Tag: ETFs

Hong Kong lawmaker advocates for swift adoption of spot Bitcoin ETFs following US lead

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A Hong Kong legislator has called on the government to swiftly emulate the U.S., which approved spot bitcoin exchange-traded funds on Jan. 10. In a Jan. 11 X post, Hong Kong Legislative Council member Johnny Ng urged the city to foster innovation in the cryptocurrency space, emphasizing the region’s readiness to lead in Asia by implementing relevant policies and products. 美國證券交易委員會SEC在香港時間凌晨通過現貨比特幣ETF。此舉對虛擬資產市場是一個重要的舉動，也吸引更多傳統投資者和資金參與虛擬資產領域投資。經過這次SEC通過現貨比特幣ETF，我認為香港也要在虛擬資產領域敢於做「領頭羊」，通過創新政策來帶領整個行業發展。 1. 特區政府盡快推動現貨ETF的落實… pic.twitter.com/5b0fhHFQHh — Johnny Ng 吴杰庄 (@Johnny_nkc) January 11, 2024 Ng cited the Securities and Futures Commission’s (SFC) prior willingness to consider applications for spot bitcoin ETFs as…

SEC Approves Bitcoin (BTC) ETFs, Broadening Access

About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to win investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Source CryptoX Portal

Spot Bitcoin ETFs Approved: The Crypto Industry Reacts

“If the SEC is anti-crypto, they have shot themselves in the head. If they had just quietly approved the Grayscale ETF application all those many years ago, there would be a few crypto ETFs out there without much fanfare. By delaying as long as they have, they are creating a lot more free publicity for crypto. Also, they appear to be consciously setting it up so that multiple ETFs will start trading at the same time. Whatever the reason, they are invoking the marketing might of the biggest behemoths on…

Why Are Bitcoin (BTC) ETFs Such a Big Deal? Gold Provides a $100 Billion Answer

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Given that bitcoin ETFs directly hold the underlying asset, there could also be organic demand for bitcoin itself, said El Isa. “This could potentially drive up its value as more investors, including institutional allocators like BlackRock and Fidelity, seek to hold the asset within the ETF. This, in turn, could have a cascading effect, further solidifying bitcoin’s position in the global financial landscape.” Original

SEC approves rule changes that pave the way for bitcoin ETFs

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The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF, as well as the launch of competing funds from mainstream issuers such as BlackRock’s iShares and Fidelity. The first funds are poised to begin trading Thursday. The approval may…

SEC Approves All 11 Spot Bitcoin ETFs, BTC Price Holds Steady At $46,000

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In a groundbreaking development for the cryptocurrency and Bitcoin market, the United States Securities and Exchange Commission (SEC) has approved all 11 spot Bitcoin ETFs submitted by the world’s largest asset managers.  Bitcoin ETFs Align With Exchange Act Standards In its official filing, the SEC stated that each proposal sought to list and trade shares of a trust that would hold spot Bitcoin, either wholly or partially.  Importantly, the commission found that the proposals were consistent with the provisions of the Exchange Act and the applicable rules and regulations governing…

Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency

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About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to collect investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Original