Tag: ETFs

ETF Expert Predicts All Spot Bitcoin ETFs Will Get Approval at Same Time

BlackRock’s iShares Bitcoin Trust gets listed on the Depository Trust & Clearing Corporation (DTCC), however, analyst predict all approvals to happen at once. As the crypto community gears up for the arrival of the first spot Bitcoin ETF in the coming months, analysts have been sharing interesting predictions ahead. Expert in crypto ETFs Stuart Barton, the Chief Investment Officer of Volatility Shares, anticipates that all spot Bitcoin exchange-traded fund (ETF) applications submitted to the US Securities and Exchange Commission (SEC) might be approved simultaneously. Notably, Barton’s company, Volatility Shares, achieved…

Crypto products see 4th week of inflows amid race for Bitcoin ETFs: CoinShares

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Crypto investment products have recorded four  weeks of inflows, as the market eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. Asset management firm CoinShares’ Oct. 23 fund flows report revealed $179 million was added to digital asset investment products in the week ending Oct. 20, which has swelled the space’s assets under management to $33 billion. Of the past week’s inflows, $55.3 million or 84% went to Bitcoin investment products which has brought year-to-date Bitcoin product inflows to $315 million, it…

Coinbase’s Grewal expresses optimism about approval of Bitcoin ETFs

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Coinbase Chief Legal Officer Paul Grewal discusses the prospective approval of Bitcoin spot ETFs by the U.S. SEC and its potential impact on the cryptocurrency landscape. In an Oct. 19 interview with CNBC, Paul Grewal, the chief legal officer of crypto exchange Coinbase, expressed a sanguine outlook on the potential approval of Bitcoin spot exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC). Grewal’s optimism isn’t without foundation; he believes that under the current legal framework, the green light for these ETFs is merited. Paul Grewal, chief…

SEC chairman Gensler confirms ongoing review of Bitcoin ETFs

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Securities and Exchange Commission (SEC) Chairman Gary Gensler recently commented on the application status of numerous Bitcoin spot ETF applications. SEC Chairman Gary Gensler confirmed that the regulator reviews numerous Bitcoin spot ETF applications. While mentioning eight or nine such applications, Gensler emphasized the long-standing review process without specifying Grayscale’s situation. “The staff is doing work on those multiple filings.” Gary Gensler, SEC chairman Speaking to Bloomberg, Gensler added that proponents must ensure that their products are registered with the SEC and go through a filing process somewhat similar to…

Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant

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CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after launching the spot ETFs. Bitcoin Could See A 165% Rise When The Spot ETFs Launch Yesterday, fake news of the approved iShares Bitcoin spot ETF took the sector by storm, as all cryptocurrencies observed sharp rallies. At the peak of this surge, BTC had approached the $30,000 level. However, when the market realized the truth about the announcement, the asset quickly retraced to the levels it was at before…

What’s happening with Bitcoin ETFs, and will the SEC approve them?

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On October 16, the crypto community’s hopes briefly surged upon hearing the news of a Bitcoin ETF approval, only to be dashed when BlackRock denied the information. Since BlackRock, VanEck, Invesco Galaxy, ARK 21Shares, and other financial industry giants filed applications to create spot Bitcoin ETFs in mid-June, the asset has risen in price by 8%. Over the same period, the second largest cryptocurrency by capitalization, Ethereum (ETH), lost 7.5% in price. Previously, the SEC has repeatedly rejected applications from other issuers to create such products, citing problems with the…

SEC might cite market manipulation to deny further Bitcoin ETFs

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The U.S. Securities and Exchange Commission (SEC) may have found additional ammunition to deny future Bitcoin ETF applications following a recent misinformation debacle. The latest development involved false reports claiming the SEC’s approval of a Bitcoin ETF from BlackRock, which led to significant market volatility. Fake news on Bitcoin ETF On Oct. 16, cryptocurrency media outlet Cointelegraph erroneously reported that the SEC had approved a spot Bitcoin ETF from BlackRock’s iShares. The false news was widely circulated on social media, causing Bitcoin’s (BTC) price surge. BlackRock quickly clarified that its…

Why Do Crypto Traders Care About Spot Market Bitcoin (BTC) Exchange-Traded Funds (ETFs)?

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The demand for ETF news is clear enough — as Blockworks reported, the Binance BTC/USDT market, which accounts for 8% of bitcoin daily trading volume, saw a 7% candle roughly 30 minutes after an unsourced, unproven tweet about BlackRock’s approval was posted. Mind you, this is in an industry that was already embarrassed by fake news that in 2022 WalMart was going to accept litecoin (LTC), a project that hasn’t been relevant since the year it was created. Original

Bitcoin Spot ETFs Inch Closer to Reality in U.S.

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On Friday, a person familiar with the matter said the U.S. Securities and Exchange Commission wouldn’t appeal its loss in the Grayscale case. “The SEC’s decision not to appeal against a ruling that it was wrong to reject a spot BTC ETF is a clear testament that regulatory dynamics in crypto are evolving,” said Lucas Kiely, chief investment officer at Yield App in a note to CoinDesk. “While this by no means guarantees that Grayscale will convert its bitcoin trust into an ETF, the move does allow Grayscale’s application to…