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Once the investment giant Fidelity files for a spot Bitcoin ETF with the US SEC, it will be the second time following the dismissal of the first one two years ago. The heightened Bitcoin demand by institutional investors has pushed asset investment firms to file for an exchange-traded fund (ETF) with
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Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, says Bloomberg’s senior ETF analyst Eric Balchunas. Balchunas’ prediction comes following an observation made by Elliott Stein, a senior litigation analyst for Bloomberg Intelligence, who now pegs the chances of Grayscale winning
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The ETF saw $500 million worth of trades in the first 15 minutes. Source
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Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC. Source
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Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation.BTC/USD 1-hour chart. Source: TradingView$31,000 returns amid Fidelity Bitcoin ETF rumorData from Cointelegraph Markets Pro and TradingView showed BTC price action edging higher after holding $30,000 support.The start of U.S. trading saw fresh
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ARK Investment Management, a pro-Bitcoin (BTC) firm founded by veteran investor Cathie Wood, is reportedly ahead in the race for a spot BTC exchange-traded fund (ETF).In mid-June, the investment firm BlackRock filed an application for a spot Bitcoin ETF, triggering notable optimism in cryptocurrency markets.Several reports suggested that BlackRock could
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In conjunction with its decision to allow Bitcoin and Ethereum ETF trading, HSBC has launched the Virtual Asset Investor Education Centre. HSBC Holdings plc (LON: HSBA), the largest bank in Hong Kong, has made history by becoming the first bank in the region to offer crypto trading services to its customers. As
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As per Bernstein research, there is the “headroom for a compliant ETF to grow its share as a bitcoin on-ramp solving the pain of custody”. In its latest research report on Monday, June 26, private wealth management giant Bernstein stated that Grayscale‘s dominant position in the crypto market could be under
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The largest bitcoin (BTC) asset management product is Grayscale, which runs a $19 billion BTC trust (GBTC), but its dominant position may be under threat following news that investment giant Blackrock (BLK) has filed for a spot bitcoin exchange-traded-fund (ETF) in the U.S., Bernstein said in a research report Monday. Source
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