The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.
The asset management industry has tried launching a spot bitcoin ETF for over a decade. Hopes are high they will lure more investors into crypto.
The asset management industry has tried launching a spot bitcoin ETF for over a decade. Hopes are high they will lure more investors into crypto.
The SEC is on the brink of approving a first spot bitcoin ETF in the U.S. after 10 years of failed applications.
Reports swirled Thursday that the SEC was giving final comments to issuers and may approve multiple spot-based bitcoin ETF applications very soon.
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
The latest price moves in crypto markets in context for Dec. 20, 2023.
The bull market has been clearly spot-driven, with all major derivatives veri relatively flat, one observer said, adding the rally has limited downside.
The fundamentals of investing give an answer, and the impact from BTC ETFs from the likes of BlackRock and Fidelity could be huge.
The combined market value of cryptocurrencies is the highest since May 2022, when Terra’s collapse marked the beginning of the crypto winter.
