Tag: ETF

BlackRock Bitcoin ETF Potential Approval Faces Questions, SEC Could Make Decision by January 10

In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian.  BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final touches to its plan for a Bitcoin exchange-traded fund (ETF). As part of the process, the company intends to use a third-party broker, which it regards as a “Prime Execution Agent” to handle BTC purchases…

Hashdex submits new S-1 for Bitcoin ETF attempting cash-only applications

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Hashdex has recently filed a new S-1 for their Bitcoin ETF to make DEFI a cash-only create and redeem application pioneer. Initially reported by James Seyffart, a Bloomberg Intelligence analyst, DEFI currently trades and aims to add spot Bitcoin exposure. Don’t see anything drastically new in here honestly. Still don’t see anything about who they will use as spot Bitcoin custodian which is what i’m most interested in seeing. — James Seyffart (@JSeyff) December 21, 2023 At the same time, Seyffart also notes that details on the spot Bitcoin custodian…

Bitcoin Price Can Retrace to $36,000 despite ETF Approval, Says QCP Capital

QCP Capital believes that the Bitcoin ETF approval could be a sell-the-news event thereby pushing the Bitcoin price under $40,000, before resuming the next uptrend. The Bitcoin (BTC) price has registered a strong rally gaining 15% so far in December and moving closer to $44,000, where it encounters strong resistance. At press time, Bitcoin is trading at $43,649 with a market cap of $854 billion. As the Bitcoin spot ETF launch approaches within the next three weeks, QCP Capital provides insights into the potential announcement timeline and market dynamics. The…

BlackRock Makes Push for Bitcoin ETF Approval Its Corporate Priority

A spot Bitcoin ETF approval would open doors for institutional and retail investors to access the world’s largest cryptocurrency with greater ease and at a lower cost compared to Bitcoin ETFs tied to the futures market. BlackRock Inc (NYSE: BLK), the world’s largest money manager with a whopping $9 trillion in assets under management, has made obtaining approval for its proposed Bitcoin (BTC) Exchange-Traded Fund (ETF) a strategic corporate priority. BlackRock Bitcoin ETF Push: Visibly Persistent Efforts According to a recent report, BlackRock’s CEO, Larry Fink, has been vocal about…

Bitcoin ETF to Push BTC Price Above $50,000, Says Matrixport Research

Many Bitcoin fans have ambitious predictions for 2024 and if the token is about to hit $50,000 in the first month of the year as Matrixport says, higher milestones might be in view. A Bitcoin ETF has been one of the most coveted milestones in the crypto industry for years. Some of the biggest companies in the space have applied for the ETF and all have been rejected thus far. But BlackRock seems to be in the final stages of its application and seems like a shoo-in for approval. This has…

Bitcoin to Hit $160K in 2024 after Halving, Spot ETF Approval, Fed Interest Rate Cuts: CryptoQuant

CryptoQuant says factors like the halving, ETF, approval, and rate cuts, could push Bitcoin to $160K next year. Analysts are bullish on the potential of Bitcoin (BTC) for next year, indicating several factors that could pump the price to $160,000. According to a blockchain analytics firm CryptoQuant report, Bitcoin may already be on its way to more than double its current all-time high (ATH). Multi-Factorial Push for Bitcoin, According to CryptoQuant CryptoQuant highlighted several indicators, including the upcoming Bitcoin halving in April, increased network activity as demand rises, and recorded…

Bitcoin Spot ETF Is Biggest Development on Wall Street in Last 30 Years, Michael Saylor Says

By removing barriers that have discouraged participation, Saylor predicts that Bitcoin spot ETFs will lead to a surge in demand as previously untapped capital flows into the limited cryptocurrency market. According to MicroStrategy Chairman Michael Saylor, the upcoming Wall Street launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) is a significant event. Saylor recently stated on Bloomberg that he believes these new funds could be the most significant development in the investment world in the last thirty years. Similarly to the introduction of S&P 500 index funds in the early…

Institutional Investors Increase Bitcoin Appetite Ahead Of Spot ETF, Report Shows

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A report by K33 research analysts has provided insight into how much institutional investors’ appetite for Bitcoin has increased ahead of a potential approval of a Spot BTC ETF. The research firm emphasized a particular indicator to drive home their point and provided further insight into what the future holds if these ETFs get approved. The Derivatives Market: An Indicator Of Institutional Interest  In Bitcoin In the report written by K33’s Senior Analyst Vetle Lunde and Head of Research Anders Helseth, they noted that the derivatives market was important as…