US House Financial Services Committee Chairman Criticizes SEC Chair for Inadequate Spot Bitcoin ETF Filings
July 1 (Cointime) - US House Financial Services Committee Chairman Patrick McHenry has criticized SEC Chair Gary Gensler for calling spot Bitcoin ETF filings by financial giants "inadequate". McHenry urged the SEC to look into a spot Bitcoin ETF, claiming that it will provide investors with a regulated product.
MicroStrategy's Michael Saylor Sees Bitcoin ETF as Onramp for Institutional Investors, but Not Immediate Price Gains
June 30 (Cointime) - Michael Saylor, Executive Chairman of MicroStrategy, has expressed his belief that a Bitcoin ETF would be a significant development for the industry, providing clarity to institutional investors and legitimizing Bitcoin as an asset.
The Potential Impact of a Spot Bitcoin ETF Approval on BTC Price and Grayscale's GBTC Trust
June 30 (Cointime) - The approval of a Bitcoin ETF based on spot prices would allow easier access for individual investors and mutual funds to actually buy BTC. However, the SEC has rejected all Bitcoin ETF applications due to concerns about transparency and surveillance-sharing agreements. Grayscale's Bitcoin Trust (GBTC) currently trades at a discount to its Bitcoin holdings, which is likely due to the lack of arbitrage tools.
BlackRock and Fidelity’s Bitcoin ETF Filings Could Be Bullish Catalysts for Cryptocurrency Markets
June 28 (Cointime) - BlackRock's filing for a Bitcoin ETF has contributed to the recent rally in the cryptocurrency market. Fidelity Investments' own filing for a Bitcoin spot ETF could also have a positive impact. Despite institutional investor focus, retail traders still hold significant power in the market.
BlackRock Has 50% Chance of SEC Approval for Spot Bitcoin ETF, Says Bloomberg Strategist
June 28 (Cointime) - BlackRock's recent application for a spot bitcoin ETF has a 50% chance of being approved by the SEC, according to Bloomberg's senior ETF strategist Eric Balchunas.
ARK Investment Management Amends Bitcoin ETF Application, Puts It Ahead in Race for Approval
June 28 (Cointime) - ARK Investment Management has updated its Bitcoin ETF application with the SEC, including a surveillance sharing agreement with the CME futures markets and a crypto exchange, likely Coinbase. This puts ARK ahead of its competitors in the race for the first Bitcoin ETF in the US.
Grayscale Bitcoin Trust Reaches One-Year High Amid Optimism for ETF Conversion
June 28 (Cointime) - Grayscale Bitcoin Trust's share price hit a one-year high on Tuesday, driven by renewed optimism about the trust's potential conversion into an exchange-traded fund (ETF).
Crypto Exchange Trading Volumes Surge As Institutions Enter the Space
June 28 (Cointime) - Institutional involvement is driving an increase in crypto exchange trading volumes, with the seven day moving average for daily exchange volumes rising from $11 billion on May 26 to nearly $19.5 billion on June 26. However, daily exchange volumes are still significantly lower than their peak of over $150 billion during the previous crypto bull cycle.
Retail Investors Will Drive Significant Bitcoin Price Surges, Says Fireblocks CEO
June 27 (Cointime) - According to Michael Shaulov, CEO of institutional custody platform Fireblocks, while a BlackRock spot Bitcoin ETF will bring in new institutional money, it will be retail investors who drive significant price surges.
Grayscale's GBTC Could Be a "Great Trade" Following BlackRock's Bitcoin ETF Filing
June 27 (Cointime) - The news of BlackRock filing for a bitcoin ETF has generated excitement in the crypto market, with some calling it the start of a new "crypto summer." GoldenTree's head of digital asset trading, Avi Felman, believes that Grayscale's GBTC shares could benefit the most from this development.
