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Bitcoin ETFs Set to Trade, Ethereum Eyes $2,800 Amid Hype

  1. Home
  2. Bobs-News Categories Cryptocurrency Market Analysis
  3. Bitcoin ETFs Set to Trade, Ethereum Eyes $2,800 Amid Hype
  • bob
  • 2024-01-10
  • Cryptocurrency Market Analysis
  • Market Updates
  • North America
  • Regulatory Developments

The United States Securities & Exchange Commission (SEC) is set to reach a hard deadline for spot Bitcoin exchange-traded funds (ETFs) on Wednesday. In anticipation, the Chicago Board Options Exchange (CBOE) has announced that Bitcoin spot ETFs will commence trading as a new issue on Thursday, January 11.

Meanwhile, Ethereum (ETH), a top performer among the crypto top 10, is on a bullish trajectory, promising more gains for Ether. This comes as the crypto community eagerly awaits the potential approval of spot Bitcoin ETFs, with many speculating that the hype could shift towards a similar spot ETF for Ethereum.

As the anticipation builds, nearly 90% of Bitcoin (BTC) supply is now in profit, with prices surpassing $46,000 on Tuesday. This is a significant increase from just under 50% at the start of last year, according to data from CryptoQuant. The surge in prices is largely attributed to the growing expectation of approval for a U.S. spot exchange-traded fund (ETF).

However, it’s important to note that the information provided here contains forward-looking statements that involve risks and uncertainties. The markets and instruments discussed are for informational purposes only and should not be interpreted as a recommendation to buy or sell these assets. It is crucial to conduct thorough research before making any investment decisions. Investing in Open Markets carries a high level of risk, including the potential loss of all or part of your investment, as well as emotional distress. All risks, losses, and costs associated with investing, including the total loss of principal, are the investor’s responsibility.

The views and opinions expressed here are those of the authors and do not necessarily reflect the official policy or position of FXStreet or its advertisers. The author will not be held responsible for information found at the end of links posted on this page. The author has no position in any stock mentioned in this article and no business relationship with any company mentioned, unless explicitly stated in the body of the article. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions, or any losses, injuries, or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography North America
Countries 🇺🇸
Sentiment positive
Relevance Score 1
People None
Companies Chicago Board Options Exchange, CryptoQuant, United States Securities & Exchange Commission, FXStreet
Currencies united states dollar, Bitcoin, Ethereum
Securities None

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