All applications to the U.S. Securities and Exchange Commission for spot bitcoin exchange-traded-funds (ETFs) may be approved together, predicts crypto ETF expert Stuart Barton, who, along with his company, pulled off two regulatory firsts recently. Source
Bitcoin (BTC) is in massive demand from institutional investors, but awaits a spot BTC exchange-traded fund (ETF) approval to trigger a buying rally, according to a blockchain executive at the professional services provider Ernst & Young (EY). EY’s global blockchain leader Paul Brody believes that Bitcoin is facing a lot of pent-up demand from institutions due to United States regulators not approving a spot Bitcoin ETF for years. Brody discussed the outlook for the cryptocurrency adoption on CNBC’s Crypto Decrypted on Oct. 23, declaring that trillions of dollars in institutional…
Hong Kong’s ambitions to become a virtual asset hub became apparent when it implemented a new regulatory regime in June, accepting applications for crypto trading platform licenses. It granted the first set of licenses in August, allowing exchanges to serve retail customers. That was a U-turn after 18 months of hostility toward crypto. Source
Coinbase chief legal officer Paul Grewal has expressed optimism that the U.S. Securities and Exchange Commission (SEC) will soon approve a Bitcoin exchange-traded fund (ETF). Grewal told CNBC that he is confident in the approval of a U.S. Bitcoin ETF from the SEC “in short order.” Grewal’s assertion comes after a big court decision that found the SEC had no grounds to deny asset management firm Grayscale its application to turn its GBTC Bitcoin (BTC)fund into an exchange-traded fund. Additionally, the regulator opted not to appeal the court’s ruling, sparking…
The price of Bitcoin (BTC) moved above $30,000 in the last few hours, according to data from CoinMarketCap. However, as with multiple instances in the past week, the crypto market leader was unable to sustain its bullish momentum, dipping by 0.6% in the last hour. As the BTC market continues its battle against the $30,000 resistance zone, Bitcoin critic and gold advocate Peter Schiff has weighed in on the ongoing discourse surrounding the potential effects of the approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin ETF Will Not Boost Institutional…
SkyBridge Capital founder Anthony Scaramucci believes that if Balckrock receives approval to launch a spot Bitcoin ETF, it could cause Bitcoin’s value to multiply as much as 11 times. The politically connected entrepreneur — who is also the founder and chairman of SALT, a global conference series that covers finance, economics, and geopolitics — argues that a BlackRock greenlight could cause a massive $100 billion in institutional investments. This would turn Bitcoin (BTC) into a $600 trillion asset. Speaking on the YouTube channel “Altcoin Daily” hosted by the Arnold brothers,…
In a recent CNBC report, Coinbase, the largest cryptocurrency exchange in the United States, expressed confidence in the approval of a US-based Bitcoin (BTC) exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). Paul Grewal, Coinbase’s Chief Legal Officer, highlighted that the SEC’s recent court setback in the case of Grayscale’s proposed Bitcoin ETF has paved the way for a potential approval in the coming months. Coinbase Eyes Bitcoin ETF Approval Grewal emphasized that Coinbase is hopeful about the approval of ETF applications due to their compliance with existing…
Many people across the globe are surfing the internet to understand the implications of the Bitcoin spot ETF approval and how they can maximize the benefits. The buzz around the potential introduction of Bitcoin (BTC) into the mainstream financial sector through exchange-traded funds (ETFs) has gained the interest of everyday investors. According to insights from Google Trends, there has been an increased surge in searches related to the “spot Bitcoin ETF” for a five-year window, with the global search volume projected to hit a peak of 100 this week. Similarly,…
To underscore the bullish sentiments, the performance of Bitcoin forks reflects the same optimism among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, has continued its steady ascent to the $30,000 mark. The digital currency climbed to $29,800 in the past 24 hours, extending its weekly gains to over 11%. Bitcoin hit a 2023 peak price of $31,809 on July 13. However, it has struggled to reclaim its $30,000 level since July 24. In August, it further depreciated to rest at $26,000. Price Surge Driven by Bitcoin ETF Sentiments…
All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether (ETH) crossed the $1,600 mark on Friday. XRP gained 7.2% after a key court decision favoring payments firm Ripple helped improve sentiment. Meanwhile, Solana’s SOL rose 12%, extending its weekly gains to over 25%. Original