In a landmark decision, theSecurities and Exchange Commission (SEC)approved 13 applications to create a spotBitcoin(CRYPTO: BTC)exchange-traded fund (ETF). With the inability to purchase Bitcoin directly, the spot ETF is heralded as the mechanism that will allow deep-pocketed ...
Securities and Exchange Commission (SEC) approval of a Bitcoin spot exchange traded fund (ETF) has been lauded as ‘the legitimisation’ of Bitcoin and other cryptos. Approval of the ETF allows hundreds of millions of investors around the world to access Bitcoin. It gives ...
Is BTC and the broader crypto market reaching the bottom of the latest pullback? Near-term BTC-spot ETF and BTC trends will likely hinge on US economic indicators. Better-than-expected US consumer confidence (Tues) and hotter-than-expected inflation (Fri) numbers could reduce bets on a Septe...
Upon majority approval, the “proof” is verified, a new block is added to the chain and the miner is rewarded with some newly minted Bitcoin and the user transaction fees from the block that was just mined out. Understanding Bitcoin mining Bitcoin mining is notoriously complicated and can ...
is so important, what it will mean for the price of bitcoin and how this halving cycle may be different to before. And we’ll also get the latest on the future of crypto exchange Binance. And finally, whether Ethereum is the next cryptocurrency after bitcoin to be granted an ETF....
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Theexpiry date on your Futures contractwill protect against extreme price losses in the spot BTC market. If you think the price of Bitcoin is going to go higher, you can take a long position on the asset. On the other hand, you can take a short position on the contract if you think ...
With regard to the realistic timeline for the first crypto ETF approval, Lu is doubtful that the process will be expeditious: “For a bitcoin ETF proposal to gain SEC approval, the sponsor will need to prove that real price discovery is happening as opposed to market manipulation.” Lu does...
Regulatory concerns about GBTC largely stem from the SEC's cautious approach toward cryptocurrency-based financial products. In 2021, GBTC filed an application with the SEC for full ETF approval. The application was held up at the SEC, along with similar applications by other prospective ETF provid...
Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions. Bitcoin was intro...