Wealth-management firms must adhere to various processes before they can add the ETFs to their list of approved allocations, said Snyder, whose Zug, Switzerland-based firm teamed up with Cathie Wood’s ARK Invest to propose an ETF that was among those winning approval from the Securities and Exchange Commission (SEC) on Wednesday. Original
JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF. Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares Bitcoin Trust. “The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying…
Investors today can already buy and sell or otherwise gain exposure to bitcoin at a number of brokerage houses, through mutual funds, on national securities exchanges, through peer-to peer payment apps, on non-compliant crypto trading platforms, and, of course, through the Grayscale Bitcoin Trust. Today’s action will include certain protections for investors: Source
The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading at the CBOE from 9 am on Jan. 11 when the U.S. stock market opens 11 issuers were mentioned in the SEC’s approval filing, issuing the green light to list…
YouTube analyst Crypto Banter predicts that Bitcoin is still on an uptrend despite a false SEC announcement and Gary Gensler’s clarification. The analyst reveals the market hates uncertainty, which has led to the choppy Bitcoin price. When considering what’s next, the analyst, joined by guest Jason Pizzino, shares in a Jan. 10 video that although the BTC market might see a correction, it doesn’t mean the market is going below $30,000 to $32,000 since the market has seen 22% corrections on its way up. Therefore, for the market to go…
The notice comes ahead of potential official approval on Wednesday from the U.S. Securities and Exchange Commission. Approval of bitcoin ETFs would broaden bitcoin access to more investors, who wouldn’t have to go to a crypto exchange, potentially providing an easier way to buy the world’s largest digital asset. Original
MOG Coin, an Ethereum-based coin, takes a spot on CoinGecko’s top trending report following double-digit gains in the last 24 hours. As another Ethereum-based coin, MOG joins the surging token list on pending ETF approval day. MOG tokens are actively traded on decentralized and centralized crypto exchanges, with Uniswap V2 Ethereum emerging as a popular platform for buying and trading Mog Coin. The MOG/WETH trading pair on Uniswap V2 has since recorded a substantial trading volume of over $1 million in the last 24 hours. Mog Coin price chart | Source:…
The crypto industry can breathe a sigh of relief: It looks like a federal U.S. regulator will let the world’s largest traditional finance asset managers and other firms list and trade shares of a vehicle giving retail and institutional investors exposure to the price of a decentralized, trustless, stateless digital asset (if you’re in the U.S.). But of course, the bitcoin exchange-traded fund (ETF) drama wouldn’t be complete without, well, drama. Source
GITHUB REJECTION! While crypto traders, tradfi investors, financial institutions and probably lots of normies and newbies were engaging in the gripping speculation over whether U.S. regulators would approve a spot bitcoin ETF, a struggle over the very soul of the Bitcoin blockchain was taking place on the open-source developer platform GitHub. At the core of the matter was whether data-oriented applications like Ordinals inscriptions – often referred to as “NFTs on Bitcoin” – should be allowed on a network that purists argue should be preserved primarily as a settlement layer…
Users reported seeing spot Bitcoin ETF symbols on trading platforms ahead of approval from the SEC. Fidelity’s retail trading app showed spot Bitcoin ETF tickers, including ARK 21Shares Bitcoin ETF (ARKB), although one user confirmed that trading was unavailable for now. Shortly after, Bloomberg notably listed 11 Bitcoin (BTC) ETFs on its terminal under the “pending listing” designation. The Chicago Board Options Exchange also filed a request for acceleration with the U.S. Securities and Exchange Commission (SEC) on behalf of Invesco Galaxy, essentially asking for permission to list and start…