CryptoETFs
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đ Big drop 9/3 ($IBIT -162.3, $BTC -50.4), total market down -287.8.
đ Bounce back 9/9, $IBIT (+28.6), $BTC (+22.8).
đ„ Biggest gains 9/13: $IBIT & $HODL (+102.1 & +99.3).
Overall, still down -17k+! đ
#CryptoETFs #MarketUpdate #BTC #IBIT #HODL
đ Bounce back 9/9, $IBIT (+28.6), $BTC (+22.8).
đ„ Biggest gains 9/13: $IBIT & $HODL (+102.1 & +99.3).
Overall, still down -17k+! đ
#CryptoETFs #MarketUpdate #BTC #IBIT #HODL
Crypto ETFs See Massive Outflows: What's Behind the Trend?
Investors have withdrawn over $1 billion from crypto ETFs in just one week, marking a significant shift in sentiment Âč. This outflow has been ongoing for eight trading days, a first since the launch of US spot ETFs in January. To put this into perspective, in March, when Bitcoin prices soared, these funds saw daily inflows of $1 billion on average.
What's Driving the Outflows?
The total assets managed by 12 crypto ETFs have dropped to $46 billion, down from a peak of $62 billion. Ethereum-based funds are also experiencing a similar trend, with continuous net outflows for several weeks. This sudden change in investor behavior raises questions about the current state of the crypto market and the role of ETFs in it.
A Closer Look at Crypto ETFs
Crypto ETFs allow investors to gain exposure to cryptocurrencies like Bitcoin and Ethereum without directly holding them. These funds trade on stock exchanges, offering a more traditional investment experience. However, they come with management fees, which can eat into investor returns.
Top Crypto ETFs
Some of the popular crypto ETFs include:
- iShares Bitcoin Trust (IBIT): Managed by BlackRock, with assets worth $2.2 billion ÂČ.
- Grayscale Bitcoin Trust ETF (GBTC): The largest ETF tracking Bitcoin's performance, with assets worth $21.4 billion ÂČ.
- Fidelity Wise Origin Bitcoin Fund (FBTC): Another major player, with assets worth $1.34 billion ÂČ.
What's Next?
The recent outflows from crypto ETFs may be a sign of investors becoming cautious or seeking alternative investment opportunities. As the crypto market continues to evolve, it's essential to stay informed and adapt to changing trends.
#CryptoETFs #cryptocurrencymarket #InvestorSentiment #BitcoinCyclePeak #digitalassets
What's Driving the Outflows?
The total assets managed by 12 crypto ETFs have dropped to $46 billion, down from a peak of $62 billion. Ethereum-based funds are also experiencing a similar trend, with continuous net outflows for several weeks. This sudden change in investor behavior raises questions about the current state of the crypto market and the role of ETFs in it.
A Closer Look at Crypto ETFs
Crypto ETFs allow investors to gain exposure to cryptocurrencies like Bitcoin and Ethereum without directly holding them. These funds trade on stock exchanges, offering a more traditional investment experience. However, they come with management fees, which can eat into investor returns.
Top Crypto ETFs
Some of the popular crypto ETFs include:
- iShares Bitcoin Trust (IBIT): Managed by BlackRock, with assets worth $2.2 billion ÂČ.
- Grayscale Bitcoin Trust ETF (GBTC): The largest ETF tracking Bitcoin's performance, with assets worth $21.4 billion ÂČ.
- Fidelity Wise Origin Bitcoin Fund (FBTC): Another major player, with assets worth $1.34 billion ÂČ.
What's Next?
The recent outflows from crypto ETFs may be a sign of investors becoming cautious or seeking alternative investment opportunities. As the crypto market continues to evolve, it's essential to stay informed and adapt to changing trends.
#CryptoETFs #cryptocurrencymarket #InvestorSentiment #BitcoinCyclePeak #digitalassets
IS CRYPTO BETTER WITHOUT ETFsâïž
Yesterday, spot bitcoin exchange-traded funds in the U.S. posted total daily net inflows worth $117 million.
Fidelityâs FBTC led with $63.16 million daily inflows, ending their 8-day streak of negative flows.
Surely enough, the market has turned green đbut during the outflow streak volatility was at its peak.
We expected a crazy bull run by now with the spot ETFs but all we see is a roller coaster in prices.
Is it okay for ETFs to keep controlling price action? đ€
#CryptoETFs #BitcoinPriceUpdate #MarketVolatility #CryptoMarketDynamics
Fidelityâs FBTC led with $63.16 million daily inflows, ending their 8-day streak of negative flows.
Surely enough, the market has turned green đbut during the outflow streak volatility was at its peak.
We expected a crazy bull run by now with the spot ETFs but all we see is a roller coaster in prices.
Is it okay for ETFs to keep controlling price action? đ€
#CryptoETFs #BitcoinPriceUpdate #MarketVolatility #CryptoMarketDynamics
đš SEC Warns on Bitcoin and Ether ETFs â Hereâs What It Means for Investors! đš
The SEC has sounded the alarm on Bitcoin (BTC) and Ethereum (ETH) ETFs, calling them highly speculative investments. With these cryptos leading the market, the regulatory body urges investors to tread carefully. đ
As crypto-related products grow in popularity, so do the risks. If you're planning to invest in BTC or ETH ETFs, stay sharp and be ready for those market twists and turns. đđ
Remember, with big rewards come big risks. Be smart, stay informed, and trade with caution. đ
#CryptoInvesting #BTC #ETH #CryptoETFs #SECWarning
$BTC
$ETH
$BNB
The SEC has sounded the alarm on Bitcoin (BTC) and Ethereum (ETH) ETFs, calling them highly speculative investments. With these cryptos leading the market, the regulatory body urges investors to tread carefully. đ
As crypto-related products grow in popularity, so do the risks. If you're planning to invest in BTC or ETH ETFs, stay sharp and be ready for those market twists and turns. đđ
Remember, with big rewards come big risks. Be smart, stay informed, and trade with caution. đ
#CryptoInvesting #BTC #ETH #CryptoETFs #SECWarning
$BTC
$ETH
$BNB
đš SEC Issues Warning on Bitcoin and Ether ETFs â What Investors Need to Know! đš
The SEC has raised caution flags around Bitcoin (BTC) and Ethereum (ETH) ETFs, labeling these top cryptos as highly speculative investments. With the growing popularity of crypto-related products, the SEC is urging investors to approach these assets with caution. đ
While BTC and ETH continue to lead the market, the regulatory body reminds us of the potential risks involved. If you're diving into crypto or ETFs, it's crucial to stay informed and prepared for market swings. đđ
Cryptoâs high reward comes with high risk! Trade wisely, and always do your research before making a move. đ
#CryptoSafety
#BTC #ETH #CryptoETFs #SEC
$BTC
$ETH
$BNB
The SEC has raised caution flags around Bitcoin (BTC) and Ethereum (ETH) ETFs, labeling these top cryptos as highly speculative investments. With the growing popularity of crypto-related products, the SEC is urging investors to approach these assets with caution. đ
While BTC and ETH continue to lead the market, the regulatory body reminds us of the potential risks involved. If you're diving into crypto or ETFs, it's crucial to stay informed and prepared for market swings. đđ
Cryptoâs high reward comes with high risk! Trade wisely, and always do your research before making a move. đ
#CryptoSafety
#BTC #ETH #CryptoETFs #SEC
$BTC
$ETH
$BNB
đŒ Bloomberg Analyst Foresees Positive Ripple Effect: Approval of a Bitcoin spot ETF could signal a favorable environment for an Ethereum (ETH) ETF and other crypto-related assets, including staked ETH ETPs like AETH in Europe. đđ€ #CryptoETFs
Hong Kong's Approval of Spot Crypto ETFs Ignites Bullish Sentiments in Cryptocurrency Market
The cryptocurrency market has witnessed a surge in bullish sentiments as Hong Kong embraces the trend of spot cryptocurrency exchange-traded funds (ETFs). Bitcoin, the leading digital asset, surged above $66,000, marking a 3.02% increase over the past day, attributed to Hong Kong's ETF development.
On Monday, Hong Kong announced the approval of several spot Bitcoin and Ethereum ETFs, reflecting the city-state's commitment to positioning itself as a prominent crypto hub in the region.
China Asset Management, a notable asset manager, disclosed that its Hong Kong division received the green light from the Hong Kong Securities and Futures Commission (SFC) to provide retail asset management services linked to spot crypto ETFs. Collaborating with OSL and BOCI International, the company is set to launch spot Bitcoin and Ethereum ETFs.
Harvest Global Investments also secured initial approval from the SFC for its two spot crypto ETFs, in partnership with OSL. The move aims to address concerns regarding high margin requirements.
Additionally, Bosera Asset Management, a Hong Kong-based unit of a major Chinese asset manager, and HashKey Capital have been approved by the SFC to jointly manage two spot crypto ETFs.
The approval from the SFC comes at a strategic time, just days ahead of the highly anticipated Bitcoin halving event, injecting further optimism into the cryptocurrency market.
Hong Kong has been actively competing with other global financial centers such as Singapore and Dubai to establish itself as a focal point for cryptocurrency companies. Despite setbacks like the JPEX incident, where an unlicensed crypto exchange triggered a significant fraud, Hong Kong authorities have persisted in their efforts to attract crypto entrepreneurs.
Over the weekend, the cryptocurrency market experienced a downturn, with Bitcoin and altcoins facing significant losses. However, the announcement of Hong Kong's approval for spot BTC and ETH ETFs coincided with a market-wide recovery rally.
Bitcoin recorded a 3.1% increase in the past 24 hours, while Ethereum saw a nearly 6% surge. Other altcoins, including Solana, also witnessed gains, with a 7.4% increase, possibly fueled by recent network updates aimed at tackling congestion.
The approval of spot crypto ETFs in Hong Kong not only underscores the city's commitment to fostering innovation in the cryptocurrency space but also provides a significant boost to investor confidence, driving a resurgence in bullish sentiments across the market.
1. #CryptoETFs
2. #HongKongCrypto
3. #BullishMarket
4. #BitcoinHalving
5. #CryptocurrencyRally
On Monday, Hong Kong announced the approval of several spot Bitcoin and Ethereum ETFs, reflecting the city-state's commitment to positioning itself as a prominent crypto hub in the region.
China Asset Management, a notable asset manager, disclosed that its Hong Kong division received the green light from the Hong Kong Securities and Futures Commission (SFC) to provide retail asset management services linked to spot crypto ETFs. Collaborating with OSL and BOCI International, the company is set to launch spot Bitcoin and Ethereum ETFs.
Harvest Global Investments also secured initial approval from the SFC for its two spot crypto ETFs, in partnership with OSL. The move aims to address concerns regarding high margin requirements.
Additionally, Bosera Asset Management, a Hong Kong-based unit of a major Chinese asset manager, and HashKey Capital have been approved by the SFC to jointly manage two spot crypto ETFs.
The approval from the SFC comes at a strategic time, just days ahead of the highly anticipated Bitcoin halving event, injecting further optimism into the cryptocurrency market.
Hong Kong has been actively competing with other global financial centers such as Singapore and Dubai to establish itself as a focal point for cryptocurrency companies. Despite setbacks like the JPEX incident, where an unlicensed crypto exchange triggered a significant fraud, Hong Kong authorities have persisted in their efforts to attract crypto entrepreneurs.
Over the weekend, the cryptocurrency market experienced a downturn, with Bitcoin and altcoins facing significant losses. However, the announcement of Hong Kong's approval for spot BTC and ETH ETFs coincided with a market-wide recovery rally.
Bitcoin recorded a 3.1% increase in the past 24 hours, while Ethereum saw a nearly 6% surge. Other altcoins, including Solana, also witnessed gains, with a 7.4% increase, possibly fueled by recent network updates aimed at tackling congestion.
The approval of spot crypto ETFs in Hong Kong not only underscores the city's commitment to fostering innovation in the cryptocurrency space but also provides a significant boost to investor confidence, driving a resurgence in bullish sentiments across the market.
1. #CryptoETFs
2. #HongKongCrypto
3. #BullishMarket
4. #BitcoinHalving
5. #CryptocurrencyRally
đđ° "Valkyrie Bitcoin Miners ETF rockets with a 261% return đđŒ, managing $24M funds," reports state. All top 10 best-performing ETFs of the year are crypto-related, says Bloomberg Intelligence analyst Athanasios Psarofagis.
#CryptoETFs #BTC #HighReturns đ«đ
#CryptoETFs #BTC #HighReturns đ«đ
đ Bernstein report: Grayscale's lawsuit win enhances potential for BTC spot ETF launch after SEC denial. đ Analyst Gautam Chhugani explains groundwork for equal treatment with other ETF applicants. đ€ïž GBTC-ETF conversion not immediate, but progress set. đ Previous prediction: Bitcoin spot ETF could reach 10% of market cap in 2-3 years. â SEC to announce Bitwise's ETF review results on Sept 1-3. đïžđïž #CryptoETFs #SECReview #BitcoinWorld đđ
đ
đ Ethereum (ETH) futures ETF approval forecasts! đŒđ± Bloomberg analyst James Seyffart predicts Valkyrie Investments' ETH futures ETF could get the nod around October 3-4. Volatility Shares' application is eyed for launch approval on October 12. đđ Roundhill Investments' ETH futures ETF, with a low 0.19% management fee, stands out against ProShares' 0.95% BTC futures ETF fee. A dynamic shift in ETF landscape starts! đĄđ #ETHFuturesETFApproval #CryptoETFs #InvestmentInsights
Taiwan to Consider Crypto ETFs Based on Global Trends and Regulatory Development
Taiwanâs Financial Supervisory Commission (FSC) is exploring the possibility of introducing cryptocurrency exchange-traded funds (ETFs).
The FSC revealed that it is closely studying foreign cryptocurrency futures products and ETFs. The intention is to gradually ease restrictions in alignment with global market conditions, FSC revealed to local media.
The context of this exploration coincides with several significant global developments. The Federal Reserveâs decision to cut interest rates and the upcoming review by the U.S. Securities and Exchange Commission (SEC) of the Bitcoin spot ETF in January next year have added to the momentum. The anticipation around the Bitcoin halving in April, contributing to a 150% surge this year.
The FSC recognizes the potential impact of a Bitcoin index stock fund, contingent on SEC approval and subsequent public investment permission. Taiwanâs domestic investment banks, attuned to these advancements, have expressed longstanding interest in introducing similar products.
The FSC draws parallels with global counterparts, pointing out the proliferation of cryptocurrency futures products and ETFs in various markets.
The FSC acknowledged that Canadaâs Toronto Stock Exchange, Cboe Australia Exchange, and major U.S. exchanges have listed or are in the process of listing various crypto ETFs.
The FSC emphasized a phased approach based on self-discipline and standards for relaxing regulations around crypto ETFs.
As Taiwan contemplates this significant stride into the cryptocurrency ETF domain, industry players are cautiously optimistic. While some considered private placements for overseas cryptocurrency ETFs, challenges such as tightened regulatory supervision and concerns over errors and price lags led to reconsideration.
#Taiwan #ETFTrends #CryptoETFs #BinanceTournament #CryptoScoop
$BTC $ETH $XRP
Taiwanâs Financial Supervisory Commission (FSC) is exploring the possibility of introducing cryptocurrency exchange-traded funds (ETFs).
The FSC revealed that it is closely studying foreign cryptocurrency futures products and ETFs. The intention is to gradually ease restrictions in alignment with global market conditions, FSC revealed to local media.
The context of this exploration coincides with several significant global developments. The Federal Reserveâs decision to cut interest rates and the upcoming review by the U.S. Securities and Exchange Commission (SEC) of the Bitcoin spot ETF in January next year have added to the momentum. The anticipation around the Bitcoin halving in April, contributing to a 150% surge this year.
The FSC recognizes the potential impact of a Bitcoin index stock fund, contingent on SEC approval and subsequent public investment permission. Taiwanâs domestic investment banks, attuned to these advancements, have expressed longstanding interest in introducing similar products.
The FSC draws parallels with global counterparts, pointing out the proliferation of cryptocurrency futures products and ETFs in various markets.
The FSC acknowledged that Canadaâs Toronto Stock Exchange, Cboe Australia Exchange, and major U.S. exchanges have listed or are in the process of listing various crypto ETFs.
The FSC emphasized a phased approach based on self-discipline and standards for relaxing regulations around crypto ETFs.
As Taiwan contemplates this significant stride into the cryptocurrency ETF domain, industry players are cautiously optimistic. While some considered private placements for overseas cryptocurrency ETFs, challenges such as tightened regulatory supervision and concerns over errors and price lags led to reconsideration.
#Taiwan #ETFTrends #CryptoETFs #BinanceTournament #CryptoScoop
$BTC $ETH $XRP
đ Bloomberg analyst James Seyffart comments on the SEC's first response deadline for cryptocurrency ETF applications, describing it as a predictable event. đđȘ #CryptoETFs
đš Hold onto your hats, crypto enthusiasts! đš Two US Democratic senators, Jack Reed and Laphonza Butler, are shaking up the crypto world by urging SEC chair Gary Gensler to slam the brakes on any further crypto-based spot exchange-traded funds (ETFs). đŒđ„ Citing "enormous risks" to retail investors, these senators are sounding the alarm bells and calling for protection against the volatile crypto investment landscape. đđ°
In a bold move, Reed and Butler penned a letter to Gensler, imploring him to shield investors from the perceived dangers of crypto ETFs. đ They argue that the SEC's green light on Bitcoin ETFs in January opened the floodgates for Wall Street to peddle risky crypto investments to everyday Americans. đ± Now, with the possibility of Ethereum (ETH), Solana (SOL), and XRP ETFs on the horizon, the senators fear an even greater storm brewing in the crypto markets. đȘïžđž
But wait, there's more! Coinbase's chief legal officer, Paul Grewal, isn't pulling any punches in his rebuttal to the senators' claims. đ„ In a fiery retort, Grewal argues that Ethereum's spot market boasts quality metrics that rival even the largest traded equities. đđ He points out that ETH's liquidity and correlation with Bitcoin make it a prime candidate for a spot ETF, challenging the senators' assertions of vulnerability and misconduct. đđŒ
As tensions escalate and the debate rages on, it's clear that the battle over crypto ETFs is far from over. đĄïž Will the SEC heed the senators' warning and slam the door shut on further ETF approvals, or will the crypto market continue its march toward mainstream adoption? Only time will tell! âłđ #CryptoETFs #SEC #RegulationDebate đđ
In a bold move, Reed and Butler penned a letter to Gensler, imploring him to shield investors from the perceived dangers of crypto ETFs. đ They argue that the SEC's green light on Bitcoin ETFs in January opened the floodgates for Wall Street to peddle risky crypto investments to everyday Americans. đ± Now, with the possibility of Ethereum (ETH), Solana (SOL), and XRP ETFs on the horizon, the senators fear an even greater storm brewing in the crypto markets. đȘïžđž
But wait, there's more! Coinbase's chief legal officer, Paul Grewal, isn't pulling any punches in his rebuttal to the senators' claims. đ„ In a fiery retort, Grewal argues that Ethereum's spot market boasts quality metrics that rival even the largest traded equities. đđ He points out that ETH's liquidity and correlation with Bitcoin make it a prime candidate for a spot ETF, challenging the senators' assertions of vulnerability and misconduct. đđŒ
As tensions escalate and the debate rages on, it's clear that the battle over crypto ETFs is far from over. đĄïž Will the SEC heed the senators' warning and slam the door shut on further ETF approvals, or will the crypto market continue its march toward mainstream adoption? Only time will tell! âłđ #CryptoETFs #SEC #RegulationDebate đđ
Ethereum and XRP ETF Approval đđ
Gensler's Vote Holds the Key: The Cryptic Path to Ethereum and XRP ETF Approval
In the ever-evolving crypto space, the recent green light for Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) marked a milestone. However, the lingering question remains â will Ethereum and XRP ETFs follow suit? Let's unravel the intricacies that lie within SEC Chair Gary Gensler's decisive vote. đ§đŒ
Gensler's Decisive Role:
The recent approval for Bitcoin spot ETFs saw a split decision among the SEC commissioners, with Gensler being one of the key players in favor. Notorious for his cautious stance on crypto, Gensler's vote holds significant weight in the approval process.
Pro-Crypto Lawyer's Insight:
Renowned pro-crypto lawyer Bill Morgan sheds light on the uncertainty surrounding future crypto ETFs. In a recent statement, Morgan emphasized the pivotal role Gensler plays in the fate of Ethereum and XRP ETFs. "You need a vote from Gary Gensler to approve a spot Ethereum or XRP ETF. Let that sink in," Morgan remarked, underscoring the critical nature of Gensler's stance.
Gensler's Reluctant Approval:
On-chain sleuth Mr. Huber pointed out that Gensler's approval for Bitcoin spot ETFs was not without reservations. Despite legal setbacks, Gensler voted for approval, acknowledging the agency's failure to adequately explain its reasoning in a past court battle with Grayscale.
Ethereum and XRP on the Horizon:
The SEC is expected to announce its decision on Ethereum spot ETFs in May 2024. While no official XRP spot ETF application has been submitted, the crypto community speculates its inevitability.
As the crypto community awaits the SEC's verdict, Gensler's role emerges as a pivotal factor. The path to Ethereum and XRP ETF approval hangs in the balance, guided by Gensler's decisions.
Stay tuned for updates on this cryptic journey! đđ
Like, share, and follow @MemeLauncher for more insights into the fascinating world of crypto!
#CryptoETFs #GenslerVote #Ethereum #XRPFutures #ETH-ETF
Gensler's Vote Holds the Key: The Cryptic Path to Ethereum and XRP ETF Approval
In the ever-evolving crypto space, the recent green light for Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) marked a milestone. However, the lingering question remains â will Ethereum and XRP ETFs follow suit? Let's unravel the intricacies that lie within SEC Chair Gary Gensler's decisive vote. đ§đŒ
Gensler's Decisive Role:
The recent approval for Bitcoin spot ETFs saw a split decision among the SEC commissioners, with Gensler being one of the key players in favor. Notorious for his cautious stance on crypto, Gensler's vote holds significant weight in the approval process.
Pro-Crypto Lawyer's Insight:
Renowned pro-crypto lawyer Bill Morgan sheds light on the uncertainty surrounding future crypto ETFs. In a recent statement, Morgan emphasized the pivotal role Gensler plays in the fate of Ethereum and XRP ETFs. "You need a vote from Gary Gensler to approve a spot Ethereum or XRP ETF. Let that sink in," Morgan remarked, underscoring the critical nature of Gensler's stance.
Gensler's Reluctant Approval:
On-chain sleuth Mr. Huber pointed out that Gensler's approval for Bitcoin spot ETFs was not without reservations. Despite legal setbacks, Gensler voted for approval, acknowledging the agency's failure to adequately explain its reasoning in a past court battle with Grayscale.
Ethereum and XRP on the Horizon:
The SEC is expected to announce its decision on Ethereum spot ETFs in May 2024. While no official XRP spot ETF application has been submitted, the crypto community speculates its inevitability.
As the crypto community awaits the SEC's verdict, Gensler's role emerges as a pivotal factor. The path to Ethereum and XRP ETF approval hangs in the balance, guided by Gensler's decisions.
Stay tuned for updates on this cryptic journey! đđ
Like, share, and follow @MemeLauncher for more insights into the fascinating world of crypto!
#CryptoETFs #GenslerVote #Ethereum #XRPFutures #ETH-ETF
đ° FT suggests Bitcoin spot ETFs gain more value as an 'imaginary issue,' comparing crypto market dynamics to 'Candyman'; skepticism around their real impact, with potential overshadowing by Bitcoin halving next year. #bitcoinworld #CryptoETFs
"đ Exciting news from Decrypt! đ Fred Thiel, CEO of Marathon Digital Holdings, predicts SEC approval for Ethereum futures ETFs, possibly paving the way for Bitcoin spot ETF đđ Thiel estimates over 50% chance of Bitcoin ETF approval! đ #BitcoinWorld #CryptoETFs #EthereumFutures"
đđ Raoul Pal of Real Vision predicts that spot BTC and ETH ETFs will gradually boost prices, likening their impact to a halving event. He emphasizes the ongoing nature of the Bitcoin ETF's impact, not a one-time event. Regulatory clarity is a hurdle for institutional entry, but spot ETFs may provide protection, attracting substantial institutional funds and driving asset price surges. đŒđ #CryptoETFs #InstitutionalInvestment #BitcoinWorld đđč
SEC Chairman Gary Gensler, speaking at the MIT Bitcoin Expo in 2019, noted the inconsistency in regulators' attitudes regarding Bitcoin and Ethereum futures ETFs versus Bitcoin spot ETFs. The SEC had rejected Bitcoin spot ETF proposals since 2017 and cited concerns about safeguards. This has led to criticism and calls for a change in approach. đ«đ #SECChairman #CryptoETFs
đŒ CBOE's Expansion Plans! đđ Edward Tilly, CEO of CBOE, discusses growth strategies in an interview with Bloomberg TV. He highlights intentions to pursue mergers, acquisitions, and global market expansion, focusing on competitive arenas. This is seen as an ongoing push to bolster overseas markets and enhance cryptocurrency operations since 2021. Tilly also sheds light on CBOE's Bitcoin (BTC) spot ETF application with major players like Fidelity, citing the need to democratize crypto investments via ETFs. đđ° #CBOEExpansion #CryptoETFs #BitcoinWorld
đŒ Rob Strebel, Head of Relationship Management at Cumberland DRW, reveals preparations for a Bitcoin spot ETF, expressing confidence in the market's efficiency to handle billion-dollar orders, citing issuer and regulator confidence in liquidity. đđ° #CryptoETFs