To better integrate cryptocurrencies into traditional finance, Robinhood CEO Vlad Tenev announced that the platform will list the newly approved spot Bitcoin exchange-traded funds (ETFs) swiftly.
Analysts are anticipating a substantial influx of $4 billion on the first day of trading for Spot Bitcoin ETFs in the U.S. The US Securities and Exchange Commission (SEC) finally granted official approval to 11 Spot Bitcoin ETFs in a historic decision.
Bitcoin price has surged above $46,000 as the US Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. The approval came after a US congressional panel requested an SEC briefing on a fake tweet that claimed the regulator had authorized a bitcoin futures ETF. The tweet, which was later deleted, caused a brief spike in bitcoin’s price on Tuesday. The approval of spot bitcoin ETFs, which track the actual price of the digital asset, is seen as a major boost for the crypto industry, as it could attract more institutional and retail investors to the market.
The SEC has finally approved the first spot Bitcoin exchange-traded funds (ETFs) in the US. This monumental decision opens the floodgates for eleven Bitcoin spot ETF issuers who have been patiently waiting in the wings, marking the beginning of a new era for cryptocurrency investing. Surprisingly Bitcoin’s price barely budged, only gaining about 1% in the hours after the news broke.
Coinbase executives have offered to help the U.S. Securities and Exchange Commission (SEC) following the Monday hack of the federal agency’s account on X.
While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong.
Valkyrie Funds Chief Investment Officer Steven McClurg says it wouldn’t be surprising if a Ripple and Ethereum spot exchange-traded fund (ETF) came to the market speaking in an interview with Bloomberg TV.
The official X account of the U.S. Securities and Exchange Commission (SEC) was compromised when it posted the fake spot Bitcoin ETF approval announcement, X has confirmed.
Bitcoin ETF hype is currently pushing prices higher, but behind the scenes, a key indicator is flashing bullish with the potential to spark additional gains. After an absence of over 8 years, analysis shows the Bitcoin price is preparing to repeat a rare bullish chart pattern not seen since its epic rally in 2016.
Two CEOs of spot Bitcoin ETF applicants have come forward to state that they believe their firms’ ETFs should start trading on Thursday, according to recent media appearances made by the crypto executives.