Deaton Reacts To SEC's Change of Mind Regarding Spot Bitcoin ETF
Lawyer John Deaton, a proponent of XRP, has commented on the recent change in the SEC's tone regarding spot Bitcoin ETFs, suggesting that Gary Gensler may have personal reasons for the shift. Deaton believes that while Gensler's perspective on Bitcoin may not have changed, the SEC's recent court loss and criticism from federal judges may have influenced the change in tone.
Spot Bitcoin ETF Could Trigger a 155% BTC Explosion, According to CryptoQuant- Here's the Timeline
CryptoQuant, an on-chain data provider, predicts that the approval of a Bitcoin exchange-traded fund (ETF) by the SEC could cause the price of BTC to increase by over 150%. If Wall Street firms that have applied to issue a spot Bitcoin ETF allocate even a small fraction of their assets under management to BTC, billions of dollars could flow into the market and double the price of Bitcoin.
SEC Chairman: SEC Still Weighing Proposal for Bitcoin Spot ETF
SEC Chairman Gary Gensler stated that the SEC is still considering proposals for a Bitcoin spot ETF.
Cointelegraph Editor-in-Chief Responds to “Bitcoin Spot ETF Approved” Fake News: The Pursuit of Pressure to Publish News First Leads to Fake News Incidents
On January 17th, cryptocurrency KOL Autism Capital responded to the false news report about the approval of a Bitcoin ETF on social media. In the video, Cointelegraph editor Kristina Lucrezia stated that this is not a problem with journalism, but rather a problem with society and social media. If you are not the first to report, it means you are the last, and this is what happens when Cointelegraph constantly faces pressure to be the first to report every piece of news.
Bloomberg analyst: BTC spot ETF own incident has written a "script" for crypto market traders
Bitcoin surged over 10% on Monday, driven by rumors that the BlackRock Bitcoin Spot ETF has been approved by the US Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst James Seyffart said this is like a rehearsal, letting the market know what will happen if the Bitcoin Spot ETF is really approved. This basically provides traders with a script.
Weak Crypto Market Struggles As Ether ETFs Launch Amid Economic Gloom and War
The launch of six exchange-traded funds tracking ether futures contracts in the US has pulled in just under $10 million in their first week of trading, according to CoinShares data. However, the timing of the futures ETFs could hardly be worse, as investors are running from risk amid economic gloom and war in Ukraine and the Middle East.
Cointelegraph: Fake News Originated From Unverified Screenshots
Cointelegraph conducted an internal investigation into the false news about the approval of the iShares Bitcoin Spot ETF under BlackRock last night. The origin of this news was an unconfirmed screenshot posted by a user named X (formerly Twitter), who claimed it came from Bloomberg Terminal. The editorial team initially received an alert about this false news through a Telegram channel. To report the situation as quickly as possible, an employee posted the report on X without confirming the authenticity of the editor's source in advance.
Cointelegraph stated: "This violates Cointelegraph's social media process. In this process, the source needs to be confirmed and approved by the editor before publication."
Fox reporter: SEC has confirmed that ETF approval is false news
Fox reporter Eleanor Terrett said on X platform that the SEC has confirmed that the ETF has been approved as false news.
Bloomberg ETF analyst: Cathie Wood says the current obstacle to ETFs is just the SEC chairman
Eric Balchunas, a senior ETF analyst at Bloomberg, said on social media that Cathie Wood stated that the staff of the US Securities and Exchange Commission (SEC) (who are currently in their first-ever contact with spot issuers) understand Bitcoin and its advantages, but Gary (SEC Chairman) is blocking their path (which is also what we feel). It is worth noting that Gary has begun to publicly state that he is looking forward to the staff's recommendations (as he said before proposing the BTC futures ETF in October 2021), so Cathie is optimistic that the staff will have no problem. This is also why our chances of success were as high as 90% by January.
Cointelegraph: Sorry for the spread of misinformation, results of internal investigation will be announced soon
Cointelegraph officials apologized for the spread of incorrect information regarding the approval of the BlackRock Bitcoin ETF. The team is currently conducting an internal investigation, which will be completed within 3 hours, and the results will be shared with the public afterwards.
