Investment giant VanEck has pledged to donate some of the profits from its Bitcoin (BTC) exchange-traded fund if it’s greenlit by the U.S. Securities and Exchange Commission (SEC). VanEck is one of a slew of major financial firms to apply for a spot BTC ETF. The company says they’re “not Bitcoin tourists” and want to […]
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A new survey by crypto asset manager Bitwise and data and analytics platform VettaFi reveals that the majority of financial advisors are not optimistic that US federal regulators will finally give their nod to the much-anticipated spot Bitcoin (BTC) exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) will decide on January 10th whether […]
The post Only 39% of Financial Advisors Believe SEC Will Greenlight Spot Bitcoin ETF in 2024, According to Bitwise Survey appeared first on The Daily Hodl.
A crypto gambling website foresees a high probability that a spot Bitcoin (BTC) exchange-traded fund (ETF) will be approved by mid-January. According to the crypto betting site Polymarket, there are 88% odds that the U.S. Securities and Exchange Commission (SEC) will approve a BTC spot ETF by January 15, 2024. According to a recent report by Reuters, […]
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Widely followed economist Alex Krüger is issuing a warning to traders about Bitcoin (BTC), saying that the crypto king could crash after the approval of a spot market exchange-traded fund (ETF). In a lengthy thread, the analyst tells his 158,900 followers on the social media platform X that he believes the U.S. Securities and Exchange […]
The post Economist Alex Krüger Issues BTC Warning, Says This Could ‘Send Prices Crashing’ After Spot Bitcoin ETF Approval appeared first on The Daily Hodl.
Crypto asset manager Bitwise says that an unnamed investor wants to seed hundreds of millions of dollars into its planned spot market Bitcoin (BTC) exchange-traded fund (ETF). According to a new S-1 document filed with the U.S. Securities and Exchange Commission (SEC), an unidentified investor is planning on seeding $200 million into Bitwise’s potential ETF, […]
The post Bitwise Says Unnamed Investor Plans To Seed $200,000,000 Into Asset Manager’s Spot Bitcoin ETF: SEC Filing appeared first on The Daily Hodl.
A popular crypto analyst believes that the current upside potential for Bitcoin is limited despite the possible approval of spot market BTC exchange-traded funds (ETFs). Widely followed strategist Michaël van de Poppe tells his 680,000 followers on the social media platform X that the top crypto asset by market cap will rally somewhere between $48,000 […]
The post Bitcoin Upside Potential Capped for Now As ETF Announcement Approaches, Says Crypto Trader – Here’s His Outlook appeared first on The Daily Hodl.
ARK Invest CEO Cathie Wood says that the odds of a January 2024 approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the US are going up. In a new interview on Bloomberg Television, Wood says that engagement between ARK Invest and the U.S. Securities and Exchange Commission (SEC) over its ETF application is […]
The post Probability of a Spot Bitcoin ETF Approval Has Gone Up, Says ARK Invest’s Cathie Wood – But There’s a Catch appeared first on The Daily Hodl.
ARK Invest CEO Cathie Wood says the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the US will likely have a negative impact on the price of the flagship cryptocurrency. In a new interview on CNBC, Wood says investors eager to take profits will “sell on the news” of securities regulators giving their […]
The post Anticipated Bearish Impact of Potential Spot Bitcoin ETF Approval Likely To Be Short-Term, Says Cathie Wood appeared first on The Daily Hodl.
Bitcoin (BTC) exchange-traded funds (ETFs) currently only represent a small fraction of the top crypto asset’s supply, according to a CoinGecko researcher. In a new analysis, Lim Yu Qian notes that Bitcoin ETFs hold a total of roughly 793,034 BTC, which represents only 3.4% of BTC’s total maximum supply. That number includes Grayscale Bitcoin Trust […]
The post TradFi To Have ‘Outsized Influence’ Over Bitcoin? ETFs Currently Hold 3.8% of BTC Maximum Supply: CoinGecko appeared first on The Daily Hodl.
A popular analyst is outlining one bearish scenario for Bitcoin (BTC) after the possible approval of a spot market BTC exchange-traded fund (ETF). Pseudonymous analyst DonAlt tells his 55,600 subscribers of the TechnicalRoundup YouTube channel that Bitcoin could collapse by more than 25% from its current value. “If your position is worse than a $32,000 […]
The post There’s a ‘Good Chance’ Bitcoin Nosedives by Over 25%, According to Top Crypto Analyst – Here Are His Targets appeared first on The Daily Hodl.
