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Bitwise Executive Says Ethereum ETF Is Close to the Finish Line đš
Katherine Dowling, the Chief Compliance Officer of Bitwise has expressed optimism on a near approval of spot Ethereum ETFs in the United States. This comes on the heels of spot ETFs S-1 amendments filed by issuers to the Securities and Exchange Commission (SEC). Crypto users await possible approvals to drive inflows in the market.
Bitwise Executive Points to Approvals
Bitwise CLO Katherine Dowling stated that Ethereum ETFs are close to the finish line of the launch. In a recent Bloomberg interview, she highlighted the status quo including other developments with the financial regulator. Responding to talks of Ethereum being a harder-to-sell asset than Bitcoin, Dowling answered in the negative noting that the asset has its market structure.
Furthermore, she added that products can be marketed more than currencies used to buy items but technology innovations with Bitwise increasing investment education efforts. Recently, all potential ETF issuers filed their amended S-1 with the SEC. Bitwise filing includes waiving the sponsor for $500 million in assets.
Competition Good For The Market
The Bitwise executive noted that it is great for investors for multiple issuers to get approved at once adding that the company sets itself apart as the crypt market specialist. Highlighting the companyâs strengths, she pointed to efforts with traders and other market factors. Several crypto users also share similar sentiments on the benefits of diverse ETF issuers. The launch of these products will drive investment in the market as it opens up a new investment window.
#SOFR_Spike #VanEck_SOL_ETFS #EFT
Katherine Dowling, the Chief Compliance Officer of Bitwise has expressed optimism on a near approval of spot Ethereum ETFs in the United States. This comes on the heels of spot ETFs S-1 amendments filed by issuers to the Securities and Exchange Commission (SEC). Crypto users await possible approvals to drive inflows in the market.
Bitwise Executive Points to Approvals
Bitwise CLO Katherine Dowling stated that Ethereum ETFs are close to the finish line of the launch. In a recent Bloomberg interview, she highlighted the status quo including other developments with the financial regulator. Responding to talks of Ethereum being a harder-to-sell asset than Bitcoin, Dowling answered in the negative noting that the asset has its market structure.
Furthermore, she added that products can be marketed more than currencies used to buy items but technology innovations with Bitwise increasing investment education efforts. Recently, all potential ETF issuers filed their amended S-1 with the SEC. Bitwise filing includes waiving the sponsor for $500 million in assets.
Competition Good For The Market
The Bitwise executive noted that it is great for investors for multiple issuers to get approved at once adding that the company sets itself apart as the crypt market specialist. Highlighting the companyâs strengths, she pointed to efforts with traders and other market factors. Several crypto users also share similar sentiments on the benefits of diverse ETF issuers. The launch of these products will drive investment in the market as it opens up a new investment window.
#SOFR_Spike #VanEck_SOL_ETFS #EFT
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BitEagle News
--
Billionaires in world = 3,194
Millionaires in world = 59,400,000
Total supply of Bitcoin = 21,000,000
Total Bitcoin Lost = 6,000,000 ( Almost 30% )
So actual supply is only - 15,000,000
Now you can do the math.
Whatever you do, Try to accumulate
atleast one Full Bitcoin.
#Bitcoin #Write2Earn #etf
Millionaires in world = 59,400,000
Total supply of Bitcoin = 21,000,000
Total Bitcoin Lost = 6,000,000 ( Almost 30% )
So actual supply is only - 15,000,000
Now you can do the math.
Whatever you do, Try to accumulate
atleast one Full Bitcoin.
#Bitcoin #Write2Earn #etf
Bitcoin: Could BTC Hit $45K by the Start of 2024?
BTC Hit $45K by the Start of 2024?
Table of Contents
Crypto News
Bitcoin: Could BTC Hit $45K by the Start of 2024?
JP
JP
Bitcoin ETF
ETF
Bitcoin
BTC
Spot
SPOT
View
VIEW
TheBitTimes
By TheBitTimes
22m ago
âą
4 mins read
Bitcoin: Could BTC Hit $45K by the Start of 2024?
Table of Contents
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
The prevalence of the industryâs most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could Bitcoin (BTC) actually reach $45,000 by the start of 2024?
Following a false report of Spot Bitcoin ETF approval, the crypto surged across various platforms. Specifically, on Binannceâs BTC and USDT markets, the price had increased from $27.883 to $30,000 in just 30 minutes. Therefore, could that 7% rapid jump catapult the asset when approval comes to fruition?
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, it may be headed for a different stratosphere amid overall market changes this year.
Indeed, Bitcoin (BTC) could be on its way to $45,000 by the start of 2024. The bullish prediction is connected to the widely held b$BTC elief that Spot Bitcoin ETF approval is on the horizon. Specifically, experts like Mike Novogratz, Coinbase, and JP Morgan have stated their expectations for approval before the year ends.
#xrp #BTC #EFT #ETH
BTC Hit $45K by the Start of 2024?
Table of Contents
Crypto News
Bitcoin: Could BTC Hit $45K by the Start of 2024?
JP
JP
Bitcoin ETF
ETF
Bitcoin
BTC
Spot
SPOT
View
VIEW
TheBitTimes
By TheBitTimes
22m ago
âą
4 mins read
Bitcoin: Could BTC Hit $45K by the Start of 2024?
Table of Contents
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
The prevalence of the industryâs most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could Bitcoin (BTC) actually reach $45,000 by the start of 2024?
Following a false report of Spot Bitcoin ETF approval, the crypto surged across various platforms. Specifically, on Binannceâs BTC and USDT markets, the price had increased from $27.883 to $30,000 in just 30 minutes. Therefore, could that 7% rapid jump catapult the asset when approval comes to fruition?
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, it may be headed for a different stratosphere amid overall market changes this year.
Indeed, Bitcoin (BTC) could be on its way to $45,000 by the start of 2024. The bullish prediction is connected to the widely held b$BTC elief that Spot Bitcoin ETF approval is on the horizon. Specifically, experts like Mike Novogratz, Coinbase, and JP Morgan have stated their expectations for approval before the year ends.
#xrp #BTC #EFT #ETH
Coinbase's Massive $7 Billion Bitcoin Sale Raises Concerns Amid ETF Surge
The exchange's massive OTC transaction sparks market concerns amid ETF trading debut.
Bitcoin's -6.55% one-day drop prompts questions about Coinbase's Bitcoin reserves and potential market impact.
With Coinbase as custodian for 8 of 11 major ETFs, its actions may reverberate throughout the market.
In a surprising turn of events, Coinbase, the leading cryptocurrency exchange, reportedly executed a staggering $7 billion worth of Bitcoin (BTC) sales through over-the-counter (OTC) channels on the first day of Exchange-Traded Fund (ETF) trading. Since Coinbase is one of the 8 custodians out of 11 major ETFs, its move has sparked discussions about the exchangeâs Bitcoin reserves.
In a recent tweet, crypto analyst Lark Davis reveals Coinbase's staggering $7B Bitcoin sale on ETF trading's first day. Custodian concerns arise:
On the other side of the spectrum, blockchain data analyst Ki Young Ju sheds light on the significant outflows from Grayscale wallets. It had sent 21.4k $BTC to various addresses, including Coinbase, in the previous 30 days. The sell-off, coinciding with a -6.55% dip in Bitcoin's value to 43k level, has ignited discussions about Coinbase's ability to sustain such high trading volumes. With Bitcoin's market cap also experiencing a -6.44% decline to $845,139,262,305, investors are closely monitoring the potential impact on the cryptocurrency giant's reserves and market dynamics.
#EFT #BTC
The exchange's massive OTC transaction sparks market concerns amid ETF trading debut.
Bitcoin's -6.55% one-day drop prompts questions about Coinbase's Bitcoin reserves and potential market impact.
With Coinbase as custodian for 8 of 11 major ETFs, its actions may reverberate throughout the market.
In a surprising turn of events, Coinbase, the leading cryptocurrency exchange, reportedly executed a staggering $7 billion worth of Bitcoin (BTC) sales through over-the-counter (OTC) channels on the first day of Exchange-Traded Fund (ETF) trading. Since Coinbase is one of the 8 custodians out of 11 major ETFs, its move has sparked discussions about the exchangeâs Bitcoin reserves.
In a recent tweet, crypto analyst Lark Davis reveals Coinbase's staggering $7B Bitcoin sale on ETF trading's first day. Custodian concerns arise:
On the other side of the spectrum, blockchain data analyst Ki Young Ju sheds light on the significant outflows from Grayscale wallets. It had sent 21.4k $BTC to various addresses, including Coinbase, in the previous 30 days. The sell-off, coinciding with a -6.55% dip in Bitcoin's value to 43k level, has ignited discussions about Coinbase's ability to sustain such high trading volumes. With Bitcoin's market cap also experiencing a -6.44% decline to $845,139,262,305, investors are closely monitoring the potential impact on the cryptocurrency giant's reserves and market dynamics.
#EFT #BTC
The Bitcoin ETFs couldn't handle such a massive influx of money anymore, just like I mentioned last week. They had to adapt! CoinShares reported that for the second consecutive day, net flows for Bitcoin spot ETFs were negative. This could be attributed to increased outflows from Grayscale and decreased demand for new US ETFs.
Traditional investors (think of those in the movie "The Wolf of Wall Street") don't fully trust the cryptocurrency market. Those who got into ETFs were aware of the volatility, but as soon as they saw even a small correction, they felt the adrenaline rush!
Plus, in my opinion, regulated markets will never let ETFs become too attractive, as they could take away interest from other company stocks.
It's all a play on words, isn't it? If you find this world hard to grasp, you should follow the right people so we can lend you a hand ;-)
Facts, not just words! I'll leave you with a screenshot with the data so you can verify the information (in case you have any doubts about what I'm saying).
â€ïž If you found this information helpful, please take a moment to show some love by giving a thumbs up. Your generosity enables me to continue delivering quality content.
#TrendingTopic #EFT
Traditional investors (think of those in the movie "The Wolf of Wall Street") don't fully trust the cryptocurrency market. Those who got into ETFs were aware of the volatility, but as soon as they saw even a small correction, they felt the adrenaline rush!
Plus, in my opinion, regulated markets will never let ETFs become too attractive, as they could take away interest from other company stocks.
It's all a play on words, isn't it? If you find this world hard to grasp, you should follow the right people so we can lend you a hand ;-)
Facts, not just words! I'll leave you with a screenshot with the data so you can verify the information (in case you have any doubts about what I'm saying).
â€ïž If you found this information helpful, please take a moment to show some love by giving a thumbs up. Your generosity enables me to continue delivering quality content.
#TrendingTopic #EFT
#HotTrends
MY SHARE OF INSIGHT ON A ETHEREUM EFT APPROVAL #EFT
The likelihood of an Ethereum ETF approval by May has significantly decreased, with analysts now setting the probability at around 30-35%
. This shift in perspective is due to a lack of activity among relevant parties, particularly the SEC, despite recent discussions between Coinbase, Grayscale, and the SEC regarding the potential conversion of Grayscaleâs Ethereum Trust into an ETF
. The absence of clear progress has led to growing skepticism about the regulatory green light for Ethereum ETFs, contrasting the more optimistic stance held previously
.
While some industry observers like Variant Fundâs Chief Legal Officer remain cautiously optimistic about clearer signals from the SEC in the upcoming weeks, major investment banks such as JPMorgan and TD Cowen project an unlikely approval by May
. Despite these lowered expectations, there is still a belief that an ETH ETF could be approved sometime this year, even if not in May
MY SHARE OF INSIGHT ON A ETHEREUM EFT APPROVAL #EFT
The likelihood of an Ethereum ETF approval by May has significantly decreased, with analysts now setting the probability at around 30-35%
. This shift in perspective is due to a lack of activity among relevant parties, particularly the SEC, despite recent discussions between Coinbase, Grayscale, and the SEC regarding the potential conversion of Grayscaleâs Ethereum Trust into an ETF
. The absence of clear progress has led to growing skepticism about the regulatory green light for Ethereum ETFs, contrasting the more optimistic stance held previously
.
While some industry observers like Variant Fundâs Chief Legal Officer remain cautiously optimistic about clearer signals from the SEC in the upcoming weeks, major investment banks such as JPMorgan and TD Cowen project an unlikely approval by May
. Despite these lowered expectations, there is still a belief that an ETH ETF could be approved sometime this year, even if not in May
Free signal
BTC long 10X
Entry ~ 42850
Tp1 43150
Tp2 43420
Tp3 43780
Tp4 44050
Stop loss 42540
#BinanceTournament #BTC #wallets. #EFT
BTC long 10X
Entry ~ 42850
Tp1 43150
Tp2 43420
Tp3 43780
Tp4 44050
Stop loss 42540
#BinanceTournament #BTC #wallets. #EFT
#BTCđ„đ„#EFT QCP: Macros Forces And Not Spot Bitcoin ETF Led to Recent BTC Price Rally, Will It Continue?
The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally.
The crypto community has been celebrating Bitcoinâs phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.
The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally.
The crypto community has been celebrating Bitcoinâs phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.
#SEC #EFT #BTC Bitcoinâs Open Interest Movement: A Significant Trend to Watch
The cryptocurrency market is experiencing a notable resurgence with the skyrocketing prices of Bitcoin (BTC) and many other altcoins, sparking debates about a possible new bull market. The recent volatility in the market indicates that cryptocurrencies are regaining investorsâ trust and they are investing in riskier assets amidst renewed optimism.
Bitcoinâs Open Interest Movement
The largest cryptocurrency, Bitcoin, experienced a rally triggered by false news initially claiming that the SEC had given the green light to BlackRockâs spot Bitcoin ETF. During that time, Bitcoinâs open interest significantly increased, drawing the attention of market participants. However, after the news of the approval for the spot Bitcoin ETF was debunked, there was a significant drop of $600 million in open interest.
According to CoinGlass data, Bitcoinâs open interest is currently approaching the $15 billion mark, standing at $14.91 billion. Open interest represents the total number of outstanding derivative contracts, such as options or futures, that have yet to be settled. It provides data on the liquidity and interest in a particular contract by focusing on each open position within the contract. It helps measure whether there is an increase or decrease in capital inflows into the contract.
The cryptocurrency market is experiencing a notable resurgence with the skyrocketing prices of Bitcoin (BTC) and many other altcoins, sparking debates about a possible new bull market. The recent volatility in the market indicates that cryptocurrencies are regaining investorsâ trust and they are investing in riskier assets amidst renewed optimism.
Bitcoinâs Open Interest Movement
The largest cryptocurrency, Bitcoin, experienced a rally triggered by false news initially claiming that the SEC had given the green light to BlackRockâs spot Bitcoin ETF. During that time, Bitcoinâs open interest significantly increased, drawing the attention of market participants. However, after the news of the approval for the spot Bitcoin ETF was debunked, there was a significant drop of $600 million in open interest.
According to CoinGlass data, Bitcoinâs open interest is currently approaching the $15 billion mark, standing at $14.91 billion. Open interest represents the total number of outstanding derivative contracts, such as options or futures, that have yet to be settled. It provides data on the liquidity and interest in a particular contract by focusing on each open position within the contract. It helps measure whether there is an increase or decrease in capital inflows into the contract.
đ°Follow me for more crypto signalsđ°
#BTC #EFT
Considering a bullish outlook on BTC ETF with Pendle/USDT at 20X leverage:
âŹïž - Long Entry: Between $1.4380 and $1.4400
đŻ - Targets: $1.4700, $1.4800, $1.4900
â - Stop Loss: $1.3750
#swap_crypto #etf #FollowForUpdates
#BTC #EFT
Considering a bullish outlook on BTC ETF with Pendle/USDT at 20X leverage:
âŹïž - Long Entry: Between $1.4380 and $1.4400
đŻ - Targets: $1.4700, $1.4800, $1.4900
â - Stop Loss: $1.3750
#swap_crypto #etf #FollowForUpdates
đ As we bid adieu to 2023, let's usher in the new era of 2024 with a fresh start in Binance Trading. đ Gear up for success by implementing improved strategies to navigate the dynamic crypto landscape. đ Get ready to ride the waves of opportunity and embark on a thrilling journey to financial growth! đč Let's make every trade count and embrace the exciting possibilities that the new year brings. đ #BinanceTrading #NewBeginnings #CryptoAdventures #Launchpool #EFT $BTC $SOL $ORDI #MS_CryptoX
