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SEC Boss Gary Gensler Breaks Silence on Ethereum ETFs
SEC Chairman Gary Gensler drops cryptic remarks on Ethereum ETF approval process, leaving investors on edge
In a recent appearance on CNBC, SEC Chairman Gary Gensler provided insights into the expected timeline for the review of the spot Ethereum ETF S-1 reports. Eleanor Terrett, a reporter at Fox Business, relayed this as an indication that the review process is expected to be lengthy, potentially causing delays in the approval process for Ethereum ETFs.
As a reminder, last Friday marked a significant deadline as spot Ethereum ETF issuers, including industry giants BlackRock and VanEck, submitted their initial draft S-1 forms to the SEC. The regulator will now begin the review process, providing feedback and requesting amendments. Industry insiders expect at least two rounds of draft filings before a final decision is made.
🚨NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8
— Eleanor Terrett (@EleanorTerrett) June 5, 2024
In contrast to the relatively straightforward path of #BitcoinETF💰💰💰 approvals, the altcoin landscape appears to be murkier, according to market participants. While unanimous approval would mark a pivotal moment for the market, recent events have created uncertainty. For example, Hashdex's withdrawal of its application for undisclosed reasons has left market participants questioning the overall trajectory of Ethereum ETFs.
Attention now shifts to the SEC's stance on the crypto market and the ongoing developments in #BitcoinETFs! , as liquidity in traditional financial markets is hundreds of times greater than cryptocurrency. On one side, that does not mean that investors would want to increase their risk by switching to altcoins, and vice versa - they may shift some funds from #BitcoinETFs in a search of extra profits.
#BnbAth #StartInvestingInCrypto
SEC Chairman Gary Gensler drops cryptic remarks on Ethereum ETF approval process, leaving investors on edge
In a recent appearance on CNBC, SEC Chairman Gary Gensler provided insights into the expected timeline for the review of the spot Ethereum ETF S-1 reports. Eleanor Terrett, a reporter at Fox Business, relayed this as an indication that the review process is expected to be lengthy, potentially causing delays in the approval process for Ethereum ETFs.
As a reminder, last Friday marked a significant deadline as spot Ethereum ETF issuers, including industry giants BlackRock and VanEck, submitted their initial draft S-1 forms to the SEC. The regulator will now begin the review process, providing feedback and requesting amendments. Industry insiders expect at least two rounds of draft filings before a final decision is made.
🚨NEW: @SECGov Chairman @GaryGensler says the next step in the $ETH ETF approvals “will take some time,” possibly indicating a potential slow-walk of the S-1 approval process. https://t.co/iwfN9vvmt8
— Eleanor Terrett (@EleanorTerrett) June 5, 2024
In contrast to the relatively straightforward path of #BitcoinETF💰💰💰 approvals, the altcoin landscape appears to be murkier, according to market participants. While unanimous approval would mark a pivotal moment for the market, recent events have created uncertainty. For example, Hashdex's withdrawal of its application for undisclosed reasons has left market participants questioning the overall trajectory of Ethereum ETFs.
Attention now shifts to the SEC's stance on the crypto market and the ongoing developments in #BitcoinETFs! , as liquidity in traditional financial markets is hundreds of times greater than cryptocurrency. On one side, that does not mean that investors would want to increase their risk by switching to altcoins, and vice versa - they may shift some funds from #BitcoinETFs in a search of extra profits.
#BnbAth #StartInvestingInCrypto
💵 Flows into spot #BitcoinETFs yesterday = $886,750,000!
4.06 saw the second largest daily #inflows into #BitcoinETFs! since launch.
#BnbAth #StartInvestingInCrypto
4.06 saw the second largest daily #inflows into #BitcoinETFs! since launch.
#BnbAth #StartInvestingInCrypto
#inflows into spot #BitcoinETFs continued for the 15th day in a row
📈 On June 3, inflows into 11 approved spot #BitcoinETFs! totaled $105.1 million. The positive trend continued for 15 days in a row, according to SoSoValue. 💰 During this period, the segment attracted $2.28 billion. Since the registration of products — $13.96 billion.
👀 A longer trend (at 17 trading days) was observed only once — in January, after the launch of ETF trading. But the rate of receipts has significantly decreased compared to the peak values of March. 🤷
✔️ According to BitcoinTreasuries, the total volume of bitcoin products at the disposal of issuers reached 1,035,233 $BTC ($71.4 billion), which is equivalent to 4.93% of the bitcoin emission. Specifically, #BlackRock 's IBIT owns 291,563 BTC (1.39%), GBTC owns 286,957 BTC (1.37%).🧐
#BnbAth
📈 On June 3, inflows into 11 approved spot #BitcoinETFs! totaled $105.1 million. The positive trend continued for 15 days in a row, according to SoSoValue. 💰 During this period, the segment attracted $2.28 billion. Since the registration of products — $13.96 billion.
👀 A longer trend (at 17 trading days) was observed only once — in January, after the launch of ETF trading. But the rate of receipts has significantly decreased compared to the peak values of March. 🤷
✔️ According to BitcoinTreasuries, the total volume of bitcoin products at the disposal of issuers reached 1,035,233 $BTC ($71.4 billion), which is equivalent to 4.93% of the bitcoin emission. Specifically, #BlackRock 's IBIT owns 291,563 BTC (1.39%), GBTC owns 286,957 BTC (1.37%).🧐
#BnbAth
The $BTC ETF experienced an impressive total net inflow of $105,000,000 yesterday 🚀
What's even more remarkable is that this marks the 15th consecutive day of inflows into the ETF.
The consistent investor interest is a strong indication of the growing confidence in Bitcoin as a valuable investment.
As more investors recognize the potential of Bitcoin and seek exposure to the cryptocurrency market, we can expect further developments and exciting opportunities ahead.
#cryptoinvesting #BitcoinETFs! #BlackRock #StartInvestingInCrypto
What's even more remarkable is that this marks the 15th consecutive day of inflows into the ETF.
The consistent investor interest is a strong indication of the growing confidence in Bitcoin as a valuable investment.
As more investors recognize the potential of Bitcoin and seek exposure to the cryptocurrency market, we can expect further developments and exciting opportunities ahead.
#cryptoinvesting #BitcoinETFs! #BlackRock #StartInvestingInCrypto
🚀 Will SEC Approve Bitcoin ETF in the Next 7 Days? Exploring the Probability 🕒💼
As Bitcoin soars past $45,000, marking a 6% surge in value and a bullish start to 2024, all eyes are on the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). 📈 What are the odds, and what does this mean for the crypto market? Let's dive into the possibilities.
1. Bitcoin's Bullish Kickoff in 2024: Fuelled by ETF Anticipation!
With Bitcoin crossing key thresholds, optimism around its mainstream acceptance and the awaited ETF approval is driving the surge. 🌐 However, analysts caution about a potential price correction post-approval, emphasizing the need to monitor Bitcoin's response to regulatory changes in the coming days.
2. SEC's Review and Potential Decision Window: January 9 or 10, 2024?
The SEC is in the final stages of reviewing S-1 forms submitted by major entities like BlackRock, Invesco, and Valkyrie for the Bitcoin ETF. Eleanor Terrett's insights suggest a potential approval window around January 9 or 10, 2024, based on past approval timelines. The regulatory intricacies and holiday break might slightly extend the final approval into the early days of that week.
🔍 Insights from SEC Analysts: Mixed Expectations Amid Delay
Despite initial optimism, the likelihood of approval before January 6, 2024, seems less probable. However, Bitcoin's recent 5% surge within 24 hours reflects the market's optimism, even in anticipation of a delayed approval. Investors and enthusiasts eagerly await Bitcoin's breakthrough into the ETF market.
🌟 Stay Informed, Stay Ready! For Real-time Updates, Follow The Blockopedia! 🚀📰
#BitcoinETFs! #BitcoinPrice2024 #BitcoinBullRally2024 #Cryptocurrency #crypto2024
As Bitcoin soars past $45,000, marking a 6% surge in value and a bullish start to 2024, all eyes are on the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). 📈 What are the odds, and what does this mean for the crypto market? Let's dive into the possibilities.
1. Bitcoin's Bullish Kickoff in 2024: Fuelled by ETF Anticipation!
With Bitcoin crossing key thresholds, optimism around its mainstream acceptance and the awaited ETF approval is driving the surge. 🌐 However, analysts caution about a potential price correction post-approval, emphasizing the need to monitor Bitcoin's response to regulatory changes in the coming days.
2. SEC's Review and Potential Decision Window: January 9 or 10, 2024?
The SEC is in the final stages of reviewing S-1 forms submitted by major entities like BlackRock, Invesco, and Valkyrie for the Bitcoin ETF. Eleanor Terrett's insights suggest a potential approval window around January 9 or 10, 2024, based on past approval timelines. The regulatory intricacies and holiday break might slightly extend the final approval into the early days of that week.
🔍 Insights from SEC Analysts: Mixed Expectations Amid Delay
Despite initial optimism, the likelihood of approval before January 6, 2024, seems less probable. However, Bitcoin's recent 5% surge within 24 hours reflects the market's optimism, even in anticipation of a delayed approval. Investors and enthusiasts eagerly await Bitcoin's breakthrough into the ETF market.
🌟 Stay Informed, Stay Ready! For Real-time Updates, Follow The Blockopedia! 🚀📰
#BitcoinETFs! #BitcoinPrice2024 #BitcoinBullRally2024 #Cryptocurrency #crypto2024
🚀If You Invested $1,000 In Bitcoin At The Last Bitcoin Halving, Here's How Much You'd Have Today! 💰
As Bitcoin prepares for its next halving in April 2024, let's take a glance back at the remarkable gains since the last halving event. 📉📈
1. Bitcoin's Halving Cycle: Creating History Every Four Years!
A Bitcoin halving, occurring roughly every four years, involves a reduction in block rewards, aiming to control synthetic price inflation. The third halving, on May 11, 2020, saw the block reward decrease from 12.5 Bitcoin to 6.25 Bitcoin, setting the stage for the cryptocurrency's journey.
2. Investing $1,000: The Road to Nearly 400% Returns!
For those who invested $1,000 in Bitcoin on the last halving date, May 11, 2020, when prices ranged between $8,374.32 and $9,033.47, they could have acquired approximately 0.1107 BTC at the highest price.
Fast forward to today, with Bitcoin trading at $45,126.62, that initial $1,000 investment would be worth an impressive $4,995.52!
🚀 This represents an astounding gain of 399.6% in just three and a half years.
📊 Bitcoin's Historical Performance: From $12 to $1,217 in One Year!
It's worth noting the remarkable historical surges post-halving events. After the first halving in 2012, Bitcoin skyrocketed from $12 to $1,217 within a year. The cyclic nature of halvings has continued to make Bitcoin increasingly volatile but often leads to significant price surges.
🔮 What's Next for Bitcoin in 2024? Stay Informed! 🌐💡
#BitcoinPrice2024 #BitcoinPrediction #BitcoinETFs! #Cryptocurrency #crypto2024
As Bitcoin prepares for its next halving in April 2024, let's take a glance back at the remarkable gains since the last halving event. 📉📈
1. Bitcoin's Halving Cycle: Creating History Every Four Years!
A Bitcoin halving, occurring roughly every four years, involves a reduction in block rewards, aiming to control synthetic price inflation. The third halving, on May 11, 2020, saw the block reward decrease from 12.5 Bitcoin to 6.25 Bitcoin, setting the stage for the cryptocurrency's journey.
2. Investing $1,000: The Road to Nearly 400% Returns!
For those who invested $1,000 in Bitcoin on the last halving date, May 11, 2020, when prices ranged between $8,374.32 and $9,033.47, they could have acquired approximately 0.1107 BTC at the highest price.
Fast forward to today, with Bitcoin trading at $45,126.62, that initial $1,000 investment would be worth an impressive $4,995.52!
🚀 This represents an astounding gain of 399.6% in just three and a half years.
📊 Bitcoin's Historical Performance: From $12 to $1,217 in One Year!
It's worth noting the remarkable historical surges post-halving events. After the first halving in 2012, Bitcoin skyrocketed from $12 to $1,217 within a year. The cyclic nature of halvings has continued to make Bitcoin increasingly volatile but often leads to significant price surges.
🔮 What's Next for Bitcoin in 2024? Stay Informed! 🌐💡
#BitcoinPrice2024 #BitcoinPrediction #BitcoinETFs! #Cryptocurrency #crypto2024
VanEck advisor unveils key potential in Spot Bitcoin ETF, anticipating institutional influx and a pa
#tia Renowned #VanEck Advisor, Gabor Gurbacs, recently shared insights on the transformative impact of Bitcoin Exchange-Traded Funds (#ETFs ) on the global financial landscape. His comments have gained notable traction from crypto market enthusiasts, especially amid the speculations over a potential approval date for the Spot #BitcoinETF💰💰💰 .Meanwhile, in a series of posts on January 6, 2024, Gurbacs emphasized the significance of Bitcoin ETFs attracting institutional investments, anticipating a potential paradigm shift in the crypto market.VanEck Advisor Unveils Long-Term Vision For Spot Bitcoin ETFA renowned figure in the crypto space, Gabor Gurbacs caught the eyes of investors on Saturday, January 6, with his long-term predictions on the Spot Bitcoin ETF. Notably, his posts come amid a time when global traders are bracing for next week’s potential approval of Spot Bitcoin ETFs from the U.S. SEC.In a recent post, Gabor Gurbacs outlined a broader perspective on Bitcoin ETFs, stating that the short-term flows, whether $500 million or $5 billion, pale in comparison to the monumental shift that could occur in the long run. He emphasized that with approximately $500 trillion in global assets gaining exposure to Bitcoin, a mere 0.5% global allocation could unleash $2.5 trillion in flows.In addition, the analysis is coupled with the ongoing appreciation, additional fund investments, and the accompanying influx of credit due to Spot Bitcoin ETF speculations. Notably, the VanEck advisor cited the above-mentioned reasons as the driving force behind the keen interest of large institutions.Unveiling Indirect Investors and Collateral ImpactReferencing a post by crypto market enthusiast John Brown, Gurbacs shed light on ETFs’ less-discussed but pivotal roles. He highlighted the expectation that ETFs would not only attract new direct investors but also draw in indirect investors, such as funds.In addition, Gurbacs underlined the often-overlooked aspect that ETFs could serve as collateral, resulting in a significant inflow of credit into the crypto market. As anticipation builds for potential ETF approvals in the coming week, Gurbacs drew attention to the East-West institutional accumulation race.Noting Hong Kong’s move towards granting ETF licenses, he emphasized that this competition with the U.S. is made possible with China’s support, adding a geopolitical dimension to the evolving crypto landscape. Meanwhile, in a final reflection, Gabor Gurbacs acknowledged the unparalleled anticipation surrounding #BitcoinETFs! , emphasizing that no other financial instrument has garnered as much attention from investors and issuers over the past decade.As the crypto market braces for potential regulatory developments, the prospect of Bitcoin ETFs stands poised to reshape the dynamics of institutional participation in the digital asset realm.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @WISE CRYPTO NEWS
Spot Bitcoin ETF Crossroads: BTC Hangs in the Balance of SEC Decision
According to Bitcoin Price prediction, Bitcoin surged to a 19-month high above $48,000 following signals from the SEC's official account on X indicating potential approval of the bitcoin ETF.Optimism waned as the bitcoin price rapidly dropped by nearly 6.20%, settling at the $45,000 support level, signaling a compromise of the SEC's account.On the daily chart, bitcoin price initially broke a bullish ascending channel pattern but failed to sustain the breakout, reverting back into the pattern.Despite the setback, BTC Price found support around $45,000 and the 100 Hourly Moving Average, leading to a reversal in its direction.Subsequently, Bitcoin price entered a consolidation phase, awaiting further SEC decision.The future trajectory of BTC's price is contingent on the decision regarding the Bitcoin ETF, introducing uncertainty about whether it will ascend to $50,000 or descend to $40,000 levels.
KEY LEVELS :
RESISTANCE LEVEL : $47,000-$48,300
SUPPORT LEVEL : $44,700-$43,200
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#BTC #etf #BitcoinETFs! #dyor #crypto2024 @Coingabbar Analysis $BTC
KEY LEVELS :
RESISTANCE LEVEL : $47,000-$48,300
SUPPORT LEVEL : $44,700-$43,200
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#BTC #etf #BitcoinETFs! #dyor #crypto2024 @Coingabbar Analysis $BTC
Cryptocurrency Surge: Unveiling the Momentum Behind Avalanche, ENS, and Ethereum Classic
1. Market Slowdown Post Bitcoin ETF Launch:
- The crypto market, excluding Ethereum, experiences a general slowdown following the lackluster launch of the Bitcoin ETF.
2. Ethereum Affiliated Tokens Defying Trends:
- Despite the market sluggishness, tokens associated with Ethereum, such as ENS, Avalanche, and Ethereum Classic, exhibit resilience and promise.
3. ENS Soars with Vitalik Buterin's Endorsement:
- ENS (Ethereum Name Service) records an impressive 183% surge in one month after receiving an endorsement from Vitalik Buterin, indicating potential for further growth beyond the $25 resistance.
4. Avalanche's Remarkable 120% Gain in a Year:
- Avalanche, another Ethereum-affiliated token, showcases a remarkable 120% gain over the last year and is currently setting sights on reaching the $75 mark.
5. Ethereum Classic Emerges as a Top Gainer:
- Ethereum Classic stands out as the second-largest gainer of the week, boasting a 43% increase and potentially aiming for a target of $37.
The cryptocurrency market is currently experiencing significant volatility, particularly noticeable in major players like Bitcoin and Ethereum, which have seen a decline in value over the past week. This dip follows the lackluster debut of spot Bitcoin ETFs in the United States, causing Bitcoin to drop from nearly $50,000 to around $42,000, and Ethereum from $2,700 to approximately $2,500.
Amidst this market turbulence, a distinctive class of cryptocurrencies is demonstrating resilience and potential for substantial price surges. Notably, Ethereum-affiliated tokens such as Avalanche, Ethereum Classic, and ENS are standing out.
ENS Token's Remarkable Surge:
ENS, previously battered during the 2022 crypto winter, experienced an 80% decline in the third quarter of 2023. However, recent developments, including Ethereum co-founder Vitalik Buterin's endorsement, have sparked a remarkable turnaround. ENS has surged by an impressive 183% in the last month, currently testing the $25 resistance. If this level is breached, a potential 53% rally to the $38 zone could be on the horizon.
Avalanche's Potential Rally to $75:
Avalanche, with a robust 120% gain over the last year, has been notably resilient in the face of recent market sluggishness. The announcement of the "Culture Catalyst" initiative, introducing memecoins, contributed to its positive momentum. Despite a recent 8.7% increase, Avalanche's true potential lies in breaking the $49 high. If successful, the next major resistance to watch is around $75, signaling a significant bullish trend.
Ethereum Classic's Strong Performance:
Ethereum Classic has shown remarkable strength, gaining 43% in the last week, making it the second-largest gainer according to CoinMarketCap. Despite a decline from $32, Ethereum Classic is displaying signs of a bullish rebound from its ascending trendline. If this pattern holds, the next resistance point is projected at $37, representing a potential 36% rally from current prices.
Disclaimer: While Voice of Crypto strives for accuracy, readers are urged to conduct their own research and exercise caution due to the highly volatile nature of cryptocurrencies. The information provided is for informational purposes only, and Voice of Crypto is not liable for any missing facts or inaccuracies. Financial decisions should be made independently, considering individual risk tolerance and market conditions.
#crypto2023 #cryptocurrency #BitcoinETFapproved #BitcoinETFs! #BitcoinETF
$BTC
- The crypto market, excluding Ethereum, experiences a general slowdown following the lackluster launch of the Bitcoin ETF.
2. Ethereum Affiliated Tokens Defying Trends:
- Despite the market sluggishness, tokens associated with Ethereum, such as ENS, Avalanche, and Ethereum Classic, exhibit resilience and promise.
3. ENS Soars with Vitalik Buterin's Endorsement:
- ENS (Ethereum Name Service) records an impressive 183% surge in one month after receiving an endorsement from Vitalik Buterin, indicating potential for further growth beyond the $25 resistance.
4. Avalanche's Remarkable 120% Gain in a Year:
- Avalanche, another Ethereum-affiliated token, showcases a remarkable 120% gain over the last year and is currently setting sights on reaching the $75 mark.
5. Ethereum Classic Emerges as a Top Gainer:
- Ethereum Classic stands out as the second-largest gainer of the week, boasting a 43% increase and potentially aiming for a target of $37.
The cryptocurrency market is currently experiencing significant volatility, particularly noticeable in major players like Bitcoin and Ethereum, which have seen a decline in value over the past week. This dip follows the lackluster debut of spot Bitcoin ETFs in the United States, causing Bitcoin to drop from nearly $50,000 to around $42,000, and Ethereum from $2,700 to approximately $2,500.
Amidst this market turbulence, a distinctive class of cryptocurrencies is demonstrating resilience and potential for substantial price surges. Notably, Ethereum-affiliated tokens such as Avalanche, Ethereum Classic, and ENS are standing out.
ENS Token's Remarkable Surge:
ENS, previously battered during the 2022 crypto winter, experienced an 80% decline in the third quarter of 2023. However, recent developments, including Ethereum co-founder Vitalik Buterin's endorsement, have sparked a remarkable turnaround. ENS has surged by an impressive 183% in the last month, currently testing the $25 resistance. If this level is breached, a potential 53% rally to the $38 zone could be on the horizon.
Avalanche's Potential Rally to $75:
Avalanche, with a robust 120% gain over the last year, has been notably resilient in the face of recent market sluggishness. The announcement of the "Culture Catalyst" initiative, introducing memecoins, contributed to its positive momentum. Despite a recent 8.7% increase, Avalanche's true potential lies in breaking the $49 high. If successful, the next major resistance to watch is around $75, signaling a significant bullish trend.
Ethereum Classic's Strong Performance:
Ethereum Classic has shown remarkable strength, gaining 43% in the last week, making it the second-largest gainer according to CoinMarketCap. Despite a decline from $32, Ethereum Classic is displaying signs of a bullish rebound from its ascending trendline. If this pattern holds, the next resistance point is projected at $37, representing a potential 36% rally from current prices.
Disclaimer: While Voice of Crypto strives for accuracy, readers are urged to conduct their own research and exercise caution due to the highly volatile nature of cryptocurrencies. The information provided is for informational purposes only, and Voice of Crypto is not liable for any missing facts or inaccuracies. Financial decisions should be made independently, considering individual risk tolerance and market conditions.
#crypto2023 #cryptocurrency #BitcoinETFapproved #BitcoinETFs! #BitcoinETF
$BTC
🌐 Bitcoin Breaks Top 10 Assets with $842.77 Billion Market Cap
📊 Market Milestone: Bitcoin Surges to 10th Largest Asset Globally
As of the latest analysis by BanklessTimes.com, Bitcoin has achieved a significant milestone by securing the tenth position among the world's most valuable assets, boasting an impressive market cap of over $842.77 billion.
💡 Key Insights:
Bitcoin, recognized as the most widely known cryptocurrency globally, has earned its place among the top assets.
A staggering 90% of respondents in the UK are familiar with Bitcoin, underlining its widespread recognition.
While Gold retains its throne as the world's most significant asset with a market cap of $13.9 trillion, Bitcoin's ascent places it in the league of major players.
🚀 Bitcoin's Remarkable Growth Story:
Bitcoin's Compound Annual Growth Rate (CAGR) stands at an impressive 47% over the past decade, outpacing the growth rates of traditional assets like Gold and USD.
Alice Leetham, a financial analyst at BanklessTimes, sees Bitcoin's current rank as a testament to decentralized technologies reshaping financial systems.
📈 2023: A Year of Resurgence for Bitcoin:
Despite a challenging 2022, marked by a 65% loss in market value due to factors like the fall of FTX, economic recessions, and regulatory crackdowns, Bitcoin has made a robust comeback in 2023.Currently priced at $43,036, Bitcoin's recovery signifies the resilience and adaptability of the cryptocurrency market.
🔮 Future Outlook:
Alice Leetham predicts a promising future for Bitcoin, foreseeing it becoming one of the most valued currencies globally. The ongoing acceptance of crypto and the growing momentum in blockchain technology contribute to this positive outlook.
🌐 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Updates!
#BitcoinETFs! #btcupdates #BTC！ #cryptocurrency #crypto2023
📊 Market Milestone: Bitcoin Surges to 10th Largest Asset Globally
As of the latest analysis by BanklessTimes.com, Bitcoin has achieved a significant milestone by securing the tenth position among the world's most valuable assets, boasting an impressive market cap of over $842.77 billion.
💡 Key Insights:
Bitcoin, recognized as the most widely known cryptocurrency globally, has earned its place among the top assets.
A staggering 90% of respondents in the UK are familiar with Bitcoin, underlining its widespread recognition.
While Gold retains its throne as the world's most significant asset with a market cap of $13.9 trillion, Bitcoin's ascent places it in the league of major players.
🚀 Bitcoin's Remarkable Growth Story:
Bitcoin's Compound Annual Growth Rate (CAGR) stands at an impressive 47% over the past decade, outpacing the growth rates of traditional assets like Gold and USD.
Alice Leetham, a financial analyst at BanklessTimes, sees Bitcoin's current rank as a testament to decentralized technologies reshaping financial systems.
📈 2023: A Year of Resurgence for Bitcoin:
Despite a challenging 2022, marked by a 65% loss in market value due to factors like the fall of FTX, economic recessions, and regulatory crackdowns, Bitcoin has made a robust comeback in 2023.Currently priced at $43,036, Bitcoin's recovery signifies the resilience and adaptability of the cryptocurrency market.
🔮 Future Outlook:
Alice Leetham predicts a promising future for Bitcoin, foreseeing it becoming one of the most valued currencies globally. The ongoing acceptance of crypto and the growing momentum in blockchain technology contribute to this positive outlook.
🌐 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Updates!
#BitcoinETFs! #btcupdates #BTC！ #cryptocurrency #crypto2023
🚨Bitcoin ETF Hopefuls Amend Filings as Deadline Nears✅
🛑 👉 $100 $BTC BITCOIN Crypto Box -
BP9XGPCSFC
( Limited offer...🎁) Code - BP9XGPCSFC
As the deadline for the U.S. Securities and Exchange Commission to approve or deny the novel spot bitcoin ETF approaches, prospective issuers are filing final amendments to their regulatory filings after multiple editing rounds.
The agency told issuers, based on confidential sources, that Friday, Dec. 29 was the last day to amend their spot bitcoin S-1 applications for ETFs, according to Reuters. BlackRock, Invesco, Ark, Grayscale, and others filed amendments Friday, with Fidelity and WisdomTree naming Jane Street as the fund’s broker dealer and Invesco naming JPMorgan and Virtu as their authorized participants.
Issuers that filed new ETF amendments Dec. 29 will likely be included in the first round of launches, which could carry huge first-mover advantages for the novel product.
While various issuers have vied to roll out a spot bitcoin ETF for a decade, the SEC only recently began to seriously work with firms to advance filings toward approval. This began after Grayscale won a watershed lawsuit against the SEC in late August, with a U.S. appeals court ruling that the regulator was wrong to block the company’s conversion of their Grayscale Bitcoin Trust (GBTC) into an ETF.
This left the SEC’s hands tied and opened the door for the debut of ETFs that track physically backed bitcoin.
Spot Bitcoin ETF Race
As crypto specialist issuers such as Bitwise Asset Management and powerful Wall Street players including BlackRock work to woo crypto investors, an unprecedented ETF marketing war has kicked off.
Bitwise broke out of the gate first, releasing their “Most Interesting Man” spinoff commercial earlier this month. Hashdex and VanEck have also both released TV ads.
“It's a marketing game from there, although some people would call it a war,” Cathie Wood, who tops ARK, told etf.com in November.
#BTC #BitcoinETFs! #Cryptocurrrency #ETH #CryptoNews🔒📰🚫
🛑 👉 $100 $BTC BITCOIN Crypto Box -
BP9XGPCSFC
( Limited offer...🎁) Code - BP9XGPCSFC
As the deadline for the U.S. Securities and Exchange Commission to approve or deny the novel spot bitcoin ETF approaches, prospective issuers are filing final amendments to their regulatory filings after multiple editing rounds.
The agency told issuers, based on confidential sources, that Friday, Dec. 29 was the last day to amend their spot bitcoin S-1 applications for ETFs, according to Reuters. BlackRock, Invesco, Ark, Grayscale, and others filed amendments Friday, with Fidelity and WisdomTree naming Jane Street as the fund’s broker dealer and Invesco naming JPMorgan and Virtu as their authorized participants.
Issuers that filed new ETF amendments Dec. 29 will likely be included in the first round of launches, which could carry huge first-mover advantages for the novel product.
While various issuers have vied to roll out a spot bitcoin ETF for a decade, the SEC only recently began to seriously work with firms to advance filings toward approval. This began after Grayscale won a watershed lawsuit against the SEC in late August, with a U.S. appeals court ruling that the regulator was wrong to block the company’s conversion of their Grayscale Bitcoin Trust (GBTC) into an ETF.
This left the SEC’s hands tied and opened the door for the debut of ETFs that track physically backed bitcoin.
Spot Bitcoin ETF Race
As crypto specialist issuers such as Bitwise Asset Management and powerful Wall Street players including BlackRock work to woo crypto investors, an unprecedented ETF marketing war has kicked off.
Bitwise broke out of the gate first, releasing their “Most Interesting Man” spinoff commercial earlier this month. Hashdex and VanEck have also both released TV ads.
“It's a marketing game from there, although some people would call it a war,” Cathie Wood, who tops ARK, told etf.com in November.
#BTC #BitcoinETFs! #Cryptocurrrency #ETH #CryptoNews🔒📰🚫
🚀 Nate Geraci, CEO of ETF Store, predicts that 2024 will revolve around Bitcoin ETFs, expecting them to break records and highlighting BlackRock, Fidelity, and Invesco's significant preparations for success in the BTC spot ETF market. Geraci foresees BlackRock playing a major role in the cryptocurrency sector. 📈🌐 #BitcoinETFs! #CryptocurrencyMarket 🏦🔮
Breaking: Massive Bitcoin ETF Inflows As Supply Dynamics Pushing BTC Price Towards $55K
#Write2Earn Spot Bitcoin ETFs saw the third-largest net inflow of $493.3 million amid massive demand. #BTC price breaks above $50,000STORY HIGHLIGHTSSpot Bitcoin #ETFs saw net inflow of $493.3 millionBlackRock (IBIT), Fidelity (FBTC), and Ark 21Shares Bitcoin ETF recorded the largest inflowsOutflows continues from GBTC and Invesco Galaxy #BitcoinETFs! Bitcoin price can hit $55K amid massive demandSpot Bitcoin ETFs saw another massive inflow of $493.3 million on Monday, the third-largest net inflow to date, as $BTC price breaks above $50,000. Experts believe BTC price rally will continue amid demand build-up from Bitcoin ETFs and derivatives traders.Spot Bitcoin ETF Saw $493.3 Million Net InflowThe new nine and Grayscale’s GBTC spot Bitcoin ETF started the week strongly with a $493.3 million net inflow on February 12, according to the latest Bitcoin ETF flow data.BlackRock (IBIT) recorded a record inflow of $374.7 million, with total inflow reaching over $4.126 billion. BlackRock Bitcoin ETF now has asset holdings worth $4.76 billion.Fidelity (FBTC) and Ark 21Shares (ARKB) Bitcoin ETF inflows were $151.9 million and $40 million, respectively. Bitwise (BITB), VanEck (HODL), and others also saw significant inflows. However, Invesco Galaxy Bitcoin ETF (BTCO) witnessed another outflow of $20.8 million.Moreover, GBTC saw a $95 million outflow, an increase from Friday’s 51.8 million outflow, but it is aligned with last week’s range.Thus, the net inflow for spot Bitcoin ETFs, excluding GBTC, was $589 million. The total inflows for BlackRock and Fidelity Wise Origin Bitcoin ETFs are $4.12 billion and $3.15 billion, respectively. The ETFs are buying 10k Bitcoin per day on top of the standard equilibrium and this is reflected in the price appreciation.Bitcoin Price OutlookBTC price rose beyond $50,000, with high odds of breaking $55,000, which corresponds with a notable flow into Bitcoin ETFs. Crypto Fear & Greed Index hit “extreme greed” with a value of 79, the highest since November 2021.Bitcoin ETF saw a net inflow of $542 million on Friday as investors FOMO the move towards all-time high. The demand from Bitcoin ETFs and derivatives traders continues to rise, but the supply from miners remains low. The paradigm shift in supply dynamics are causing institutional investors to be super bullish on Bitcoin.Bitcoin derivatives traders are even making call bets for as high as $70,000 for the month end. Experts believe new buyers may not get the opportunity to buy BTC under the $50K price if demand remains higher in pre-Bitcoin halving trades.#TrendingTopic
Matrixport has said that if approval is granted, it could be 50k. However, Gary Gensler has not accepted crypto, maybe it’ll be approved in Q2. Tell them to say SEC Chairman rejects if that happens. In case of rejection, ARK and 21Shares might go to court like XRP or attempt again. BlockRock’s date is expected to be similar, and the government is corrupt there, so money can buy anything. Just chill, it was just an idea.
#BTC #BitcoinETFs!
#BTC #BitcoinETFs!
