Chain News by Thebittimes.Com

Analysts opined that the U.S. SEC would likely approve spot BTC ETFs in early January 2024, with eyes on the deadline for a decision on ARK Invest’s application.  ETF expert Nate Geraci surmised that the final response date for ARK Invest’s joint filing with 21Shares for a spot Bitcoin (BTC) ETF further strengthens predictions of approval within the first two weeks of January 2024. The Securities and Exchange Commission (SEC) has until Jan. 10 to decide whether to accept or deny ARK Invest’s bid. Geraci speculated that this hints at a potential green light from the SEC since the first spot BTC ETF was filed 125 months ago.  Today = T-minus *1 month* until potential spot bitcoin ETF approval… ARK deadline date = 1/10/24 First spot bitcoin ETF filed *125 months* ago. 125 months. — Nate Geraci (@NateGeraci) December 11, 2023 As reported by crypto.news, discussions between issuers like BlackRock and the SEC moved into their final stages, with both parties reportedly n...

21Shares & Cathie Wood Launch Bitcoin ETF According to a Bloomberg report, a previously filed ETF called “ARK 21Shares Bitcoin” (ARKB) that mirrors Bitcoin’s price as determined by the S&P Bitcoin Index is being brought back to life by 21Shares. The application comes at a time when there is widespread opposition to such funds from the US regulatory community. Both of 21Shares’ applications for the product, the first one in 2021 and the second one in May of this year, were among the dozens of applications that were denied by the United States Securities and Exchange Commission. advertisement Read More: Binance Hits Snag As New China-Link Emerges; Are US Customers In Trouble? According to Hany Rashwan, the chief executive officer & co-founder of 21Shares, the distinctive selling point of their Bitcoin ETF is of the utmost importance given to “investor protection through and through.” While speaking about the new part...

Ark Invest has been on a buying spree of late. On Tuesday, Cathie Wood ’s investment firm reportedly bought 33,756 Coinbase shares. Based on the press time price of COIN, the purchase was approximately worth $1.4592 million. Coinbase’s share price had consistently been creating new lows over the past few months. After closing around rock bottom in 2022, it further stooped to $31.59 in the first week of January. However, as the crypto market noted a recovery this week, Coinbase tagged along. Over the past five days, COIN has risen in value by almost 22%. Source: Google Finance Shares from Ark’s latest purchase were allotted to the ARK Innovation ETF (ARKK) fund. Prior to the aforementioned buy, Ark added 172.2k shares of Coinbase to two of its funds, ARKF and ARKW, on January 5. Source: Cathie’s Ark At the moment, Ark holds around 8.596 million COIN shares in its ARKK, ARKW, and ARKF funds. They together account for 2.92% of the firm’s total investmen...