Tag: ETF

Bitcoin (BTC) Price Holds Above $46K Amid ETF Anticipation

Bitcoin held above $46,500 on Tuesday morning after briefly touching $47,000 as the ETF race ramps up. The cryptocurrency has gained around 5% over the past 24 hours. While most market analysts say the U.S. Securities and Exchange Commission will approve a spot bitcoin exchange-traded fund, some do not see this happening. Youwei Yang, the chief economist at BIT Mining, said in an email to CoinDesk that he thinks no spot bitcoin ETFs will be approved in the near future. Rather, Yang expects the SEC to delay approvals for at…

Can Bitcoin Spot ETF Verdict Push Bitcoin Price above $50000

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Bitcoin (BTC) price soared above $47,000 on Jan. 8 for the first time in 21 months amid Bitcoin ETF approval anticipation. Recent developments surrounding the U.S. Securities and Exchange Commission’s (SEC) looming verdict on Spot ETF filings have been pivotal to the BTC price upswing.  On Jan. 8, the SEC chairman, Gary Gensler, issued a post on X (previously Twitter) warning investors of the potential crypto investing pitfalls. Markets reacted positively, as bullish investors interpreted it as a prelude to an imminent Spot ETF approval verdict. Bitcoin (BTC) price rallied…

Fidelity’s spot Bitcoin ETF launches on DTCC debut, Ethereum whales bank on AI altcoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A spot Bitcoin ETF by Fidelity was recently listed on the DTCC website. This development might push Bitcoin prices further, generating a positive outlook for other cryptocurrencies. Meanwhile, an anonymous Ethereum whale is doubling down on InQubeta (QUBE). This project merges artificial intelligence (AI) and blockchain technologies.  This article explores why the Ethereum whale considered InQubeta as Fidelity’s spot ETF lists on DTCC. InQubeta presale success InQubeta is a platform that…

Bearish BTC Bets Lose $100M Ahead of Expected SEC Bitcoin ETF Approval

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Bitcoin [BTC] Decouples From Nasdaq Amid ETF Speculation

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The latest decoupling from the two can be explained by the fact that the crypto market, since October, has been squarely focused on expectations for a spot BTC ETF launch in the U.S. The Securities and Exchange Commission is likely to decide on nearly a dozen spot ETF applications by Jan. 10, potentially opening doors for widespread adoption of the asset class. Original

Bitwise poll on spot Bitcoin ETF shows doubt; investors consider Galaxy Fox presale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are awaiting the approval of spot Bitcoin ETFs in the U.S. However, a recent survey by Bitwise Asset Management shows that only 39% of financial advisers believe it will come through in 2024. As a result, investors are turning to Galaxy Fox (GFOX) to diversify their portfolios. Spot Bitcoin ETF poll According to a recent Bitwise poll, fewer than half of advisers expect a Bitcoin ETF to be…

SEC Hustles to Answer Latest Bitcoin ETF Filings: Source

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The issuers should file updated documents on Tuesday, the individual said. The comments addressed minor details in the amended S-1 forms rather than significant changes, and should not affect the timeline for a potential approval by the regulator. Issuers hoping to launch spot bitcoin ETFs in the U.S., including BlackRock, Grayscale and Fidelity, announced their expected fees in filings earlier Monday. Original