The SEC’s X account was hacked on Tuesday, tweeting a fake announcement that spot Bitcoin ETFs had been approved, forcing SEC head Gary Gensler to say they were in fact, not approved. In a series of events today that were memorably described as a goat rodeo, the official SEC X Account appeared to announce that…
As the US SEC prepares to make its final decision regarding Spot Bitcoin ETF approvals, the Depository Trust and Clearing Corporation (DTCC) has officially listed the Spot ETFs tickers from investment management firm, VanEck. VanEck’s Spot ETF Ticker Listed on DTCC American investment management firm VanEck’s Spot Bitcoin ETF has recently appeared on the active…
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…
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…
As anticipation builds around major asset managers’ potential approval of Bitcoin ETF applications, former US Securities and Exchange Commission (SEC) chair Jay Clayton has added his voice to the discussion. Clayton, who served as SEC chair from 2017 to 2020 during the Trump administration, expressed his belief in the inevitable approval of Bitcoin ETFs in…
Global media company Forbes has published a column predicting a staggering $80,000 price surge for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). Bitcoin To Rise $80,000 American business magazine and global media company Forbes has recently released a report emphasizing the massive impact the approval…
Bitcoin surged to US$47,000 on Monday on expectations that spot ETFs will be approved on Wednesday. ETF providers have announced shockingly low fees in their bid to win customers. It must now be a matter of when, and not if, the large group of Bitcoin Spot ETF providers will be approved and able to begin…
With the Bitcoin price soaring to new highs, the cryptocurrency community is excitedly buzzing as all signs point towards an imminent approval of the highly anticipated Bitcoin Exchange-Traded Fund (ETF) applications. This positive sentiment has propelled the Bitcoin price past the $47,100 mark, reaching levels not seen since April 2022 and inching closer to the…
All applicants for a spot Bitcoin exchange-traded fund (ETF) have submitted their final Form S-1 amendments to the United States Securities and Exchange Commission (SEC). This marks a pivotal moment, especially as the deadline for submission was set for 8:00 am EST today, January 8. Leading the pack, Valkyrie submitted its final S-1 amendment well…
It’s decision time. By the end of this week, we’ll have our answer - will one or more Bitcoin Spot ETFs be given the green light to trade in the U.S? And how will the market respond? In the race towards the approval of a spot Bitcoin exchange-traded fund (ETF), the final steps are underway,…