I, for one, don’t think that BlackRock would apply for this spot bitcoin ETF if it didn’t think that it, arguably the most powerful company on Wall Street, could get it approved. If I had my tinfoil hat on, then maybe there is a secret plot to make bitcoin look completely unappetizing to the world since even BlackRock couldn’t get a spot ETF through. I don’t think this is the case. Original
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Invesco, an investment management organization overseeing assets worth $1.49 trillion, recently filed a new application for a spot bitcoin exchange-traded fund (ETF). The move follows Invesco’s initial joint application with Galaxy Digital in 2021. The latest filing highlights Invesco’s strong belief in the pressing necessity for a spot bitcoin ETF, emphasizing that the absence of such a product exposes investors to riskier alternatives. The company cited instances of platform companies facing bankruptcy, including FTX, Celsius Network,…
A Bitcoin ATM, the largest cryptocurrency by market cap that operates free of any central control and that relies on a peer-to-peer software and cryptography, on the BitBase stand during the Mobile World Congress 2023 on March 10, 2023, in Barcelona, Spain. Joan Cros | Nurphoto | Getty Images Bitcoin rose to its highest level in more than a month on Wednesday, as traders got excited about the prospects of a spot bitcoin ETF following a series of recent applications from companies including BlackRock. The price of bitcoin jumped 10%…
In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman explains what’s behind Bitcoin (BTC) reaching 50% crypto market dominance for the first time in two years amid Blackrock’s spot exchange-traded fund (ETF) filing, and the United States Securities and Exchange Commission’s crackdown on altcoins. According to Pechman, it must be admitted that no one expected Bitcoin to become the second-largest nonfungible token blockchain. Analysis from CryptoSlam shows that the 30-day adjusted data — excluding wash trades — was $380 million for Ether (ETH) versus $104 million on…
The Bitcoin price rallied soon after the spot BTC ETF applications by WisdomTree and Invesco on Tuesday. Bitcoin extends its market dominance to 50% of the overall crypto market. Over the last 24 hours, the world’s largest cryptocurrency Bitcoin (BTC) has seen its price shoot by a staggering 8% moving closer to $29,000 levels. As of press time, BTC is trading at $28,884 with a market cap of $560 billion. The recent catalyst to the BTC price surge has been a flurry of applications for the spot Bitcoin ETF over…
Summary: Bitcoin neared double-digit gain in the past 24 hours following ETF applications from giant TradFi players like BlackRock. BTC traded above $28,800 on Monday, over 7% up in the past 1 day per data from TradingView and CMC. $8 trillion asset manager BlackRock filed a Bitcoin ETF with the SEC galvanizing other applications amid an ongoing crypto crackdown in the U.S. Bitcoin, crypto’s largest token by market cap, edged toward $29,000 during trading hours on June 21 on the back of growing interest from major institutional players in traditional…
Bitcoin (BTC) hit $29,000 on June 21 as largescale buying fueled a fresh sentiment boost. BTC/USD 1-hour chart. Source: TradingView Analyst: $29,000 becoming fakeout “very unlikely” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $29,014 on Bitstamp — its highest since May 7. The pair enjoyed continued buyer interest overnight, this coming on the back of multiple announcements concerning new Bitcoin-focused institutional investment products. This is not a short squeeze, but someone(s) is just buying $BTC a lot. I repeat. This is not a short squeeze, but someone(s)…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied WisdomTree Investments, a well-known US asset manager, has swiftly applied for a new ETF focused on bitcoin. This follows closely after BlackRock’s similar move. WisdomTree has submitted its application to the US Securities and Exchanges Commission (SEC) during a critical time when the SEC is involved in legal battles with cryptocurrency exchanges Coinbase and Binance. 87 billion dollar big Wisdom Tree is filing for a Bitcoin ETF! Someone knows something we don’t. 4 massive assets managers…
At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15. New York-based asset management fund WisdomTree is the most recent investment firm to lodge a new filing for a spot Bitcoin ETF. According to a June 21 filing to the United States Securities and Exchange Commission (SEC), WisdomTree requested that the SEC allow it to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under…
“The SEC is very concerned with market manipulation related to Bitcoin prices, and has cited this in almost, if not all, previous rejections,” Graeme Moore, Head of Tokenization, at the Polymesh Association, said earlier to CoinDesk. “This is because the SEC’s view is that Coinbase and others are not regulated as exchanges and therefore cannot be trusted to ‘prevent fraudulent and manipulative acts and practices’.” Source