ETF | ForkLog - Part 50

ForkLog 21 13.01.2024

Bitcoin Dips Below $43,000 Amid ETF Criticism

In the early hours of January 13, Bitcoin’s price momentarily fell below $42,000. At the time of writing, the cryptocurrency is trading at $43,100. Hourly BTC/USDT chart on Binance. Data: TradingView. Top-10 digital assets by market capitalization followed Bitcoin’s lead. Avalanche and Solana saw the largest declines over the past day, losing 7.1% and 5.8% […]

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ForkLog 10 12.01.2024

SEC Commissioner Criticizes Approval of Spot Bitcoin ETFs

The decision by the SEC to approve exchange-traded funds based on the spot price of Bitcoin is “unjustified and anti-historical,” according to Commissioner Caroline Crenshaw. She stated this in a recent announcement. “It sets us on the wrong path of neglecting investor protection. I cannot agree that these actions serve our legislative or core mandates, […]

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ForkLog 8 12.01.2024

CoinShares to Acquire Control of Valkyrie Funds’ Bitcoin ETF

Cryptocurrency ETP provider CoinShares has exercised an option to acquire competitor Valkyrie Funds, part of the Valkyrie Investments group. The agreement was set to expire on March 31, 2024. Financial terms have not been disclosed. The deal is pending the completion of legal due diligence, the signing of necessary agreements, and final approval by the […]

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ForkLog 57 12.01.2024

Robinhood Expands to Include Spot Bitcoin ETFs in the US

On January 12, online broker Robinhood enabled trading for all eleven SEC-approved spot Bitcoin ETFs for its US clients. Excited about the Bitcoin ETF news? All 11 are now available on Robinhood: https://t.co/hDdECIUz70 And when you transfer your brokerage account into Robinhood you get a 1% bonus on us: https://t.co/2mExIfm5T9. Terms apply. pic.twitter.com/bZ6TbAzNhN — Robinhood […]

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ForkLog 23 12.01.2024

Banks’ Stance on Bitcoin ETFs: From Restriction to Broad Access

Banks Citi and UBS are set to add spot bitcoin ETFs to the list of trading instruments available to their clients, in contrast to the stance of several other major institutions. This was reported by CoinDesk. A source from UBS informed the publication that the product will be unavailable to account holders with lower risk […]

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ForkLog 22 11.01.2024

Hong Kong Urged to Lead on Crypto-ETFs

Johnny Ng Kit-chong, a member of Hong Kong’s Legislative Council, emphasized the need for the jurisdiction to “take the initiative” in implementing spot crypto-ETFs. 美國證券交易委員會SEC在香港時間凌晨通過現貨比特幣ETF。此舉對虛擬資產市場是一個重要的舉動，也吸引更多傳統投資者和資金參與虛擬資產領域投資。經過這次SEC通過現貨比特幣ETF，我認為香港也要在虛擬資產領域敢於做「領頭羊」，通過創新政策來帶領整個行業發展。 1. 特區政府盡快推動現貨ETF的落實… pic.twitter.com/5b0fhHFQHh — Johnny Ng 吴杰庄 (@Johnny_nkc) January 11, 2024 “I hope that Hong Kong, amidst the rapid development and fierce competition in the virtual assets sector, can quickly […]

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ForkLog 8 11.01.2024

Bitcoin’s Price Trajectory Post-Spot ETF Launch: Expert Insights

The muted response of Bitcoin to the SEC’s approval of spot exchange-traded funds (ETFs) based on the leading cryptocurrency was anticipated. However, in the long run, this development is expected to attract substantial institutional investments and significantly impact the coin’s valuation, experts consulted by ForkLog have stated. The Significance of Bitcoin ETFs and Their Impact […]

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ForkLog 7 11.01.2024

BlackRock’s Spot Bitcoin ETF Trades at a 25% Premium

During the pre-market session on January 11, ahead of its Nasdaq debut, BlackRock’s spot Bitcoin ETF (IBIT) exceeded its NAV by 25.6%. Source: Finance.Yahoo. On the evening of January 10, the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 applications for spot exchange-traded funds based on the leading cryptocurrency. BlackRock was among […]

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ForkLog 68 11.01.2024

SEC Approves All 11 Spot Bitcoin ETF Applications

The SEC has approved all 11 applications for spot Bitcoin ETFs, with trading set to begin on January 11. Issuers and the crypto community have expressed optimism about the launch of these new products. Experts have discussed the potential developments following this approval. On the evening of January 10, the U.S. Securities and Exchange Commission […]

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ForkLog 53 10.01.2024

Robert Kiyosaki Predicts Bitcoin Surge to $150,000 Following ETF Approval

Robert Kiyosaki, the author of the bestseller “Rich Dad Poor Dad” and an entrepreneur, has suggested that the price of the leading cryptocurrency could rise to $150,000. BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon. Gold to the moon as Central Banks buy , store, and never sell. Silver to crash […]

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ForkLog 99 10.01.2024

Polymarket Users Lower Bitcoin ETF Approval Odds to 84%

Prediction platform Polymarket’s odds suggest an 84% chance of a spot Bitcoin ETF being approved by January 15. Traders have wagered $8.23 million on this outcome. In the past 24 hours, the probability has decreased by 5%. On January 10, it momentarily reached 100%. The lower boundary of fluctuations over the past week was 78%. […]

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ForkLog 57 10.01.2024

Ripple CEO Suggests SEC Should Investigate Itself After Account Hack

The crypto community mocks the SEC following the hack of its X account, yet still anticipates the approval of a Bitcoin ETF. The leading cryptocurrency experienced high volatility, though some altcoins, including Ethereum, maintained their positions. Ripple CEO Brad Garlinghouse, commenting on the hack of the SEC’s X account, suggested the regulator should investigate “itself.” […]

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