Bitcoin ETF Rapidly Lowering BTC Price, Traders Deleverage
The recent occurrence of misinformation coordinated by the SEC had a substantial influence on the volatility of Bitcoin (BTC), leading to an unexpected and peculiar sequence of events. Extreme volatility characterized the Bitcoin price on Tuesday, January 9, in response to fake SEC approval news for Bitcoin ETF. Following a significant increase to $48,000 on Tuesday, […]
BTC Breaks $47,000, VanEck Seeds Bitcoin ETF With $72 Million
At the forefront is the investment firm VanEck, which, as disclosed in its amended S-1 form, has taken decisive action by establishing its potential spot Bitcoin ETF with an initial investment of $72.5 million. On Monday, Bitcoin (BTC), the largest cryptocurrency in the world, surpassed $47,000 as issuers including BlackRock, Fidelity, and others filed updated paperwork with […]
DTCC Lists Tickers for WisdomTree, VanEck Spot Bitcoin ETFs
Amid anticipation of US SEC approval, the WisdomTree and VanEck ETFs have been listed on the Depository Trust & Clearing Corporation (DTCC). The spot Bitcoin ETF applications have generated significant anticipation, with the Depository Trust & Clearing Corporation (DTCC) listing the ETFs of two of the eleven applicants, WisdomTree and VanEck, in advance of the […]
SEC reissues ‘FOMO’ warning as spot Bitcoin ETFs nears Approval
Social media users have noted that the regulator’s “no go to FOMO” warning coincides with increased anticipation regarding the approval of spot Bitcoin ETFs. Simply days before the expected approval of spot Bitcoin exchange-traded funds, the United States Securities and Exchange Commission (SEC) has reissued a warning regarding FOMO investing in cryptocurrencies. The SEC’s Office of […]
Marathon Considers BTC Selloff to Cover Operating Expenses
In order to offset operational costs and enhance liquidity prior to the subsequent Bitcoin halving, Marathon is contemplating a BTC selloff. Marathon Digital Holdings, Inc. is anticipating another Bitcoin (BTC) selloff, selling 704 BTC to cover operating expenses in December, representing 38% of its total production. Capitalizing on substantial cash reserves and 15,174 BTC in […]