Bitcoin Price Crashes Below $26,000 As SEC Pushes Back On 7 Spot ETF Filings
On August 29, flagship cryptocurrency Bitcoin soared to as high as $28,000 following Grayscale’s victory. However, it has now lost these gains as the US Securities and Exchange Commission (SEC) chose to delay its decisions on seven Spot ETF applications. Bitcoin Crashes Below $26,000 Bitcoin dropped by over 4% to $26,000 as the SEC extended the timeline to decide on the ETF applications of BlackRock, WisdomTree, Invesco, Fidelity, Valkyrie, VanEck, and Bitwise. Related Reading: Dogecoin And Bitcoin Become Latest Additions To Robinhood Wallet This price action contrasts with when the....
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The world’s largest asset manager BlackRock has now filed for a new ETF. The crypto space has been characterized by ETF filings ever since the first Bitcoin Futures ETF made its debut on the trading markets. Since then, there have been more futures ETF filings surrounding bitcoin and ethereum, as well as spot ETF filings […]
The Bitcoin price has been experiencing a series of price fluctuations for two years now. The cryptocurrency has been on a bullish threshold multiple times but has failed to hold a bullish momentum for long. Nevertheless, a Bloomberg analyst has predicted an unfeigned bull run for BTC, but the potential uptrend comes with certain factors and conditions. Investors Prepare For Possible Bitcoin Bull Run The slow growth of Bitcoin price has left investors and crypto enthusiasts hoping for a potential bull run since its crash in 2022, which saw the cryptocurrency dropping from $46,000 to below....
As the price of Bitcoin pushes near its all-time high, several areas involving the crypto king, especially the Spot ETFs, are starting to turn remarkably green once again. With the Spot ETFs recording bullish closes, this renewed momentum is beginning to challenge the spot market trading. Institutional Capital Flows Bolster Bitcoin Spot ETFs The historic […]
On-chain data shows the Bitcoin spot price is now below the cost basis of nearly two-thirds of inflows into exchange-traded funds (ETFs). 62% Of US Bitcoin Spot ETF Inflows Now In Loss In a new X post, on-chain analyst Checkmate has shared a chart discussing the latest situation related to the Bitcoin spot ETFs. Spot […]
Pro-XRP lawyer John Deaton raised awareness to a dip in XRP’s price this week as several ETF issuers updated S-1 filings with ticker symbols, a move that market watchers say brings the products closer to launch even as a US government shutdown slows regulatory work. Related Reading: Hackers Strike Again — $21M Stablecoin Loot Moved […]