Etf
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Hong Kong has approved the first Bitcoin and Ethereum Spot ETFs, what do investors need to know? Explain how prices might react, key influencing factors, and investment strategies.
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BTC, ETH Rise As Hong Kong Bitcoin ETF Applicants Say They've Been Approved
Bitcoin {{BTC}} has risen 2.8% over 24 hours, trading above $66,500, and ether {{ETH}} has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
💰 Total spot Bitcoin ETF trading volume surpasses $4.5 billion today.
• BlackRock: $3,300,592,515
• Fidelity: $548,084,739
• Grayscale: $388,230,348
• ARK Invest: $136,048,673
• Bitwise: $130,402,168
• VanEck: $39,580,884
• Invesco: $17,365,883
• Franklin: $9,852,353
• WisdomTree: $6,770,258
• Valkyrie: $6,052,531
• Hashdex: $58,168
#Etf
• BlackRock: $3,300,592,515
• Fidelity: $548,084,739
• Grayscale: $388,230,348
• ARK Invest: $136,048,673
• Bitwise: $130,402,168
• VanEck: $39,580,884
• Invesco: $17,365,883
• Franklin: $9,852,353
• WisdomTree: $6,770,258
• Valkyrie: $6,052,531
• Hashdex: $58,168
#Etf
Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024,
🎄Markets shouldn't underestimate the significance of the coming spot bitcoin (BTC) ETFs, said MicroStrategy (MSTR) Executive Chairman Michael Saylor in a Bloomberg TV appearance on Tuesday.
🔥It's not unreasonable to suggest that this might be the biggest development on Wall Street in 30 years," said Saylor, suggesting the last comparable new product was the S&P 500 ETF, which allowed investors one-click exposure to that widely-followed index.
🎉Mainstream investors – whether at the individual or institutional level – to date have not had a "high bandwidth" compliant channel for putting money into bitcoin, said Saylor, and that's all about to change with the spot ETF. This new vehicle, argued Saylor, is going to drive a demand shock for bitcoin which will soon be followed by a supply shock in the form of April's halving event – at which point there will be just 450 bitcoin produced each day versus the current 900.
#Etf #NFP
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024,
🎄Markets shouldn't underestimate the significance of the coming spot bitcoin (BTC) ETFs, said MicroStrategy (MSTR) Executive Chairman Michael Saylor in a Bloomberg TV appearance on Tuesday.
🔥It's not unreasonable to suggest that this might be the biggest development on Wall Street in 30 years," said Saylor, suggesting the last comparable new product was the S&P 500 ETF, which allowed investors one-click exposure to that widely-followed index.
🎉Mainstream investors – whether at the individual or institutional level – to date have not had a "high bandwidth" compliant channel for putting money into bitcoin, said Saylor, and that's all about to change with the spot ETF. This new vehicle, argued Saylor, is going to drive a demand shock for bitcoin which will soon be followed by a supply shock in the form of April's halving event – at which point there will be just 450 bitcoin produced each day versus the current 900.
#Etf #NFP
Gold vs Bitcoin: A Paradigm Shift in Investor Preferences
The total investment of the 19 gold ETFs listed in the United States is currently at $92.1 billion whilst US $BTC ETFs collectively control 746,600 Bitcoin, and with the recent surge in Bitcoin to a high of $65000, the latter have accumulated a value of over $48.5 billion. At the current rate of growth, Bitcoin ETFs are poised to surpass gold ETFs in less than two years. The rise of Bitcoin ETFs, which have surpassed 50% of the size of gold ETFs, underscores a seismic shift in investor preferences and perceptions. While gold has long been considered the ultimate safe haven asset, the emergence of Bitcoin as a viable alternative investment vehicle signals a paradigm shift in how investors perceive and allocate their capital.
Looking ahead, the trajectory of $BTC will likely be influenced by a myriad of factors, including regulatory developments, market sentiment, and technological innovations.
Nevertheless, the fundamental narrative underpinning it's value proposition remains compelling.
#Etf #BullRun2024. #BTC #Write2Earn
The total investment of the 19 gold ETFs listed in the United States is currently at $92.1 billion whilst US $BTC ETFs collectively control 746,600 Bitcoin, and with the recent surge in Bitcoin to a high of $65000, the latter have accumulated a value of over $48.5 billion. At the current rate of growth, Bitcoin ETFs are poised to surpass gold ETFs in less than two years. The rise of Bitcoin ETFs, which have surpassed 50% of the size of gold ETFs, underscores a seismic shift in investor preferences and perceptions. While gold has long been considered the ultimate safe haven asset, the emergence of Bitcoin as a viable alternative investment vehicle signals a paradigm shift in how investors perceive and allocate their capital.
Looking ahead, the trajectory of $BTC will likely be influenced by a myriad of factors, including regulatory developments, market sentiment, and technological innovations.
Nevertheless, the fundamental narrative underpinning it's value proposition remains compelling.
#Etf #BullRun2024. #BTC #Write2Earn
The main trending spot is up until the bitcoinetfs are confirmed. This expected news is so strong that it did not bring down the market even in the Binance chaos of the past weeks. Companies such as BlackRock Bitwise, which manages a trillion dollar fund and has applied for a spot #Btc Etf, are inviting people to invest in $BTC btc, and this will increase even more after the approval comes out... The situation we can see ahead of us at the moment is that the music continues until the spot bitcoin etfs are approved.
#Etf #binancesquare
#Etf #binancesquare
Next ETF?
With Bitcoin and Ethereum spot ETFs already approved, there's a huge chance that *Solana* could be next. Why do I think so? Let me break it down:
1. *High Market Cap*: Solana has established itself as a major player in the crypto market with a significant market cap.
2. *Modern Use Case*: Solana's fast transactions and low gas fees make it highly attractive for users and developers.
3. *Institutional Interest*: Big institutions are always looking for high-potential assets, and Solana fits the bill perfectly.
While it’s not confirmed, I believe there’s a 60-70% probability that the next ETF could be Solana. This is just my assumption, but it’s an exciting possibility to consider!
#Etf #Solana $SOL
With Bitcoin and Ethereum spot ETFs already approved, there's a huge chance that *Solana* could be next. Why do I think so? Let me break it down:
1. *High Market Cap*: Solana has established itself as a major player in the crypto market with a significant market cap.
2. *Modern Use Case*: Solana's fast transactions and low gas fees make it highly attractive for users and developers.
3. *Institutional Interest*: Big institutions are always looking for high-potential assets, and Solana fits the bill perfectly.
While it’s not confirmed, I believe there’s a 60-70% probability that the next ETF could be Solana. This is just my assumption, but it’s an exciting possibility to consider!
#Etf #Solana $SOL
I still remember when Bitcoin was a mere curiosity, a digital toy for a few tech enthusiasts. Now, years later, its growth has been staggering: a capitalization of over $1 trillion, growing adoption, and a bright future ahead.
Key Growth Drivers
The introduction of Bitcoin spot ETFs has opened the door to a new influx of capital from institutional investors. These ETFs replicate the price of Bitcoin, offering a simple and regulated way to invest in this emerging asset class.
More and more institutions and pension funds are including Bitcoin in their portfolios. This is a fundamental step forward for the legitimization of Bitcoin as an investment asset and contributes to diversifying the overall risk of portfolios.
Constant Buying Pressure
Spot ETFs and adoption by institutional investors create constant buying pressure on the Bitcoin market. This inflow of capital is expected to grow over time, fueling price growth.
Miners Increasingly Incentivized
The halving, which halves the reward for Bitcoin miners every four years, reduces the selling pressure on the market. Additionally, as the value of Bitcoin increases, miners will be incentivized to hold their Bitcoin rather than selling it to cover production costs.
Decreasing Volatility: A More Stable Future
Increased liquidity and market maturity will make Bitcoin a more stable investment, similar to other asset classes. Volatility, which scares many investors, is expected to decrease over time.
$BTC #Etf #halving #BTC #Write2Earn
Key Growth Drivers
The introduction of Bitcoin spot ETFs has opened the door to a new influx of capital from institutional investors. These ETFs replicate the price of Bitcoin, offering a simple and regulated way to invest in this emerging asset class.
More and more institutions and pension funds are including Bitcoin in their portfolios. This is a fundamental step forward for the legitimization of Bitcoin as an investment asset and contributes to diversifying the overall risk of portfolios.
Constant Buying Pressure
Spot ETFs and adoption by institutional investors create constant buying pressure on the Bitcoin market. This inflow of capital is expected to grow over time, fueling price growth.
Miners Increasingly Incentivized
The halving, which halves the reward for Bitcoin miners every four years, reduces the selling pressure on the market. Additionally, as the value of Bitcoin increases, miners will be incentivized to hold their Bitcoin rather than selling it to cover production costs.
Decreasing Volatility: A More Stable Future
Increased liquidity and market maturity will make Bitcoin a more stable investment, similar to other asset classes. Volatility, which scares many investors, is expected to decrease over time.
$BTC #Etf #halving #BTC #Write2Earn
$BTC #Etf related to my thoughts.
LIVELordofNfts
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Spot #Bitcoin ETF:
According to Reuters, the SEC can transmit spot Bitcoin ETF applications to applicants on either Tuesday or Wednesday.
There has been such a positive flow of data for months suggesting the approval of #ETFs that it has become incredible.
If unexpected news comes from the #SEC on top of this, I would definitely not be surprised. My expectation is that they might not approve it due to the extension of this process.
So far, good news has always come at the peak. In December 2017, Bitcoin started trading on CME for the first time, and it remained as the all-time high. In September 2019, BAKKT started BTC futures trading, and the news was served at its peak.
In November 2021, consecutive futures ETF approvals came, and good news was given at the peak again. I don't think the spot Bitcoin ETF will be accepted due to the strict monetary policy in the U.S.
Even though there might be preparations for this process, acceptance will not be easy, and at most, it might be accepted in a very limited area. Even in that area, there is currently no credible information to trust, except for rumors."
Wishing you abundant and lasting prosperity, Binance Community.
Warm regards to all of you, and by the way, Happy New Year in advance to the entire Binance Crypto Community. 🎅🎄🥳
2️⃣0️⃣2️⃣4️⃣'s Loading....
$BTC
According to Reuters, the SEC can transmit spot Bitcoin ETF applications to applicants on either Tuesday or Wednesday.
There has been such a positive flow of data for months suggesting the approval of #ETFs that it has become incredible.
If unexpected news comes from the #SEC on top of this, I would definitely not be surprised. My expectation is that they might not approve it due to the extension of this process.
So far, good news has always come at the peak. In December 2017, Bitcoin started trading on CME for the first time, and it remained as the all-time high. In September 2019, BAKKT started BTC futures trading, and the news was served at its peak.
In November 2021, consecutive futures ETF approvals came, and good news was given at the peak again. I don't think the spot Bitcoin ETF will be accepted due to the strict monetary policy in the U.S.
Even though there might be preparations for this process, acceptance will not be easy, and at most, it might be accepted in a very limited area. Even in that area, there is currently no credible information to trust, except for rumors."
Wishing you abundant and lasting prosperity, Binance Community.
Warm regards to all of you, and by the way, Happy New Year in advance to the entire Binance Crypto Community. 🎅🎄🥳
2️⃣0️⃣2️⃣4️⃣'s Loading....
$BTC
JUST IN: 🇺🇸 BlackRock had it's 6th official meeting with the SEC about its spot #Bitcoin ETF yesterday 👀
#BTC #Etf #cryptohustle #Blackrock
#BTC #Etf #cryptohustle #Blackrock
US House Passes CBDC Anti-Surveillance State Act
According to Blockworks, the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act was passed by the US House of Representatives on Thursday with a vote of 216-192. The legislation aims to prevent the Federal Reserve from directly offering a CBDC to individuals and using it to implement monetary policy. The bill was supported by three Democrats - Reps. Mary Peltola from Alaska, Marie Perez of Washington, and Jared Golden of Maine. No Republicans opposed the legislation.
The bill was introduced in September by Rep. Tom Emmer, R-Minn., and had gained 165 Republican cosponsors by the time of the House vote on Thursday afternoon. Emmer stated that his legislation ensures that the United States' digital currency policy remains in the hands of the American people, reflecting values of privacy, individual sovereignty, and free market competitiveness. Emmer had initially introduced a version of the bill in February 2023.
The legislation now moves to the Democrat-controlled Senate. This follows the recent passage of joint resolution 109 by the Senate, which, if signed by the president, would overturn the Security and Exchange Commission’s staff accounting bulletin (SAB) 121. This marks the second piece of crypto-focused legislation to pass in the House this week. The Financial Innovation and Technology for the 21st Century Act, known as the FIT21 Act, was passed by the Representatives on Wednesday evening with two amendments. The FIT21 Act now advances to the Senate after receiving support from 71 House Democrats.$SOL $BTC $ETH #Binance #NFT #web3 #Etf #Layer1
According to Blockworks, the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act was passed by the US House of Representatives on Thursday with a vote of 216-192. The legislation aims to prevent the Federal Reserve from directly offering a CBDC to individuals and using it to implement monetary policy. The bill was supported by three Democrats - Reps. Mary Peltola from Alaska, Marie Perez of Washington, and Jared Golden of Maine. No Republicans opposed the legislation.
The bill was introduced in September by Rep. Tom Emmer, R-Minn., and had gained 165 Republican cosponsors by the time of the House vote on Thursday afternoon. Emmer stated that his legislation ensures that the United States' digital currency policy remains in the hands of the American people, reflecting values of privacy, individual sovereignty, and free market competitiveness. Emmer had initially introduced a version of the bill in February 2023.
The legislation now moves to the Democrat-controlled Senate. This follows the recent passage of joint resolution 109 by the Senate, which, if signed by the president, would overturn the Security and Exchange Commission’s staff accounting bulletin (SAB) 121. This marks the second piece of crypto-focused legislation to pass in the House this week. The Financial Innovation and Technology for the 21st Century Act, known as the FIT21 Act, was passed by the Representatives on Wednesday evening with two amendments. The FIT21 Act now advances to the Senate after receiving support from 71 House Democrats.$SOL $BTC $ETH #Binance #NFT #web3 #Etf #Layer1
💰 🚀 Strategy 💰 🚀
$BTC
1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing (we are here)
3) Sell 500 Days After Halving
4) Repeat
#ETHETFsApproved
Market analysts predict that the approval of the Ethereum ETF could increase the value of #ETH by up to 60%.
This prediction is based on the market reaction to the #Bitcoin etf approval earlier in the year. However, it is important to remember that the market is also preparing for the possibility of a rejection, which could lead to a price drop.
The US Securities and Exchange Commission (SEC) is currently evaluating proposals from multiple issuers, and their decisions will be critical for the future of #Ethereum .
While Ethereum's possible #Etf approval is exciting, there is another project that has caught investors' attention: WienerAI ($WAI).
This new pre-sale token combines AI technology with a unique story, offering an attractive investment opportunity.
The project has already raised $2.7 million in its presale, indicating strong investor interest.
WienerAI stands out with its innovative approach and strong community involvement.
The project's white paper emphasizes themes of camaraderie and friendship and aims to create a loyal community known as "The Sausage Army".
Its tokenomics structure is designed to encourage long-term retention and community engagement; 30% of the total supply is reserved for presale, 20% for staking rewards, and the other 20% for airdrops and draws.
$BTC $ETH
✅Follow
✅ Like
✅Share
$BTC
1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing (we are here)
3) Sell 500 Days After Halving
4) Repeat
#ETHETFsApproved
Market analysts predict that the approval of the Ethereum ETF could increase the value of #ETH by up to 60%.
This prediction is based on the market reaction to the #Bitcoin etf approval earlier in the year. However, it is important to remember that the market is also preparing for the possibility of a rejection, which could lead to a price drop.
The US Securities and Exchange Commission (SEC) is currently evaluating proposals from multiple issuers, and their decisions will be critical for the future of #Ethereum .
While Ethereum's possible #Etf approval is exciting, there is another project that has caught investors' attention: WienerAI ($WAI).
This new pre-sale token combines AI technology with a unique story, offering an attractive investment opportunity.
The project has already raised $2.7 million in its presale, indicating strong investor interest.
WienerAI stands out with its innovative approach and strong community involvement.
The project's white paper emphasizes themes of camaraderie and friendship and aims to create a loyal community known as "The Sausage Army".
Its tokenomics structure is designed to encourage long-term retention and community engagement; 30% of the total supply is reserved for presale, 20% for staking rewards, and the other 20% for airdrops and draws.
$BTC $ETH
✅Follow
✅ Like
✅Share
#Etf Details
A cryptocurrency exchange-traded fund (ETF) is a type of investment fund that tracks the performance of one or more cryptocurrencies. Unlike direct cryptocurrency ownership, where investors hold the digital assets themselves, a crypto ETF allows them to gain exposure to the market through a traditional investment vehicle traded on stock exchanges. Crypto ETFs can provide a more regulated and accessible way for investors to participate in the cryptocurrency market without dealing directly with the complexities of storing and securing digital assets. It's worth noting that as of my last knowledge update in January 2022, regulatory approval for crypto ETFs varies by jurisdiction, and the landscape may have evolved since then.
A cryptocurrency exchange-traded fund (ETF) is a type of investment fund that tracks the performance of one or more cryptocurrencies. Unlike direct cryptocurrency ownership, where investors hold the digital assets themselves, a crypto ETF allows them to gain exposure to the market through a traditional investment vehicle traded on stock exchanges. Crypto ETFs can provide a more regulated and accessible way for investors to participate in the cryptocurrency market without dealing directly with the complexities of storing and securing digital assets. It's worth noting that as of my last knowledge update in January 2022, regulatory approval for crypto ETFs varies by jurisdiction, and the landscape may have evolved since then.
LIVEZenia Maduro Ecsl
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