Tag: ETF

Bitcoin halving, BTC ETF hype driving price up into 2024 — NBX Berlin

The potential approval of Bitcoin exchange-traded funds (ETFs), the looming BTC mining reward halving and major regulatory and enforcement actions are having a profound psychological effect on market prices.  This is a major takeaway from the Next Block Expo conference in Berlin in early December, just as Bitcoin tipped past $42,000 for the first time in over a year. Animoca Brands CEO Robby Yung, gumi Cryptos Capital managing partner Miko Matsumura, Binance regional manager Jonas Jünger and Polkastarter business development lead João Leite weighed in on whether the current cryptocurrency…

BlackRock May Move $200M from Private Bitcoin Trust to Its Spot ETF upon Approval

Rumors suggest that BlackRock plans to give itself a head start by moving funds from its private Bitcoin trust to its ETF. Giant asset manager BlackRock Inc (NYSE: BLK) may have set plans in motion that will put the company well ahead of its competition if the United States Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF. BlackRock, likely to receive approval according to market observers, may have started the ETF race well in advance. According to Bloomberg ETF analyst Eric Balchunas, there are rumors that BlackRock could…

SEC Delays Decision on Grayscale Spot Ethereum ETF, ETH Price Remains Stable

The US SEC has delayed its decision on converting Grayscale’s ETHE product to a spot Ethereum ETF by another 45 days with the next hearing on January 25, 2024. The Securities and Exchange Commission (SEC) has announced a postponement in the decision-making process regarding the approval or disapproval of the Grayscale Ethereum Trust’s spot exchange-traded fund (ETF). In a filing on Tuesday, December 5, the SEC revealed an extension of the timeline for a decision on the proposed ETF by an additional 45 days, shifting the deadline to January 25.…

Bloomberg Experts Forecast Timeline For Ethereum ETF Approval

boss

The journey towards the approval of an Ethereum ETF in the United States has seen a new development yesterday as the US Securities and Exchange Commission (SEC) has announced a delay in the decision for Grayscale’s Ethereum trust conversion into a spot Exchange Traded Fund (ETF). The SEC has stated the need for an extended period to evaluate the proposed rule change, pushing the new deadline Grayscale to January 25, 2024. In its reasoning, the SEC has reiterated, “The commission finds it appropriate to designate a longer period within which…

Bitcoin ETF Approval Probability Surges Beyond 99% As BTC Hits Fresh Yearly High

boss

In the countdown to the deadline for the long-awaited Bitcoin ETF applications by major asset managers worldwide, predictions regarding the rate of approval have significantly improved.  Inside sources from the US Securities and Exchange Commission (SEC) indicate that Bloomberg’s initial 90% chance prediction of approval has now surged beyond 99%.  This development has heightened the excitement surrounding this investment vehicle, which has the potential to bring substantial inflows of capital into the Bitcoin market and further amplify its year-to-date gains of over 153%. Market Sentiment Soars As Bitcoin ETF Approval…

BlackRock investor scooped $100k in seed shares for spot BTC ETF

An unknown investor paid $100,000 in seed capital for shares in BlackRock’s spot Bitcoin ETF, which was filed in June 2023 and preceded a wave of applications with the SEC. This seed capital investor initiated the purchase on Oct. 27 and took delivery of 4,000 shares on the same day. Seed capital is the initial funding required to finance creation units underpinning an ETF.  BlackRock offered each seed share at $25, the $10 trillion asset management heavyweight disclosed in a  Dec. 4 amendment to its S-1 filing with the U.S.…

SEC pushes deadline to decide on Grayscale spot Ethereum ETF

boss

The United States Securities and Exchange Commission has delayed its decision on whether to approve or disapprove of a spot Ether (ETH) exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow NYSE Arca to list and trade shares of the Grayscale Ethereum Trust. The commission’s announcement was one of the first following an appellate court ordering the SEC to review Grayscale’s Bitcoin…

BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF

boss

BlackRock’s updated filing included several changes, ranging from themes like security, risks, disclosures, to the structure of the Trust. In total, 21 notable amendments were made in the asset management giant’s latest update, CryptoSlate noted. Others include potential regulatory impacts on the ETF and how to navigate the regulatory landscape in other jurisdictions such as the UK and the EU. Original

Pando joins U.S. spot Bitcoin ETF race with newest filing

boss

In a Dec. 5 post from Bloomberg Intelligence analyst James Seyffart, Swiss asset manager Pando was announced as an official entrant into the competition for a US spot Bitcoin ETF, filing a 19b-4 through the Chicago Board Options Exchange (CBOE). According to Seyffart, the new filling brings the number of potential issuers to 13. Better late than never The announcement, via X, highlights that Pando has entered the U.S. spot Bitcoin competition as a recent participant despite having established a presence with three other spot crypto exchange-traded products (ETPs) on…

BlackRock and Bitwise Update Spot Bitcoin ETF Applications with SEC

Market analysts interpret these recent filings as indications of the ongoing collaborative efforts between the SEC and major issuers to navigate the regulatory landscape. In a recent development, asset managers BlackRock Inc (NYSE: BLK) and Bitwise have submitted amended filings to the US Securities and Exchange Commission (SEC) for their proposed spot Bitcoin (BTC) Exchange-Traded Funds (ETFs). BlackRock Inc’s Bitcoin ETF Strategic Moves The revised documents, now accessible on the SEC website, point to ongoing discussions between the SEC and major market players regarding the approval of a spot Bitcoin…