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An altcoin season could take off later this year, driven by the SEC’s expected approval of ETFs for smaller-cap tokens and a rebound in Bitcoin ETF inflows. That’s according to researchers at Bitfinex, who said in research note that such a “rising tide lifts all boats’ environment” is poised for later in the year. Once new crypto ETFs and Bitcoin ETFS start to gain momentum, they are likely to generate sustained demand, the researchers said, adding that this would create the conditions “for a broader re-rating across the digital asset complex.”  That’s as US spot Bitcoin ETFs ended a multi-day outflows streak with $219.1 million inflows on Aug. 25, data from Farside Investors shows. Prior to these positive flows, the funds had posted net daily outflows every day last week. US spot Bitcoin ETF flows (Source: Farside Investors)  The biggest withdrawals for that period happened on Aug. 19, when investors pulled $523.3 mi...

Trump Media & Technology Group (TMTG) , the company majority-owned by US president Donald Trump and operator of the Truth Social platform , has lodged both a Form S-1 registration statement and a supporting Form 19b-4 with the US Securities and Exchange Commission (SEC) seeking permission to launch the “Truth Social Bitcoin ETF”. If cleared, the fund would hold bitcoin directly and list on NYSE Arca, giving retail investors regulated exposure to the cryptocurrency without handling private keys. Details of the application The filing, dated 5 June 2025, appoints Yorkville America Digital as sponsor and names Crypto.com as the exclusive custodian, prime execution agent and liquidity provider. The trust will issue redeemable shares backed one-for-one by bitcoin stored in institutional-grade cold wallets. Management fees and redemption procedures have yet to be finalised, but the prospectus notes that shareholders will not receive assets derived from potential net...

1. Hong Kong SFC: More Platform Licenses Will Be Approved This Month, and Custody and OTC Services Are Being Explored link Since the implementation of the Virtual Asset Trading Platform (VATP) licensing system by the Hong Kong Securities and Futures Commission (SFC) in June 2023, a total of 9 licenses have been issued, and there are currently 9 platforms awaiting approval. Leung Fung-yee, Chief Executive Officer of the SFC, said that more platforms will obtain licenses this month and plans to establish an official advisory group for all licensed VATPs in the short term to formulate a development roadmap for virtual assets. The SFC also plans to launch the second round of consultation on the regulation of over-the-counter (OTC) trading and custodial services for virtual assets, and is expected to formulate a more explicit regulatory framework for the OTC market and related services. 2. The Nantong Court in Jiangsu Province, China, Has Ruled that Virtual Currency Loan Contracts Are Inval...

Bitcoin ETF options have been approved by the SEC, and this is a significant development for BlackRock’s BTC ETF. This decision allows Nasdaq’s International Securities Exchange to list and trade options on the iShares Bitcoin Trust (IBIT), which could potentially reshaping Bitcoin investment strategies. Also Read: US Stock: Trending Share To Buy In September Per Market Experts Unlocking the Future: BlackRock BTC ETF, SEC Approval, and Smart Bitcoin Investments SEC Greenlights Bitcoin ETF Options The U.S. Securities and Exchange Commission has given the go-ahead for options trading on BlackRock’s widely-traded Bitcoin exchange-traded fund. This useful approval follows after months of anticipation since BlackRock’s posted their request in March of 2024. Fed-Induced Bitcoin Rally The image shows Bitcoin’s price movement against its 200-day moving average from September 2023 to September 2024. We can see a significant rally forming, with Bitcoin testing the 20...

Crypto-linked investment products experienced the second-largest inflow of 2024 last week, amounting to $708 million, nearly 99% of which came from Bitcoin.  The U.S. market recorded $721 million in inflows , with the fresh ETFs alone gathering $1.7 billion. According to CoinShares research, spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, culminating in a total of $7.7 billion since their approval.  Bitcoin ETFs have maintained an average inflow of $1.9 billion over the last four weeks, reaching a cumulative $7.7 billion since they were first introduced in the second week of January. Despite this surge, there has been a $6 billion withdrawal from established funds, including Grayscale and ProShares. However, recent data indicates a noticeable slowdown in these outflows. You might also like: Solana network usage hits all-time high; will SOL price reach $120? Bitcoin ETF investment inflow chart | Source: CoinShares ...

In what is a testament to the prevalence of the newly approved investment vehicles, Spot Bitcoin ETF s in the US hold 3.3% of the current BTC supply. Indeed, the development notes what is a massive shift in Bitcoin dynamics. Less than a month into its existence, the products have signified a growing interest in institutional Bitcoin investment. Moreover, the investment products had ended the month of January with $197 million in net inflows into Spot Bitcoin ETF s. Subsequently, that was the fourth consecutive day of net inflows for the product that received its approval just 10 days into the new year. JUST IN: Spot # Bitcoin ETF s hold 3.3% of the current BTC supply. — Watcher.Guru (@WatcherGuru) February 1, 2024 Also Read: How Does Bitcoin EFT Approval Affect the Crypto Space? Spot Bitcoin ETFs Already Hold Over 3% of All Bitcoin Throughout the last several months of 2023, the anticipation for Spot Bitcoin ETFs in the United States reached a fever pitch. As the y...

According to reports from Bloomberg Intelligence, Grayscale’s Bitcoin ETF has experienced significant withdrawals, amounting to approximately $579 million.  The magnitude of this withdrawal is notable in the context of the broader market for Bitcoin ETFs. Contrastingly, other spot Bitcoin ETFs have attracted nearly $819 million in investments. This stark divergence in investor behavior underscores a critical assessment of the Grayscale Bitcoin ETF’s performance post-SEC approval. Initial enthusiasm, marked by a trading volume of over $2.3 billion on the ETF’s inaugural day, has cooled, with these outflow s suggesting a shift in investor sentiment. You might also like: Cantor Fitzgerald CEO confirms Tether’s legitimate $86b assets The withdrawal trend from the Grayscale ETF aligns with previous projections by analysts, which anticipated over $1 billion being pulled from the fund in the ensuing weeks. A contributing factor to this outflow could be the fund...

The financial sector is abuzz, with a prominent Bloomberg analyst suggesting a Bitcoin ETF approval is just hours away. Senior ETF Analyst at Bloomberg, Eric Balchunas, took to X with a bold prediction, suggesting that the approval for a Bitcoin ETF will be announced later today . Although the approval has not been finalized, Balchunas indicated that all systems are set for an affirmative decision, likely between 4-6 p.m. EST, in time for the trading starting on Thursday. Happy ETF Approval Day (for real this time) to all those who celebrate.. as far as we know it's ALL SYSTEMS GO. Most likely is we see formal approvals ballpark 4-6pm today with the Derby starting on Thursday. We are ready at Bloomberg, getting DES pages up as we speak. pic.twitter.com/sh8aoYypdg — Eric Balchunas (@EricBalchunas) January 10, 2024 You might also like: Bitcoin ETF speculations reach fever pitch, Solana falls as Pushd gains in presale Bloomberg is already preparing for this pote...

QCP Capital suggests this muted reaction to false spot Bitcoin ETF approval signals a potential that the event is already priced-in, highlighting Ethereum as a ‘laggard play.’ In a Telegram post on Jan. 10, analysts at Singapore-based QCP Capital addressed the recent false approval of a spot Bitcoin ETF published on the U.S. Securities and Exchange Commission’s X account, saying that failure to break through the resistance area after the news broke might be considered as a signal that a potential ETF approval “mostly priced in.” Analysts at QCP Capital noted that amid the uncertainty, attention is now turning to Ethereum (ETH) as a potential laggard play, given that the performance of the ETH/BTC cross, which briefly dipped below the Jun. 22 low before rebounding above the 0.051 support, supports this notion. “Options vols are also elevated now due to the ETF news event, and we expect vols to move lower and normalize once an ETF approval is ...

BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF reject ions as there are still issues to be resolved. Although the crypto market is seeing signs that a spot Bitcoin (BTC) exchange-traded fund (ETF) will finally be approved somewhat in the near future, BitGo CEO Mike Belshe thinks the industry should prepare for yet another round of reject ions by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Belshe, who runs qualified crypto custodian in the U.S., noted that he’s optimistic about the eventual outcome for Bitcoin ETFs, but noted that the market structure still appears to be the main question, which remains unresolved. Belshe particularly noted that prior to FTX’s collapse, disgraced founder Sam Bankman-Fried was attempting to persuade U.S. regulators to follow his vision of how the regulatory framework for the crypto industry should look like. That bet did not pay off for Bankman-Fried, who ...

Bitcoin reached the $36,780 mark as analysts say the SEC has entered a window to approve all the current applications for spot Bitcoin ETFs. Although the crypto market expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, 2024, there’s still a possibility the watchdog might do it even earlier. New Research note from me today . We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals . But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur pic.twitter.com/u6dBva1ytD — James Seyffart (@JSeyff) November 8, 2023 In an X post on Nov. 8, Bloomberg Intelligence Research James Seyffart noted that the SEC has entered a brief eight-day window to approve all 12 spot Bitcoin ETFs, including the one submitted by Grayscale Investments. Bitcoin price | Source: crypto.news Amid the news, Bitcoin price surged by 5%, s...

Crypto prices are rallying, with Bitcoin (BTC) rising more than 5% to near $30k. Total market cap is up more than 4% to $1.17 trillion, with over $46 billion added in the past 24 hours. Ethereum and XRP have also spiked, above $1,600 and $0.52 respectively as ETF talk and Ripple news buoy markets. The global cryptocurrency market capitalization is up 4.6% to above $1.17 trillion, with about $46.5 billion added to the crypto market cap in the past 24 hours. The global 24-hour trading volume was about $88 billion, according to data from market aggregator CoinGecko. Why are crypto prices rising? A spike in crypto prices today is the reason behind the uptick in the total cryptocurrency market cap. As can be seen in the heatmap below, the upward trend for Bitcoin (BTC) and across the altcoin market, has fueled the jump in total market cap. Crypto market heatmap. Source: Coin360 The injection of volatility in the sector is likely the flip in sentiment am...

Coinbase shares soar 15% as U.S. federal court ruling favors Grayscale’s Bitcoin ETF, signaling a transformative moment for the crypto industry. Coinbase Global Inc. shares saw a massive spike following Grayscale’s victory over the SEC, paving the way for the inaugural Bitcoin exchange-traded fund (ETF) in the United States. This is due to the fact that Coinbase is a custodial partner in several pending Bitcoin ETF applications. The exchange’s stocks rallied by over 15% since the Federal court’s ruling, while Bitcoin mining companies like Marathon Digital and Riot Platforms also recorded substantial gains, 24% and 15%, respectively. THIS JUST IN: The D.C. Circuit ruled 3-0 in favor of Grayscale and $GBTC. This is a monumental step forward for all who have been advocating for Bitcoin exposure through the added protections of the ETF wrapper. Read the decision: https://t.co/ulAtcsad2G pic.twitter.com/BNZABvM7tw — Grayscale (@Grayscale) August 29, 2023 You might al...

Also Read: FOMC Minutes: Fed Sees “No Recession In 2023”; Bitcoin Rally Began? advertisement Better Markets, an independent organization, argued that the SEC should disapprove the proposed rule change to allow spot ETF. The organization said the spot bitcoin markets have a history of artificially inflated trading volumes owing to manipulation. It also said in the comment: “The concentrated nature of the spot Bitcoin market and the heavy reliance on a select group of individuals and entities to maintain its network threatens a myriad of other harms.” Gary Gensler & Others Shared Testimonial On Better Markets The organization’s website shows that Gensler, along with anti-crypto Senator Elizabeth Warren, shared testimonials for the website. Matt Walsh indicated that both share interests in supporting the organization. It remains to be seen if this amounts to being a breach of law. Stating that the SEC chair had met Better M...

Bitcoin ETF s have gained popularity recently. Large asset managers, including BlackRock and Fidelity, recently filed for Bitcoin ETF s. Additionally, both utilized Coinbase in their SSA proposals. That’s not all; according to the latest report, crypto asset manager Valkyrie also filed for a spot bitcoin ETF. The surge in filings also comes at a time when there is regulatory uncertainty concerning cryptocurrencies in the US. Also read: Dogecoin’s Next Hurdle: Trader Anticipates 10-Cent Milestone However, according to recent revelations, Cathie Wood ’s ARK Invest seems to be at the forefront of the Bitcoin ETF race. Source: Barron’s ARK Invest could be the first issuer of a spot Bitcoin ETF According to Yassine Elmandjra, an analyst at ARK, both ARK, and 21Shares, a European asset manager, submitted an application for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC) in April. This development positions them as potential frontrun...