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“I am neither an attorney nor legal expert, but I don’t think there’s any scenario in which Grayscale will sell their bitcoin and dissolve their trusts, regardless of this lawsuit,” said Weisberger. “Even if DCG is forced to sell the trust, it would just come under operational management by a
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"If Tether’s market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoin’s price would rise to $42,000, representing a conservative estimate. With a larger influx of $50 billion (1% allocation from RIAs), Bitcoin could potentially rally to $56,000," Matrixport said. Source
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Matrixport’s analysis suggests that if Tether’s (USDT) market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoin’s price could rise to $42,000, representing a conservative estimate. A recent report from the crypto financial services platform Matrixport suggests that the approval of BlackRock’s Bitcoin Exchange Traded Fund
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Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares of Grayscale Bitcoin Trust on the New
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Bitcoin’s (BTC) price recently surged following fake news about a BTC ETF approval, according to one analyst this is an event with unexpectedly far-reaching consequences. In his video on Oct. 18th, popular crypto YouTuber Crypto Banter provided an in-depth analysis of how this fake news impacted the crypto market and what
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QCP Capital’s Q4 2023 forecast warns of volatility in Bitcoin and equities, citing macro factors and geopolitical tensions as key drivers while dismissing hopes for ETF approval. Singapore-based QCP Capital has issued a Q4 2023 forecast underscoring the uncertain landscape for Bitcoin (BTC) and equities. The firm indicated that Bitcoin’s price
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A fake report about BlackRock's spot BTC ETF approval Monday spurred a short-lived bitcoin rally to $30,000. Source
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Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval. The price of Bitcoin (BTC) hit $28,817 today in response to amendments to spot Bitcoin ETF applications submitted to the United States Securities and Exchange Commission (SEC). However, as of this
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Some analysts said the amendments show the U.S. Securities and Exchange Commission (SEC) is holding active discussions with related parties. Source
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CryptoQuant says that if the issuers that have applied to list bitcoin ETFs put 1% of their Assets Under Management (AUM) to these ETFs, approximately $155 billion could enter the bitcoin market. This represents almost a third of bitcoin's current market capitalization. Should this scenario take place, it would hypothetically
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