Trillion-dollar asset managers are eyeing approval for their Bitcoin (BTC) ETF products within days, and all are competing to seize market share at the opening bell.
Bitcoin has achieved a significant milestone on New Year’s Eve, setting a new record in its network’s history with over 731,000 transactions processed in a single day.
VanEck adviser Gabor Gurbacks pointed out that the hype of a Bitcoin (BTC) spot ETF in the market could be overestimated in terms of short-term inflows but could see long-term gains as the window widens.
ARK Invest has taken the lead in filing the final Form S-1 amendment for its proposed spot Bitcoin exchange-traded fund (ETF) ahead of a deadline set by the US Securities and Exchange Commission (SEC).
The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant.