Tag: ETF

Analyst says Bitcoin ETF approval may be coming within days

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According to popular cryptocurrency Youtuber CryptosRUs, the approval for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the U.S. could be coming within days. In a video posted on Oct. 31, CryptosRUs pointed to a closed SEC meeting scheduled for Nov. 2nd that will cover topics like “resolution of litigation claims” as a sign that a Bitcoin ETF decision is imminent. This comes after SEC Chairman Gary Gensler posted a cryptic Bitcoin-related tweet on Oct. 31st, the 15th anniversary of the release of Satoshi Nakamoto’s famous Bitcoin whitepaper. Many…

Trading Giants Like Jane Street Might Support Blackrock’s BTC ETF

Etherfuse, a platform attempting to improve decentralized blockchain infrastructure, unveiled “Stablebond” at Solana’s breakpoint conference in Amsterdam, a tokenized bond offering, to retail investors in Mexico. The firm is targeting Mexico because it is the second-largest bond market in Latin America, after Brazil, according to the company’s research. The market is also one of the most liquid in Latin America, with $623 billion in outstanding debt and an average daily trading volume of $200 million, the research added. The majority of trading volume in Mexico comes from institutions, governments and…

Invesco and Galaxy’s spot Bitcoin ETF listed on DTCC site

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The BTCO ticker for Invesco and Galaxy’s Bitcoin (BTC) ETF is now listed on the DTCC website, signaling progress in the application process for both firms. The ticker BTCO, representing the spot Bitcoin exchange-traded fund (ETF) by Invesco and Galaxy, has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. It marks a significant milestone in the application process for the two asset management firms. Invesco Galaxy Bitcoin ETF appears on DTCC website | Source: DTCC The listing was added within the last six days, as archival data from…

Galaxy Digital and Invesco Bitcoin Spot ETF Join BlackRock On The DTCC

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In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website.  BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website, joining BlackRock’s spot Bitcoin ETF, which goes under the ticker ‘IBTC’ as uncertainty around a possible approval of these funds continues to heighten.  Source: DTCC website Many had speculated an approval was imminent when BlackRock’s…

Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s site

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The ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website.  Invesco’s Galaxy spot Bitcoin ETF product is listed on the DTCC’s site. Source: DTCC According to web archiver WayBack Machine, no listing under the ticker BTCO was present on Oct. 25 — meaning that the ETF has been added to the list sometime in the last six days.  It is important to note that a ticker being added to the list of “ETF Products”…

Bitcoin (BTC) Price Saw 27% October Surge as Traders ‘Panic Bought’ Amid Spot Bitcoin ETF Enthusiasm. Is $40,000 Next for BTC?

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ETFs would be a big deal for bitcoin because they’re far easier for the average investor to buy than the cryptocurrency itself or existing bitcoin investment products, like the Grayscale Bitcoin Trust (GBTC) with $21 billion assets under management. The U.S. Securities and Exchange Commission rejected GBTC’s conversion into one, but courts have eviscerated that decision, boosting the odds the SEC will have to approve that shift – and likely also bless ETF applications from the likes of BlackRock, the world’s largest asset manager. Original

Valkyrie Amends Prospectus for Spot Bitcoin ETF Application

As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings. Asset manager Valkyrie has recently made waves due to its decision to amend its prospectus for a spot Bitcoin (BTC) ETF filed with the US Securities and Exchange Commission (SEC). The Valkyrie Bitcoin ETF Update James Seyffart, a renowned analyst at Bloomberg, shared this development on social media platform X, shedding light on Valkyrie’s efforts to meet the SEC’s requirements for its Bitcoin ETF. Valkyrie’s updated form S-1 registration statement is designed…