U.S. SEC approves spot Bitcoin ETF IBIT to trade on Nasdaq tomorrow

Headlines

▌U.S. SEC approves 11 spot Bitcoin ETFs

U.S. Securities and Exchange Commission (SEC) documents show that the SEC approved 11 spot Bitcoin ETFs.

▌BlackRock: Spot Bitcoin ETF is expected to begin trading on Nasdaq tomorrow

BlackRock It said that its Bitcoin spot ETF (IBIT) successfully passed the final approval level of the US SEC. IBIT seeks to track the price of Bitcoin and is expected to begin trading on Nasdaq on January 11, 2024 ET.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 46,738.1 US dollars, with fluctuations during the day. Frame+2.89%;

ETH Recent The transaction price was US$2,590.4, with intraday changes +5.75%;

BNB The recent transaction price was US$306.7, with intraday changes +4.40%;

The recent transaction price of ;

The recent transaction price of DOGE was US$0.0836, with an intraday increase or decrease of +6.68% ;

ADA’s recent transaction price was US$0.5743, with an intraday increase or decrease of +13.60 %;

SOL’s recent transaction price was US$102.78, with an intraday increase or decrease+8.44%.

Policy

▌Chairman of the House Financial Services Committee: The approval of spot Bitcoin ETF is the first step in the U.S. A historic milestone for the digital asset ecosystem

U.S. House Financial Services Committee Chairman Patrick McHenry and Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill released an announcement regarding the approval of a spot Bitcoin ETF statement.  

Patrick McHenry said: “Today’s approval of a spot Bitcoin ETF marks a historic milestone for the future of the U.S. digital asset ecosystem. Although legislation that provides clarity and certainty for digital assets remains necessary , but the steps taken today represent a significant improvement over the SEC’s enforcement regulatory record, and we are pleased that investors and markets will finally have greater access to this generation of technology. We remain committed to strengthening through comprehensive market structure and payments stablecoin legislation Consumer Protection in Digital Asset Markets."

▌Bitcoin spot ETF approved in a 3-2 vote

The U.S. Securities and Exchange Commission (SEC) announced the results of its vote to approve the Bitcoin spot ETF listing application. The vote passed 3 to 2, with SEC Chairman Gensler, Commissioner Pierce and Commissioner Mark Uyeda voting in support.  

U.S. SEC Commissioner Pierce said that transparency must be maintained in the investigation of the X account hacker. False information (on the .

▌SEC Chairman: Most cryptocurrency exchanges are evading US securities regulations

In his statement on the approval of the spot Bitcoin ETF, the SEC Chairman stated that today’s action does not imply approval or endorsement of cryptocurrency trading platforms or intermediaries, which are not, to a large extent, Comply with federal securities laws and often conflicts of interest. Furthermore, without prejudging any one crypto-asset, the vast majority of crypto-assets are investment contracts and, therefore, are subject to federal securities laws.

▌SEC Chairman: Approval of spot Bitcoin ETF does not constitute approval or recognition of Bitcoin

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement on the SEC’s website approving the Bitcoin spot ETF.  

He said: Although we approved the listing and trading of certain spot Bitcoin ETP stocks today, we did not approve or endorse Bitcoin. Bitcoin is a speculative, volatile asset, and investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to cryptocurrencies. The approval of a Bitcoin spot ETF will bring more Supervision.

Blockchain Applications

▌Revert Finance launches lending protocol Revert Lend

AMM liquidity management protocol Revert Finance announces the launch of Revert Lend, a new lending protocol designed specifically for liquidity providers on Uniswap v3. Liquidity providers can collateralize their positions and obtain loans while retaining management of their liquidity. Owners of collateralized positions can configure automation such as auto-range, auto-leverage/deleverage or auto-compounding via Position Converter: specialized built-in contracts that provide enhanced flexibility in managing and automating LP positions, according to the Revert Lend protocol The contract is ready and an audit is scheduled.

Cryptocurrency

▌Coinbase: Spot Bitcoin ETF approved as crypto economy expands Watershed

Cryptocurrency exchange Coinbase has welcomed regulators’ decision to approve a series of spot Bitcoin ETFs. The SEC’s approval of 11 spot Bitcoin ETFs, eight of which are in partnership with Coinbase, is a watershed moment in the expansion of the crypto economy, the company said in a blog post. The launch of a spot Bitcoin ETF by the world’s largest asset manager will unleash a diverse pool of new investors to spur long-term growth and product innovation.

▌Robinhood CEO: Plans to launch spot Bitcoin ETF as soon as possible

Robinhood CEO Vladimir Tenev said that his platform plans to launch a spot Bitcoin ETF as soon as possible.

▌Bloomberg Analyst: Each Spot Bitcoin ETF’s S-1 filings are taking effect one after another

Bloomberg analyst James Seyffart said that he has seen many spot Bitcoin ETF prospectuses taking effect, 19b-4 has been approved, and S-1 approval is in progress Checking, which means these products will start trading tomorrow without any further steps.

▌Bloomberg predicts that spot Bitcoin ETF trading will see an inflow of US$4 billion on the first day, and US$2 billion may come from BlackRock

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According to Watcher.Guru, Bloomberg predicts that spot Bitcoin ETF trading will see an inflow of US$4 billion on the first day, of which US$2 billion may come directly from BlackRock.

▌FTX bankruptcy panel plans to sell 35 properties in The Bahamas, including luxury condos at SBF

FTX’s bankruptcy committee is preparing to sell a total of 35 properties owned by FTX in the Bahamas, including a luxury condominium where former CEO Sam Bankman-Fried once lived, according to court documents.  

FTX attorneys stated in court documents that the sale price of the property must reach at least 80% of the estimated price by the designated broker, and any sale exceeding $5 million should be submitted to the U.S. Trustee and the Committee of Creditors. Reports from attorneys and interested parties with legal claims to the listed properties.  

According to a filing last year, FTX owned a total of 38 properties in the Bahamas worth $199 million.

▌CBOE document shows spot Bitcoin ETF will begin trading tomorrow

Chicago Board Options Exchange (CBOE) documents show that the spot Bitcoin ETF will begin trading on January 11, Eastern Time. It is reported that there are six spot Bitcoin ETFs listed on CBOE, namely from VanEck, Fidelity, Franklin Templeton, WisdomTree, ARK 21Shares, and Invesco Galaxy.

Important Economic Updates

▌The probability that the Federal Reserve will keep interest rates unchanged in February is 95.3%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in February is 95.3%, and the probability of cutting interest rates by 25 basis points is 4.7%. The probability of keeping interest rates unchanged by March is 32.4%, the probability of a cumulative 25 basis point interest rate cut is 64.5%, and the probability of a cumulative 50 basis point interest rate cut is 3.1%. (Jinshi Data APP)

Golden Encyclopedia

▌Mainnet

Mainnet is short for "mainnet", which is the main blockchain network where actual transactions occur and uses native encryption Currency is traded. It is not the same as a testnet or experimental environment; rather, it is the product of development activities. The mainnet features its own cryptocurrency, a digital asset necessary for the network to function. This native cryptocurrency is critical to the ecosystem’s governance process, staking program, and transaction fees.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.