Features News Official TheBitTimes.com

The entire industry as well as several prominent firms have been betting big on Bitcoin’s spot exchange-traded funds [ETF]. Interest in Bitcoin spot ETFs has surged to unprecedented levels. It is evidenced by a global Google search volume for “spot Bitcoin ETF” that is nearing a five-year high of 100. This surge in online searches is a clear indicator of the growing public fascination with these investment vehicles. It also reflects increased awareness and a surge in participation. Source Similarly, the term “ Bitcoin ETF ” has experienced a notable resurgence. It reached a value of 39, the highest level since the introduction of ProShares’ futures-based ETF two years ago. This heightened search activity underscores the rising interest not only among retail investors but also among institutional players who are actively seeking information about Bitcoin spot ETFs and their potential impact on the crypto currency market. Market participants are gro...

BlackRock CEO Larry Fink commented on the pending consideration of the application for a Bitcoin ETF after rumors about its approval. In a conversation with FOX News, he commented on rumors about the approval of the application after the corresponding publication by Cointelegraph. “I can’t talk about the specifics of anything, I think it’s just an example of the pent-up interest in crypto. We are hearing from clients around the world about the need for crypto.” Larry Fink, Blackrock CEO On Oct. 16, rumors that the US Securities and Exchange Commission (SEC) had given the green light to a spot Bitcoin ETF pushed the price of BTC to $30,000. You might also like: Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news Many crypto community members believed that the launch of the tool could support the growth of the digital asset market. Therefore, the Cointelegraph news quickly spread across the network and provoked a rise in Bitcoin (BTC) to $3...

According to Bloomberg analysts, communication between fund managers and the SEC regarding a spot bitcoin ETF is becoming more productive. Analysts pointed to Ark Invest and 21Shares adding pages of new text to prospectuses as a positive sign of constructive back-and-forth with regulators. This typically signals that an application is nearing approval. Also read: Latin America Favors Centralized Exchanges Over DeFi: Report Additionally, dialogue with Grayscale is expected to open up after the SEC declined to appeal a court decision involving Grayscale’s proposed bitcoin ETF. I've gotten a lot of questions regarding my current view on Spot # Bitcoin ETF s over the last couple weeks. This is the first sec tion of the note I put out yesterday with @EricBalchunas. TLDR: Our view hasn't changed much https://t.co/dRAm5IsdQf pic.twitter.com/Htsi3n2XxV — James Seyffart (@JSeyff) October 13, 2023 Grayscale decision considered as a game changer The decision...

ARK Invest and 21Shares have amended their filing for a bitcoin exchange-traded fund (ETF). Experts consider it a sign of working jointly with the U.S. SEC. The amendment, filed on Oct. 11, provides more details on the proposed ETF, including its name, ticker symbol, fee structure, and custodian. The document now has five pages added — allegedly, following the the Securities and Exchange Commission (SEC) comments. ETF analyst at Bloomberg Erich Balchunas calls the amendment of the ETF a sign of good progress . There's 5 extra pages in new S-1 but the new stuff is sprinkled throughout like the two above egs. So what does this mean? It means ARK got the SEC's comments and has dealt with them all, and now put ball back in SEC's court. IMO good sign, solid progress . — Eric Balchunas (@EricBalchunas) October 11, 2023 Ark Invest and 21Shares ETF According to the filing , the ETF will be called the ARK 21Shares Bitcoin ETF. It will trade under the symbol ARKB on the...

Bitcoin (BTC) Risk as Spotted by Expert Commenting on real risk impacting the performance of Bitcoin , Bloomberg Intelligence Senior Macro Strategist, Mike McGlone said the ‘It Went Up, So Will Keep Going Up’ risks in Bitcoin might be placing the premier coin under undue pressure. advertisement Since the asset went mainstream, the Strategist noted that there have been “lessons of high-performing, widely hyped assets show price reversion may be the greater risk” for the cryptocurrency now that many members of the public are jumping on board. 'It Went Up, So Will Keep Going Up' Risks in Bitcoin – The lessons of high-performing, widely hyped assets show price reversion may be the greater risk once the masses jump on board. # Bitcoin at about $26,000 on Aug. 28 is slightly below the end of 2020, similar to… pic.twitter.com/3UdAbpLNLe — Mike McGlone (@mikemcglone11) August 28, 2023 Recommended Articles ...

The filing mentioned a surveillance sharing agreement” with an unnamed U.S. spot-based bitcoin trading platform. advertisement Fidelity Investment’s Initial Spot BTC ETF Application  Noteworthy, Fidelity had previously filed an application for the same offering in a private meeting with the U.S. regulator but its request met with a roadblock. At the time, Tom Jessop, the President of Fidelity Digital Assets tried to convince the SEC to approve the BTC derivative product by citing some reasons.  One of the reasons that he highlighted was the growth in the number of Bitcoin holders, another is the increased investor appetite for digital assets and the approval of Bitcoin ETF in other countries. The SEC did not seem to be buying it at that time. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...