Impact of the adoption of Bitcoin ETF
After many reversals and mistakes, the Bitcoin Spot ETF was finally approved by the U.S. Securities and Exchange Commission.
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After many reversals and mistakes, the Bitcoin Spot ETF was finally approved by the U.S. Securities and Exchange Commission.
In anticipation of the looming deadline for a spot Bitcoin ETF decision on January 10, several asset managers, including Vaneck, Valkyrie, Fidelity, Bitwise, and Grayscale, have submitted filings to register their spot Bitcoin exchange-traded funds (ETFs) as securities with the U.S. Securities and Exchange Commission (SEC). Forecasts suggest the SEC may render a decision before the set date.
The SEC sets a Dec. 29 deadline for Bitcoin ETF applicants, with first approvals expected in early January.
SEC sets December 29 deadline for Bitcoin ETF proposals, with a decision expected on January 10, 2024.
The SEC extends the deadline for Grayscale's Ethereum ETF decision until January 1, 2024, introducing uncertainty into Grayscale's strategic move, amidst a competitive landscape and evolving market dynamics.
The Purpose Bitcoin ETF has increased its holdings of Bitcoin over the past five days, a positive sign that buyers are buying on dips.
The ProShares Bitcoin ETF broke an 18-year record as the fastest fund to reach $1 billion in assets under management.
The regulator said it would be appropriate to “specify a longer period” of approval or disapproval of the proposed bitcoin ETF.
The asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
The asset manager said it would purchase “exchange-traded protective put options” and write “exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”