Ether Traders Target $3.5K as ETH Jumps on ETF Expectations
Ethereum broke above $2,700 for the first time since May 2022.
There is bullish sentiment and buying interest in Ethereum, driven by potential ETF approval and the introduction of regulated ether products with yearly rewards. [ more ]
Bitcoin Fundamentals Have Never Looked Better: Bernstein
Bitcoin is predicted to have a market cap of over $3 trillion by mid-2025, quadrupling its current value.
The bitcoin halving, favorable accounting treatment, and the potential approval of a US-listed spot bitcoin ETF are seen as positive catalysts for its growth.
Bitcoin's role as a 'debasement hedge' may increase in prominence, particularly in the scenario of debt monetization and potential inflation over-correction. [ more ]
Bitcoin has reached its highest value in a year at nearly $38,000, with gains of over 38% in the past month.
The recent price increase can be attributed to softening federal interest rates, Sam Bankman-Fried's conviction, and the approval of a bitcoin ETF by the SEC.
Bitcoin's volatility, environmental impact, and failure as a decentralized form of digital money continue to be concerns. [ more ]
First Mover Americas: SEC Delays Decision on Hashdex's ETF Application
The SEC is delaying decisions on the conversion of bitcoin futures ETFs into spot ETFs and the launch of a new futures-based ether ETF.
The Philippines government plans to raise $180 million through the sale of a tokenized treasury bond, following similar moves by other governments.
Markus Thielen predicts that Bitcoin will reach $40,000 by the end of the year, citing options market positioning and Federal Reserve expectations as catalysts for continued price gains. [ more ]
The future of Bitcoin: $63 million enters into immediate trading funds
Bitcoin breaches $63,000 mark with increased trading volume; Grayscale records significant inflows; emergence of Bitcoin ETFs driving demand and liquidity. [ more ]
Nvidia is too overbought, invest in this AI ETF instead
Robo Global Robotics and Automation Index ETF (ROBO) is considered a better investment opportunity over Nvidia due to its diversified exposure to AI, robotics, and automation technologies. [ more ]
Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
Bitcoin price remained stable around $52,000; ether gained over 5% amidst hopes for an ETH ETF. AI-related tokens surged as OpenAI's Sora launch renewed sector growth prospects. [ more ]
Bitcoin's price plummeted by almost 4% following the SEC's approval of the Bitcoin spot ETF.
Factors contributing to the price drop include profit-taking by investors, miners selling their Bitcoins, and outflows from Grayscale Investments. [ more ]
Bitcoin ETFs Secure Approval Exactly 15 Years After Hal Finney's Iconic 'Running Bitcoin' Tweet
Hal Finney was one of the first people to download and receive bitcoin, and he believed in its potential for rapid growth.
Bitcoin has achieved widespread adoption and is now positioned for further growth as an alternative asset on Wall Street.
The approval of the first spot bitcoin ETF by the SEC allows investors to gain exposure to bitcoin without the risk of managing a cryptocurrency wallet. [ more ]
US approves first spot bitcoin ETF applications for 11 issuers | TechCrunch
The U.S. Securities and Exchange Commission (SEC) has approved all 11 applications for spot bitcoin ETFs, potentially making it easier for institutional investors and consumers to invest in bitcoin.
The approved ETF issuers include BlackRock, Grayscale, Fidelity, and WisdomTree, among others. Some issuers are offering zero fees for a limited time. [ more ]
SEC Twitter Account Hacked to Post Fake Bitcoin News
The SEC's Twitter account was hacked, causing a false announcement about the approval of a Bitcoin ETF and leading to a temporary spike in Bitcoin's price.
The incident highlights the volatility of Bitcoin and the anticipation of a potential SEC announcement regarding a spot Bitcoin ETF. [ more ]
How a Hack of the S.E.C.'s Social Media Account Caused a Bitcoin Frenzy, Briefly
The SEC announced approval of a new investment product tracking the price of Bitcoin, but it was later revealed that the agency's account had been hacked.
The security breach highlights the ongoing pursuit of a Bitcoin exchange traded fund (ETF), with many speculating about the timing of its approval. [ more ]
BTC recovered from Wednesday's flash crash as investors anticipate a U.S. spot BTC ETF approval.
A survey found that while only 39% of financial advisors expect a BTC ETF approval this year, 88% would be interested in buying BTC after approval. [ more ]
Bitcoin Could Rally to $50K as Gensler Faces Pressure to Approve ETF, Traders Say
Bitcoin recovered some losses after a leverage flush sent it down as much as 7% on Wednesday.
Lucas Kiely, the chief investment officer of Yield App, predicts Bitcoin could rally to as high as $50,000 this month and expects the SEC to approve a spot Bitcoin ETF. [ more ]
Bitcoin continues to consolidate above the 45,000 level
Bitcoin is attempting to hold the $45,000 level after failing to close above it. Investor sentiment remains positive in anticipation of the SEC approving Bitcoin spot ETFs.
Bloomberg analysts have a 90% probability that the SEC will approve the ETF applications on January 10th. However, there is concern about a potential 'sell the news' phenomenon if approval is confirmed. [ more ]
Bitcoin-Related Companies Show Pre-Market Gains as BTC Nears $46K
Shares of prominent bitcoin-adjacent companies rose in pre-market trading on Tuesday as the world's largest cryptocurrency started 2024 by surpassing $45,000 for the first time in 21 months.
Bitcoin ETF Approval Tipped to Be 'Sell The News' Event: CryptoQuant
Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Grayscale CEO Foresees Spot Bitcoin ETFs Unlocking '$30 Trillion Worth of Advised Wealth'
A spot Bitcoin ETF could unlock $30 trillion worth of advised wealth for investors.
The introduction of a spot Bitcoin ETF would allow financial advisors and institutional investors to participate in the Bitcoin market more seamlessly. [ more ]
The market assigns a high probability of around 90% for the approval of a spot bitcoin ETF by the Securities and Exchange Commission.
Spot-based bitcoin ETFs have advantages over futures-based ETFs, including avoiding high roll costs and allowing for the full performance benefits of holding bitcoin. [ more ]
First Mover Americas: Demand for Bitcoin Futures ETF BITO Ramps Up
ProShares' Bitcoin Strategy ETF (BITO) reached a record high of $1.47 billion in assets under management, indicating renewed institutional demand for bitcoin.
Grayscale is updating the trust agreement for the Grayscale Bitcoin Trust (GBTC) in anticipation of a change to a spot bitcoin ETF and to level the playing field for other applicants.
ARK Invest sold Coinbase stock and bought shares in Robinhood and SoFi Technologies. [ more ]
If a spot Bitcoin ETF is approved by the SEC, it could be a major milestone for digital assets and provide institutional investors an easy way to get exposure to Bitcoin.
Analysts believe that a spot Bitcoin ETF approval could spark a demand shock in the market and potentially lead to a new crypto bull market.
The involvement of BlackRock and a court ruling requiring the SEC to revisit a previous rejection of Grayscale's application have increased the likelihood of an approval to 90%. [ more ]