Tag: ETF

Bitcoin Reclaims $43,000 On Rumor Of ETF Approval Tomorrow

boss

In a strong turnaround from yesterday’s flash crash, the Bitcoin (BTC) price has staged a recovery, breaching the $43,000 mark. This surge comes after yesterday’s intense volatility, where the cryptocurrency giant witnessed an over 11% flash crash following a controversial report from Matrixport. The report suggested a potential rejection by the US Securities and Exchange Commission (SEC) of the much-anticipated spot Exchange Traded Funds (ETFs), triggering the second-largest liquidation of long positions in the past year. Bitcoin’s price plummeted to as low as $41,500. However, Bitcoin is today stabilizing above…

Will a Bitcoin ETF Be Approved in the U.S.? Some 83% Say ‘Yes’

“This market will resolve to ‘Yes’ if any spot Bitcoin ETF receives approval from the SEC by January 15, 2024, 11:59:59 PM ET. Otherwise, this market will resolve to ‘No,’” conditions of the bet say. “The primary resolution source for this market will be information from the SEC, however, a consensus of credible reporting may also be used.” Source

Bitcoin At A Crossroads? Economist’s Doom Prediction Clashes With Spot ETF Approval Hopes

boss

As the world of crypto braces for a potential regulatory nod from the US Securities and Exchange Commission (SEC) in favor of a Bitcoin spot exchange-traded fund (ETF), Peter Schiff, a notable crypto critic, has voiced a dissenting opinion. Schiff projected a grim future for Bitcoin, especially in the event of a spot ETF approval. His comments come at a time when the crypto community is abuzz with expectations of a boost in institutional investor interest in Bitcoin. Economist Spells Gloom For Bitcoin In a recent post on X, Schiff…

Fidelity files registration of securities for its Bitcoin ETF with the SEC

boss

Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF.  With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates a move to make the fund a publicly traded security, a milestone for Fidelity and the broader acceptance of digital assets in traditional investment portfolios. Fidelity’s Form 8-A filing | SEC The filing comes at a turbulent time, as the crypto market lost over…

Approval of Bitcoin ETF could boost investment from non-crypto users

boss

A recent Security.org report indicates a 10% year-over-year increase in U.S. cryptocurrency ownership, with 46% optimistic about the potential positive impact of Bitcoin ETF approvals in 2024. Based on a survey of 1,500 Americans, 40% currently own cryptocurrency, and of those not yet involved in crypto, 15% expressed an intention to make a purchase in the coming year. Additionally, 21% revealed they would be more inclined to invest if a spot Bitcoin ETF is approved. Security.org survey results Respondents expressed optimism regarding the impact of Bitcoin ETF approvals in 2024,…

Forget The SEC And Bitcoin ETF Approval Drama, Here’s Why Bitcoin Flash Crashed

boss

The recent flash crash of Bitcoin from over $45,500 to as low as $41,100 has sent shockwaves throughout the crypto community, sparking debate over the underlying causes. While some have attributed the crash to unconfirmed rumors that the US Securities and Exchange Commission (SEC) might, after all, not approve Bitcoin ETFs in January, The Wolf Of All Streets on X suggests a different explanation. Blame The High Funding Rate For The BTC Crash The analyst points to the ultra-high positive funding rate on perpetual futures contracts as the primary culprit. In…

Imminent Approval of U.S. Bitcoin ETF Boosts Crypto Market Optimism

The SEC has requested that issuers have their authorized participant agreement – describing who will play the key role of creating and redeeming ETF shares – available in the coming days. Authorized participants are a central part of the ETF business, but this job will be a particularly tough one, with bitcoin ETF APs needing basic knowledge of digital assets and the ability to provide safekeeping and custody, conduct due diligence for anti-money-laundering and know-your-customer purposes, ensure compliance with sanctions regulations, deal and place crypto asset orders on behalf of…

Spot Bitcoin ETF approval unlikely until 2nd week of January

boss

Options trading analysts pointed to Jan. 10 and beyond as the timeline for an SEC decision on spot Bitcoin ETFs amid bearish speculation that all applications may be rejected. Greekslive noted that a U.S. Securities and Exchange Commission (SEC) stand on spot Bitcoin (BTC) ETFs was unlikely to arrive before Jan. 7, citing stock price actions from crypto mining operations and digital asset-related companies in America.  Current month puts are now cheaper, and block trades are starting to see active put buying, with options market data suggesting that institutional investors…

Bitcoin Crashes To $41,500 As ETF Approval Hangs In Balance

boss

As the January 10 deadline for the US Securities and Exchange Commission (SEC) to decide on a series of spot Bitcoin Exchange-Traded Funds (ETFs) approaches, the market is rife with speculation. Initially, there was a strong consensus for approval, but recent expert analyses suggest a possible change in course. Meanwhile, the Bitcoin price has crashed by 6.5% in 20 minutes, dropping from $44,400 to $41,500. 1. Bloomberg’s Insight: A Matter of Timing, Not Denial Bloomberg’s ETF expert, Eric Balchunas, assessed a mere 10% chance of the ETFs not being approved,…