Cathie Wood’s ARK Revamps Crypto-Related Holdings Ahead of Bitcoin ETF Approval Decision July 20, 2023 7:52 p.m. ET Crypto Firm Says ETF Could Increase Bitcoin Demand by $30 Billion. Don’t Bank On It. June 29, 2023 8:39 a.m. ET A New Bitcoin ETF Is Risky—and Declares It. ...
“It’s not the wrapper, it’s not the ETF product that’s the concern, it’s the underlying asset that the SEC is worried about from a fraud standpoint. They don’t want to pull off that band aid too quickly.” Rosenbluth isn’t the only one convinced that a Bitcoin ETF is unlike...
“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 complicates matters for an ether ETF. "We are observing the ethereum decision very, very closely," CoinShares CEO Jean-Marie Mognetti told CNBC on Tuesday. "CoinShares was not in the race for the bitcoin ETF until three months before the approval, and we managed to qualify ou...
However, since the Bitcoin ETF was approved, Bitcoin has declined by around 6%. Ilan Solot, co-head of digital assets at Marex Solutions, said that the approval of a Bitcoin ETF was definitely not a large-scale success. Bitcoin's latest price trend shows that for products that are highly...
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 ...
approval. Bitcoin prices have shot up on the SEC's approval of the ETFs, more than doubling since last year, CoinDesk's Bitcoin Price Indexshows.Prices for the cryptocurrencyhad already risen 61% since Octoberon expectations that the agency planned to approve spot ETF applications, CoinDesk...
Bogart, whopreviously statedhe thought the chances of approval for the Bitcoin ETF were “less than 25 percent,” added to the WSJ that its unorthodox structure could prove to be a further stumbling block. “I don’t believe there’s any ETF that trades in the U.S. where a single entit...
This is a new argument in the context of$BTCETFs that wasn’t possible until the approval of the first#Bitcoinfutures-based#ETFand subsequent rejection of yet another spot-based ETF. So, what is this new argument?: — Craig Salm (@CraigSalm)November 30, 2021 ...
The rally following the SEC’s long-awaited spot bitcoin ETF approval has been so positive that the net assets in Grayscale’s ETF have nearly recovered since its conversion, which allowed long-term holders to exit and take profits from bitcoin’s massive rise over the past decade. Recent la...