LATEST: The Great GBTC Gouge hit record -$640m on Monday, the Nine did their best to offset but fell short w/ a $553m haul. ROLLING NET FLOWS still healthy at +$1b but ongoing battle. The Nine now have a 20% share vs GBTC. Volume also remains very high for new launches in 2nd wk
*FIDELITY RETAIL TRADING APP SHOWS SOME PROSPECTIVE SPOT BITCOIN ETFS INCLUDING ARKB, HODL; NOT AVAILABLE TO TRADE YET, APPROVAL STILL PENDING - THE BLOCK PRO
JUST IN: Cboe approves the following Spot #Bitcoin ETFs for listing on its exchange, pending SEC approval:
• VanEck
• Fidelity
• Franklin
• ArkInvest
• Invesco Galaxy
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.
#BitcoinETF decision in less than a week.
A 1% chance of denial could see a dip to sub 30k.
However, with a much higher probability of approval, we're poised for an upward surge to 47-48k, or even higher.
Buckle up for a pivotal week in #crypto.
#BTC
The funding rate has undergone a complete reset, after experiencing two significant long position flushes.
This shake-up could pave the way for a smoother climb to higher prices, with fewer obstacles in our path.
#BTC
The funding rate has undergone a complete reset, after experiencing two significant long position flushes.
This shake-up could pave the way for a smoother climb to higher prices, with fewer obstacles in our path.
#BitcoinETF decision in less than a week.
A 1% chance of denial could see a dip to sub 30k.
However, with a much higher probability of approval, we're poised for an upward surge to 47-48k, or even higher.
Buckle up for a pivotal week in #crypto.
#Bitcoin
The final deadline for the Spot #BitcoinETF on Jan 10 is unique to ARK 21 Shares.
Possible scenarios:
1️⃣ SEC approves all #BitcoinETF
2️⃣ SEC approves #BTC ETF for ARK 21 Shares, delaying other ETFs
3️⃣ SEC denies ARK 21 Shares, leading to delays in other approvals
#BTC
2024📈
Starting the year with a #Bitcoin rally to new highs!
Anticipating a push towards $48-51K with potential resistance ahead.
Do you think the #BitcoinETF will be approved or denied in January ?