Tag: ETF

Spot Bitcoin ETF Talks in Advanced Stage

The SEC has been asking prospective issuers to give well-detailed descriptions of their various spot Bitcoin ETF products. It appears that from here onwards,  there’s no going back on the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This follows after a recent Reuters report claimed that talks between the US Securities and Exchange Commission (SEC) and the asset manager applicants of the said ETFs have entered into a crucial stage. Anticipation Enters Top Gear for Spot Bitcoin ETF Approval Citing sources familiar with the matter, Reuters…

SEC’s discussion with Bitcoin ETF issuers has moved into a key stage

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The SEC is reportedly making significant progress in its discussions with several firms seeking to launch a spot Bitcoin ETF.  Reuters reported that discussions have moved into key technical details, and applicants believe it’s potentially leading to the historic approval of the first Spot Bitcoin ETF in the U.S. Currently, there are 13 applications for Bitcoin ETFs awaiting review by the SEC. These applications come from prominent asset management companies, including BlackRock, Fidelity, Grayscale Investments, and ARK Investments. Notably, in the past week, several of these firms have made crucial…

Bitcoin Halving and Spot ETF Hype Fuels Bulls but There Is Catch

Crypto experts during the Next Block Expo conference in Berlin unanimously agreed the crypto bear market is over but emphasized a cautious approach. Bitcoin (BTC) price has continued to showcase its stability as an investment product in the past few days. After reaching a new yearly high of around $44.5k, Bitcoin price has been ranging in a bullish pennant pattern, which could yield a fresh rally toward $48k before the end of the year. The flagship cryptocurrency has attracted significant attention from institutional investors seeking to diversify their portfolios and…

Google to Allow Crypto ETF Ads in January 2024

In Jabuary 2024, Google will updated its ad policy related to the advertsing of crypto assets, products, and services. Google is expected to update its policy regarding advertisements of cryptocurrencies and crypto-related products in January 2024. The updates will include clarifications of the requirements and scope of such ads. Starting on January 29, 2024, Cryptocurrency Coin Trusts (ETFs) can be advertised to users in the United  States in those cases when the offered services and products correspond to the rules set by Google. More detailed info to be added soon.…

Grayscale Investments CEO hints at optimistic scenario for spot Bitcoin ETF

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Grayscale Investments CEO Michael Sonnenshein believes that market participants’ negotiations with the U.S. Securities and Exchange Commission (SEC) about launching a spot Bitcoin (BTC) ETF in the United States are proceeding according to an optimistic scenario. The CEO shared this opinion with Yahoo Finance reporters and noted that SEC commissioners are working to clarify details on applications from market participants to launch a spot Bitcoin ETF. Such actions of the Commission, in his Sonnenshein’s opinion, indicate the regulator’s interest in resolving issues related to the possible launch of the instrument…

SEC postpones decision on Grayscale’s application for spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024. According to the document, Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues…

spot Bitcoin ETF seen as ultimate endorsement for institutional investors

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Cathie Wood believes the SEC’s decision on spot Bitcoin ETFs may significantly impact institutional crypto adoption. Wood views this imminent approval as a pivotal moment, suggesting that such approval could be the “final seal of approval” for institutions considering crypto investments. In collaboration with 21Shares, ARK Invest awaits a decision on their ARK 21Shares Bitcoin ETF (ARKB) proposal, with a ruling expected by Jan. 10. The SEC’s previous approval of Bitcoin futures ETFs in October 2021 was seen as a cautious yet progressive step despite concerns about counterparty risks compared…

Bitcoin’s return to ATH will be soon thanks to Bitcoin ETF

Senior analyst Vetle Lunde of K33 Research analyzes Bitcoin’s market trends ahead of the U.S. decision on the first spot Bitcoin ETF. Lunde’s report offers a detailed perspective on the crypto market and forecasts potential trends in the coming months. Lunde attributes the recent positive momentum in Bitcoin to the growing anticipation of the SEC’s decision, noting a significant rise since October, backed by strong institutional demand. He draws parallels with past events that have historically boosted Bitcoin’s value, such as the CME BTC futures launch in 2017, Coinbase’s IPO…

Former FTX US President Says Bitcoin Spot ETF Will Come In 2024, Gives Price Targets

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Former FTX US President Brett Harrison recently had an interview with Cointelegraph Magazine. As part of the discussion, Harrison gave his thoughts on when a Spot Bitcoin ETF will be approved and the possible price level the foremost crypto token could attain when this happens.  A Spot Bitcoin ETF Could Be Approved In Q1 of 2024 Harrison is said to have mentioned that there is a very “high probability” that the Securities and Exchange Commission (SEC) will approve a Spot BTC ETF in the first quarter of 2024. His prediction…