CF Benchmarks’ Post

📊 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸: 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗘𝗧𝗙 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗯𝘆 𝗠𝗮𝘆 𝟯𝟭? This week’s chart focuses on the probability of an #Ethereum #ETF receiving approval by May 31st. According to Polymarket, the current market prediction sits around 69%, highlighting the decent likelihood of such an approval before month’s end. Bloomberg ETF analysts raised their odds of Spot Ethereum ETF from 25% to 75%, after the #SEC asked exchanges to update 19B-4 filings on an accelerated basis for Spot Ethereum ETFs. The potential approval of an Ethereum ETF could be a significant milestone, offering traditional investors a convenient and regulated way to gain exposure to the world’s second-largest cryptocurrency in US. However, it’s important to remember that some regulatory hurdles remain, and the SEC’s final decision will determine whether this optimistic outlook becomes reality.

Thank you CNA for giving me the opportunity to share my insights on the bitcoin ETF. I firmly believe that the introduction of a bitcoin ETF is a pivotal moment for digital assets and the overall convergence between traditional financial markets and the digital space. In the long run, this development will bring about significant positive impacts. By bridging the gap between traditional finance and the emerging digital market, we can expect a heightened level of efficiency and productivity in the financial ecosystem. The introduction of a bitcoin ETF has the potential to unlock tremendous opportunities for both individual and institutional investors, allowing them to access the benefits of digital assets through regulated channels. This not only fosters mainstream adoption but also opens new doors for innovation and growth.

In a recent interview at the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. Although he did not provide a specific timeline, he highlighted that the focus is on asset managers making full disclosures for their registration statements to go effective. Gensler emphasized that the process remains smooth, with some expert analysts predicting a go-live date of July 2. All crypto community members are eagerly awaiting the start of trading for the Ethereum Spot ETF, which was approved on May 23. After the cryptocurrency dump connected to Mt. Gox, the community needs some belief and trust to wait for and believe in. Fortunately, the process is progressing smoothly, and we have nothing to fear. No FUD, guys—keep building! Analysts believe that Mt. Gox repayments, starting in July, won't be as detrimental to Bitcoin as anticipated, though they might spell trouble for Bitcoin Cash. Let’s wait and see! #Ethereum #ETF #Crypto #Blockchain #GaryGensler #SEC #Investment #Finance #BlackRock #VanEck #MtGox #Bitcoin #CryptoCommunity

US asset managers remain optimistic about the possibility of trading spot bitcoin ETFs US asset managers remain optimistic about the possibility of trading spot bitcoin ETFs, despite a recent fake post on the SEC's social media account that caused confusion. The SEC is set to decide on Wednesday whether to approve an application from Ark Investments and 21Shares to launch a spot bitcoin ETF, as well as over a dozen other pending applications from major asset managers, including BlackRock, Fidelity and VanEck, according to Reuters. https://bit.ly/3TVlbpz If approved, these products could revolutionize the cryptocurrency industry, providing both institutional and retail investors exposure to bitcoin without having to hold it directly. While the recent fake post that all the products had been approved, caused some concern, industry insiders still believe the SEC will approve many of these applications. The agency has not commented on its upcoming decision, but it's clear that the potential for spot bitcoin ETFs has created significant excitement in the industry. Picture credit: picjumbo #bitcoin #ether #fintechnews #cryptocurrencynews #etf #blackrock #fidelity #vaneck #sec

US asset managers remain optimistic about the possibility of trading spot bitcoin ETFs US asset managers remain optimistic about the possibility of trading spot bitcoin ETFs, despite a recent fake post on the SEC's social media account that caused confusion. The SEC is set to decide on Wednesday whether to approve an application from Ark Investments and 21Shares to launch a spot bitcoin ETF, as well as over a dozen other pending applications from major asset managers, including BlackRock, Fidelity and VanEck, according to Reuters. https://bit.ly/3TVlbpz If approved, these products could revolutionize the cryptocurrency industry, providing both institutional and retail investors exposure to bitcoin without having to hold it directly. While the recent fake post that all the products had been approved, caused some concern, industry insiders still believe the SEC will approve many of these applications. The agency has not commented on its upcoming decision, but it's clear that the potential for spot bitcoin ETFs has created significant excitement in the industry. Picture credit: picjumbo #bitcoin #ether #fintechnews #cryptocurrencynews #etf #blackrock #fidelity #vaneck #sec

All signs point to a bitcoin ETF approval by the end of January. But what happens if one isn't approved? We take a look 👇 https://lnkd.in/gqVehnXB #bitcoinetf #spotbitcoinetf #exhangetradedfund #analysis #cryptonews #btc #markets #cryptomarkets

🚀 Exciting News! The US Securities and Exchange Commission (SEC) has given the green light to all Bitcoin spot ETFs in a historic decision - Wednesday, January 10. The approval for the eagerly awaited financial instruments, as officially announced, has set the cryptocurrency industry abuzz with excitement. 💼 Bitcoin spot ETFs approved! Surprisingly, the US SEC has approved the 11 spot ETF applications submitted by major industry players such as Grayscale, Bitwise, Hashdex, Valkyrie, Ark 21Shares, Invesco, Fidelity, and others. 📈 This decision follows months of intense industry lobbying and a recent surge in amended 19b-4 filings, indicating the growing pressure on the SEC to take decisive action. 🌐 The approval marks a significant shift, opening direct access to Bitcoin through ETFs for millions of institutional and retail investors who previously had limited options. #Bitcoin #ETF #SECApproval

The cryptocurrency sector is pervaded with optimism about the imminent approval of the first spot #ETF on #Bitcoin by the #SEC, expected by Jan. 10.  This week represents a critical phase with important deadlines, including the review of applications by potential issuers such as BlackRock and Fidelity.    ◼️Approval of the Spot ETF would mark a historic turning point, making it easier to invest in Bitcoin without the need to physically own it. ◼️Approval of the ETF could legitimize Bitcoin as a "mainstream" asset, increasing adoption and positively affecting its price. Investors are confident about approval, with Bloomberg analysts estimating a 95% probability, while some analysts such as Markus Thielen of Matrixport, predict rejection by the SEC citing risks of fraud and manipulation of the underlying market. 🟢Everything points to the possibility that #2024 could be a pivotal year for cryptocurrencies, with expectations of investment flows from both private and institutional investors, and large companies such as BlackRock, Fidelity and others are exploring the issuance of Bitcoin ETFs, highlighting the growing interest in the sector.  Full article 👉

The launch of the #bitcoinetf set a positive tone for the cryptocurrency market, propelling us into 2024 with momentum. Eugene Cheung, our Head of Institutional, recently shared insights in an interview with CNA News, discussing market sentiment, the impact on BTC price, and the long-term implications of substantial outflows for investors. While potential and speculation remain high, here are some observations two weeks after the ETF's approval: • Grayscale GBTC witnessed significant outflows primarily due to authorized dealer (AP) redemptions. This indicates investors can freely convert their ETF shares to USD. • Leading asset management companies are perceived as having distinct advantages. Their extensive management experience, stringent compliance practices, and robust risk management capabilities can bolster investor confidence in emerging assets like Bitcoin. • The established global assets management cultivated by these well-respected brands bode well for promoting the newly accessible Bitcoin spot ETF, further contributing to its adoption and wider acceptance. 🎧 Catch the news here: https://lnkd.in/d2CW_4xn #Bybit #BybitInstitutional

#bitcoinetf is on the verge of getting approved. Markets have already absorbed the anticipation. But still there is a certain crowd which will enter out of #fomo to but #bitcoin after the approval of #etf So, all in all, the news is going to create an event which shall certainly be followed by a rapid fluctuation in the price. Let's see what the strategy should be in case you are holding #btc Coin Gabbar | Crypto Information Marketplace CA Sourabh Agrawal https://lnkd.in/d-TNQZpf