Chicago Board Options Exchange (Cboe) pulled out its application for Global X Bitcoin Trust ETF which would have been operated in partnership with Coinbase.
Bloomberg’s Senior ETF Analyst, Eric Balchunas, humorously notes, "I can’t escape bitcoin ETFs even if I tried..."
Brad Garlinghouse, CEO of Ripple, foresees an increase in cryptocurrency ETF approvals in 2024, especially in the wake of the SEC's recent green light for a spot Bitcoin ETF.
The prospect of a spot Bitcoin ETF gained momentum in June with BlackRock, an investment titan managing about $10 trillion in assets, submitting its application for registration.
Arthur Hayes is putting the final touches on his upcoming essay 'ETF Wif Hat,' even asking for pictures of Gary Gensler in a hat. This intriguing title alludes to a Wif Hat meme featuring a Shiba Inu dog clad in a knitted cap.
The research company Security.org carried out its annual survey involving over 1,500 Americans.
Within just the first six days of spot bitcoin ETF trading, the total assets of these funds have soared to roughly 95,000 BTC ($4 billion). Fidelity (FBTC) and BlackRock (IBIT) are at the forefront, collectively holding 64,000 bitcoins.
The following image illustrates a comparison between Spot Bitcoin ETFs and such stock market titans as the SPDR S&P500 ETF Trust and Invesco QQQ Trust Series 1, based on Bloomberg's data as of January 11, 2024.
On January 10, the U.S. Securities and Exchange Commission (SEC) gave its nod to a spot Bitcoin ETF, paving the way for institutional investors to more conveniently access the flagship cryptocurrency.
The market is heating up, as Spot Bitcoin ETF issuers have submitted updated applications, and now are vying to provide the most attractive commission rates to their clients. Some are introducing lowered or even zero commissions for an initial period of 6-12 months. Other cases involve fees tied to a certain investment threshold.
Matrixport has shifted its view on the likelihood of a Bitcoin ETF approval, now asserting that the U.S. Securities and Exchange Commission (SEC) will reject all such applications in January 2024. The company attributes this change in stance to the SEC's current political dynamics and Chairman Gary Gensler's personal opinions.