Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision. Original
Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket
Tag: ETF
Blackrock plans layoffs ahead of spot Bitcoin ETF approval
BlackRock, the world’s largest money management firm, is reportedly planning to announce layoffs of about 3% of its global workforce, totaling around 600 employees. This decision comes as BlackRock anticipates approval from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin exchange-traded fund (ETF). While the layoffs are described internally as routine, they come after a period of rapid growth in assets under management (AUM). The layoffs are expected to be announced in the coming days. BlackRock streamlines The impending reduction of approximately 600 positions mirrors BlackRock’s approach…
Bloomberg Analyst Cuts Probability of Bitcoin Spot ETF Rejection to 5%
Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility of the US Securities and Exchange Commission (SEC) denying the launch of the Bitcoin spot ETF to 5%. This latest forecast comes as crypto enthusiasts worldwide anticipate a wide-scale approval of various Bitcoin spot ETF proposals by the SEC on Wednesday, January 10. Why The Bitcoin Spot ETF Approval Appears Nearly Certain: Bloomberg Analysts Weigh In In October, Eric Balchunas and fellow Bloomberg analyst James Seyffart predicted that there is a 90% chance that ARK Invest and 21 shares would…
Analysts Caution Against Missing Out As BTC May Surge To $500k With ETF Launch
As the Bitcoin price has regained previously lost territory, following reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs), new developments have reignited hopes among investors. Although the approval of these index funds is not expected to occur on Friday, sources indicate that the upcoming week may bring positive news. ETF Approval To Drive Gradual Bitcoin Price Surge To $500,000 FOX journalist Eleanor Terret reports that amended 19b-4 filings and last-minute phone calls regarding comments on S-1s and possible launch…
Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges
This filing “is another important step towards uplisting GBTC as a spot bitcoin ETF,” Grayscale spokeswoman Jenn Rosenthal said in a statement, referring to the company’s bitcoin trust that it wants to turn into an ETF. “At Grayscale, we continue to work collaboratively with the SEC, and we remain ready to operate GBTC as an ETF upon receipt of regulatory approvals.” Original
How much can BTC surge post Bitcoin ETF approval?
As the crypto industry braces for the potential approval of Bitcoin ETFs, the financial community is abuzz with predictions and analyses. The impending decision by the SEC has ignited discussions, drawing a line between Bitcoin as a speculative investment and a legitimate payment method. The outcomes of this decision could be a defining moment for Bitcoin’s future. A short stretch beyond $50k Some analysts predict that Bitcoin’s bull run post-ETF approval will be significant, but it might not be as extravagant as new all-time highs, as predicted by others. Mister…
Arthur Hayes Sees 30% BTC Price Crash After Bitcoin ETF Saga
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VanEck to support Bitcoin developers using ETF profits
Investment firm VanEck commits 5% of potential profits from its proposed Bitcoin ETF to support Brink, increasing corporate support for open-source development. Investment firm VanEck has pledged to allocate 5% of potential profits from its proposed spot Bitcoin ETF to support Bitcoin core developers at Brink. In a statement, VanEck expressed gratitude and acknowledged the developers’ role as the cornerstone of the Bitcoin ecosystem. We’re not Bitcoin tourists at VanEck. We’re in it for the long haul. That’s why we made an initial $10k donation and signed a pledge to…
Brink to Receive 5% of VanEck Bitcoin (BTC) ETF Profits
While this is largely welcomed from the incumbent crypto community, there will also be friction in some quarters. Therefore providers like VanEck will be keen to demonstrate some commitment to the core Bitcoin industry by giving back to developers and others. Original
Why This Analyst Thinks It’s Impossible For The Bitcoin ETF To Be Priced In
On a high note, the crypto market starts in 2024, with BTC’s price rising steadily from $41,000 to around $46,000 as the Bitcoin ETF decision looms. The upcoming decisions by the U.S. Securities and Exchange Commission (SEC) on the BTC spot Exchange Traded Funds (ETFs) could lead to significant market fluctuations. These decisions, expected between January 5th and 10th, have kept Bitcoin (BTC) and Ethereum (ETH), along with altcoins, on a tightrope with high funding rates indicating a preference for leveraged trades. BTC’s price trends to the upside on the…