Tuesday’s bogus tweet from the SEC’s official X (formerly Twitter) account caused a rapid pump and then plummet in bitcoin’s price as traders tried to make sense of the apparent approval. By the looks of it, the powerful regulator had just greenlit every prospective BTC ETF application, delivering bitcoin speculators their long-awaited victory a full day ahead of schedule. Source
BTC first rallied 2.5% to a fresh 19-month high of $47,900 immediately following the official SEC account’s shared on X (formerly Twitter) about the bitcoin ETF approval, attracting massive attention with crypto observers prematurely celebrating the landmark decision. Source
The other 57% of the contracts are held by active market participants, the report follows, whose exposure increased by 128% – to around 75,000 BTC from 33,000 – over the past three months. Holding these positions open is very expensive at the current premium, K33 noted, forecasting that some investors will seek to realize profits after the bitcoin ETF approval. Source
Unknown hackers hijacked the X account of the United States Securities and Exchange Commission (SEC), posting a fake spot Bitcoin ETF approval message. On Jan. 9, the SEC chair Gary Gensler debunked an announcement claiming spot Bitcoin ETFs were approved. The SEC’s official X account published the notice. However, Gensler warned that the page had been compromised and clarified that no spot Bitcoin ETF had been approved yet. The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of…
As the US SEC prepares to make its final decision regarding Spot Bitcoin ETF approvals, the Depository Trust and Clearing Corporation (DTCC) has officially listed the Spot ETFs tickers from investment management firm, VanEck. VanEck’s Spot ETF Ticker Listed on DTCC American investment management firm VanEck’s Spot Bitcoin ETF has recently appeared on the active and pre-launch list of the DTCC. VanEck’s ETF can be identified by the ticker ‘HODL’ on the DTCC’s official platform. This move positions VanEck as a key player in the evolving landscape of Spot ETF…
The crypto community is buzzing about the US Securities and Exchange Commission (SEC) approving spot Bitcoin Exchange-Traded Funds (ETFs). This anticipation has permeated market discussions and significantly influenced social media metrics around Bitcoin. According to Santiment, a leading on-chain analytics platform, there has been a notable increase in Bitcoin’s social dominance in recent times, particularly in short-term periods. Bitcoin Social Dominance Surge And Market Response Santiment’s data reveals a spike in Bitcoin ETF-related conversations since mid-October, marking the highest level of social interest since the bullish rally. The top eight…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Bitcoin price has seen a notable increase over the past 24 hours, currently trading at $46.9K, up 7.29%. Meanwhile, Bitcoin Minetrix is also also seeing growth as its presale hits $8 million. ETF developments bolster Bitcoin Excitement around a potential spot Bitcoin ETF approval has pushed prices to the highest level since March 2022, with analysts forecasting further upside. The SEC recently issued additional comments on the Bitcoin…
Valkyrie, Invesco and Bitwise lowered their fees further just hours after all rivals finally revealed their fee plans. Original
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At least 17 updated filings related to spot Bitcoin ETFs have been submitted to the SEC in the last 24 hours, with experts reaffirming high approval odds. A handful of spot Bitcoin ETF issuers filed amended S-1 and S-3 forms with the United States Securities and Commission (SEC) following a flurry of feedback between both parties as firms tighten up readiness for expected approval. BlackRock, VanEck, Valkyrie, ARK 21Shares, Grayscale, and Invesco Galaxy had submitted updated filings at press time. Outstanding amendments are expected sometime during Jan. 9 ahead of…