Tag: Bitcoin News

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Bernstein: The U.S. Likely to Approve a Spot Bitcoin ETF

Brokerage firm Bernstein believes that there is a strong possibility that the US Securities and Exchange Commission will approve a spot Bitcoin (BTC) exchange-traded-funds (ETF).  In a research report released on Monday, Bernstein said the SEC is under increasing pressure to greenlight such a product, specifically since the commission has already granted approval for futures-based bitcoin ETFs and leverage-based futures ETFs. … Read More:…
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Bitcoin and Cryptos Rally, Unfazed by BlackRock ETF Worries

Bitcoin (BTC) and the broader crypto market held on to their recent gains on Tuesday, with Bitcoin appearing to hold support above the $31,000 level. As of Tuesday at press time, BTC traded just north of $31,000, up 1.2% for the past 24 hours, while Ethereum’s native ETH token was more or less unchanged over…
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Coinbase to Partner with Fidelity and Other Bitcoin ETFs for Surveillance – Here’s the Latest

Last week, a Wall Street Journal (WSJ) report unveiled the dissatisfaction of SEC insiders with the recent batch of spot bitcoin ETF applications from prominent financial institutions like Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco.  Following this revelation, four of the firms mentioned, namely Fidelity, Vaneck, Invesco, and Wisdomtree took action and resubmitted their…
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Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance Level – How High Can BTC Go This Week?

Bitcoin’s price currently stands at $30,558, experiencing a slight drop of nearly 0.50% on Sunday.  The recent rejection of Bitcoin spot-price ETF applications by the US SEC surprised bullish investors hoping to maintain Bitcoin’s price above $31,000. In other news, Cboe has resubmitted Spot Bitcoin ETFs in partnership with Coinbase, although the SEC remains cautious. …
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Bitcoin Price Takes Hit As SEC Reportedly Brands ETF Filings ‘Inadequate’

The US Securities and Exchange Commission (SEC) has raised concerns about recent applications for spot bitcoin exchange-traded funds (ETFs).  The agency found that the applications, submitted by asset managers like BlackRock and Fidelity through exchanges Nasdaq and CBOE Global Markets, lacked clarity and completeness.  The SEC has informed Nasdaq and CBOE about these inadequacies, but…
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Bitcoin Price Prediction Turns Bullish as $20 Billion Trading Volume Sends BTC Above $30,000 – Time to Buy?

The price of Bitcoin has experienced a bullish turnaround, propelled by a substantial trading volume of $20 billion, which has pushed BTC above the $30,000 mark.  However, amidst the bullish surge in Bitcoin’s price, the cryptocurrency faces some pressure following the recent announcement by the US Securities and Exchange Commission (SEC) stating that spot Bitcoin…
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Americans Want Regulated Spot Bitcoin ETFs, Says Coinbase’s Chief Legal Officer

The American people want access to more safe and regulated crypto-based investment products, and the market is now responding to this, Coinbase’s chief legal officer Paul Grewal has stated…. Read More: Americans Want Regulated Spot Bitcoin ETFs, Says Coinbase’s Chief Legal Officer  Read more »Sign up for e-EUR – the progressive stablecoin

Bitcoin Price Prediction: Where is the Next BTC Target as $25 Billion in Trading Volumes Flood In?

Bitcoin saw a spike in trading volumes on Friday, which have exceeded $25 billion in the past 24 hours as per CoinGecko. The spike in trading activity came as Bitcoin dipped back to test the $30,000 level from above $31,000 on a WSJ report that the SEC had informed spot bitcoin ETF applicants that their…
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Rise in Salaries Paid in Bitcoin as Employees Opt for Crypto Amid Economic Uncertainty

Human Resources industry executives have noted that employees are willing to receive their salaries in Bitcoin (BTC), given the current hyperinflation and political conundrum in many regions worldwide. Recent bank failures and volatility among fiat money are shifting people to opt for stablecoins like USD Coin (USDC), sources told Cointelegraph…. Read More: Rise in Salaries…
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Cathie Wood’s ARK Adds Surveillance-Sharing Agreement to Bitcoin ETF Application

Cathie Wood’s investment management firm, ARK Invest, is on the growing list of US-based firms that filed for spot Bitcoin exchange-traded funds (ETFs) approval with the SEC.   The investment manager, alongside crypto asset manager 21Shares, filed an amended spot BTC ETF proposal and added a surveillance sharing agreement. This amendment followed almost two weeks after…
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