Tag: ETF

Ethereum up 9% after spot Bitcoin ETF approval

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Ethereum (ETH) is up 9%, outpacing Bitcoin despite the U.S. Securities and Exchange Commission (SEC) approving spot Bitcoin ETFs.  What’s next for Ethereum? Ethereum break past $2,600 With the SEC approving 11 spot Bitcoin ETFs, the market promptly shifted its focus to Ethereum. In November 2023, BlackRock and Fidelity filed applications for spot Ethereum ETFs. If history is an indication of the future, then these ETFs could very likely be passed. Senior ETF analyst at Bloomberg Eric Balchunas noted in June that BlackRock had previously applied for 576 ETFs and…

Bitcoin Price Targets A Whopping $600,000 After ETF Approval

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Bullish tremors shook the cryptocurrency world today as Bitcoin, fueled by the historic approval of spot ETFs and a bold prediction by analyst Michaël van de Poppe, appears poised for a potential moonshot. Van de Poppe, whose pronouncements carry weight in the digital realm, envisions an ascent of the world’s leading cryptocurrency to staggering heights – a price range of $300-$600K within the current cycle. Related Reading: Bitcoin ETF: Navigating The Promise And Pitfalls Of Mainstream Adoption ETF Excitement Sparks Bitcoin Trading Surge This electrifying forecast sent a ripple of…

Cathie Wood says bitcoin ETF approval makes her $1.5 million bull case more likely

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Ark Invest’s Cathie Wood said the approval of bitcoin exchange-traded funds in the U.S. made her more convinced that the world’s largest cryptocurrency could hit her wildly bullish target. For her bull case, the ARK Invest chief sees bitcoin hitting $1.5 million by 2030. Her base case is in the $600,000 range, she said. “We think the probability of the bull case has increased with this SEC approval. This is a green light,” Wood said on CNBC’s ” Squawk Box ” Thursday. “It is the first global decentralized digital rules…

Here’s what a bitcoin ETF actually means for investors

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Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of the U.S. The agency gave the green light on Wednesday to sponsors of 10 ETFs, including BlackRock, Invesco, Fidelity, Grayscale, and Ark Invest — paving the way for these funds to begin trading as soon as this week. The move was largely expected, even after a social media hacking snag. A false statement saying the regulator had approved a bitcoin ETF was published…

What will it cost you to buy a bitcoin ETF? Here are the cheapest and most expensive funds

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CFOTO | Future Publishing | Getty Images The bitcoin exchange-traded funds launching Thursday after the SEC’s long-awaited approval come at a wide variety of price points, with signs that a fee war is already underway. The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at 0.20%. Several other funds are close behind, including the Ark21Shares Bitcoin ETF (ARKB) at 0.21% and the iShares Bitcoin Trust (IBIT) at 0.25%. The Bitwise fund also has a temporary waiver that will eliminate the fee entirely for…

Grayscale’s Is the First ETF to Begin Trading

Spot bitcoin ETFs were finally approved in the U.S. after a decade of trying. The Securities and Exchange Commission gave the green light Wednesday to key filings from the markets seeking to list the groundbreaking products. They will begin trading today. Bitcoin’s price topped $47,500 following the decision and is now trading around $47,000. About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin ETFs. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC.…

Coinbase, Robinhood shares rise as bitcoin ETF approval adds credibility to cryptocurrency industry

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SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Shares of Coinbase and Robinhood popped Thursday as traders bet the approval of bitcoin exchange-traded funds…

SEC’s Gensler gives in to a bitcoin ETF, but the hostility is still there

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Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), during an interview in Washington, DC, US, on Thursday, July 27, 2023.  Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chair Gary Gensler’s statement on why the agency has approved the listing and trading of a group of spot bitcoin ETFs indicates that he is still hostile to the cryptocurrency in general. Gensler was faced with the difficult task of explaining why the SEC has reversed its position on bitcoin ETFs. He said that circumstances “have changed.”…

Ether ETF Next? Traders Bet ETH Is Next After Historic Bitcoin ETF Approval

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