Bitcoin surges to a 21-month high above $47,000 fueled by anticipation of SEC approval for ETFs.
Bitcoin has skyrocketed above $47,000, reaching its highest value in 21 months, driven by the excitement surrounding potential ETF approval by the SEC. The cryptocurrency market experienced a surge as investors eagerly await the decision on spot bitcoin ETFs, with key players like BlackRock and Fidelity updating their filings with the SEC. The Dollar has taken a backseat while Bitcoin's value continues to climb, with expectations of a positive outcome drawing in more investors.
As the countdown to the SEC decision on spot Bitcoin ETFs intensifies, the competition among asset managers for launching ETFs has led to a price war. With various fund companies submitting applications for spot Bitcoin ETFs, the market is abuzz with speculation and anticipation. If approved, these ETFs could potentially bring in billions of dollars in investments, revolutionizing the cryptocurrency landscape.
In a surprising turn of events, a false post on the SEC's social media platform caused a brief frenzy in the Bitcoin market, leading to wild price swings. The SEC clarified that the post was unauthorized, causing confusion among investors. Despite this misinformation, the anticipation for Bitcoin ETF approval remains high, with Wednesday marked as a crucial day for the decision.
In conclusion, the SEC's upcoming decision on Bitcoin ETFs has created a ripple of excitement in the cryptocurrency world, with stakeholders closely monitoring the developments. The approval of a spot Bitcoin ETF could pave the way for significant inflows into the market, potentially altering the course of Bitcoin's value trajectory.
Bitcoin rose to a 21-month high above $47,000 to start the week. · Key fee disclosures submitted by potential bitcoin ETF issuers bolstered investors' confidence ...
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.
BITCOIN rose above US$47000 for the first time since April 2022 with United States regulators seen as being poised to approve exchange-traded funds (ETFs) ...
The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in ...
Traders are clearly “buying the rumor” when it comes to a Bitcoin ETF approval this week; the key question is whether they'll “sell the news” once the ETFs ...
Several major cryptocurrencies jumped on Monday as investors anticipate the first potential approval by the U.S. Securities and Exchange Commission of spot ...
Ether , the coin linked to the ethereum blockchain network, rose 5% to $2,338.6 on Monday, adding $115.8 to its previous close. Reporting by Gnaneshwar Rajan in ...
Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, ...
The world's largest cryptocurrency surged past $US47,000 on hopes the SEC will finally approve a bitcoin ETF this week.
The filings indicate that the two entities were among the prospective issuers that the U.S. Securities and Exchange Commission (SEC) sent comments in the ...
(Bloomberg) -- Bitcoin consolidated after briefly rallying past $47000 on optimism that regulators are set to approve the first US exchange-traded funds ...
In cryptocurrencies, bitcoin hovered near its strongest level since April 2022 on growing anticipation of imminent approvals of spot bitcoin exchange-traded ...
A fee war has broken out among the asset managers hoping to launch spot bitcoin exchange traded funds in the US, even though the US regulator has not yet ...
BLACKROCK has set a fee of 0.3 per cent for its planned spot bitcoin exchange-traded fund (ETF), which is notably lower than those charged by some peers.
The battle for bitcoin supremacy has begun. No less than 10 fund companies have filed the necessary paperwork to launch a spot bitcoin exchange-traded fund (ETF) ...
Jan 9 (Reuters) - Will they, won't they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing ...
The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned bitcoin and crypto companies may not be complying with federal ...
Bitcoin consolidated after briefly rallying past $47000 on optimism that regulators are set to approve the first US exchange-traded funds investing directly ...
Word on the street is that a bitcoin ETF will be approved this week, which would mark a milestone for the world's first cryptocurrency, if only because ...
Everyone in the crypto world has Wednesday circled on their calendar: It's the day the SEC is expected to finally approve spot Bitcoin ETFs, a vehicle that ...
Some applicants expect regulators to make a decision about spot bitcoin ETFs on Wednesday and that trading could begin as early as Thursday.
Bitcoin traded around its highest level in nearly two years overnight, changing hands for more than $47000 on some exchanges.
Crypto enthusiasts think the launch of the first U.S. exchange-traded funds that hold bitcoin is a done deal. But regulatory approval is still no guarantee, ...
The dollar was mixed on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts on the belief that inflation is slowing.
The SEC's approval still hangs in the balance, but Bitwise and Grayscale currently rank as the cheapest and most expensive ETFs, respectively.
Approval of an exchange-traded fund could revolutionize bitcoin the way it did gold in 2004, according to Standard Chartered.
Analysts from Standard Chartered, Galaxy and Corestone predict that a spot bitcoin ETF could see over $1 billion in inflows over just the first quarter.
The Securities and Exchange Commission is expected to make a decision on proposed spot bitcoin ETFs Wednesday.
If a bitcoin ETF starts trading, there is no telling what it could do to the cryptocurrency's price, analysts say.
The Securities and Exchange Commission said Tuesday afternoon that an announcement about bitcoin ETFs on social media was incorrect.
Gary Gensler issued a second warning this week to investors a day ahead of an anticipated spot Bitcoin ETF decision.
The Securities and Exchange Commission is widely expected to approve the first Bitcoin spot exchange-traded fund (ETF) this week.
The US Securities and Exchange Commission approved spot Bitcoin exchange-traded funds for the first time.
Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission's official X account claimed the ...
The SEC said it had not yet granted approval of spot-Bitcoin exchange traded funds, despite a post on X that appeared from the regulator's official account.
The U.S. securities regulator said someone briefly accessed its X social media account on Tuesday and posted a fake message saying it had approved exchange ...
:The U.S. Securities and Exchange Commission (SEC) has not yet approved a spot bitcoin exchange traded fund (ETF), an agency spokesperson said on Tuesday, adding that a post on its social media platform X was incorrect.
The Securities and Exchange Commission told DL News: “The unauthorised tweet regarding bitcoin ETFs was not made by the SEC or its staff.”
The race to the bottom on fees among prospective spot Bitcoin exchange-traded fund (ETF) issuers picked up speed with at least four companies slashing their ...
The US regulator came out to say it had not yet granted approval of spot-Bitcoin exchange-traded funds. Read more at straitstimes.com.
Price of bitcoin briefly spikes more than $1000 as ETF would give a way to invest without having to buy outright on a crypto exchange.
But the Securities and Exchange Commission (SEC) shortly after said the announcement, in a post on X, was not made by its staff, confusing investors and sending ...
The Securities and Exchange Commission's official X account was hacked when the agency posted late Tuesday that it had approved exchange-traded funds ...
A HIGHLY anticipated decision by the United States Securities and Exchange Commission (SEC) on whether to approve a spot Bitcoin exchange-traded fund (ETF) ...
US stock and Treasury markets were muted on Tuesday as investors await key inflation data later in the week. The S&P 500 slipped back 0.2 per cent after strong ...