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FBI arrestó a hacker que anunció falso lanzamiento de ETF de bitcoin
El hombre de 25 años, habitante de Alabama, pirateó la cuenta de la Comisión de Bolsa y Valores y dijo que el ETF de bitcoin fue aprobado.
por #Anfelia_Investment
17 octubre, 2024
Tiempo de lectura: 2 minutos
Según la acusación, Council usó información personal robada para crear una identificación falsa. Fuente: Pixabay.
Lo acusan de conspirar para cometer robo de identidad agravado y fraude de dispositivos de acceso.Ese día, bitcoin se disparó y subió 1.000 dólares, pero luego corrigió y perdió 2.000 dólares.
El FBI anunció hoy el arresto de Eric Council Jr., de 25 años, en Athens, Alabama, por su presunto papel en el hackeo de la cuenta de la Comisión de Bolsa y Valores de EE.UU. (SEC) en X, conocido anteriormente como Twitter. Este incidente, ocurrido en enero de 2024, llevó a un falso anuncio que causó un incremento de USD 1.000 en el valor de bitcoin (BTC).
Council enfrenta cargos por conspiración para cometer robo de identidad agravado y fraude de dispositivos de acceso. La acusación detalla que el 9 de enero de 2024, Council, junto con cómplices, tomó el control de la cuenta @SECGov en X y publicó un mensaje falso en nombre del presidente de la agencia, Gary Gensler, afirmando la aprobación de un fondo cotizado en bolsa (ETF) de bitcoin.
Este anuncio falso provocó una inmediata subida en el precio de BTC. La SEC rápidamente recuperó el control de su cuenta y desmintió la información, como lo reportó CriptoNoticias, lo que llevó a una posterior caída de más de USD 2.000 por bitcoin.
El método empleado para el hackeo fue un intercambio de SIM, una técnica donde los atacantes logran reasignar el número de teléfono de una víctima a un dispositivo que controlan. Esto les permite superar la autenticación en dos pasos, accediendo así a cuentas sensibles.
La Ventana
Recibe una recopilación de las noticias tendencia en los últimos 7 días.
SUSCRIBIRME
Puedes darte de baja en cualquier momento. Para más detalles, revisa nuestra Política de Privacidad.
Según la acusación, Council usó información personal robada para crear una identificación falsa, con la cual obtuvo una nueva tarjeta SIM y un iPhone, usados para acceder a la cuenta de la SEC en X.
El agente especial interino a cargo del FBI, David Geist, comentó sobre el caso: “el FBI trabaja para identificar, interrumpir e investigar fraudes cibernéticos, incluido el intercambio de SIM. Este método es explotado por malhechores para acceder a información confidencial y perpetrar delitos como el que intentó Council, manipulando el mercado financiero global”.
El falso anuncio no solo afectó el mercado de criptomonedas, sino que también subrayó la vulnerabilidad de las cuentas oficiales de entidades gubernamentales en redes sociales.
Se espera que Council haga su aparición inicial hoy en el Distrito Norte de Alabama. Según el FBI, la acusación está a cargo del fiscal federal adjunto Kevin Rosenberg y los abogados litigantes del Departamento de Justicia Ashley Pungello y Paul Zebb de la sección de Delitos Informáticos y Propiedad Intelectual, y Lauren Archer de la sección de Fraude.
Este artículo fue creado usando inteligencia artificial y editado por un humano de la Redacción.
Etiquetas: #ETFvsBTC #EstadosUnidos #ETFsApproval #ETFs✅
¿Tienes información clave para nuestros reporteros?Ponte en contacto
Suscríbete a los boletines de @Anfelia_Investment
Mantente informado de los últimos acontecimientos del mundo de las criptomonedas.
SUSCRIBIRME
Publicidad
Lo último
Worldcoin cambia su nombre a “World” y lanza una segunda generación de escáneres de iris
17 octubre, 2024
¿Cómo USDT impulsará al precio de bitcoin?
17 octubre, 2024
$USDT
$BTC
por #Anfelia_Investment
17 octubre, 2024
Tiempo de lectura: 2 minutos
Según la acusación, Council usó información personal robada para crear una identificación falsa. Fuente: Pixabay.
Lo acusan de conspirar para cometer robo de identidad agravado y fraude de dispositivos de acceso.Ese día, bitcoin se disparó y subió 1.000 dólares, pero luego corrigió y perdió 2.000 dólares.
El FBI anunció hoy el arresto de Eric Council Jr., de 25 años, en Athens, Alabama, por su presunto papel en el hackeo de la cuenta de la Comisión de Bolsa y Valores de EE.UU. (SEC) en X, conocido anteriormente como Twitter. Este incidente, ocurrido en enero de 2024, llevó a un falso anuncio que causó un incremento de USD 1.000 en el valor de bitcoin (BTC).
Council enfrenta cargos por conspiración para cometer robo de identidad agravado y fraude de dispositivos de acceso. La acusación detalla que el 9 de enero de 2024, Council, junto con cómplices, tomó el control de la cuenta @SECGov en X y publicó un mensaje falso en nombre del presidente de la agencia, Gary Gensler, afirmando la aprobación de un fondo cotizado en bolsa (ETF) de bitcoin.
Este anuncio falso provocó una inmediata subida en el precio de BTC. La SEC rápidamente recuperó el control de su cuenta y desmintió la información, como lo reportó CriptoNoticias, lo que llevó a una posterior caída de más de USD 2.000 por bitcoin.
El método empleado para el hackeo fue un intercambio de SIM, una técnica donde los atacantes logran reasignar el número de teléfono de una víctima a un dispositivo que controlan. Esto les permite superar la autenticación en dos pasos, accediendo así a cuentas sensibles.
La Ventana
Recibe una recopilación de las noticias tendencia en los últimos 7 días.
SUSCRIBIRME
Puedes darte de baja en cualquier momento. Para más detalles, revisa nuestra Política de Privacidad.
Según la acusación, Council usó información personal robada para crear una identificación falsa, con la cual obtuvo una nueva tarjeta SIM y un iPhone, usados para acceder a la cuenta de la SEC en X.
El agente especial interino a cargo del FBI, David Geist, comentó sobre el caso: “el FBI trabaja para identificar, interrumpir e investigar fraudes cibernéticos, incluido el intercambio de SIM. Este método es explotado por malhechores para acceder a información confidencial y perpetrar delitos como el que intentó Council, manipulando el mercado financiero global”.
El falso anuncio no solo afectó el mercado de criptomonedas, sino que también subrayó la vulnerabilidad de las cuentas oficiales de entidades gubernamentales en redes sociales.
Se espera que Council haga su aparición inicial hoy en el Distrito Norte de Alabama. Según el FBI, la acusación está a cargo del fiscal federal adjunto Kevin Rosenberg y los abogados litigantes del Departamento de Justicia Ashley Pungello y Paul Zebb de la sección de Delitos Informáticos y Propiedad Intelectual, y Lauren Archer de la sección de Fraude.
Este artículo fue creado usando inteligencia artificial y editado por un humano de la Redacción.
Etiquetas: #ETFvsBTC #EstadosUnidos #ETFsApproval #ETFs✅
¿Tienes información clave para nuestros reporteros?Ponte en contacto
Suscríbete a los boletines de @Anfelia_Investment
Mantente informado de los últimos acontecimientos del mundo de las criptomonedas.
SUSCRIBIRME
Publicidad
Lo último
Worldcoin cambia su nombre a “World” y lanza una segunda generación de escáneres de iris
17 octubre, 2024
¿Cómo USDT impulsará al precio de bitcoin?
17 octubre, 2024
$USDT
$BTC
XRP ETF: The Next Crypto Revolution on the Horizon?
In a bold move that could shake up the crypto landscape, Bitwise, a prominent crypto asset manager, has filed an application to launch an XRP ETF (Exchange-Traded Fund). This application, filed in Delaware, has been verified as legitimate and is stirring excitement among crypto enthusiasts and investors alike.
The filing comes on the heels of the U.S. Securities and Exchange Commission's (SEC) recent approval of ETFs for Bitcoin and Ethereum— the two heavyweights of the cryptocurrency world. Billions of dollars have flooded into these newly-approved investment vehicles, signaling a growing appetite for crypto in traditional markets.
But Bitwise’s timing couldn’t be more interesting. The SEC is still embroiled in a high-stakes legal battle with Ripple Labs over the very nature of XRP. The central question: Is XRP a security? If the SEC prevails, it could throw a wrench in Bitwise’s ETF plans.
The roots of this battle go back to 2020 when the SEC accused Ripple of raising $1.3 billion by selling XRP as an unregistered security. Last year, Ripple secured a partial win— a judge ruled that sales of XRP to retail investors were not considered securities. However, sales to institutional investors were deemed unregistered securities, leaving the case in legal limbo.
As XRP trades around $0.61, with a modest uptick in recent weeks, all eyes are on the SEC and Ripple. The approval of an XRP ETF could unlock a floodgate of institutional investment into XRP, much like what Bitcoin and Ethereum experienced.
However, the legal uncertainty surrounding XRP’s classification continues to loom large, keeping investors on edge.
For now, the crypto world waits with bated breath, watching for the next move in this high-stakes saga.
Could an XRP ETF be the key to XRP’s mainstream breakthrough, or will regulatory hurdles halt its momentum? Only time will tell.
#XRP #ETFsApproval #etf $XRP
In a bold move that could shake up the crypto landscape, Bitwise, a prominent crypto asset manager, has filed an application to launch an XRP ETF (Exchange-Traded Fund). This application, filed in Delaware, has been verified as legitimate and is stirring excitement among crypto enthusiasts and investors alike.
The filing comes on the heels of the U.S. Securities and Exchange Commission's (SEC) recent approval of ETFs for Bitcoin and Ethereum— the two heavyweights of the cryptocurrency world. Billions of dollars have flooded into these newly-approved investment vehicles, signaling a growing appetite for crypto in traditional markets.
But Bitwise’s timing couldn’t be more interesting. The SEC is still embroiled in a high-stakes legal battle with Ripple Labs over the very nature of XRP. The central question: Is XRP a security? If the SEC prevails, it could throw a wrench in Bitwise’s ETF plans.
The roots of this battle go back to 2020 when the SEC accused Ripple of raising $1.3 billion by selling XRP as an unregistered security. Last year, Ripple secured a partial win— a judge ruled that sales of XRP to retail investors were not considered securities. However, sales to institutional investors were deemed unregistered securities, leaving the case in legal limbo.
As XRP trades around $0.61, with a modest uptick in recent weeks, all eyes are on the SEC and Ripple. The approval of an XRP ETF could unlock a floodgate of institutional investment into XRP, much like what Bitcoin and Ethereum experienced.
However, the legal uncertainty surrounding XRP’s classification continues to loom large, keeping investors on edge.
For now, the crypto world waits with bated breath, watching for the next move in this high-stakes saga.
Could an XRP ETF be the key to XRP’s mainstream breakthrough, or will regulatory hurdles halt its momentum? Only time will tell.
#XRP #ETFsApproval #etf $XRP
What do you think about the market condition post Bitcoin ETF listing?
A. Bullish
B. Bearish
C. Indifferent
#Write2Earn $BTC #ETFsApproval
A. Bullish
B. Bearish
C. Indifferent
#Write2Earn $BTC #ETFsApproval
Bitcoin ETF has finally been approved, which means so much for the entire crypto Market.
This is a good time buy Bitcoin. $BTC
#etf #ETFsApproval #ETFApprovalDreams #proactiveirontee #pro_digitalss
This is a good time buy Bitcoin. $BTC
#etf #ETFsApproval #ETFApprovalDreams #proactiveirontee #pro_digitalss
GRAYSCALE CEO DEMANDS PUBLIC "OPTIONS MARKET" FOR BITCOIN SPOT ETFs
#ETFsApproval #BTC #crypto #Write2Earn @Storex
Grayscale CEO Michael Sonnhenshein is calling for approval of public options on Bitcoin spot ETFs after his company’s Bitcoin fund successfully converted into one last month.
“It’s never been more important for the crypto and ETF communities alike to advocate for the development of a robust listed options market for spot bitcoin ETFs,” wrote Sonnhenshein in a post to X on Monday.
"The Need For Bitcoin Options"
Options are financial derivatives affording investors the right to buy or sell an underlying asset at a predetermined rate at a later time. Holders aren’t required to exercise this right, making options a popular way to trade without exposing themselves to an asset itself.
The U.S. Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs to trade on national securities exchanges on January 11. Since then, many of those same exchanges, including the NYSE and others, have filed 19b-4 Forms to permit listed options on commodity-based ETFs, including Bitcoin spot ETFs.
The first bitcoin futures ETFs began trading in the US on October 19, 2021. It was only *ONE* day later that listed options were made available. Like bitcoin futures ETFs, these kinds of products are able to rely on rules that allow them go automatically effective.
— Sonnenshein (@Sonnenshein) February 5, 2024
Thus far, options have only been made available for Bitcoin futures ETFs. They launched just one day after the ProShares Bitcoin Strategy ETF (BITO) began trading in October 2021.
“Like bitcoin futures ETFs, these kinds of products are able to rely on rules that allow them go automatically effective,” Sonnhenshein explained. On the other hand, options for Bitcoin spot ETFs must go through a lengthy review period, much like the spot ETFs themselves.
#ETFsApproval #BTC #crypto #Write2Earn @Storex
Grayscale CEO Michael Sonnhenshein is calling for approval of public options on Bitcoin spot ETFs after his company’s Bitcoin fund successfully converted into one last month.
“It’s never been more important for the crypto and ETF communities alike to advocate for the development of a robust listed options market for spot bitcoin ETFs,” wrote Sonnhenshein in a post to X on Monday.
"The Need For Bitcoin Options"
Options are financial derivatives affording investors the right to buy or sell an underlying asset at a predetermined rate at a later time. Holders aren’t required to exercise this right, making options a popular way to trade without exposing themselves to an asset itself.
The U.S. Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs to trade on national securities exchanges on January 11. Since then, many of those same exchanges, including the NYSE and others, have filed 19b-4 Forms to permit listed options on commodity-based ETFs, including Bitcoin spot ETFs.
The first bitcoin futures ETFs began trading in the US on October 19, 2021. It was only *ONE* day later that listed options were made available. Like bitcoin futures ETFs, these kinds of products are able to rely on rules that allow them go automatically effective.
— Sonnenshein (@Sonnenshein) February 5, 2024
Thus far, options have only been made available for Bitcoin futures ETFs. They launched just one day after the ProShares Bitcoin Strategy ETF (BITO) began trading in October 2021.
“Like bitcoin futures ETFs, these kinds of products are able to rely on rules that allow them go automatically effective,” Sonnhenshein explained. On the other hand, options for Bitcoin spot ETFs must go through a lengthy review period, much like the spot ETFs themselves.
$BTC #BTCUSDTAnalysis I think Bitcoin will return to the fair value Gap 38k to 39k then pump and go to the moon. The reason I think that is after #ETFsApproval people are waiting for the price to come lower and then buy it. Needless of anything anyone says it's still market no one can predict accurately so do your own research too . so,in my opinion it will be bearish for sometime #DYOR🟢.
VanEck’s Bitcoin ETF notches 1,400% daily trading volume increase
VanEck and WisdomTree’s Bitcoin ETFs saw significant trading volume upticks out of the blue, with analysts at a loss for why it happened. VanEck’s spot Bitcoin exchange-traded fund (ETF) has experienced a sudden and drastic trading volume uptick. VanEck’s fund — which sports the ticker “HODL” — saw $258 million in trading volume on Feb. 20, a nearly 15 times increase in volume from the previous day, according to data shared to X by senior Bloomberg ETF analyst Eric Balchunas.
#Write2Earn
#BTC
#ETFsApproval
#TrendingTopic
#ETFs.
VanEck and WisdomTree’s Bitcoin ETFs saw significant trading volume upticks out of the blue, with analysts at a loss for why it happened. VanEck’s spot Bitcoin exchange-traded fund (ETF) has experienced a sudden and drastic trading volume uptick. VanEck’s fund — which sports the ticker “HODL” — saw $258 million in trading volume on Feb. 20, a nearly 15 times increase in volume from the previous day, according to data shared to X by senior Bloomberg ETF analyst Eric Balchunas.
#Write2Earn
#BTC
#ETFsApproval
#TrendingTopic
#ETFs.
🚨 FACT 🚨
🟣 HERE'S A LIST OF THE TOP 25 ETFs IN TERMS OF ASSET VALUE FOR THE PAST 30 YEARS.
🟣 AMONG THE LIST ARE $IBIT AND $FBTC, WHICH RANK FIRST AND SECOND RESPECTIVELY, WITH MORE THAN $3 BILLION EACH.
🟣 $ARKB AND $BITB ALSO MADE THE LIST.
🟣 REMEMBER #BITCOIN ETF HAS BEEN EXISTING FOR 29 DAYS. IMAGINE WHAT WILL HAPPEN FOR THE NEXT MORE MONTHS.
#BTC
#ETFsApproval
#Write2Earn
#TrendingTopic #Launchpool
$BTC
🟣 HERE'S A LIST OF THE TOP 25 ETFs IN TERMS OF ASSET VALUE FOR THE PAST 30 YEARS.
🟣 AMONG THE LIST ARE $IBIT AND $FBTC, WHICH RANK FIRST AND SECOND RESPECTIVELY, WITH MORE THAN $3 BILLION EACH.
🟣 $ARKB AND $BITB ALSO MADE THE LIST.
🟣 REMEMBER #BITCOIN ETF HAS BEEN EXISTING FOR 29 DAYS. IMAGINE WHAT WILL HAPPEN FOR THE NEXT MORE MONTHS.
#BTC
#ETFsApproval
#Write2Earn
#TrendingTopic #Launchpool
$BTC
The last three days almost $200 million in inflows via the #Bitcoin ETFs per day. #ETFsApproval $BTC
BTC short 65080 to 65400
stop loss 66.3k
lev 10x to 20x
target
64700
64000
62890
61800
use low amount
#bitcoin #ETH #SEC #ETFsApproval
stop loss 66.3k
lev 10x to 20x
target
64700
64000
62890
61800
use low amount
#bitcoin #ETH #SEC #ETFsApproval
History of Bitcoin Halving: Bitcoin Price After Halving
First Halving - November 2012
Pre-Halving Price: Around $12.50
Post-Halving Price: The price increased gradually after the halving, reaching approximately $1,000 by the end of 2013.
Second Halving - July 2016
Pre-Halving Price: Approximately $650
Post-Halving Price: The price saw a steady increase post-halving, culminating in a peak of around $20,000 in December 2017.
Third Halving - May 2020
Pre-Halving Price: Around $8,800
Post-Halving Price: After the halving, Bitcoin's price initially remained stable but started to increase in the latter half of 2020, eventually reaching an all-time high of nearly $64,000 in April 2021.
After each halving, Btc price has tended to rise significantly, though it's essential to note that these increases have not occurred immediately but over the months and years following the event. The halving reduces the new supply of Bitcoin, creating a scarcity effect. When combined with increasing demand, this can lead to price increases. With the introduction of the bitcoin ETF what do you think will happen during this bull run?
#HalvingHorizons #HotTrends #ETFsApproval $BTC
First Halving - November 2012
Pre-Halving Price: Around $12.50
Post-Halving Price: The price increased gradually after the halving, reaching approximately $1,000 by the end of 2013.
Second Halving - July 2016
Pre-Halving Price: Approximately $650
Post-Halving Price: The price saw a steady increase post-halving, culminating in a peak of around $20,000 in December 2017.
Third Halving - May 2020
Pre-Halving Price: Around $8,800
Post-Halving Price: After the halving, Bitcoin's price initially remained stable but started to increase in the latter half of 2020, eventually reaching an all-time high of nearly $64,000 in April 2021.
After each halving, Btc price has tended to rise significantly, though it's essential to note that these increases have not occurred immediately but over the months and years following the event. The halving reduces the new supply of Bitcoin, creating a scarcity effect. When combined with increasing demand, this can lead to price increases. With the introduction of the bitcoin ETF what do you think will happen during this bull run?
#HalvingHorizons #HotTrends #ETFsApproval $BTC
💵💵💵 ***Ice distribution Policy***💵💵💵
if you don't have ice app, download it and use {mehedi45upwork} as referral code to get 10 free ice...
A lot of people are asking why they got less ice in wallet while they have more in ice app. The simple answer is that this is their regulation...
💰💰💰💰 Following are the regulations of ice distribution:🥳🥳🥳
1. The pre staked ice will not count in distribution.
2. Ice earned from referrals which are not verified will not count in distribution.
3. The total ice in the app will be equally split between the months left in mainnet launch which is in October. Eg. if you have 2000 ice in app and months left in mainnet launch are 10 so you will receive 200 ice in your given wallet.
(I have 78 referrals and some of them (20)
have joined a few days ago and five of them have already done kyc step 1 and 2. I appreciate them) You should also join now to get benefit from it, the first distribution is done but don't worry after 28 days second distribution will occur So keep mining.
I hope you have understood ice distribution calculation through this post.
If you have any question ask me
in the comments....
#BTC #Solana-SOL #ETFsApproval #MANTA #ETH-ETF $BTC $BONK $TRB
if you don't have ice app, download it and use {mehedi45upwork} as referral code to get 10 free ice...
A lot of people are asking why they got less ice in wallet while they have more in ice app. The simple answer is that this is their regulation...
💰💰💰💰 Following are the regulations of ice distribution:🥳🥳🥳
1. The pre staked ice will not count in distribution.
2. Ice earned from referrals which are not verified will not count in distribution.
3. The total ice in the app will be equally split between the months left in mainnet launch which is in October. Eg. if you have 2000 ice in app and months left in mainnet launch are 10 so you will receive 200 ice in your given wallet.
(I have 78 referrals and some of them (20)
have joined a few days ago and five of them have already done kyc step 1 and 2. I appreciate them) You should also join now to get benefit from it, the first distribution is done but don't worry after 28 days second distribution will occur So keep mining.
I hope you have understood ice distribution calculation through this post.
If you have any question ask me
in the comments....
#BTC #Solana-SOL #ETFsApproval #MANTA #ETH-ETF $BTC $BONK $TRB
🚀 Here’s How Each Spot Bitcoin ETF Is Different
The Securities and Exchange Commission has given the green light to several Bitcoin ETFs, each with its unique features after an extensive review. Let's explore the distinctions that set them apart and empower investors with choices. 🌐💰
🔍 How the ETFs Differ: A Closer Look
While all approved Bitcoin ETFs align with SEC regulations, they showcase distinctive elements catering to varied investor preferences.
1️⃣ ETF Fees: A Range of Options
Bitwise leads with a minimal fee of 0.20%, while Grayscale's GBTC carries the highest fee at 1.5%.Other players like Ark 21Shares, VanEck, and Fidelity present competitive fee structures, offering investors flexibility.
2️⃣ ETFs Bitcoin Custodian: Diverse Approaches
Most ETFs rely on Coinbase Custody Trust, but VanEck (Gemini Custody), Valkyrie (Xapo Bank), and Fidelity (self-custody) take unique paths.
The choice of custodian adds layers to the diversity of these investment options.
3️⃣ Stock Exchanges: Where They Call Home
The common choices include NYSE, NASDAQ, and Cboe BZX Exchange, but Invesco Galaxy Bitcoin ETF stands out, listed on DTCC.
The exchange location can impact accessibility and visibility for investors.
4️⃣ Authorized Participants: Ensuring Liquidity
Key financial institutions like JP Morgan Securities, Jane Street, and Virtu Americas are enlisted by Bitcoin ETF issuers.
The participation of these entities enhances liquidity and efficiency in creating and redeeming shares.
🌐 Explore Your Options, Stay Informed!
Get ready to navigate the diverse landscape of Bitcoin ETFs! Whether you lean towards the low fees of Bitwise or the unique custodial approach of Fidelity, understanding these differences empowers you as an investor. 🚀💼
📰 For more in-depth insights into the crypto world, follow The Blockopedia!
#SECApprovalJourney #ETFsApproval #ETFTWEET #cryptocurrency #crypto2024
The Securities and Exchange Commission has given the green light to several Bitcoin ETFs, each with its unique features after an extensive review. Let's explore the distinctions that set them apart and empower investors with choices. 🌐💰
🔍 How the ETFs Differ: A Closer Look
While all approved Bitcoin ETFs align with SEC regulations, they showcase distinctive elements catering to varied investor preferences.
1️⃣ ETF Fees: A Range of Options
Bitwise leads with a minimal fee of 0.20%, while Grayscale's GBTC carries the highest fee at 1.5%.Other players like Ark 21Shares, VanEck, and Fidelity present competitive fee structures, offering investors flexibility.
2️⃣ ETFs Bitcoin Custodian: Diverse Approaches
Most ETFs rely on Coinbase Custody Trust, but VanEck (Gemini Custody), Valkyrie (Xapo Bank), and Fidelity (self-custody) take unique paths.
The choice of custodian adds layers to the diversity of these investment options.
3️⃣ Stock Exchanges: Where They Call Home
The common choices include NYSE, NASDAQ, and Cboe BZX Exchange, but Invesco Galaxy Bitcoin ETF stands out, listed on DTCC.
The exchange location can impact accessibility and visibility for investors.
4️⃣ Authorized Participants: Ensuring Liquidity
Key financial institutions like JP Morgan Securities, Jane Street, and Virtu Americas are enlisted by Bitcoin ETF issuers.
The participation of these entities enhances liquidity and efficiency in creating and redeeming shares.
🌐 Explore Your Options, Stay Informed!
Get ready to navigate the diverse landscape of Bitcoin ETFs! Whether you lean towards the low fees of Bitwise or the unique custodial approach of Fidelity, understanding these differences empowers you as an investor. 🚀💼
📰 For more in-depth insights into the crypto world, follow The Blockopedia!
#SECApprovalJourney #ETFsApproval #ETFTWEET #cryptocurrency #crypto2024
🚨The spot bitcoin ETF: Here's what happens when it starts trading🚨
Crypto investors are waiting for the Securities and Exchange Commission to approve a raft of spot bitcoin applications, likely Wednesday
With a spot bitcoin ETF now looking very. real, attention is turning to the details of how it will trade, how much it will cost, how much of the runup in bitcoin is due to demand that has been pulled forward, and premium or discount valuations.
#BTC #etf #ARB #XAI #ETFsApproval
🔥Read more👇
Crypto investors are waiting for the Securities and Exchange Commission to approve a raft of spot bitcoin applications, likely Wednesday
With a spot bitcoin ETF now looking very. real, attention is turning to the details of how it will trade, how much it will cost, how much of the runup in bitcoin is due to demand that has been pulled forward, and premium or discount valuations.
#BTC #etf #ARB #XAI #ETFsApproval
🔥Read more👇
LIVENFTSHITZ
--
🚨The spot bitcoin ETF:
Here's what happens when it starts trading
Crypto investors are waiting for the Securities and Exchange Commission to approve a raft of spot bitcoin applications, likely WednesdayWith a spot bitcoin ETF now looking very. real, attention is turning to the details of how it will trade, how much it will cost, how much of the runup in bitcoin is due to demand that has been pulled forward, and premium or discount valuations.Fees are competitive and will get more soWith nearly a dozen ETFs competing for attention, bitcoin buyers will be very price sensitive, and issuers are already engaged in a modest price war. For example, Cathie Wood's ARK Invest, which is partnering with 21Shares to launch a bitcoin ETF, initially announced a fee of 0.8% but on Monday announced no fee for the first six months.Other issuers are also steeply discounting prices, with several (Bitwise, ARK,Invesco) offering 0% fee for the first six months, while Grayscale is charging 1.5%.Spot bitcoin ETF feesBitwise (GBTC) 0.0% (after first six months: 0.24%)ARK Invest/21Shares (ARKB): 0.0% after first six months: 0.25%)Invesco Galaxy Bitcoin ETF (BTCO) 0.0% (after first six months: 0.59%)iShares Bitcoin Trust (IBIT) 0.20% (after first 12 months: 0.30%)VanEck Bitcoin Trust (HODL) 0.25%Franklin Templeton Digital Holdings Trust 0.29%Fidelity Wise Origin Bitcoin Trust (FBTC) 0.39%Wisdom Tree Bitcoin Trust (BTCW) 0.50%Valkyrie Bitcoin Fund (BTF) 0.80%Grayscale Bitcoin Trust (GBTC) 1.50%Invesco's Galaxy Bitcoin ETF has set its expense ratio at 0.0% for the initial six months and the first $5 billion in assets, and goes to 0.59% after.How will a spot bitcoin trade relative to bitcoin and bitcoin futures?One of the main questions is how well a spot bitcoin ETF will track bitcoin and bitcoin futures.Simeon Hyman, ProShares' global investment strategist who manages the largest bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO) that launched in October 2021, noted that bitcoin futures ETFs have tracked bitcoin "fairly well." But he also told me, "The spot market for bitcoin is still not mature. The futures market is regulated and mature.We'll have to wait and see how well they track against each other."Another issue is whether the bitcoin ETFs will trade at a premium or discount to their net asset value. In this case, the NAV is the value of the bitcoin owned by the ETF. Some are concerned that the creation and redemption process that was agreed upon to create spot bitcoin ETFs could result in a bitcoin ETF trading at a premium to its NAV.“Some of these ETFs will trade at a premium, and then as investors start to understand the nuances, that’s when we will filter out the nuances and the small points,” Reggie Brown, GTS co-Global Head of ETF Trading & Sales, told Bloomberg.Most market participants believe that any premiums will be small.Som Seif runs the Purpose Bitcoin ETF, the first bitcoin ETF to launch in Canada in 2021.“Our product trades extremely efficiently, with very tight spreads,” Seif told me. “You should see no impact on trading efficiency. There will be a breadth of players, and the underlying asset is very liquid.”Matt Hougan, CIO of Bitwise Asset Management, one of the applicants for a bitcoin ETF, agreed: “The underlying market is very liquid,” he told me. “We have been in the market buying and selling bitcoin for years. The main issue are, who gets the liquidity, and who wins on expenses.”How much money will these ETFs attract?It’s not clear how much new money will be dragged in once a spot bitcoin ETF trades.However, two ETF-related events have helped propel interest in bitcoin in the last two years:1) The beginning in trading of bitcoin futures ETFs (BITO), starting in October 2021, which helped move bitcoin from almost $10,000 in October of that year to over $40,000 by January 2022. The largest bitcoin futures ETF, ProShares bitcoin Strategy ETF (BITO), recently passed $2 billion in assets under management, according to ProShares.2) Blackrock’s application for a bitcoin ETF on June 16, 2023, helped moved bitcoin from roughly $25,000 to $30,000 in a matter of days.Brown estimated that the combined ETFs could have fairly significant inflows. “Thirty days out, it could be $2 billion-$3 billion,” he told Bloomberg, estimating it could attract $10-$20 billion in new assets this year.Still, considering the current market capitalization of bitcoin is near $900 billion, that is not huge inflows. The Canadian spot bitcoin ETF, the Purpose Bitcoin ETF, has about $400 million in assets after over two years.What’s next?The next issue, Hougan says, is whether the big institutions and financial advisors will allow their investors to trade bitcoin on their platforms.“Just because a bitcoin ETF has been launched, it doesn’t mean JP Morgan will get in,” Hougan said.After that, Hougan said the next big events will be the bitcoin halving in April, followed by any interest rate cuts from the Federal Reserve.“Higher interest rates are bad for non-yielding assets like bitcoin or gold,” he told me. “If you get 5% on cash, that’s tough competition.”#BTC #etf #ETFApprovalDreams #etfapproval #ARB Source:CNBC🙏Support Us🙏🙏To Give This Types of Post Regularly , Support Us by giving TIPS🙏 It’s really Motivates us when we get some Tips❤️
