ETFApprovalDreams
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Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges
U.S. spot bitcoin exchange-traded funds (ETFs) appear to be on the verge of launching after the exchanges that will list them filed amended documents, suggesting they expect U.S. Securities and Exchange Commission approval in the coming days.The amended 19b-4 filings, filed on behalf of #BTC #ETFApprovalDreams and issuers, join last month's amended S-1 filings, addressing feedback from the U.S. Securities and Exchange Commission (SEC). More than a dozen applicants hope to launch the first spot bitcoin ETFs in the U.S.; it's likely multiple issuers will be approved simultaneously.Individuals at two different issuers told CoinDesk on Thursday that their companies anticipate approvals sometime next week.One of the individuals told CoinDesk that filing the amendments did not mean approvals were guaranteed but said they were optimistic.A final deadline for SEC action for at least one application, by Ark 21 Shares, is Jan. 10, suggesting the regulator may approve all of the final applications it is comfortable with by that date.This filing "is another important step towards uplisting GBTC as a spot bitcoin ETF," Grayscale spokeswoman Jenn Rosenthal said in a statement, referring to the company's bitcoin trust that it wants to turn into an ETF. "At Grayscale, we continue to work collaboratively with the SEC, and we remain ready to operate GBTC as an ETF upon receipt of regulatory approvals."#BinanceExchange #etf
This is a lie, 𝕏 was not hacked.
A simswap attack and the absence of 2 factor authentication compromised the SEC's account.
A Simswap is a 3rd party service provider issue.
Not enabling 2FA is a user competence issue.
#etf #ETFApprovalDreams #ETFsApproval #SECApprovalJourney
A simswap attack and the absence of 2 factor authentication compromised the SEC's account.
A Simswap is a 3rd party service provider issue.
Not enabling 2FA is a user competence issue.
#etf #ETFApprovalDreams #ETFsApproval #SECApprovalJourney
LIVE
ZeusInCrypto
--
🚨BREAKING: MULTIPLE #BTC SPOT ETF’S TO BE APPROVED POTENTIALLY AS EARLY AS TOMORROW!!!!! #DYOR。
#etf #XAI
#etf #XAI
#LRC/USDT
long
💖💖🌪️🌪️🎉🎉🎉🎉
entry point 👉👉👉👉 0.2500 . 0.2600
💖✨✨💖💖
leverage 50x with 1x
croos
TP 0.2650
TP 0.2700
TP 0.2750
TP 0.2800
TP 0. 2900
#BTC #ETFApprovalDreams #XAI
long
💖💖🌪️🌪️🎉🎉🎉🎉
entry point 👉👉👉👉 0.2500 . 0.2600
💖✨✨💖💖
leverage 50x with 1x
croos
TP 0.2650
TP 0.2700
TP 0.2750
TP 0.2800
TP 0. 2900
#BTC #ETFApprovalDreams #XAI
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⚡️ Turkish treasury and finance minister Mehmet Şimşek stated that regulations on cryptocurrency are about to come, but they will not be tax-oriented.
Don't forget to follow and turn on notifications for more instant news!
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
#ETFApprovalDreams #etf #ARB #Regulation #MemeCoinRevolution
Don't forget to follow and turn on notifications for more instant news!
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
#ETFApprovalDreams #etf #ARB #Regulation #MemeCoinRevolution
Bitcoin Price Prediction 🚀💹
As we navigate the dynamic landscape of the Bitcoin market, the spotlight for the next two days converges on crucial aspects. Let's delve into the key considerations shaping the near-term trajectory of $BTC
Firstly, all eyes are on whether we witness a "sell-the-fact" reaction post the approval of spot Bitcoin ETFs, as cautioned by numerous analysts. The term "sell-the-fact" denotes the phenomenon where investors seize the opportunity to profit aggressively following a positive catalyst.
Secondly, the inaugural day of spot Bitcoin ETF trading takes center stage. Investors are poised to scrutinize ETF trading volumes and the influx of funds into these novel investment vehicles.
It's essential to bear in mind that a considerable amount of recycling is anticipated – a shift of funds from Bitcoin futures ETFs to spot Bitcoin ETFs, maintaining a market-neutral stance.
Navigating short-term Bitcoin price predictions is challenging amidst the uncertainties surrounding these pivotal factors. However, a glimpse at chart analysis suggests a prevailing bullish bias in Bitcoin trade.
#BTC demonstrated a persistent upward trend in recent weeks, steadfastly maintaining its position above both the 21 and 50-day moving averages (DMAs).
As the crypto narrative unfolds, staying informed is key. Follow @MemeLauncher for ongoing insights into the crypto realm. Like, share, and join the conversation as we explore the exciting journey ahead!
#ETFsApproval #BTCETFS #ETFApprovalDreams #BTCRally2024
As we navigate the dynamic landscape of the Bitcoin market, the spotlight for the next two days converges on crucial aspects. Let's delve into the key considerations shaping the near-term trajectory of $BTC
Firstly, all eyes are on whether we witness a "sell-the-fact" reaction post the approval of spot Bitcoin ETFs, as cautioned by numerous analysts. The term "sell-the-fact" denotes the phenomenon where investors seize the opportunity to profit aggressively following a positive catalyst.
Secondly, the inaugural day of spot Bitcoin ETF trading takes center stage. Investors are poised to scrutinize ETF trading volumes and the influx of funds into these novel investment vehicles.
It's essential to bear in mind that a considerable amount of recycling is anticipated – a shift of funds from Bitcoin futures ETFs to spot Bitcoin ETFs, maintaining a market-neutral stance.
Navigating short-term Bitcoin price predictions is challenging amidst the uncertainties surrounding these pivotal factors. However, a glimpse at chart analysis suggests a prevailing bullish bias in Bitcoin trade.
#BTC demonstrated a persistent upward trend in recent weeks, steadfastly maintaining its position above both the 21 and 50-day moving averages (DMAs).
As the crypto narrative unfolds, staying informed is key. Follow @MemeLauncher for ongoing insights into the crypto realm. Like, share, and join the conversation as we explore the exciting journey ahead!
#ETFsApproval #BTCETFS #ETFApprovalDreams #BTCRally2024
🚨🏦 Standard Charter Bank says Bitcoin could see $50-100 billion in spot ETF inflows upon approval in 2024.
They Also Said that: Bitcoin could reach $200,000 by end of 2025 if Spot ETFs are approved.
@CZ #BTC #ETFApprovalDreams #Finance #CryptoNews $BTC
They Also Said that: Bitcoin could reach $200,000 by end of 2025 if Spot ETFs are approved.
@CZ #BTC #ETFApprovalDreams #Finance #CryptoNews $BTC
🚀 Bitcoin Spot ETFs - 5 Key Events to Monitor! 📅💡
Exciting times are upon us as the race for Bitcoin spot ETFs hits a crucial juncture this week. Here are 5 pivotal events to keep a close eye on, as highlighted by Nate Geraci, the co-founder of The ETF Institute. 🕵️♂️
1. SEC's Final Decision: January 10 Voting Day! 🗳️
The United States Securities and Exchange Commission (SEC) holds the key to the future of spot Bitcoin ETFs. A final decision on the proposed rule change is expected on January 10. Despite optimistic speculations, Bloomberg's Senior ETF Analyst, Eric Balchunas, notes a 5% chance of rejection. Buckle up for potential market reactions!
2. Fee Disclosures: The Battle for Competitive Edge! 💸
Top applicants, including BlackRock and Grayscale Investments, may release updated fee disclosures. With a keen focus on fees, each issuer aims to outshine competitors, particularly Fidelity Investments, whose fee rate is capped at 0.39%. The fee landscape will play a crucial role in market dominance.
3. SEC's Greenlight: Launch Imminent? 🚀
If all regulatory dominos fall in place, the SEC's approval vote could lead to the launch of Spot Bitcoin ETF as early as Thursday, January 11. Eyes are on the Division of Trading & Markets for 19b-4 filings and the Division of Corporate Finance for S-1 applications.
4. Grayscale's Strategic Move: Uplisting Potential! 📈
Anticipation surrounds Grayscale Bitcoin Trust's potential uplisting move by Grayscale Investments. With over $27 billion in GBTC, this move could propel it into the top 60 ETFs by Asset Under Management (AUM) right at launch. Will Grayscale join the trend and make waves in the ETF landscape?
5. Marketing Wars Begin: Attracting Traders and Investors! 📣
As the ETF race heats up, marketing becomes a battleground. Asset managers like VanEck and Bitwise have already entered the ring, releasing commercials to promote their products.
🌐 Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Insights! 🚀📰
#BitcoinETF💰💰💰 #ETFApprovalDreams #etfsaga #cryptocurrency #crypto2024
Exciting times are upon us as the race for Bitcoin spot ETFs hits a crucial juncture this week. Here are 5 pivotal events to keep a close eye on, as highlighted by Nate Geraci, the co-founder of The ETF Institute. 🕵️♂️
1. SEC's Final Decision: January 10 Voting Day! 🗳️
The United States Securities and Exchange Commission (SEC) holds the key to the future of spot Bitcoin ETFs. A final decision on the proposed rule change is expected on January 10. Despite optimistic speculations, Bloomberg's Senior ETF Analyst, Eric Balchunas, notes a 5% chance of rejection. Buckle up for potential market reactions!
2. Fee Disclosures: The Battle for Competitive Edge! 💸
Top applicants, including BlackRock and Grayscale Investments, may release updated fee disclosures. With a keen focus on fees, each issuer aims to outshine competitors, particularly Fidelity Investments, whose fee rate is capped at 0.39%. The fee landscape will play a crucial role in market dominance.
3. SEC's Greenlight: Launch Imminent? 🚀
If all regulatory dominos fall in place, the SEC's approval vote could lead to the launch of Spot Bitcoin ETF as early as Thursday, January 11. Eyes are on the Division of Trading & Markets for 19b-4 filings and the Division of Corporate Finance for S-1 applications.
4. Grayscale's Strategic Move: Uplisting Potential! 📈
Anticipation surrounds Grayscale Bitcoin Trust's potential uplisting move by Grayscale Investments. With over $27 billion in GBTC, this move could propel it into the top 60 ETFs by Asset Under Management (AUM) right at launch. Will Grayscale join the trend and make waves in the ETF landscape?
5. Marketing Wars Begin: Attracting Traders and Investors! 📣
As the ETF race heats up, marketing becomes a battleground. Asset managers like VanEck and Bitwise have already entered the ring, releasing commercials to promote their products.
🌐 Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Insights! 🚀📰
#BitcoinETF💰💰💰 #ETFApprovalDreams #etfsaga #cryptocurrency #crypto2024
With the $BTC ETF approval around the corner, are we looking into Sell the News event or GOD candle pump following the approval news? 🚨
I am personally VERY BULLISH as that would mean step forward towards mass adoption and retail investments 🚀
It is likely possible to see 20-30% price corrections but overall it should be NET BULLISH for the crypto space 🚀
Tell me what is your sentiment in the days prior to imminent $BTC ETF approval and what is your strategy in the following month prior to halving?
#BTC #ETFApprovalDreams #CryptoPredictions2024
I am personally VERY BULLISH as that would mean step forward towards mass adoption and retail investments 🚀
It is likely possible to see 20-30% price corrections but overall it should be NET BULLISH for the crypto space 🚀
Tell me what is your sentiment in the days prior to imminent $BTC ETF approval and what is your strategy in the following month prior to halving?
#BTC #ETFApprovalDreams #CryptoPredictions2024
A Bitcoin exchange-traded fund (ETF) is a type of investment fund that tracks the price of Bitcoin. It allows investors to buy shares that represent ownership in Bitcoin without needing to directly hold or store the cryptocurrency themselves. The ETF's value typically mirrors the price movements of Bitcoin.
These funds are traded on traditional stock exchanges, making it easier for investors to gain exposure to Bitcoin's price fluctuations through regulated markets. ETFs are subject to regulatory approvals and can provide a more accessible and familiar investment vehicle for those interested in Bitcoin without directly owning it.
#BTC #ETFApprovalDreams
These funds are traded on traditional stock exchanges, making it easier for investors to gain exposure to Bitcoin's price fluctuations through regulated markets. ETFs are subject to regulatory approvals and can provide a more accessible and familiar investment vehicle for those interested in Bitcoin without directly owning it.
#BTC #ETFApprovalDreams
Whoever have huge cash available and wants to buy some
Current price buy now in partwise follow but must buy now 40% atleast
1) Buy SOME XAI 1.25 to 0.90 dollar .
2)buy some portal 2.25 to 1.80 dollar .
3) buy some GLMR 0.57 TO 0.40 (MUST BUY 50% ATLEAST)
4) BUY SOME fet 2.54 to 2.30 (my buy 0.30)
5) buy gmt at most cheapest at 0.30 (sleeping gaint)
6) must buy polyx now 0.24 (10x in bull Run)
7) buy some work x coin too (must) 50x to 100x
8) buy some rats 1000 in spot 0.32 to 25 best buying zone
comment too thanks me later$BTC $ETH $SOL
#HOTTRENDS #Btc-halving #MemecoinMadness #ETFApprovalDreams #Write2Earn
Current price buy now in partwise follow but must buy now 40% atleast
1) Buy SOME XAI 1.25 to 0.90 dollar .
2)buy some portal 2.25 to 1.80 dollar .
3) buy some GLMR 0.57 TO 0.40 (MUST BUY 50% ATLEAST)
4) BUY SOME fet 2.54 to 2.30 (my buy 0.30)
5) buy gmt at most cheapest at 0.30 (sleeping gaint)
6) must buy polyx now 0.24 (10x in bull Run)
7) buy some work x coin too (must) 50x to 100x
8) buy some rats 1000 in spot 0.32 to 25 best buying zone
comment too thanks me later$BTC $ETH $SOL
#HOTTRENDS #Btc-halving #MemecoinMadness #ETFApprovalDreams #Write2Earn
🚨 BREAKING 🚨
SOMEONE BOUGHT 26.91 BITCOIN
ON BINANCE AND SENT IT ALL TO
THE SATOSHI NAKAMOTO ADDRESS.
THATS $1,170,000 WORTH BTC 🔥
CAN YOU GUESS WHO THIS WHALE
COULD BE?
#BTC #ETFApprovalDreams #BTCETFSPOT
$BTC $ETH $XRP
SOMEONE BOUGHT 26.91 BITCOIN
ON BINANCE AND SENT IT ALL TO
THE SATOSHI NAKAMOTO ADDRESS.
THATS $1,170,000 WORTH BTC 🔥
CAN YOU GUESS WHO THIS WHALE
COULD BE?
#BTC #ETFApprovalDreams #BTCETFSPOT
$BTC $ETH $XRP
LIVE
Binance News
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SEC May Approve Spot Bitcoin ETF Without Public Vote
According to Blockworks, the US Securities and Exchange Commission (SEC) might approve a spot bitcoin ETF without a public vote. The SEC's next meeting is scheduled for January 11, one day after the deadline to approve or deny Ark and 21Shares' proposal. Although SEC meetings are publicly disclosed, Chair Gary Gensler could choose a seriatim vote on bitcoin ETF applications, allowing votes to be collected without publicly convening a meeting.
Seriatim votes are circulated one by one to each commissioner, with the matter moving forward to the next commissioner after the previous one has cast a vote. This process can be tricky, as one commissioner can hold onto a seriatim, effectively creating a 'desk drawer veto.' The commission has sometimes decided not to conduct a vote on crypto ETFs, opting instead to delegate authority to staff to conserve resources.
SEC Commissioner Hester Peirce stated in June 2022 that many early bitcoin exchange-traded product denials were issued by staff under delegated authority. Matters of delegated authority can be challenged by individual commissioners, who have up to ten days after the decision date to call for a full commission vote, which lengthens the process. In theory, a spot bitcoin ETF could be approved by staff under delegated authority but then denied by a commissioner vote.
Historically, commissioners have voted on some crypto ETFs. In January 2023, Gensler, Commissioner Caroline Crenshaw, and Commissioner Jamie Lizárraga voted to deny Ark and 21Shares' Bitcoin ETF. In June 2023, the agency voted on three additional ETF applications unrelated to crypto. In 2018, under former SEC Chair Jay Clayton, commissioners unanimously voted to deny the GraniteShares and ProShares bitcoin ETFs.
The SEC declined to comment on whether a vote will take place this week. An SEC spokesperson told Blockworks that if the Commission declares a registration statement effective, it will be reflected on EDGAR, and any Commission 19b-4 orders will be posted on the SEC website and published in the Federal Register.
Seriatim votes are circulated one by one to each commissioner, with the matter moving forward to the next commissioner after the previous one has cast a vote. This process can be tricky, as one commissioner can hold onto a seriatim, effectively creating a 'desk drawer veto.' The commission has sometimes decided not to conduct a vote on crypto ETFs, opting instead to delegate authority to staff to conserve resources.
SEC Commissioner Hester Peirce stated in June 2022 that many early bitcoin exchange-traded product denials were issued by staff under delegated authority. Matters of delegated authority can be challenged by individual commissioners, who have up to ten days after the decision date to call for a full commission vote, which lengthens the process. In theory, a spot bitcoin ETF could be approved by staff under delegated authority but then denied by a commissioner vote.
Historically, commissioners have voted on some crypto ETFs. In January 2023, Gensler, Commissioner Caroline Crenshaw, and Commissioner Jamie Lizárraga voted to deny Ark and 21Shares' Bitcoin ETF. In June 2023, the agency voted on three additional ETF applications unrelated to crypto. In 2018, under former SEC Chair Jay Clayton, commissioners unanimously voted to deny the GraniteShares and ProShares bitcoin ETFs.
The SEC declined to comment on whether a vote will take place this week. An SEC spokesperson told Blockworks that if the Commission declares a registration statement effective, it will be reflected on EDGAR, and any Commission 19b-4 orders will be posted on the SEC website and published in the Federal Register.
they dnt approve #ETFApprovalDreams ,coz why they buy at high ,why they gave us a profit think about it ,the #etf drama will continue for couple of months 😅🤣
Major Bitcoin ETF Contenders Update S1 Filings, Slash Fees in Intense Competition
January 8, 2024In a synchronized move, major financial institutions, including Blackrock, Ark, WisdomTree, and Invesco Galaxy, updated their S1 filings with the U.S. Securities and Exchange Commission today, marking a critical development in the race for the first spot Bitcoin ETF approval.Ark takes an aggressive stance by reducing its fee from 0.8% to 0.25% and offering a fee waiver for the first six months or the initial $1 billion in assets, intensifying the competitive landscape among Bitcoin ETF issuers.Blackrock's latest filing outlines a 0.3% fee, positioning it as the fourth lowest among known fees. Additionally, for the initial twelve months and the first $5 billion in funds, Blackrock plans to implement a promotional 0.2% fee, making it a compelling option for potential investors.Bitwise, currently leading with the lowest fee, recently updated its filing to announce a 0.24% fee, with six months at 0%, altering the competitive dynamics. Ark and VanEck, both filing today, follow closely as the second lowest fees, both at 0.25%.Blackrock further disclosed the net asset value of the Trust as of January 5, 2024, standing at $9,980,032.71, with a NAV of $24.95.Invesco Galaxy ETF, set to trade under the ticker BTCO, revealed a 0.59% fee and noted it has seeded approximately $4.8 million in Bitcoin to date.WisdomTree's ETF, with fees set at 0.5%, disclosed a seed capital investment of $2.5 million, emphasizing the growing financial commitments in the pursuit of the first spot Bitcoin ETF in the United States. As the final stages of potential approval unfold, these developments underscore the intense competition and strategic fee adjustments among major players in the cryptocurrency investment landscape.#ETFApproval2024 #ETFApprovalDreams #ETFDecisionComingSoon #etfsaga #BitcoinETF💰💰💰 $BTC
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Spot Bitcoin ETFs Could Trade 8% Above Fair Value: Renowned Expert
In a recent interview with Bloomberg, Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, shared insightful predictions regarding the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs). Browne foresees these ETFs trading at a significant premium, estimating as high as 8% above their net asset value (NAV).
Why Spot Bitcoin ETFs Could Trade At A 8% Premium To NAV
“I think the spreads will be very competitive and tight. The market maker community is resilient and prepared to offer a lot of liquidity,” Browne stated. However, he highlighted a critical concern, saying, “I think it’s going to be the premium to NAV… US broker dealers can’t trade Bitcoin cash inside their broker dealers. So you’re going to have to trade hedges over futures and trade it on a premium, and then take that off, and I think there is a lot of complexity there.”
This complexity, according to Browne, arises from the cash creation model forced by the SEC and regulatory constraints that limit direct Bitcoin trading within US broker dealers, compelling them to rely on futures for hedging. He expressed, “What I think, potentially, you could see 8% of premium above fair value. It’s a big number, but let’s see how it plays out.”
#BTC #ETFApprovalDreams #STX #tia #ai
$BTC $ETH $BNB
In a recent interview with Bloomberg, Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, shared insightful predictions regarding the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs). Browne foresees these ETFs trading at a significant premium, estimating as high as 8% above their net asset value (NAV).
Why Spot Bitcoin ETFs Could Trade At A 8% Premium To NAV
“I think the spreads will be very competitive and tight. The market maker community is resilient and prepared to offer a lot of liquidity,” Browne stated. However, he highlighted a critical concern, saying, “I think it’s going to be the premium to NAV… US broker dealers can’t trade Bitcoin cash inside their broker dealers. So you’re going to have to trade hedges over futures and trade it on a premium, and then take that off, and I think there is a lot of complexity there.”
This complexity, according to Browne, arises from the cash creation model forced by the SEC and regulatory constraints that limit direct Bitcoin trading within US broker dealers, compelling them to rely on futures for hedging. He expressed, “What I think, potentially, you could see 8% of premium above fair value. It’s a big number, but let’s see how it plays out.”
#BTC #ETFApprovalDreams #STX #tia #ai
$BTC $ETH $BNB
