Author name: Peter

Bitcoin Reaches $49K High Before Dropping, as ETFs Record $2.3B in Trades by Mid-Day

Bitcoin's Brief Surge and Subsequent Decline On January 11, 2024, at 11 a.m. Eastern Time (ET), spot bitcoin exchange-traded funds (ETFs) made an impressive debut with a trading volume of $2.3 billion. However, the excitement was short-lived as bitcoin's spot markets experienced a sudden decline later that afternoon. The price of bitcoin fell below the […]

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Spot Bitcoin ETFs Wage Fee War as Bitwise Charts Unique Path

Spot Bitcoin ETFs Gear Up for Fierce Competition With Low Fees, Teaser Rates, and More Leading up to the SEC approval deadline, spot Bitcoin ETFs, including industry giants Blackrock and Fidelity, began disclosing competitive fee structures, signaling the intensifying race to attract investors. Blackrock's Aggressive Fee Cuts Blackrock, in its Jan. 8 S-1 filing, announced

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Gary Gensler’s Vote Tips the Scales in Favor of Spot Bitcoin ETF Approvals

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, played a pivotal role in the landmark decision to approve 11 spot bitcoin exchange-traded funds (ETFs) through his deciding vote. Prior to the approvals, the SEC held a vote on spot bitcoin ETFs, with two commissioners in favor and two opposing. Gensler's vote

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U.S. Spot Bitcoin ETFs Generate $4.6 Billion in Trading Volume on Debut

The highly anticipated launch of U.S. spot bitcoin exchange-traded funds (ETFs) sparked a trading frenzy on their inaugural day of trading, accumulating a combined trading volume of $4.6 billion. Blackrock, the world's largest asset manager, made a strong debut with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT). Fidelity Wise Origin

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Robert Kiyosaki Increases BTC Holdings After SEC Approval of Spot Bitcoin ETFs

Robert Kiyosaki Increases Bitcoin Holdings After SEC Green-Lights Spot BTC ETFs Renowned author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has recently disclosed that he has purchased additional bitcoin following the U.S. Securities and Exchange Commission's (SEC) approval of 11 spot bitcoin exchange-traded funds (ETFs). Kiyosaki, who has been an outspoken critic

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Bitcoin ETF Approvals and the Market’s Attention on Spot Ether ETFs

A New Era with SEC's ETF Approvals and the Market's Reaction The recent approval of spot bitcoin ETFs by the United States Securities and Exchange Commission (SEC) marks a significant milestone in the regulation of cryptocurrencies. However, the market's response to this approval was unexpectedly subdued, with bitcoin's price movement remaining relatively stable. This article

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SEC Commissioner Critiques Spot Bitcoin ETF Approval

Commissioner Crenshaw Raises Concerns about Investor Protection and Market Integrity SEC Commissioner Caroline A. Crenshaw has expressed her dissent following the SEC's approval of spot bitcoin ETFs. In a letter, she raises serious concerns regarding investor protection and market integrity. Inconsistency with the SEC's Mandate Crenshaw argues that the approval of rule changes allowing the

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Independent Nonprofit Organization Criticizes SEC Approval of Bitcoin ETFs

Introduction An independent nonprofit organization has expressed its disappointment and concern over the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Better Markets, a nonprofit organization dedicated to promoting public interest in financial markets and the economy, argues that the approval has allowed for the mass marketing

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BlackRock CEO Larry Fink: Bitcoin is an Asset Class that Protects You

Shifting the Narrative: Bitcoin as a Protective Asset In a recent interview with CNBC, BlackRock CEO Larry Fink expressed a positive perspective on Bitcoin, stating that it "is an asset that protects you." Fink compared Bitcoin to gold, emphasizing its role as a safeguard against geopolitical risks and personal uncertainties. This recognition from the head

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