💰 Grayscale, BlackRock and Fidelity dominate Bitcoin spot ETF market with nearly 90% of volume on third day of trading
In a third day of trading, the top three spot bitcoin ETFs by trading volume have positioned themselves heads and shoulders above the rest by nabbing just about 90% of the burgeoning market. The third day of trading finished well below the $3.1 billion seen on Friday. On last Thursday, the first day of trading, the total volume came in at $4.6 billion.
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🇰🇷 South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024.
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💰 Reported ‘transfer’ of $15B XRP was part of a failed exploit attempt
According to Bitfinex chief technology officer Paolo Ardoino, an attacker attempted to make use of XRP’s partial payments feature to exploit his crypto exchange but failed.
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💰 Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC
Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange.
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🇺🇸 Terra’s Do Kwon Says US Extradition Possible by Mid-March
Terraform Labs co-founder Do Kwon could be extradited to the US by mid-March to face charges that he orchestrated a $40 billion cryptocurrency fraud scheme, his lawyer said
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💰 JPMorgan says spot bitcoin ETFs could see up to $36 billion of inflows in rotational capital
Spot bitcoin exchange-traded funds, which began trading in the U.S. today, are not anticipated to draw in a significant amount of fresh capital; instead, they may experience a shift of up to $36 billion in inflows from existing crypto instruments, according to JPMorgan.
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💰 SEC’s Twitter/X was hacked to post fake spot Bitcoin ETF approval: Gensler
Some believe the redacted tweet was legitimate, but posted early.
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BIG BREAKING 🚨
💰 BITCOIN JUST OVERTOOK META FACEBOOK TO BECOME THE 9TH LARGEST ASSET BY MARKET CAP. 🔥👀
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💰 Bitwise Dominates with a Game-Changing 0.24% in Bitcoin ETF Race! 🌐💸
With the countdown to the SEC's decision on U.S. Bitcoin exchange-traded funds (ETFs) underway, the crypto community is buzzing with excitement, and the spotlight is firmly on the battle of the fees! 🔥📈
💎 Bitwise Steals the Spotlight with a Mind-Blowing 0.24% Fee! 🚀💰
Get ready for a financial rollercoaster, investors! Bitwise, the maestro of crypto, takes the lead with an unprecedented 0.24% fee, coupled with a generous 6-month fee hiatus! 🎉✨ Embark on a journey of financial innovation with Bitwise at the forefront!
🏁 Intense Competition as Rivals Race to the Bottom! 💼🚀
Ark and 21Shares are hot on the trail, matching Bitwise's enthusiasm with an ultra-competitive 0.25% fee. VanEck and Franklin join the fray, unveiling their sleek 0.25% fee structures. The quest for the lowest fee is on, and investors stand to reap the rewards! 💸🌈
🌍 BlackRock's Strategic Move Sends Shockwaves Through the Market! 💡💼
BlackRock, the global titan, throws a curveball with a strategic 0.30% fee—defying market expectations! This bold move reshapes the landscape, setting a new standard for industry giants! 💪📉
📊 "Life Just Got Tougher for Everyone Else!" - Analysts React! 🤯📊
Bloomberg Intelligence’s ETF senior analyst, Eric Balchunas, succinctly sums it up: "Life just got a lot tougher for everyone else." BlackRock's unexpected pricing decision adds an exhilarating twist to the unfolding Bitcoin ETF narrative! 🚀🔥
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🌟🚨 SEC's FOMO Warning: Smart Moves Ahead of Spot Bitcoin ETF Decision! ⚠️💰
In a strategic move, the U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy issues a critical FOMO warning on X, addressing the looming Fear of Missing Out (FOMO) risks in the cryptocurrency realm. This advisory, part of a recent series, offers invaluable insights for investors navigating the ever-shifting financial landscape. 📊💡
'NO GO to FOMO': SEC Advocates Prudent Decision-Making
The SEC's Office of Investor Education and Advocacy delivers a decisive message: 'NO GO to FOMO.' Investors are urged to exercise discernment, emphasizing that the popularity of an investment among peers doesn't automatically deem it a suitable choice for all. 💡🚫
Customize Your Investment Journey: SEC Encourages Informed Choices
The SEC encourages investors to take a tailored approach, aligning their investment decisions with individual goals and risk tolerances. The advisory sheds light on the diverse array of digital assets, spanning cryptocurrencies, ICO tokens, meme stocks driven by online trends, and non-fungible tokens (NFTs). 🔄💸
Spot Bitcoin ETF Decision Countdown: SEC's Timely Advice
As the SEC gears up for a crucial decision on spot Bitcoin exchange-traded funds (ETFs), this cautionary note gains heightened relevance. An eagerly anticipated announcement early next week could set the stage for the trading of approved spot Bitcoin ETFs from January 11. 📅🌟
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💰 VanEck's Innovation Boost: 5% of Bitcoin ETF Profits Funneled to Empower Bitcoin Core Developers! 🚀💰
Prepare for a seismic shift in the crypto landscape as VanEck, the visionary Bitcoin ETF applicant, unveils a groundbreaking commitment: dedicating a robust 5% of its Bitcoin ETF profits to champion the unsung heroes – the Bitcoin Core developers! 💻💡
🔗 VanEck's Progressive Alliance with Brink: Pioneering Crypto Philanthropy! 🌐🤝
Pending the green light from the U.S. Securities and Exchange Commission (SEC), VanEck's substantial contributions will flow through Brink, a non-profit organization uniquely poised to facilitate direct support from donors to Bitcoin code testers and maintainers. This strategic partnership, involving major crypto exchanges like BitMEX, Kraken, and Coinbase, stands as a monumental stride in fortifying the bedrock of the entire crypto ecosystem.
🚀 VanEck: Blending Legacy with Crypto Frontiers! 💼🌐
With a legacy tracing back to 1955 as a trailblazer in ETF and mutual fund management, VanEck brings a wealth of financial acumen into the dynamic world of cryptocurrencies. Currently overseeing a formidable $76.4 billion in assets as of September 2023, VanEck's commitment signifies an amalgamation of traditional financial wisdom with the cutting-edge universe of digital assets.
🌈 VanEck's Actionable Support: Beyond Mere Words! 💪🌐
In a resounding declaration, VanEck asserted, "We're not Bitcoin tourists. We're in it for the long haul." This isn't just lip service; VanEck has initiated their pledge with a substantial $10,000 donation to the developers, exemplifying steadfast support for the architects of the Bitcoin ecosystem.
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💰 Celsius Makes Waves: Unstaking $470M in Ether Signals Financial Renaissance! 🌊💰
Celsius, the prominent crypto lending platform, is set to unleash a financial whirlwind by initiating the unstaking of a whopping $470 million in Ether. This strategic move, unveiled on January 5, is a pivotal step for Celsius as it navigates the complexities of its Chapter 11 bankruptcy proceedings since July 2022. The decision underscores Celsius' commitment to bolster liquidity, paving the way for potential asset distributions and enhancing user confidence.
🚀 Unlocking Ether: A Tactical Financial Maneuver
In a bid to fortify its financial standing, Celsius has commenced the unstaking of existing Ether holdings, known for generating valuable staking rewards. The liberated Ether will play a crucial role in offsetting restructuring costs and expediting distributions to creditors. This strategic unstaking aligns with Celsius' mission to optimize its financial position and usher in a new era of stability.
💼 Empowering Users: Fulfilling Commitments and Elevating Expectations
Celsius, embroiled in a Chapter 11 scenario, is resolutely adhering to its recovery plan. The commitment to distribute either Bitcoin or Ether to creditors signifies a pivotal moment for users eagerly awaiting the return of their funds for over 18 months. This move not only showcases Celsius' dedication to meeting financial obligations but also positions it as a trailblazer in the crypto lending space.
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💰 Breaking News: Fidelity, Grayscale, and VanEck Signal Progress for Spot Bitcoin ETF Approvals! 🌐📈
In an exciting development, industry giants Grayscale and VanEck have officially filed their Form 8-A, marking a significant step forward in the pursuit of a spot bitcoin exchange-traded fund (ETF). Following hot on the heels of Fidelity's recent filing, the crypto community is buzzing with anticipation for what could be a game-changing advancement in the cryptocurrency investment landscape.
📑 Form 8-A Filing: Gateway to ETF Approval 🌐💼
The filing of Form 8-A is a pivotal move, allowing issuers to trade on an exchange once the product gains regulatory approval. With Grayscale and VanEck joining the fray, the momentum is building towards realizing the dream of a spot bitcoin ETF. The timing is crucial, with the Securities and Exchange Commission (SEC) set to make a definitive decision on the approval or disapproval of a spot bitcoin ETF in the coming days.
💡 Grayscale's Transformative Journey to a Spot Bitcoin ETF 🌈💎
Notably, Grayscale is actively working towards converting its flagship fund into a spot bitcoin ETF. This comes on the heels of a significant August court victory that mandated the SEC to re-evaluate Grayscale's bid for a spot bitcoin ETF. Undeterred, Grayscale remains steadfast in its commitment, ready to operate the Grayscale Bitcoin Trust (GBTC) as an ETF pending regulatory green lights.
🚀 Industry Heavyweights in the Ring: BlackRock and Fidelity Join the Fray! 🤝💼
The enthusiasm for spot bitcoin ETFs is not limited to Grayscale and VanEck. Industry powerhouses like BlackRock and Fidelity have thrown their hats into the ring over the past year, further underscoring the growing demand for regulated cryptocurrency investment options. The competition is heating up, and investors eagerly await the SEC's decision.
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⬜️ OKX Expands 🌐Global Foothold With VASP License From 🇦🇪Dubai Regulators
OKX secured a VASP license in Dubai, expanding its global presence, showcasing dedication to regulatory adherence, and leading in Web3 tech.
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💰 Bitcoin rent agreement: Landlord and tenant sign BTC contract
In Rosario, the third most populated city in Argentina, a local landlord and a tenant have sealed a rental agreement where the latter will pay monthly rent in Bitcoin. According to a report in the local newspaper Paginal 12 from Jan. 11, the contract is the first of its kind in Argentina, made possible by recent law amendments by the new presidential administration.
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🥇 Bitcoin Hashrate Hits New All-Time High Amid Spot ETF Frenzy
Bitcoin’s hash rate, that is the network’s computing power, recently reached a new all-time high amidst the frenzy that came with the debut of spot Bitcoin ETFs in the US. According to data from IntoTheBlock, the Bitcoin hashrate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, less than 24 hours after the U.S. Securities and Exchange Commission approved 11 Spot Bitcoin ETFs in the country.
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🇺🇸 SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement
The U.S. Securities and Exchange Commission released this statement in response to the hack of its X account that led to a fake announcement being issued in the SEC's name saying the regulator had a approved a spot bitcoin exchange-traded fund.
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🥇 UBS and Citi Will Let Some Customers Trade Bitcoin ETFs
UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter.
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👀 Robinhood To Launch Spot ETF Trading On Its Platform🧐🚀
Robinhood CEO unveils plans to launch spot Bitcoin ETFs, capitalizing on SEC's historic approval, marking a pivotal moment in crypto trading.
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💰 Blackrock drops Bitcoin ETF fee to just 0.12% for first $5B in assets, 0.25% ongoing Blackrock looks to offer one of the lowest fee among providers.
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🇰🇷 South Korean Upbit secures license in Singapore
Upbit Singapore intends to expand its range of services in the country after securing a Major Payment Institution license. The exchange has now joined 15 other institutions holding MPI status, including Ripple, Blockchain com, Paxos, Coinbase and Revolut. 📊
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💰 Bitcoin ETF Approval Imminent as Industry Giants Slash Fees in Fierce Showdown! 💰🌐
In a game-changing move, top contenders, including BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie, have filed amended S-1 forms, marking the last leg before a potential green signal for spot Bitcoin ETFs. The race for approval is on! 🏁🌟
Amended S-1 Forms Filed: The Final Push for Bitcoin ETF Approval
Cryptocurrency enthusiasts are on the edge of their seats as major players file amended S-1 forms, signaling the decisive phase before a potential nod for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all in contention. 📑🚀
Fee Wars Heat Up: BlackRock Sets Sponsor Fee at 0.3%
In a strategic move, BlackRock establishes its sponsor fee at 0.3%, with a surprising reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This fee cut sends ripples through the industry. Bloomberg ETF analyst Eric Balchunas notes, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke." 😱💼
VanEck's Strategic Move: Joint Lowest Permanent Fee at 0.25%
VanEck emerges as a strong player by opting for a joint lowest permanent fee among issuers at 0.25%. The fee battleground is intense, and VanEck positions itself as a frontrunner. 🏆💸
WisdomTree's Bold Play: Sponsor Fee Set at 0.5%
WisdomTree takes a bold stance by setting its sponsor fee at 0.5%, expressing confidence in the value it brings to the table. Fee dynamics among key players are evolving swiftly, and WisdomTree aims to make a mark. 💡💪
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💰 VanEck Luminary Unveils Ingenious Fix: Bitcoin ETFs to Eclipse Investor Hurdles! 🌐💡
Gabor Gurbacs, the visionary adviser at VanEck, has revealed a groundbreaking antidote to the unit bias dilemma, proposing that Bitcoin Exchange-Traded Funds (ETFs) could be the silver bullet to captivate a new wave of investors. 🔄🌟
Unit Bias Unveiled: Clearing the Path for Fractional Bitcoin Ownership
The psychological reluctance to embrace fractional ownership of Bitcoin, fueled by unit bias, has long hindered potential investors. Gurbacs asserts that Bitcoin ETFs provide a strategic remedy, democratizing crypto investment by offering a seamless entry for fractional ownership. 🛣💰
Social Media Surge: Gurbacs Lights up X to Spark Conversations
Seizing the power of social media, particularly X (formerly Twitter), Gabor Gurbacs illuminates the prevailing lack of awareness regarding fractional Bitcoin ownership. He underscores the emotional satisfaction derived from holding complete assets, stating, "Owning a full share feels better than owning 0.001 Bitcoin. Seems like a small thing but it’s a big thing." 🚀📲
Market Mastery through Biases: Decoding Investor Sentiment
Acknowledging the ongoing debate on unit bias, Gurbacs highlights the pivotal role biases play in comprehending market dynamics. "Simplistic but unit bias psychology matters a lot. I think about this a lot," he comments, delving into the nuanced factors influencing investment decisions. 🧠📊
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💰 BlackRock's Power Play: Bitcoin ETF on the Horizon as Workforce Adaptations Unveiled! 💹💼
Major developments are on the horizon as BlackRock, the global financial titan, gears up for the potential approval of its Spot Bitcoin ETF this Wednesday, according to insights from Fox Business. Simultaneously, the firm prepares to reveal strategic workforce adaptations, with an anticipated 3% adjustment affecting around 600 employees. 🔄💪
🔄 Strategic Evolution: BlackRock's Routine Workforce Adjustment 🔍💼
Internally classified as routine, the impending workforce adaptations align with BlackRock's strategic approach to maintain synchronicity with the evolving dynamics of the financial landscape. Following a similar process based on performance metrics last year, these measures showcase a deliberate and forward-looking workforce strategy. 💡💼
📈 Market Resurgence: BlackRock Shares Surge with a 6% Recovery in 2023 🚀📊
After navigating a challenging 2022 that saw a 21% dip in shares, BlackRock stages an impressive recovery in 2023, surging by a resilient 6%. This resurgence is underpinned by a substantial inflow of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, signaling renewed confidence from investors. 💹💰
💼 Strategic Optimization: BlackRock's Ongoing Workforce Fine-Tuning 🔄💼
In line with corporate goals, BlackRock's periodic evaluations underscore its commitment to strategic workforce optimization, ensuring adaptability in response to industry shifts. These proactive measures, part of an ongoing process initiated last year, underscore BlackRock's dedication to strategic evolution grounded in performance metrics. 💼🌐
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💰 Better Markets CEO Warns SEC Against Bitcoin ETF Approval, Citing Fraud Risks 🚨💡
In a bold move, Dennis M. Kelleher, CEO of Better Markets, a non-profit organization, is urging the U.S. Securities and Exchange Commission (SEC) to exercise caution in approving a spot Bitcoin exchange-traded fund (ETF). Kelleher argues that such a decision would run counter to the SEC's core principles and expose investors to potential fraud risks.
Fraud and Manipulation Concerns:
Kelleher voices strong concerns about the approval of spot Bitcoin ETFs, asserting that it could expose investors to a market tainted with fraud and manipulation. This warning echoes longstanding worries about the vulnerability of the crypto industry to illicit activities. 🤔🔍
Security Amid Rising Phishing Scams:
His plea comes at a time when phishing scams in the crypto space are on the rise, with over 324,000 users falling victim in 2023, resulting in losses totaling $295 million. Kelleher emphasizes the need for enhanced security measures to protect investors from such threats. 🛡💻
Legitimacy Concerns for the Crypto Industry:
Kelleher also raises the issue of potentially granting the crypto industry undue legitimacy by approving these ETFs. He warns that such a move could be misconstrued as official approval by the U.S. government, potentially misleading unsuspecting investors. 🏛🚀
Crypto Community Response:
While Kelleher's warning resonates with concerns, some within the crypto community remain skeptical. James Seyffart, a Bloomberg ETF analyst, expresses reservations, adding a layer of complexity to the ongoing debate around crypto regulation. 🔄📉
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💰 Crypto Tsunami: SEC Flooded with Spot Bitcoin ETF Applications as Decision Deadline Nears! 🚀💼
In a whirlwind of activity, asset managers are making waves, submitting registrations for their spot bitcoin exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC). With the first decision deadline on January 10, the crypto community is on the edge of its seat, speculating about a potential early call from the SEC.
📊 Titans Clash: Vaneck, Valkyrie, Grayscale, Fidelity, and Bitwise Enter the Ring! 🌟🔥
The competition is fierce as industry giants like Vaneck, Valkyrie, and Grayscale Investments threw their hats into the ring last Thursday. Fidelity strategically joined the fray on Wednesday, and Bitwise had already marked its territory the week prior. This dynamic lineup showcases the industry's united push toward paving the way for spot bitcoin ETFs.
🏛 Battle of the Exchanges: NYSE Arca, Cboe BZX, and Nasdaq Await Crypto Glory! 🌐🏰
The drama unfolds on the exchange battleground, with Grayscale and Bitwise eyeing the prestigious NYSE Arca. Vaneck and Fidelity prepare for a showdown on the Cboe BZX Exchange, while Valkyrie aims to make its mark on Nasdaq. The choice of exchange adds an extra layer of excitement to this unfolding crypto saga.
📜 Fidelity's Symphony: The Rise of the Wise Origin Bitcoin Fund! 🎶💡
Fidelity, a giant in the crypto space, reveals its strategy in the filing: "The securities to be registered hereunder are shares... of the Fidelity Wise Origin Bitcoin Fund." With approval secured for the listing of the trust's shares by the Cboe BZX Exchange, Inc., Fidelity solidifies its role as a significant player in the ever-evolving world of spot bitcoin ETFs.
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💰 Grayscale's Strategic Move: Spot Bitcoin ETF Amendment Unveils a Crypto Plot Twist! 🌐🚀
In a bold stroke that's captivating the crypto landscape, Grayscale, the trailblazing force in cryptocurrency asset management, has just dropped a bombshell with its latest amendment to the Bitcoin exchange-traded fund (ETF) application. 🚀💎
📈 Spot Bitcoin ETF Innovation!
Grayscale's amended filing, deftly brought to light by Bloomberg's senior ETF analyst Eric Balchunas on X (formerly Twitter), adds a layer of excitement to the ETF narrative. This revision takes a distinctive path by leaving authorized participant details in the shadows, sparking curiosity and setting the stage for speculation. 🔄🌟
🔍 Authorized Participants: The Puzzle Unveiled?
Defying expectations, Grayscale's amended filing maintains secrecy around authorized participant information. Why the enigma? The company clarifies that these participants will exclusively deal in cash transactions for shares, injecting an air of mystery into their strategic moves. This departure from the ordinary is generating anticipation and enthusiasm in the crypto community. 💸🤔
📅 Dec. 29 Filings: The Race to the First U.S. Bitcoin ETF
In a synchronized maneuver, seven companies, Grayscale included, filed updated Form S-1 applications on December 29. While counterparts like Fidelity, WisdomTree, and Invesco Galaxy laid bare their authorized participants, Grayscale opted for a more mysterious approach, leaving enthusiasts eagerly speculating. 🏁🌌
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