Author: bitcrypto.io
Bloomberg analyst James Seyffart says that by next week, the US Securities and Exchange Commission (SEC) might have to grant approval for a Bitcoin ETF. This choice might lead to a big flow of money into the crypto world. Seyffart guesses that about $10 billion will go into Bitcoin ETFs in just one year. This possible agreement comes after months of back-and-forth between the SEC and money managers trying to get approval. In June, BlackRock filed for a spot BTC ETF. This big change led to talks and changes needed to fix worries about rules. Gray’s winning court fight against…
ARK Investment Management, led by Cathie Wood and 21Shares, has embraced the ARK 21Shares Bitcoin ETF focused on trading and exchange. They have recently registered this fund with the U.S. Securities and Exchange Commission. This fund focuses on Bitcoin. To facilitate this, they used Form 8-A for the filing process. Their goal is to have the fund’s shares listed on the Cboe BZX Exchange, a milestone they achieved on January 4. This action is not remote in the financial sector. However, two other entities, the VanEck Bitcoin Trust and Grayscale Bitcoin Trust. They utilized Form 8-A to register their shares…
Fidelity has considered offering spot Bitcoin ETF trading with the lowest possible fee of 0.39% per trade. While there are over a dozen institutions that are ready to offer spot Bitcoin ETFs, the trading fee associated with the ETF will play a crucial role in its popularity. Bloomberg analyst James Seyffart says that spot Bitcoin ETF “fees will be critical” as the firms will be competing with each other to obtain market dominance. “I don’t think the issuers have to offer the absolute lowest fee, but I do think they can’t be charging too much more and still remain competitive,”…
This will be the first financial item to be delivered to the moon. It is engraved with a private key and a public address. BitMEX, the top cryptocurrency derivatives exchange in the world, will shoot Bitcoin to the moon on January 8 at 02:18 am ET from Cape Canaveral Space Force Station in Florida. The mission, collaborating with Astrobotic, Bitcoin Magazine, and Oxcart Assembly, aims to demonstrate the viability of Bitcoin and blockchain technology in establishing a truly global financial system. It is the first Western soft lunar landing since NASA’s Apollo 17 mission in 1972. The United Launch Alliance’s…
As the Jan. 10 deadline nears for Ark Invest and 21Shares’ ETF application, anticipation for approval grows. Several pending spot Bitcoin ETFs may gain approval by the next week, according to FOX Business reporter Eleanor Terrett. Terrett mentioned, “The timeline for approvals still looking like next week but will all depend on how fast the SEC can read through comments and amendments made today.” She drew parallels with the SEC’s past approach to Ethereum futures ETF approvals, highlighting the issuers’ deadline post the last review. This indicates that the Securities and Exchange Commission (SEC) is taking time to review comments…
Coinbase, a cryptocurrency exchange, intends to acquire a MiFID licensed establish based in Cyprus. This step aims to enhance Coinbase’s derivatives offerings across the EU, aligning with the company’s goals for 2024. Coinbase’s strategic roadmap encompasses the acquisition of a Markets in Financial Instruments Directive license, a milestone in the company’s journey. MiFID plays an important role within the European Union’s regulatory framework, dedicated to creating a united and put trading environment across its member states. Through this license, Coinbase gains the capacity to broaden its product portfolio for European clients and surrounding cryptocurrency, marking an expansion beyond its current…
Maverick billionaire Elon Musk has been teasing the integration of Dogecoin payments into his companies for years, but new clues suggest he is dead serious about letting customers buy Tesla vehicles with the meme coin. Unlike other firms accepting crypto via third parties, Tesla built its own custom Doge-only payment system for merchandise. According to Dogecoin advocate @Dogecoin_Wins, this reveals Musk’s true aims. Building an in-house Doge infrastructure requires blockchain experts, developers, security staff, and customer service agents specifically trained in the technology. With costs likely reaching seven figures, Tesla wouldn’t make this investment just to sell some mugs and…
With the arrival of the new year, the crypto market is witnessing a renewed sense of optimism, breaking free from months of stagnation and bearish feelings. As crypto enthusiasts reassess their portfolios, there’s a growing interest in discovering new coins. In this article, we explore recent market trends, crypto analyst reports, and official coin websites to highlight emerging cryptocurrencies and presales like ApeMax that could be the next big players in the crypto space. Top 5 New Coins That Could Shake the Crypto Space ApeMax (APEMAX) ApeMax is making waves as a recent addition to the crypto landscape, establishing itself…
A cutting-edge new crypto project called Bitcoin Minetrix (BTCMTX) aims to revolutionize bitcoin mining through an innovative “stake-to-mine” model. This allows regular crypto investors to earn bitcoin without expensive mining equipment. Currently in presale, Bitcoin Minetrix has already raised over $7.5 million since launching last September. Backed by prominent crypto analysts, the successful funding round indicates strong excitement surrounding this unprecedented cloud mining concept. YouTuber Crypto Boy believes Bitcoin Minetrix could potentially surge 100x when it debuts on exchanges. A $10,000 investment now would make someone a millionaire if his bullish prediction proves accurate. While unprecedented growth is never assured,…
Recent trends on social media highlight a focus on Bitcoin ETFs, the Consumer Price Index, and inflation in the world of cryptocurrency. These topics are causing discussions and influencing decisions within the crypto community. The Bitcoin ETF, in particular, is drawing attention. There’s a growing prediction among investors and market watchers for the approval of a spot Bitcoin ETF. Many believe this move could dramatically elevate the crypto market, making it more accessible, especially to regulated financial institutions. Bitcoin declined, dropping more than 10% within a few hours on January 4,. A report from Matrixport, a financial services firm, dropped…
