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Why Bitcoin ETF GBTC Is Down A Whopping 11% Today
Tuesday, July 30, 2024 - 9:47am | 886The Grayscale Bitcoin Trust (NYSE:GBTC) is experiencing an 11% drop today after Grayscale Investments announced the fund’s spinoff into a new exchange-traded fund (ETF). What Happened: On July 19, Grayscale revealed its intention to spin off a portion of its GBTC into a new ETF. The record...
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Ethereum ETF Launch Potentially Still Weeks Away, Says Bloomberg Analyst
Wednesday, May 22, 2024 - 8:20am | 625Bloomberg analyst James Seyffart on Monday pointed out that the listing of spot Ethereum ETFs could be weeks or even longer away, despite recent developments. What Haeppened: At least five potential spot Ethereum (CRYPTO: ETH) ETF issuers, including Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares...
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Hong Kong Spot Bitcoin ETFs Do Have A 'Benefit,' Bloomberg ETF Analyst Points Out
Friday, May 3, 2024 - 2:50pm | 684James Seyffart, an ETF research analyst at Bloomberg Intelligence, in an interview provided further perspective to the recent launch of spot Bitcoin ETFs in Hong Kong. What Happened: In a podcast interview with Tony Edward, Seyffart discussed the recent launch of Bitcoin and Ethereum spot ETFs in...
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Ethereum ETF Approval Odds Plummet: '35% Isn't 0%, Still Possible'
Monday, March 11, 2024 - 2:33pm | 448The future of a long-awaited Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) hangs in the balance as prominent analysts dramatically lowered their odds of approval by the Securities and Exchange Commission (SEC) before a critical May deadline. Bloomberg ETF analysts Eric Balchunas and James...
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Ethereum ETFs Have 60% Chance Of 2024 Launch, Says ETF Expert: Approval Is 'Path Of Least Resistance'
Friday, February 2, 2024 - 2:07pm | 468Bloomberg Intelligence ETF analyst James Seyffart on Friday said spot Ethereum (CRYPTO: ETH) ETF applications are likely to get approved this year, as he emphasized the significance of the United States' approval of the spot Bitcoin (CRYPTO: BTC) ETFs. "The...
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SEC Delays BlackRock Ethereum ETF Decision Until March
Wednesday, January 24, 2024 - 5:47pm | 344The Securities and Exchange Commission (SEC) has postponed the deadline for passing a judgment on the proposed spot Ethereum (CRYPTO: ETH) exchange-traded fund by BlackRock Inc (NYSE: BLK) to March 10. What Happened: The SEC extended the decision-making time frame for the proposed rule...
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Betting On Bitcoin: SEC Opens Floor For Opinions On BlackRock ETF Options
Friday, January 19, 2024 - 5:56pm | 575The U.S. Securities and Exchange Commission (SEC) has opened the floor for public input regarding a Nasdaq proposal, which seeks to enable options trading on BlackRock's (NYSE: BLK) spot Bitcoin (CRYPTO: BTC) ETF. The public comment period, set to last for 21 days, was announced through a...
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Bitcoin ETFs Are A Bust One Week In: Why This Analyst Says 'R-E-L-A-X'
Friday, January 19, 2024 - 12:58pm | 813Like the first crypto-carrying moon lander, the first week of Bitcoin (CRYPTO: BTC) exchange-traded funds proved to be a bust. Two funds, BlackRock Inc. (NYSE: BLK) and ProShares, surpassed the $1 billion mark in assets under management, but the much-anticipated Bitcoin price surge remained...
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Fidelity Ethereum ETF Decision By SEC Delayed Until March: Report
Thursday, January 18, 2024 - 11:37pm | 530The Securities and Exchange Commission (SEC) has postponed the deadline for passing a judgment on the proposed spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) by Fidelity to March 5. What Happened: The SEC has expanded the decision-making timeframe for the proposed rule amendment, allowing...
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$1.5 Trillion Fund Franklin Templeton Starts Memeing On X: How Crypto Culture Infiltrates Finance
Thursday, January 18, 2024 - 1:44pm | 999The cryptocurrency industry watched in awe as Spot Bitcoin (CRYPTO: BTC) ETF issuer Franklin Templeton handed control of its X (formerly Twitter) account to its "Digital Assets Research Team" on Wednesday, Jan. 17. What followed encapsulates the culture shift sweeping...
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Bitcoin Spot ETF Likely To Pass? Bloomberg Analysts Boost Approval Odds To 95%
Monday, January 8, 2024 - 3:41am | 587The cryptocurrency community is holding its breath as the Securities and Exchange Commission processes critical forms submitted by exchanges and issuers, eagerly awaiting a decision that could pave the way for the first U.S. spot Bitcoin exchange-traded fund. And one analyst feels the...
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Analyst Slams Better Markets CEO, Who Said Bitcoin ETF Approval Would Be A 'Historic Mistake': 'An Absolutely Criminal Move.'
Saturday, January 6, 2024 - 6:02am | 766Ahead of a critical decision by the U.S. Securities and Exchange Commission (SEC), Better Markets CEO Dennis M. Kelleher has raised concerns about the potential approval of a spot Bitcoin exchange-traded fund (ETF). What Happened: In a letter to the SEC, Kelleher has called on...
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SEC Chair Gary Gensler Provides Update On Bitcoin ETFs, Cautions Investors On Crypto: 'There Is A Lot Of Noncompliance'
Thursday, December 14, 2023 - 2:36pm | 455U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler gave broad commentary on pending spot Bitcoin ETF applications Thursday as investors eagerly anticipate updates regarding ETF applications. What Happened: Gensler appeared on CNBC's "Money Movers"...
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Amended Spot BTC ETF Filings Have No Impact On Approval Dates, WisdomTree Jumps On Amendment Wagon
Friday, November 17, 2023 - 12:29pm | 497With major financial players amending spot Bitcoin ETF proposals, delays are seen as common in the path for approval. What Happened: Global ETF provider WisdomTree amended its spot Bitcoin ETF prospectus with an S-1 form which stated WisdomTree Bitcoin Trust ETF would...
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SEC's Grayscale Defeat Increases Odds Of Spot Bitcoin ETF Approval To 75%: Experts
Wednesday, August 30, 2023 - 3:53pm | 481After Grayscale's (OTC: GBTC) recent courtroom triumph over the Securities and Exchange Commission (SEC), Bloomberg ETF experts, James Seyffart and Eric Balchunas, have revised their predictions concerning the introduction of a spot Bitcoin (CRYPTO: BTC) ETF. These experts now foresee a...