Why Bitcoin Spot ETFs Are So Important
The Bitcoin Spot ETF was approved today and will be available for trading tomorrow. So, why are Bitcoin ETFs so important?
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Valkyrie Lianchuang: Bitcoin spot ETF expected to be approved on Wednesday
09/01/2024 21:14
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More news about 比特币现货
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Bitcoin Spot ETF Illuminates Crypto Stocks Performance
The stock market showed positivity today, with the Nasdaq Composite gaining 112 points. Dow Jones Industrial Average rose by 0.45% to 37,695.73, NASDAQ increased by 0.75% to 14,969.65, and the S&P 500 marked a 0.57% gain, reaching 4,783.45. Individual stock highlights include Riot Blockchain (RIOT) -1.21%, Coinbase Global (COIN) -0.46%, NVIDIA Corporation (NVDA) +2.28%, MicroStrategy Incorporated (MSTR) -2.01%, and Tesla (TSLA) -0.43%. Factors influencing these stocks range from Bitcoin ETF approvals to regulatory developments and global market competition in the EV sector.
EdmundBitwise Pledges 10% of Spot Bitcoin ETF Profits for Bitcoin Open-Source
Bitwise Asset Management plans to allocate 10% of profits from its Bitwise Bitcoin ETF (BITB) to non-profit organizations supporting open-source development within the Bitcoin community. This move aims to give back to Bitcoin's original developers and contribute to the growth of the industry. Following the recent SEC approval of spot Bitcoin ETFs, traditional asset managers can now offer clients exposure to Bitcoin, potentially attracting new investors to the cryptocurrency space. Bitwise commits to making annual contributions for at least the next decade to sustain long-term support for Bitcoin open-source development.
Xu LinSatoshi Nakamoto's Disappointment with Spot Bitcoin ETFs
The potential approval of spot Bitcoin ETFs raises concerns aligned with Satoshi Nakamoto's original vision. The compromise on decentralization, increased financialization, custodial risks, regulatory dependence, and market speculation might lead Nakamoto to express disappointment in the evolution of Bitcoin's purpose.
BerniceA guide to how Bitcoin spot ETFs work
If the ETF is approved, only time will tell whether $1 billion to $2.4 billion will flow into the ETF as expected.
JinseFinanceWhat will a Bitcoin spot ETF bring?
Applications for Bitcoin spot ETFs in the US market have entered a peak period, and the Bitcoin halving is expected to be around the end of April 2024. Therefore, whether the spot EFT is approved this time has become the focus of the industry.
JinseFinanceWisdomTree submits new filing for spot Bitcoin ETF
The company's latest filing follows an ETF application from BlackRock.
Bitcoin futures are in backwardation for the first time in a year
Risk-averse BTC derivatives traders threw in the towel after futures contracts traded below spot market prices.
CointelegraphBitcoin futures enter backwardation for the first time in a year
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price.
CointelegraphSEC rejects ARK 21Shares spot Bitcoin ETF application
21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
Cointelegraph