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The SEC's approval of Bitcoin ETFs is a bullish outcome for the long term. What happens in the short term is much harder to predict. Bitcoin goes public: What the ETF victory means and what comes next
Bitcoin investor Microstrategy gained 7% and crypto exchange Coinbase 4%, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, added 3.7%. Shares of retail trader-focused ...
After a false start on Tuesday, the Securities and Exchange Commission on Wednesday finally approved spot Bitcoin ETFs. In a filing, the agency announced that applications for 11 issuers ...
Global X in November 2023 also launched an ETF option for volatile emerging markets. [6] Global X filed its application to become one of the first companies to offer a Spot Bitcoin ETF in the US on August 23, 2023. [7] In its first year of operation, the Global X Blockchain ETF dropped 76.7 percent, dropping from a peak of $125 of assets. [8]
The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world's largest cryptocurrency and the broader crypto industry.
The 21Shares Bitcoin ETF, released in partnership with Cathie Wood’s ARK Invest, set a waiver period of six months or $1 billion, with a fee of 0.25% after.
Bitcoin's price fell 3.2% in December for its first monthly drop since August, while daily outflows from BlackRock's ETF hit a then-record of $189 million on December 24 before the latest plunge ...
The ETF industry has never had a better year than 2024 as investors gravitated towards active funds as well as Bitcoin ETFs, which made a splash in January after receiving SEC approval for the ...