Bitcoin ETF finally begins trading
3 years, 2 months ago

Bitcoin ETF finally begins trading

CNN  

New York CNN Business — Cryptocurrency investors finally got what they’ve been clamoring for as the first bitcoin-linked, exchange-traded fund launched Tuesday. “The ETF approval is a watershed moment for the industry,” Bitcoin Foundation chairman Brock Pierce said in a statement to CNN Business. “This moment is long-awaited, as numerous entrepreneurs and firms have sought approval from regulators since as early as 2013.” “Today begins an era where retail investors can invest directly into Bitcoin through the ETF, and serves as further validation of Bitcoin and cryptocurrencies across the country and on a global basis,” Pierce added. “GBTC proves that there’s strong investor demand for physically-backed bitcoin investment vehicles.” Still, having any type of bitcoin ETF available could attract more new cryptocurrency investors. “The availability of a Bitcoin futures ETF is a big step for bitcoin awareness and regulation for the crypto industry,” Christine Brown, chief operating officer at Robinhood Crypto, said in an email to CNN Business.

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History of this topic

Bitcoin hits $100,000 for first time
2 weeks, 4 days ago

Bitcoin hits $100,000 for first time

Deccan Chronicle  

Mumbai: Bitcoin made a significant mark by surpassing the $100000 mark for the first time on Wednesday driven by favorable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs. Vishal Sacheendran, Head of Regional Markets at Binance said, “Bitcoin has hit the historic $100,000 mark, driven by favorable market dynamics, growing U.S. regulatory clarity, and institutional adoption …

Timeline to $100,000 and beyond: Bitcoin's wild ride
2 weeks, 4 days ago

Timeline to $100,000 and beyond: Bitcoin's wild ride

Hindustan Times  

Bitcoin broke above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president fuelled bets that his administration will create a friendly regulatory environment for cryptocurrencies. Here are key events in bitcoin's journey towards $100,000 and beyond: 2008: Satoshi Nakamoto, the pseudonym used by the cryptocurrency's presumed developer, introduces the concept of bitcoin 2010: …

Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington
2 weeks, 4 days ago

Bitcoin hits $100,000, lifted by hopes of a crypto-friendly Washington

Live Mint  

Bitcoin traded above $100,000 for the first time, powered by a wave of investors betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto. During the campaign, Trump dropped his earlier skepticism of bitcoin and promised to “end Joe Biden’s war on crypto." Now, crypto investors are cheering Trump’s pledge to create a …

Bitcoin hits all-time high of $100,000 after Donald Trump's crypto push
2 weeks, 5 days ago

Bitcoin hits all-time high of $100,000 after Donald Trump's crypto push

India Today  

Bitcoin reached an all-time high of $100,000, marking a major milestone in the cryptocurrency’s history. The jump in Bitcoin's value comes amid growing optimism among investors about a more crypto-friendly regulatory environment under the incoming administration of Donald Trump, who recently won the US Presidential elections. Bitcoin has more than doubled in value since the start of 2024 and has …

Bitcoin has smashed records. Should you invest?
1 month ago

Bitcoin has smashed records. Should you invest?

CNN  

CNN — In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor told CNBC is a way for the …

US ETFs net inflows near $1 trillion in biggest annual rush fueled by Trump’s poll victory
1 month, 1 week ago

US ETFs net inflows near $1 trillion in biggest annual rush fueled by Trump’s poll victory

Live Mint  

-- This year was already a landmark one for exchange-traded funds, but as of Friday the ETF universe can add another superlative: biggest annual inflows on record. The insatiable appetite for the investor-friendly wrapper, an all-time high number of product launches and a relentless bull market fueled by Donald Trump’s presidential victory have helped push total net inflows into US …

Bitcoin rallies past $81,000. What's driving the surge?
1 month, 1 week ago

Bitcoin rallies past $81,000. What's driving the surge?

India Today  

Bitcoin soared to a new record high, crossing the $81,000 mark on Monday. BITCOIN HITS NEW RECORD HIGH Many in the market believe Trump’s plans for Bitcoin and other digital assets have set the stage for the recent surge. "Bitcoin’s record-breaking surge is backed by strong fundamentals and signals from the recent US election that suggest pro-crypto policies may be …

Bitcoin gains 7%, climbs back to $70,000 following decline due to US ETF withdrawals
8 months, 3 weeks ago

Bitcoin gains 7%, climbs back to $70,000 following decline due to US ETF withdrawals

Live Mint  

World's largest cryptocurrency Bitcoin has surged back to $70,000 level, by rising over 7 per cent. Nearly $900 million was withdrawn from those ETFs last week, marking ongoing outflows from the Grayscale Bitcoin Trust alongside a slowdown in subscriptions for offerings from BlackRock Inc. and Fidelity Investment, according to a Bloomberg report. “Even though ETF inflows have hit a drag, …

Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here
9 months ago

Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here

Live Mint  

In the past less than a week, bitcoin has dropped over 10 percent from its all time high of $73,083 it hit on March 13 at trade at $65,300 in the early hours on Sunday. Swissblock, a digital asset analytics firm, in a note on Wednesday said that bitcoin has risen almost double in price from $38,000 in late January …

Hot New Bitcoin Funds Are Still Waiting for Buy-In from Financial Advisers
9 months, 1 week ago

Hot New Bitcoin Funds Are Still Waiting for Buy-In from Financial Advisers

Live Mint  

Bitcoin exchange-traded funds have drawn billions of dollars from investors since they launched in January, but their target market—financial advisers who oversee trillions in client assets—has remained largely out of reach. Fans of the world’s largest cryptocurrency had hoped that the bitcoin funds would open the floodgates to a wave of new buyers, specifically U.S. financial advisers who collectively oversee …

Bitcoin’s price is surging. What happens next?
9 months, 2 weeks ago

Bitcoin’s price is surging. What happens next?

Hindustan Times  

For a brief moment, everyone who owned Bitcoin had made money from it. On January 10th the Securities and Exchange Commission, an American regulator, approved applications by 11 investment firms, including BlackRock and Fidelity, to create bitcoin exchange-traded funds. For instance, even as tech stocks soared in the middle of 2021, bitcoin slumped after Elon Musk posted negative tweets about …

Bitcoin briefly hits all-time high, less than two years after FTX scandal clobbered crypto
9 months, 2 weeks ago

Bitcoin briefly hits all-time high, less than two years after FTX scandal clobbered crypto

The Hindu  

Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. These newly approved ETFs hold actual bitcoin — unlike previous bitcoin-related ETFs that were invested in contracts related to future price bets, but not on the cryptocurrency itself. Institutional demand for bitcoin …

Over $1 billion liquidated from the cryptocurrency market in 24 hours
9 months, 2 weeks ago

Over $1 billion liquidated from the cryptocurrency market in 24 hours

Live Mint  

Over $1 billion liquidated from the cryptocurrency market over the past 24 hours. This was followed by Bitcoin surging to a new all-time high in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit. The token soared as much …

Bitcoin briefly hits an all-time high, less than two years after FTX scandal clobbered crypto
9 months, 2 weeks ago

Bitcoin briefly hits an all-time high, less than two years after FTX scandal clobbered crypto

Associated Press  

NEW YORK — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. Institutional demand for bitcoin show “no signs of slowing down,” H.C. Wainwright’s Mike Colonnese and Dylan Scales wrote Tuesday — adding that bitcoin’s popularity “is likely to accelerate in …

Bitcoin Reclaims $57,000 After 2 Years On Heavy Institutional Buying
9 months, 3 weeks ago

Bitcoin Reclaims $57,000 After 2 Years On Heavy Institutional Buying

News 18  

Leading cryptocurrency Bitcoin has soared to a more than two-year high above $57,000 after enterprise software firm MicroStrategy Inc announced it had bought about 3,000 more of the tokens for $155 million. The US SEC approved 11 spot bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others. Bitcoin is now at a …

Bitcoin Crosses $46,000 As Excitement Around BTC Halving Catches Steam
10 months, 2 weeks ago

Bitcoin Crosses $46,000 As Excitement Around BTC Halving Catches Steam

ABP News  

In a notable surge, Bitcoin, the leading digital currency, reached its highest point in a month, surpassing the $46,000 mark on February 9. This surge is attributed to steady capital inflows into various United States funds dedicated to cryptocurrency, alongside growing anticipation surrounding the forthcoming halving event slated for April. "There is increased investor confidence leading up to the halving …

Bitcoin surges past $46,000, close to month-highs on ETF inflows, halving plans
10 months, 2 weeks ago

Bitcoin surges past $46,000, close to month-highs on ETF inflows, halving plans

Live Mint  

Bitcoin, the largest digital asset, achieved a one-month high by surpassing $46,000 on February 9. This upward trend is supported by steady inflows into several United States funds for the cryptocurrency and increasing attention on the upcoming halving scheduled for April, Bloomberg reported. Bitcoin Exchange-Traded Funds Give Boost Nine US spot Bitcoin exchange-traded funds debuted on January 11, accompanied by …

Bitcoin ETFs are off to a bad start. Will things improve?
10 months, 2 weeks ago

Bitcoin ETFs are off to a bad start. Will things improve?

Live Mint  

The path to approval for the first bitcoin exchange-traded funds was long and arduous. When State Street Global Advisors launched America’s first gold ETF in 2004, the metal fetched less than $500 per ounce, below its price in the early 1980s. Inflows into ETFs launched by firms such as BlackRock, Fidelity and VanEck have been almost entirely offset by outflows …

Bitcoin sees first ever ‘golden cross’ as analysts predict explosive 2024
11 months ago

Bitcoin sees first ever ‘golden cross’ as analysts predict explosive 2024

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A positive start to 2024 has seen bitcoin pass through a market pattern …

ETFs make Bitcoin’s problems even worse
11 months, 1 week ago

ETFs make Bitcoin’s problems even worse

Live Mint  

As holders of bitcoin they undermine the very purpose, and so the long-term value, of a cryptocurrency. The new ETFs reconnect bitcoin both to Wall Street’s old financial infrastructure and to the dollar, in which all are priced and which all use to buy and sell bitcoin. And bitcoin ETFs are likely to make its bad performance in crises even …

Here’s How the New Bitcoin ETFs Will Work
11 months, 1 week ago

Here’s How the New Bitcoin ETFs Will Work

Live Mint  

Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Authorized participants for the new bitcoin ETFs include electronic trading giants Jane Street Capital and Virtu Financial and the U.S. brokerage arm of JPMorgan Chase. By December, all the asset managers seeking to launch bitcoin ETFs switched to a cash model, in which authorized …

Why Crypto Idealogues Won’t Touch Bitcoin ETFs
54 years, 11 months ago

Why Crypto Idealogues Won’t Touch Bitcoin ETFs

Wired  

Bitcoin devotees are declaring a historic victory after US regulators approved a new, more accessible way for people to invest in the crypto asset after a decade of resistance. The ETFs will be issued by a selection of big-name financial institutions—including BlackRock, Fidelity, and Franklin Templeton—and will give people a way to invest in bitcoin through a brokerage, as if …

Bitcoin ETFs begin trading in U.S. ending decade-long tussle with SEC
11 months, 1 week ago

Bitcoin ETFs begin trading in U.S. ending decade-long tussle with SEC

The Hindu  

Several exchange-traded funds tied to the spot price of bitcoin began trading in the U.S. on Thursday in a landmark moment for the cryptocurrency industry that has been demanding regulatory approval for more than a decade. "The approval has the potential to simplify and secure Bitcoin investments for a broader investor base, which may reshape the dynamics of cryptocurrency investments," …

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion
11 months, 1 week ago

Bitcoin price surges 5% to $49,000, daily trading volume reaches $52 billion

Live Mint  

The price of first decentralised cryptocurrency Bitcoin surged over 5%, reaching intraday high to $49,012 on Thursday, January 11, after the US Securities and Exchange Commission greenlit the establishment of Bitcoin exchange-traded funds by investment firms, signalling a potential revival for the world’s largest cryptocurrency token by market capitalization. In fact, the daily trading volume for Bitcoin on cryptocurrency exchanges …

New funds will make investing in bitcoin easier. Here’s what you need to know
11 months, 1 week ago

New funds will make investing in bitcoin easier. Here’s what you need to know

Associated Press  

NEW YORK — Nearly a dozen new bitcoin funds began trading in U.S. markets for the first time Thursday, providing increased access to the cryptocurrency for everyday investors. A spot bitcoin ETF could open the door to many new investors who don’t want to take such extra steps. New bitcoin ETFs will perform like the SPDR Gold Shares ETF, which …

Spot Bitcoin ETF: A paradigm shift in the world of cryptos?
11 months, 1 week ago

Spot Bitcoin ETF: A paradigm shift in the world of cryptos?

Live Mint  

After a long wait, US markets regulator Securities and Exchange Commission finally gave a go-ahead to the spot bitcoin ETFs on Wednesday, a move that led to a massive jump in the bitcoin prices. The bitcoin surged nearly 6 percent since October on speculation that the spot bitcoin ETF would get the final approval in the early days of January. …

Crypto market swells by billions after ‘historic’ bitcoin moment
11 months, 1 week ago

Crypto market swells by billions after ‘historic’ bitcoin moment

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The crypto market hit a 21-month high on Thursday following a landmark decision …

Bitcoin holds firm after regulators approve ETFs
11 months, 1 week ago

Bitcoin holds firm after regulators approve ETFs

The Hindu  

Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds to track the world's largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, with most of the products expected to …

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
11 months, 1 week ago

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

Associated Press  

NEW YORK — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply skeptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin. The agency said that would provide competition and a “level playing field.” Bitcoin ETFs could open the door to cryptocurrencies to …

Regulators are set to decide whether to OK a new bitcoin fund. Here's what investors need to know
11 months, 1 week ago

Regulators are set to decide whether to OK a new bitcoin fund. Here's what investors need to know

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a twist perhaps appropriate for the unpredictable crypto …

SEC approves bitcoin ETFs for some investment firms
11 months, 2 weeks ago

SEC approves bitcoin ETFs for some investment firms

CNN  

New York CNN — After a false start Tuesday, the Securities and Exchange Commission gave its approval Wednesday for some investment companies to offer “spot bitcoin” exchange-traded funds. After the stock market close on Tuesday, a post on the SEC’s X account falsely claimed the regulatory agency had approved the listing and trading of spot bitcoin exchange-traded products. Those sentiments …

Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report
11 months, 2 weeks ago

Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report

Business Standard  

Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US’s first exchange-traded fund tied directly to the token. “We’re in for a massive week with one of the most significant events in crypto history taking place, the potential approval of a Bitcoin spot ETF,” eToro market analyst Simon …

Mint Explainer: What’s behind the surge in bitcoin prices
11 months, 2 weeks ago

Mint Explainer: What’s behind the surge in bitcoin prices

Live Mint  

After rising by more than 150% in 2023, the price of bitcoin surpassed $45,000 on the second day of 2024, to its highest level since April 2022. Bitcoin last rose to its all-time high of $68,789 in November 2021 and then fell to a low of $15,760 in December 2022 amid the collapse of FTX, the largest cryptocurrency exchange, and …

Galaxy Digital CEO Mike Novogratz's latest annoucement lifts hope in Bitcoin world: ‘Big things are coming’
11 months, 3 weeks ago

Galaxy Digital CEO Mike Novogratz's latest annoucement lifts hope in Bitcoin world: ‘Big things are coming’

Hindustan Times  

In a recent interview, the CEO of blockchain investment firm Galaxy Digital, Mike Novogratz, announced that “big things are coming,” according to Contribune. In a recent interview, the CEO of blockchain investment firm Galaxy Digital, Mike Novogratz, announced that “big things are coming" Ever since the first Bitcoin ETF was launched in Canada, American investors have sought that such an …

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022
11 months, 3 weeks ago

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022

Firstpost  

Bitcoin soared beyond $45,000 on Tuesday, marking its highest level since April 2022, as the world’s largest cryptocurrency kicked off the New Year on a strong note. Reaching a 21-month peak at $45,532, Bitcoin demonstrated a remarkable 156 per cent gain in the previous year, its most robust yearly performance since 2020. While the SEC has previously rejected several applications …

Bitcoin climbs above $45,000 for first time since April 2022
11 months, 3 weeks ago

Bitcoin climbs above $45,000 for first time since April 2022

The Hindu  

Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds. Investor focus has been squarely on whether the U.S. securities regulator will soon approve a spot bitcoin ETF, which would throw open the bitcoin …

Bitcoin Spot ETFs Expected To See US SEC Approval Soon Coinbase BlackRock All You Need To Know
11 months, 3 weeks ago

Bitcoin Spot ETFs Expected To See US SEC Approval Soon Coinbase BlackRock All You Need To Know

ABP News  

A heightened sense of anticipation prevails among market participants, fueled by the frenetic efforts of major asset management firms vying for regulatory approval to launch the inaugural spot Bitcoin exchange-traded funds in the United States. Notably, the initial deadline for the proposed spot Bitcoin ETF by Ark Invest and 21shares looms on January 10, sparking widespread expectations that the SEC …

Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?
1 year ago

Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?

Associated Press  

NEW YORK — Bitcoin is once again having a moment. Regulators have previously rejected bitcoin spot ETF applications, but recent wins for some crypto fund managers have improved odds for a first approval, perhaps as soon as next month. While analysts expect the potential approval of spot bitcoin ETFs to create a much larger pool of crypto investors, future volumes …

In spot bitcoin exchange-traded fund race, pioneers stick to the sidelines
1 year ago

In spot bitcoin exchange-traded fund race, pioneers stick to the sidelines

The Hindu  

Despite growing excitement that spot bitcoin exchange-traded funds will soon win regulatory approval, some cryptocurrency ETF pioneers plan to sit out what is expected to be a fierce industry battle for market share. “This could be the most successful ETF launch in history, but it’s still going to be intensely competitive, requiring a lot of investment up front,” said Dave …

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher
1 year, 1 month ago

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher

Associated Press  

NEW YORK — Bitcoin is having another moment. A green light from federal regulators hasn’t arrived yet, but recent wins for some crypto fund managers with applications for bitcoin spot ETFs have improved odds for approval, perhaps in the coming months. Kaiko Research points to a brief spike in the price of bitcoin last week, for example, after crypto news …

Why bitcoin is surging again
1 year, 2 months ago

Why bitcoin is surging again

CNN  

New York CNN — Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. The famously volatile cryptocurrency has more than doubled in value this year as investors grow excited about the prospect of being able to buy bitcoin funds that trade on good old-fashioned stock exchanges rather than having to deal with less-regulated and sometimes sketchy …

Bitcoin reaches 2-month high, surges above $30,000 in volatile week: Report
1 year, 2 months ago

Bitcoin reaches 2-month high, surges above $30,000 in volatile week: Report

Live Mint  

Cryptocurrency Bitcoin on 20 October surged above $30,000 for the first time since July, taking gains for the week past 10 percent, against a backdrop of volatile trading across cryptocurrencies, reported news agency Reuters. Bloomberg reported that Bitcoin rose as much as 5.2 percent to $30,223 as of 7:30 a.m. in New York, taking it back to price levels last …

Bitcoin price jumped after false news about spot ETF approval
1 year, 2 months ago

Bitcoin price jumped after false news about spot ETF approval

The Hindu  

A crypto news website has apologised after its incorrect social media post about the approval of a spot Bitcoin exchange-traded fund was debunked and Bitcoin prices spiked early in the week. Cointelegraph had made a post on X, saying that the U.S. Securities and Exchange Commission had approved BlackRock’s application for a spot Bitcoin ETF. In an update, Cointelegraph said …

Bitcoin Spot ETF Valkyrie US SEC Application Accept BTC Exchange Traded Fund
1 year, 5 months ago

Bitcoin Spot ETF Valkyrie US SEC Application Accept BTC Exchange Traded Fund

ABP News  

The recent acceptance of the Valkyrie Spot Bitcoin exchange-traded fund application by the United States Securities and Exchange Commission marks a significant milestone in embracing the digital revolution and potentially driving mass cryptocurrency adoption in the largest economy globally. Valkyrie was the final company to submit an application for a spot Bitcoin ETF among numerous firms seeking approval. In addition …

US SEC Accepts BlackRock's Application For Spot Bitcoin ETFs: Here's What It Means
1 year, 5 months ago

US SEC Accepts BlackRock's Application For Spot Bitcoin ETFs: Here's What It Means

ABP News  

In a significant development, BlackRock's application to introduce a Bitcoin exchange-traded fund that focuses on spot Bitcoin has officially become part of the Securities and Exchange Commission's proposed rule change process. This filing also prompted other prominent players, including Invesco, Wisdom Tree, Bitwise, and Fidelity, the latter of which had its previous application rejected last year alongside other contenders, to …

Insider Q&A: ProShares CEO Michael Sapir on bitcoin funds
2 years, 7 months ago

Insider Q&A: ProShares CEO Michael Sapir on bitcoin funds

Associated Press  

NEW YORK — Bitcoin’s public profile grew six months ago when the first exchange-traded product tied to it hit the market. Michael Sapir, CEO of ProShares, spoke recently with The Associated Press about the fund’s debut, what kinds of investors it’s serving and about how bitcoin hasn’t lived up to one of its initial pitches to investors. I think the …

Value of Bitcoin skyrockets again as US ETF launch enhances investor exposure
3 years, 2 months ago

Value of Bitcoin skyrockets again as US ETF launch enhances investor exposure

Firstpost  

The fund, which opened on 19 October, allows investors to speculate on the future value of Bitcoin without actually owning it. It is the first time investors have been able to trade an asset related to Bitcoin on the New York Stock Exchange London: Bitcoin’s journey into mainstream finance has reached another major milestone and another record price. The cryptocurrency …

Bitcoin investing could get boost from exchange-traded fund
3 years, 2 months ago

Bitcoin investing could get boost from exchange-traded fund

Associated Press  

NEW YORK — Interested in Bitcoin but don’t want to open a crypto trading account? ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. It doesn’t have a perfect track record, though: When the U.S. stock market fell nearly 34% at the start of the pandemic in 2020, Bitcoin lost roughly as much. The …

Premarket stocks: This could make bitcoin bigger than ever
3 years, 2 months ago

Premarket stocks: This could make bitcoin bigger than ever

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “We view the approval of a Bitcoin futures ETF as a positive step for the digital asset space,” Isaac Boltansky, BTIG’s director of policy research, said in a recent note to clients. “But as the financial crisis showed us, you don’t have to account for a …

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