Google Revising Crypto Ad Rules Ahead of Expected Bitcoin ETF Launch
Google has adjusted its Crypto Ad Guidelines to allow advertisers offering "Cryptocurrency Coin Trusts" targeting the United States, reflecting a shift in its approach to cryptocurrency-related ads.
The updated guidelines recognize the growing popularity and legitimacy of investment vehicles that enable trading of digital currency.
Google will now issue warnings at least seven days before suspending accounts for policy violations. [ more ]
First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears
Bitcoin and ether prices dip amidst U.S. stagflation fears. Potential for first spot Bitcoin ETF approval in Australia. Slowdown in Bitcoin ETF inflows is a short-term development. [ more ]
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Bitwise, Fidelity, BlackRock See Biggest Bitcoin ETF Inflow in Preliminary Tally
Bitwise's bitcoin ETF (BITB) saw the biggest inflow of cash on its first day of trading, followed by Fidelity's fund (FBTC).
BlackRock's IBIT, expected to be a top contender, attracted $110 million in inflows but holds $120 million in bitcoin and $112 million in cash.
Spot bitcoin ETFs recorded a massive first day in trading volume with $4.6 billion daily volume combined, making it the biggest Day One in ETF history. [ more ]
BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks
The SEC's approval of spot bitcoin ETFs in the U.S. may result in the largest influx of funds into a specific ETF on its first day of trading.
The iShares Bitcoin Trust (IBIT) from BlackRock could attract as much as $3 billion in inflows on its debut, setting a record for ETF history.
The approval of spot bitcoin ETFs opens up the opportunity for any investor to gain exposure to bitcoin without needing to go through a crypto exchange. [ more ]
Chinese fund managers seek Bitcoin ETF approval in Hong Kong
Hong Kong may approve Bitcoin ETF linked to BTC, attracting significant demand from Chinese investors through Southbound Stock Connect program. [ more ]
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The SEC approved 11 Bitcoin spot ETFs, leading to a surge of global investors and marking the crossover between traditional finance and digital assets.
The approval of the Bitcoin ETF is a milestone for the crypto industry, but some early crypto investors still have reservations. [ more ]
Spot Ether ETF Applications Decisions Delayed by SEC
The U.S. SEC has delayed the applications of Grayscale Investments and BlackRock to convert their Ethereum trust products into ETFs.
The SEC has traditionally been opposed to spot crypto ETFs, and it is unclear whether the applications have progressed to the stage of addressing questions from the regulator. [ more ]
First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest
Grayscale's bitcoin fund, GBTC, saw its discount to net asset value (NAV) shrink to 0% following approval to convert into a spot bitcoin exchange-traded fund (ETF).
Franklin Templeton reduced the fee on its bitcoin ETF to 0.19% of net assets, making it the cheapest option among new investment products.
UBS will allow some clients to trade bitcoin ETFs but with certain conditions, including not soliciting these trades and limiting access for accounts with lower risk tolerance. [ more ]
Ads For Bitcoin Spot ETFs Go Live On Google: Report
Bitcoin ETF ads have been made live on search engine Google, following the approval of the ETFs in the United States.
Leading asset management firms like BlackRock, Fidelity, and Grayscale are engaging in an advertising blitz to promote their newly approved exchange-traded products. [ more ]
Bitcoin is expected to set a new all-time high of $88,000 in 2024
Bitcoin is predicted to reach a new all-time high of around $88,000 this year, according to a panel of industry specialists.
By the end of the year, experts expect the price of Bitcoin to drop to around $77,000 before climbing to $123,000 in 2025 and $367,000 in 2030. [ more ]
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Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address
Bitwise became the first bitcoin ETF issuer to share its digital wallet address publicly, allowing anyone to verify the fund's holdings and flows on the blockchain.
Publishing on-chain addresses is a first step towards increasing public transparency in the crypto industry, and Bitwise hopes to do more in the future to provide real-time cryptographic attestations. [ more ]
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GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
The discount on the Grayscale Bitcoin Trust (GBTC) has reached its lowest level since April 2021 as expectations of a conversion to a spot bitcoin ETF increase.
The discount on GBTC has steadily narrowed as a result of expectations of an ETF approval and rising bitcoin sentiment. [ more ]
How Will Bitcoin And Ethereum's Differences Impact Their Spot ETFs?
Analysts predict that the Securities and Exchange Commission (SEC) will approve spot Bitcoin ETF applications in January 2024, following the approval of Bitcoin (BTC) Futures ETFs in October 2021 and Ether (ETH) Futures ETFs in October 2023.
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MicroStrategy Buys An Additional 16,130 Bitcoin For $593 Million
MicroStrategy has purchased an additional 16,130 BTC for $593.3 million, bringing their total Bitcoin holdings to over 174,530 BTC worth more than $6.59 billion.
The company has consistently added to their Bitcoin holdings since August 2020 and has implemented a treasury reserve strategy.
MicroStrategy's aggressive bitcoin investment strategy continues despite the upcoming Bitcoin halving and potential approval of a Bitcoin ETF by the SEC. [ more ]
Lunar Strategy CEO says 'institutional investors coming back' to crypto
Institutional investors are showing renewed interest in the cryptocurrency market, as evidenced by the growing number of applications for a Bitcoin ETF.
The upcoming halving event for Bitcoin could drive up the price and spur investment in altcoins.
The regulatory landscape for cryptocurrencies is evolving, with agencies like the SEC cracking down on players operating outside the existing framework. [ more ]
Bitcoin regains the $37,000 level and derivatives markets are suggesting more momentum to come
Bitcoin and Ethereum are attempting to maintain their price levels despite negative sentiment in the market.
Grayscale has applied to launch a Global Composite Bitcoin ETF, separate from its previous application to convert Grayscale Bitcoin Trust into an ETF.
The next stage for Binance will involve close monitoring by regulatory bodies, potentially increasing transparency and reducing concerns about market manipulation. [ more ]