
April 14th, 2025
Coinbase is considering an opportunity to join forces with the biggest asset manager in the world, BlackRock, with a view to develop a Bitcoin exchange-traded fund (ETF).
While some experts are not very optimistic about the future of Bitcoin, some other believe that Bitcoin is likely to strengthen its positions.
According to Antonopoulos, ETFs, if thought of as instruments, allow investors to just speculate around the price of cryptocurrency but not actually hold them.
The data also show a consistent drop in the ‘HODL’ frequency, while on the other hand there a growing ‘REKT’ frequency.
SEC Commissioner Hester Peirce explained that the agency might reconsider its decision as the ruling was originally drafted by SEC staff members on behalf of the leadership.
SEC says that the insufficient volumes of Bitcoin Futures don’t satisfy the agency’s rules to prevent fraud and manipulation.
The U.S. SEC is set to approve or deny the two ProShares Bitcoin ETFs filed in 2017 on 23 August. If approved, the ETF’s performance would be tracked on popular exchanges like the Cboe and CME.
Bakkt CEO said that the physically-settled Bitcoin futures contracts would be completely pre-funded while the facility of margin trading won’t be provided.
According to Antonopoulos, Bitcoin ETF products can cause higher price manipulation with institutional investors and regulators dominating the Bitcoin space.
Instead of waiting for the Bitcoin ETFs, U.S. investors will now be able to trade exchange-traded-notes like the Bitcoin Tracker One.
Coinbase CEO has shared his thoughts on the future of digital currencies in a recent interview with Bloomberg’s host Emily Chang in San Francisco.
Brian Kelly says that the market is still not ready for Bitcoin ETFs and that he doesn’t see that coming until the end of 2018.
The U.S. SEC will be analyzing ETFs from SolidX, VanEck, ProShares, and others within the next two months. If get approved, institutional investors can enter the market and facilitate the growth of the most important cryptos prices.
The crypto market sentiment has been severely driven down after the rejection of CBOE Bitcoin ETF, the ripple effect of which is spread all over.
Bitcoin declines by over 6% in the last 24-hours while the overall cryptocurrency markets lost over $20 billion.