After ten years of arduous approval of BTC ETFs, the road to approval finally ushered in the dawn of victory. At 4 a.m. on January 11, 2024, the U.S. Securities and Exchange Commission (SEC) simultaneously approved 11 spot BTC ETFs.
JinseFinanceValid S-1 approval is pending, meaning the spot Bitcoin ETF could begin trading as early as January 11, U.S. time.
JinseFinanceBlackRock's potential $1 billion investment in Bitcoin, shortly after the ETF launch, has stirred anticipation. Analyst James Seyffart suggests a historical pattern of substantial seeding by BlackRock, sparking varied sentiments. The approval of a Bitcoin spot ETF triggers speculation about the next cryptocurrency in line. However, Seyffart believes regulatory dynamics must change significantly for additional crypto ETFs, anticipating potential shifts with a new SEC administration. The evolving narrative, including BlackRock's involvement, adds intrigue to the crypto community's outlook.
BerniceBloomberg ETF analyst James Seyffart said that U.S. securities regulators implicitly accepted Ethereum as a commodity when they approved an Ethereum futures ETF.
JinseFinanceNo. 2 crypto took plunge in 2022, but investors are speculating whether it may be bottoming out
OthersGrayscale CEO Michael Sonnenshein said that the company may use a tender offer to return capital to GBTC shareholders.
BeincryptoThe price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018.
CointelegraphThe proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply.
CointelegraphU.S. Securities and Exchange Commission has approved another Bitcoin futures ETF. Could this mean a spot ETF is on its way?
CointelegraphThe world's flagship Bitcoin spot ETF is back buying Bitcoin after spending four weeks reducing its holdings.
Cointelegraph