ETFs Archives

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

January 10, 2024

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

January 10, 2024 boss

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…

SEC Twitter ‘Compromised,’ Bitcoin ETFs Not Approved Chair Gensler Says After Account Said Products Greenlit

January 9, 2024

The U.S. Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF applications as of Tuesday afternoon, despite a tweet from the regulator’s X (formerly Twitter) account saying they had been, the agency’s chair, Gary Gensler, said. Source

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

January 9, 2024 boss

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.…

Bitcoin ETFs Could See Up to $100B in Inflows If SEC Approves: Standard Chartered

January 9, 2024 boss

Bitcoin gained around 155% over the last year and is up 6% since the start of 2024, according to data from Messari. Standard Chartered said that following an approval, bitcoin could witness similar gains to what gold did, but over a shorter time period (one to two-years). “Our view is the BTC ETF market will develop more quickly,” said the report. Original

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

January 9, 2024 boss

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

January 9, 2024 boss

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…

Spot Bitcoin ETFs Could Trade 8% Above Fair Value: Expert

January 9, 2024 boss

In a recent interview with Bloomberg, Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, shared insightful predictions regarding the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs). Browne foresees these ETFs trading at a significant premium, estimating as high as 8% above their net asset value (NAV). Why Spot Bitcoin ETFs Could Trade At A 8% Premium To NAV “I think the spreads will be very competitive and tight. The market maker community is resilient and prepared to offer a lot of liquidity,” Browne stated. However,…

Bitcoin ETFs: The Bear Case

January 8, 2024

Because bitcoin is decentralized, there isn’t a single price of bitcoin. Instead, its dollar value is often calculated by averaging the current going price of bitcoin on a few trusted exchanges. However, even on established exchanges, it’s not unheard of for investors to drive crypto prices up or down deliberately or accidentally with large trades, opening arbitrage opportunities. Source

Bitcoin ETFs: The Bull Case

January 8, 2024 boss

In other words, the bull case around an ETF boils down to legitimization. Even before Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), took charge, the U.S. government was hesitant to approve crypto ETFs because of the possibility of market manipulation and fraud. ETFs, which are like mutual funds except typically more tax efficient and lower cost, are a relatively new and quick growing segment of traditional finance. Original