Tag: ETF

Grayscale Files Amended ETF Application Following Silbert’s Resignation

The amended ETF application came after a series of meetings between Grayscale and the SEC in December. Leading asset manager Grayscale Investments has filed an amended S-3 application seeking to convert its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF. Bloomberg analyst James Seyffart confirmed the reapplication with the Securities and Exchange Commission (SEC) on Tuesday, just a few hours after the CEO of the firm’s parent company, Barry Silbert, resigned. Grayscale Finally Yields to SEC’s Pressure The amended application came after a series of meetings between Grayscale and…

BTC Price at $43K, ‘Smart Money’ Bets Big on Bitcoin Ahead of Potential BTC ETF Approval

The “smart money index”, which measures the net bullish bets by institutional players through Chicago Mercantile Exchange (CME) Bitcoin futures, has reached an all-time high of over 13,700 in recent days. Large investors have taken large long positions in the Bitcoin (BTC) futures market, indicating that institutional capital is flooding into the coin in anticipation of the SEC potentially approving a spot Bitcoin exchange-traded fund (ETF). Meanwhile, Bitcoin is trading today at around $43,000. According to data from MacroMicro, a leading derivatives analytics firm in Taiwan, the “smart money index”,…

Talk of spot ETF lifts XRP, whales tracking ETH, INJ, and ROE

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. There has been a lot of talk about the XRP Spot Exchange-Traded Fund (ETF). It’s catching the attention of not just regular traders but also big players on Wall Street.  Yassin Mobarak from Dizercapital added to the excitement, making people discuss XRP’s potential in institutional investments.  Ethereum (ETH), Injective Protocol (INJ), and Borroe Finance (ROE) are also gaining traction, especially among big investors.  XRP ETF potential There is real…

Cathie Wood hints at spot Bitcoin ETF approval date

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Cathie Wood thinks U.S. Securities and Exchange Commission (SEC) is likely to approve spot Bitcoin (BTC) ETFs in January, 2024. Ark Invest CEO Cathie Wood believes SEC will approve spot Bitcoin ETFs by Jan. 10, 2024. She believes that this date is the deadline not so much for applicants but directly for the regulator itself. “We don’t want the spot Bitcoin ETF to get the green light if there are any uncertainties the SEC may have. We answer the SEC’s queries individually, and the dialogues are very positive.” Cathie Wood,…

Grayscale updates spot Bitcoin ETF filing amid Silbert’s resignation

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Crypto asset manager Grayscale has updated its S-3 filing for a spot Bitcoin (BTC) ETF. According to Bloomberg analyst James Seyffart, Grayscale filed an updated filing with the U.S. Securities and Exchange Commission (SEC) the same day Barry Silbert — CEO of parent company Digital Currency Group — announced his resignation from Grayscale’s board of directors. “Even Grayscale is accepting the SEC’s Cash-only creation/redemption edict. Looks like they’re bending the knee.” James Seyffart, Bloomberg analyst Some crypto market commentators have speculated that Silbert’s departure could significantly increase the chances of Grayscale…

BitMEX founder has a dire warning about spot ETF approval

Arthur Hayes, co-founder of the BitMEX crypto exchange, is sounding the alarm regarding what he sees as possible dire outcomes of the pending regulatory approval of the spot Bitcoin exchange-traded fund (ETF). The concern lies in traditional finance asset managers, such as BlackRock, potentially undermining Bitcoin (BTC) by dominating the spot Bitcoin ETF market. In a blog post on Dec. 22, Hayes highlighted the risk of such firms holding “all the Bitcoin in circulation.” If that happens, he says, an over-successful ETF managed by traditional asset managers could ultimately lead…

With Bitcoin Spot ETF Approvals, Halving and Incoming Upgrades, What Should You Expect from BTC in 2024?

The timing aligns perfectly in 2024 for a spot ETF approval to have already attracted significant investment, and then the halving decreases Bitcoin’s supply right when demand shoots higher. After yet another banner year in 2023 with over 150% gains, all eyes are on Bitcoin (BTC) to see if the flagship cryptocurrency can sustain its epic run in 2024. Key factors stacking up in Bitcoin’s favor for the coming year have analysts extremely bullish on its prospects. From the possibility of the first Bitcoin spot ETF to the scheduled mining…

Hashdex Names BitGo as Bitcoin ETF Custodian as Applicants Continue SEC Meetings

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Bitcoin to see significant surge on ETF approval

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The crypto analyst predicts Bitcoin will surge soon based on the anticipated approval of spot Bitcoin ETFs in the U.S. on Jan. 10. In his YouTube video on Dec. 22, the analyst behind the popular CryptosRUs channel predicted that Bitcoin (BTC) and the overall crypto market will soon be poised for a significant surge. He based this on the widespread anticipation that the SEC will finally approve spot Bitcoin exchange-traded funds (ETFs) in the U.S., with Jan. 10 being the target date. The analyst cited a supposed closed-door meeting between…

SEC met multiple spot Bitcoin ETF applicants on Dec. 21

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Several potential issuers met with the SEC to discuss their spot Bitcoin ETFs, adding to hopes that harmonized approvals may be on the horizon.  The United States Securities and Exchange (SEC) held calls with spot Bitcoin ETF filers, including BlackRock, Valkyrie, ARK 21Shares, Franklin Templeton, Fidelity, VanEck, and Grayscale on Dec. 21 regarding their respective bids for investment vehicles that would hold crypto’s largest token. According to documents on the Commission’s website, issuers reportedly spoke with staff from the SEC’s divisions of corporation finance, trading, and market. Fox Business initially…