Bitcoin

2024 - 1 - 9

Bitcoin Hits $47K Amid ETF Excitement

Bitcoin - Cryptocurrency - ETFs - Investing - SEC

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.

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Image courtesy of "CNBC"

Bitcoin touches $47000 for the first time since April 2022 as ... (CNBC)

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 ...

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BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish (Coindesk)

Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.

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Image courtesy of "The Business Times"

Bitcoin jumps to 21-month high with ETF approval seen imminent (The Business Times)

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) ...

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Dollar pulls back, bitcoin jumps ahead of ETF approval deadline (Reuters)

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 ...

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Image courtesy of "City Index"

Bitcoin Forecast: BTC/USD Tests 47K Ahead of Likely Bitcoin ETF ... (City Index)

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 ...

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Why Bitcoin, Ethereum, and Marathon Digital Jumped Today (Yahoo Movies)

Several major cryptocurrencies jumped on Monday as investors anticipate the first potential approval by the U.S. Securities and Exchange Commission of spot ...

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Bitcoin rises 6.8% to $46943 (Reuters)

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 ...

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Bitcoin Rally Cools in Countdown to US Spot ETF Decision by SEC ... (BNN)

Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, ...

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Image courtesy of "The Australian Financial Review"

SEC: Bitcoin rally cools in countdown to US spot ETF decision (The Australian Financial Review)

The world's largest cryptocurrency surged past $US47,000 on hopes the SEC will finally approve a bitcoin ETF this week.

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BlackRock, VanEck Update Bitcoin ETF Filing Within Hours of Quick ... (Coindesk)

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 ...

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Bitcoin Rally Cools in Countdown to US Spot ETF Decision by SEC (Yahoo Finance)

(Bloomberg) -- Bitcoin consolidated after briefly rallying past $47000 on optimism that regulators are set to approve the first US exchange-traded funds ...

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Dollar pulls back, bitcoin jumps ahead of ETF approval deadline (Business Today)

In cryptocurrencies, bitcoin hovered near its strongest level since April 2022 on growing anticipation of imminent approvals of spot bitcoin exchange-traded ...

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Price war for spot bitcoin ETF heats up ahead of key SEC ruling (Financial Times)

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 ...

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Image courtesy of "The Business Times"

BlackRock sets lower fee for spot bitcoin ETF compared to peers (The Business Times)

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.

Bitcoin ETF: Here are the 10 funds set to debut after SEC decision (Morningstar.com)

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) ...

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Cryptoverse: Bitcoin derivatives traders bet billions on ETF future (Reuters)

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 ...

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SEC Issues Sudden Warning As Bitcoin ETF Race Primes Crypto ... (Forbes)

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 ...

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Bitcoin (BTC) Rally Cools Near $47000 in Countdown to SEC ETF ... (Bloomberg)

Bitcoin consolidated after briefly rallying past $47000 on optimism that regulators are set to approve the first US exchange-traded funds investing directly ...

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Bitcoin ETFs: The Bull Case (Nasdaq)

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 ...

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Valkyrie cofounder predicts Wednesday approval amid Bitcoin ETF ... (Fortune)

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 ...

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Bitcoin seesaws near $47000 as ETF anticipation builds (Yahoo Finance)

Some applicants expect regulators to make a decision about spot bitcoin ETFs on Wednesday and that trading could begin as early as Thursday.

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Brace for wild swings as Bitcoin nears two-year high, Fidelity says (DL News)

Bitcoin traded around its highest level in nearly two years overnight, changing hands for more than $47000 on some exchanges.

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Image courtesy of "The Wall Street Journal"

SEC's Decision on Spot Bitcoin ETFs Could Go a Few Different Ways (The Wall Street Journal)

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, ...

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Dollar mixed before inflation data, bitcoin slips (CNBC)

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.

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Fee war breaks out among bitcoin ETF filers, as Wall Street looks ... (Pensions & Investments)

The SEC's approval still hangs in the balance, but Bitwise and Grayscale currently rank as the cheapest and most expensive ETFs, respectively.

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Image courtesy of "CNBC"

This week's bitcoin ETF decision could drive the cryptocurrency to ... (CNBC)

Approval of an exchange-traded fund could revolutionize bitcoin the way it did gold in 2004, according to Standard Chartered.

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Bitcoin ETFs Could See Up to $100B in Inflows If SEC Approves ... (Coindesk)

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.

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Image courtesy of "Blockworks"

'All indications' point to Wednesday approval, Thursday launch for ... (Blockworks)

The Securities and Exchange Commission is expected to make a decision on proposed spot bitcoin ETFs Wednesday.

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Image courtesy of "Blockworks"

Is a bitcoin ETF approval priced in? In the short term, probably (Blockworks)

If a bitcoin ETF starts trading, there is no telling what it could do to the cryptocurrency's price, analysts say.

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SEC says it did not yet approve Bitcoin ETF, X account was ... (CNBC)

The Securities and Exchange Commission said Tuesday afternoon that an announcement about bitcoin ETFs on social media was incorrect.

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Gary Gensler issues crypto warning (again) ahead of Bitcoin ETF ... (The Block - Crypto News)

Gary Gensler issued a second warning this week to investors a day ahead of an anticipated spot Bitcoin ETF decision.

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Spot Bitcoin ETF Issuers Unveil Expenses—Here's How They ... (Investopedia)

The Securities and Exchange Commission is widely expected to approve the first Bitcoin spot exchange-traded fund (ETF) this week.

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Bitcoin price plunges after SEC says X account 'compromised' after ... (DL News)

The US Securities and Exchange Commission approved spot Bitcoin exchange-traded funds for the first time.

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Bitcoin swings sharply after false claim that SEC approved ETFs (Financial Times)

Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission's official X account claimed the ...

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SEC Says Its X Account Was Compromised to Falsely Say Bitcoin ... (TIME)

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.

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SEC probing fake post on its X account, bitcoin ETFs not yet approved (Reuters)

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 ...

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US SEC has not approved bitcoin ETFs, social media account compromised-spokesperson (CNA)

: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.

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Bitcoin price plunges after SEC says X account 'compromised' amid ... (DL News)

The Securities and Exchange Commission told DL News: “The unauthorised tweet regarding bitcoin ETFs was not made by the SEC or its staff.”

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Image courtesy of "The Business Times"

Four Bitcoin ETF hopefuls slash fees before funds even launch (The Business Times)

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 ...

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Image courtesy of "The Straits Times"

Bitcoin sees brief frenzy after hacker falsely claims on SEC's X ... (The Straits Times)

The US regulator came out to say it had not yet granted approval of spot-Bitcoin exchange-traded funds. Read more at straitstimes.com.

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SEC says 'compromised' account to blame for tweet approving ... (The Guardian)

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.

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Image courtesy of "The Australian Financial Review"

Bitcoin ETF: Cryptocurrency's price swings wildly after 'unauthorised ... (The Australian Financial Review)

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 ...

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Image courtesy of "Financial News"

SEC blames hack for incorrect post about bitcoin ETF approval (Financial News)

The Securities and Exchange Commission's official X account was hacked when the agency posted late Tuesday that it had approved exchange-traded funds ...

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Image courtesy of "The Business Times"

US SEC X account compromised to falsely say Bitcoin ETFs approved (The Business Times)

A HIGHLY anticipated decision by the United States Securities and Exchange Commission (SEC) on whether to approve a spot Bitcoin exchange-traded fund (ETF) ...

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Image courtesy of "Financial Times"

News updates from January 9: False SEC post swings bitcoin price ... (Financial Times)

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 ...

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