Main topic: The launch of Europe's first bitcoin spot exchange traded fund (ETF) and the progress of integrating crypto assets in traditional financial instruments in Europe.
Key points:
1. Jacobi Asset Management's bitcoin spot ETF went live, becoming the first of its kind in Europe.
2. Europe is making steady progress in integrating crypto assets in traditional financial instruments.
3. The U.S. Securities and Exchange Commission (SEC) is delaying deadlines for similar applications, while bitcoin futures ETFs already exist in the United States.
Hint on Elon Musk: The article does not mention Elon Musk.
Ark Invest and 21Shares have filed with the SEC to introduce an Ethereum Futures ETF, while the approval for their collaborative Bitcoin ETF remains pending.
The US Securities and Exchange Commission is seeing a surge in proposals for crypto ETFs, including spot bitcoin ETFs and ether futures ETFs, which could have significant impacts on the adoption of cryptocurrencies, market moves, and the potential outperformance of various tokens.
The crypto market analyst at Bloomberg Intelligence predicts that the unlocking of billions in capital flowing into US-based ETFs could make 2024 a significant year for digital assets despite the US Securities and Exchange Commission's stance on crypto.
Major financial institutions like BlackRock, Fidelity Investments, and VanEck applying for Bitcoin exchange-traded funds (ETFs) is a strategic marketing move that is reshaping the narrative of Bitcoin and boosting its credibility as a mainstream asset class in the eyes of seasoned financiers.
The United States Securities and Exchange Commission (SEC) has delayed BlackRock's application for a Bitcoin exchange-traded fund (ETF), pushing the decision deadline to October 17th.
Bitcoin's volatility has increased as the market reacts to news regarding the United States Securities and Exchange Commission's delay on Bitcoin exchange-traded fund (ETF) applications, with Bloomberg analysts remaining optimistic about the possibility of Bitcoin ETFs being approved in 2023.
BlackRock's entry into the cryptocurrency market through a proposed ETF has attracted attention, but its interactions with the SEC indicate potential challenges ahead.
The race for the first spot Ethereum exchange-traded fund (ETF) in the United States has begun, with the Chicago Board Options Exchange filing 19b-4 applications for two Ethereum ETFs, and more filings are expected in the coming days, according to Bloomberg ETF analyst James Seyffart.
A Bitcoin ETF is likely to be approved in the US by the end of 2023, with recent developments indicating increased prospects of approval, potentially revitalizing Bitcoin and lifting the crypto market out of its bearish state.
Cathie Wood's Ark fund and 21Shares are seeking to establish America's first spot ether ETF, promising a safer way to trade the second-largest cryptocurrency, as the race to launch ETFs backed by bitcoin gains momentum.
The market is underestimating the potential impact and value of Spot Bitcoin ETFs, with analysts arguing that approval would lead to significant financial inflows and buying pressure, and that it is a good time to enter the market and start building a crypto portfolio, despite regulatory challenges. Ethereum could also benefit from a futures-based ETF listing, but there is caution about the SEC potentially classifying ETH as a security. Overall, the global crypto adoption is dependent on market maturity, regulatory intervention, and consistent long-term adoption.
Ether (ETH) has experienced a modest increase in price in 2023, but it is still trading significantly below its peak in November 2021, raising questions among investors about the reasons behind the decline and potential catalysts for a reversal. The ongoing legal battle between Ripple and the SEC, as well as regulatory uncertainties surrounding the Ethereum ICO, remain sources of concern. However, positive surprises such as the request for a spot Ether ETF and Ethereum's position to benefit from Bitcoin-related catalysts give hope to investors.
The US Securities and Exchange Commission (SEC) has extended its deadline to consider the approval of a spot Bitcoin ETF offering from ARK 21Shares, setting a final deadline for January 10, 2024, as it takes the maximum time allowed to reach a decision on the matter.
U.S. crypto exchange Kraken is planning to offer stocks and ETFs for trading, potentially becoming the first crypto exchange to explore options outside of crypto assets. The exchange is aiming to launch this service by 2024.
Asset management firm Valkyrie will offer Ether (ETH) futures to US investors through its Bitcoin Strategy exchange-traded fund (ETF), becoming one of the first firms to do so amid pending applications with the SEC, with the fund's name changing to the Valkyrie Bitcoin and Ether Strategy ETF on October 3.
VanEck has released TV commercials for its upcoming Ethereum futures ETF, suggesting that the launch may happen sooner than expected, leading to a marketing war among ETF issuers as approvals for Ethereum futures ETFs and spot Bitcoin ETFs are anticipated.
The US Securities and Exchange Commission has further delayed its review of applications for the first Bitcoin exchange-traded fund (ETF) from BlackRock, Invesco, and others, despite having until mid-October to make a decision.
Investment management firm VanEck is launching its Ethereum Strategy ETF, which will invest in Ether futures contracts and has no direct exposure to ETH, with trading set to begin on October 2nd on the Chicago Board Options Exchange (CBOE).
The number of ETFs tied to cryptocurrencies, particularly ether, is expanding rapidly, making it easier for financial professionals to gain exposure to the crypto market, while the launch of ether futures products may indicate optimism for the approval of spot bitcoin products by the SEC.
Cryptocurrency prices surged in October, with Bitcoin and Ethereum both experiencing positive gains, while the launch of Ethereum exchange-traded funds (ETFs) contributed to the momentum in the market. Bitcoin saw a significant increase in price after the clearing of short positions in the futures market, and Ethereum's rise was driven by the anticipation of ETF launches.
Volatility Shares has canceled its plans to launch an Ether (ETH) futures exchange-traded fund (ETF) due to market changes, but plans to launch at a later date are still undetermined.
Three major Ethereum futures exchange-traded funds (ETFs) have been launched by VanEck, ProShares, and Bitwise, causing a spike in the cryptocurrency markets.
Bitcoin ended the day slightly higher but saw a dip as the US 10-year yield surged, while the launch of ether futures ETFs did not generate much investor interest; however, the overall crypto market has been experiencing a rally influenced by factors like SEC approvals and government decisions, but there are concerns about the sustainability of this rally.
The launch of nine new Ethereum futures exchange-traded funds (ETFs) saw underwhelming trading volume of less than $2 million on the first day, with none of the products standing out as a clear winner, indicating that investors may prefer spot ETF products over futures.
The launch of futures-based ETH ETFs attracted little interest from investors, causing the price of Ether to drop to its lowest compared to Bitcoin since July 2022, prompting experts to advise rotating back to Bitcoin.
Ether (ETH) futures ETFs had a lackluster performance in their first week of trading, with low volumes compared to bitcoin (BTC) futures, prompting analysts to revise their bullish outlook and focus on bitcoin investments instead.
The SEC's engagement with spot bitcoin ETF applicants and positive developments from BlackRock indicate a high chance of approval for bitcoin spot ETFs by the end of 2023 or the first quarter of 2024, potentially leading to a wave of institutional investment and redefining investment dynamics.
ProShares' Short Ether Strategy ETF, which aims to mirror the inverse performance of the daily S&P CME Ether Futures Index, is set to start trading in November following the approval of the first Ethereum futures ETFs.
Ark Invest CEO Cathie Wood has provided an update on the status of Bitcoin ETFs, stating that multiple approvals could occur by the end of 2023 or early 2024, with Ark Invest's filing having a final deadline of January 10, making them first in line for approval.
A cryptocurrency exchange-traded fund (ETF) is expected to launch soon, but caution is advised as the market may have already factored in potential gains.
Fidelity has amended its Bitcoin ETF application and emphasizes the risks associated with the product, as market analysts predict that a Bitcoin ETF is closer to approval, which could bring fresh capital into the market. However, concerns about the volatility of the crypto market and regulatory scrutiny remain. Several major Wall Street players have also applied for a Bitcoin ETF, and analysts believe there is a 90% chance of approval in January 2022.
Bitcoin surpassed $30,000 for the first time since August, driven by optimism that the SEC will approve exchange-traded funds (ETFs) investing directly in the cryptocurrency. Market participants anticipate approval of a spot bitcoin ETF by January 10th, the deadline for a response to ETF applications.
Several new Ethereum futures ETFs have been launched in the U.S., providing investors with a way to gain exposure to Ethereum without directly holding the cryptocurrency themselves. These ETFs offer a convenient and low-risk option for investors who are bullish on Ethereum's future but do not want to deal with the complexities and risks of owning and storing the digital asset.
If the U.S. Securities and Exchange Commission approves a spot Bitcoin exchange-traded fund (ETF), a top analyst predicts that Bitcoin could reach levels not seen since November 2021, potentially appreciating by over 100%.
Cryptocurrency prices surged as bitcoin rallied on hopes of a spot bitcoin exchange-traded fund (ETF) launching soon, with institutional demand for a spot bitcoin ETF stronger than ever before and a number of firms, including ARK Invest, VanEck, BlackRock, and Coinbase, filing for bitcoin ETFs.
Cryptocurrency prices surged as bitcoin reached its highest level since May 2022, driven by hopes of a spot bitcoin exchange-traded fund (ETF) launching soon after the SEC declined to challenge Grayscale Investments' court loss. Several firms, including ARK Invest, VanEck, BlackRock, and Coinbase, have filed for bitcoin ETFs, and there is significant institutional demand for a spot bitcoin ETF with expectations of SEC approval.
Seasonal rotations into bitcoin ETFs and underdog stocks in October present investment opportunities before year-end rallies and after the hot summer markets have cooled down, according to Jeffery Hirsch, editor of the Stock Trader's Almanac.
A Bitcoin ETF could be approved in the near future, with speculation that BlackRock's application will receive approval from the SEC, but experts believe that initial demand may not meet the hype and that the performance of a spot market Bitcoin ETF may be subdued compared to futures ETFs. However, in the long-term, experts agree that the approval of a Bitcoin ETF would be positive for the cryptocurrency and create a more favorable investment environment in the US.
There is increasing optimism for the approval of a Bitcoin ETF in the near future, supported by recent cryptocurrency regulatory developments and court victories for Ripple and Grayscale, as well as Bitcoin's price surge in October.
