Recently, there have been significant movements in the Bitcoin ETF sector in the United States. Heavyweights like Fidelity, ARK 21Shares, and BlackRock have significantly increased their holdings in BTC. Is this a buying signal for small investors?
"The SEC postpones its decision on Fidelity's spot Ethereum ETF proposal until March 5th. An analyst predicts a final verdict in late May."
This is not yet evident on BTC/USD, but ETFs continue to consume massive quantities of bitcoins.
The trading volumes on Bitcoin ETFs launched by BlackRock, Fidelity, Ark Invest, and others are phenomenal.
The Bitcoin ETF has broken all records, but absurd facts have come to spoil the party, preventing Bitcoin from appreciating for now.
" Bitcoin Spot EFTs have faced several rejections before reaching this stage. "
What do BlackRock, Invesco Galaxy, WisdomTree, and Fidelity have in common? Obviously, at first glance, they are all companies in the finance sector, each with its own specificities. But those who have been following the trends in the crypto industry in recent months know that each of these companies has, in one way or another, engaged in this industry. Good news for the latter, which sees its financial influence expanding, confirming somewhat its relevance in terms of investment. However, what seems to be a sustained adoption of crypto by institutions in the finance ecosystem does not hide significant systemic risks. It is these risks that we will be interested in in this article.
The SEC's decision on bitcoin ETFs is imminent. Is it an opportunity to sell the news? Or not...
As the prospective dates for approval of Bitcoin Spot ETFs approach, BlackRock, Fidelity, Valkyrie, Bitwise and other applicants for authorization of these financial instruments are fine-tuning their dossiers. Lately, many of them have once again filed documents in which they designate the “authorized participants” for their trackers. The cream of…
Fidelity, the second largest investment fund after Blackrock in the ETF race, sees bitcoin reaching 15 trillion dollars within seven years.
The moment of truth is approaching. Will the SEC soon approve Spot Bitcoin ETF applications? Or will it go as far as to postpone its decision? Recently, issuers of similar requests have been increasing meetings with officials from this U.S. financial regulatory body. Gary Gensler and his team must be under pressure.
The financial market is eagerly awaiting the possible approval of a bitcoin spot ETF. In this regard, Fidelity, Ark Invest, and Invesco have recently updated their requests with the SEC. This is in response to letters demanding clarification on the matter. The crypto community perceives this action as a positive sign of ongoing dialogue between the companies and the regulatory authority.
Lately, there's been a lot of interest in the Bitcoin ETF. BlackRock's Bitcoin ETF is particularly attracting the interest of crypto investors. According to one Bloomberg analyst, it could even unlock colossal wealth.
Bitcoin is still sitting on $30,000, but the bullish pressure is palpable. Here are the top 5 (crescendo) bullish factors.