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Crypto, Bitcoin and Blockchain News Admin: @wanwangg More Crypto News: @BitcoinBreaking
🇰🇷 South Korea looks to crackdown on crypto mixers via new regulations
The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission is spearheading the examination of potential regulatory frameworks.
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💰 Samson Mow believes Bitcoin will surge to $1 million 'within days or weeks' once supply crunch hits
JAN3 CEO and Bitcoin bull Samson Mow believes that Bitcoin will see a significant supply shock in the coming days that could potentially cause its price to surge to $1 million within a matter of ‘days or weeks.’
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💰 Blackrock CEO Larry Fink on Bitcoin: I'm a Big Believer — Its Bigger Than Any Government
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.”.
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🇺🇸 Terra’s Do Kwon Says US Extradition Possible by Mid-March
Terraform Labs co-founder Do Kwon could be extradited to the US by mid-March to face charges that he orchestrated a $40 billion cryptocurrency fraud scheme, his lawyer said
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💰 JPMorgan says spot bitcoin ETFs could see up to $36 billion of inflows in rotational capital
Spot bitcoin exchange-traded funds, which began trading in the U.S. today, are not anticipated to draw in a significant amount of fresh capital; instead, they may experience a shift of up to $36 billion in inflows from existing crypto instruments, according to JPMorgan.
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JUST IN: 💥 The 💰 Bitcoin ETFs have been officially approved!
Trading is expected to start tomorrow
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💰 SEC's Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC's X Account Was Compromised
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some suspect an internal SEC error behind the premature bitcoin ETF announcement.
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💰 Major Investments and Competitive Fees Unveiled: VanEck Leads with $72.5M in Spot Bitcoin ETF Seeding! 💡🌐
In a groundbreaking move, prospective spot Bitcoin ETF issuers have unleashed exciting details about their initial funding amounts, marking a pivotal moment in the crypto landscape! 📈💼
💎 VanEck Takes the Lead with a Solid $72.5 Million Seed Investment! 🚀🌐
Investment powerhouse VanEck emerges as a frontrunner, revealing a direct investment of $72.5 million to seed its potential spot Bitcoin ETF, as disclosed in the amended S-1 form. 💰🌟 Get ready for an epic journey with VanEck leading the charge!
🌟 Bitwise Lines Up $500,000 Seed, Pantera Capital Eyes $200 Million Interest! 🚀💡
Bitwise follows closely, seeding its proposed ETF with $500,000. Hold onto your seats as Pantera Capital expresses a whopping $200 million interest in the fund if approved. 📊💼 Excitement abounds, with a disclaimer that it's an indication of interest and not legally binding! 🔥🚨
💼 BlackRock Seeds Potential ETF with $10 Million! 💡🌐
Global asset giant BlackRock makes its move, seeding its potential spot Bitcoin ETF with a substantial $10 million, adding a touch of power to the competition! 💪💸
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🌐🚨 SEC Warns Against FOMO: Exercise Caution as Spot Bitcoin ETF Decision Looms! ⚠️💼
In a strategic move, the U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy has issued a vital FOMO warning on social media platform X, addressing the perils of the Fear of Missing Out (FOMO) as the cryptocurrency market anticipates a crucial decision. This advisory, the fifth in a recent series, offers insightful guidance for investors navigating the ever-evolving financial landscape. 📈💡
'NO GO to FOMO': SEC Advises Prudent Investment Choices
The SEC's Office of Investor Education and Advocacy delivers a resolute message: 'NO GO to FOMO.' Investors are urged to tread carefully, emphasizing that the popularity of an investment among peers doesn't automatically translate to its suitability for all. 💡🚫
Customize Your Investment Strategy: SEC Advocates Informed Decision-Making
The SEC encourages investors to adopt a personalized approach, aligning their investment choices with individual goals and risk tolerance. The advisory sheds light on the expansive realm of digital assets, encompassing cryptocurrencies, ICO tokens, meme stocks influenced by online trends, and non-fungible tokens (NFTs). 🔄💸
Spot Bitcoin ETF Decision on the Horizon: SEC's Prudent Caution
As the SEC approaches a pivotal decision on spot Bitcoin exchange-traded funds (ETFs), this timely cautionary note gains heightened significance. An eagerly anticipated announcement early next week could potentially shape the future landscape of Bitcoin ETFs, commencing from January 11. 📅🌟
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💰 BlackRock's Dual Unveiling: Bitcoin ETF Envisioned Amidst Strategic Workforce Shifts! 💹💼
In a dynamic revelation, BlackRock, the global financial behemoth, anticipates the approval of its Spot Bitcoin ETF this Wednesday, as disclosed by Fox Business. Concurrently, the firm prepares to announce strategic workforce adjustments, signaling a potential 3% workforce shift impacting around 600 employees. 🔄💪
🔄 Strategic Adaptations: BlackRock's Routine Workforce Calibration 🔍💼
Internally characterized as routine, the forthcoming workforce adjustments underscore BlackRock's strategic approach to align its personnel with the evolving dynamics of the financial industry. Following a similar process based on performance metrics initiated last year, these measures highlight BlackRock's proactive and forward-looking workforce strategy. 💡💼
📈 Market Resilience: BlackRock Shares Surge with a 6% Recovery in 2023 🚀📊
After navigating a challenging 2022 marked by a 21% dip in shares, BlackRock stages an impressive resurgence in 2023, recording a resilient 6% surge. This rebound is fueled by a substantial influx of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, indicating a renewed vote of confidence from investors. 💹💰
💼 Strategic Fine-Tuning: BlackRock's Ongoing Workforce Optimization 🔄💼
Aligned with corporate objectives, BlackRock's periodic evaluations emphasize its commitment to strategic workforce optimization, ensuring agility in response to industry shifts. These proactive measures, part of an ongoing process initiated last year, underscore BlackRock's dedication to strategic evolution grounded in performance metrics. 💼🌐
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💰 Better Markets CEO Urges SEC Caution on Bitcoin ETF Approval: Potential 'Historic Mistake' ⚠️🤔
In a stark plea, Dennis M. Kelleher, CEO of Better Markets, a nonprofit organization, voices strong reservations against the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). Kelleher argues that such a move contradicts the fundamental principles of the regulatory body.
Investor Exposure to Fraud and Manipulation:
Kelleher raises a crucial concern, highlighting that the greenlighting of spot Bitcoin ETFs could expose investors to a market rife with fraud and manipulation—a longstanding issue that continues to plague the cryptocurrency industry. 🚨💰
Surge in Phishing Scams Amplifies Worries:
His warning comes at a time when phishing scams have seen a notable uptick, with over 324,000 crypto users falling prey in 2023. The collective losses amount to a staggering $295 million, emphasizing the growing need for heightened security measures. 🎣💔
Granting Unwarranted Credibility to Crypto Industry:
Kelleher also expresses concern that approval could inadvertently grant the crypto industry unwarranted credibility, allowing them to claim official approval by the U.S. government—a potential pitfall for unsuspecting investors. 🤯🏛
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💰 Crypto Tsunami: SEC Flooded with Spot Bitcoin ETF Applications as Decision Deadline Nears! 🚀💼
In a whirlwind of activity, asset managers are making waves, submitting registrations for their spot bitcoin exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC). With the first decision deadline on January 10, the crypto community is on the edge of its seat, speculating about a potential early call from the SEC.
📊 Titans Clash: Vaneck, Valkyrie, Grayscale, Fidelity, and Bitwise Enter the Ring! 🌟🔥
The competition is fierce as industry giants like Vaneck, Valkyrie, and Grayscale Investments threw their hats into the ring last Thursday. Fidelity strategically joined the fray on Wednesday, and Bitwise had already marked its territory the week prior. This dynamic lineup showcases the industry's united push toward paving the way for spot bitcoin ETFs.
🏛 Battle of the Exchanges: NYSE Arca, Cboe BZX, and Nasdaq Await Crypto Glory! 🌐🏰
The drama unfolds on the exchange battleground, with Grayscale and Bitwise eyeing the prestigious NYSE Arca. Vaneck and Fidelity prepare for a showdown on the Cboe BZX Exchange, while Valkyrie aims to make its mark on Nasdaq. The choice of exchange adds an extra layer of excitement to this unfolding crypto saga.
📜 Fidelity's Symphony: The Rise of the Wise Origin Bitcoin Fund! 🎶💡
Fidelity, a giant in the crypto space, reveals its strategy in the filing: "The securities to be registered hereunder are shares... of the Fidelity Wise Origin Bitcoin Fund." With approval secured for the listing of the trust's shares by the Cboe BZX Exchange, Inc., Fidelity solidifies its role as a significant player in the ever-evolving world of spot bitcoin ETFs.
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💰 Tuttle Capital Unleashes a Suite of Amplified Bitcoin ETFs: A Game-Changer in Crypto Investing! 🚀🔮
In a revolutionary move, Tuttle Capital Management has unfurled plans for a groundbreaking series of six leveraged and inverse Bitcoin ETFs, aiming to redefine the dynamics of cryptocurrency investment with 'magnified' returns.
📈 Trailblazing the Future: Tuttle Capital's ETF Odyssey
Tuttle Capital Management, a trailblazer in the ETF realm, has taken the crypto market by storm with its recent filing of three N1-A forms with the Securities and Exchange Commission (SEC). The move is a strategic play to introduce six innovative ETFs that promise to amplify returns derived from a spot Bitcoin ETF.
🌐 Forward-Thinking Approach: Effective Date Set for March 18, 2024
Bloomberg Intelligence ETF analyst Henry Jim revealed the key details on X (formerly Twitter), emphasizing the filings' effective date as March 18, 2024. Tuttle Capital's forward-thinking strategy positions them as pioneers in anticipating the evolving landscape of cryptocurrency investment.
🚀 Diversified Portfolio: Tuttle's Arsenal of Magnified ETFs
The proposed ETF lineup includes T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs, along with T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs. These offerings seek to deliver daily inverse or long leveraged investment results, with potential magnifications reaching up to 150% and 200%, respectively.
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💰 **Breaking News: CBOE Anticipates Game-Changing Era with Spot Bitcoin ETF Approval! 🚀**
*Chicago, IL — January 4, 2023*
In a groundbreaking revelation, the Chicago Board Options Exchange (CBOE) foresees a seismic shift in the cryptocurrency landscape with the potential approval of Spot Bitcoin Exchange-Traded Funds (ETFs). According to CBOE Digital president John Palmer, the green light for these ETFs will not only usher in a new era of institutional investment but also pave the way for pension funds to make their mark on the crypto market.
📈 Spot Bitcoin Shines Bright at $45,136! 🌟
The exciting development comes as Bitcoin's value stands strong at $45,136, making it a prime opportunity for investors seeking exposure to the cryptocurrency market.
🏦 Institutional Investors Set to Join the Bitcoin Revolution!
Palmer believes that the approval of Spot Bitcoin ETFs will be the key to unlocking previously untapped interest from institutional investors. In a recent interview on Bloomberg TV, he expressed his anticipation, stating that approval "is going to pave the way for pension funds and RIA-based funds to be able to invest in assets in a spot Bitcoin ETF." Currently, many funds face barriers to direct exposure to Bitcoin, and this development is poised to break down those barriers.
🔍 ARK Invest 21 Shares Bitcoin ETF – SEC's Decision Looms Large!
As we approach the SEC's January 10 deadline, all eyes are on the pending decision regarding the ARK Invest 21 Shares Bitcoin ETF application. This decision is set to shape the future landscape of cryptocurrency investments.
🌐 Global Impact: From Institutional to Retail!
Palmer predicts that the approval of Spot Bitcoin ETFs will not only attract institutional interest but will also lead to increased retail participation in Bitcoin derivatives. This move could mark a significant turning point for the broader financial landscape.
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💰 Bitcoin Rockets Past $45K Milestone, Setting New Highs Ahead of Potential ETF Triumph! 💹
In a stunning start to 2024, the price of Bitcoin has shattered barriers, surging above $45,000 for the first time in almost two years. This historic ascent unfolds just days before the anticipated approval of a spot Bitcoin exchange-traded fund (ETF), amplifying the excitement in the crypto community. 🌐💰
📈 Bitcoin's Meteoric Rise: Soaring 6% in 24 Hours and 170% Over the Last Year!
Starting the new year at $42,000, Bitcoin has undergone a rapid ascent, catapulting over 6% in the past 24 hours alone. Its remarkable performance extends further, boasting an impressive 170% surge over the last year, as reported by CoinMarketCap. This surge places Bitcoin at its highest point in 2023, marking a significant new yearly high just two days into 2024. 📆🚀
💼 Market Anticipation: Bitcoin's Rally Precedes Potential SEC Approval of Spot ETFs!
As the market eagerly awaits the SEC's decision on the pending applications for a spot Bitcoin ETF, Bitcoin's remarkable rally serves as a prelude to potential triumph. The SEC currently holds 14 outstanding applications, with the decision poised to reshape the landscape of crypto investments. 🏛🌟
🔄 A Leap Back in Time: Bitcoin Surpasses $45,000 for the First Time Since April 2022!
Reveling in nostalgia, Bitcoin's price resurgence echoes back to nearly 20 months ago, specifically April 5, 2022, when it last traded above $45,000. This time, however, the ascent feels distinctly different, signaling a potential departure from the bear market that ensued back then. 📈🔄
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Breaking:🆘 Bitcoin, Ethereum, & XRP Usher $1.18 Billion In Crypto Funds Inflow
Crypto asset investment products saw $1.18 billion inflows (subject to T+2 settlement), according to CoinShares weekly report on January 15. Despite the huge spot Bitcoin ETF hype, it fails to break the $1.5 billion record of futures-based Bitcoin ETFs in October 2021.
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🔵 Ethereum (ETH) Outperformed Bitcoin (BTC) During ETF Approval Week
While BTC has declined during the week it saw multiple ETFs approved, Ethereum has gone in the other direction, perhaps fueled by hype that it will also have exchange-traded products launching at some point.
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💰 Bitcoin Dumps To $42,000 Triggering $338 Million In Liquidations
Bitcoin’s spot ETF approvals prove to be a sell the news event amid a 10% daily drop for the crypto asset. According to Coinglass, over 101,000 crypto traders have been liquidated in the past 24 hours. The largest individual liquidation took place on a Bybit BTC/USD trade for $4.5 million. Most liquidations ($271 million) were on long positions.
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🥇 UBS and Citi Will Let Some Customers Trade Bitcoin ETFs
UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter.
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👀 Robinhood To Launch Spot ETF Trading On Its Platform🧐🚀
Robinhood CEO unveils plans to launch spot Bitcoin ETFs, capitalizing on SEC's historic approval, marking a pivotal moment in crypto trading.
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🆘Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine entities were sent compliance show cause notices by the nation's government.
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⚡️JUST IN: BlackRock, VanEck file more S-1 updates just a day before expected approval date.
Price reaction: BTC's price dropped 3% in a matter of minutes and quickly recovered, almost fully paring the loss. 📉🚀
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💰 Bitcoin ETFs on the Horizon: Industry Titans Slash Fees in a Race to Approval! 💰🌐
In a game-changing move, industry behemoths like BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie have submitted amended S-1 forms, signaling the final step before potential approval for spot Bitcoin ETFs. The race for the coveted approval is reaching a crescendo! 🏁🌟
Amended S-1 Forms Filed: Bitcoin ETF Approval Inches Closer
Cryptocurrency enthusiasts are on the edge of their seats as key players file amended S-1 forms, marking the decisive phase before a potential green light for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all contenders in this thrilling pursuit. 📑🚀
Fee Wars in Full Swing: BlackRock Sets Sponsor Fee at 0.3%
In a strategic maneuver, BlackRock discloses its sponsor fee at 0.3%, with a surprising reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This fee cut sends shockwaves through the industry, prompting Bloomberg ETF analyst Eric Balchunas to remark, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke." 😱💼
VanEck's Strategic Play: Joint Lowest Permanent Fee at 0.25%
VanEck positions itself as a formidable player by opting for a joint lowest permanent fee among issuers at 0.25%. In the heated fee battleground, VanEck takes a calculated strategic stance. 🏆💸
WisdomTree's Brave Move: Sponsor Fee Set at 0.5%
WisdomTree takes a bold step by setting its sponsor fee at 0.5%, showcasing confidence in the value it brings to the table. Amid swiftly changing fee dynamics, WisdomTree aims to carve its identity in the crypto financial landscape. 💡💪
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💰 Gurbacs Unleashes Innovation: Bitcoin ETFs Poised to Reshape Investor Landscape! 🌐💎
VanEck adviser Gabor Gurbacs reveals a visionary breakthrough, advocating for Bitcoin Exchange-Traded Funds (ETFs) as a transformative solution to overcome unit bias hurdles and attract a new wave of investors. 🔄🚀
Unit Bias Challenge: Opening Doors to Fractional Bitcoin Investment
The psychological barrier of unit bias has deterred potential investors from embracing fractional Bitcoin ownership. Gurbacs proposes that Bitcoin ETFs offer a strategic solution, revolutionizing crypto investments by providing an accessible pathway for fractional ownership. 🛤💰
Social Media Spotlight: Gurbacs Ignites Conversations on X
Using the influence of social media, particularly X (formerly Twitter), Gabor Gurbacs sheds light on the widespread lack of awareness surrounding fractional Bitcoin ownership. He emphasizes the emotional satisfaction of holding complete assets, stating, "Owning a full share feels better than owning 0.001 Bitcoin. Seems like a small thing but it’s a big thing." 🚀📲
Market Wisdom through Biases: Gurbacs Deciphers Investor Sentiment
Acknowledging the ongoing debate on unit bias, Gurbacs underscores the vital role biases play in understanding market dynamics. "Simplistic but unit bias psychology matters a lot. I think about this a lot," he notes, delving into the nuanced factors influencing investment decisions. 🧠📊
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💰 VanEck to Donate 5% of Bitcoin ETF Profits to Core Developers! 🌐💰
Exciting news in the world of cryptocurrency as VanEck, a prominent ETF applicant, has just announced a groundbreaking commitment that could reshape the future of Bitcoin! 🚀 Pending approval from the U.S. Securities and Exchange Commission (SEC), VanEck vows to contribute a generous 5% of its Bitcoin ETF profits to the dedicated developers of the Bitcoin Core! 💻💸
🌟 A Lifeline for Bitcoin Core Developers! 💪
This commitment comes as a much-needed lifeline for the unsung heroes behind the world's first cryptocurrency network. Bitcoin Core developers have long faced challenges in securing sufficient funding for their crucial work. VanEck, with a rich history as an active ETF and mutual fund manager since 1955, holds a whopping $76.4 billion in assets under management as of September 2023.
🔗 Building Bridges with Brink! 🌐
VanEck's generous donations will flow through Brink, a non-profit organization dedicated to connecting donor funds with Bitcoin code testers and maintainers. 🤝✨ Brink's fellowship and grant partners include major crypto exchanges like BitMEX, Kraken, and Coinbase, fostering a collaborative effort for the betterment of the entire crypto community.
👏 VanEck's Commitment Goes Beyond Words! 📝
In a statement released on Friday, VanEck declared, “We're not Bitcoin tourists at VanEck. We're in it for the long haul.” The firm has already kickstarted its pledge with a $10,000 donation to the developers, showcasing a genuine commitment to supporting the backbone of the Bitcoin ecosystem.
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💰 Celsius Sparks Crypto Resurgence: $470M Ether Unstake Signals Financial Rebirth! 🚀💰
In a strategic move that reverberates across the crypto landscape, Celsius, the prominent crypto lending platform grappling with Chapter 11, announces a dynamic shift by unstaking a substantial $470 million in Ether. This audacious move aims to reshape the narrative of Celsius' financial journey, injecting newfound vitality into its recovery phase initiated in July 2022.
🌐 Financial Reinvention: Celsius' Unstake Paves the Way for Liquidity Reinforcement!
Celsius takes center stage in the crypto finance saga by embarking on an unstaking journey with its existing Ether holdings. This calculated move, initiated on January 5, is strategically designed to bolster liquidity, ensuring a robust financial foundation and potential asset distributions. Celsius, amid the complexities of Chapter 11, positions itself for a financial renaissance.
🔄 Unlocking Potential: Ether Unstake Catalyst for Financial Complexity Resolution
The unstaking of Ether emerges as a crucial catalyst in Celsius' intricate financial restructuring. Beyond the mere unlocking of value, this strategic maneuver is poised to expedite Celsius' commitment to users awaiting the return of their funds for over 18 months. Celsius aims to distribute either Bitcoin or Ether as part of its comprehensive recovery plan.
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💰 Fidelity, Grayscale, and VanEck Accelerate Towards Spot Bitcoin ETF Horizon! 🚀🌈
Hold onto your digital wallets! The crypto cosmos is buzzing with excitement as Grayscale and VanEck join the ranks, filing their Form 8-A, marking a collective stride towards the much-coveted spot bitcoin exchange-traded fund (ETF). The trio, including Fidelity, is setting the stage for a revolution in the world of cryptocurrency investments.
📈 Form 8-A: The Gateway to Crypto Prosperity Unveiled! 🌐💼
The recent submission of Form 8-A isn't just paperwork; it's the key to the kingdom, granting issuers the freedom to trade on an exchange post-regulatory approval. Grayscale and VanEck's synchronized move is akin to a cosmic alignment, aligning perfectly with the imminent decision from the Securities and Exchange Commission (SEC).
💎 Grayscale's Epic Saga: From Courtroom Triumph to ETF Aspirations! 🏛✨
Grayscale, the trailblazer of the crypto frontier, is on a quest to transform its flagship fund into a spot bitcoin ETF. A triumph in the courts this August set the stage, compelling the SEC to reevaluate, and Grayscale is now poised to launch the Grayscale Bitcoin Trust (GBTC) into the ETF stratosphere upon regulatory green lights.
🚀💪 Heavyweights Collide: BlackRock and Fidelity Spark Crypto Thunder! 🌐⚡️
But wait, there's more! The crypto arena witnesses a clash of titans as BlackRock and Fidelity make their moves over the past year. The crypto battlefield is heating up, illustrating the growing demand for regulated crypto investment avenues. Investors are bracing for impact as the SEC decision looms.
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💰 Matrixport Analyst Forecasts SEC Rejection of Bitcoin Spot ETFs in January Chill 🧊🚷
In a chilly revelation for the crypto market, Matrixport analyst Markus Thielen predicts a frosty January as the Securities and Exchange Commission (SEC) gears up for a sweeping rejection of all bitcoin spot ETF proposals. Despite ongoing discussions and revisions to S-1 prospectuses, Thielen points to an unaddressed criterion that could lead to a collective dismissal.
🔍 Unmet Criteria: SEC Challenges Loom Large for ETF Approval
Thielen's analysis delves into the intricate dynamics of politics and compliance within the crypto landscape. While the prospect of an ETF promises a warmer embrace for crypto in the U.S., Thielen argues that current proposals fall short of SEC Chair Gary Gensler's vision of stringent compliance.
🗳 Gensler's Stand: A Probable Barrier to Approval
"SEC Chair Gensler's cautious approach to crypto in the U.S. makes approval for bitcoin spot ETFs a distant hope," observes Thielen. The timeline for meeting Gensler's compliance benchmarks extends into Q2 2024, heightening the likelihood of January rejections.
🚫 Fraud Concerns Echoed: Gensler's Watchful Eye
Gensler's recent remarks on CNBC mirror the SEC's concerns, citing rampant fraud and compliance lapses in the crypto field. "There's been far too much fraud and bad actors in the crypto field," Gensler emphasizes, underscoring the need for adherence to securities laws and anti-money laundering regulations.
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💰 Grayscale's Bold Move: Latest Spot Bitcoin ETF Amendment Sparks Excitement! 🚀
In a strategic maneuver that's turning heads in the crypto world, Grayscale, the renowned cryptocurrency asset manager, has just unveiled its latest amendment to the Bitcoin exchange-traded fund (ETF) application. 🌐💼
📈 Spot Bitcoin ETF Gets a Facelift!
Grayscale's amended filing, skillfully uncovered by Bloomberg's senior ETF analyst Eric Balchunas on X (formerly Twitter), brings a fresh twist to the ETF saga. Notably, this revision takes a unique approach by omitting authorized participant details, setting it apart from the crowd. 🔄💡
🔍 Authorized Participants - The Missing Piece?
Unlike its counterparts, Grayscale's amended filing dances to its own beat by not revealing authorized participant information. Why? The company clarifies that these participants can exclusively transact in cash for shares. This departure from the norm is generating buzz and speculation in the crypto community. 💸🤔
📅 Dec. 29 Filings: A Race for the First U.S. Bitcoin ETF
In a synchronized move, seven companies, including Grayscale, filed updated Form S-1 applications on December 29. While others like Fidelity, WisdomTree, and Invesco Galaxy spilled the beans on their authorized participants, Grayscale chose a different route, leaving the audience intrigued. 🏁🌌
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💰 Bitcoin Miners Trigger a $129 Million Lightning Storm in the Crypto Market! ⚡💸
Hold tight, crypto enthusiasts! Bitcoin miners have just unleashed a storm, rapidly selling off a staggering $129 million worth of BTC in the last 24 hours! 🌩️💰 This unexpected move has sent shockwaves through the market, as miner reserves hit their lowest levels since May. ⛏️📉
According to the latest insights from CryptoQuant, miner reserves, representing the BTC stash in their wallets, now stand at a mere 1.832 million BTC. This sharp decline, initiated in late October, has gained significant momentum throughout December, marking a considerable drop from the 1.845 million BTC held by miners in October. 🗓️📉
In a recent X post, AliCharts emphasized this critical development, highlighting that miners have offloaded 3,000 BTC in the last 24 hours alone — an eye-watering $129 million in value! 💼💹 With Bitcoin's current trading price hovering around $42,891, the market is buzzing with activity following yesterday's peak at $43,710. 📈📉
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