Bitcoin Surges 150% This Year, Hits $42,000 As Spot ETF Excitement Builds

Bitcoin Surges 150% This Year, Hits $42,000 As Spot ETF Excitement Builds
фото показано с : bitcoinmagazine.com

2023-12-5 20:16

Bitcoin has experienced a 150% surge in value throughout the year, reaching over $42,000 early Monday morning. This explosive growth comes amidst mounting anticipation surrounding the potential launch of a Bitcoin spot exchange-traded fund (ETF) in the United States.

The main contributing factor to Bitcoin's recent surge, in addition to the halving event approaching amongst other bullish developments, appears to be the mounting speculation surrounding the approval of a Bitcoin spot ETF by regulatory authorities in the United States. Such an ETF, if approved, would allow traditional investors to gain exposure to spot Bitcoin, potentially boosting the price of the asset.

"Money will flood into the industry with a Bitcoin ETF, it's just easy to buy it," said Tom Farley, the former President of the New York Stock Exchange on CNBC a couple weeks ago. "People believe in Bitcoin. Bitcoin is a great invention. It is a store of value."

Market analysts have been repeatedly beating the drum on that the introduction of an ETF would attract a fresh influx of institutional investments, further bolstering Bitcoin's position as a mainstream asset class.

Last Thursday, $250 billion asset manager founder Ric Edelman said financial advisors are waiting for spot Bitcoin ETFs to be approved before providing their clients exposure to BTC.

This past Friday, Grayscale stated "we believe that regulatory approval of a spot Bitcoin ETF in the U.S. is a matter of 'when', not a matter of 'if'." The next day, Bloomberg ETF analyst James Seyffart noted that the next window of potential ETF approvals is now January 5-10, 2024. "Really this means that any potential approval orders are going to come on either Monday Jan 8, Tuesday Jan 9, or Wednesday Jan 10," he explained. "Mark your calendars people.

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etf spot bitcoin mounting surrounding anticipation potential

Источник: bitcoinmagazine.com

etf spot → Результатов: 126


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2024-2-14 18:00


Фото:

SEC rumored to be instructing spot Bitcoin ETF applicants to incorporate cash creates

Bloomberg analyst Eric Balchunas reported on Nov. 17 that securities regulators are instructing spot Bitcoin ETF applicants to handle funds in a specific way. In a post on X, Balchunas wrote: “Hearing chatter [that the Securities and Exchange Commission’s Trading & Markets division] engaged [with] exchanges this week on spot bitcoin ETF 19b-4s, is advising […] The post SEC rumored to be instructing spot Bitcoin ETF applicants to incorporate cash creates appeared first on CryptoSlate.

2023-11-18 00:10


Ethereum ETF Race: BlackRock Wants An Ether Spot ETF

BlackRock has joined the Ethereum Spot ETF race as the asset management company has officially applied to the US SEC and is currently waiting for approval.   BlackRock Files For An Ethereum Spot ETF Following its Spot Bitcoin ETF filing, BlackRock, an American investment company has taken the proactive step by filing an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC).

2023-11-18 23:00


Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada

Grayscale sent a letter to SEC regarding its repeated rejection of physically-backed Bitcoin ETFs, which it says violates the Administrative Procedure Act (APA). The post Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada first appeared on BitcoinExchangeGuide.

2021-12-1 20:21


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Gemini’s David Abner says the SEC will approve a spot BTC ETF in 2022

David Abner, the Global Head of Business Development at leading cryptocurrency exchange Gemini, believes the SEC will eventually approve a pure-play Bitcoin (BTC/USD) ETF. Abner shared his bullish opinions during the November 22 episode of CNBC’s ETF Edge, saying approving a pure-play BTC ETF would be the answer to the regulator’s crypto conundrum.

2021-11-24 21:55


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Timo Lehes says SEC rejected VanEck’s BTC ETF because the market is not ready

Timo Lehes, the Managing Director at Swarm Capital, believes the US Securities Exchange Commission (SEC) rejected VanEck’s Bitcoin ETF because the market is not ready. Lehes shared his sentiments earlier today, noting that the authority appears unwilling to expose consumers to BTC’s spot market because it is still uncomfortable with manipulation in BTC’s market.

2021-11-18 01:14


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