The U.S. Securities and Exchange Commission (SEC) today gave the green light to trade in a Bitcoin exchange-traded fund (ETF), marking a milestone in cryptocurrency adoption. This article summarizes the reactions of crypto industry leaders to the news.
JinseFinanceThis article compiles the latest prospectuses of 11 spot #Bitcoin ETFs launching tomorrow.
JinseFinanceThese three stocks, MicroStrategy (MSTR), Cipher Mining (CIFR), and WisdomTree (WT), are poised for potential gains with Bitcoin ETF approval. MicroStrategy, led by Michael Saylor, remains a Bitcoin proxy with an aggressive acquisition strategy. Cipher Mining's cyclical dynamics and WisdomTree's ETP focus contribute to their appeal. However, investors should exercise caution due to crypto market volatility and regulatory uncertainties.
SanyaAnticipation builds as SEC reviews spot Bitcoin ETFs, with major players like Grayscale and Fidelity in the lead. Market optimism reflects in Bitcoin's recent price surge. Decisions expected next week hinge on meticulous SEC reviews, potentially shaping the crypto market landscape.
BerniceSpeculation hints at possible early Bitcoin ETF approvals by January 5, 2024, or before January 20. SEC meetings suggest a positive outlook, with trading expected shortly post-approval, potentially affecting Bitcoin's market sentiment and future.
EdmundFidelity Wise Origin Bitcoin Fund filed a Form 8-A reporting approval to register its shares as securities on the Cboe BZX exchange.
JinseFinanceBlackRock and Bitwise revise Bitcoin ETF applications, signaling a proactive stance in aligning with SEC regulations.
Xu LinPando Asset AG's recent filing for a spot Bitcoin ETF signals a strategic move in the competitive crypto landscape. The timing aligns with heightened anticipation of SEC approval, as Bitcoin experiences a notable rally. Pando's entry, alongside major players, underscores the evolving dynamics of the crypto market, presenting opportunities amid regulatory and economic uncertainties.
BerniceGrayscale Investments is actively pursuing SEC approval for its Grayscale Bitcoin Trust's conversion into a spot bitcoin ETF. Recent discussions with the SEC revolve around NYSE Arca's proposed rule change. Grayscale's persistent efforts, court mandates, and engagements with BNY Mellon showcase its commitment. GBTC outlines plans for listing and ongoing share issuance. The broader industry, including major players like BlackRock and Fidelity, is also navigating the SEC approval process for spot bitcoin ETFs.
Huang BoBlackRock, the world's largest asset manager, appoints Dennis Quah as Singapore Wealth head to strengthen its presence in Asia.
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