The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip. United States-based Spot Bitcoin exchange-traded funds (ETFs) experienced a surge in inflows on July 6, following Bitcoin’s price dropping below $54,000 just days earlier on July 4. According to Farside Investors, the spot Bitcoin ETFs saw their largest net inflows in a month,…
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Key Points: Democratic Party supports South Korean spot Bitcoin ETFs, while the ruling party raises concerns. Debate continues post-election as financial authorities deliberate on the issue. Regulatory hurdles persist, with warnings against brokering overseas-listed Bitcoin ETFs. According to Yonhap News, The opposition Democratic Party of South Korea has unveiled plans to greenlight the domestic issuance,…
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Central issues: Spot Bitcoin ETF exchanging volume is appearing at $10 billion three days, drove by Grayscale and BlackRock. BlackRock adds to its Bitcoin holdings while Grayscale’s GBTC reaches $5.174 billion. Grayscale experiences significant outflows, totaling $1.173 billion in three days, despite contributing 60% of total volume. In a momentous presentation available, spot Bitcoin ETF…
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Central issues: The second day of spot Bitcoin ETF exchanging amassed $3.1 billion, adding to Thursday’s $4.6 billion, adding up to almost $7.7 billion. Grayscale’s changed over GBTC reserve drove Friday’s exchanging with $1.8 billion, while BlackRock and Loyalty additionally saw huge volumes. Bitcoin, subsequent to coming to $49,000, encountered a 10% remedy, dropping to…
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Central issues: WisdomTree spot Bitcoin ETF surfaced on the DTCC site without SEC endorsement, flagging expectation for administrative green light. Positive thinking ascends for spot Bitcoin ETF endorsement after a government requests court difficulties the SEC’s dismissal of Grayscale’s Bitcoin Trust transformation, reshaping the administrative viewpoint. In an astounding development, data about the WisdomTree spot…
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Central issues: Spot Bitcoin ETF Gets Gesture, Backers Advised Tuesday/Wednesday. Likely Send off The following Week Prods Institutional and Retail Interest. SEC Choice Sets Stage for Bitcoin’s Standard Monetary Reconciliation. As soon as Tuesday or Wednesday, the U.S. Securities and Exchange Commission (SEC) is expected to notify issuers of the approval of a Spot Bitcoin…
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Central issues: Aaron Schnarch exits as Coinbase head of guardianship, supplanted by Rick Schonberg, flagging a change in initiative as the crypto goliath plans for Bitcoin ETF administrations. Coinbase stands out as the custodian of choice for major applicants for Bitcoin ETFs. As indicated by Bloomberg, Aaron Schnarch, the previous Coinbase head of care, has…
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Central issues: Valkyrie, taking cues from BlackRock, accomplices with Jane Road and Cantor Fitzgerald as approved members for the Valkyrie spot Bitcoin ETF. It uncovers a 0.8% administration charge for its ETF, dependent upon SEC endorsement in the new year, repeating expenses proposed by different guarantors. Valkyrie, following the lead of BlackRock, has assigned Jane…
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Key Points: Representatives from the SEC meet with BlackRock and Grayscale, which plan to launch spot Bitcoin ETFs in the first half of 2024. Two organizations were told to submit last changes for spot Bitcoin ETF filings by December 29. Organizations update their spot Bitcoin ETF filings fully expecting endorsements. U.S. Securities and Exchange Commission…
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Central issues: SEC choice on spot Bitcoin ETF expected post-January 8, organizations hopeful yet predict a special result. The SEC reflected on cash-just ETF share buys to address illegal tax avoidance concerns. 13 firms, including BlackRock, anticipate SEC endorsement for spot Bitcoin ETFs; specialists foresee spot Bitcoin ETF endorsement in mid 2024. FOX Business Organization…
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