In a recent series of tweets, Vetle Lunde, Senior Analyst at K33 Research, delved deep into the potential ramifications of the US Bitcoin (BTC) spot ETFs. Lunde’s analysis suggests that the broader market might be significantly underestimating the transformative power of these financial instruments. Lunde’s assertion is rooted in five core reasons. He began with…
After a short-lived rally above $28,000 this week following Grayscale’s landmark court case victory against the US Securities and Exchange Commission (SEC) over the conversion of GBTC into a spot ETF, the price of BTC has once again settled around the $26,000 mark. This comes after yesterdays’ SEC’s decision to postpone all Bitcoin spot ETF…
Bloomberg senior analysts Eric Balchunas and James Seyffart have raised their approval odds of the first Bitcoin spot exchange-traded fund (ETF) in the United States (US) to 75%. This development comes after the US District of Columbia Circuit ruled against the US Securities and Exchange Commission (SEC), stamping out the regulator’s denial of Grayscale’s conversion…
In a significant turn of events for Bitcoin (BTC) and the overall market, cryptocurrency asset manager Grayscale has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC). The U.S. District of Columbia Court of Appeals has ruled in favor of Grayscale, overturning the SEC’s lawsuit and potentially bringing the company…
The general crypto market has recorded a slight decline in the last week, with the market leader Bitcoin losing 0.78% of its value over the last seven days. This price loss amplifies BTC’s negative monthly performance, pushing its total loss in the last 30 days to around 5.38%, according to data from CoinMarketCap. At the…
The dream of a spot Bitcoin exchange-traded fund (ETF) in the US is still yet to become a reality as various investment firms continue to seek approval from the Securities and Exchange Commission (SEC) despite multiple rejections. In a recent turn of events, Valkyrie, an alternative asset management company specializing in the emerging cryptocurrency sector,…
With the approvals of futures bitcoin ETFs, firms have taken it one step further and have applied with the Securities and Exchanges Commission (SEC) for spot-based bitcoin ETFs. However, unlike their futures and short counterparts, the spot ETFs have not found favor in the eyes of the regulatory watchdog. And as more spot-based bitcoin ETF…