To grasp the importance of this ruling, it's best to start with a little history. The crypto market has been eagerly waiting for the approval of a spot Bitcoin ETF for quite some time. Since the initial attempt to establish a spot Bitcoin ETF in 2013, there have been ...
“The consistent inflows into the ETF highlight that institutional demand remains strong. With this morning’s approval by the SEC’s approval for BTC ETF options to be listed on the NYSE, we believe this will provide the ETF with the needed liquidity to attract sustainable inflows.” ...
This wave of applications represents a second attempt at launching spot Bitcoin ETFs in Australia as two years ago similar products debuted on the CBOE Australia, a smaller exchange accounting for less than a fifth of equity trading volume. BTC Price Forecast: Will Australia ETF Approval Drive ...
Bitcoin prices have shot up on the SEC's approval of the ETFs, more than doubling since last year, CoinDesk's Bitcoin Price Index shows. Prices for the cryptocurrency had already risen 61% since October on expectations that the agency planned to approve spot ETF applications, CoinDesk reported...
Cboe Global Markets has submitted a filing to the US Securities and Exchange Commission on behalf of Fidelity Investments, seeking approval to list and trade their bitcoin ETF – Wise Origin Bitcoin Trust. A copy of the filing is availablehere. ...
The Securities and Exchange Commission says X post on spot-bitcoin ETF approval was fake. SEC Chair Gary Gensler says that no decision was made Tuesday.
Prior to the US’s spot Bitcoin ETF approvals, most investors could not invest in Bitcoin through their traditional financial broker or allocate part of theirretirement fundto the cryptocurrency. Investors can now safely and easily acquire Bitcoin ETF shares through traditional brokerages like Fidelity...
There is also growing optimism following the approval of Spot Bitcoin ETF. In January 2024, the US Securities & Exchange Commission gave the green light to its regulated investment vehicle, which is now considered one of the pivotal moments in adopting cryptocurrencies. With optimistic predictions ...
But consumer protection and investor groups have warned that making the product available via an ETF would encourage retail investors to move money into a sector known for repeated scandals and massive price fluctuations. Dennis Kelleher, president of Better Markets, said the approval “is a historic...
“The regulatory approval process for a US bitcoin ETF appears focused on whether they have comfort in the risks related to bitcoin in a fund and whether the fund could become too large to handle the lack of liquidity in the market.” Fund providers are working on their crypto ETF applicatio...