The crypto community is abuzz with expectations as bitcoin’s pricing reflects a sophisticated dance between investor sentiment and analytical forecasts. The prospective green light for a spot bitcoin exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC) is a hot topic, with traders mulling over whether it’ll catalyze a “buy the rumor sell […]
Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval
A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product to spot bitcoin exchange-traded funds (ETFs) that the securities regulator is […]
11 Spot Bitcoin ETFs Inch Closer to Approval — Analyst Says It’s ‘Basically Done’
Eleven spot bitcoin exchange-traded funds (ETFs) are moving closer to approval by the U.S. Securities and Exchange Commission (SEC). Proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges have been filed with the SEC. “It’s basically done,” an ETF analyst said, adding that the securities regulator is “trying to […]
Experts Weigh in on Bitcoin ETF Approval As Sell-the-News Event
As the SEC’s decision on bitcoin ETFs looms, market participants prepare for market impact. Analysts reflect on the possibility of a “buy the rumor, sell the news” situation. A Bitcoin ETF Approval Could Trigger Major Market Movements With the cryptocurrency community eagerly anticipating the SEC’s decision on several pending bitcoin ETF applications, and the likelihood […]
SEC Sees Surge in Spot Bitcoin ETF Securities Registrations as Approval Deadline Approaches
Five spot bitcoin exchange-traded fund (ETF) applicants have filed to register their funds as securities with the U.S. Securities and Exchange Commission (SEC) as the approval deadline draws near. While some interpret this development as approval confirmation of spot bitcoin ETFs by the SEC, experts clarify that several steps remain before these ETFs are greenlighted […]