Tag: ETF

SEC postpones Hashdex’s spot Bitcoin ETF application

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The U.S. Securities and Exchange Commission (SEC) has delayed a decision on Hashdex’s application to launch a spot Bitcoin ETF in the U.S. The regulator’s website says that the SEC also postponed its decision on Grayscale’s application to launch a futures ETF on Ethereum (ETH). Through the application, Hashdex wants to transform its futures exchange-traded fund into a spot Bitcoin ETF. There is still no such tool in the US. Investors believe that its launch will attract institutional investors to the market. Therefore, applications for the tool have attracted the attention of…

Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst

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Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart. Seyffart said in a Nov. 15 X (Twitter) post following the SEC delaying Grayscale’s ETH futures ETF bid that he believes if the SEC approves Grayscale’s application, then it would enable Grayscale to argue for the approval of its spot Ether ETF application. If the SEC denies Grayscale’s bid, the asset manager could…

Bitcoin (BTC) Spot ETF Filing From Hashdex Delayed

The delays come amid heightened anticipation of a spot bitcoin ETF approval by the federal regulator, which has so far rejected every attempt to list such a product for the general investing public. Over a dozen companies have filed to launch spot bitcoin ETFs in 2023, with several others now applying for similar products exposed to ether, the second-largest cryptocurrency by market capitalization. Original Source BitcoinBTCDelayedETFFilingHashdexSpot CryptoX Portal

2 days before Bitcoin ETF approval window closes; this altcoin aims to capitalize on crypto’s optimism 

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All eyes are on the United States Securities and Exchange Commission (SEC) as the deadline for approving several spot Bitcoin exchange-traded fund (ETF) applications approaches. The SEC has until Nov. 17 to decide on these filings, and the crypto market is watching closely, as we have only two days left. Last week, BTC rallied to $37,000 as optimism grew around the potential for ETF approval. However, the price pulled back to $35,000 yesterday as impatience set in among traders.  According to Bloomberg’s senior ETF strategist James Seyffart, the SEC could…

K33 Research finds institutional Bitcoin investment surge amid pending ETF decisions

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A recent K33 Research report indicates a significant uptick in institutional investment in Bitcoin through exchange-traded products, coinciding with key deadlines for the SEC’s decision on Bitcoin spot ETFs, presenting a complex landscape of market optimism and caution. In a recent analysis, K33 Research highlights a significant surge in institutional interest in Bitcoin (BTC), particularly through exchange-traded products (ETPs). This trend, marked by an increase of 27,095 BTC, surpasses the growth seen in the months following BlackRock’s filing for a Bitcoin spot ETF. The report by K33 Research, led by…

Bloomberg analyst reveals realistic approval date for Bitcoin ETF

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Bloomberg analyst James Seyffarth believes the SEC will again delay the decision on spot Bitcoin (BTC) ETFs. Seyffarth believes Hashdex and Franklin, whose next deadline is Nov. 17, and the Global X ETF (Nov. 21) bids will be delayed. But Seyffart still believes there is a 90% chance that spot BTC ETFs will be approved before Jan. 10, 2024. Okay, we’re nearing in on deadline dates for 3 spot #Bitcoin ETF applications. I want to get ahead of it because there’s a pretty good chance we’ll see delay orders from…

XRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvals

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The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. The Securities and Exchange Commission has previously claimed the Bitcoin market can be manipulated and has knocked back spot Bitcoin ETFs, citing a lack of market manipulation controls. Bloomberg ETF analyst Eric Balchunas told Cointelegraph the fake XRP filing should have little to no impact on the…

BlackRock spotlights stablecoin risks in Bitcoin ETF filing

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In a recent filing for a spot Bitcoin ETF, BlackRock, the world’s largest asset manager, has highlighted the indirect risks posed by stablecoins, emphasizing the nuanced complexities of the crypto market. BlackRock, the world’s largest asset manager, has made headlines with its application for a spot Bitcoin Exchange-Traded Fund (ETF). The application, keenly awaited by the digital asset sector, includes a notable mention of stablecoins as a risk factor, an aspect that has drawn considerable attention. Stablecoins, digital currencies like Tether USD (USDT) and Circle USD (USDC), are designed to…

Bitcoin (BTC) Price Drops 4%, Ether (ETH) Price Declines 6% as Crypto ETF Momentum Stalls with SEC Likely Delay, Analyst Says

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“ETF speculation is front and center for now, but the store of value narrative still holds and will give the asset a resilient and increasing floor,” Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted in an email to CoinDesk. “I very much doubt that the recent sell-off means the rally is done for now.” Original

BlackRock’s XRP ETF Filing, Everything You Need To Know

Since Monday, discussions around the mysterious BlackRock XRP ETF filing that appeared in Delaware have dominated the crypto space. The news of the filing was initially debunked by Bloomberg’s Eric Balchunas, but recent developments have raised suspicions that the filing was actually made by BlackRock. BlackRock XRP ETF Could Be Filed By Anyone One interesting revelation that has come from the BlackRock XRP ETF debacle is the fact that pretty much anyone can make an ETF Trust. Pro-XRP attorney Jeremy Hogan revealed this on X (formerly Twitter), saying that anyone…