Tag: ETF

Bitcoin ETF Applications Are Bitcoin’s Best Marketing Strategy

Nowadays, with finance heavyweights such as Larry Fink talking up Bitcoin on the world stage, the masses are finally tuning in. Shortly after BlackRock filed its Bitcoin ETF application, the CEO had this to say: “Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country, or the devaluation of your currency whatever country you’re in — let’s be clear, bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people…

Bloomberg Analysts Raises Approval Chances Of Spot Bitcoin ETF To 75%

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Bloomberg senior analysts Eric Balchunas and James Seyffart have raised their approval odds of the first Bitcoin spot exchange-traded fund (ETF) in the United States (US) to 75%.  This development comes after the US District of Columbia Circuit ruled against the US Securities and Exchange Commission (SEC), stamping out the regulator’s denial of Grayscale’s conversion of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. Court “Unanimity And Decisiveness” Unexpected, SEC Now In Tight Spot, Analysts Say According to his X post on August 30, Eric Balchunas explains that the…

Odds of Spot Bitcoin ETF Approval Improve by 75% after Grayscale’s Victory

The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason. Bloomberg ETF analysts James Seyffart and Eric Balchunas have recently updated their estimates of the odds of the spot Bitcoin ETF coming to the US markets. Following Grayscale’s victory over the US SEC, the two analysts expect a 75% probability of approving the spot Bitcoin ETF by the end of this year. And by the end of next…

Bitcoin To $185,000 if Spot ETF Is Approved: Expert

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If the United States Securities and Exchange Commission (SEC) ends up approving a spot Bitcoin exchange-traded fund (ETF) anytime in the coming days or weeks, one expert is confident BTC prices will explode more than 6x to $185,000. As of August 30, BTC is changing hands below $30,000 but remains firm. Bitcoin To $185,000? In a recent CNBC interview, Tom Lee, who regularly comments on Bitcoin prices, said a spot ETF will mop up all daily supply of the world’s most valuable cryptocurrency, creating an “imbalance” that will inevitably drive prices…

Grayscale’s Bitcoin ETF optimism bolsters crypto market sentiment

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale’s legal victory against the Securities and Exchange Commission (SEC) renews optimism for a US Bitcoin exchange-traded fund (ETF), boosting trading, investor sentiment, and overall financial markets. The crypto and wider crypto-related stock markets are relatively firm hours after Grayscale’s win against the Securities and Exchange Commission (SEC) at the District Court of Colombia. On Aug. 29, a trio of federal judges in Washington, effectively overturned the SEC’s decision to block Grayscale’s sport Bitcoin ETF rollout.…

chance of SEC approving spot Bitcoin ETF in 2024 is at 95%

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bloomberg’s top exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, now see a higher likelihood of the United States Securities and Exchange Commission (SEC) approving a Bitcoin spot ETF In an Aug. 30 tweet, they revealed that the approval chances have risen to 75% in 2023, up from 65%. They also noted a 95% likelihood for the SEC to approve the derivative product in 2024. Timelines will not matter much After the SEC’s loss, the ETF…

Grayscale’s SEC Victory Does Not Ensure Bitcoin Spot ETF Approval

“Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” said Matteo Greco, research analyst at Fineqia International (CSE:FNQ), in a note to CryptoX Wednesday. “It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future.” Source ApprovalBitcoinEnsureETFGrayscalesSECSpotVictory CryptoX Portal

Grayscale ETF Court Rout Puts SEC in Will-They, Won’t-They Role Starring Gensler

The U.S. securities regulator, led by Chair Gary Gensler, now faces several options: appeal the decision; grant Grayscale’s application to list its bitcoin spot ETF; let it be automatically approved by doing nothing; or start up a new, second effort to reject the application based on fresh objections. Much of the industry celebrated Tuesday, assuming this is the beginning of the end of this particular SEC roadblock for crypto, and bitcoin’s 6.5% price climb offered evidence of that optimism. But Gensler has been famously skeptical of crypto and the dangers…

A spot bitcoin ETF is much closer to reality, we’re not there yet

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The US Court of Appeals for the Federal Circuit in Washington, D.C., US, on Wednesday, Aug. 9, 2022. Al Drago | Bloomberg | Getty Images Well, now the SEC is in a real pickle.  The U.S. Court of Appeals for the D.C. Circuit sided with Grayscale in a lawsuit against the SEC, greatly improving the chances that a bitcoin exchange traded fund will be approved. The SEC had earlier denied Grayscale’s application to convert its Grayscale Bitcoin Trust to an ETF.  The problem for the SEC is that the court…