Bitcoin Magazine

09 января 2024 12:06

🔍Pantera, VanEck prepare to make investment following spot Bitcoin ETF approval

Four potential spot Bitcoin ETF issuers have disclosed initial seed capital exceeding $10 million before the SEC decides on bids

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Bitcoin Magazine

08 января 2024 21:11

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Bitcoin Magazine

08 января 2024 15:15

💰 Bitcoin ETFs Near Approval as Major Players Slash Fees in Intense Battle! 💼💰

In a groundbreaking move, several prominent applicants, including BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie, have taken the final step towards potential approval for spot Bitcoin ETFs by filing amended S-1 forms. 📑🌐

Amended S-1 Forms Filed: The Countdown to Bitcoin ETF Approval Begins

The cryptocurrency world is buzzing as key players file amended S-1 forms, marking the conclusive stage before a potential green light for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all in the race for approval. 🏁🚀

Fee Wars Intensify: BlackRock Sets Sponsor Fee at 0.3%

In a strategic move, BlackRock sets its sponsor fee at 0.3%, with a jaw-dropping reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This unexpected fee cut is sending shockwaves 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 Competitive Edge: Joint Lowest Permanent Fee at 0.25%

VanEck emerges as a strong contender by opting for a joint lowest permanent fee among issuers at 0.25%. The battle for supremacy in the fee landscape is fierce, and VanEck positions itself as a frontrunner. 🏆💸

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Bitcoin Magazine

07 января 2024 17:03

💰 VanEck Adviser Proposes Bitcoin ETFs to Tackle Unit Bias Psychology! 🌐💼

In a groundbreaking revelation, VanEck adviser Gabor Gurbacs asserts that Bitcoin Exchange-Traded Funds (ETFs) could revolutionize the crypto investment landscape by addressing the psychological barrier of unit bias. 🤔💸

The Unit Bias Challenge: Overcoming Obstacles to Bitcoin Ownership

Potential investors often face hesitancy when considering the purchase of Bitcoin, primarily driven by unit bias psychology. The inclination to own complete units of an asset can deter those reluctant to buy only fractions of the cryptocurrency. Gurbacs believes that Bitcoin ETFs present a viable solution to this challenge, providing a more accessible entry point for investors. 💡📈

Gurbacs Takes to X to Share Insights

Taking to X (formerly Twitter), Gabor Gurbacs highlighted the prevailing unawareness among many individuals regarding the option to own fractional parts of a Bitcoin. He emphasized that a significant number of people prefer owning 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." 🔄🔗

Biases as Market Insights

While acknowledging that the unit bias debate is not novel, Gurbacs contends that biases serve as invaluable tools for comprehending market dynamics. "Simplistic but unit bias psychology matters a lot. I think about this a lot," he added, underscoring the psychological nuances that impact investment decisions. 🧠📊

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Bitcoin Magazine

06 января 2024 15:59

💰 VanEck to Donate 5% of Bitcoin ETF Profits to Core Developers! 🌐💰

Exciting news in the world of cryptocurrency as VanEck, a prominent ETF applicant, has just announced a groundbreaking commitment that could reshape the future of Bitcoin! 🚀 Pending approval from the U.S. Securities and Exchange Commission (SEC), VanEck vows to contribute a generous 5% of its Bitcoin ETF profits to the dedicated developers of the Bitcoin Core! 💻💸

🌟 A Lifeline for Bitcoin Core Developers! 💪

This commitment comes as a much-needed lifeline for the unsung heroes behind the world's first cryptocurrency network. Bitcoin Core developers have long faced challenges in securing sufficient funding for their crucial work. VanEck, with a rich history as an active ETF and mutual fund manager since 1955, holds a whopping $76.4 billion in assets under management as of September 2023.

🔗 Building Bridges with Brink! 🌐

VanEck's generous donations will flow through Brink, a non-profit organization dedicated to connecting donor funds with Bitcoin code testers and maintainers. 🤝✨ Brink's fellowship and grant partners include major crypto exchanges like BitMEX, Kraken, and Coinbase, fostering a collaborative effort for the betterment of the entire crypto community.

👏 VanEck's Commitment Goes Beyond Words! 📝

In a statement released on Friday, VanEck declared, “We're not Bitcoin tourists at VanEck. We're in it for the long haul.” The firm has already kickstarted its pledge with a $10,000 donation to the developers, showcasing a genuine commitment to supporting the backbone of the Bitcoin ecosystem.

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Bitcoin Magazine

05 января 2024 19:08

💰 Celsius Shakes Up Crypto Finance: Unstake of $470M in Ether Signals Resurgence! 🚀💼

In a groundbreaking move, crypto lending giant Celsius announces the strategic unstaking of a substantial $470 million in Ether, marking a pivotal moment in its ongoing Chapter 11 restructuring journey initiated in July 2022.

🌊 Financial Revival: Celsius Unleashes Ether Unstake to Boost Liquidity!
Celsius, amidst the complexities of bankruptcy proceedings, initiates a game-changing maneuver by unstaking its existing Ether holdings. This strategic decision aims to fortify liquidity, ensuring a robust financial position and facilitating potential asset distributions. The move signals Celsius' unwavering commitment to financial resurgence.

🔄 Unlocking Value: Ether Unstake to Navigate Complexities and Empower Users
The unstaking of Ether, a move initiated on January 5, is poised to unlock substantial value for Celsius. Not only does this strategic decision navigate the intricacies of financial restructuring, but it also accelerates the platform's commitment to fulfilling obligations to its user base. Celsius aims to distribute either Bitcoin or Ether, catering to users who have patiently awaited the return of their funds for over 18 months.

💪 Strategic Financial Maneuver: Celsius' Unstake Unleashes Potential and Confidence
As Celsius charts the course for a financial resurgence, the decision to unstake $470 million in Ether stands as a testament to its strategic prowess. This move is poised to inject vitality into Celsius' financial framework, instilling confidence among users and industry peers alike.

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Bitcoin Magazine

04 января 2024 18:22

💰 Crypto Titans Unleash Excitement: Fidelity, Grayscale, and VanEck Accelerate Toward Spot Bitcoin ETF! 🌐📈

Hold onto your hats, crypto enthusiasts! The digital frontier is ablaze as Grayscale and VanEck join forces, filing their Form 8-A alongside Fidelity, igniting the journey towards a spot bitcoin exchange-traded fund (ETF). This trifecta of filings is poised to reshape the future of digital asset investments.

📈 Form 8-A: Unlocking the Gates to Crypto Prosperity! 🌟💼

Beyond mere paperwork, the Form 8-A filing is a cryptographic key, unlocking the ability for issuers to grace the exchanges once regulatory approval is secured. Grayscale and VanEck's synchronized move injects fresh momentum into the race for a spot bitcoin ETF, aligning perfectly with the imminent decision from the Securities and Exchange Commission (SEC).

💎 Grayscale's Epic Journey: From Courtroom Triumph to ETF Aspirations! 🏛✨

Grayscale, the maestro of crypto innovation, embarks on a transformative quest to convert its flagship fund into a spot bitcoin ETF. A victorious courtroom battle in August set the stage, compelling the SEC to reassess and positioning Grayscale to launch the Grayscale Bitcoin Trust (GBTC) into the ETF realm upon regulatory green lights.

💪🚀 Crypto Heavyweights Collide: BlackRock and Fidelity Enter the Arena! 🌐⚡️

But the spectacle doesn’t end there! Enter BlackRock and Fidelity, financial powerhouses making waves over the past year. The crypto arena is buzzing with intensity, underscoring the escalating demand for regulated crypto investment options. Investors brace for impact as the SEC decision day approaches.

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Bitcoin Magazine

03 января 2024 22:09

JUST IN: $4.5 trillion asset manager Fidelity files registration of securities with SEC for its spot Bitcoin ETF.

🤝 @Cryptocurrency_Inside ✅

Bitcoin Magazine

03 января 2024 09:29

💰 Buzz Alert: Spot Bitcoin ETFs Opening Doors for Investors! 🌐

*Chicago, IL — Jan 4, 2023*

🚀 CBOE's John Palmer sees a potential revolution as Spot Bitcoin ETFs emerge, inviting a fresh wave of institutional interest in cryptocurrencies.

💼 Institutional Gateway: Palmer predicts approval will give pension funds and RIAs direct access to the dynamic world of Bitcoin.

🔍 SEC Showdown: Jan 10 deadline looms for the pivotal decision on ARK Invest 21 Shares Bitcoin ETF application.

💰 Bitcoin's Rally at $45,136: A sweet spot for investors, attracting both institutional and retail attention.

🌈 Future Landscape: Spot Bitcoin ETF approval might reshape investment landscapes, making Bitcoin a star player.

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Bitcoin Magazine

02 января 2024 09:33

💰 Bitcoin Blasts Past $45,000: Ringing in 2024 with a Price Triumph Ahead of ETF Buzz! 💹

In a thrilling start to the new year, Bitcoin has breached the $45,000 mark, achieving a feat not witnessed in almost two years. The surge in value coincides with heightened expectations surrounding the imminent approval of a spot Bitcoin exchange-traded fund (ETF), injecting an extra dose of excitement into the crypto arena. 🌐💰

📈 Bitcoin's Vertical Ascent: Soaring 6% in 24 Hours and an Astonishing 170% Over the Last Year!

From its starting point at $42,000 on January 1, Bitcoin has undergone a rapid ascent, experiencing a remarkable surge of over 6% in the past 24 hours alone. The impressive trajectory doesn't stop there, with a staggering 170% surge over the past year, as per data from CoinMarketCap. This surge not only surpasses Bitcoin's 2023 peaks but also establishes an exhilarating new yearly high just two days into 2024. 📆🚀

💼 Market Buzz: Bitcoin's Rally Sets the Stage for Potential SEC Approval!

The crypto community is buzzing with anticipation as all eyes turn to the SEC, awaiting their decision on the pending applications for a spot Bitcoin ETF. With 14 outstanding applications awaiting approval, the looming decision has the potential to reshape the crypto investment landscape. 🏛🌟

🔄 A Trip Down Memory Lane: Bitcoin Revisits $45,000 Heights Not Seen Since April 2022!

The surge in Bitcoin's price triggers a nostalgic reminder of almost 20 months ago, specifically April 5, 2022, when Bitcoin last traded above $45,000. This time, however, the ascent feels different, hinting at a potential departure from the bear market that followed back then. 📈🔄

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Bitcoin Magazine

01 января 2024 07:29

💰 SEC Alert: Bitcoin ETF Countdown Begins - Notifications Imminent! 📅

In a thrilling update for the crypto world, the U.S. Securities and Exchange Commission (SEC) is gearing up to notify approved ETF issuers, setting the stage for potential launches ahead of the January 10 deadline. 🌟

📆 D-Day Approaches: January 10 Decision Nears for Ark Investments and 21Shares!

With the January 10 deadline looming for the SEC's decision on the spot Bitcoin ETF proposed by industry giants Ark Investments and 21Shares, the regulatory body is on track to inform asset managers about the fate of their own ETF applications. According to insider reports from Reuters, the much-anticipated notifications could roll out as early as Tuesday or Wednesday next week. 🕒

🏁 Race to Launch: Asset Managers Eyeing January 10 Decision Deadline!

For asset managers who met the year-end deadline, the race is on to launch their ETFs in sync with the critical January 10 decision deadline. Notable contenders include Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco. Early notifications could pave the way for an exhilarating launch for those securing the regulatory green light. 🚦

👥 Elite 14 in the Spotlight: Asset Managers in the ETF Approval Arena!

Among the 14 asset managers vying for approval of similar ETFs, some have already submitted intricate forms to the SEC, detailing sponsor fees and technical specifics. Fidelity takes the lead with the lowest proposed sponsor rate at an impressive 0.39%. While other contenders keep their rates under wraps, the competition is reaching a boiling point. 🔥

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Bitcoin Magazine

31 декабря 2023 06:47

💰 Bitwise's $200 Million Vision: Paving the Way for Spot Bitcoin ETF Eruption! 🚀

In a bold stride toward revolutionizing the crypto landscape, Bitwise has unfurled an amended S-1 filing with the U.S. Securities and Exchange Commission (SEC), propelling the eagerly awaited spot bitcoin exchange-traded fund (ETF) into the limelight. Get ready for a seismic shift as Bitwise's spot bitcoin ETF, christened BITB, prepares to make its grand entrance.

💸 The $200 Million Revelation: A Cryptocurrency Tsunami Beckons!

Bitwise has sent shockwaves through the industry by disclosing an unnamed entity's interest in a staggering $200 million worth of shares. These digital assets are up for grabs, poised to be traded through authorized participants or dynamically in the marketplace via seasoned broker-dealers.

📊 Market Marvel: BITB's Potential Ripples Across Social Platforms!

The news reverberates across the crypto-sphere, capturing the attention of Bloomberg ETF analyst Eric Balchunas, who shares his expert insights on the dynamic social media platform X. The possibility of a $200 million investment adds fuel to the crypto conversation, creating a ripple effect of excitement.

🚨 Bitwise's Advisory: Navigating the Crypto Wave Prudently!

Amid the frenzy, Bitwise issues a note of caution, emphasizing that expressions of interest are not set in stone commitments. The potential investor retains the flexibility to fine-tune their investment strategy, deciding to seize more, fewer, or no shares at all.

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Bitcoin Magazine

30 декабря 2023 06:41

🥇 Bitcoin's Billion-Dollar Journey: Largest Single-Day Exodus in 12 Months! 🚀💼

Bitcoin is on the move, and this time, it's a jaw-dropping $1 billion journey out of exchanges in a single day, marking the most substantial outflow in BTC terms since December 14, 2022. 📈💰

Major Player Exit: On Wednesday, a whopping 28,000 BTC, valued at $1.19 billion, bid farewell to centralized exchanges. Coinbase, the Nasdaq-listed giant and custodian for nine out of the 12 proposed spot BTC exchange-traded funds (ETFs) in the U.S., contributed significantly with an outflow of over 18,000 BTC.

Institutional Whispers: The timing of this massive movement is sparking speculation across the crypto community on X, hinting at potential institutional maneuvers just before an anticipated ETF launch slated for early January. 🕵️‍♂️🤔

Bullish Momentum Continues: Bitcoin, currently trading at $42,700, has surged by a staggering 158% year-to-date, reinforcing the bullish sentiment in the market.

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Bitcoin Magazine

29 декабря 2023 06:03

💰 Crypto Quake Ahead: Bitcoin ETF Approval May Trigger Market Shift, Warns CryptoQuant! 🌪️💹

Crypto community, get ready for potential market ripples! CryptoQuant issues a cautionary note, hinting at a "sell the news" scenario post Bitcoin spot ETF approval. Hold tight, as the crypto landscape might be in for a shake-up! 📉🌐

According to CryptoQuant's analysis, the current surge in unrealized profits among traders historically foreshadows a corrective phase. Smart traders often exploit optimistic sentiments, leading to closures and liquidations. Is a market shake-up imminent? 🤔💼

While the ETF approval is generally seen as bullish, a short-term dip could precede the anticipated surge. Brace yourselves for a crypto rollercoaster ride! 📉🚀

CryptoQuant's note highlights the 30% unrealized profit margins for short-term Bitcoin holders – a historical signal that often precedes corrections (keep an eye on those red circles). Are you prepared for the crypto quake? 🔄💸

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Bitcoin Magazine

28 декабря 2023 12:34

🥇 ARK Invest Executes Bold Move: Sells Remaining GBTC Holdings, Pours $100M into Bitcoin ETF! 💼🌐

In a strategic maneuver, ARK Invest, led by the visionary Cathie Wood, has seized the moment by liquidating its entire remaining Grayscale Bitcoin Trust (GBTC) holdings, valued at a whopping $200 million on December 28. 📉

What's the Game Plan? 💡
Half of the substantial sum, approximately $100 million, has been redirected into the promising realm of Bitcoin Futures ETF Bito. This audacious shift has positioned ARK Invest as the second-largest holder of Bito, according to insights from Bloomberg ETF analyst Eric Balchunas. 📊

Why the Shift? 🔄
As ARK Invest dynamically adapts its portfolio, analysts suggest that the move into Bito may be a temporary pitstop. The quest for a more liquidity-rich and promising investment avenue seems to be underway. This strategic decision reflects ARK's commitment to staying ahead in the ever-evolving landscape of digital assets. 🌐💰

Charting a Trail of Moves: A Recap 📈
The journey began in October when ARK Invest initiated the offloading of GBTC shares, marking a pivotal moment as Bitcoin's price soared to $34,000. Since then, the firm has steadily navigated the market, selling 100,739 GBTC shares worth $2.5 million from its ARK Next Generation Internet ETF (ARKW). The recent move saw the liquidation of 809,441 GBTC shares on December 19, amounting to $27.9 million. 📆💸

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Bitcoin Magazine

09 января 2024 05:49

💰 Bitwise Leads the Charge in Bitcoin ETF Battle! 💼💰

With the SEC poised to unveil the future of U.S. Bitcoin exchange-traded funds (ETFs), the crypto universe is ablaze with anticipation, and the spotlight is on the all-important fees! 🔥📈

💎 Bitwise Steals the Limelight with a Groundbreaking 0.24% Fee! 🚀💸

Hold onto your seats, investors! Bitwise, the maestro of crypto management, takes center stage with an eye-popping 0.24% fee, coupled with a 6-month fee vacation! 🌟✨ Prepare for a financial adventure as Bitwise charts a new course!

🔥 Fierce Rivalry as Competitors Sprint to the Bottom! 🏁💼

Ark and 21Shares refuse to be outshone, matching Bitwise's intensity with a razor-sharp 0.25% fee. VanEck and Franklin join the race, flaunting their sleek 0.25% fee structures. It's a fee showdown, and investors are the ultimate beneficiaries! 💸🚀

🌎 BlackRock's Strategic Move Sends Shockwaves! 💡💼

BlackRock, the global titan, throws a curveball with a savvy 0.30% fee—defying expectations! This strategic move reshapes the playing field, setting a new standard for the industry giants! 💪📉

📈 "Life Just Got Tougher for Everyone Else!" - Industry Pundits Weigh In! 🤯📊

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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Bitcoin Magazine

08 января 2024 20:44

@Bitcoin_Crypto_Memes

Bitcoin Magazine

08 января 2024 05:36

🚨🔍 SEC Issues FOMO Warning as Spot Bitcoin ETF Decision Looms: Invest Smart! ⚠️💸

In a strategic move, the U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy has issued a timely warning on social media platform X, cautioning investors about the risks associated with the Fear of Missing Out (FOMO). This marks the fifth piece of advice in a recent series from the regulatory body. 🚀💼

'NO GO to FOMO': SEC Urges Prudent Decision-Making in Investment Choices

Emphasizing the mantra of 'NO GO to FOMO,' the SEC's Office of Investor Education and Advocacy took to X to convey a critical message. Investors are reminded that the popularity of an investment among peers doesn't necessarily make it the right fit for everyone. 💡🚫

Investment Wisdom: Tailor Choices to Your Goals

The SEC encourages investors to take a thoughtful approach to their investment decisions, aligning them with their unique goals and aspirations. The advisory highlights the diverse spectrum of digital assets, including cryptocurrencies, ICO tokens, meme stocks influenced by internet trends, and non-fungible tokens (NFTs). 🔄💸

Spot Bitcoin ETF Decision Imminent: SEC's Watchful Eye

As the SEC stands on the brink of a significant decision regarding spot Bitcoin exchange-traded funds (ETFs), this cautionary note gains additional significance. With an announcement expected early next week, the SEC may set the stage for the trading of approved spot Bitcoin ETFs, commencing on January 11. 📅🌟

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Bitcoin Magazine

07 января 2024 03:56

💰 BlackRock Eyes Bitcoin ETF Approval Amidst Workforce Adjustments 🌐💼

In a strategic move, BlackRock, the global financial giant, anticipates the approval of its Spot Bitcoin ETF on Wednesday, as reported by Fox Business. 🚀📆

🌍 Global Adjustment: BlackRock Plans 3% Workforce Trim 🔍💼

Simultaneously, BlackRock is set to announce a workforce adjustment, trimming approximately 3% of its global employees, totaling around 600 individuals. Despite the magnitude, these layoffs are internally characterized as routine, following a similar pattern based on performance metrics from the previous year. 🌐💔

📉 Bouncing Back: BlackRock Shares Rebound with a 6% Surge in 2023 📈📊

After a challenging 2022 that saw a 21% dip in BlackRock shares, the financial powerhouse made a remarkable recovery in 2023, witnessing a 6% surge. The resurgence is attributed to a robust influx of new customer funds into BlackRock's Exchange Traded Fund (ETF) business, with an impressive $187 billion inflow last year. 📈💹

💼 Strategic Optimizations: BlackRock's Yearly Workforce Evaluation 🔄🚀

The impending workforce adjustments align with BlackRock's periodic evaluations, ensuring alignment with corporate goals. A source familiar with the matter emphasized that these measures are part of a routine process initiated last year based on employee performance metrics. 💪📊

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Bitcoin Magazine

06 января 2024 03:54

💰 SEC Faces Crucial Decision: Better Markets CEO Urges Caution on Bitcoin ETF Approval 🚀💼

Fraud and Manipulation Concerns:
Kelleher emphasizes the inherent risks of exposing investors to a market that, in his view, is rife with fraud and manipulation. The crypto industry's historical association with these challenges raises questions about the readiness of the market for an ETF, according to Kelleher. 🚨🔄

Amid Rising Phishing Threats:
Against the backdrop of a surge in phishing scams affecting over 324,000 users and resulting in $295 million in losses in 2023, Kelleher highlights the pressing need for enhanced security measures. The crypto industry must fortify defenses to protect investors from evolving cyber threats. 🛡💻

Legitimacy Debate and Unintended Consequences:
Kelleher warns that greenlighting a Bitcoin ETF could inadvertently bestow undue legitimacy on the crypto industry. The risk of investors interpreting SEC approval as a government endorsement may lead to unintended consequences, adding complexity to the regulatory landscape. 🏛🤔

Crypto Community Skepticism Persists:
While Kelleher's concerns carry weight, skeptics within the crypto community, including Bloomberg ETF analyst James Seyffart, remain cautious. Their skepticism adds nuances to the ongoing regulatory discourse, underlining the challenges of finding common ground in the ever-evolving crypto space. 🔄🌐

Source

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Bitcoin Magazine

05 января 2024 07:01

💰 Spot Bitcoin ETF Surge: SEC Flooded with Registrations as Decision Deadline Nears! 🌐🚀

In a flurry of activity, asset managers are making bold moves, filing for the registration of their spot bitcoin exchange-traded funds (ETFs) as securities with the U.S. Securities and Exchange Commission (SEC). With the first spot bitcoin ETF decision deadline set for January 10, anticipation is building, with many industry insiders predicting an earlier ruling from the SEC.

📅 Filing Frenzy: Vaneck, Valkyrie, Grayscale, Fidelity, and Bitwise Join the Race! 🏁🚨

The latest filings come from heavyweights in the industry, with Vaneck, Valkyrie, and Grayscale Investments throwing their hats into the ring just last Thursday. Fidelity made their move on Wednesday, while Bitwise had already filed the previous week. It's a dynamic lineup, showcasing the industry's eagerness to pioneer the way for spot bitcoin ETFs.

🏛 Exchange Showdown: NYSE Arca, Cboe BZX, and Nasdaq in the Spotlight! 🌐🔍

The battle for exchanges is heating up as Grayscale and Bitwise plan to list their spot bitcoin ETFs on the NYSE Arca. On the other hand, Vaneck and Fidelity are set to grace the Cboe BZX Exchange. Valkyrie, ever the contender, is eyeing a spot on Nasdaq. The stakes are high, and the choice of exchange adds an extra layer of excitement to the unfolding narrative.

📜 Fidelity's Vision: Wise Origin Bitcoin Fund Takes Center Stage! 🌟💼

Fidelity, a major player in the game, has outlined their vision in the filing: "The securities to be registered hereunder are shares ... of the Fidelity Wise Origin Bitcoin Fund." The trust's shares are primed for listing, with approval secured from the Cboe BZX Exchange, Inc. This move positions Fidelity as a significant contender in the evolving landscape of spot bitcoin ETFs.

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Bitcoin Magazine

04 января 2024 08:20

💰 Tuttle Capital's Grand Entrance: Unveiling Six Magnified Bitcoin ETFs for a New Investment Era! 🌐🚀

Tuttle Capital Management, renowned for its pioneering approach to exchange-traded funds (ETFs), has taken the crypto sphere by storm with its recent filing of three N1-A forms. These documents reveal a visionary plan to introduce six innovative Bitcoin ETFs, designed to revolutionize the landscape of cryptocurrency investment with amplified returns.

📈 Venturing into the Future: Tuttle Capital's ETF Revolution
Tuttle Capital Management's strategic move to file with the Securities and Exchange Commission (SEC) underscores its commitment to redefining the future of crypto investments. The proposed ETFs aim to magnify returns derived from a spot Bitcoin ETF, presenting investors with unparalleled opportunities.

🌟 Marching Forward: Effective Date Locked for March 18, 2024
As Bloomberg Intelligence ETF analyst Henry Jim revealed on X (formerly Twitter), the effective date for these ambitious ETFs is set for March 18, 2024. Tuttle Capital's proactive approach positions them as visionaries in navigating the ever-evolving crypto investment landscape.

🚀 The Dynamic Six: Tuttle Capital's Magnified ETF Lineup
The proposed ETFs, including T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs, alongside T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs, promise daily leveraged or inverse results. With magnifications reaching up to 150% and 200%, these ETFs offer a unique perspective on navigating the crypto market.

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Bitcoin Magazine

03 января 2024 18:30

💰 Crypto Winter Ahead: Matrixport Analyst Predicts SEC Rejection of Bitcoin Spot ETFs in January ❄️🚷

In a frosty outlook for the crypto space, Matrixport analyst Markus Thielen paints a picture of an impending regulatory chill in January, forecasting a unanimous rejection of all bitcoin spot ETF proposals by the Securities and Exchange Commission (SEC). Despite ongoing discussions and tweaks to S-1 prospectuses, Thielen spotlights a pivotal criterion that remains unmet, potentially leading to a collective dismissal.

🔍 Unfulfilled Criteria: SEC Hurdles Leave ETFs in the Cold
Thielen's analysis focuses on the delicate interplay of political dynamics and compliance concerns within the crypto landscape. While the advent of an ETF promises a warmer embrace for crypto in the U.S., Thielen asserts that the current proposals lack alignment with SEC Chair Gary Gensler's vision of stringent compliance.

🗳 Gensler's Firm Stand: A Potential Barrier to Approval
"SEC Chair Gensler's stance on crypto in the U.S. makes approval for bitcoin spot ETFs a distant prospect," Thielen states. The timeline for meeting Gensler's compliance expectations extends into Q2 2024, amplifying the likelihood of January rejections.

🚫 Fraud Concerns Resonate: Gensler's Cautionary Note
Gensler's recent remarks on CNBC echo the SEC's concerns, citing prevalent fraud and compliance lapses within the crypto sector. "There's been far too much fraud and bad actors in the crypto field," Gensler emphasizes, underscoring the need for adherence to securities laws and anti-money laundering regulations.

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Bitcoin Magazine

02 января 2024 17:23

💰 Grayscale Shakes Up the Game: Spot Bitcoin ETF Amendment Takes a Surprising Twist! 🌐🚀

In a dazzling move that's sending ripples through the crypto sphere, Grayscale, the powerhouse of cryptocurrency asset management, has just unleashed its latest amendment to the Bitcoin exchange-traded fund (ETF) application. 🚀💡

📈 Revolutionizing the Spot Bitcoin ETF!
Grayscale's amended filing, skillfully uncovered by Bloomberg's senior ETF analyst Eric Balchunas on X (formerly Twitter), adds a thrilling chapter to the ETF narrative. Notably, this revision takes an unconventional path by omitting authorized participant details, sparking a wave of curiosity and speculation. 🔄🌊

🔍 Authorized Participants: The Missing Puzzle Piece?
Breaking away from convention, Grayscale's amended filing keeps authorized participant information under wraps. Why the mystery? The company explicitly states that these participants will exclusively engage in cash transactions for shares, adding an element of intrigue to their strategic moves. This departure from the norm is fueling anticipation and excitement in the crypto community. 💸🤔

📅 Dec. 29 Filings: The Race to the First U.S. Bitcoin ETF
In a synchronized dance, seven companies, Grayscale included, filed updated Form S-1 applications on December 29. While counterparts like Fidelity, WisdomTree, and Invesco Galaxy spilled the beans on their authorized participants, Grayscale opted for a more enigmatic approach, leaving enthusiasts eagerly speculating. 🏁🌌

Source

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Bitcoin Magazine

01 января 2024 18:00

💰 Bitcoin ETF Launch: A Quiet Start with the Potential to Attract Trillions Over Time! 💸

The imminent launch of spot Bitcoin exchange-traded funds (ETFs) may not cause immediate fireworks in the Bitcoin (BTC) market, but VanEck adviser Gabor Gurbacs sees a future where these ETFs could usher in trillions of dollars into the cryptocurrency sector. 🌐

📉 Initial Impact Misjudged: Gurbacs Suggests a Modest Start for Bitcoin ETFs!

In a candid post on X (formerly Twitter) dated January 1, Gabor Gurbacs poured cold water on the anticipation surrounding the "initial impact" of Bitcoin ETFs. He estimates a humble net inflow of around $100 million, largely sourced from "mostly recycled" money from significant institutional investors during the launch. 🤔💼

📅 Historical Parallels: Drawing Insights from the Gold ETF Launch!

Gurbacs draws parallels to history, specifically pointing to the launch of the first gold ETF by State Street on November 18, 2004. Over the following eight years, the price of gold skyrocketed from $400 to $1,800, witnessing a more than fourfold increase. This surge catapulted the total market capitalization of gold from $2 trillion to an impressive $10 trillion within the same period. 📈💰

💡 A Marathon, Not a Sprint: Bitcoin ETFs Positioned for Long-Term Growth!

Despite the seemingly subdued initial impact, Gurbacs paints a picture of long-term growth for Bitcoin ETFs. Comparing the trajectory to the gold market, he hints at the potential for these ETFs to attract trillions of dollars over time, positioning the cryptocurrency sector for substantial growth in the years to come. 🌟📈

Source

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Bitcoin Magazine

31 декабря 2023 18:07

💰 Bitcoin Miners Hit Jackpot: December 2023 Breaks Records with $1.51 Billion in Revenue! 💰

As the curtains close on 2023, the Bitcoin mining community celebrates a historic milestone in December, raking in an unprecedented $1.51 billion in revenue. This remarkable achievement not only surpasses the previous record set in May but also highlights the growing significance of onchain fees in the crypto landscape.

📊 Shattering Records: December Triumphs Over May's $919.22 Million!

December's stellar performance eclipses the former record set in May when miners collected $919.22 million. This time, the grand total includes an impressive $324.83 million in onchain fees, marking a phenomenal 64.27% growth or an additional $590.78 million.

🚀 December's Surge: 1.64 Times Greater Than May's Record!

In a testament to Bitcoin's resilience, December's accomplishment stands 1.64 times greater than the previous record set in May. This surge, fueled by an uptick in onchain fees, underlines the robust nature of Bitcoin mining, solidifying its position at the forefront of the digital finance revolution.

🔗 Sky-High Transaction Rates: December's Crypto Atmosphere!

According to bitinfocharts.com, December's onchain transaction rates reach new heights. The average fee skyrockets to 231 satoshis per virtual byte (sats/vB), equivalent to $20.86 per transaction. On December 31, 2023, the median-sized fee registers at $9.60 per transaction or 106.3 sats/vB.

Source

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Bitcoin Magazine

30 декабря 2023 16:10

💰 Indonesian Authorities Take Down Illicit Bitcoin Mines Across 10 Sites - Crypto Crackdown Unfolds! 🚨🔒

In a significant move against unauthorized crypto operations, the North Sumatra Police Force in Indonesia has dismantled an expansive Bitcoin mining network spanning 10 locations. The operation resulted in the confiscation of 1,134 Bitcoin mining machines, along with essential electrical cables and computer equipment. ⛏️💻

Chief of North Sumatra Police, Irjen Agung Setya Imam Effendi, alleges that the organizers went to great lengths, tampering with electrical circuits to power their extensive Bitcoin mining setup. This crackdown mirrors the growing global concern over the environmental impact and regulatory compliance of cryptocurrency mining activities. 🌐⚡

This enforcement action comes on the heels of a similar case in China, where a government official received a life sentence for facilitating electricity access to a massive $329 million Bitcoin mining enterprise. Yi Xiao's case underscores the escalating regulatory scrutiny faced by the cryptocurrency industry worldwide. 🌏🔍

Source

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Bitcoin Magazine

29 декабря 2023 18:25

💰 Bitcoin Miners Trigger Lightning Sale, Unload $129 Million in a Flash! ⚡💸

Hold on to your hats, crypto enthusiasts! Bitcoin miners have just pulled off a lightning-fast sell-off, shedding a whopping $129 million worth of BTC in the past 24 hours! 💨💰 This unexpected move has sent miner reserves plummeting to their lowest levels since May, painting an intriguing picture of intensified selling activities. ⛏️📉

As per the latest insights from CryptoQuant, miner reserves, representing the BTC stash in their wallets, now stand at a mere 1.832 million BTC. This sharp decline, initiated in late October, has gained significant momentum throughout December, marking a considerable drop from the 1.845 million BTC held by miners in October. 🗓️📉

In a recent X post, AliCharts emphasized this critical development, highlighting that miners have offloaded 3,000 BTC in the last 24 hours alone — an eye-watering $129 million in value! 💼💹 With Bitcoin's current trading price hovering around $42,891, the market is buzzing with activity following yesterday's peak at $43,710. 📈📉

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

28 декабря 2023 18:40

🌐🇮🇳 India Tightens Crypto Rein: Show Cause Notices to Global Giants! 🚀🔒

🚨 Regulatory Crackdown Unleashed:
India's Financial Intelligence Unit (FIU), a part of the Finance Ministry, has taken a bold step by issuing show cause notices under the Prevention of Money Laundering Act (PMLA). This move signals the Indian government's unwavering commitment to reinforcing the legal framework governing cryptocurrencies. 📜💪

🔍 Scrutinizing Global Players:
Nine major offshore crypto exchanges, including Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, now face heightened scrutiny. The focus is squarely on ensuring strict compliance with PMLA regulations, heralding a new era of regulatory diligence. 🌊🕵️‍♂️

🚫 URLs on the Chopping Block:
Breaking new ground, the Indian government has initiated steps to block the URLs of these exchanges for non-compliance. This bold move underscores a proactive stance, reflecting the urgency to regulate and monitor crypto activities within the country. 🌐🔒

🤔 Unanswered Questions: Consequences Await:
While the government remains mum on specific timelines and consequences, the crypto community is left in suspense. The lack of precedents in India for such actions adds an element of uncertainty to the unfolding narrative. 🤷‍♂️❓

Source

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Bitcoin Magazine

27 декабря 2023 18:43

💰 MicroStrategy Caps Off 2023 with a Stellar $615.7 Million Bitcoin Purchase! The Bitcoin Saga Continues! 💡🚀

MicroStrategy, the trailblazer in corporate Bitcoin adoption, is closing the curtains on 2023 with a bang! 🎉 In a strategic move, the business intelligence giant has added a whopping 14,620 Bitcoins to its impressive portfolio, amounting to a staggering $615.7 million at an average cost of $42,110 per Bitcoin. 🌐💼

🔥 Relentless Bitcoin Accumulation: MicroStrategy, led by the visionary Michael Saylor, remains undeterred in its mission to accumulate Bitcoin. This latest acquisition solidifies its standing as the largest corporate Bitcoin holder globally.

💹 Strategic Brilliance: The purchase, executed with finesse, showcases MicroStrategy's strategic acumen in navigating the dynamic crypto landscape, emphasizing its commitment to digital assets.

📈 Impressive Holdings: As of December 26, 2023, MicroStrategy's Bitcoin holdings stand tall at 189,150 BTC, valued at around $5.9 billion. The average purchase price per Bitcoin rests at $31,168.

Source

/channel/Bitcoin_Magazine