Tag: ETF

Bitwise launches crypto ETF media campaign with ‘The Most Interesting Man in the World’

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Actor Jonathan Goldsmith, who appeared as “The Most Interesting Man in the World” in an advertising campaign for Dos Equis beer, is reviving his persona to promote Bitcoin (BTC) exchange-traded funds (ETFs) for Bitwise Asset Management. In a Dec. 18 post on X (Twitter), Bitwise released an ad spot with Goldsmith showing “The Most Interesting Man in the World” in an upscale bar, as he often did in the beer commercials. However, rather than saying his signature “Stay thirsty, my friends” over a Dos Equis bottle, the actor had a…

Bitwise Spot Bitcoin (BTC) ETF Ad Launches

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Bitwise is among numerous firms awaiting approval from the U.S. Securities and Exchange Commission (SEC) for launching a spot bitcoin ETF. Unlike larger players like BlackRock, Bitwise has been offering crypto ETF products for several years, a point the ad makes clear at the end, saying “ETFs backed by crypto specialists.” Original

Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

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While the crypto community eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some analysts are warning this could potentially trigger unwanted consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could start trading in early 2024, in an event that, when paired with Bitcoin’s upcoming block reward halving expected in April, Blockstream CEO Adam Back believes could propel BTC to $100,000. Bitcoin proponents such as Jan3 CEO Samson Mow have said that approval of a spot Bitcoin…

Advisors may drive bitcoin ETF flows amid widespread ‘disinterest’ in crypto, says Needham

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Registered investment advisors will probably be the main driver of bitcoin ETF flows should one be approved in the U.S., according to Needham, but a survey conducted by the firm shows retail clients are showing little to no interest in crypto investing. With market expectations that the U.S. could see its first ever spot bitcoin ETF approved in January, Needham sought to find out whether investors would prefer bitcoin exposure through an ETF, crypto- related equities or trusts, or buying the cryptocurrency outright on a trading platform like Coinbase or…

AI altcoin wins investors’ hearts as SEC’s Bitcoin ETF talks are in final stages

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SEC’s decision on Bitcoin ETFs looms as InQubeta’s AI cryptocurrency gains traction in the market. The crypto sector has been on tenterhooks over the prospects of spotting Bitcoin exchange-traded funds.  After multiple companies, including ARK Investments and BlackRock, showed interest in rolling out Bitcoin ETFs, the ball is now in the US Securities Exchange Commission’s (SEC) court.  All eyes are on the SEC after ARK claimed that its talks…

SEC meets with BlackRock for iShares Bitcoin ETF 

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In their latest meeting, SEC and BlackRock reportedly discussed the iShares Bitcoin ETF on Dec. 14, raising questions about in-kind transactions. Unlike previous meetings, James Seyffart, a Bloomberg Intelligence analyst, reports that there were no presentations. As part of a follow-up thread on X, Seyffart reminds the community that Hashdex, another firm in the spot Bitcoin ETF race, had also engaged with SEC’s Office of the Chair. After this, a community member asked Seyffart about the likelihood of SEC approval, given Chairman Gary Gensler’s comment on listening to the courts from yesterday. …

SEC officials meet again with spot Bitcoin ETF filers

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The United States Securities and Exchange Commission has held a new round of discussions with asset managers proposing a spot Bitcoin (BTC) exchange-traded fund (ETF) in the U.S., this time with officials from Gary Gensler’s office participating in the meetings. Based on court filings, the regulator received representatives from BlackRock on Dec. 14 to discuss the proposed rule change that would enable the crypto investment vehicle to be traded on major exchanges. According to Bloomberg ETF analyst Jayme Seyffart, this is the third meeting between BlackRock and the SEC to…

Bitcoin ETF approvals anticipated in January; Ethereum in unique position

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In a recent episode of The Scoop podcast, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas predict a high likelihood of the SEC approving a series of spot Bitcoin ETFs between Jan. 5-10. Seyffart and Balchunas’s prediction aligns with the final deadline for the ARK and 21Shares application, initially filed in April, preceding other major players like BlackRock in June in a competitive field of 12 firms. Seyffart speculates that the Securities and Exchange Commission (SEC) has been strategically delaying decisions, possibly to align multiple approvals simultaneously. This approach would…

Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow

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Bitcoin (BTC) will likely reach $1 million in the “days to weeks” following the approval of a spot BTC exchange-traded fund (ETF), according to Jan3 CEO Samson Mow.  “You’re hitting a very limited supply of Bitcoin on the exchanges and available for purchase with a torrent of money,” Mow said, referring to the inflow of institutional capital that is expected following a potential spot ETF approval.  “This is why you can go really high all at one time,” he added. Commenting on a similar $1 million-per-Bitcoin prediction by entrepreneur Balaji…

First Trust files for Bitcoin buffer ETF

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Financial services firm First Trust submitted the Bitcoin buffer filing ETF to the United States Securities and Exchange Commission on Dec. 14.  The filing, Form N1, outlines the firm’s intention to introduce a new Bitcoin-linked product named the First Trust Bitcoin Buffer ETF. Exposure to Bitcoin’s performance According to the filing, the newly proposed fund will mirror the positive price returns of the Grayscale Bitcoin Trust or another exchange-traded product (ETP), offering exposure to Bitcoin’s performance before factoring in fees and expenses. First Trust just filed for a #Bitcoin Buffer ETF.…