Tag: ETF

Valkyrie Exec Expects SEC To Approve XRP ETF, Can This Push Price To $100?

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With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow…

ETF hype might trigger a Bitcoin supply shock, says Decimal founder

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Decimal Digital founder Henry Robinson projects a potential Bitcoin supply shock amidst the growing investment inflow in spot Bitcoin ETFs. In an exclusive comment to crypto.news Robinson remarks that Bitcoin ETFs are a game-changer, poised to revolutionize the industry by unlocking unprecedented investment opportunities. According to him, these financial instruments will attract substantial new investments into Bitcoin from diverse sectors, including pensions, endowments, insurance companies, sovereign wealth funds, and trusts. Robinson’s insight comes following the U.S. SEC’s approval of several Bitcoin ETFs, which has sparked a trading frenzy with reports…

Gary Gensler’s Bitcoin ETF Clown Show

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Moreover, Gensler doesn’t sound particularly “merit neutral” (which is how the SEC describes its role in regulating markets) when drawing a comparison between bitcoin and gold, saying one is a commodity with industrial and consumer use and the other is primarily used for ransomware, money laundering, sanctions-evasion and terrorist financing, when not for pure speculation. Original

One place you won’t find a bitcoin ETF: Jack Bogle’s Vanguard

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Pavlo Gonchar | Lightrocket | Getty Images More than a dozen financial firms are involved in new bitcoin exchange-traded funds that began trading Thursday, but one of the biggest fund issuers and money managers in the world still won’t touch cryptocurrency. A Vanguard spokeswoman told CNBC that the asset management giant has no plans to create a bitcoin ETF of its own, or to even offer funds from other issuers on its trading platform. “While we continuously evaluate our brokerage offer and evaluate new product entries to the market, spot…

Could ETF Hype Cause BTC Price To Double?

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Bitcoin price is struggling to crack resistance around $47,000 per coin, but it might not be long until it does thanks to the backdrop of bullish spot BTC ETF news. The news could also be supported by a change in mass crowd psychology, according to Elliott Wave Principle and the current projected count in BTCUSD. All of this could cause the top cryptocurrency by market cap to double in a flash. The Countdown To Bitcoin Price Doubling During every major bull run, there is a phase where the rally is…