Some analysts said the amendments show the U.S. Securities and Exchange Commission (SEC) is holding active discussions with related parties. Original
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Tag: ETF
Spot Bitcoin (BTC) ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
CryptoQuant says that if the issuers that have applied to list bitcoin ETFs put 1% of their Assets Under Management (AUM) to these ETFs, approximately $155 billion could enter the bitcoin market. This represents almost a third of bitcoin’s current market capitalization. Should this scenario take place, it would hypothetically push bitcoin’s price to between $50,000 and $73,000. Original
GBTC Discount Continues to Narrow as Investors Await ETF Conversion Decision
The fund’s shares have traded at a discount to NAV since December 2021. Source
BlackRock Reacts To False Bitcoin Spot ETF Approval News In A Positive Way
Investment management firm Blackrock has reacted to rumors about the approval of its Bitcoin Spot ETF application by the United States Securities and Exchange Commission (SEC) which caused quite a stir among the cryptocurrency community. Blackrock CEO Responds To Claims On Bitcoin Spot ETF On Monday, crypto news outlet CoinTelegraph posted on X (formerly Twitter) that the US Security and Exchange Commission (SEC) had approved a long-anticipated application of Bitcoin Spot ETF, but later retracted the report. However, the post sparked excitement within the crypto community causing the Bitcoin price…
Bitcoin (BTC) Prices Hover Over $28K as Bulls Remain Unfazed by ETF Rumor-Driven Market Whirlwind
“Relative to other assets, the risk vs. reward (or upside vs. downside) of crypto looks much better relative to other asset classes,” said Solo Cessay, co-founder of social app Calaxy, in a note to CoinDesk. “Crypto looks like it has the best upside vs. downside potential, given the current asset prices. Real estate, the S&P 500 – everything is still trading near all-time highs.” Original
Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news
Fake news on Bitcoin ETF, initially posted by Cointelegraph, forced a whale to buy an astounding amount of Bitcoin Futures. A whale made a Bitcoin (BTC) futures purchase of $5.7 billion following the false report suggesting that BlackRock, the world’s largest asset manager, had obtained approval for a BTC spot exchange-traded fund (ETF). Ki Young Ju, co-founder and CEO of market resource CryptoQuant, highlighted this development on X. Bitcoin’s pump on the back of the false ETF report had catalyzed a high trading activity and short liquidations. Ju confirmed that…
Crypto market sees massive ‘pump and dump’ amid fake Bitcoin ETF news
The cryptocurrency ecosystem witnessed “pump and dump” after false news around the BlackRock Bitcoin (BTC) spot exchange-traded fund (ETF) emerged on Oct. 16. According to CoinMarketCap (CMC), the global crypto market capitalization reached a two-week high of $1.12 trillion just a few minutes after Cointelegraph shared the fake news of the iShares BTC ETF approval. Crypto market cap briefly touching $1.12b | Source: CoinMarketCap The 24-hour trading volume of the digital currency market also reached a local top of around $63 billion. However, after BlackRock officially denied the approval of…
Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations
While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had since stabilized around $28.2k on Tuesday, but notable damage had already been done to leverage traders. According to market aggregate data provided by Coinglass, more than $111 million was liquidated from the Bitcoin market in the past 24 hours.…
Bitcoin’s (BTC) Price Liquidity on Binance Crashed Amid BlackRock ETF Rumor, Data Show
The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock’s (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction to the rumor, only to give up gains after BlackRock denied the report. Original
Bitcoin Hovers Above $28K After ETF Reports Prove False
In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum’s gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has increased its dominance – its share of the overall market capitalization of cryptocurrencies – while notching gains relative to ether. Original