Tag: ETFs

SEC Posts Order Approving Bitcoin ETFs, And Then It Disappears From Website

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CBOE announces the listing of several Bitcoin ETFs pending SEC approval

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The Chicago Board Options Exchange has extended its approval for listing several spot Bitcoin ETFs, pending the final nod from the SEC. This announcement was disclosed in a letter to the SEC, indicating the potential listing of Bitcoin ETFs from prominent investment firms, including VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy. Leaked official email from Cboe This decision highlights the advanced stage of ETF proceedings. The Chicago Board Options Exchange’s (CBOE) proactive stance is geared towards accelerating the registration of these securities under Rule 12d1-2 of the Securities…

Spotlight on DePIN and RWA Beyond Bitcoin ETFs

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The big winners from 2023 include liquid staking derivative tokens on layer 2 protocols (eg, ALCX, ASX, PENDLE) followed closely by DeFi 2.0 protocols (eg, DYDX, FXS, INST), the only included narratives that outperformed simply holding Bitcoin. However, Money Market protocols (eg, AAVE, COMP, QI) and Decentralized Physical Infrastructure Networks (“DePIN,” eg, FIL, RNDR, DIMO) followed closely behind. Original

Nearly 10 hedge funds are set to launch spot crypto ETFs in Hong Kong, HashKey says

With Hong Kong on the verge of approving spot crypto ETFs, almost a dozen hedge funds are queuing up to submit applications for the new financial product. In an interview with Chinese news outlet Caixin, HashKey Group COO Livio Weng revealed that approximately a dozen hedge funds are preparing to submit applications for the launch of spot crypto exchange-traded funds (ETFs) in Hong Kong as the city is poised to become the first market in Asia allowing the listing of these financial products. While the timeline for Hong Kong regulators…

US Senators urge SEC for clarity following misleading tweet on Bitcoin ETFs

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U.S. Senators J.D. Vance and Thom Tillis have urged the Securities and Exchange Commission (SEC) to provide a detailed report to Congress regarding the Jan. 9 breach of X account. In their Jan. 9 letter to SEC Chair Gary Gensler, Vance and Tillis expressed deep concerns about the SEC’s cybersecurity measures, citing the incident as contradictory to the SEC’s mission of protecting investors, ensuring efficient markets, and aiding capital formation. The letter was in reference to the widely cited breach that led to the dissemination of false information about the…

Valkyrie CIO Anticipates XRP And Ethereum Spot ETFs Following Bitcoin’s Approval

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While Bitcoin exchange-traded fund (ETF) applications are still awaiting approval from the US Securities and Exchange Commission (SEC), executives from asset management firms are already speculating about the potential launch of spot ETFs for other major cryptocurrencies, including XRP and Ethereum (ETH).  Valkyrie Invest’s Chief Investment Officer, Steven McClurg, expressed his belief that the SEC’s potential approval of a Bitcoin ETF could pave the way for similar offerings in the XRP and Ethereum markets.  However, regulatory challenges and classifying XRP and Ethereum as securities may present hurdles toward these index funds.…

Global Mega Bank Standard Chartered Releases Bullish Forecast For Spot Bitcoin ETFs

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Standard Chartered Bank is the latest to give its predictions on the impact Spot Bitcoin ETFs could have on Bitcoin’s price in the long term. The bank took a bullish stance as they predicted that BTC could rise to unprecedented heights by the end of 2025.  Bitcoin Could Hit $200,000 By End Of 2024 According to a report by Standard Chartered shared on the X (formerly Twitter) platform, BTC’s price could reach $200,000 by end-2025. There is the potential for Bitcoin to hit this price level with $50 to $100…

CryptoQuant unveil two potential scenarios for spot Bitcoin ETFs

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Analysts from CryptoQuant revealed two scenarios that could unfold before the approval of spot Bitcoin (BTC) ETFs. CryptoQuant experts analyzed the support and resistance levels of the first cryptocurrency based on the average price of BTC holders and presented two scenarios: bullish and bearish. 2 Scenarios Before Bitcoin Spot ETF Approval and How to Respond Quicktake Post by @MAC_D46035 This post explains how to analyze the Bitcoin price support and resistance using on-chain data of the average unit price of #Bitcoin holders. Thread🧵 — CryptoQuant.com (@cryptoquant_com) January 9, 2024 According…