Tag: ETFs

Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto’s Staunchest Supporters

“I don’t see bitcoin ETFs as clashing with what original proponents of crypto hoped for, because from the very start even the most idealistic strains of bitcoinism were always twinned with the raw desire to make money,” Koning said. “For the number to go up, more funds must be drawn in, which requires not only relying on the linkages already forged to traditional finance, like the integration with the card networks, but new forms of interconnection.” Source

Bitcoin ETFs and Wall Street: A Double Milestone

What’s more, it has done so with no corporation or government entity behind it, no VC money for its operations, no internal PR team. Bitcoin’s community is perhaps not so quiet, but the protocol itself has been remarkably lacking in drama. Running quietly in the background, the asset the network generates has found its way into institutional portfolios and retail holdings around the world, regardless of national boundaries and regulations. Source

GBTC, BTCO, FBTC, DEFI, BTCW Lead as Bitcoin ETFs Debut; IBIT Is in 6th Place

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Robinhood to add support for spot Bitcoin ETFs ‘as soon as possible’

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Online fintech brokerage firm Robinhood is about to join the Bitcoin ETF craze, saying the ETF approval is a key factor in advancing the integration of crypto with traditional finance. Robinhood CEO Vlad Tenev announced the company’s plans in a thread on X on Jan. 11, stating the broker aims to list all approved spot Bitcoin exchange-traded funds “as soon as possible.” Exciting update from Washington today! As a pioneer in offering spot crypto trading, Robinhood is thrilled about the @SECGov‘s decision to approve spot Bitcoin ETFs. We’ve been ahead…

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