SEC approves bitcoin ETFs for some investment firms
11 months, 1 week 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 have been echoed by many financial advisers and the investor watchdog group Better Markets, which strongly opposed the SEC’s approval of bitcoin ETFs. “With the flagrantly lawless crypto industry crashing and burning due to a mountain of arrests, criminal convictions, bankruptcies, lawsuits, scandals, massive losses, and millions of investor and customer victims, who would have thought that the SEC would come to its rescue by approving a trusted and familiar investment vehicle that will enable the mass marketing of a known worthless, volatile, and fraud-filled financial product to Main Street Americans.” Of course, there are many crypto advocates who are very pleased with the move.

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SEC widens accessibility of crypto investing with approval of ETFs for ether
6 months, 4 weeks ago

SEC widens accessibility of crypto investing with approval of ETFs for ether

Live Mint  

The Securities and Exchange Commission approved the first U.S. exchange-traded funds holding ether, the largest cryptocurrency behind bitcoin, in an about-face that surprised the crypto community. Thursday’s decision paves the way for the eventual trading of ether ETFs, by allowing exchanges to list such products. Yet Thursday’s approval of the commodities-based ether ETFs suggests the SEC has concluded the token …

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 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 …

Column: Vanguard, one of our top investment firms, shuns crypto ‘like the plague.’ That’s good for its customers
9 months, 3 weeks ago

Column: Vanguard, one of our top investment firms, shuns crypto ‘like the plague.’ That’s good for its customers

LA Times  

After Jan. 10, when the Securities and Exchange Commission approved the first bitcoin exchange-traded investment products, the biggest investment firms jumped into the pool with both feet, jostling one another to offer their clients, big or small, access to bitcoin funds. “In Vanguard’s view, crypto is more of a speculation than an investment,” Janel Jackson, the firm’s global head of …

SEC’s approval of Bitcoin ETFs sends muddled message
11 months, 1 week ago

SEC’s approval of Bitcoin ETFs sends muddled message

The Hindu  

Despite final approval from the US Securities and Exchange Commission for Bitcoin exchange-traded funds or ETFs by investment firms like Fidelity, BlackRock and Grayscale, the cryptocurrency hasn’t been warmly received at the regulatory body. Statements made by three out of five SEC commissioners on January 10, a day ahead of the news showed discord in the SEC over the underlying …

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 …

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," …

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 chair denies a bitcoin ETF has been approved, says account on X was hacked
11 months, 2 weeks ago

SEC chair denies a bitcoin ETF has been approved, says account on X was hacked

Associated Press  

NEW YORK — The Securities and Exchange Commission said Tuesday that a post sent from the agency’s account on the social platform X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized,” and that the agency’s account was hacked. The price of bitcoin briefly spiked more than $1,000 after the post on X, formerly known as Twitter, claimed …

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 …

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 …

Why bitcoin is surging again
1 year, 1 month 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 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 …

BTC Price Rally: What BlackRock's ETF Move Has To Do With Bitcoin's Sudden Boost
1 year, 6 months ago

BTC Price Rally: What BlackRock's ETF Move Has To Do With Bitcoin's Sudden Boost

ABP News  

In a significant development for crypto investors, Bitcoin has surpassed $28,000, reaching its highest point this month, fueled by BlackRock's bid to establish a US exchange-traded fund. "The BlackRock ETF application seemed to have sparked the rally, but there are certainly other factors at play," remarked Aaron Brown, a crypto investor and Bloomberg Opinion contributor. Simultaneously, a new cryptocurrency exchange …

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 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 …

Bitcoin in red on October 17, but remains above $60,000 on US ETF fund approval nod
3 years, 2 months ago

Bitcoin in red on October 17, but remains above $60,000 on US ETF fund approval nod

Firstpost  

The SEC fuelled speculation of the imminent approval after writing the following advice on one of its accounts on Twitter: “Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.” Cryptocurrency prices continue to be in the red on 17 October. “An SEC Bitcoin ETF approval is a watershed moment …

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes
3 years, 2 months ago

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes

The Hindu  

Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The U.S. Securities and Exchange Commission is set to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported …

Bitcoin tops $60,000 as investors bet on ETF approval
3 years, 2 months ago

Bitcoin tops $60,000 as investors bet on ETF approval

CNN  

New York CNN Business — Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund. Cryptocurrency investors were excited by a tweet from the verified account of the SEC’s Office of Investor Education and Advocacy late Thursday that said, “before investing in a fund …

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