Bitcoin ETF Approval Expected Soon, Bears Lose $100M
Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.
Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.
The 40-day correlation between the two has declined to zero.
With a Wednesday deadline looming, the regulator sent comments just hours after would-be issuers filed documents detailing their fees.
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.
The wallet receiving the hefty payout is the address that mined the Bitcoin network’s first-ever block reward some 15 years ago, commencing the start of the blockchain.
Just one potential spot bitcoin ETF issuer has set a management fee above 1% as many of the others are asking for less than 0.5%.
While the industry eagerly awaits the U.S. regulator’s decision on spot bitcoin ETFs, Gary Gensler is on X warning investors that crypto is rife with scams.
Upbit said it is “poised to expand [its] range of offerings,” having acquired a MPI license.
The Grayscale Bitcoin Trust’s (GBTC) $27 billion of bitcoin and $350 million of daily volume gives Grayscale an advantage versus BlackRock and other wannabe rivals, according to Bloomberg’s Eric Balchunas.
Lazarus Group, said to have been behind some $3 billion worth of cryptocurrency hacks and exploits over the past three years, appears to be moving around some of its hoard. The group holds $79 million in wallets tagged by the blockchain analysis firm Arkham.