Including GBTC, ETFs Hold 3.8% of Max Bitcoin Supply:

-XBT Provider’s Bitcoin Tracker One (COINXBT) is the biggest Bitcoin exchange-traded fund (ETF) worldwide, with $7.11 billion in total assets. The Bitcoin futures ETF was launched in Sweden in 2015, and also ranked as the overall top crypto ETF.

-ProShares Bitcoin Strategy ETF (BITO) and Purpose Bitcoin ETF (BTCC) follow further behind, as the second and third biggest Bitcoin ETFs. BITO, a US-incorporated Bitcoin futures ETF, has $1.64 billion in total assets. Meanwhile, Canada-incorporated BTCC is the biggest spot Bitcoin ETF with $1.55 billion in total assets.

-Germany-incorporated ETC Group Physical Bitcoin (BTCE) is the only other Bitcoin ETF with more than a billion in total assets.
14 spot Bitcoin ETFs made it into the top 20 rankings, but only account for a 38.5% share of the total assets. In contrast, the 6 Bitcoin futures ETFs represent a disproportionate 61.6% of total assets, across the 20 biggest Bitcoin ETFs. This perhaps indicates that traditional finance leans toward derivatives for Bitcoin exposure, rather than Bitcoin itself.

-Overall, the 20 biggest Bitcoin ETFs have between $54.86 million to $7.11 billion in total assets. Even so, these 20 Bitcoin ETFs’ combined $16.00 billion asset size is outweighed by Grayscale Bitcoin Trust’s $27.14 billion total assets.

How Many Bitcoins Are in ETFs?
ETFs hold around 793,034 BTC in total worldwide, representing 3.8% of the maximum 21 million Bitcoin supply. This includes Grayscale Bitcoin Trust (GBTC), which is pending SEC approval to convert from a close-ended unit trust to an ETF. Excluding GBTC, existing ETFs account for just 0.8% of maximum Bitcoin supply.

-While ETF providers control only a minority supply of Bitcoin currently, US approval of spot Bitcoin ETFs is expected to drive up investor demand. It remains to be seen whether traditional financial institutions will have an outsized influence over Bitcoin in the future.

#ETFBitcoin

JUST IN: 🥇 Spot Bitcoin ETF could be approved next week

As per former 🇺🇸 White House Director of Communications and founder of SkyBridge Capital Anthony Scaramucci

#BTC #Bitcoin/USDT. #ETFApproval2024 #ETFBitcoin #NEAR

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#BinanceTournament. #BinanceWish #ETFBitcoin

Insight from Michael Saylor: $BTC

The upcoming #Bitcoin spot ETF is a game-changer on Wall Street. Here's why:

1️⃣ Historic Significance: Saylor believes it's the most significant development in 30 years.

2️⃣ Demand Shock: Anticipate a surge in demand for Bitcoin triggered by this new investment tool.

3️⃣ Bullish Outlook: Saylor predicts the ETF will propel Bitcoin into a bull market in the coming year.

#BTC #ETFBitcoin #cryptoease

JUST IN: 🇺🇸 Spot #Bitcoin    ETF applicant Bitwise drops new Bitcoin ETF ads 👀

This is a big and great news for all ceypto traders
its mean #ETFBitcoin very near

#BinanceWish #BRC20Tokens #btctoath #binance

👀 BlackRock plans to plan its $10M ETF on Jan. 3, 2024. - Bloomberg reports

#BlackRock #ETFBitcoin #ETFRally #ETFTrends

🤓 All ETF race participants have made final changes to their applications

BlackRock, VanEck, Valkyrie, Fidelity, WisdomTree, Bitwise, Franklin Templeton, Invesco and Galaxy have made final changes to their spot Bitcoin ETF applications. Similar changes were previously made by Ark.

Notably, BlackRock listed Jane Street and JPMorgan as authorized participants in its fund.

Just a few weeks ago, JPMorgan CEO Jamie Dimon called on the US authorities to ban cryptocurrencies.

At the same time, Fidelity set the lowest commission of 0.39%.

Invesco said it will not charge any fees at all for the first six months of ETF trading.

#BTC #ETH! #ETFBitcoin

$BTC $ETH $SOL

Why spot Bitcoin ETF matters❓

Bitcoin is often compared to gold as a store of value, and this comparison has now gained traction in mainstream media.

It's quite likely that we are on the verge of the launch of a spot Bitcoin ETF (exchange-traded fund). To better understand the hype around this, all you have to do is to take a look at the gold chart.

The first commodity ETF, the SPDR Gold Trust, triggered an eight-year rally from 2005 to 2012 without a single downturn.

🧑🏻‍🏫 Through ETFs, investors get direct and simple access to an asset without the need for associated costs, such as transportation (for gold) or the need to learn a basics of a new technology (for Bitcoin).

This is precisely why the market is anticipating the launch. An ETF will open up access to capital that was previously hesitant to enter the crypto space. Keep in mind - the stock market's volume is 250 times larger than the entire crypto market.

💁🏻 The impact of these inflows on the price? I believe you've already grasped the concept.

#BTC #ETFBitcoin #ETFApprovalHype #ETFRally #ETFLAUNCH

Michael Saylor, executive chairman of MicroStrategy, said that the market should not underestimate the importance of the upcoming Bitcoin spot ETF, this may be the biggest development on Wall Street in 30 years, this new investment tool will trigger a demand shock for Bitcoin and promote Bitcoin bull market next year. #BTC #ETFBitcoin

⛴️BREAKING NEWS 🗞️

🇺🇸 SEC tells spot Bitcoin ETF applicants to update submissions by December 29 if they want to be approved in the first wave - Reuters

#ETFApproval #etf #ETFApproval2024 #ETFBitcoin

🚪📈 Bitcoin ETF Approval Beckons: BlackRock Amends Application – BTC Critic JPMorgan Enters the Fray! 💼🔓

The prospect of a Bitcoin ETF approval gains traction as investment giant BlackRock revises its application, drawing attention to the involvement of Bitcoin critic JPMorgan. Here's a detailed dive into this evolving narrative! 🌐🔍
🔓 Unlocking the ETF Potential 💡🚪
BlackRock's amendment to its application signals a potential gateway to Bitcoin ETF approval, shedding light on the evolving landscape surrounding cryptocurrency investment vehicles.
💼 BlackRock's Strategic Move 📈💼
The investment titan's revised application underscores strategic maneuvers within the crypto realm, hinting at a growing interest among institutional players in embracing Bitcoin through ETFs.
🔍 JPMorgan's Surprising Involvement 🏦🔄
The unexpected participation of JPMorgan, known for its historical skepticism towards Bitcoin, adds a compelling layer to the ETF saga, sparking curiosity and discussions within the financial industry.
💬 Market Reactions and Speculations 📊🗣️
The developments provoke reactions and speculations, influencing market sentiments and sparking debates about the potential implications of these industry giants' involvement in Bitcoin-related financial products.
The amended application by BlackRock and the unexpected entry of JPMorgan into the Bitcoin ETF arena mark a significant juncture, sparking discussions and anticipation about the potential ramifications for cryptocurrency adoption in traditional finance. 🌐🚪
#BinanceSquare #Bitcoin/USDT. #ETFBitcoin

These Developments Show That The Bitcoin Bullish Momentum Is Far From Over.

#BTC #ETFBitcoin #sanor016CommUNITY #sanor016 #BinanceSqaure

GBTC’s $2.2 Billion Outflows Outweigh All Spot Bitcoin ETF Gains Last Week: CoinShares; InQubeta (QUBE) Primed for Massive Growth.

#BTC #ETFBitcoin #sanor016CommUNITY #sanor016 #BinanceSqaure

It is going to APPROVED guys !

$BTC #ETFBitcoin 🚀

I want to alert all the news in the market (especially the Bitcoin ETF news) that it is a trick by the market maker to sell (for sale). What I am observing in the market currently is that all waves in Bitcoin have completed. I personally have stayed away from the market now for 4 days until the beginning of the new year. Be careful, we are in the zone of greed, so stay away from me to avoid losses until the matter becomes clearer.
note : the market very very dangereuse this days.
#ETFTrends #ETFBitcoin
$BTC

BlackRock is seeding their spot #Bitcoin  ETF with $10 million.

Bitwise is seeding theirs with $200 million.

Hashdex is seeding theirs with $2.8 million.

WisdomTree is seeding theirs with $2.5 million.

The funds are starting to flow 🚀

#ETFBitcoin

🔔 Hong Kong's Securities and Futures Commission Welcomes Spot Crypto ETF Applications !

#BTC #sol #ETFApprovalHype #ETFBitcoin #ETFDecisionComingSoon

Key Definitions of #BTC #ETFBitcoin
An ETF is a type of financial product that tracks the price of a specific asset, index, or basket of assets and is bought and sold on a stock exchange. Generally, ETFs provide an avenue to invest in various assets while allowing the flexibility to trade on an exchange. As such, they often serve as a practical tool for diversifying market exposure.
With the advent of crypto, two major types of BTC ETFs emerged: futures and spot. A futures bitcoin ETF invests in contracts betting on BTC’s future price, providing exposure to its price movements without holding the cryptocurrency. A spot bitcoin ETF has to hold the underlying asset, reflecting its price more directly, which makes owning its shares more akin to owning BTC itself. You can refer to this Binance Academy article for a more detailed comparison.
Bitcoin trusts are another somewhat similar vehicle, differing in structure and operation. A trust acts more like a traditional investment fund, holding actual BTC. Investors own shares that represent a piece of the digital asset pool held by the trust. However, unlike ETFs, trusts are subject to premiums or discounts, meaning the price of a share could significantly diverge from the value of the underlying BTC it represents.
Grayscale Bitcoin Trust (GBTC) launched in 2015 to become the first publicly traded bitcoin fund in the U.S. As of early December 2023, Grayscale’s application to turn GBTC into a spot ETF is under consideration by the Securities and Exchange Commission (SEC). The first bitcoin futures ETF went live on the New York Stock Exchange Arca in October 2021. Now, several such products are available to U.S. investors. Of all the instruments described in this section, only spot bitcoin ETFs remain out of reach, though many believe this could soon change.
Seeking SEC Approval

Contd…..next

Here's how Bitcoin-ETF filing skyrocketed the market: top daily performers

On December 19, the community exploded with a thrill when BlackRock and ARK filed the amendments for previously approved spot Bitcoin-ETF. The event turned out to be a heater for the market, putting numerous assets into the bullish zone. Today, we'll showcase three of them.

👉Bitcoin (BTC): obviously, Bitcoin (BTC) has taken up its upsurge. The bullish trend greatly intensified amidst ETF news, with 5% daily growth resulting in $43,000 price range. The trend will only keep stronger, massively rallying amidst official introduction of IBIT (ticker for spot Bitcoin-ETF). Simply put, get ready for a skyrocketing pump this month!

👉Ethereum (ETH): the second-largest crypto is widely considered to be the next in a row of spot-ETF filing. The asset has fantastically recovered, growing by 5% for the last 24 hours and concluding with the price of $2,240.

👉Solana (SOL): there is a fact of life that Solana (SOL) has been spiking for the last three month. Yet, one of the major altcoins is showcasing 10% daily increase, triggered by the overall excitement on the ETF. Currently, it is trading for $75.02.

🚀Crucial note: the recent ETF approval buzz is not a one-time thrill, but a driver for consistent bullish perspective amidst wider cryptocurrency adoption.

Still, stay focused and remember that crypto market is highly volatile.

Safe trades!

#BTC #ETH #sol #ETFBitcoin

$BTC $ETH $SOL

$BTC

Bitcoin ETF approval is as close to done as we've been.

Let's discuss both Bullish and Bearish oords.

Currently, Bitcoin is trading in a range as you can see BLUE Parallel Channel in the chart.

The channel is currently in a highly volatile zone. We see $500 million in liquidations twice in the current consolidation channel.

Sooner or later we are going to break this channel in a Bullish or Bearish manner.

What if we break the channel and rally toward the upside?

On the news of ETF approval if we see a rally towards the upside and break the channel we are going to meet with the psychology resistance first $48000 to $50000 zone from where short-term holders start to offload their begs and create sell pressure.

The second resistance is around $58000 - $60000 where most of the mid-term traders target to start booking some of their profits.

What if we break down the channel?

Break down / Bearish scenario is applied on both news approval of ETF and 11th Hour Delay or Rejection.

Let's see first how its applies to the approval of ETF.

Bitcoin approval can be the sell the news event and we see the channel break down and meet with the support levels.

Currently, we are seeing 3 important support levels.

First is the resistance trendline coming from the 15th AUG 2022 high to the 14th APR 2023 High and becoming support from the 14th NOV 2023.

Second, we have a support zone $33500 - $34000 which is the technical support and holds very well in the 2021 bull market correction.

Third, we have an up-sloping trendline from the bear market lowes of 31th Dec 2022 to the 12th SEP 2023 and 13th OCT 2023.

If you ask me what I am seeing?

Truly I am seeing liquidation hunting both sides. Currently, I am holding 50% of my beg in cash and 50% deployed. Waiting for the ETF dust to settle because currently, everyone is holding their ETF trade. If whales and market makers decide to close ETF trades and start booking profits then I start deploying my remaining cash 50% cash.

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#ETFBitcoin