According to Reuters, BlackRock plans to reduce the fee of its spot Bitcoin ETF from 0.30% to 0.25%, and the hack is not expected to disrupt the Bitcoin spot ETF process. Ark Investments and 21Shares lowered fees on their spot Bitcoin ETFs from 0.25% to 0.21%.
Bitcoin prices hit a 19-month high of $47,900 before briefly falling back to $45,100 after a hacked U.S. SEC Twitter account posted false news about the approval of a Bitcoin ETF. Bloomberg ETF analyst Eric Balchunas said that the SEC is expected to announce the approval of the Bitcoin spot ETF between 16:00 and 17:00 ET on Wednesday, and it will be listed on Thursday.$BTC
The latest revised S-1 filing shows that VanEck has seeded $72.5 million into its Bitcoin spot ETF. Bitwise has seeded US$500,000 into its Bitcoin spot ETF. Once approved, Pantera Capital plans to invest US$200 million into Bitwise’s Bitcoin spot ETF. However, this is only an investment intention and is not legally binding. $BTC
Valkyrie Investments co-founder Steven McClurg said the spot Bitcoin ETF is expected to receive SEC approval by the end of Wednesday and begin trading Thursday morning, with the first 10 ETFs launching at the same time. It could see $4 billion to $5 billion in inflows in the first few weeks. The Block
The 40-day correlation between bitcoin and Nasdaq now stands at zero, indicating a lack of relationship between the asset classes. Mainly due to anticipation of the ETF’s passage. The correlation between bitcoin and Nasdaq has been consistently positive since early 2020, peaking at 0.8 during the 2022 crypto bear market. coindesk.com/markets/2024/0…$BTC #BTC.
Non-custodial wallet imtoken was added to Singapore MAS’ Investor Alert List in December last year. In 2021, MAS had included Binance on this warning list. Binance management subsequently left Singapore and moved to Dubai.mas.gov.sg/investor-alert#BTCBullrun $BTC
“Approval is inevitable,” former SEC chair Jay Clayton told CNBC’s “Squawk Box” on Monday when asked what could happen (of bitcoin spot ETF) this week. “There’s nothing left to decide. … This is a big step not just for bitcoin, but for finance generally.” cnbc.com/2024/01/08/bit…#bitcoinhalving $BTC