Spot Bitcoin ETFs Issuers Buy Up 5% Of BTC Supply, $100 Million To Flow Into ETFSwap (ETFS) Presale – Blockchain News, Opinion, TV and Jobs

Spot Bitcoin ETFs issuers have bought up almost 5% of BTC total supply; ETFSwap is projected to witness $100 million in inflows during its presale. In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETFs issuers now hold about 5% of the Bitcoin (BTC) total supply. This substantial accumulation has driven significant inflows into the ongoing presale of prominent cryptocurrency ETF trading platform, ETFSwap (ETFS), which is set to receive an influx of $100 million. ETFSwap (ETFS) Presale Inflows To SkyRocket As Spot Bitcoin ETFs Hype Grows  ETFSwap (ETFS)…

Bitcoin ETF Issuers Push Holdings To 4.27% Of BTC Supply Amid Crash To $61,000

There’s no denying the launch of Spot Bitcoin ETFs has done wonders for the price of Bitcoin and other cryptocurrencies in general. These ETFs have now unlocked institutional demand into the world’s largest crypto asset to change the dynamics ahead of the next halving. On the other hand, recent tensions between Iran and Israel have seen Bitcoin falling to as low as $61,000 in the past 24 hours to undo weeks of price increases.  Bitcoin ETF Wallets Now Whale Addresses The institutional demand for Bitcoin has been ramping up since…

Issuers Set New Record As Weekly Inflows Cross $2.2 Billion

Bitcoin spot exchange-traded funds have been online in the US for only two months, but their performance has far eclipsed any other asset class. These ETFs recently hit a new milestone, drawing over $2.2 billion in inflows last week alone, shattering the previous weekly record set on the first week of trading. This is a particularly noteworthy development because, as senior Bloomberg analyst Eric Balchunas pointed out, this inflow skyrocketed past the 3,400 plus ETFs available in the US, like the SPLG US and the SPY US.  Bitcoin ETF Inflows…

Valkyrie exec predicts fewer Bitcoin ETF issuers by year-end

Spot Bitcoin exchange-traded funds (ETFs) are nearing their first month of operation, with the landscape potentially set for consolidation by the end of 2024, according to Valkyrie Funds’ Chief Investment Officer, Steven McClurg. In an exclusive interview with Decrypt on Feb. 10, McClurg said he anticipates a reduction in the number of issuers from 10 to “about seven or eight.” He attributes this forecast to the financial burdens associated with running a spot Bitcoin ETF, compounded by a competitive fee-lowering trend that threatens the profitability of struggling issuers. McClurg emphasized…

Spot Bitcoin ETF issuers file new AP disclosures with SEC

At least 17 updated filings related to spot Bitcoin ETFs have been submitted to the SEC in the last 24 hours, with experts reaffirming high approval odds.  A handful of spot Bitcoin ETF issuers filed amended S-1 and S-3 forms with the United States Securities and Commission (SEC) following a flurry of feedback between both parties as firms tighten up readiness for expected approval.  BlackRock, VanEck, Valkyrie, ARK 21Shares, Grayscale, and Invesco Galaxy had submitted updated filings at press time. Outstanding amendments are expected sometime during Jan. 9 ahead of…

Multiple spot Bitcoin ETF issuers file amendments with fees

BTC broke above $45,000 as BlackRock, Grayscale, ARK 21Shares, and other firms submitted updated spot Bitcoin ETF forms leading up to the first deadline for approval.  As of 10 a.m. ET on Jan. 8, 10 spot Bitcoin ETF issuers had filed amended S-1 and S-3 forms with the United States Securities and Exchange Commission (SEC) in a final push for approval of traditional financial funds that would track the price of spot Bitcoin (BTC), the largest cryptocurrency. Valkyria, Wisdomtree, Invesco Galaxy, BlackRock, ARK 21Shares, VanEck, Fidelity, Bitwise, and Franklin Templeton…

Spot Bitcoin ETFs issuers get final deadline to change applications

Companies that applied to launch a spot Bitcoin (BTC) ETF were given a deadline to make any changes to their pending applications. According to Bloomberg, potential Bitcoin ETF issuers were allowed to make changes until Monday morning, Jan. 8. The US Securities and Exchange Commission (SEC) has until Jan. 10 to take action on at least one of these statements. Sources familiar with the matter believe the regulator will use this data to make multiple decisions. The SEC also plans to vote on 19b-4 filings from exchanges that will list…

Issuers reach significant milestone for spot Bitcoin ETFs

Issuers of spot Bitcoin (BTC) exchange-traded funds (ETF) have made significant progress toward regulatory approval. According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has provided positive feedback on key filings and requested no additional feedback on the paperwork for several applications. The agency’s commissioners plan to vote on the exchange-rule filings this week. At least one applicant, asset manager BlackRock, reportedly expects the SEC to approve its application for a spot Bitcoin ETF on Wednesday, Jan. 10. Last week, the SEC instructed multiple exchanges and issuers interested in…