Bitcoin ETFs: The Bull Case
One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here’s how that could play out. In a separate post, we review the bear case, where the market may not react with such optimism.
Bitwise Tops Bitcoin ETF Low-Fee Table, While Grayscale Bets on Size
Just one potential spot bitcoin ETF issuer has set a management fee above 1%, and many of the others are asking for less than 0.5%.
With Bitcoin ETF Decision Looming, SEC Chair Gensler Says (Again) That Crypto Is Dangerous
The entire crypto world and much of the U.S. financial sector is anxiously awaiting word from the U.S. Securities and Exchange Commission (SEC) on whether it will approve a spot bitcoin exchange-traded fund (ETF). SEC Chair Gary Gensler has chosen this moment to issue a broad warning about the hazards to investors of getting into digital assets.
Crypto Exchange Upbit Gets Full Licensing in Singapore
Upbit said it is “poised to expand [its] range of offerings,” having acquired a MPI license.
First Mover Americas: It’s ETF Deadline Week
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Report Finds Less Illicit Crypto Activity in Nations With Full Licensing Regimes in 2023: TRM Labs
Blockchain analytics firm TRM Labs has found that crypto service providers in countries with full regulatory regimes had lower rates of illicit activity than those in less regulated jurisdictions in 2023.
Grayscale Announces 1.5% Fees for Its Proposed Bitcoin ETF Uplist
Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs).
BlackRock, Other Potential Bitcoin ETF Providers Reveal Fees
BlackRock said its fee will start at 0.20%, rising to 0.30%.
ARK’s ETF Rebalancing Continues With $20.6M Coinbase Sale
ARK Invest has a target of no individual stock surpassing 10% weighting of an ETF’s value. COIN doubled in price in the last three months of 2023, bringing about consistent sales of the crypto exchange’s stock by ARK.
Bitcoin ETF Approval Odds Raised to Over 90% at Bloomberg, Drop on Polymarket
Two influential analysts have tipped odds at over 90% ahead of the Securities and Exchange Commission decision.