Solana (SOL), last year’s top performer among the top 20 cryptocurrencies by market cap, has started the year on a downtrend. For the first time in over three months, it recorded successive bearish weekly candlesticks, dropping from its Christmas high. Yesterday, SOL dipped below $100 to bottom out at $85, but it has since recouped […]
Standard Chartered Bank has recently shared its predictions on the potential impact of Spot Bitcoin ETFs on Bitcoin’s price. The bank’s Head of Digital Assets Research, Geoff Kendrick, and Precious Metal Analyst, Suki Cooper, have taken a bullish stance, suggesting that Bitcoin could reach $200,000 by the end of 2025. They believe that an influx […]
The cryptocurrency industry is on the edge of a significant decision as the U.S. Securities and Exchange Commission (SEC) is set to decide on the approval of the first Bitcoin Exchange Traded Fund (ETF) on January 10. The approval is seen by many observers as a mere formality, and the anticipation has driven Bitcoin’s price […]
Bitcoin investors are strategically positioning themselves in anticipation of the SEC’s decision on the first-ever spot Bitcoin ETF, according to on-chain metrics. The recent surge in Bitcoin’s value indicates the high stakes associated with this decision. After weeks of stagnation, Bitcoin is breaking free, and on-chain data reveals a pattern of cautious optimism.Exchange wallets are […]
Bitcoin, currently valued at $46,925, has generated over $800 million in 2024 for the American software technology firm, MicroStrategy. The company, a pioneering corporate investor, has made almost nine figures on Bitcoin this year, according to data from Bitcoin Treasuries.MicroStrategy, the owner of the world’s largest corporate Bitcoin treasury, is particularly enjoying the ongoing Bitcoin […]
Reggie Browne, co-Global Head of ETF Trading and Sales at GTS, has raised the possibility of Bitcoin spot Exchange-Traded Funds (ETFs) trading at a premium due to the current regulatory frameworks that allow U.S. institutions to manage cryptocurrencies. Browne anticipates that this could result in substantial costs for investors, potentially around 8%, due to the […]
Spot Bitcoin ETFs are expected to receive approval and commence trading on Thursday, according to executives from VanEck and Valkyrie. Jan van Eck, CEO of VanEck, and Steven McClurg, the Chief Investment Officer for Valkyrie, both expressed their anticipation for the launch day on CNBC’s ETF Edge and Fortune respectively.McClurg stated, “We’re just in a […]
Grayscale’s Bitcoin Trust is currently witnessing a surge in trading activity. This comes as the anticipation for the approval of an Exchange-Traded Fund (ETF) continues to build.The trust’s record trading and narrowing discount are significant indicators of the market’s response to the potential ETF approval. This development is a clear reflection of the growing interest […]
The crypto market is eagerly awaiting the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. This decision could trigger the next crypto bull market and a wave of crypto adoption. The list of hopeful spot Bitcoin ETF issuers has grown, with their most recent Form S-1 amendments filed on Jan. […]
The U.S. Securities and Exchange Commission (SEC) has yet to approve Bitcoin Spot Exchange-Traded Funds (ETFs). However, it is already clear that providers will competitively price their products. The expected fees have been disclosed by the companies intending to offer these ETFs, even before the SEC’s decision.According to an overview compiled by Reuters, the average […]
