Tag: ETF

Fidelity cuts proposed spot Bitcoin ETF fee to 0.25% amid industry fee competition

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Fidelity discloses in a recent S-1 filing that is aims to lower the charge for its upcoming Bitcoin ETF to 0.25%. The development marks a significant decrease from the previously set fee of 0.39% announced on Dec. 29. Additionally, Fidelity intends to waive this fee for market participants until the end of July, as stated in the latest filing. U.S. companies vying to launch the initial spot Bitcoin ETFs are engaging in a competitive market by slashing fees ahead of anticipated approval from the Securities and Exchange Commission (SEC). Earlier…

What After Bitcoin ETF Approval? Ether (ETH) ETF Could Be Next

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin Supply in Profit Nears 90% as Price Anticipates SEC BTC ETF Approval

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However, CryptoQuant analysts warned in a recent report that high unrealized profits amongst bitcoin holders raise the risks of a sharp price decline. That’s even as rising demand for the Grayscale Bitcoin Trust (GBTC), which has applied for approval to convert to an ETF, narrowing discounts between the GBTC share price and its net asset value, and increasing trading volumes indicate strong anticipation for the spot ETF approval. Original

Traders Seek Protection From BTC Price Declines, Deribit’s CCO Says as ETF Deadline Looms

The cryptocurrency has rallied over 60% since early October, largely on expectations the U.S. Securities and Exchange Commission (SEC) will greenlight one or more spot ETFs in early 2024. “Buy the rumor, sell the fact,” an old Wall Street adage, represents the idea that traders tend to buy an asset in anticipation of positive news, eventually closing their positions once the news is confirmed. Source

SEC lawyers to investigate market manipulation amid fake news about Bitcoin ETF

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Lawyers for the U.S. Securities and Exchange Commission (SEC) are calling for an investigation into possible market manipulation. In a conversation with Fox Business, SEC lawyers said that the regulator will investigate itself for market manipulation after moving the price of Bitcoin (BTC) up and down on the basis of a fake post published on the SEC’s X account. The price jump occurred after a false message about approving a spot Bitcoin ETF on Jan. 9. “That said, for the SEC not to approve tomorrow would be unprecedented; it has…

Hacker Seized SEC Phone Number to Post Fake Bitcoin ETF Approval, X Says

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…