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Bitcoinetf

All articles tagged with #bitcoinetf

finance-and-investment2 years ago•4 min saved

"Exploring the Launch of Bitcoin ETFs: Fees, Benefits, and the Hype"

The SEC is poised to potentially approve spot Bitcoin ETFs, which would allow investors to track the value of Bitcoin more closely than derivative-based funds. These ETFs are expected to have lower expense ratios compared to existing Bitcoin investment products, with fees ranging from 0.39% to 0.8%. The approval of these ETFs could simplify the process of investing in Bitcoin, especially for those looking to diversify their retirement portfolios, and offer a more secure and convenient way to invest in the cryptocurrency. Despite the fees, the cost of investing in a Bitcoin ETF is considered reasonable and could be a worthwhile option for investors.

via Yahoo Finance|

##bitcoin #bitcoinetf

finance-and-business2 years ago•2 min saved

"BlackRock's Anticipated Bitcoin ETF Approval Could Ignite a $2 Billion Crypto Investment Surge"

BlackRock, the world's largest asset manager, anticipates the SEC's approval of its spot Bitcoin ETF application next Wednesday, as reported by Fox Business. This move could potentially bring billions into the cryptocurrency sector and reflects the market's enthusiasm for direct bitcoin trading products. However, there are concerns about the volatility and regulation of Bitcoin, with some groups warning against the approval. BlackRock is also planning to reduce its workforce by 3%, which amounts to around 600 jobs.

via The Block - Crypto News|

##bitcoinetf #blackrock

finance-and-cryptocurrency2 years ago•3 min saved

"BlackRock and JPMorgan Lead Financial Titans in Historic Bitcoin ETF Moves Amid Crypto Price Surge"

BlackRock is reportedly preparing a $2 billion investment for its spot bitcoin ETF if approved, potentially surpassing expectations amid a broader cryptocurrency market surge that has seen the combined value of major coins like ethereum, XRP, and solana exceed $1.6 trillion. The crypto community is eagerly anticipating the SEC's decision on the ETF applications, with the potential for significant market impact. Approval could lead to a substantial influx of institutional money into bitcoin, while a denial or delay could negatively affect its price.

via Forbes|

##bitcoinetf #bitcoinhalving

finance-and-business2 years ago•2 min saved

"Anticipation Grows as Final Bitcoin ETF Approvals Loom, Exchanges Update Filings"

The U.S. Securities and Exchange Commission (SEC) is reportedly close to approving spot Bitcoin ETFs following last-minute document revisions, with expectations of approval by mid-next week. Coinbase is planning to expand into EU crypto derivatives trading through an acquisition, pending regulatory approval. South Korea is considering a ban on purchasing cryptocurrency with credit cards to prevent illegal fund outflows and money laundering. North Korean hackers have stolen a significant amount of cryptocurrency in 2023, and YouTube personality Logan Paul is offering to buy back NFTs from his failed CryptoZoo game to compensate investors.

via DLNews|

##bitcoinetf #coinbase

finance-and-cryptocurrency2 years ago•1 min saved

"Bitcoin's Resilient Surge: Analysts Predict $500K Peak Amid ETF Buzz and Institutional Inflows"

John Bollinger, the renowned trader and creator of Bollinger Bands, has predicted a bullish future for Bitcoin, suggesting it will "break higher" from its current price. Despite a recent drop to $40,000, partly due to concerns over the SEC's potential rejection of Bitcoin ETF applications, Bitcoin has shown signs of recovery, breaking the $43,000 resistance level. The cryptocurrency market is closely watching the SEC's upcoming decisions on Bitcoin ETFs, with industry experts maintaining a positive outlook on potential approvals.

via Investing.com|

##bitcoin #bitcoinetf

financecryptocurrency2 years ago•0 min saved

"Walgreens Dividend Cut Amidst Dow Challenges and Bitcoin ETF Speculations"

The Securities and Exchange Commission (SEC) may approve the first Bitcoin exchange-traded funds (ETFs) soon, with financial giants like Fidelity and Invesco indicating through early filings that these ETFs may not yield high profits immediately. Fee wars are emerging as firms prepare for the launch of these cryptocurrency investment products.

via Barron's|

##bitcoinetf #cryptocurrency

finance-and-business2 years ago•2 min saved

"Anticipation Rises for Imminent U.S. Decision on Spot Bitcoin ETFs"

The U.S. Securities and Exchange Commission (SEC) is close to approving spot bitcoin ETFs after last-minute discussions with issuers regarding final wording changes in the S-1 prospectus documents. If minor amendments are made by Monday, approval could come as early as next week. This would mark the first time spot bitcoin ETFs are approved in the U.S., following multiple rejections since 2013 due to concerns over market manipulation. Firms like BlackRock, Fidelity, and WisdomTree are among those awaiting the SEC's decision.

via Reuters.com|

##bitcoinetf #cryptocurrency

finance-and-business2 years ago•1 min saved

"U.S. Exchanges Post Final Bitcoin ETF Filings Amid Market Buzz and Scaramucci's Optimism"

Major U.S. exchanges have filed amended documents for the launch of spot bitcoin ETFs, indicating an anticipation of SEC approval. BlackRock, Grayscale, Fidelity, and other issuers have addressed SEC feedback in their filings, with a final deadline for at least one application on January 10. While approval is not guaranteed, optimism is high among issuers, and SEC commissioners are expected to vote on the matter next week. Approval of both 19b-4 and S-1 filings is required before the ETFs can launch.

via CoinDesk|

##bitcoinetf #cryptocurrency

financecryptocurrency2 years ago•8 min saved

"Bitcoin's Rally and ETF Buzz: Analyzing the Surge and Future Predictions"

The potential approval of a spot Bitcoin ETF in the United States could significantly impact BTC prices, with expectations of higher prices this year and beyond. Bitcoin's original vision as a peer-to-peer payment system is challenged by high transaction fees and scalability issues, pushing users towards custodial solutions. Despite this, Bitcoin's role as a settlement layer remains strong, with substantial daily transfer volumes. Financial advisors show interest in BTC but are cautious due to regulatory concerns and the lack of an ETF. Analysts predict a pullback in BTC price before the halving, but any significant dips are viewed as buying opportunities, with the long-term outlook for BTC as a fiat-hedging instrument remaining positive. The article suggests that while self-custody is preferred, the reality of high fees may make ETFs a more practical solution for many investors.

via Seeking Alpha|

##bitcoinetf #btc

finance-and-business2 years ago•3 min saved

"Bitcoin ETF Anticipation Grows as SEC Decision Looms and Investors Speculate on Market Impact"

Cryptocurrency investors are on the edge of their seats as the SEC nears a decision on the approval of spot bitcoin ETFs, with 13 companies having filed applications. The ruling will involve assessing both the 19b-4 filings, which require a rule change for the new product to trade, and the S-1 filings, which register the new security. Fee structures among the applicants vary, with some yet to be announced. The SEC's broader role in crypto regulation remains a contentious issue, highlighted by ongoing legal battles with major industry players. Key figures such as ARK Invest's Cathie Wood are closely following the developments, with Wood appearing on CNBC's Halftime Report and ETF Edge to discuss the matter.

via CNBC|

##bitcoinetf #cryptocurrency

finance-and-cryptocurrency2 years ago•10 min saved

"Bitcoin ETFs Edge Closer to Reality, Poised to Transform Crypto Investing Landscape"

The cryptocurrency market is poised for a significant change with the anticipated regulatory approval of spot bitcoin ETFs, which will allow direct holding of bitcoin assets. This move is expected to attract institutional investors and potentially increase the inflow of capital into the crypto space. While some analysts predict a short-term "sell-the-news" event, the long-term outlook remains bullish with predictions of bitcoin reaching new all-time highs. The upcoming bitcoin halving event in 2024 is also expected to impact the price and mining dynamics. Despite some concerns about institutional participation potentially harming the bitcoin network, the overall sentiment is that these developments will be positive for the cryptocurrency landscape.

via Investor's Business Daily|

##bitcoinetf #bitcoinhalving

finance-and-business2 years ago•2 min saved

"Bitcoin ETF Approval Anticipation Spurs Market Movements and Fee Considerations"

As the approval of spot bitcoin ETFs looms, the management fees announced by applicants are becoming a focal point for investors. With all ETFs holding the same asset, bitcoin, the expense ratio is a key differentiator. Invesco and Galaxy have introduced a temporary fee waiver, while Fidelity offers the lowest ongoing fee at 0.39%. Industry experts believe that fees will be a critical factor in the competitiveness of these ETFs, with BlackRock's anticipated fee level being a particularly important development given its market influence.

via CoinDesk|

##assetmanagement #bitcoinetf

finance-and-cryptocurrency2 years ago•2 min saved

"Market Anticipates SEC Decision on Pioneering Bitcoin ETFs"

Grayscale, VanEck, and ARK have registered their Bitcoin ETFs to trade on various exchanges, with Grayscale aiming for NYSE Arca, VanEck for Cboe, and ARK in partnership with 21Shares also for Cboe. These registrations are a step forward, but the SEC's approval is still pending. The industry is highly anticipative of a potential SEC green light, which would allow U.S. investors to gain Bitcoin exposure through ETFs. Despite a recent Bitcoin price drop due to speculation over SEC rejections, the price has since recovered. The SEC has been in talks with exchanges, possibly preparing for Bitcoin ETF listings.

via Decrypt|

##arkinvest #bitcoinetf

finance-and-cryptocurrency2 years ago•5 min saved

"Bitcoin ETF Hopes Rise as Market Awaits SEC Decision Amidst Price Recovery"

The cryptocurrency industry is awaiting the SEC's decision on the approval of 14 spot bitcoin ETFs, which would allow investors to trade bitcoin exposure like a stock, potentially integrating it into mainstream investment vehicles like 401(k)s and IRAs. Wall Street giants such as BlackRock and Franklin Templeton, along with crypto-focused firms, have applied for these ETFs. The SEC has historically denied such applications due to concerns over market manipulation, but there is optimism in the crypto community that the regulator may approve all applications simultaneously. This anticipation has contributed to a significant rise in bitcoin's price, though skepticism remains, with some analysts predicting potential rejections and subsequent price drops. The SEC's first deadline for a decision is January 10, with others extending to April.

via Yahoo Finance|

##bitcoinetf #cryptocurrency

finance-and-business2 years ago•1 min saved

"Goldman Sachs and BlackRock Poised to Shape Future of Bitcoin ETFs Amid SEC Speculation"

Goldman Sachs is in discussions to become an authorized participant for BlackRock and Grayscale's proposed bitcoin ETFs, which would position the bank as a significant entity in the management of these funds. This comes amid growing investor anticipation for the SEC's potential approval of the first U.S. spot bitcoin ETF, with some expecting a decision before January 10. However, skepticism remains, with predictions from crypto firm Matrixport suggesting a possible decline in bitcoin prices if the SEC rejects the applications. Meetings between SEC staff and stock exchange officials have fueled speculation about an imminent ETF approval.

via Markets Insider|

##bitcoinetf #blackrock