Renowned American institution MicroStrategy has reignited another bullish frenzy with its recent decision to expand its portfolio by acquiring additional Bitcoin tokens.
Read more on: https://thecryptobasic.com/2023/12/28/microstrategys-latest-615m-bitcoin-buying-sets-traders-into-another-bullish-frenzy/
#MicroStrategyBTC #MicroStrategyMoves #crypto2024SpaceCatch #Cryptocurrency.traders #CryptonewswithJack

As voting for the XLS-30D amendment is delayed, Aesthetes has urged XRP community members to call on their favorite validators to support the AMM proposal.
Read more on: https://thecryptobasic.com/2023/12/28/unl-validator-charges-xrp-community-to-intervene-in-amm-amendment-voting-process/
#XRPUpdate #XRPamm #XRPBreakout #Cryptocurrency.traders #CryptoNews🔒📰🚫

Asset Managers File 19b-4 for Bitcoin ETFs from Jan 5
Spot Bitcoin ETF is the hottest topic nowadays, and the decision by the SEC could come anytime. The experts expect that the decision will come by January 10, and we will get complete information on that.
Throughout the process, a series of 19b-4 amendments were submitted for spot Bitcoin ETF applications by a cadre of prominent asset managers on January 5.

Among those filing amendments were well-known entities such as BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck, and WisdomTree.
These filings represent a crucial stage in the SEC approval process, indicative of efforts to establish clear pathways for offering investment securities directly linked to the crypto market.
19b-4 Filings and Pending S-1 Documentation for Bitcoin ETF Approval
These filings mark a crucial stage in the SEC’s approval process, but further documentation, particularly the completion of S-1 documents, is necessary before U.S. exchanges can begin listing investment securities directly tied to cryptocurrencies.
Anticipation surrounds the possibility of final approval for spot Bitcoin ETFs dropping before January 10th, coinciding with the offering deadline from ARK Invest and 21Shares. Should approval be granted, it could pave the way for broader adoption of cryptocurrencies both in the United States and globally.
Expert Opinions Differ on Potential Bitcoin ETF Approval
Bloomberg’s ETF analyst, Eric Balchunas, voiced confidence in the SEC’s potential approval for a Bitcoin ETF, drawing from various sources.
Balchunas indicated an expected submission of final S-1 documents by Monday, aligning for a prospective January 11th launch and aiming to synchronize multiple stakeholders.
However, contrasting this optimism, U.S. financial advisers exhibit varied sentiments concerning the SEC’s green light for a Bitcoin ETF.
The recent initiation of 19b-4 filings by major asset managers marks a crucial juncture in the pursuit of Bitcoin ETF approval, sparking hope and anticipation in the financial sphere.
Both industry insiders and investors seeking expanded cryptocurrency exposure in conventional financial markets eagerly await the forthcoming outcome.
#BitcoinETF💰💰💰 #CryptoNews🔒📰🚫 #coingabbar #Cryptocurrency.traders

The amount of institutional capital bullish on BTC has hit a new all-time high as the deadline for spot Bitcoin ETF decision approaches.
Read more on: https://thecryptobasic.com/2023/12/28/bitcoin-futures-smart-money-index-hits-all-time-high-ahead-of-etf-decision/
#BitcoinIsBullish #BitcoinETFUpdate #Cryptocurrrency #Cryptocurrency.traders #CryptoNews🔒📰🚫