business News | Londonlovesbusiness.com

Whales withdraws $1 billion worth of BTC as Bitcoin ETF decision looms

The US SEC is set to make a major decision on spot Bitcoin ETF

Bitcoin's value has increased by over 60% in the past three months

$1 billion worth of Bitcoin has been withdrawn from Kraken exchange before the SEC decision [ more ]

Coindesk

Bitcoin ETF Approval Expected Soon, Bears Lose $100M

Traders lost over $100 million betting against higher bitcoin prices as expectations for a bitcoin ETF approval in the U.S. increased.

BTC surged and reached $47,000 for the first time since April 2021, causing significant losses for traders. [ more ]

Coindesk

As Crypto World Watches SEC, Chair Gensler Says (Again) That Sector is Dangerous

SEC Chair Gary Gensler warns about the hazards of investing in digital assets amidst the pending decision on a Bitcoin ETF.

There is a concern about scams and fraud in the crypto sector, and companies may not be compliant with securities laws. [ more ]

Coindesk

Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket

The odds of a spot bitcoin ETF being approved in the U.S. have risen to over 90%, according to analysts at Bloomberg.

Crypto market participants on Polymarket are more pessimistic, trimming the odds to 85%.

The SEC's decisions this week are highly anticipated by the crypto market and could lead to the first spot bitcoin ETFs in the country. [ more ]

www.fastcompany.com

What's behind Bitcoin's huge comeback?

Bitcoin has quietly emerged from a rough period, with its price recently topping $45,000 for the first time since April 2022.

The crypto winter is seen as a purging process that has cleansed the system and set the stage for a new bull market. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Nasdaq Files Amendment for BlackRock's Spot Bitcoin ETF, Nears Approval Deadline

The Nasdaq has submitted an amendment for BlackRock and Valkyrie's Spot Bitcoin ETF filings, showing progress in securing approval from the SEC.

The amendment filing signals an intensified effort to address regulatory concerns within the specified timeframe.

The BlackRock Spot Bitcoin ETF could provide a regulated investment avenue for BTC to institutional and retail investors. [ more ]

www.fastcompany.com

BTC ETF watch: Crypto firm Grayscale just gave a major sign that SEC approval is imminent

Bitcoin ETF approval is anticipated and could be a reality soon.

SEC has been meeting with officials from major securities exchanges, indicating progress in approving Bitcoin ETFs.

Grayscale Investments has filed paperwork and been in talks with investment banks for launching and managing a Bitcoin ETF. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin price expectations and rumors of immediate ETF rejection

Analysts expect pending requests for Bitcoin ETFs to be approved in 2Q 2024.

Chairman Gary Gensler's stance on cryptocurrencies makes it unlikely for him to vote in favor of approving Bitcoin ETFs. [ more ]

Coindesk

Bullish Bitcoin Market Sentiment at Display as 'Buy the Dip' Mentions Soar

Social media chatter turned bullish after news of a potential delay in the Bitcoin ETF launch, with 'Buy The Dip' mentions reaching a high of 323.

The 'buy the dip' narrative is a popular strategy in the crypto community, indicating an intention to buy when prices drop. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Goldman Sachs Wants Role as Authorized Participant for BlackRock & Grayscale's Spot Bitcoin ETF

Goldman Sachs is in advanced discussions to become an authorized participant for proposed spot Bitcoin ETFs from BlackRock and Grayscale Investments.

Being an authorized participant allows firms to facilitate the creation and redemption of ETF shares by exchanging them for BTC.

Goldman Sachs, BlackRock, and Grayscale's partnership signals increasing institutional interest in Bitcoin and a maturing market. [ more ]

Coindesk

Bitcoin ETF Looks Very Likely Given These Bureaucratic SEC Steps

The SEC is meeting with potential issuers of spot bitcoin ETFs to finalize details and guide revisions of S-1 filings.

Final amendments to all spot bitcoin ETF applications must be done by Dec. 29 in order to be considered in the first wave. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

SEC To Finalize Comments On Spot Bitcoin ETFs With Stock Exchanges Today

The SEC is holding meetings with stock exchanges to gather final comments on spot Bitcoin ETFs.

The outcome of these meetings could reshape Bitcoin investment for institutional and retail investors. [ more ]

Coindesk

Bitcoin Slumps as $400M Liquidated in Two Hours

Bitcoin slid 8% on Wednesday as market uncertainty surrounding the approval of a Bitcoin ETF increased.

The slump erased the gains from January 1st and led to $500 million worth of position liquidations on derivatives exchanges. [ more ]

Axios

Bitcoin hits $45k for first time since April 2022

Bitcoin's price reached $45,000 for the first time since April 2022.

Anticipation for the approval of Bitcoin ETFs has contributed to the price surge. [ more ]

Coindesk

JPMorgan CEO's Bitcoin Bashing Is a 'Do as I Say, Not as I Do' Situation

JPMorgan Chase CEO Jamie Dimon, known for his criticism of cryptocurrencies, is now getting involved in the crypto space.

JPMorgan will play a key role for BlackRock's proposed bitcoin ETF as an authorized participant if it gets approved.

The move highlights the allure of profits in the finance industry, even if it contradicts previous stances on cryptocurrencies. [ more ]

Coindesk

BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF

BlackRock and Valkyrie have named authorized participants for their proposed bitcoin ETFs.

BlackRock has teamed up with J.P. Morgan and Jane Street, surprising some industry experts. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

How Will Bitcoin And Ethereum's Differences Impact Their Spot ETFs?

Analysts predict that the Securities and Exchange Commission (SEC) will approve spot Bitcoin ETF applications in January 2024, following the approval of Bitcoin (BTC) Futures ETFs in October 2021 and Ether (ETH) Futures ETFs in October 2023.

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

A List of Every Wall Street Giant Seeking to Launch a Bitcoin ETF

A Bitcoin spot ETF could be live in the U.S. as early as January.

Over 12 applicants are competing to be approved for the first Bitcoin spot ETF. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

What Happened the Last Time the SEC Ruled on a Bitcoin ETF

The quest for a Bitcoin ETF has been ongoing since 2013, with multiple proposals and rejections.

Despite its popularity, the GBTC Bitcoin fund remains unlisted on major U.S. exchanges. [ more ]

Coindesk

What to Expect From Bitcoin in 2024

Optimism regarding a spot bitcoin ETF application approval ignited an almost 49% gain in BTC's price since October.

Coindesk

First Mover Americas: Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks

BlackRock's change to its spot bitcoin ETF mechanics allows Wall Street banks to play a key role in the ETF ecosystem.

Binance and its founder argue that the SEC did not meet the requirements of the 'Howey Test' in its lawsuit against them. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin in the vision of the future, what comes after $41,000?

Bitcoin's price has surpassed $40,000 for the first time in 18 months.

Anticipation is high for the impact of FOMO and FUD regarding the approval of Bitcoin ETFs. [ more ]

Coindesk

First Mover Americas: BlackRock Received $100K Seed Funding for Its Spot BTC ETF

BlackRock received $100,000 as seed capital for its proposed spot bitcoin ETF.

MicroStrategy's bitcoin holdings reached over $2 billion in profit following the cryptocurrency's rally. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

El Salvador National Treasury In Profit After Bitcoin Surge Above $40,000

El Salvador's national Bitcoin treasury has seen a profit of 3.17% on its $127 million investment.

President Nayib Bukele has yet to confirm if the country acquired additional Bitcoin over the last year. [ more ]

Cointelegraph Magazine

Bitcoin ETF race has a new player, Binance ends support for BUSD, and more: Hodler's Digest: Nov. 26 - Dec. 2

Asset manager Pando Asset has joined the race for a spot Bitcoin ETF in the US, becoming the 13th applicant.

Binance is ending support for its native stablecoin, Binance USD (BUSD), and users must withdraw or convert their balances before December. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

MicroStrategy Buys An Additional 16,130 Bitcoin For $593 Million

MicroStrategy has purchased an additional 16,130 BTC for $593.3 million, bringing their total Bitcoin holdings to over 174,530 BTC worth more than $6.59 billion.

The company has consistently added to their Bitcoin holdings since August 2020 and has implemented a treasury reserve strategy.

MicroStrategy's aggressive bitcoin investment strategy continues despite the upcoming Bitcoin halving and potential approval of a Bitcoin ETF by the SEC. [ more ]

London Business News | Londonlovesbusiness.com

Lunar Strategy CEO says 'institutional investors coming back' to crypto

Institutional investors are showing renewed interest in the cryptocurrency market, as evidenced by the growing number of applications for a Bitcoin ETF.

The upcoming halving event for Bitcoin could drive up the price and spur investment in altcoins.

The regulatory landscape for cryptocurrencies is evolving, with agencies like the SEC cracking down on players operating outside the existing framework. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin regains the $37,000 level and derivatives markets are suggesting more momentum to come

Bitcoin and Ethereum are attempting to maintain their price levels despite negative sentiment in the market.

Grayscale has applied to launch a Global Composite Bitcoin ETF, separate from its previous application to convert Grayscale Bitcoin Trust into an ETF.

The next stage for Binance will involve close monitoring by regulatory bodies, potentially increasing transparency and reducing concerns about market manipulation. [ more ]

Coindesk

Bitcoin and Crypto Markets Shake Off Binance News, Eye Spot ETF Approval

Bitcoin has risen above $37,400 despite negative news in the crypto market.

The Binance settlement may increase the chances of the SEC approving a spot bitcoin ETF.

The exit of Binance's founder and CEO could alleviate concerns about overseas manipulation of bitcoin prices. [ more ]

Coindesk

Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein

Binance remains the dominant crypto exchange internationally despite the recent settlement with the U.S. government.

Bernstein expects increased competition from Coinbase and new exchanges in regulated markets.

The settlement could lead to the approval of a regulated bitcoin ETF. [ more ]

Coindesk

Navigating the Next Wave of Crypto Institutionalization: A Due Diligence Primer

US financial institutions are waiting for the SEC's decision on Bitcoin ETF applications.

Approval of Bitcoin ETFs could mark a significant moment in the market's evolution.

Institutions entering the crypto space highlight the need for robust due diligence. [ more ]

Coindesk

Cathie Wood Speculates Gary Gensler's Political Ambitions Are Affecting Spot BTC ETF Judgement

Cathie Wood suggests that Gary Gensler's political ambitions might be hindering the approval of a spot bitcoin ETF by the SEC.

Wood believes that Gensler's knowledge of the transparency and decentralization of Bitcoin should reassure him about approving a spot ETF.

Wood anticipates that a spot ETF approval will contribute to a significant increase in the cryptocurrency market cap. [ more ]

Coindesk