📈🔮 K33 Research predicts a faster recovery for Bitcoin (BTC) from its 36% dip from the previous high of $69,000, citing shorter recovery times compared to past cycles, but emphasizes the significance of spot ETF approval for achieving peak recovery. 🚀📊 #BitcoinRecovery #SpotETFApproval

US SEC Officially Approves 11 Spot Bitcoin ETFs ...
congratulations crypto space.

Find attached, the official statement of the US SEC chairman , Gary Gensler following the approvals .

join us as we explore the meaning and merits of this great achievement for the emerging cryptocurrency industry on x platform @cryptodoc1 tomorrow Thursday 11 January, 2024 12:00 CAT.
#BTC #SpotETFApproval

Trading futures can lead to liquidation, even if not immediately, but eventually. I prefer sticking to spot trading and investments as they are safer. This way, I can sleep soundly, especially during corrections. Elon Musk's screenshot supports this idea. I'm committed to discussing only spot trading in my posts. #Bitcoin #SpotETFApproval #altcoins #BlackRock #MicroStrategy $ETH BTC $ETH $SOL

Spot ETF (Exchange-Traded Fund)🪙🪙

Spot ETF (Exchange-Traded Fund) is an investment fund that tracks the price of an underlying asset, such as a commodity, currency, or cryptocurrency, and can be traded on a stock exchange like individual stocks. Here are some key characteristics of Spot ETFs:

1. *Tracks spot price*: Spot ETFs aim to replicate the spot price of the underlying asset, allowing investors to gain exposure to its price movements.

2. *Traded on an exchange*: Spot ETFs are listed on a stock exchange, making it easy to buy and sell them through a brokerage account.

3. *Flexibility*: Spot ETFs offer investors the flexibility to trade throughout the day, unlike mutual funds which only trade at the end of the day.

4. *Transparency*: Spot ETFs disclose their holdings daily, so investors can see exactly what they own.

5. *Liquidity*: Spot ETFs typically have high liquidity, making it easy to buy and sell shares.

6. *No futures or options*: Spot ETFs do not use futures or options contracts, which can reduce complexity and costs.

7. *Physical settlement*: Spot ETFs typically use physical settlement, meaning the underlying asset is delivered upon expiration.

Spot ETFs are popular among investors who want to gain exposure to various assets without directly holding them. They offer a convenient and flexible way to invest in a range of assets, including cryptocurrencies like Bitcoin.

#SpotETFApproval #Fed #BTC $BTC $BNB $ETH #ScamRiskWarning

All spot #Ethereum ETF applicants filed updated S-1's :
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock

#ethereum #SpotETFApproval #crypto #etf

Top Chinese asset managers anticipate Hong Kong’s approval of exchange-traded funds (ETFs) for BTC and ETH, with a decision expected as early as Monday. Bloomberg reports
#Spot_Trading #SpotETFApproval

#Write2Earn: #TradeNTell I think $BTC will go to bullish way because it seems to going high and very high. So I think everyone should buy #BTC and when binance announce any launchpad news that time $BTC just go as like Rocket I hope everyone understand the trick
so buy #BTC-ETF. #SpotETFApproval
#CHZ

These Two Altcoins Will Be Hardest Hit by Monday's Hong Kong Bitcoin Earthquake

$NEO $VEN (Vechain) *not available on Binance

VeChain and Neo are being used as proxy tokens for Hong Kong's ambition to become a leading Asian crypto hub.
This comes amid speculation that Hong Kong regulators may soon greenlight spot ETFs for Bitcoin and ETH. In line with expectations, both tokens achieved significant weekly gains. However, both altcoins lost some of their weekly gains due to the decline in the market.
Wintermute analysts evaluated the situation of these altcoins as follows:

“VeChain and Neo are seen as representatives of demand in Asia, especially in the retail and fast money circles. Neo, for example, is popularly known as the 'China's Ethereum'.”

I also noted that Hong Kong's efforts to position itself as a cryptocurrency hub in the East may have contributed to Neo's strong performance and visible inflows into VeChain and Conflux:

“This basket of tokens was on the radar of many fast money investors around June 2023 when Hong Kong started issuing individual crypto licenses. Many acted as a proxy for APAC flows.”

The upward move for each token coincides with news that Hong Kong regulators may approve spot ETFs based on Bitcoin and ETH earlier on Monday.

*This is not investment advice.

#China #HONKONG #SpotETFApproval #NeoCoin #VeChain