Bitcoin Etf Financial News

Some cryptocurrencies are likely to benefit more than others following the SEC’s spot Bitcoin ETF approval in the USA.

The XRP (XRP) price predictions remain bearish in the short term as spot Bitcoin ETFs go live in major US financial markets.

Better Markets, a non-profit organization that advocates for financial reform and more stringent financial regulations, has come out in stout opposition to the newly-approved spot Bitcoin ETFs.

To better integrate cryptocurrencies into traditional finance, Robinhood CEO Vlad Tenev announced that the platform will list the newly approved spot Bitcoin exchange-traded funds (ETFs) swiftly.

The Securities and Exchange Commission (SEC) said it has not yet approved spot bitcoin ETFs. The SEC's account on X, the platform formerly known as Twitter, had been compromised briefly by an unknown party after about 4 pm Eastern time but «unauthorized access has been terminated,» the agency said. It will work with law enforcement to investigate the hack and «related conduct,» the SEC said. X's head of business operations, Joe Benarroch, said in a statement that the SEC's account was secure and the company was investigating the «root cause» of the account compromise.

Coinbase has announced its official role as the custodian for eight of the newly approved spot Bitcoin exchange-traded funds (ETFs), following a monumental decision by the U.S. Securities and Exchange Commission (SEC).

Analysts are anticipating a substantial influx of $4 billion on the first day of trading for Spot Bitcoin ETFs in the U.S. The US Securities and Exchange Commission (SEC) finally granted official approval to 11 Spot Bitcoin ETFs in a historic decision.

Bitwise Asset Management has unveiled plans to allocate 10% of the profits generated by its Bitwise Bitcoin ETF (BITB) to support Bitcoin open-source development.

On Tuesday, the Securities and Exchange Commission’s (SEC) official X account was apparently hacked, with a tweet falsely claiming that Bitcoin ETF applications had been approved. The ensuing chaos following the false tweet demonstrated the ongoing anticipation surrounding this long-awaited development.

On Tuesday evening, the official X account of the U.S. Securities and Exchange Commission (SEC) was hacked and posted an unauthorized message stating that regulators had approved a Bitcoin exchange-traded fund (ETF).

Wednesday, January 10, 2024 – Crypto markets are alive with anticipation for the U.S. Security and Exchange Commission’s long-awaited decision on spot Bitcoin ETFs, and eagle-eyed traders are targeting Bitcoin ETF Token (BTCETF) as the perfect beta play – here’s why.

A new analysis has revealed that the recent Bitcoin price crash was a reaction to what was believed to be genuine news of spot ETFs getting approved, resulting in a classic “sell the news event.”

The spot Bitcoin exchange-traded fund (ETF) competition is heating up as major issuers including Fidelity submitted revisions to lower their fees.

The token dipped to $46,850 as of 1:05 p.m. Tuesday in Singapore after a 6.5% jump on Monday in the US to a 21-month high. Bitcoin’s new year climb now stands at 10%, contrasting with drops over the same period in stocks and gold. The crypto market expects a green light for US spot Bitcoin ETFs by a Jan. 10 deadline. Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, and the regulator has until Wednesday to take action on at least one of the applications. Speculators are wagering that the agency will announce a slew of decisions at once to avoid handing out a first-mover advantage. If the funds are approved, the next question is how much money they will woo. Bitcoin is up 173% in the past 12 months in a sign that traders anticipate wider adoption of the token.

Bitcoin ETF hype is currently pushing prices higher, but behind the scenes, a key indicator is flashing bullish with the potential to spark additional gains. After an absence of over 8 years, analysis shows the Bitcoin price is preparing to repeat a rare bullish chart pattern not seen since its epic rally in 2016.

Two CEOs of spot Bitcoin ETF applicants have come forward to state that they believe their firms’ ETFs should start trading on Thursday, according to recent media appearances made by the crypto executives.

In the recent wave of amended S-1 filings by multiple asset managers on January 8, the notable absence of digital asset management firm Hashdex has caught the attention of industry observers.

The open interest in Bitcoin futures contracts across the entire network has surged to 435,700 BTC, approximately valued at $20.443 billion.

Bitcoin started the new year by surging past the $45,000 mark, a milestone not seen in 21 months. A positive outlook on the potential approval of Bitcoin spot ETFs and the upcoming April halving drove this upward momentum. However, a setback occurred on Wednesday when Matrixport's report suggested that the SEC might reject Bitcoin spot ETF proposals, triggering a market dip across various cryptocurrencies.

Standard Chartered Bank has predicted a significant surge in Bitcoin‘s value, reaching up to $200,000 in 2025 following potential spot Bitcoin exchange-traded fund (ETF) approvals.

The Bitcoin (BTC) price just vaulted above $47,000 for the first time since April 2022 as FOMO comes in ahead of the expected approval of spot Bitcoin ETFs by the US SEC later in the week.