Tag: ETF

Spot Bitcoin ETF approval unlikely until 2nd week of January

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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

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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,…

SEC to Reject Spot Bitcoin (BTC) ETF Proposals in January

“An ETF would certainly enable crypto overall to take off, and based on Gensler’s comments in December 2023, he still sees this industry in need of more stringent compliance,” Matrixport continued. “From a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize Bitcoin as an alternative store of value.” Source CryptoX Portal

Is A Bitcoin Spot ETF Approval A Sell The News Event? Experts Respond

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All attention of crypto investors has turned toward January 10 when the first Spot Bitcoin ETF is expected to be approved. As usual, the excitement triggered by this has seen prices recover across the space, with no doubt about the bull sentiment leading up to the event. However, arguments have arisen about whether this bullish sentiment would continue if a Spot ETF is eventually approved or if it will end up being a “sell the news” event. What Is A Sell The News Event? The phrase “sell the news” is…

Bitcoin ETF will attract pension funds and RIAs, says CBOE digital chief

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John Palmer, the president of crypto clearing house CBOE Digital, anticipates a significant influx of institutional investment into Bitcoin as soon as the SEC greenlights the first-ever spot ETF.  In a Bloomberg TV interview, Palmer highlighted that such approval would open doors for pension funds and funds based on registered investment advisers (RIAs) to engage in Bitcoin assets through a spot ETF, a move currently restricted with standard Bitcoin tokens. This development comes as Bitcoin’s value surged past $45,000 for the first time in almost two years, just ahead of…

Bitcoin At $45,000 Is Mispriced, Will Race For ETF Fees Push Prices To Record Highs?

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Most analysts are optimistic that the impending launch of spot Bitcoin exchange-traded funds (ETFs) in the U.S. could propel the coin to new heights, way above the $69,000 mark registered in November 2021. Andrew Kang, co-founder of Mechanism Capital, believes that Bitcoin at $45,000 is still grossly undervalued. This is given the anticipated influx of institutional investment from ETFs, and the effort issuers will put into marketing their products as they aim to accrue billions in fees in the months ahead. Learning From Gold And Quest For Fees Kang points to…

Polymarket investors confident of spot Bitcoin ETF nod by Jan. 15

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Traders taking bets on the platform predict a 90% chance the SEC will approve spot Bitcoin ETFs by mid-January, while the minority is hedging against the converse outcome. Shares of a “Bitcoin ETF approved by Jan 15” contract on Polymarket, a decentralized prediction venue, traded for 90 cents as speculation for a forthcoming decision from the U.S. Securities and Exchange Commission (SEC) dominated market sentiment.  At press time, the contract had attracted $441,315 worth of “YES” bets, with just 10% of traders choosing “NO”. These investors also admitted their opposing…

Bitcoin Price Starts 2024 With A Bang, Is ETF Approval Imminent?

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Bitcoin price is up over 5% and it cleared the $45,000 resistance. BTC is showing positive signs on rumors of spot ETF approval by the EOD. Bitcoin is gaining pace above the $44,000 and $44,400 resistance levels. The price is trading above $45,000 and the 100 hourly Simple moving average. There was a break above a key ascending channel with resistance near $43,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is up over 5% after several rumors of BTC spot ETF approval by…

spot Bitcoin ETF launch will not impact BTC price

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VanEck advisor Gabor Gurbacs does not expect the launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) to impact Bitcoin price much. In a post to X, financial guru Gabor Gurbacs noted that while the launch of a spot Bitcoin ETF will not greatly impact the price of BTC, it will significantly impact capital flows into the cryptocurrency sector. Bitcoin ETFs are widely expected to bring in trillions of dollars over the long term, but Gurbacs believes they will not move the needle that much in the short-term. In my view,…