Category: Spot Bitcoin ETF

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Bitcoin Price Forecast: Analysts Caution Against Missing Out As BTC May Surge To $500k With ETF Launch

As the Bitcoin price has regained previously lost territory, following reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs), new developments have reignited hopes among investors.  Although the approval of these index funds is not expected to occur on Friday, sources indicate that the upcoming…
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VanEck Commits to Donating 5% of BTC ETF Profits to Bitcoin Developers at Brink

Source: DALL·E Asset manager VanEck, a potential provider of a Bitcoin exchange-traded fund (ETF), has revealed plans to donate a portion of the profits from the investment vehicle to Bitcoin core developers upon approval. In a post on X (formerly Twitter) on January 5, VanEck announced a 5% pledge to Bitcoin core developers through the…
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Hashdex Launches New Commercial for Spot Bitcoin ETF

Source: AdobeStock Hashdex, an asset management firm, has released a new commercial ahead of the upcoming US Securities and Exchange Commission (SEC) decision on the listing of spot Bitcoin exchange-traded funds (ETFs) in the country. On January 5, Hashdex posted an advertisement on X (formerly Twitter), aligning with its series of ads strategically crafted to…
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Bitcoin Price Analysis: Ascending Parallel Channel Pattern Points To $57,000 Target

As anticipation builds around the potential approval or rejection of spot Bitcoin (BTC) exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) on January 5, the Bitcoin price has witnessed a notable 2.7% recovery in the past 24 hours.  This development comes amidst growing speculation about the patterns that could drive the Bitcoin…
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Bitcoin (BTC) Price Pumps Towards $45,000 as Reporter Claims SEC to Approve “Multiple” BTC ETF Applications – News Expected as Soon as “Tomorrow”

The Bitcoin (BTC) price rose as high as the $44,800s on Thursday, with bulls eyeing a retest of the $45,000 level following reports that the US SEC is to approve multiple spot Bitcoin Exchange Traded Fund (ETF) applications, with news expected as soon as tomorrow. It was TechCrunch’s senior crypto report Jacquelyn Melinek broke the…
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Bitcoin Price Reclaims $43,000 On Rumor Of ETF Approval Tomorrow

In a strong turnaround from yesterday’s flash crash, the Bitcoin (BTC) price has staged a recovery, breaching the $43,000 mark. This surge comes after yesterday’s intense volatility, where the cryptocurrency giant witnessed an over 11% flash crash following a controversial report from Matrixport. The report suggested a potential rejection by the US Securities and Exchange…
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Bitcoin Crashes To $41,500 As ETF Approval Hangs In Balance: Experts

As the January 10 deadline for the US Securities and Exchange Commission (SEC) to decide on a series of spot Bitcoin Exchange-Traded Funds (ETFs) approaches, the market is rife with speculation. Initially, there was a strong consensus for approval, but recent expert analyses suggest a possible change in course. Meanwhile, the Bitcoin price has crashed…
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CryptoQuant Sound Alarm: Spot Bitcoin ETF Approval May Trigger Drop To $32,000, Here’s Why

A recent report from CryptoQuant has sparked discussions, suggesting that a Bitcoin spot exchange-traded fund (ETF) approval by the US Securities and Exchange Commission (SEC) could lead to a significant market event. This possibility arises amid the Bitcoin (BTC) price stabilizing above $40,000, leaving many market participants sitting on substantial unrealized profits. The report by…
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Cathie Wood’s ARK ETF Overhauls Bitcoin Portfolio: ProShares In, Grayscale Out – What’s The Strategy?

In a significant shake-up of its Bitcoin (BTC)-related holdings, Cathie Wood’s ARK Next Generation Internet exchange-traded fund (ETF) has made strategic changes as BTC ends the year with a significant 156% surge. According to a Bloomberg report, the ETF sold all its remaining 2.25 million shares of the Grayscale Bitcoin Trust (GBTC) while acquiring 4.32…
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Barry Silbert Resigns as Chairman of Grayscale Investments

Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing for Grayscale’s Next Chapter Barry Silbert, the founder and CEO of…
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