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Bitcoin ETFs: A Wild Debut Unleashes $80 Million in Losses and Market Whiplash

In a historic moment for the cryptocurrency market, the debut of Bitcoin exchange-traded funds (ETFs) in the United States has left traders on both sides of the futures spectrum reeling with $80 million in losses. The initial excitement surrounding these ETFs led to a rapid surge in Bitcoin prices, briefly catapulting them above $49,000 and […]

3 mins read

Bitcoin(BTC) Eyes $50K After Just Embarking on a Sharp Trajectory

Bitcoin has experienced a remarkable surge, reaching $48,880 as it rides the wave of optimism following the U.S. Securities and Exchange Commission’s (SEC) historic approval of Bitcoin-based exchange-traded funds (ETFs). In the last hour alone, the leading cryptocurrency has witnessed a 3% increase, with an impressive 8.5% gain over the past day. The SEC’s decision […]

3 mins read

Approved: US SEC Greenlight Spot Bitcoin ETFs, Blackrock Next?

The U.S. Securities and Exchange Commission (SEC) has ushered in a new era for the cryptocurrency market by approving the first U.S.-listed exchange-traded funds (ETFs) to track bitcoin. This groundbreaking decision, announced on January 10, represents a pivotal moment for the crypto industry, offering a significant leap forward in the institutionalization of Bitcoin as an […]

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U.S. Exchanges Propel Spot Bitcoin ETFs Towards SEC Approval

In a significant stride towards mainstream acceptance, major U.S. exchanges are taking decisive steps, filing amended documents that indicate their confidence in the imminent approval of the first U.S. spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The amended 19b-4 filings, submitted on behalf of industry giants like BlackRock, Grayscale, […]

3 mins read

Grayscale in Talks with JPMorgan and Goldman Sachs On a Bitcoin ETF role

Crypto enthusiasts and financial experts alike are abuzz with the latest development in the world of cryptocurrency as Grayscale Investments engages in discussions with financial giants JPMorgan and Goldman Sachs regarding a potential role in its proposed spot Bitcoin exchange-traded fund (ETF). According to a recent report by Bloomberg on January 4, sources familiar with […]

4 mins read

Bitcoin ETF Rejection Rumor Sends BTC Back to $40k Mark ,Recovery in Action

The cryptocurrency community is abuzz with speculation as the January 10 deadline for a potential approval of a spot Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) approaches. Bloomberg ETF analyst Eric Balchunas has provided valuable insights, emphasizing the likelihood of approval but not ruling out the slim chance of a significant […]

3 mins read

From Skepticism to Collaboration: JPMorgan’s Role in BlackRock’s Bitcoin ET

In a strategic update to its spot Bitcoin ETF application on December 29, investment giant BlackRock has named two authorized participants crucial to the share creation and redemption process: Jane Street Capital and JPMorgan Securities. This development marks a significant step forward in the journey toward a potential spot Bitcoin ETF approval by the U.S. […]

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Bitcoin (BTC) Surpasses $40,000, Ethereum (ETH) Reaches $2,200 Amid Broader Crypto Rally

The price of Bitcoin (BTC) breached the $40,000 mark on Sunday, reaching levels not seen since early May 2022. Simultaneously, Ethereum (ETH) also experienced an upward surge, surpassing $2,200. The broader crypto market witnessed a subdued yet noteworthy rally, with several top-10 cryptocurrencies showing modest gains. As of press time, Bitcoin was trading above $40,600, […]