Tag: ETF

SEC approves spot Bitcoin ETF on accelerated basis

boss

The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading at the CBOE from 9 am on Jan. 11 when the U.S. stock market opens 11 issuers were mentioned in the SEC’s approval filing, issuing the green light to list…

What false Bitcoin ETF Approval means for BTC

boss

YouTube analyst Crypto Banter predicts that Bitcoin is still on an uptrend despite a false SEC announcement and Gary Gensler’s clarification. The analyst reveals the market hates uncertainty, which has led to the choppy Bitcoin price. When considering what’s next, the analyst, joined by guest Jason Pizzino, shares in a Jan. 10 video that although the BTC market might see a correction, it doesn’t mean the market is going below $30,000 to $32,000 since the market has seen 22% corrections on its way up. Therefore, for the market to go…

MOG Coin sees 47.5% gain as ETF deadline approaches

MOG Coin, an Ethereum-based coin, takes a spot on CoinGecko’s top trending report following double-digit gains in the last 24 hours. As another Ethereum-based coin, MOG joins the surging token list on pending ETF approval day. MOG tokens are actively traded on decentralized and centralized crypto exchanges, with Uniswap V2 Ethereum emerging as a popular platform for buying and trading Mog Coin. The MOG/WETH trading pair on Uniswap V2 has since recorded a substantial trading volume of over $1 million in the last 24 hours. Mog Coin price chart | Source:…

Bitcoin ETF Confusion Abounds

The crypto industry can breathe a sigh of relief: It looks like a federal U.S. regulator will let the world’s largest traditional finance asset managers and other firms list and trade shares of a vehicle giving retail and institutional investors exposure to the price of a decentralized, trustless, stateless digital asset (if you’re in the U.S.). But of course, the bitcoin exchange-traded fund (ETF) drama wouldn’t be complete without, well, drama. Source

Spotlight on Potential $100 Billion Influx and Bitcoin ETF Approval Amid Governance Debates

boss

GITHUB REJECTION! While crypto traders, tradfi investors, financial institutions and probably lots of normies and newbies were engaging in the gripping speculation over whether U.S. regulators would approve a spot bitcoin ETF, a struggle over the very soul of the Bitcoin blockchain was taking place on the open-source developer platform GitHub. At the core of the matter was whether data-oriented applications like Ordinals inscriptions – often referred to as “NFTs on Bitcoin” – should be allowed on a network that purists argue should be preserved primarily as a settlement layer…

Fidelity trading app displays spot Bitcoin ETF tickers

boss

Users reported seeing spot Bitcoin ETF symbols on trading platforms ahead of approval from the SEC. Fidelity’s retail trading app showed spot Bitcoin ETF tickers, including ARK 21Shares Bitcoin ETF (ARKB), although one user confirmed that trading was unavailable for now. Shortly after, Bloomberg notably listed 11 Bitcoin (BTC) ETFs on its terminal under the “pending listing” designation.  The Chicago Board Options Exchange also filed a request for acceleration with the U.S. Securities and Exchange Commission (SEC) on behalf of Invesco Galaxy, essentially asking for permission to list and start…

Will ETH Price outperform BTC After ETF Approval?

Ethereum price briefly broke past the $2,400 mark on Jan. 10, up 10% within the weekly time frame, ahead of the much-anticipated Bitcoin ETF Approval. The crypto market experienced widespread volatility on Jan 9 after the U.S. Securities and Exchange Commission (SEC) announced false Bitcoin (BTC) ETF approval in a now-denounced post on X. Despite the raging controversy, Ethereum’s (ETH) price has maintained a steady uptrend, trading as high as $2,440 on Jan. 10.  Ethereum vs Bitcoin: Crypto derivatives traders are betting bigger on ETH Between Jan. 7 and Jan.…

The bitcoin chart is showing signs of resuming long-term trend back to $66K as ETF decision looms

boss

Here’s a breakdown of the bitcoin chart and what to watch for to confirm that the cryptocurrency is resuming its long-term trend back to all-time highs. If you haven’t heard, bitcoin was up substantially in 2023, and a full-fledged ETF may finally get approved by the SEC. Some experts claim that could be a clear sell-the-news event if/when it happens, while others believe it will prompt an even bigger rally. Either is possible, but right now it’s important to recognize that BTC’s price action has been working well over the last…