ETFBitcoin
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đşđ˛ Just in: Spot #BTCâ ETF applicant VanEck
$BTC
#bitcoinâď¸ #Bitcoinâ #ETFBitcoin #SuperMacho
$BTC
#bitcoinâď¸ #Bitcoinâ #ETFBitcoin #SuperMacho
Buy as much as possible BEFORE 2023 đ¨đ¨
$WAVES is preparing to get boost đĽđĽ
#NFP #ACE #ETFBitcoin #BinanceWish #BTC
$WAVES is preparing to get boost đĽđĽ
#NFP #ACE #ETFBitcoin #BinanceWish #BTC
đ¨âYOU KNOW WHATâS INTERESTING RIGHT NOW? BITCOIN Âť â US ADVERTISING IN THE AGE OF ETFs
â Marketing war. There are signs that are unmistakable. Even more so when it comes to Bitcoin, generously criticized as useless, polluting or âŚâŚâŚâŚâŚâŚâŚâŚâŚ.. (to be completed according to your convenience) by its detractors. Because the hoped-for approval of its cash ETFs for the start of 2024 seems to be heating up the spirits of their issuers. As proof, the aggressive advertising spot campaign initiated over the last 48 hours. The competition is on the march, USA version.
đ¨BITCOIN ETFS MAKE THEIR SHOW WITH ADVERTISING CAMPAIGNS
â The fact was still unimaginable just a few months ago. Yet the fact is there, as clear proof of a paradigm change applied to the cryptocurrency sector. And the promise of a money invasion of the Bitcoin market certainly has something to do with it.
â Because, while the SEC is constantly rambling on the subject, the planned arrival of spot Bitcoin ETFs is inflaming minds. And this takes the form of 3 advertising campaigns initiated by several fund managers.
â The first to appear concerns the company Bitwise. A 15-second spot, viewable on its official X account, starring actor Jonathan Goldsmith. And, in the text:
âYou know whatâs interesting right now? Bitcoin. Âť
đ¨HASHDEX RESPONDS TO BITWISE, WHICH RESPONDS TO HASHDEX
â A few days later, it was the turn of Hashdex to follow suit. With a spot published less than 20 hours ago on his official account. And this time featuring a huge dump truck driving through an open pit mine, accompanied by the words:
âStocks are not cryptos. Fixed income securities are not cryptos. Precious metals? No. They are not cryptos either. Âť
#BTC #BinanceWish #ETFBitcoin #usa #BAKE
â Marketing war. There are signs that are unmistakable. Even more so when it comes to Bitcoin, generously criticized as useless, polluting or âŚâŚâŚâŚâŚâŚâŚâŚâŚ.. (to be completed according to your convenience) by its detractors. Because the hoped-for approval of its cash ETFs for the start of 2024 seems to be heating up the spirits of their issuers. As proof, the aggressive advertising spot campaign initiated over the last 48 hours. The competition is on the march, USA version.
đ¨BITCOIN ETFS MAKE THEIR SHOW WITH ADVERTISING CAMPAIGNS
â The fact was still unimaginable just a few months ago. Yet the fact is there, as clear proof of a paradigm change applied to the cryptocurrency sector. And the promise of a money invasion of the Bitcoin market certainly has something to do with it.
â Because, while the SEC is constantly rambling on the subject, the planned arrival of spot Bitcoin ETFs is inflaming minds. And this takes the form of 3 advertising campaigns initiated by several fund managers.
â The first to appear concerns the company Bitwise. A 15-second spot, viewable on its official X account, starring actor Jonathan Goldsmith. And, in the text:
âYou know whatâs interesting right now? Bitcoin. Âť
đ¨HASHDEX RESPONDS TO BITWISE, WHICH RESPONDS TO HASHDEX
â A few days later, it was the turn of Hashdex to follow suit. With a spot published less than 20 hours ago on his official account. And this time featuring a huge dump truck driving through an open pit mine, accompanied by the words:
âStocks are not cryptos. Fixed income securities are not cryptos. Precious metals? No. They are not cryptos either. Âť
#BTC #BinanceWish #ETFBitcoin #usa #BAKE
Crypto Markets Shed $100B Daily Amid Spot Bitcoin ETF Rejection Woes (Market Watch)
Crypto Markets Shed $100B Daily Amid Spot Bitcoin ETF Rejection Woes (Market Watch)
Bitcoinâs price went on a real-life rollercoaster at the start of the new year with a pump to $46,000 and a massive dump by nearly five grand yesterday.
Most altcoins are buried in red as well, with the total crypto market cap declining by about $150 billion at one point yesterday.
BTC Slumps Hard
The quiet end of 2023 is nowhere to be found in 2024, at least for now. Bitcoin exploded on Tuesday from $42,500 to a 21-month peak at almost $46,000 as the community was preparing for the potential approval of a spot BTC ETF in the States.
However, speculations arose a day later that the SEC could actually reject all current applications. Although there is little evidence that this could actually come to fruition, it had a massive impact on BTCâs price.
In a matter of hours, the primary cryptocurrency dumped by almost $5,000 since the previous dayâs peak and slumped to $41,500 (on Bitstamp). It left millions in liquidationsand erased all the recent gains. And this all happened on Bitcoinâs 15th birthday.
The asset bounced off in the following hours and spiked above $43,000. However, it has failed to reclaim that level decisively and now stands around it.
Its market capitalization has declined to $840 billion, but its dominance over the altcoins has jumped to 51.2% as most alts have dumped even harder.
BTCUSD. Source: TradingView
Alts See Red
When Bitcoin goes in either direction with enhanced volatility, most alternative coins tend to follow suit. This was definitely the case yesterday, and the landscape now is quite painful as well.
Ethereum is down by more than 6% on a daily scale and sits just inches above $2,200. BNB went down from $330 to $300 in hours but now stands above $320.
Ripple, Solana, Cardano, Avalanche, Dogecoin, Polkadot, Polygon, and Chainlink have slumped even more, with losses of up to 12% in the case of MATIC.
The total crypto market cap was also at a near 2-year high of $1.750 trillion before the bloodbath but dumped by $160 billion. As of now, the metric is up to $1.650 trillion on CMC, which means that it is down by $100 billion on a daily scale.
#btcdump
#ETFBitcoin
Bitcoinâs price went on a real-life rollercoaster at the start of the new year with a pump to $46,000 and a massive dump by nearly five grand yesterday.
Most altcoins are buried in red as well, with the total crypto market cap declining by about $150 billion at one point yesterday.
BTC Slumps Hard
The quiet end of 2023 is nowhere to be found in 2024, at least for now. Bitcoin exploded on Tuesday from $42,500 to a 21-month peak at almost $46,000 as the community was preparing for the potential approval of a spot BTC ETF in the States.
However, speculations arose a day later that the SEC could actually reject all current applications. Although there is little evidence that this could actually come to fruition, it had a massive impact on BTCâs price.
In a matter of hours, the primary cryptocurrency dumped by almost $5,000 since the previous dayâs peak and slumped to $41,500 (on Bitstamp). It left millions in liquidationsand erased all the recent gains. And this all happened on Bitcoinâs 15th birthday.
The asset bounced off in the following hours and spiked above $43,000. However, it has failed to reclaim that level decisively and now stands around it.
Its market capitalization has declined to $840 billion, but its dominance over the altcoins has jumped to 51.2% as most alts have dumped even harder.
BTCUSD. Source: TradingView
Alts See Red
When Bitcoin goes in either direction with enhanced volatility, most alternative coins tend to follow suit. This was definitely the case yesterday, and the landscape now is quite painful as well.
Ethereum is down by more than 6% on a daily scale and sits just inches above $2,200. BNB went down from $330 to $300 in hours but now stands above $320.
Ripple, Solana, Cardano, Avalanche, Dogecoin, Polkadot, Polygon, and Chainlink have slumped even more, with losses of up to 12% in the case of MATIC.
The total crypto market cap was also at a near 2-year high of $1.750 trillion before the bloodbath but dumped by $160 billion. As of now, the metric is up to $1.650 trillion on CMC, which means that it is down by $100 billion on a daily scale.
#btcdump
#ETFBitcoin
#UGC #analytics
Bitcoin growth outlook đĽ
Bitcoin has shown a significant decline in the last few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
đ Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
đ Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet đ if you are waiting for $BTC at 53k
#BTCđą #ETFBitcoin #BitcoinETFđ°đ°đ°
Bitcoin growth outlook đĽ
Bitcoin has shown a significant decline in the last few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
đ Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
đ Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet đ if you are waiting for $BTC at 53k
#BTCđą #ETFBitcoin #BitcoinETFđ°đ°đ°
Bitcoin breaks out of another range after 9 weeks of consolidation next resistance is near $60,000 00.
#BTC #ETFBitcoin #sanor016CommUNITY #sanor016 #BinanceSqaure
#BTC #ETFBitcoin #sanor016CommUNITY #sanor016 #BinanceSqaure
Since the beginning of the year, gold ETFs have lost $2.4 billion đŞ
The outflow of funds from gold ETFs is related (https://twitter.com/EricBalchunas/status/1757767035134660987) to the current decline in the price of the precious metal, and many traders are also waiting for the correction to intensify.
The crypto market has its own legend: we are waiting for Wall Street to start dumping gold and buying bitcoin ETFs instead đ
By the way, spot BTC ETFs are traded (https://twitter.com/coingecko/status/1758079791042031813) in the US, Europe, Canada, Brazil, Australia and Malaysia. The US is the latest to join the race, but it has 83% market share.
Will China come out? đ
#ETFBitcoin #ETFsApproval #Bitcoin⏠#Gold
The outflow of funds from gold ETFs is related (https://twitter.com/EricBalchunas/status/1757767035134660987) to the current decline in the price of the precious metal, and many traders are also waiting for the correction to intensify.
The crypto market has its own legend: we are waiting for Wall Street to start dumping gold and buying bitcoin ETFs instead đ
By the way, spot BTC ETFs are traded (https://twitter.com/coingecko/status/1758079791042031813) in the US, Europe, Canada, Brazil, Australia and Malaysia. The US is the latest to join the race, but it has 83% market share.
Will China come out? đ
#ETFBitcoin #ETFsApproval #Bitcoin⏠#Gold
đŞ
đBITCOIN ETF NEWS đ¤łâ¸ď¸The majority of spot Bitcoin ETF applicants have updated their filings with the SEC, revealing their ETF fees:
âŤď¸Grayscale has announced a fee of 1.5% for its proposed Bitcoin ETF uplift, revealing fees that were not previously disclosed
âŤď¸BlackRock has set its commission at 0.3% for its Bitcoin ETF
âŤď¸VanEck currently has the lowest rate among issuers at 0.25%
âŤď¸WisdomTree has set a slightly higher commission at 0.5% for its Bitcoin ETF
âŤď¸ARK 21Shares has reduced its fee from 0.8% to 0.25% to enhance competitiveness
âŤď¸Bitwise has updated the S-1 version of its Bitcoin ETF application, featuring a 0.24% commission
#news #ETFBitcoin #ETFApproval
âŤď¸Grayscale has announced a fee of 1.5% for its proposed Bitcoin ETF uplift, revealing fees that were not previously disclosed
âŤď¸BlackRock has set its commission at 0.3% for its Bitcoin ETF
âŤď¸VanEck currently has the lowest rate among issuers at 0.25%
âŤď¸WisdomTree has set a slightly higher commission at 0.5% for its Bitcoin ETF
âŤď¸ARK 21Shares has reduced its fee from 0.8% to 0.25% to enhance competitiveness
âŤď¸Bitwise has updated the S-1 version of its Bitcoin ETF application, featuring a 0.24% commission
#news #ETFBitcoin #ETFApproval
đ¤ All ETF race participants have made final changes to their applications
BlackRock, VanEck, Valkyrie, Fidelity, WisdomTree, Bitwise, Franklin Templeton, Invesco and Galaxy have made final changes to their spot Bitcoin ETF applications. Similar changes were previously made by Ark.
Notably, BlackRock listed Jane Street and JPMorgan as authorized participants in its fund.
Just a few weeks ago, JPMorgan CEO Jamie Dimon called on the US authorities to ban cryptocurrencies.
At the same time, Fidelity set the lowest commission of 0.39%.
Invesco said it will not charge any fees at all for the first six months of ETF trading.
#BTC #ETH! #ETFBitcoin
$BTC $ETH $SOL
BlackRock, VanEck, Valkyrie, Fidelity, WisdomTree, Bitwise, Franklin Templeton, Invesco and Galaxy have made final changes to their spot Bitcoin ETF applications. Similar changes were previously made by Ark.
Notably, BlackRock listed Jane Street and JPMorgan as authorized participants in its fund.
Just a few weeks ago, JPMorgan CEO Jamie Dimon called on the US authorities to ban cryptocurrencies.
At the same time, Fidelity set the lowest commission of 0.39%.
Invesco said it will not charge any fees at all for the first six months of ETF trading.
#BTC #ETH! #ETFBitcoin
$BTC $ETH $SOL
Breaking News: Grayscale and BlackRock Bitcoin ETFs Expected to Receive Approval by January 6, 2024
In a significant update, there are strong indications that both Grayscale and BlackRock's Bitcoin Exchange-Traded Funds (ETFs) are on the verge of receiving regulatory approval. Industry insiders suggest that if not tonight, the approval is highly anticipated to come through by January 6, 2024.This development follows the recent filings of Form 8-As by Grayscale, Ark Investments, Valkyrie, and VanEck, showcasing a collective push towards achieving the long-awaited spot bitcoin ETF approval. The filing by these prominent financial entities underscores the industry's eagerness to introduce mainstream investors to the world of cryptocurrency through a regulated and traditional investment vehicle.Grayscale's determination to convert its flagship GBTC fund into a spot bitcoin ETF has been met with positive momentum, particularly after a favorable court ruling in August prompted the Securities and Exchange Commission (SEC) to reevaluate the application. Similarly, BlackRock, a major player in the financial space, has expressed keen interest in entering the Bitcoin ETF arena, intensifying the anticipation for a groundbreaking SEC approval.This potential approval signifies a monumental milestone for the cryptocurrency industry, as it would mark the introduction of the first-ever spot bitcoin ETF in the United States. The move is expected to attract a new wave of institutional investors and further legitimize the digital asset market.As the crypto community eagerly awaits the SEC's decision, the coming days hold the promise of transformative developments in the landscape of cryptocurrency investment. Stay tuned for further updates as the industry witnesses a potential shift towards greater accessibility and acceptance of Bitcoin within traditional financial markets. #BTC #ETFBitcoin #BlackRock #GRAYSCALE
BP7SEBA2XX
â â â free money from Binanace â â â
đŻđŻđŻjust scan e and have it đŻđŻđŻ
đĽđĽđĽ up to your luck đĽđĽđĽ
đ˛đ˛đ˛ get up to 450USDTđ˛đ˛đ˛
đľđľđľ if you want to open đľđľđľ
đ¸đ¸đ¸ another I also throw red packet đ¸đ¸đ¸
or search the code
đŞđŞđŞBP7SEBA2XXđŞđŞđŞ
#BTC #ETFBitcoin #BinanceSquareUpdates #Sei #Launchpool ol $BTC TC $ETH H $BNB
#ai
â â â free money from Binanace â â â
đŻđŻđŻjust scan e and have it đŻđŻđŻ
đĽđĽđĽ up to your luck đĽđĽđĽ
đ˛đ˛đ˛ get up to 450USDTđ˛đ˛đ˛
đľđľđľ if you want to open đľđľđľ
đ¸đ¸đ¸ another I also throw red packet đ¸đ¸đ¸
or search the code
đŞđŞđŞBP7SEBA2XXđŞđŞđŞ
#BTC #ETFBitcoin #BinanceSquareUpdates #Sei #Launchpool ol $BTC TC $ETH H $BNB
#ai
What will be the next spot ETF requested by Blackrock?
Chainlink
Litecoin
Solana
Polygon
Polkadot
Avalanche
I would go for Chainlink: essential in DeFi, present at Grayscale, it has never been accused of Security by the SEC. $BTC
And you?
#BTC #ETFBitcoin
Chainlink
Litecoin
Solana
Polygon
Polkadot
Avalanche
I would go for Chainlink: essential in DeFi, present at Grayscale, it has never been accused of Security by the SEC. $BTC
And you?
#BTC #ETFBitcoin
$BTC LASTTT DIPP IS REAL đĽđĽđĽđĽđĽđĽđĽ Don't miss it you never meet this dip again đđđđđĽđĽđĽ #BTC!đ° #ETFBitcoin #Bearishbtc #BitcoinPriceDrop
JUST IN: đşđ¸ Spot #BitcoinâŻâŻâŻ ETF applicant Bitwise drops new Bitcoin ETF ads đ
This is a big and great news for all ceypto traders
its mean #ETFBitcoin very near
#BinanceWish #BRC20Tokens #btctoath #binance
This is a big and great news for all ceypto traders
its mean #ETFBitcoin very near
#BinanceWish #BRC20Tokens #btctoath #binance
đ¸Bitcoin Spot ETF:
đşGrayscale CEO Claim: Michael Sonnenshein, CEO of Grayscale Investments, believes a Bitcoin Spot ETF could unlock $30 trillion in advised wealth in the US. Basically, this means institutions and advisors could offer exposure to Bitcoin to its customers, generating a huge amount of new capital.
đşPotential Impact: If true, this could significantly increase liquidity and demand for Bitcoin, which could drive the price up. It could also legitimize Bitcoin in the eyes of traditional investors, leading to broader adoption and further price increases.
đ¸Bitcoin Price Predictions:
đşSamson Mow Prediction: Jan3 CEO Samson Mow, a strong Bitcoin advocate, believes Bitcoin could reach $1 million per coin. This is an extremely bullish prediction and would imply an increase of almost 10 times the current price.
đşAnthony Pompliano's Counterpoint: BTC investor Anthony Pompliano, while optimistic about Bitcoin's long-term growth, acknowledges that the price will not double overnight. He advocates a more measured approach and warns against unrealistic expectations.
It is important to remember that these are only predictions and should not be taken as financial advice. The future of Bitcoin, and the cryptocurrency market as a whole, is highly uncertain. Factors such as regulation, competition from other digital assets, and global economic conditions could influence its price determination.
đ¸Here are some additional points to consider:
đşThe SEC has yet to approve a Bitcoin Spot ETF in the US and it is unclear when or if it will do so.
đşEven if a Bitcoin Spot ETF is approved, there is no guarantee that it will generate assets worth $30 trillion.
Bitcoin is a volatile asset and its price can fluctuate significantly in the short term.
đşUltimately, it is up to each individual to do their own research and make informed decisions about investing in Bitcoin or any other asset.
Hope this information is helpful! Let me know if you have any other questions.đ
#ETFs #ETFBitcoin $BTC
đşGrayscale CEO Claim: Michael Sonnenshein, CEO of Grayscale Investments, believes a Bitcoin Spot ETF could unlock $30 trillion in advised wealth in the US. Basically, this means institutions and advisors could offer exposure to Bitcoin to its customers, generating a huge amount of new capital.
đşPotential Impact: If true, this could significantly increase liquidity and demand for Bitcoin, which could drive the price up. It could also legitimize Bitcoin in the eyes of traditional investors, leading to broader adoption and further price increases.
đ¸Bitcoin Price Predictions:
đşSamson Mow Prediction: Jan3 CEO Samson Mow, a strong Bitcoin advocate, believes Bitcoin could reach $1 million per coin. This is an extremely bullish prediction and would imply an increase of almost 10 times the current price.
đşAnthony Pompliano's Counterpoint: BTC investor Anthony Pompliano, while optimistic about Bitcoin's long-term growth, acknowledges that the price will not double overnight. He advocates a more measured approach and warns against unrealistic expectations.
It is important to remember that these are only predictions and should not be taken as financial advice. The future of Bitcoin, and the cryptocurrency market as a whole, is highly uncertain. Factors such as regulation, competition from other digital assets, and global economic conditions could influence its price determination.
đ¸Here are some additional points to consider:
đşThe SEC has yet to approve a Bitcoin Spot ETF in the US and it is unclear when or if it will do so.
đşEven if a Bitcoin Spot ETF is approved, there is no guarantee that it will generate assets worth $30 trillion.
Bitcoin is a volatile asset and its price can fluctuate significantly in the short term.
đşUltimately, it is up to each individual to do their own research and make informed decisions about investing in Bitcoin or any other asset.
Hope this information is helpful! Let me know if you have any other questions.đ
#ETFs #ETFBitcoin $BTC
#BTC #ETFBitcoin #Refile
Blackrock add additional information to its ETF application with #SEC
There are a few potential reasons why Blackrock may have decided to refile its application for a Bitcoin ETF in December 2023.
1. Ongoing discussions with the SEC: Blackrock has been in ongoing discussions with the SEC about its Bitcoin ETF application. The SEC has been asking for additional information from Blackrock, and Blackrock may have been waiting for the SEC to provide more clarity before refiling its application.
2. Changes in the Bitcoin market: The Bitcoin market has continued to mature in recent months. There is now a more developed custody and trading infrastructure in place, and the market has become less volatile. This may have given Blackrock more confidence in its ability to operate a Bitcoin ETF.
3. Growing demand for Bitcoin exposure: There is growing demand among institutional investors for exposure to Bitcoin. This demand may have made Blackrock more interested in launching a Bitcoin ETF.
4. Desire to capitalize on recent market growth: Bitcoin has experienced significant growth in recent months. Blackrock may have wanted to capitalize on this growth by launching a Bitcoin ETF before the market begins to cool off.
It is important to note that the SEC has not yet approved #Blackrock Bitcoin ETF application. The SEC is still in the process of reviewing the application, and it is possible that the SEC could reject the application. However, the SEC's recent actions suggest that it is becoming more open to the idea of approving Bitcoin ETFs.
Blackrock add additional information to its ETF application with #SEC
There are a few potential reasons why Blackrock may have decided to refile its application for a Bitcoin ETF in December 2023.
1. Ongoing discussions with the SEC: Blackrock has been in ongoing discussions with the SEC about its Bitcoin ETF application. The SEC has been asking for additional information from Blackrock, and Blackrock may have been waiting for the SEC to provide more clarity before refiling its application.
2. Changes in the Bitcoin market: The Bitcoin market has continued to mature in recent months. There is now a more developed custody and trading infrastructure in place, and the market has become less volatile. This may have given Blackrock more confidence in its ability to operate a Bitcoin ETF.
3. Growing demand for Bitcoin exposure: There is growing demand among institutional investors for exposure to Bitcoin. This demand may have made Blackrock more interested in launching a Bitcoin ETF.
4. Desire to capitalize on recent market growth: Bitcoin has experienced significant growth in recent months. Blackrock may have wanted to capitalize on this growth by launching a Bitcoin ETF before the market begins to cool off.
It is important to note that the SEC has not yet approved #Blackrock Bitcoin ETF application. The SEC is still in the process of reviewing the application, and it is possible that the SEC could reject the application. However, the SEC's recent actions suggest that it is becoming more open to the idea of approving Bitcoin ETFs.
#BTC #BitcoinCycles #altcoinsâď¸ people will believe what they believe. Alot of #euphoria , #ETFBitcoin suspense , the cycle is broken ,,, đ¤ˇââď¸ maybe it goes higher or maybe this is the unexpected high before we retrace leading into the halving. I mean , we are very much in the cycle and it is very much intact , and that means downtrend going into the halving , maybe few months , maybe faster đ¤ˇââď¸ THEN ! slow grind up for a few months and then đ or maybe faster. I don't know what some people are talking about. Silly talk. If isn't broke , don't try to fix it.âď¸ $BTC $RIF $RVN
- The new Bitcoin ETFs approved by the US Securities and Exchange Commission (SEC) have garnered over $4.2 billion in net new flows by mid-February.
- These ETFs enable investors to gain exposure to Bitcoin without needing to directly purchase and store the cryptocurrency themselves.
- The ETFs purchase and hold enough Bitcoin to back the shares they issue, working with authorized participants and market makers to create and redeem shares as needed.
- Despite concerns from regulators about liquidity, manipulation, and Bitcoin's volatility, spot Bitcoin ETFs have demonstrated strong performance.
- Issuers are now exploring other cryptocurrencies for potential spot ETFs, with Ether and XRP being considered as prominent candidates.
- BlackRock and Franklin Templeton have already submitted applications for a spot Ether ETF.
#ETFsApproval #ETFApproval2024 #ETFBitcoin
- These ETFs enable investors to gain exposure to Bitcoin without needing to directly purchase and store the cryptocurrency themselves.
- The ETFs purchase and hold enough Bitcoin to back the shares they issue, working with authorized participants and market makers to create and redeem shares as needed.
- Despite concerns from regulators about liquidity, manipulation, and Bitcoin's volatility, spot Bitcoin ETFs have demonstrated strong performance.
- Issuers are now exploring other cryptocurrencies for potential spot ETFs, with Ether and XRP being considered as prominent candidates.
- BlackRock and Franklin Templeton have already submitted applications for a spot Ether ETF.
#ETFsApproval #ETFApproval2024 #ETFBitcoin
Including GBTC, ETFs Hold 3.8% of Max Bitcoin Supply:
-XBT Providerâs Bitcoin Tracker One (COINXBT) is the biggest Bitcoin exchange-traded fund (ETF) worldwide, with $7.11 billion in total assets. The Bitcoin futures ETF was launched in Sweden in 2015, and also ranked as the overall top crypto ETF.
-ProShares Bitcoin Strategy ETF (BITO) and Purpose Bitcoin ETF (BTCC) follow further behind, as the second and third biggest Bitcoin ETFs. BITO, a US-incorporated Bitcoin futures ETF, has $1.64 billion in total assets. Meanwhile, Canada-incorporated BTCC is the biggest spot Bitcoin ETF with $1.55 billion in total assets.
-Germany-incorporated ETC Group Physical Bitcoin (BTCE) is the only other Bitcoin ETF with more than a billion in total assets.
14 spot Bitcoin ETFs made it into the top 20 rankings, but only account for a 38.5% share of the total assets. In contrast, the 6 Bitcoin futures ETFs represent a disproportionate 61.6% of total assets, across the 20 biggest Bitcoin ETFs. This perhaps indicates that traditional finance leans toward derivatives for Bitcoin exposure, rather than Bitcoin itself.
-Overall, the 20 biggest Bitcoin ETFs have between $54.86 million to $7.11 billion in total assets. Even so, these 20 Bitcoin ETFsâ combined $16.00 billion asset size is outweighed by Grayscale Bitcoin Trustâs $27.14 billion total assets.
How Many Bitcoins Are in ETFs?
ETFs hold around 793,034 BTC in total worldwide, representing 3.8% of the maximum 21 million Bitcoin supply. This includes Grayscale Bitcoin Trust (GBTC), which is pending SEC approval to convert from a close-ended unit trust to an ETF. Excluding GBTC, existing ETFs account for just 0.8% of maximum Bitcoin supply.
-While ETF providers control only a minority supply of Bitcoin currently, US approval of spot Bitcoin ETFs is expected to drive up investor demand. It remains to be seen whether traditional financial institutions will have an outsized influence over Bitcoin in the future.
#ETFBitcoin
-XBT Providerâs Bitcoin Tracker One (COINXBT) is the biggest Bitcoin exchange-traded fund (ETF) worldwide, with $7.11 billion in total assets. The Bitcoin futures ETF was launched in Sweden in 2015, and also ranked as the overall top crypto ETF.
-ProShares Bitcoin Strategy ETF (BITO) and Purpose Bitcoin ETF (BTCC) follow further behind, as the second and third biggest Bitcoin ETFs. BITO, a US-incorporated Bitcoin futures ETF, has $1.64 billion in total assets. Meanwhile, Canada-incorporated BTCC is the biggest spot Bitcoin ETF with $1.55 billion in total assets.
-Germany-incorporated ETC Group Physical Bitcoin (BTCE) is the only other Bitcoin ETF with more than a billion in total assets.
14 spot Bitcoin ETFs made it into the top 20 rankings, but only account for a 38.5% share of the total assets. In contrast, the 6 Bitcoin futures ETFs represent a disproportionate 61.6% of total assets, across the 20 biggest Bitcoin ETFs. This perhaps indicates that traditional finance leans toward derivatives for Bitcoin exposure, rather than Bitcoin itself.
-Overall, the 20 biggest Bitcoin ETFs have between $54.86 million to $7.11 billion in total assets. Even so, these 20 Bitcoin ETFsâ combined $16.00 billion asset size is outweighed by Grayscale Bitcoin Trustâs $27.14 billion total assets.
How Many Bitcoins Are in ETFs?
ETFs hold around 793,034 BTC in total worldwide, representing 3.8% of the maximum 21 million Bitcoin supply. This includes Grayscale Bitcoin Trust (GBTC), which is pending SEC approval to convert from a close-ended unit trust to an ETF. Excluding GBTC, existing ETFs account for just 0.8% of maximum Bitcoin supply.
-While ETF providers control only a minority supply of Bitcoin currently, US approval of spot Bitcoin ETFs is expected to drive up investor demand. It remains to be seen whether traditional financial institutions will have an outsized influence over Bitcoin in the future.
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