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 Court of Appeals has once again postponed a decision on Grayscale's Spot Bitcoin ETF case, causing confusion within the community, with the verdict now expected on August 29th; analysts believe that the approval of the Bitcoin ETF could bring in new investors and boost the prices of Bitcoin and other cryptocurrencies.
ARK Invest CEO Cathie Wood predicts that the market capitalization of cryptocurrencies will increase by over 2,100% in less than seven years, driven by institutional investment and the potential approval of a Bitcoin exchange-traded fund (ETF), with the total crypto market cap potentially reaching $25 trillion by 2030.
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 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.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on spot bitcoin ETF applications until October, causing a 4.1% drop in bitcoin's value.
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.
The U.S. Securities and Exchange Commission's delay in approving the first spot bitcoin exchange-traded fund (ETF) has not diminished the optimism of many in the crypto industry, with approval still considered inevitable according to former SEC chair Jay Clayton, and pending applications from Blackrock, Fidelity, and others increasing the probability of approval, which would be a "watershed moment" for bitcoin.
Former SEC Chairman Jay Clayton believes that the approval of a spot Bitcoin ETF by the U.S. is inevitable, as retail investors' restrictions on trading Bitcoin-based products cannot continue indefinitely.
The Securities and Exchange Commission (SEC) is more likely to approve spot bitcoin ETF applications following a federal court ruling that highlighted the regulator's arbitrary treatment of similar products, potentially leading to the withdrawal of approval for futures-based bitcoin ETFs. However, while the approval of spot bitcoin ETFs may be closer, it is unlikely to have a significant impact on the crypto market.
Asset managers ARK Invest and 21Shares have applied for regulatory approval for an exchange-traded fund (ETF) that would directly hold ether (ETH), the second largest cryptocurrency, with custody provided by Coinbase Custody Trust Company.
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.
ARK Invest, an asset management firm, has highlighted several economic challenges that could arise for the remainder of 2023, despite the bullish sentiment in the equities markets, including interest rates, GDP estimates, unemployment, and inflation, which may affect the path of Bitcoin's bull run.
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.
The U.S. Securities and Exchange Commission (SEC) has delayed its response to spot bitcoin ETF applications from Ark 21Shares and Global X as it extends the deadlines amid budget negotiations and the potential for a government shutdown.
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 United States Securities and Exchange Commission (SEC) has postponed its decision on approving spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck, extending the deadline to December 25 and December 26 respectively, while the New York Stock Exchange Arca and Cboe BZX Exchange also filed proposed rule changes for various crypto ETFs on September 27.
The launch of Ethereum futures ETFs in the U.S. may be expedited due to the possibility of a government shutdown, with analysts suggesting that trading could begin as early as next week.
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.
Bitwise Asset Management has announced the launch of two Ether futures ETFs on October 2, allowing investors to access Chicago Mercantile Exchange Ether futures.
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 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.
Bitcoin and other cryptocurrencies have been affected by the Federal Reserve this year, potentially leading to a difficult situation for bitcoin prices, but a former BlackRock managing director predicts that the U.S. SEC will approve a bitcoin spot ETF within the next few months.
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.
ARK Invest and 21Shares have amended their spot Bitcoin ETF filing, addressing concerns raised by the SEC, indicating progress towards approval.
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.
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.
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.
The U.S. Securities and Exchange Commission (SEC) is exhibiting a change in attitude towards ARK Invest's application for a Bitcoin exchange-traded fund (ETF), engaging in a healthy exchange of information and potentially bringing institutional interest into Bitcoin once approved.
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.
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.
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 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.
The potential launch of a spot Bitcoin ETF in the US is driving up the price of cryptocurrencies as investors anticipate a flood of institutional investments worth trillions of dollars, according to Paul Brody, global blockchain leader at Ernst & Young (EY).
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.
Bitwise CEO, Matt Hougan, predicts that a spot Bitcoin ETF could attract $50 billion in the first five years, with approximately $5 billion flowing into the product in its first year.
