The Latest Breaking News from ETF

Issuers including Fidelity and Galaxy are jockeying for position to gain an early advantage in the Bitcoin race.

Bitcion began the new year by breaking out to almost $46,000 after remaining stuck in a narrow band for most of the previous two weeks.

Big names like Fidelity listed the prices they will charge for their impending Bitcoin ETFs—and they are lower than expected.

One of the possible explanations behind the sudden surge in the value of Bitcoin may be linked to the swelling hype surrounding the imminent approval of some spot Bitcoin ETF proposals of several Wall Street giants, which is anticipated to be announced by the SEC this week.

It was reported last week that the SEC may inform hopeful issuers this Tuesday or Wednesday whether they are cleared to launch their spot Bitcoin ETF.

The naming of the AP could be tricky, according to an ETF analyst because the SEC not only wants them identified in the documents but requires issuers to make the AP the underwriter of the spot Bitcoin ETF.

Dimon made headlines last month when he vocally criticized Bitcoin, the world's largest crypto asset by market capitalization, saying he would "close down" BTC if he was the one running the U.S. government as the crypto asset, along with other cryptocurrencies, is used by criminals.

Bitwise, one of the aspiring companies in the race, has recently submitted its updated S-1 Form, revealing its planned $200 million seed investment for its spot BTC offering.

After a big 2023, the market rally looks strong heading into 2024. Tesla deliveries are due after key rivals reported.

Blackrock recently launched ETFs that make it easier to invest in TIPS and build a bond ladder.

Cryptocurrency prices have been on the rise after the so-called “crypto winter” deepened by the collapse of the FTX exchange in 2022. Bitcoin is up more than 150% year-to-date, mainly strengthened by optimism for a spot bitcoin ETF. As this year’s crypto recovery paves the way for a promising 2024,…