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COINDESK’S LATEST SPOT BITCOIN ETF APPROVAL COVERAGE

 COINDESK’S LATEST SPOT BITCOIN ETF APPROVAL COVERAGE
Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

BlackRock’s IBIT saw the third-biggest inflow, though the data might be incomplete, analysts pointed out.

BlackRock CEO Larry Fink Backs Ether ETF

The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward token…

Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators

Bitcoin’s experience cautions traders against betting bullish on volatility on the day of the ETF approval.

BTC Tumbles Below $42K, Coinbase and Miners Plunge as Bitcoin ETF Mania Becomes ‘Sell the News’ Rout

Previous landmark events such as Coinbase’s stock exchange listing and ProShares’ futures-based bitcoin ETF debut happened near market tops.

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

BlackRock’s IBIT saw the third-biggest inflow, though the data might be incomplete, analysts pointed out.

BlackRock CEO Larry Fink Backs Ether ETF

The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward token…

Franklin Templeton’s Bitcoin ETF Now the Cheapest After 10 Basis Point Reduction

After initially revealing their fees on Monday, several providers then reduced them spying the impending battle for market share that would ensue once the funds were approved

CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm

CoinShares said the decision is a direct result of the SEC’s approval for spot bitcoin ETF listings.

Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators

Bitcoin’s experience cautions traders against betting bullish on volatility on the day of the ETF approval.

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

Further review and consideration regarding crypto ETFs is planned, the regulator says.

Bitcoin ETFs Secure Approval Exactly 15 Years After Hal Finney’s Iconic ‘Running Bitcoin’ Tweet

Finney, who died in August 2014, was also the first person besides Bitcoin’s pseudonymous creator, Satoshi Nakamoto, to download and run Bitcoin’s software.

Gary Gensler Voted to Approve Bitcoin ETFs, Despite Public Criticism

Three out of five committee members approved the various filings that gave the green light for the first-ever spot bitcoin ETFs to be offered in the U.S.

Bitcoin’s Wall Street Debut Ends in Tears for Futures Traders, Leads to $83M Liquidations

Bitcoin ETFs clocked up some $4.6 billion in volumes on their first day, but market volatility hit futures speculators as prices whipsawed.

The Biggest Bitcoin ETF Threat No One Is Talking About

A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are nee…

UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors

The banking giants’ decisions contrast with Vanguard’s decision to bar customers from buying bitcoin ETFs.

Gary Gensler’s Bitcoin ETF Clown Show

From hacks to unnecessary delays to ungracious statements, the SEC chair has made few friends as he finally approves these in-demand BTC products for the first time.

Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval

ARK Invest’s CEO previously predicted the price would reach $1 million by 2030.

Investment Giant Vanguard Blocks Clients From Buying Bitcoin ETFs

An attempt to purchase BlackRock’s iShares Bitcoin Trust (IBIT) and the Grayscale Bitcoin Trust (GBTC) through Vanguard failed.

Bitcoin ETF Approval Is Historic Moment for BTC, Miners: Analysts

Mining stocks represent an attractive opportunity for investors looking to gain access to the long-term bitcoin adoption trade, the analysts wrote.

Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021

Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.

BlackRock’s Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks

The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.

Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences

Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday’s market open.

Bitcoin ETFs and Wall Street: A Double Milestone

The U.S. listing of ETFs based on spot BTC is more than a milestone for Bitcoin. Noelle Acheson points out that it is also a milestone for Wall Street.

Bitcoin ETFs Too Small to Affect Broader Investment Landscape, Moody’s Analysts Say

The exchange-traded funds will allow better access to bitcoin through regulated entities and draw institutional investors, but the crypto is still a very small asset class, Co…

Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto’s Staunchest Supporters

They make the asset class “less of a scary concept” to mainstream audiences, bitcoin advocate Jameson Lopp said.

Bitcoin Miners May Be Due a Breather After Spot ETF Approval, JPMorgan Says

The total market cap of the listed miners in the bank’s coverage has increased 131% since the end of September, the report said.

Grayscale, BlackRock Top Bitcoin ETF Volume Ranking as Products Debut

Here’s a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.

Ether ETF Hopes Drive Smart Money Bets After Historic Bitcoin ETF Approval

Bets on Ethereum tokens may spark a reversal of fortunes for ETH investors, especially as the token underperformed bitcoin in 2023.

Bitcoin ETF Approval Is Likely to Benefit Institutional Investors: Goldman Sachs

ETFs offer better investor protection, increased liquidity and lower tracking error than closed-end funds and trusts, the report said.

Ben Franklin’s Laser Eyes Suggest a Tough – and Quirky – Battle for Bitcoin ETFs

Franklin Templeton, the $1.5 trillion asset manager, gave its famous logo a glowing, crypto-y tweak after the SEC approved bitcoin ETFs, possibly girding for a tough battle wi…

Bitcoin ETFs: What to Expect on Day One

A decade after they were first proposed, spot bitcoin ETFs are finally launching in the U.S. Here’s what’s next.

Gary Gensler’s Begrudging Bitcoin ETF Concession: ‘We Did Not Approve or Endorse Bitcoin’

The SEC chair said a court forced his hand and that the agency’s decision to greenlight a spot bitcoin ETF doesn’t signal support of that or any other digital asset.

ETF Euphoria Shows Bitcoin Needs Wall Street After All

Is an ETF at odds with Bitcoin’s goal of breaking away from Wall Street? Absolutely. Is that same ETF also necessary for crypto to grow? Also yes.

Bitcoin ETFs Approved: The Industry Reacts

In a milestone for crypto adoption, the SEC today gave the green light to the trading of Bitcoin exchange-traded funds (ETFs). CoinDesk rounded up reaction from across the cry…

Bitcoin Tops $47K, Ether and Grayscale’s GBTC Jump After SEC Approves Spot Bitcoin ETFs

Now, attention turns to how much demand these investment vehicles will attract.

Bitcoin ETF Listings Will Be Quick but Money Flows Could Take Months: 21Shares Co-Founder

Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.

Why Are Bitcoin ETFs Such a Big Deal? Gold Provides a $100 Billion Answer

Gold ETFs revolutionized the gold market and spurred a giant rally. Can bitcoin ETFs do the same?

Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency

The asset management industry has tried launching a spot bitcoin ETF for over a decade. Hopes are high they will lure more investors into crypto.

Cboe Says Bitcoin ETFs to Start Trading Thursday, Though the SEC Hasn’t Approved Them Yet

The exchange’s website listed six bitcoin ETF applicants to start trading tomorrow.

Bitcoin ETF Confusion Abounds

A hacked X/Twitter account and misunderstood filings make for a wild countdown to an expected approval.

How to Buy a Bitcoin ETF

Now that the U.S. Securities and Exchange Commission approved the first crypto exchange-traded funds to hold digital assets, the actual buying may be the easy part.

Beyond the ETF: Crypto Innovations to Watch in 2024

While most market watchers are focused on bitcoin ETFs at the moment, Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) hold a lot of long-ter…

What Is a Bitcoin ETF?

The SEC is expected to decide on Jan. 10, 2024, whether to approve bitcoin ETFs from the likes of BlackRock, Fidelity and others, which would give investors exposure to the bi…

Hacker Seized SEC Phone Number to Post Fake Bitcoin ETF Approval, X Says

The revelation raises questions about the investments regulator’s security protocols.

BTC Supply in Profit Nears 90% as Price Rallies on Expected Bitcoin ETF Approval

Just under half of the bitcoin supply was in profit at the start of last year.

BlackRock, ARK 21Shares Follow Rivals in Cutting Bitcoin ETF Fees

The SEC is expected to approve multiple ETFs at the same time, meaning the different providers will tussle for market share using fee structure as one of the main weapons.

Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to ‘Chancellor on the Brink’ Reference

Jokester pays $2.97 to record the one-liner “SEC Chairman on the brink of second ETF approval” on the blockchain.

Crypto Boosters Attack SEC for ‘Manipulating’ BTC Market After ETF Tweet

Lawmakers and crypto boosters are asking questions about how the SEC’s X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday.

Bitcoin Traders Seek Protection From Price Declines as ETF Deadline Looms: Deribit

Puts are overbought and calls [are] being sold, Deribit’s CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index.

SEC Has Not Approved Bitcoin ETFs, but Its Hacked X Account Briefly Said Otherwise

The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.

Bitcoin ETFs: The Bear Case

Bitcoin exchange traded funds may not actually be approved, due to the SEC’s long-held concerns about market manipulation. And, if they are, they could change the nature of Bi…

Bitcoin ETF Approval Expected Soon, Bears Lose $100M

Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.

BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.

Bitcoin ETFs: The Bull Case

One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here’s how that could play out. In a separate post, we review the bear case, where…

Bitwise Tops Bitcoin ETF Low-Fee Table, While Grayscale Bets on Size

Just one potential spot bitcoin ETF issuer has set a management fee above 1% as many of the others are asking for less than 0.5%.

After Bitcoin ETF Decision, U.S. Debt Announcement May Be Pivotal for Crypto Traders

The Treasury’s next quarterly debt announcement may not turn out as much a tailwind for risk assets as the previous one did.

Bitcoin ETF Approval Odds Raised to Over 90% by Bloomberg Analysts, Drop on Polymarket

Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision.

Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

Releasing them suggests they’re confident the SEC will approve the first U.S. spot bitcoin ETFs soon.

VanEck to Donate 5% of BTC ETF Profits to Bitcoin Core Developers

The company last year made a similar pledge to Ethereum developers with respect to its ether futures ETF.

Bitcoin ETF Fees Will Play Critical Role in the Race to Popularity

So far, only six potential spot bitcoin ETF issuers have revealed their charges, and Fidelity is the cheapest.

Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely

Reports swirled Thursday that the SEC was giving final comments to issuers and may approve multiple spot-based bitcoin ETF applications very soon.

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CoinDesk Staff

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