What is the role of a spot Bitcoin ETF in a modern investment portfolio?
A spot Bitcoin ETF has amassed $10 billion in AUM in five weeks, marking a key shift in crypto market dynamics.
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A spot Bitcoin ETF has amassed $10 billion in AUM in five weeks, marking a key shift in crypto market dynamics.
TD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
The company revealed that shareholders have until January 30 to sell their shares in the VanEck Bitcoin Strategy ETF (XBTF).
The Bitcoin Spot ETF was approved today and will be available for trading tomorrow. So, why are Bitcoin ETFs so important?
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.
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.
If the ETF is approved, only time will tell whether $1 billion to $2.4 billion will flow into the ETF as expected.
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.
FTX.US CEO talks about SEC's reasons for rejecting spot Bitcoin ETF.
According to Eric Balchunas, senior ETF analyst at Bloomberg, there are "good signs" that the US SEC will approve Ark Investments and Valkyrie's bitcoin futures ETF applications.