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.
BlackRock, the world's largest asset manager, has filed a proposal to establish a Bitcoin exchange-traded fund (ETF), which could increase mainstream acceptance of Bitcoin investing and open up new investment opportunities if approved by the U.S. Securities and Exchange Commission (SEC).
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.
Brazilian crypto asset management firm, Hashdex, has submitted an application to the SEC for approval to operate a Bitcoin exchange-traded fund (ETF) using spot Bitcoin acquired within the regulated CME market, in contrast to other firms' strategies of surveillance-sharing agreements with Coinbase, which it claims may not address the SEC's concerns.
A series of Bitcoin Exchange Traded Fund (ETF) applications have been submitted to the SEC, potentially offering investors a more accessible way to invest in cryptocurrency and bridging the gap between traditional finance and digital assets.
A federal appeals court ruling has opened the door for the launch of a spot Bitcoin exchange-traded fund (ETF), with a number of high-profile asset managers potentially being approved to enter the market, leading to increased competition and potential fee reduction for fund managers.
The US Securities and Exchange Commission (SEC) may prepare alternative arguments to reject spot bitcoin exchange-traded-fund (ETF) applications despite a recent court ruling favoring Grayscale's attempt to convert the Grayscale Bitcoin Trust into an ETF, according to German investment bank Berenberg. However, the victory for Grayscale potentially increases the chances of the SEC approving one or more spot bitcoin ETF applications, which could have a significant impact on the crypto industry by providing institutional investors with easier market access.
Former SEC chair Jay Clayton believes that the approval of spot Bitcoin exchange-traded funds (ETFs) is inevitable, as major financial institutions backing BTC investment vehicles represent a shift in how retail investors can access crypto. The SEC has 45 days to approve, deny, or delay ETF applications from 7 major firms.
Bitcoin may experience a bull market if a spot-based Bitcoin exchange-traded fund (ETF) is approved around the time of the next halving, leading to a supply and demand shock in the cryptocurrency market.
Approval of a Bitcoin exchange-traded fund (ETF) in the United States could have a severe impact on major cryptocurrency exchanges, with ETFs offering advantages such as lower fees and the handling of digital assets and tax efficiency for consumers, according to Bloomberg analyst Eric Balchunas.
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.
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.
Franklin Templeton has filed for a spot bitcoin exchange-traded fund (ETF), which, if approved, would allow everyday investors to easily gain exposure to the price of bitcoin in their brokerage accounts.
The Nasdaq stock exchange has applied to the SEC to list an Ethereum ETF offered by Hashdex, which includes a combination of spot ether holdings and futures contracts, pioneering a new approach to cryptocurrency investment under the regulatory framework.
Nasdaq is aiming to be the first US exchange to list a spot bitcoin ETF, with a focus on the approval process and the importance of a surveillance sharing agreement with a regulated market of significant size.
Four members of the United States Congress are urging SEC Chair Gary Gensler to approve the listing of spot Bitcoin exchange-traded funds (ETFs) immediately, claiming that the SEC is discriminating against such products despite legal precedent. They argue that spot BTC ETFs would provide increased investor protection and transparency.
The approval of a spot bitcoin ETF by the SEC could lead to the approval of a spot ether ETF as well, presenting a potentially greater opportunity for Grayscale's Ethereum Trust due to its larger discount and Ethereum's better upside as a leading platform for Web3 development.
The US SEC is considering applications for spot crypto ETFs from Franklin Templeton and Hashdex, but there are delays in approving VanEck's and ARK's ether ETF applications.
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.
Spot Bitcoin ETFs are poised to be approved by the U.S. Securities and Exchange Commission, which would streamline institutional adoption of digital assets in the country and bring in fresh capital, as traditional financial institutions like BlackRock, Fidelity, and VanEck apply for spot Bitcoin ETF listings.
Top NASDAQ exchange-traded funds (ETFs) provide diversified exposure to established technology companies and sectors such as consumer discretionary and healthcare, offering investors a solution to mitigate risk and invest in a portfolio of stocks rather than relying on individual companies.
Money market exchange-traded funds (ETFs) provide access to the fixed income space, offering capital preservation and security during market turbulence by investing in high-quality, short-term debt instruments; the top money market ETFs include CSHI, PULS, and YEAR.
The recent filing for a spot Ethereum exchange-traded fund (ETF) in the United States by ARK Invest marks a turning point in the integration of digital assets into traditional finance, signaling the dawn of institutional liquid staking and the need for regulatory approval for mainstream adoption.
US regulators are likely to approve all spot Bitcoin exchange-traded fund (ETF) applications at once, according to a former executive at BlackRock, due to the influential role of the investment titan in the industry.
JP Morgan analysts assert that the approval of a spot bitcoin exchange-traded fund (ETF) could lead to a rally in the BTC mining industry, which is currently threatened by record-high hashrates and an upcoming block reward halving, and they recommend mining operators that offer the best value, such as CleanSpark and Iris Energy.
Cathie Wood's Ark Invest has filed a second amended application for a Bitcoin spot exchange-traded fund (ETF), addressing additional risk warnings associated with the Bitcoin network and ensuring that assets are kept separate from corporate or customer funds, indicating progress towards the approval of the industry's first spot Bitcoin ETF.
Approval of spot-based Bitcoin exchange-traded funds (ETFs) is partially priced in, leading to Bitcoin outperforming other cryptocurrencies, according to Coinbase Institutional, but once the ETFs are approved, Bitcoin's edge over the market may diminish.
ARK Invest CEO Cathie Wood believes that the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is blocking a spot market Bitcoin exchange-traded fund (ETF) despite the agency's knowledge and understanding of Bitcoin. Wood suggests that multiple spot Bitcoin ETFs may be approved in the future.
The intense interest in spot market bitcoin ETFs stems from the desire to bridge the gap between traditional finance and the bitcoin asset class, allowing access to billions of dollars of sidelined capital, despite the SEC's historical rejection of spot-based BTC ETF applications due to concerns of market manipulation and inadequate market surveillance systems.
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.
Galaxy Digital CEO Mike Novogratz predicts that a spot Bitcoin ETF will likely be approved within the next three months, as the Securities and Exchange Commission (SEC) is under pressure to greenlight the product following its court loss to Grayscale, while ETF applicants and analysts notice a more constructive change in tone from the agency.
Interest in the potential launch of a spot bitcoin ETF has surged among retail investors, as indicated by the worldwide Google search value for "spot bitcoin ETF" approaching its peak value of 100, signaling maximum interest, while the search value for "bitcoin ETF" has reached its highest level in two years. Retail investors are seeking information on how a spot ETF might impact the cryptocurrency market. The approval of a spot BTC ETF is seen as a significant milestone in bitcoin's mainstream adoption and is expected to bring increased liquidity.
Increased optimism about the potential approval of multiple spot bitcoin exchange-traded-funds (ETFs) has led to the recent gains of Bitcoin (BTC), according to JPMorgan.
The approval of a Bitcoin spot exchange-traded fund (ETF) in the US could potentially add $1 trillion to the crypto market value, according to bitcoin and crypto price models.
Coinbase's chief legal officer is optimistic that bitcoin spot exchange-traded fund (ETF) applications will be approved by the U.S. Securities and Exchange Commission, potentially boosting the price of bitcoin and benefiting crypto-linked stocks.
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%.
The potential approval of a bitcoin spot ETF has garnered significant attention, and this article explains the process of how an ETF is created, who approves it, and why the lack of a bitcoin spot ETF has been a point of controversy.
Crypto ETF expert Stuart Barton predicts that all applications for spot bitcoin exchange-traded funds (ETFs) to the SEC may be approved simultaneously, following the SEC's approval of multiple ether ETFs at once, setting a precedent.
BlackRock's proposed iShares spot Bitcoin exchange-traded fund (ETF) has been listed on the Depository Trust & Clearing Corporation (DTCC), indicating potential approval from the SEC and potentially opening the door for other spot crypto ETF filings to be reviewed by the SEC.
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.
BlackRock and other asset managers have filed applications to list a spot Bitcoin ETF, which would allow investors to gain direct exposure to Bitcoin without managing a crypto wallet or using a crypto exchange, presenting a significant development in the market and a cost-effective option for investors.
Spot bitcoin ETFs could attract $14.4 billion in the first year of issuance, with potential inflows of $27 billion and $39 billion in the second and third years respectively, according to Galaxy Digital, as these ETFs offer a better investment vehicle compared to existing products and could tap into the $48.3 trillion assets managed by broker-dealers, banks, and RIAs in the US.
The U.S. Securities and Exchange Commission (SEC) has multiple filings for potential bitcoin exchange-traded products under consideration, including an application from Cathie Wood's ARK Invest; approval of a spot bitcoin exchange-traded fund (ETF) could drive increased demand for the cryptocurrency.
