Tag: ETF

Grayscale Says GBTC Is the First Spot Bitcoin ETF To Begin Trading

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First ETF Trading Day Could Blast Bitcoin Price Past $50,000

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The crypto space witnessed a historic moment yesterday with the approval of 11 spot Bitcoin Exchange-Traded Funds (ETFs), a development that’s been eagerly anticipated since the Winklevoss twins filed for the first proposed Bitcoin ETF back on July 1, 2013. This pivotal event coincides with the 15th anniversary of Hal Finney’s tweet “Running Bitcoin,” marking a symbolic milestone in the digital currency’s journey. Despite the monumental approval by the US Securities and Exchange Commission (SEC), Bitcoin’s price reaction was muted, maintaining stability around the $46,000 mark. This suggests that the…

Bitcoin (BTC) ETF Approval Marks Conclusion of a Decade-Long Journey

“Bitcoin itself is not even a developed market, let alone to build an ETF on top of it,” said Reginald Browne, managing director at KCG Holdings, at the time. “There has to be some investment merit to bring an ETF to the marketplace, and without that, it is not going to be successful. Investors won’t expand it; market-makers can’t trade it.” Source

Spot Bitcoin ETF set for launch; Solana and Rebel Satoshi attract investors

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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. The crypto world is abuzz with anticipation as the Securities and Exchange Commission (SEC) gears up to make a significant ruling on 14 money managers’ applications to launch their spot Bitcoin exchange-traded funds (ETFs).  This potential green light could mark a watershed moment for Bitcoin, bringing it closer to becoming a staple in everyday investment portfolios. Wall Street titans and crypto pioneers unite Among the applicants are financial behemoths…

Bitwise to donate 10% of Bitcoin ETF profits to support open-source development

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Crypto index fund manager Bitwise pledges to allocate 10% of profits from the Bitwise Bitcoin ETF to support Bitcoin open-source development. In an X thread on Jan. 11, Bitwise says it will send the proceeds of its Bitcoin spot ETF to three crypto organizations: Brink, OpenSats, and Human Rights Foundation. Bitwise says that with the donations it wants to “express gratitude to the developers, researchers, builders, educators, investors, and the whole community striving to change the world for the better through Bitcoin.” Investment firm VanEck earlier also pledged to allocate…

What spot Bitcoin ETF means for XRP and other altcoins

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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. NuggetRush shines in ongoing presale Bitcoin ETFs could open the floodgates for crypto investment. NuggetRush (NUGX) is a new cryptocurrency that’s gaining attention in the market. However, excitement is palpable with spot Bitcoin ETF discussions dominating headlines and investors even expecting an XRP ETF down the line. NuggetRush The ongoing NuggetRush presale has sold over 142 million NUGX each at 0.015 USDT, raising over $1.6 million. NuggetRush deploys on Ethereum. It has…

Gary Gensler’s Begrudging Spot Bitcoin ETF Statement

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Commissioner Hester Peirce, a steady supporter of the crypto industry over the years, praised the decisions as “the end of an unnecessary, but consequential, saga.” She said that “the only material change since we last denied a similar application was a judicial rebuke,” referring to the SEC’s loss against Grayscale in the U.S. Court of Appeals for the District of Columbia. Original

ETF Euphoria Shows Bitcoin Needs Wall Street After All

What the ETF really brings is more credibility. In this case, Wall Street involvement is contingent on government approval. The SEC finally approving an ETF after years of rejections based on fears of “market manipulation” indicates a degree of acceptance, however begrudging, of this asset class by one of its fiercest critics, SEC chair Gary Gensler. In theory, crypto is also independent of governments, and so the SEC shouldn’t matter that much. In reality, crypto Twitter is basically obsessed with most everything Gensler says and does. Source