It’s been over a decade since the first application for a spot bitcoin ETF was filed.
After a number of denials over the years, the U.S. Securities and Exchange Commission has approved all 11 applications from spot bitcoin ETF issuers, marking a potential watershed moment for the crypto industry and potentially opening the floodgates by making it easier for institutional investors and consumers alike to invest in the biggest digital asset.
The issuers are BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin ETF, Valkyrie Bitcoin Fund, Hashdex Bitcoin ETF and Franklin Bitcoin ETF.
In 2021, BITO, the first bitcoin-linked futures ETF in the U.S., launched and immediately saw a lot of demand during its first year.
It eventually grew to become one of the largest and most traded crypto ETFs., according to ProShares data.
SEC’s X account hacked, sharing ‘unauthorized tweet’ regarding spot bitcoin ETF The agency has "not approved" the listing and trading of spot bitcoin ETFs, chair Gary Gensler saysThe U.S. Securities and Exchange Commission’s X account has been hacked, a spokesperson confirmed with TechCrunch on Tuesday afternoon.
The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” the spokesperson said.
The unauthorized post has since been deleted.
Around 4:30 p.m. EST, SEC Chair Gary Gensler tweeted, “The @SECGov twitter account was compromised, and an unauthorized tweet was posted.
The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”After the fake post went out, Bitcoin’s price spiked near $48,000 but has since fallen around $45,700, according to CoinMarketCap data.
The SEC might finally approve spot bitcoin ETFs on Wednesday after denying applications for more than a decade.
Counting market movements, it could be $20 billion total AUM in spot bitcoin ETFs.” Valkyrie is one of 11 applicants for a U.S. spot bitcoin ETF; the other firms are BlackRock, Grayscale and Fidelity, among others.
But it was back in the end of September, beginning of October, when we’re launching our ETH futures ETF.
When we got an inclination that [the] spot bitcoin ETF was coming soon, we said OK, well, bitcoin futures ETFs are basically going to go away when a spot bitcoin ETF launches.
So we converted our bitcoin futures ETF into a strategy to invest in both ETH and bitcoin.
Bitcoin ETFs, Carta’s latest mess, and let’s go to the MoonListen here or wherever you get your podcasts.
Tech stocks aren’t moving too much this morning as the market digests the Boeing mess.
Bitcoin ETFs: And this is why.
A rush of new filings this morning showed that bitcoin spot ETFs are targeting a very low-fee structure as they compete for investor dollars.
A rush of new filings this morning showed that bitcoin spot ETFs are targeting a very low-fee structure as they compete for investor dollars.
Talks of bitcoin spot ETF approval circulate as India blocks exchange sites and crypto is seeing more optimismWelcome back to Chain Reaction.
The crypto space has been off to a strong start for 2024 as reporters and ETF analysts have reported that a bitcoin spot ETF approval in the U.S. could be coming as soon.
This week in web3The latest podFor this week’s news episode, Jacquelyn dove back into the latest developments on spot bitcoin ETF applications in the U.S. as anticipation builds.
As it stands, there are 14 asset management firms, including BlackRock, Fidelity, Grayscale and VanEck, hoping to individually win approval from the U.S. Securities and Exchange Commission for their spot bitcoin ETFs.
We also discussed what a spot bitcoin ETF could mean for investors, institutions and miners, as well as bitcoin’s price.
Arkon Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch.
“These sites appeal to both bitcoin miners and AI [or] machine learning clients who have very high power computing demands,” Payne said.
“We are essentially a landlord who owns the underlying infrastructure assets.”Arkon’s business model focuses on strategically acquiring distressed data center assets across the globe.
“The current and future demand for data center capacity of all types that we are seeing globally, but especially in the U.S., is unprecedented and monumental.
Arkon aims to fill that gap by providing the underlying infrastructure layer that the AI sector relies on.
Akron Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch.
“These sites appeal to both bitcoin miners and AI [or] machine learning clients who have very high power computing demands,” Payne said.
“We are essentially a landlord who owns the underlying infrastructure assets.”Akron’s business model focuses on strategically acquiring distressed data center assets across the globe.
“The current and future demand for data center capacity of all types that we are seeing globally, but especially in the U.S., is unprecedented and monumental.
Akron aims to fill that gap by providing the underlying infrastructure layer that the AI sector relies on.
Lolli, a bitcoin and cashback rewards application, has raised an $8 million Series B round, TechCrunch has exclusively learned.
Its rewards program awards its users with bitcoin or cashback when they shop online or in person at restaurants and stores.
The app gives up to 30% back on purchases, with an average of 7% back in bitcoin or cashback rewards.
Since its inception, Lolli has given over $10 million in bitcoin rewards, in addition to cashback rewards, Adelman said.
The company plans to use the momentum in the markets to “drive more revenue to partners and bring more major companies into offering bitcoin rewards,” Adelman said.
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