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South Korea Regulator Holds Firm Stance Against Crypto ETFs Approval
12.1.2024
Source: AdobeStock While the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs. South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”...
Robert Kiyosaki Increases BTC Holdings After SEC Approval of Spot Bitcoin ETFs
12.1.2024
Rich Dad Poor Dad author Robert Kiyosaki has revealed that he bought additional bitcoin following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The famous author is deeply concerned about the U.S. economy, particularly the threat...
US Spot Bitcoin ETFs Rack up $4.6 Billion in Trading Volume on Day 1 — Blackrock Debuts With $1 Billion
12.1.2024
U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin...
SEC Chair Gary Gensler Was the Deciding Vote Approving Spot Bitcoin ETFs
11.1.2024
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, cast the deciding vote approving 11 spot bitcoin exchange-traded funds (ETFs) in a landmark decision on Wednesday. Before the approvals, the securities regulator held a vote on spot bitcoin ETFs, with two commissioners...
US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit
11.1.2024
Over the years, the FCA has repeatedly flagged concerns about the extreme volatility of crypto assets It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs. Crypto enthusiasts around the world are looking...
Robert Kiyosaki Predicts BTC Will Soon Hit $150K as SEC Approves Bitcoin ETFs — Says ‘I Will Be Buying More Bitcoin’
11.1.2024
Rich Dad Poor Dad author Robert Kiyosaki has predicted that the price of bitcoin will hit $150,000 “soon,” as the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs). He emphasized that he will be buying more bitcoin. Kiyosaki has issued...
Jamie Dimon Insists Bitcoin Doesn’t Have Value as JPMorgan Teams up With Blackrock on Spot Bitcoin ETF
11.1.2024
JPMorgan Chase CEO Jamie Dimon has insisted that bitcoin doesn’t have value, emphasizing that its use cases are sex trafficking, tax avoidance, money laundering, and terrorism financing. However, JPMorgan has teamed up with Blackrock to help the world’s largest asset manager grow...
SEC Chair Gary Gensler Warns Spot Bitcoin ETF Approval Isn’t BTC Endorsement
11.1.2024
Amid the excitement surrounding the approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement emphasizing that the regulator did not approve or endorse bitcoin by approving spot bitcoin ETFs. Gensler insisted that...
Bitcoin ETF New Era – 5 Best Cryptocurrencies To Hold in a Traditional Investment Portfolio
11.1.2024
Thursday, January 11, 2024 – Eleven spot Bitcoin ETFs have been approved by the US Securities and Exchange Commission (SEC) and start trading today. The greenlight for the first ever spot crypto ETFs in the US throws open the doors for institutional and retail investors. It provides a regulated...
Mass Approvals: SEC Green-Lights 11 Spot Bitcoin ETFs
10.1.2024
The U.S. Securities and Exchange Commission (SEC) has approved 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on U.S. stock exchanges. In a historic move after years of anticipation and regulatory hurdles, the approved spot bitcoin ETFs are expected to start trading Thursday...
About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group
10.1.2024
Source: iStock/Onfokus 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. Weng said that seven...
Former SEC Official Blasts Spot Bitcoin ETFs as Recipe for ‘Financial Ruin’
10.1.2024
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned about investing in spot bitcoin exchange-traded funds (ETFs), which the SEC is expected to approve on Wednesday. He cautioned that spot bitcoin applicants are “nothing more than an opportunistic...
SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval
10.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot...
Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Approval
10.1.2024
Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’s analysts described: “We see this as a watershed moment...
SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised
10.1.2024
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some...
Ark Invest CEO Expects Spot Bitcoin ETFs to Attract ‘Substantial’ Institutional Flows, Pushing BTC ‘Much Higher’
9.1.2024
Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the SEC approval, should we and others get it, is...
SEC Expected to Approve ‘a Handful’ of Spot Bitcoin ETFs on Wednesday, Report
9.1.2024
The U.S. Securities and Exchange Commission (SEC) is expected to green-light “a handful” of spot bitcoin exchange-traded funds (ETFs) on Wednesday, potentially unleashing a wave of trading this week. On Monday, 10 applicants submitted their final amendments, including Blackrock, which...
SEC Chair Gary Gensler Issues Crypto Warnings as Spot Bitcoin ETF Decision Looms
9.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand they may be deprived of key info”...
10 Spot Bitcoin ETF Applicants Submit Final Amendments With SEC
8.1.2024
Ten spot bitcoin exchange-traded fund (ETF) applicants have filed their final amended registration statements with the U.S. Securities and Exchange Commission (SEC). The amended filings reveal a fierce fee war among spot bitcoin ETF issuers. Grayscale charges the highest fee of 1.5% while Bitwise...
Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse
8.1.2024
Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to...