Market sentiment has experienced a significant upturn, with a noticeable trend in digital asset investment products attracting inflows for four consecutive weeks, accumulating a total of $66 million. This recent four-week streak of inflows has now reached $179 million. Following a recent increase in prices, the total Assets under Management (AuM) have surged by 15%...Read More
The U.S. Court of Appeals for the D.C. Circuit has reaffirmed its prior ruling, directing the Securities and Exchange Commission (SEC) to review Grayscale Investments’ proposal to convert the crypto company’s leading GBTC fund into a Bitcoin exchange-traded fund (ETF). This development comes after the SEC’s recent announcement that it does not intend to appeal...Read More
Bitcoin is growing increasingly scarce, and its price movements are finally showing it. Recent statistics from the on-chain analytics platform IntoTheBlock reveal that an unprecedented portion of the accessible BTC supply has been securely stashed away for the long term. Long-Term Bitcoin Holders Remain Resilient Long-term Bitcoin holders have significantly ramped up their exposure to...Read More
While maintaining the $30,000 mark is proving challenging for Bitcoin, there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US. A potential approval can push Bitcoin between $42,000 and $56,000, according...Read More
Grayscale has submitted a fresh application to the Securities and Exchange Commission (SEC), aiming to establish one of the first spot Bitcoin exchange-traded funds (ETFs) in the United States through its Grayscale Bitcoin Trust. The filing revealed that Grayscale intends to list Grayscale Bitcoin Trust shares on the New York Stock Exchange (NYSE) Arca. Grayscale...Read More
Enthusiasm for the highly anticipated U.S.-centered bitcoin exchange-traded fund (ETF) has grown, as evidenced by a notable rise in Google searches related to this revolutionary financial offering. This comes as retail investors and enthusiasts closely monitor developments surrounding the potential launch of a spot Bitcoin ETF early next year. Growing Interest in Spot Bitcoin ETFs...Read More
Over the past couple of hours, Bitcoin prices cranked 2.5% from $28,600 to hit an intraday high of $29,361. The total gain on the day is 3.2%, and the asset has made a whopping 9% since this time last week when it was trading at around $26,800. Analyst “CrediBULL Crypto” was quick to declare “Bitcoin...Read More
Investment management giant BlackRock filed an amended version of its spot Bitcoin ETF S-1 application form on Wednesday, following numerous updated filings from rival firms. The updated filing includes five additional pages of text warning of additional risks the fund’s investors may face, including risks related to Bitcoin itself. Bitcoin Lacks Transparency, Says BlackRock In...Read More
After years of delaying and stonewalling a highly anticipated spot Bitcoin ETF, the Securities and Exchange Commission (SEC) is starting to have more productive conversations about the product with hopeful applicants. One such hopeful is Cathie Wood, CEO of Ark Invest, who said on Monday that her company has noticed a positive “change in behavior”...Read More
Bitcoin briefly soared toward $30,000 following a false spot Bitcoin ETF approval information before swiftly retreating to the $28,000 level. But an actual approval could add $1 trillion to the crypto market, according to the latest report by CryptoQuant. The next wave of Bitcoin institutional adoption appears to be advancing in the form of financial...Read More
Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – reached its lowest point in 22 months last Friday. The decline in the discount has sparked optimism as spot Bitcoin exchange-traded funds (ETFs) in the United States are moving closer to becoming a reality. This comes as the SEC passed the deadline to appeal...Read More
Ark Invest, led by Cathie Wood, has taken a significant step forward by filing an updated version of its spot Bitcoin ETF prospectus. The move is in response to recent feedback from the U.S. Securities and Exchange Commission (SEC) asking for clarifications on some concerns. Changes to Ark Invest’s Spot Bitcoin ETF Prospectus Eric Balchunas,...Read More
Former BlackRock managing director Steven Schoenfield, who now serves as the CEO of MarketVector Indexes, predicts that the U.S. SEC will approve a Spot Bitcoin ETF within three to six months. Schoenfield shared this estimate during a panel discussion on ETFs at CCData’s Digital Asset Summit in London, where he was joined by another ex-BlackRock...Read More
Valkyrie Investments, known for its Bitcoin Mining ETFs, will begin investing in Ether Future ETFs, making it the first to offer exposure to Ether and Bitcoin futures contracts within a single entity. The asset management firm plans to purchase Ethereum Futures on Oct. 3, expanding its offerings range. Valkyrie Expands Offerings with Ethereum Futures Valkyrie...Read More
The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts say this postponement is tied to the impending risk of a U.S. government shutdown on Oct.1. SEC Delays Bitcoin ETF Applications According to separate Sept. 28 filings, the SEC has...Read More
With the odds of a US government shutdown increasing by the day, the Securities and Exchange Commission (SEC) is reportedly looking to expedite Ethereum Futures exchange-traded funds (ETFs) approvals, according to senior Bloomberg analyst Eric Balchunas. Meanwhile, the SEC remains hesitant to approve spot Bitcoin ETF applications, with the agency recently delaying its decision on...Read More
During his congressional testimony on Wednesday, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, persisted in his criticism of the cryptocurrency industry. Despite partisan divisions and ongoing legal battles, Gensler did not disclose the SEC’s next moves regarding spot bitcoin exchange-traded funds (ETFs) following a recent legal setback. Gensler Accuses Crypto Companies Chair...Read More
Currently, the race to establish dominance in the ETF (Exchange Traded Fund) space is heating up. One of the most notable names in the asset management sector, VanEck, is making headlines once again. With a massive $80 billion under its management, VanEck is preparing to launch an Ethereum Futures ETF. This move comes as a...Read More
Despite a lull in the broader crypto market, the industry is buzzed with excitement as heavyweight financial institutions throw their hats into the ring for a spot Bitcoin ETF. The latest one to join the race is – Franklin Templeton. In the fast-paced world of crypto, nothing lasts for a very long time. This also...Read More
Amidst growing anticipation for the imminent launch of a Bitcoin Spot ETF, market observers have been left puzzled by what appears to be a relatively muted response. In an attempt to shed light on this conundrum, prominent crypto analyst and YouTube personality, Crypto Rover, has shared some valuable insights. The general consensus is that a...Read More
After handily defeating the regulator in court, Grayscale sent a letter to the Securities and Exchange Commission (SEC) on Tuesday with key messages for the agency as it pursues next steps. Given the court’s ruling, Grayscale emphasized that the commission has run out of reasons to continue denying the launch of a Bitcoin spot ETF....Read More
Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – thinks the regulator will sooner or later approve the launch of a spot Bitcoin exchange-traded fund (ETF). The agency recently decided to delay the applications of BlackRock and numerous other finance giants who displayed ambitions to introduce such a product. Clayton...Read More
The US Court of Appeals for the DC Circuit overturned the country’s securities regulator’s rejection to review Grayscale’s application to turn its flagship fund into a spot Bitcoin ETF. Recall that the asset manager sued the Securities and Exchange Commission earlier this year. The Tuesday ruling ordered the SEC to “vacate” its decision to refute...Read More
According to Bloomberg Intelligence, the highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could occur right before Labor Day (September 4). The entity said that the US Securities and Exchange Commission (SEC) is expected to respond to several applications from BlackRock, Bitwise, WisdomTree, VanEck, and Invesco in the following days....Read More
Two Bloomberg exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, predicted that there is a 75% chance the United States will have a spot Bitcoin ETF by the end of 2023, following Grayscale’s win against the US Securities and Exchange Commission (SEC). While the SEC has approved future-based Bitcoin ETFs, the Commission is yet...Read More
As the US Securities and Exchange Commission (SEC) faces mounting political pressure to greenlight a bitcoin ETF following its recent court loss, there’s an opposing viewpoint that insists on maintaining the current stance. However, CoinShares product head Townsend Landing believes the financial regulator is stuck in a maze of its own making. ‘Hoist With His...Read More
A few days ago, the U.S. Court of Appeals for the D.C. Circuit ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into...Read More
Europe saw the launch of the first spot Bitcoin ETF on Tuesday, but it turned out to be a sell-the-news moment since the cryptocurrency’s price plummeted in the following days to multi-month lows. Interestingly, something similar happened back in 2021 after the launch of the futures Bitcoin ETFs in the States, leading to speculations on...Read More
While the US SEC continues to reject or delay, at best, all spot Bitcoin ETF applications, such a product has seen the light of day in Europe. Called the Jacobi FT Wilshire Bitcoin ETF, it will be the first similar product compliant with SFDR Article 8 through its decarbonization strategy. The press release dated August...Read More
The Securities and Exchange Commission (SEC) has filed to postpone its decision on whether to approve or deny the Ark 21Shares Bitcoin ETF for listing on BZX. This marks the agency’s first delay on the latest wave of Bitcoin spot ETF applications, possibly indicating a similar short-term fate for rival applicants. Questions For the Public...Read More
