Bitcoin skyrockets on false ETF news, Blackrock CEO sees ‘pent up interest’
A fake report claiming BlackRock’s application for a Bitcoin ETF was approved triggered a 10% surge in Bitcoin’s price. The unfounded assertion was made by crypto news outlet Cointelegraph, sparking a wave of excitement across social media. However, both BlackRock and the Securities and Exchange Commission (SEC) debunked the rumor, and Cointelegraph subsequently retracted the […]
Cointelegraph apologizes for spreading false news about Bitcoin ETF
Cryptocurrency news outlet Cointelegraph has publicly apologized for sharing unverified information concerning a spot Bitcoin ETF by BlackRock. As reported by Cointelegraph, during routine coverage, its social media team posted a message without prior editorial approval. The message falsely claimed that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded […]
Coinbase claims that Bitcoin ETF Approval Effect include current price
The potential approval of Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) seems to be already factored into the current pricing, as per Coinbase Institutional. David Duong, head of institutional research at Coinbase Institutional, noted that the divergence in the performance of Bitcoin and other cryptocurrencies indicates an anticipation of one or more spot Bitcoin ETFs getting […]
ARK invest enhances its spot Bitcoin ETF proposal, as response to SEC’s red flags
Investment management firm ARK Invest has refined its proposal for a spot Bitcoin ETF, responding to the U.S. Securities and Exchange Commission’s (SEC) criticisms. According to Bloomberg ETF analyst Eric Balchunas, the updated proposal includes details on Coinbase’s custodial practices, stating that the ETF’s assets are stored in separate addresses on the Bitcoin blockchain. The […]
Spot Bitcoin ETF proposals delayed by SEC in anticipation of government shutdown
In the face of a potential government shutdown, the U.S. Securities and Exchange Commission (SEC) has decided to defer its ruling on spot Bitcoin exchange-traded funds (ETFs) proposals from leading firms. The SEC has pushed back its decision on spot Bitcoin ETF applications from BlackRock, Invesco, and Bitwise, on Wednesday. Intriguingly, this announcement came two […]
Cathie Wood’s ARK 21Shares Bitcoin ETF faces extended deadline by SEC
In a notice on 26th Sep SEC has extended the deadline for its decision on ARK 21Shares’ spot Bitcoin exchange-traded fund (ETF) to January. The SEC intends to take the maximum time allowed to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange. This comes as the SEC also delays its […]
12,000% returns ever since Cathie Wood’s made historic Bitcoin investment
Cathie Wood’s decision eight years ago to invest in Bitcoin through Ark Invest’s ETF has proven to be a major milestone. At the time, Bitcoin was trading between $200 and $300 per coin, and Wood saw the potential of the digital currency when it was still relatively unexplored by traditional investment vehicles like ETFs. Her […]
Bitcoin’s ETF expectations drive Wikipedia views to new heights
The anticipation of a Bitcoin spot exchange-traded fund (ETF) has sparked a surge of interest in the cryptocurrency. In recent filings to the US Securities and Exchange Commission (SEC), several asset managers have expressed optimism about the approval of a Bitcoin ETF. This has caught the attention of people who were previously unfamiliar with the […]
Ethereum addresses in Profit Plummet to 53.5% – Glassnode
The percentage of Ethereum addresses currently in profit has fallen to approximately 53.5%, according to blockchain intelligence platform Glassnode. This drop is attributed to the recent decline in Ether’s market performance, with its price sliding around 13% in the past month. Glassnode’s data suggests that the last time Ethereum addresses in profit dipped below 54% […]
Franklin Templeton makes a splash in the Bitcoin ETF Race
Franklin Templeton, a well-known financial services firm, has entered the competition for a spot bitcoin exchange-traded fund (ETF). In its filing with the U.S. Securities and Exchange Commission, Franklin Templeton proposed a Coinbase-custodied ETF that would trade on Cboe BZX Exchange, Inc. While other major players like BlackRock, WisdomTree, and Fidelity have also expressed interest […]