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The $9 trillion asset manager BlackRock, which owns the iShares Bitcoin Trust is attracting new and mainstream investors into Bitcoin ETF . The iShares Bitcoin Trust launched an advertising campaign on Tuesday showing the benefits of BTC ETF to mainstream and younger investors. BlackRock offered Bitcoin ETF services to institutional clients and is now looking at attracting a new batch of younger investors. Also Read: How Russia & Ukraine War Is Boosting US Economy BlackRock has classified Bitcoin ETF as an investment class and not a speculative asset in the ad campaign. It equates Bitcoin ETF to commodities, currency, stocks, and bonds standardizing it as an investment class. Bloomberg’s ETF Analyst Eric Balchunas took to X calling the BlackRock’s iShares Trust campaign simple yet effective. He referred to the BlackRock’s ad campaign as “hey fellow kids,” come look at and invest in Bitcoin ETF . Also Read: BRICS: SWIFT ‘Un...

Crypto investment products saw an outflow of $500 million last week. Bitcoin saw the most outflows with $479 million, while Ethereum recorded $39 million in outflows. CoinShares’ weekly report shows most of the outflows were in the US, where Grayscale’s ETF witnessed over $2.2 billion in outflows. Digital asset investment products saw a significant spike in outflows lask week, according to digital assets investment firm CoinShares. CoinShares’s latest weekly report shows the crypto investment products market saw outflows totalling $500 million.. Bitcoin saw $479 million in outflows According to the asset manager, the global outflows from crypto investment products reached $409 million in the US, $60 million in Switzerland and $32 million in Germany – the three regions with the highest outflows for the week ending January 26. “ Bitcoin has understandably been the primary focus, seeing US$479m outflows , while short-bitcoin saw ...

BTC options expiry reveals short-term volatility post ETF approval. Bitbot’s presale on Jan 17 promises unprecedented excitement with self-custodial solutions. With a total supply of 1 billion tokens, Bitbot aims for a $1B market cap and top listings. As 2024 signals the potential start of a new bull run, the crypto market is buzzing with excitement. The recent Bitcoin ETF approval sparks short-term volatility, while Bitbot, a revolutionary Telegram trading bot, gears up for its token presale on January 17. In this article, we delve into the first anticipated Bitcoin options expiry post Bitcoin ETF approval and the upcoming Bitbot presale , exploring the potential for exhilarating opportunities in the evolving crypto landscape. First BTC Options expiry post Bitcoin ETF approval The approval of the Bitcoin Spot ETF on Wall Street has set the stage for unprecedented market movements. Despite the historical significance, Bitcoin’s price exhibit...

South Korea’s Financial Services Commission (FSC) will not allow crypto ETFs despite SEC’s approval of spot Bitcoin ETFs. An FSC official says the ban on financial instutitions with regard to cryptocurrencies remains. Despite the eventual approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC), it does not change South Korea’s regulatory approach on these products. An official of South Korea ’s Financial Services Commission (FSC) told a local news outlet on January 11, a day after the SEC’s spot Bitcoin ETF approval, that financial institutions are banned from investing in crypto currencies. TAccording oto the FSC official , there are no policy changes regarding virtual currencies and that the US move isn’t new. Spot ETFs have been allowed in Hong Kong, Germany, Canada and other jurisdictions. But that does mean South Korea will follow suit. Also, as it stands, the law does not allow financial ...

JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF.  Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares Bitcoin Trust.  “The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying and selling Bitcoin.” – Jamie Dimon, CEO of JPMorgan Chase You might also like: SEC approves spot Bitcoin ETF on accelerated basis This involvement is a notable contrast to Dimon’s personal views on cryptocurrency. His critical perspective on digital currencies is well-documente...

The crypto market’s index of fear and greed has reached its highest level since the end of 2021, indicating greed. According to the latest data from the Alternative.me platform, the Fear and Greed Index in the crypto market has reached its highest level since November 2021. Back then, the price of Bitcoin hit at $69,000. Currently, the figure is 76 points — indicating a bullish greed sentiment not seen since then. Source: Alternative.me The index numerically shows the emotions and sentiments of crypto market participants. Now, the needle is in the “extreme greed” zone. Throughout the last month, the indicator fluctuated from 71 to 74. Only on Dec. 5, when the price of Bitcoin (BTC) jumped to $44,000, the needle briefly moved to the 75-point mark. Previously, the crypto market moved into the “extreme greed” zone on Nov. 11, 2021. Then, the indicator was 77, and the cost of the first cryptocurrency reached a historical maximum. On Jan. 8, the pr...

Fox Business reporter Eleanor Terrett said approval of a spot Bitcoin ETF in early January is unlikely. In an X post, Fox journalist Eleanor Terrett noted that the Securities and Exchange Commission (SEC) still needs to review changes to the S-1 filings for spot Bitcoin ETFs. While the @SECGov is surely unpredictable, it would surprise me if approvals were to happen tomorrow. From what I understand through conversations I’ve had with issuers, the SEC still has to review all the changes made to the S-1s filed on Thursday/Friday AND make comments on… https://t.co/CnkYdXsbD4 — Eleanor Terrett (@EleanorTerrett) January 1, 2024 She said the SEC will likely notify issuers of a final Form S-1 filing date following this round of review, practical within the next 24 to 48 hours, similar to the approval schedule for Ethereum (ETH) futures ETFs last October. “SEC staff has been off since Friday, so a Tuesday or Wednesday approval seems tight. But we shall see! Regardless, the next tw...

Coinbase has changed its head of custody , potentially as a strategic decision for handling services related to spot Bitcoin ETFs. The departure of Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, marks a pivotal shift in the company’s leadership. Schnarch’s position has been filled by Rick Schonberg, who joined Coinbase in 2021 and brings experience from previous stints at Goldman Sachs, State Street, and Tagomi. Breaking: After @Grayscale shuffles their team before the ETF approvals, @Coinbase follows suit with Rick Schonberg replacing Aaron Schnarch at Coinbase Custody. Aaron Schnarch, chief executive officer of Coinbase Custody, left in recent weeks, a spokesperson confirmed. He was… pic.twitter.com/rUajrSXK6f — MartyParty (@martypartymusic) December 29, 2023 You might also like: Cryptocurrency option trading soars as January ETF expectations escalate Coinbase’s custody division is recognized as a preferred choice for Bi...

Bitcoin miner Marathon Digital has seen its stock trading volumes soar, topping U.S. mid and large-cap stocks ahead of a potential spot Bitcoin ETF approval. In the past 24 hours, the firm’s trading volume exceeded 105 million shares, outperforming tech giants like Tesla, Apple, and Amazon, as per Yahoo Finance’s market data. Marathon Digital’s shares lead in trading volume over the past 24 hours | Source: Yahoo Finance Riot Platforms, another significant player in the Bitcoin mining sector, also marked a notable presence, ranking as the sixth most-traded stock with over 40 million shares traded in the same period. This surge in Bitcoin mining stock s is attributed to the mining industry’s expansion efforts in anticipation of the potential approval of a spot Bitcoin exchange-traded fund (ETF) in early January, coupled with the upcoming Bitcoin halving event in April. You might also like: Marathon Digital’s stock performance peaks in 2023 as BTC...

Financial services firm First Trust submitted the Bitcoin buffer filing ETF to the United States Securities and Exchange Commission on Dec. 14.  The filing, Form N1, outlines the firm’s intention to introduce a new Bitcoin-linked product named the First Trust Bitcoin Buffer ETF. Exposure to Bitcoin’s performance According to the filing, the newly proposed fund will mirror the positive price returns of the Grayscale Bitcoin Trust or another exchange-traded product (ETP), offering exposure to Bitcoin’s performance before factoring in fees and expenses. First Trust just filed for a #Bitcoin Buffer ETF. These types of funds protect against a set % of downside loss with capped upside. Expect to see other entrants in the space with unique differentiated strategies offering Bitcoin exposure over coming weeks. h/t @VildanaHajric pic.twitter.com/1qiWF53dM0 — James Seyffart (@JSeyff) December 14, 2023 Differing from a spot Bitcoin ETF, which directly tracks Bitcoi...

Bitwise Invest has made certain changes to its application to register a spot Bitcoin ETF following comments from the U.S. Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account. UPDATE: @BitwiseInvest has submitted their amendment for their #Bitcoin ETF pic.twitter.com/8ByhlMvdMN — James Seyffart (@JSeyff) October 25, 2023 According to the expert, there are no significant changes in the filing . However, the company added its product ticker BITB. If the SEC approves ETF, it will trade on the NYSE Arca exchange. When asked whether this should be considered a definite signal, Seyffart replied that it is just an example of a dialogue between counterparties and the regulator. Not really. No. Just more progress and shows continued conversation between SEC and these filers. — James Seyffart (@JSeyff) October 25, 2023 Earlier this month, Ark Invest amended its joint application with 21Shares to reg...

Misinformation strikes again in crypto as false reports of an approved Bitcoin ETF by BlackRock led to over $65 million in liquidations on exchanges within minutes. The debunked information first circulated on social media, claiming the SEC had greenlit a spot Bitcoin ETF product by BlackRock. The fake post sparked enough attention to push Bitcoin from $27,900 to almost $30,000. Also read: BlackRock: Spot Bitcoin ETF Application Still Under Review by SEC But prices quickly retreated to $28,000 as it became clear the report was bogus, leading leveraged traders who bought the peak to get liquidated when unable to meet margin requirements. JUST IN: $65 million $BTC liquidated within minutes following fake reports that BlackRock's Spot # Bitcoin ETF was approved. pic.twitter.com/Uxb6pCfhdu — Watcher.Guru (@WatcherGuru) October 16, 2023 Cascade of Bitcoin liquidation crosses $71 million According to data from Coinglass, the cascade of liquidations totaled $71...

Grayscale Ruling As Trigger For Crypto Recovery Bloomberg’s analysts think Grayscale has a 70% chance of winning the lawsuit against the US SEC, which will bring positive sentiment to the crypto market, triggering high chances of most spot Bitcoin ETF approval this year. Currently, SEC is reluctant to approve any spot Bitcoin ETF this year. advertisement Traders are actively waiting for a decision in the Grayscale vs SEC lawsuit as it was delayed last week. Some believe the p otential decision in the Grayscale vs SEC case is tomorrow. In fact, GBTC is looking strong despite a fall in BTC price, as per data by Coinglass. Grayscale Investments has also put out an advert to employ a Senior ETF Associate as it nears the tail end of its lawsuit with the SEC. Read More: Days Of Big Bitcoin Pumps Are Over, Says Bloomberg’s Mike McGlone Recommended Articles ...