Currently, spot Bitcoin ETFs are provided in 8 countries around the world: Canada accounts for 48.2%, ranking first.
According to a report from CoinGecko, there are only 8 countries worldwide where spot Bitcoin exchange-traded funds (ETFs) are registered: Canada, Germany, Brazil, and Australia, as well as tax havens Jersey, Liechtenstein, Guernsey, and the Cayman Islands. This means that if the US Securities and Exchange Commission (SEC) approves the application for a spot Bitcoin ETF, the US could become the ninth country to register a spot Bitcoin ETF. Currently, Canada has the most spot Bitcoin ETFs with 7, totaling $2 billion in assets. This represents 48.2% of the $4.16 billion in spot Bitcoin ETF assets worldwide. Another leading country is Germany, which has only one spot Bitcoin ETF with total assets of $802.52 million.
U.S. SEC announces memorandum on discussions with BlackRock and Grayscale on listing of Bitcoin ETF
On November 26th, the official website of the US Securities and Exchange Commission (SEC) disclosed two memorandums.One memorandum shows that on November 20th Eastern Time, the SEC discussed the proposed rule changes for the listing and trading of Grayscale Bitcoin Trust ETF with Grayscale.<br>The other memorandum shows that on the same day, the SEC held a meeting with BlackRock, the world's largest asset management company, to discuss proposed rule changes for the listing and trading of iShares Bitcoin Trust ETF. The memorandum shows two ETF redemption methods: In-Kind Redemption Model or In-Cash Redemption Model. In-Kind Redemption Model means that the final redemption is the Bitcoin shares held by the ETF, while In-Cash Redemption replaces Bitcoin shares with equivalent cash. Bloomberg ETF analyst James Seyffart tweeted that BlackRock seems to prefer the former. <br>
Glassnode: Approval of spot Bitcoin ETF could bring $70 billion in capital inflows
According to a report published by Glassnode researchers on November 20th, a surge in demand could challenge the relatively limited supply of Bitcoin (BTC) and potentially increase volatility. The blockchain data company's research indicates a significant suppressed demand for spot Bitcoin ETF products. Analysts estimate that stock, bond, and gold investors need only allocate a small portion of their assets to inject up to $70.5 billion into the market. Even more conservative predictions suggest that there could be billions of dollars flowing into the market in the initial years.
ARK has filed revised prospectus for spot Bitcoin ETF
Ark 21Shares has submitted the 3rd amendment to the prospectus for its Bitcoin ETF.
Bloomberg: The size of the Bitcoin spot ETF market may reach 100 billion U.S. dollars, and relevant institutions have discussed starting to allocate Bitcoin
On November 20th, with the participation of well-known traditional financial institutions such as BlackRock, Fidelity, and Invesco, the Bitcoin spot ETF market may develop into a huge market worth 100 billion US dollars, according to Bloomberg Intelligence.<br>According to an insider, earlier this month, Galaxy Digital was working with Invesco and held a conference call with about 300 investment professionals to discuss the allocation of Bitcoin as the Bitcoin spot ETF debut approaches.
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WisdomTree files revised spot Bitcoin ETF prospectus
Bloomberg analyst James Seyffart stated on X platform that WisdomTree has submitted a revised prospectus (S-1 document) for its physically-backed Bitcoin ETF.
Global X ETFs files revised Bitcoin ETF prospectus
Bloomberg analyst James Seyffart stated on X Platform that Global X ETFs has submitted a revised prospectus for a Bitcoin ETF.
Kevin O'Leary: Spot Bitcoin ETF may not be approved for 18 months
Entrepreneur Kevin O'Leary has warned that the US Securities and Exchange Commission (SEC) may need another year and a half to approve a Bitcoin exchange-traded fund (ETF) for spot trading. He emphasized that we will not see a spot Bitcoin ETF in the US until there are cryptocurrency exchanges that meet the requirements of the SEC.
JP Morgan: Crypto market rally is overdone, spot Bitcoin ETF approval may not lead to massive influx of new capital
According to a report by CoinDesk on November 13th, Morgan Stanley stated in a research report last week that the excitement over the possible approval of a bitcoin ETF has driven a strong rebound in digital assets over the past month, but the increase seems to have gone too far. Analysts said that "the approval of a bitcoin ETF will help the cryptocurrency market attract new capital, as new approved ETFs will see inflows of funds," and "the approval will consolidate the victory of the cryptocurrency industry, but it is a setback for the US Securities and Exchange Commission (SEC)," so the SEC is more likely to soften its attitude towards the cryptocurrency industry. The bank expressed skepticism about both of these claims. Existing funds are more likely to be transferred from current bitcoin products (such as the Grayscale Bitcoin Trust (GBTC), bitcoin futures ETFs, and listed mining companies) to newly approved spot ETFs, rather than new capital entering the cryptocurrency field. Morgan Stanley pointed out that such ETFs already exist in Canada and Europe, but "investor interest has been low since their launch."
