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January 10, 2024 at 3:50 PM. Drew Angerer—Getty Images. After a false start on Tuesday, the Securities and Exchange Commission on Wednesday finally approved spot Bitcoin ETFs. In a filing, the ...
The SEC's approval of Bitcoin ETFs is a bullish outcome for the long term. What happens in the short term is much harder to predict. Bitcoin goes public: What the ETF victory means and what comes next
Spot-based ETFs basically allow investors to indirectly own an asset. When an investor buys shares in a spot-based ETF, they’re buying shares of the fund that owns that asset (e.g., BlackRock ...
Almost 100% of BlackRock’s previous ETF filings have been approved, so they probably would not have filed an application unless they thought approval was likely,” said Hogan.
Sure, not every big firm or individual investor will buy bitcoin, but even a small percentage of the trillions of dollars in the financial market will have a massive effect on the supply and ...
Leading the spot bitcoin ETF pack is Grayscale Bitcoin Trust at $20.27 billion, followed by BlackRock’s iShares Bitcoin Trust at $3.31 billion and Fidelity’s Wise Origin Bitcoin Trust at $2.75 ...
The spot Bitcoin ETF run by the world’s largest asset manager, BlackRock, showed its early dominance in becoming the first among a newly approved group of crypto-linked financial products to ...
The SEC might finally approve spot bitcoin ETFs on Wednesday after denying applications for more than a decade. Valkyrie co-founder and CIO Steven McClurg expects $10 billion or more to enter spot ...