According to Bloomberg, a recent research report from Sanford C. Bernstein has shed light on the potential impact of Exchange Traded Funds (ETFs) on the Bitcoin market dynamics. Potential Surge In Bitcoin Market Value Sanford C. Bernstein’s research indicates that should the US green-light a fund investing directly in spot Bitcoin, ETFs could constitute roughly…
BlackRock and multiple other fund managers filed for Spot Bitcoin ETFs back in June. Since then, speculations have abounded regarding if the United States Securities and Exchange Commission (SEC) will approve the first Spot Bitcoin ETF given its track record. But according to insiders, the first approval may not be far off. Approval Coming Soon…
Valkyrie has applied to the US Securities and Exchange Commission (SEC) to add ETH futures contracts to its Valkyrie Bitcoin Strategy ETF (BTF). Valkyrie Makes A Move To Stay Ahead Of The Crowd Valkyrie’s application represents a move to stay ahead of the crowd. While many have applied to launch their respective Ethereum (ETH) Exchange-Traded…
The United States Securities and Exchange Commission (SEC) has been flooded with many applications for Ethereum (ETH) Exchange-Traded Funds (ETFs) in just one week. The applications currently stand at 12, with the latest addition coming from ProShares, a popular fund manager. The platform filed four applications for Ether-based ETFs, including a dual Ether and Bitcoin…
The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs. The Race To Launch An Ethereum Futures ETF Cryptocurrency…
The Bitcoin price tagged a new yearly high yesterday at $31,840, leaving market participants wondering about the driving forces behind this bullish momentum. The Power of Economic Indicators One of the crucial factors contributing to Bitcoin’s upward trajectory was the release of the United States Producer Price Index (PPI) data. The latest figures revealed a…
In the Bitcoin space, one question echoes persistently through the minds of enthusiasts and investors alike: When will Bitcoin rocket to the moon? While no one knows the answer, there are on-chain metrics and historical patterns that can be followed to track down the answer. Bitcoin Price Analysis: When Will BTC Break Out? Over 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,…
After Bitcoin reached a new yearly high at $31,413, the buy side has so far failed to initiate a trend-following move north. Although the bulls fended off a sell-off last Friday in the wake of the SEC’s perceived concerns over a Bitcoin spot ETF approval, the momentum seems to be increasingly flattening, or isn’t it?…
The cryptocurrency industry has experienced a significant downturn in the last 18 months due to concerns about high inflation and its impact on finances. However, there is evidence of increasing institutional adoption of Bitcoin (BTC) amid these challenging market conditions. Adoption Of Bitcoin Among Top Fintech Companies Prominent fintech companies have amassed substantial amounts of…