Bitcoin ETFs Come

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01-12

Bitcoin ETFs Mark a Milestone for Crypto. Now the Real Test Begins

01-12

Bitcoin ETFs Take Wall Street by Storm With Historic Debut

01-12

Bitcoin ETF Trades Top $4.6 Billion in "Ground-Breaking" Day

User Discussion

shams_Trader

01-12

Really? All etfs were went down more than the opening price. And this article is surprising

Bitcoin ETF Trades Top $4.6 Billion in "Ground-Breaking" Day

Ridho Setiawan

01-11

Bravo bitcoin

Bitcoin Rallies to $49,000 after SEC Greenlights Launch of U.S. Bitcoin ETFs

Tristan Lean

01-11

💪💪💪🙏🙏🙏

SGREIT Champ

01-11

Bought ARKY & BITO a few days ago... in green now....

Here's How the New Bitcoin ETFs Will Work

notlhw

01-11

The SEC approved #bitcoin twice

Bitcoin ETFs Finally Approved after a Chaotic, "Embarrassing" 24 Hours for SEC

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All etfs were went down more than the opening price. And this article is surprising","listText":"Really? All etfs were went down more than the opening price. And this article is surprising","text":"Really? All etfs were went down more than the opening price. And this article is surprising","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/262069295759376","repostId":"1110891031","repostType":2,"repost":{"id":"1110891031","pubTimestamp":1705015747,"share":"https://www.laohu8.com/m/news/1110891031?lang=&edition=full","pubTime":"2024-01-12 07:29","language":"en","title":"Bitcoin ETF Trades Top $4.6 Billion in \"Ground-Breaking\" Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1110891031","media":"Bloomberg","summary":"Over $4.6 billion changed hands across the Bitcoin fundsConverted GBTC registers most first day of ETF trading everThe first US ETFs that directly hold Bitcoin got off to a strong start, with billions","content":"<html><head></head><body><ul style=\"\"><li><p>Over $4.6 billion changed hands across the Bitcoin funds</p></li><li><p>Converted GBTC registers most first day of ETF trading ever</p></li></ul><p>The first US ETFs that directly hold Bitcoin got off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles.</p><p>Over $4.6 billion worth of shares traded between the almost a dozen US spot Bitcoin exchange-traded funds on Thursday. The Grayscale Bitcoin Trust, which converted into an ETF, saw about $2.3 billion in volume, according to data compiled by Bloomberg. Meantime, BlackRock’s iShares Bitcoin Trust—IBIT— saw over $1 billion change hands.</p><p>“This is definitely ground-breaking,” said Athanasios Psarofagis, an ETF analyst at Bloomberg Intelligence. “There was no doubt demand would be strong for these ETFs, but the numbers across the board are impressive.”</p><p>Still, it’s hard to compare Thursday’s activity to any other day in ETF history. Typically, only one fund that tracks a new asset class begins trading on a single day. It’s unprecedented to see over 10 nearly identical funds all begin at once. But even singling in on one ETF indicates the sheer magnitude of trading.</p><p>The Grayscale Bitcoin Trust was the most heavily traded ETF debut on record. To be sure, the product has existed in its trust structure since 2013, and had a nearly $27 billion headstart in asset size.</p><p>Trading volume doesn’t indicate buying or selling or investor inflows. Because of the way the funds settle trades, net flows into or out of the products probably won’t be known until at least Friday.</p><p>When the initial Bitcoin futures fund began trading in 2021, it saw turnover of almost $1 billion during the entire first day. At the time, the futures fund debut was the second-most heavily traded fund on record.</p><p>Psarofagis added a caveat that much of the demand may be from so called “seed” money that is pre-arranged by the fund issuers. Signs of more organic demand, like from retail investors or financial advisors, may come later on as more broker-dealers list the funds on their platforms.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin ETF Trades Top $4.6 Billion in \"Ground-Breaking\" Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin ETF Trades Top $4.6 Billion in \"Ground-Breaking\" Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-12 07:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-01-11/bitcoin-etf-trading-volumes-soar-in-ground-breaking-first-day?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Over $4.6 billion changed hands across the Bitcoin fundsConverted GBTC registers most first day of ETF trading everThe first US ETFs that directly hold Bitcoin got off to a strong start, with billions...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-01-11/bitcoin-etf-trading-volumes-soar-in-ground-breaking-first-day?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EZBC":"Franklin Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","BRRR":"Valkyrie Bitcoin Fund","GBTC":"Grayscale Bitcoin Trust","BTCO":"Invesco Galaxy Bitcoin ETF","ARKB":"ARK 21Shares Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund"},"source_url":"https://www.bloomberg.com/news/articles/2024-01-11/bitcoin-etf-trading-volumes-soar-in-ground-breaking-first-day?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110891031","content_text":"Over $4.6 billion changed hands across the Bitcoin fundsConverted GBTC registers most first day of ETF trading everThe first US ETFs that directly hold Bitcoin got off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles.Over $4.6 billion worth of shares traded between the almost a dozen US spot Bitcoin exchange-traded funds on Thursday. The Grayscale Bitcoin Trust, which converted into an ETF, saw about $2.3 billion in volume, according to data compiled by Bloomberg. Meantime, BlackRock’s iShares Bitcoin Trust—IBIT— saw over $1 billion change hands.“This is definitely ground-breaking,” said Athanasios Psarofagis, an ETF analyst at Bloomberg Intelligence. “There was no doubt demand would be strong for these ETFs, but the numbers across the board are impressive.”Still, it’s hard to compare Thursday’s activity to any other day in ETF history. Typically, only one fund that tracks a new asset class begins trading on a single day. It’s unprecedented to see over 10 nearly identical funds all begin at once. But even singling in on one ETF indicates the sheer magnitude of trading.The Grayscale Bitcoin Trust was the most heavily traded ETF debut on record. To be sure, the product has existed in its trust structure since 2013, and had a nearly $27 billion headstart in asset size.Trading volume doesn’t indicate buying or selling or investor inflows. Because of the way the funds settle trades, net flows into or out of the products probably won’t be known until at least Friday.When the initial Bitcoin futures fund began trading in 2021, it saw turnover of almost $1 billion during the entire first day. At the time, the futures fund debut was the second-most heavily traded fund on record.Psarofagis added a caveat that much of the demand may be from so called “seed” money that is pre-arranged by the fund issuers. Signs of more organic demand, like from retail investors or financial advisors, may come later on as more broker-dealers list the funds on their platforms.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579827147050987","authorId":"3579827147050987","name":"xupper22","avatar":"https://static.tigerbbs.com/6b13c95cf147fc91a64e304d76553827","crmLevel":2,"crmLevelSwitch":1},"content":"Typical. All funds and government will induce a max fuckery scenario in order to buy BTC at the lowest possible for themselves.","text":"Typical. All funds and government will induce a max fuckery scenario in order to buy BTC at the lowest possible for themselves.","html":"Typical. All funds and government will induce a max fuckery scenario in order to buy BTC at the lowest possible for themselves."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261952776212488,"gmtCreate":1704988202748,"gmtModify":1704990844267,"author":{"id":"4158842587414112","authorId":"4158842587414112","name":"Ridho Setiawan","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bravo bitcoin","listText":"Bravo bitcoin","text":"Bravo bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261952776212488","repostId":"1117813204","repostType":4,"repost":{"id":"1117813204","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1704985189,"share":"https://www.laohu8.com/m/news/1117813204?lang=&edition=full","pubTime":"2024-01-11 22:59","market":"us","language":"en","title":"Bitcoin Rallies to $49,000 after SEC Greenlights Launch of U.S. Bitcoin ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1117813204","media":"Tiger Newspress","summary":"Bitcoin traded higher Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected.The cryptocurrency was last up m","content":"<html><head></head><body><p>Bitcoin traded higher Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected.</p><p>Spot Bitcoin ETFs gained in first day morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f594df59a781c8e59efddf4844d2310\" title=\"\" tg-width=\"260\" tg-height=\"443\"/></p><p style=\"text-align: start;\">The cryptocurrency was last up more than 6.5% at $48,993.49, according to Coin Metrics. Earlier, it briefly topped the $49,000 level, its highest since December 2021. Meanwhile, the price of ether advanced 6% to $2,626.80, reaching levels not seen since May 2022.</p><p>The ETF approval is a watershed moment for the crypto industry, which first sought to launch a bitcoin ETF more than 10 years ago. Optimism had been building since Grayscale’s big legal win against the SEC in August over the regulator’s refusal to let it convert its popular Bitcoin Trust (GBTC) into an ETF. The flagship cryptocurrency’s price has increased 80% since then.</p><p style=\"text-align: start;\">Following the SEC’s decision, bitcoin initially edged lower, as expected by many traders. Although the volume of inflows into the new funds, once they begin trading, remains to be seen, bitcoin ETFs are still widely expected to drive the demand – and ultimately, price – of bitcoin higher.</p><p style=\"text-align: start;\">Mining stocks, which benefit from increases in the bitcoin price and tend to reflect longer-term investor sentiment toward bitcoin, got a big boost. Wall Street favorites Iris Energy and CleanSpark surged 6% and 8%, respectively. Marathon Digital gained 8% and Riot Platforms added 6%.</p><h3 id=\"id_2434653231\" style=\"text-align: start;\">Ether’s big pop</h3><p style=\"text-align: start;\">Ether’s rally propped up other coins in the Ethereum ecosystem. The token tied to Polygon gained 10%, Chainlink advanced 7% and Uniswap rose 9%.</p><p style=\"text-align: start;\">“Now that the bitcoin ETF speculation has come to fruition it looks like traders are rotating to ether to get ahead of the next narrative, an ETH ETF, while ETH looks relatively cheap compared to most other tokens,” said Conor Ryder, head of research at the stablecoin company Ethena Labs.</p><p style=\"text-align: start;\">The SEC is due to give decisions on spot ETH ETF applications beginning in May. BlackRock, Invesco, Ark and VanEck are among the firms in line for approval, as well as Grayscale, which is seeking to convert its existing Ethereum Trust (ETHE) into an ETF.</p><p style=\"text-align: start;\">“It’s all about getting ahead of the narratives — bitcoin has rallied versus ether for the last six months thanks to spot ETF speculation, and ETF approval ties a bow on that narrative,” Ryder said. “Meanwhile ETH has struggled to find any momentum and has underperformed compared to most of the smaller Layer 1s,” or blockchain networks, like Solana and Cardano.</p><p style=\"text-align: start;\">Ether lagged bitcoin in 2023, rising just 90% compared to bitcoin’s 157%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Rallies to $49,000 after SEC Greenlights Launch of U.S. Bitcoin ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Rallies to $49,000 after SEC Greenlights Launch of U.S. Bitcoin ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-01-11 22:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin traded higher Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected.</p><p>Spot Bitcoin ETFs gained in first day morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f594df59a781c8e59efddf4844d2310\" title=\"\" tg-width=\"260\" tg-height=\"443\"/></p><p style=\"text-align: start;\">The cryptocurrency was last up more than 6.5% at $48,993.49, according to Coin Metrics. Earlier, it briefly topped the $49,000 level, its highest since December 2021. Meanwhile, the price of ether advanced 6% to $2,626.80, reaching levels not seen since May 2022.</p><p>The ETF approval is a watershed moment for the crypto industry, which first sought to launch a bitcoin ETF more than 10 years ago. Optimism had been building since Grayscale’s big legal win against the SEC in August over the regulator’s refusal to let it convert its popular Bitcoin Trust (GBTC) into an ETF. The flagship cryptocurrency’s price has increased 80% since then.</p><p style=\"text-align: start;\">Following the SEC’s decision, bitcoin initially edged lower, as expected by many traders. Although the volume of inflows into the new funds, once they begin trading, remains to be seen, bitcoin ETFs are still widely expected to drive the demand – and ultimately, price – of bitcoin higher.</p><p style=\"text-align: start;\">Mining stocks, which benefit from increases in the bitcoin price and tend to reflect longer-term investor sentiment toward bitcoin, got a big boost. Wall Street favorites Iris Energy and CleanSpark surged 6% and 8%, respectively. Marathon Digital gained 8% and Riot Platforms added 6%.</p><h3 id=\"id_2434653231\" style=\"text-align: start;\">Ether’s big pop</h3><p style=\"text-align: start;\">Ether’s rally propped up other coins in the Ethereum ecosystem. The token tied to Polygon gained 10%, Chainlink advanced 7% and Uniswap rose 9%.</p><p style=\"text-align: start;\">“Now that the bitcoin ETF speculation has come to fruition it looks like traders are rotating to ether to get ahead of the next narrative, an ETH ETF, while ETH looks relatively cheap compared to most other tokens,” said Conor Ryder, head of research at the stablecoin company Ethena Labs.</p><p style=\"text-align: start;\">The SEC is due to give decisions on spot ETH ETF applications beginning in May. BlackRock, Invesco, Ark and VanEck are among the firms in line for approval, as well as Grayscale, which is seeking to convert its existing Ethereum Trust (ETHE) into an ETF.</p><p style=\"text-align: start;\">“It’s all about getting ahead of the narratives — bitcoin has rallied versus ether for the last six months thanks to spot ETF speculation, and ETF approval ties a bow on that narrative,” Ryder said. “Meanwhile ETH has struggled to find any momentum and has underperformed compared to most of the smaller Layer 1s,” or blockchain networks, like Solana and Cardano.</p><p style=\"text-align: start;\">Ether lagged bitcoin in 2023, rising just 90% compared to bitcoin’s 157%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBIT":"iShares Bitcoin Trust","GBTC":"Grayscale Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117813204","content_text":"Bitcoin traded higher Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected.Spot Bitcoin ETFs gained in first day morning trading.The cryptocurrency was last up more than 6.5% at $48,993.49, according to Coin Metrics. Earlier, it briefly topped the $49,000 level, its highest since December 2021. Meanwhile, the price of ether advanced 6% to $2,626.80, reaching levels not seen since May 2022.The ETF approval is a watershed moment for the crypto industry, which first sought to launch a bitcoin ETF more than 10 years ago. Optimism had been building since Grayscale’s big legal win against the SEC in August over the regulator’s refusal to let it convert its popular Bitcoin Trust (GBTC) into an ETF. The flagship cryptocurrency’s price has increased 80% since then.Following the SEC’s decision, bitcoin initially edged lower, as expected by many traders. Although the volume of inflows into the new funds, once they begin trading, remains to be seen, bitcoin ETFs are still widely expected to drive the demand – and ultimately, price – of bitcoin higher.Mining stocks, which benefit from increases in the bitcoin price and tend to reflect longer-term investor sentiment toward bitcoin, got a big boost. Wall Street favorites Iris Energy and CleanSpark surged 6% and 8%, respectively. Marathon Digital gained 8% and Riot Platforms added 6%.Ether’s big popEther’s rally propped up other coins in the Ethereum ecosystem. The token tied to Polygon gained 10%, Chainlink advanced 7% and Uniswap rose 9%.“Now that the bitcoin ETF speculation has come to fruition it looks like traders are rotating to ether to get ahead of the next narrative, an ETH ETF, while ETH looks relatively cheap compared to most other tokens,” said Conor Ryder, head of research at the stablecoin company Ethena Labs.The SEC is due to give decisions on spot ETH ETF applications beginning in May. BlackRock, Invesco, Ark and VanEck are among the firms in line for approval, as well as Grayscale, which is seeking to convert its existing Ethereum Trust (ETHE) into an ETF.“It’s all about getting ahead of the narratives — bitcoin has rallied versus ether for the last six months thanks to spot ETF speculation, and ETF approval ties a bow on that narrative,” Ryder said. “Meanwhile ETH has struggled to find any momentum and has underperformed compared to most of the smaller Layer 1s,” or blockchain networks, like Solana and Cardano.Ether lagged bitcoin in 2023, rising just 90% compared to bitcoin’s 157%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261944968577048,"gmtCreate":1704986154512,"gmtModify":1704986632562,"author":{"id":"3576677341356103","authorId":"3576677341356103","name":"Tristan Lean","avatar":"https://community-static.tradeup.com/news/8912cabc5c766ed821be664079076057","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"💪💪💪🙏🙏🙏","listText":"💪💪💪🙏🙏🙏","text":"💪💪💪🙏🙏🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261944968577048","isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261898311700528,"gmtCreate":1704974901259,"gmtModify":1704974905712,"author":{"id":"4092886236695250","authorId":"4092886236695250","name":"SGREIT Champ","avatar":"https://static.itradeup.com/news/4e9c43f98c059bde13c61c0fc77dd30f","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bought ARKY &amp; BITO a few days ago... in green now....","listText":"Bought ARKY &amp; BITO a few days ago... in green now....","text":"Bought ARKY & BITO a few days ago... in green now....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261898311700528","repostId":"2402442899","repostType":2,"repost":{"id":"2402442899","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1704973161,"share":"https://www.laohu8.com/m/news/2402442899?lang=&edition=full","pubTime":"2024-01-11 19:39","market":"us","language":"en","title":"Here's How the New Bitcoin ETFs Will Work","url":"https://stock-news.laohu8.com/highlight/detail?id=2402442899","media":"Dow Jones","summary":"Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Crypto enthusiasts hope the new funds -- backed by asset managers such as BlackRock and Fidelity Investments -- will draw more mainstream investors into bitcoin.In many ways, the new ETFs are similar to the gold ETFs that emerged in the early 2000s and became a popular way to invest in the precious metal. Instead of buying physical bars of gold, investors could buy shares in a gold fund through their brokerage, just like buying stocks.Similarly, the new spot bitcoin ETFs are designed to make it easier to buy bitcoin. You won't need to set up a digital wallet and memorize your keys, and you won't need to create an account at a crypto exchange. You can just use the same brokerage account that you might already use to trade stocks, bonds and other ETFs.Suppose a stampede of investors buys shares of the bitcoin ETF. Seeing the upswell in demand, the authorize","content":"<html><head></head><body><p>Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Crypto enthusiasts hope the new funds -- backed by asset managers such as BlackRock and Fidelity Investments -- will draw more mainstream investors into bitcoin.</p><p>In many ways, the new ETFs are similar to the gold ETFs that emerged in the early 2000s and became a popular way to invest in the precious metal. Instead of buying physical bars of gold, investors could buy shares in a gold fund through their brokerage, just like buying stocks.</p><p>Similarly, the new spot bitcoin ETFs are designed to make it easier to buy bitcoin. You won&#39;t need to set up a digital wallet and memorize your keys, and you won&#39;t need to create an account at a crypto exchange. You can just use the same brokerage account that you might already use to trade stocks, bonds and other ETFs.</p><h2 id=\"id_2369071700\">First things first: What is a &#34;spot&#34; bitcoin ETF?</h2><p>It is a fund that holds bitcoin for investors. The term &#34;spot&#34; simply means that it holds actual bitcoin, rather than a derivative tied to the price of bitcoin. The price of the ETF&#39;s shares should rise and fall in line with the fluctuations of bitcoin&#39;s price in the cryptocurrency markets.</p><h2 id=\"id_3088943775\">Wait, haven&#39;t bitcoin ETFs been available for a few years? What exactly is new here?</h2><p>In 2021, the Securities and Exchange Commission opened the door to ETFs that hold bitcoin futures -- a type of derivative that tracks the price of the digital currency. But the SEC resisted allowing spot bitcoin ETFs that hold actual bitcoins. The agency justified its stance by arguing that the spot bitcoin market was susceptible to market manipulation.</p><p>Advocates for crypto investing said it was illogical to allow bitcoin futures-based ETFs but not spot bitcoin ETFs. One fund manager sued the agency, winning a court ruling in August that pressured the SEC to allow spot bitcoin ETFs.</p><h2 id=\"id_1349945620\">How do the new bitcoin ETFs work?</h2><p>Under the surface, the new bitcoin ETFs are trusts that manage pools of bitcoin and issue shares. BlackRock&#39;s bitcoin ETF, for instance, is the Delaware-based <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Bitcoin Trust.</p><p>Electronic-trading firms known as market makers are constantly buying and selling the shares of ETFs. By capturing tiny discrepancies between the price of the ETF shares and what their price should be, based on the value of bitcoin, market makers help ensure the ETF tracks the price of bitcoin.</p><p>Some of these market makers are also &#34;authorized participants&#34; -- firms that help make sure the quantity of available shares expands and contracts with investor demand. Banks can also play such a role. Authorized participants for the new bitcoin ETFs include electronic trading giants Jane Street Capital and Virtu Financial and the U.S. brokerage arm of JPMorgan Chase.</p><p>Suppose a stampede of investors buys shares of the bitcoin ETF. Seeing the upswell in demand, the authorized participants deliver cash to the trust. In return, the trust creates new baskets of shares and delivers them to the authorized participants. This expands the supply of ETF shares. Meanwhile, the trust adds to its bitcoin holdings, so its pool of bitcoin grows as more investors jump in.</p><p>In the opposite scenario -- when investors dump their bitcoin ETF shares -- the process happens in reverse. The authorized participants bring shares to the trust to redeem them for cash, shrinking the supply of shares. And the trust reduces the size of its bitcoin holdings.</p><h2 id=\"id_2810384116\">Who actually buys and sells the bitcoin for the ETF?</h2><p>Many of the new ETFs will rely on third parties to buy and sell bitcoin when needed. These are typically trading firms with desks that specialize in buying and selling large blocks of cryptocurrencies.</p><p>Initially, the asset managers behind the new bitcoin ETFs pushed for a different model for handling bitcoin. Under this &#34;in-kind&#34; model, the authorized participants would deliver bitcoin to the trust when they create shares, or get paid in bitcoin when they redeem shares. Some ETF executives say the in-kind model is simpler and more efficient than the model that ended up getting adopted, in which creations and redemptions are handled in cash.</p><p>But the in-kind model raised regulatory concerns that became a focus of talks with the SEC late last year, the ETF executives said. The concerns stemmed from the fact that authorized participants are registered broker-dealers in the U.S. stock market, and regulations don&#39;t explicitly allow broker-dealers to handle crypto.</p><p>By December, all the asset managers seeking to launch bitcoin ETFs switched to a cash model, in which authorized participants don&#39;t need to touch bitcoin, regulatory filings show. One winner from that decision: tightly regulated Wall Street firms such as banks, which are now more likely to act as authorized participants for the new breed of bitcoin ETFs.</p><h2 id=\"id_3352079791\">What will it cost me to invest in a bitcoin ETF?</h2><p>The asset managers backing the ETF will collect an annual fee. These range from as low as 0.2% from Bitwise to 1.5% from Grayscale Investments; several are offering an initial period of zero fees to attract investors.</p><h2 id=\"id_1435689044\">Could the bitcoin held by these new ETFs be hacked?</h2><p>There is always a danger that bitcoin can get stolen by hackers. All of the new bitcoin ETFs list security breaches as a potential risk in the fine print of their regulatory filings. And the hack of the SEC&#39;s X account this week, prematurely trumpeting the approval of bitcoin ETFs, shows that shenanigans persist in the crypto market.</p><p>To ensure their assets are safe, the new bitcoin ETFs rely on third-party custodians -- a standard practice in the ETF world. For instance, gold ETFs typically partner with banks that have vaults for storing physical gold.</p><p>Most of the new bitcoin ETFs have selected Coinbase as their custodian. So when one of these funds acquires bitcoin, the coins are parked in a special account at Coinbase. Such custodians generally hold the keys to crypto assets in &#34;cold storage&#34; -- offline locations, not connected to the internet -- to keep them secure. It is the digital equivalent of a gold vault.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's How the New Bitcoin ETFs Will Work</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's How the New Bitcoin ETFs Will Work\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-01-11 19:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Crypto enthusiasts hope the new funds -- backed by asset managers such as BlackRock and Fidelity Investments -- will draw more mainstream investors into bitcoin.</p><p>In many ways, the new ETFs are similar to the gold ETFs that emerged in the early 2000s and became a popular way to invest in the precious metal. Instead of buying physical bars of gold, investors could buy shares in a gold fund through their brokerage, just like buying stocks.</p><p>Similarly, the new spot bitcoin ETFs are designed to make it easier to buy bitcoin. You won&#39;t need to set up a digital wallet and memorize your keys, and you won&#39;t need to create an account at a crypto exchange. You can just use the same brokerage account that you might already use to trade stocks, bonds and other ETFs.</p><h2 id=\"id_2369071700\">First things first: What is a &#34;spot&#34; bitcoin ETF?</h2><p>It is a fund that holds bitcoin for investors. The term &#34;spot&#34; simply means that it holds actual bitcoin, rather than a derivative tied to the price of bitcoin. The price of the ETF&#39;s shares should rise and fall in line with the fluctuations of bitcoin&#39;s price in the cryptocurrency markets.</p><h2 id=\"id_3088943775\">Wait, haven&#39;t bitcoin ETFs been available for a few years? What exactly is new here?</h2><p>In 2021, the Securities and Exchange Commission opened the door to ETFs that hold bitcoin futures -- a type of derivative that tracks the price of the digital currency. But the SEC resisted allowing spot bitcoin ETFs that hold actual bitcoins. The agency justified its stance by arguing that the spot bitcoin market was susceptible to market manipulation.</p><p>Advocates for crypto investing said it was illogical to allow bitcoin futures-based ETFs but not spot bitcoin ETFs. One fund manager sued the agency, winning a court ruling in August that pressured the SEC to allow spot bitcoin ETFs.</p><h2 id=\"id_1349945620\">How do the new bitcoin ETFs work?</h2><p>Under the surface, the new bitcoin ETFs are trusts that manage pools of bitcoin and issue shares. BlackRock&#39;s bitcoin ETF, for instance, is the Delaware-based <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Bitcoin Trust.</p><p>Electronic-trading firms known as market makers are constantly buying and selling the shares of ETFs. By capturing tiny discrepancies between the price of the ETF shares and what their price should be, based on the value of bitcoin, market makers help ensure the ETF tracks the price of bitcoin.</p><p>Some of these market makers are also &#34;authorized participants&#34; -- firms that help make sure the quantity of available shares expands and contracts with investor demand. Banks can also play such a role. Authorized participants for the new bitcoin ETFs include electronic trading giants Jane Street Capital and Virtu Financial and the U.S. brokerage arm of JPMorgan Chase.</p><p>Suppose a stampede of investors buys shares of the bitcoin ETF. Seeing the upswell in demand, the authorized participants deliver cash to the trust. In return, the trust creates new baskets of shares and delivers them to the authorized participants. This expands the supply of ETF shares. Meanwhile, the trust adds to its bitcoin holdings, so its pool of bitcoin grows as more investors jump in.</p><p>In the opposite scenario -- when investors dump their bitcoin ETF shares -- the process happens in reverse. The authorized participants bring shares to the trust to redeem them for cash, shrinking the supply of shares. And the trust reduces the size of its bitcoin holdings.</p><h2 id=\"id_2810384116\">Who actually buys and sells the bitcoin for the ETF?</h2><p>Many of the new ETFs will rely on third parties to buy and sell bitcoin when needed. These are typically trading firms with desks that specialize in buying and selling large blocks of cryptocurrencies.</p><p>Initially, the asset managers behind the new bitcoin ETFs pushed for a different model for handling bitcoin. Under this &#34;in-kind&#34; model, the authorized participants would deliver bitcoin to the trust when they create shares, or get paid in bitcoin when they redeem shares. Some ETF executives say the in-kind model is simpler and more efficient than the model that ended up getting adopted, in which creations and redemptions are handled in cash.</p><p>But the in-kind model raised regulatory concerns that became a focus of talks with the SEC late last year, the ETF executives said. The concerns stemmed from the fact that authorized participants are registered broker-dealers in the U.S. stock market, and regulations don&#39;t explicitly allow broker-dealers to handle crypto.</p><p>By December, all the asset managers seeking to launch bitcoin ETFs switched to a cash model, in which authorized participants don&#39;t need to touch bitcoin, regulatory filings show. One winner from that decision: tightly regulated Wall Street firms such as banks, which are now more likely to act as authorized participants for the new breed of bitcoin ETFs.</p><h2 id=\"id_3352079791\">What will it cost me to invest in a bitcoin ETF?</h2><p>The asset managers backing the ETF will collect an annual fee. These range from as low as 0.2% from Bitwise to 1.5% from Grayscale Investments; several are offering an initial period of zero fees to attract investors.</p><h2 id=\"id_1435689044\">Could the bitcoin held by these new ETFs be hacked?</h2><p>There is always a danger that bitcoin can get stolen by hackers. All of the new bitcoin ETFs list security breaches as a potential risk in the fine print of their regulatory filings. And the hack of the SEC&#39;s X account this week, prematurely trumpeting the approval of bitcoin ETFs, shows that shenanigans persist in the crypto market.</p><p>To ensure their assets are safe, the new bitcoin ETFs rely on third-party custodians -- a standard practice in the ETF world. For instance, gold ETFs typically partner with banks that have vaults for storing physical gold.</p><p>Most of the new bitcoin ETFs have selected Coinbase as their custodian. So when one of these funds acquires bitcoin, the coins are parked in a special account at Coinbase. Such custodians generally hold the keys to crypto assets in &#34;cold storage&#34; -- offline locations, not connected to the internet -- to keep them secure. It is the digital equivalent of a gold vault.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","EZBC":"Franklin Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BITO":"ProShares Bitcoin Strategy ETF","BRRR":"Valkyrie Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","BK4585":"ETF&股票定投概念","BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","ARKB":"ARK 21Shares Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","DEFI":"Hashdex Bitcoin ETF","BK4550":"红杉资本持仓","BK4023":"应用软件","HODL":"VanEck Bitcoin Trust ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2402442899","content_text":"Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Crypto enthusiasts hope the new funds -- backed by asset managers such as BlackRock and Fidelity Investments -- will draw more mainstream investors into bitcoin.In many ways, the new ETFs are similar to the gold ETFs that emerged in the early 2000s and became a popular way to invest in the precious metal. Instead of buying physical bars of gold, investors could buy shares in a gold fund through their brokerage, just like buying stocks.Similarly, the new spot bitcoin ETFs are designed to make it easier to buy bitcoin. You won't need to set up a digital wallet and memorize your keys, and you won't need to create an account at a crypto exchange. You can just use the same brokerage account that you might already use to trade stocks, bonds and other ETFs.First things first: What is a \"spot\" bitcoin ETF?It is a fund that holds bitcoin for investors. The term \"spot\" simply means that it holds actual bitcoin, rather than a derivative tied to the price of bitcoin. The price of the ETF's shares should rise and fall in line with the fluctuations of bitcoin's price in the cryptocurrency markets.Wait, haven't bitcoin ETFs been available for a few years? What exactly is new here?In 2021, the Securities and Exchange Commission opened the door to ETFs that hold bitcoin futures -- a type of derivative that tracks the price of the digital currency. But the SEC resisted allowing spot bitcoin ETFs that hold actual bitcoins. The agency justified its stance by arguing that the spot bitcoin market was susceptible to market manipulation.Advocates for crypto investing said it was illogical to allow bitcoin futures-based ETFs but not spot bitcoin ETFs. One fund manager sued the agency, winning a court ruling in August that pressured the SEC to allow spot bitcoin ETFs.How do the new bitcoin ETFs work?Under the surface, the new bitcoin ETFs are trusts that manage pools of bitcoin and issue shares. BlackRock's bitcoin ETF, for instance, is the Delaware-based iShares Bitcoin Trust.Electronic-trading firms known as market makers are constantly buying and selling the shares of ETFs. By capturing tiny discrepancies between the price of the ETF shares and what their price should be, based on the value of bitcoin, market makers help ensure the ETF tracks the price of bitcoin.Some of these market makers are also \"authorized participants\" -- firms that help make sure the quantity of available shares expands and contracts with investor demand. Banks can also play such a role. Authorized participants for the new bitcoin ETFs include electronic trading giants Jane Street Capital and Virtu Financial and the U.S. brokerage arm of JPMorgan Chase.Suppose a stampede of investors buys shares of the bitcoin ETF. Seeing the upswell in demand, the authorized participants deliver cash to the trust. In return, the trust creates new baskets of shares and delivers them to the authorized participants. This expands the supply of ETF shares. Meanwhile, the trust adds to its bitcoin holdings, so its pool of bitcoin grows as more investors jump in.In the opposite scenario -- when investors dump their bitcoin ETF shares -- the process happens in reverse. The authorized participants bring shares to the trust to redeem them for cash, shrinking the supply of shares. And the trust reduces the size of its bitcoin holdings.Who actually buys and sells the bitcoin for the ETF?Many of the new ETFs will rely on third parties to buy and sell bitcoin when needed. These are typically trading firms with desks that specialize in buying and selling large blocks of cryptocurrencies.Initially, the asset managers behind the new bitcoin ETFs pushed for a different model for handling bitcoin. Under this \"in-kind\" model, the authorized participants would deliver bitcoin to the trust when they create shares, or get paid in bitcoin when they redeem shares. Some ETF executives say the in-kind model is simpler and more efficient than the model that ended up getting adopted, in which creations and redemptions are handled in cash.But the in-kind model raised regulatory concerns that became a focus of talks with the SEC late last year, the ETF executives said. The concerns stemmed from the fact that authorized participants are registered broker-dealers in the U.S. stock market, and regulations don't explicitly allow broker-dealers to handle crypto.By December, all the asset managers seeking to launch bitcoin ETFs switched to a cash model, in which authorized participants don't need to touch bitcoin, regulatory filings show. One winner from that decision: tightly regulated Wall Street firms such as banks, which are now more likely to act as authorized participants for the new breed of bitcoin ETFs.What will it cost me to invest in a bitcoin ETF?The asset managers backing the ETF will collect an annual fee. These range from as low as 0.2% from Bitwise to 1.5% from Grayscale Investments; several are offering an initial period of zero fees to attract investors.Could the bitcoin held by these new ETFs be hacked?There is always a danger that bitcoin can get stolen by hackers. All of the new bitcoin ETFs list security breaches as a potential risk in the fine print of their regulatory filings. And the hack of the SEC's X account this week, prematurely trumpeting the approval of bitcoin ETFs, shows that shenanigans persist in the crypto market.To ensure their assets are safe, the new bitcoin ETFs rely on third-party custodians -- a standard practice in the ETF world. For instance, gold ETFs typically partner with banks that have vaults for storing physical gold.Most of the new bitcoin ETFs have selected Coinbase as their custodian. So when one of these funds acquires bitcoin, the coins are parked in a special account at Coinbase. Such custodians generally hold the keys to crypto assets in \"cold storage\" -- offline locations, not connected to the internet -- to keep them secure. It is the digital equivalent of a gold vault.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261912861016128,"gmtCreate":1704962305381,"gmtModify":1704965839964,"author":{"id":"3575616038841569","authorId":"3575616038841569","name":"notlhw","avatar":"https://static.tigerbbs.com/eab27b706f5ecdd467cfa9022d07be00","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"The SEC approved #bitcoin twice&nbsp;","listText":"The SEC approved #bitcoin twice&nbsp;","text":"The SEC approved #bitcoin twice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/261912861016128","repostId":"2402645790","repostType":2,"repost":{"id":"2402645790","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1704959927,"share":"https://www.laohu8.com/m/news/2402645790?lang=&edition=full","pubTime":"2024-01-11 15:58","market":"us","language":"en","title":"Bitcoin ETFs Finally Approved after a Chaotic, \"Embarrassing\" 24 Hours for SEC","url":"https://stock-news.laohu8.com/highlight/detail?id=2402645790","media":"Dow Jones","summary":"From 'unauthorized' tweets to broken web pages, it's been a topsy-turvy week for the regulator. On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin.But the 24 hours leading up to that approval were chaotic, to say the least.On Tuesday, however, the SEC's official account on X, formerly known as Twitter, published what the agency described as an \"unauthorized\" post indicating that it had approved the spot bitcoin ETFs. In reality, the regulator had not approved any such ETFs as of Tuesday and its X account had been \"compromised,\" SEC Chair Gary Gensler said on the social-media platform. The SEC subsequently deleted the unauthorized post.The agency found \"there was unauthorized access to and activity on\" the its X account by \"an unknown party,\" an SEC spokesperson said on Tuesday, adding that the \"unauthorized access has been terminated\" and that the SEC would work with law enforcement to in","content":"<html><head></head><body><p>On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin.</p><p>But the 24 hours leading up to that approval were chaotic, to say the least.</p><p>The SEC approved the launch of 11 bitcoin (BTCUSD) ETFs, according to a filing posted on the regulatory agency&#39;s website. The ETFs are due to start trading on Thursday.</p><p>On Tuesday, however, the SEC&#39;s official account on X, formerly known as Twitter, published what the agency described as an &#34;unauthorized&#34; post indicating that it had approved the spot bitcoin ETFs. In reality, the regulator had not approved any such ETFs as of Tuesday and its X account had been &#34;compromised,&#34; SEC Chair Gary Gensler said on the social-media platform. The SEC subsequently deleted the unauthorized post.</p><p>The agency found &#34;there was unauthorized access to and activity on&#34; the its X account by &#34;an unknown party,&#34; an SEC spokesperson said on Tuesday, adding that the &#34;unauthorized access has been terminated&#34; and that the SEC would work with law enforcement to investigate the matter.</p><p>Bitcoin&#39;s price briefly shot 2% higher after the unauthorized tweet went out on Tuesday before soon pulling back.</p><p>Then on Wednesday, shortly before the U.S. stock market closed for the day, the SEC posted an actual approval order of bitcoin ETFs on its website - but the link was soon broken, leading to an &#34;error 404&#34; page. The same filing was later reposted by the SEC.</p><p>It is unclear why the first link was broken. A SEC spokesperson did not respond to an email seeking comment on the matter.</p><p>The events of the past 24 hours have proven &#34;a bit embarrassing&#34; for the SEC, especially as the agency has stressed that cryptocurrencies are exceptionally risky and vulnerable to market manipulation, according to Greg Magadini, director of derivatives at Amberdata.</p><p>Despite those warnings, Magadini said he doesn&#39;t expect investors to be deterred from investing in the bitcoin ETFs.</p><p>Bitcoin has actually seen lower volatility on Tuesday and Wednesday than options traders had priced in, Magadini said. The crypto is up 2.9% over the past 24 hours to around $47,486 on Wednesday, according to CoinDesk data.</p><p>Investors have been pricing in $1 to $2 billion of initial flows into the bitcoin ETFs.</p><p>Steven Lubka, head of private clients and family offices at Swan Bitcoin, echoed Magadini&#39;s point, noting that the hiccups on the way to SEC approval are unlikely to impact investor interest in the funds.</p><p>&#34;Ultimately, the SEC is not the one that launches the ETFs,&#34; Lubka said in a call. &#34;If anything, it shows how much attention is on these ETF products.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin ETFs Finally Approved after a Chaotic, \"Embarrassing\" 24 Hours for SEC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin ETFs Finally Approved after a Chaotic, \"Embarrassing\" 24 Hours for SEC\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-01-11 15:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin.</p><p>But the 24 hours leading up to that approval were chaotic, to say the least.</p><p>The SEC approved the launch of 11 bitcoin (BTCUSD) ETFs, according to a filing posted on the regulatory agency&#39;s website. The ETFs are due to start trading on Thursday.</p><p>On Tuesday, however, the SEC&#39;s official account on X, formerly known as Twitter, published what the agency described as an &#34;unauthorized&#34; post indicating that it had approved the spot bitcoin ETFs. In reality, the regulator had not approved any such ETFs as of Tuesday and its X account had been &#34;compromised,&#34; SEC Chair Gary Gensler said on the social-media platform. The SEC subsequently deleted the unauthorized post.</p><p>The agency found &#34;there was unauthorized access to and activity on&#34; the its X account by &#34;an unknown party,&#34; an SEC spokesperson said on Tuesday, adding that the &#34;unauthorized access has been terminated&#34; and that the SEC would work with law enforcement to investigate the matter.</p><p>Bitcoin&#39;s price briefly shot 2% higher after the unauthorized tweet went out on Tuesday before soon pulling back.</p><p>Then on Wednesday, shortly before the U.S. stock market closed for the day, the SEC posted an actual approval order of bitcoin ETFs on its website - but the link was soon broken, leading to an &#34;error 404&#34; page. The same filing was later reposted by the SEC.</p><p>It is unclear why the first link was broken. A SEC spokesperson did not respond to an email seeking comment on the matter.</p><p>The events of the past 24 hours have proven &#34;a bit embarrassing&#34; for the SEC, especially as the agency has stressed that cryptocurrencies are exceptionally risky and vulnerable to market manipulation, according to Greg Magadini, director of derivatives at Amberdata.</p><p>Despite those warnings, Magadini said he doesn&#39;t expect investors to be deterred from investing in the bitcoin ETFs.</p><p>Bitcoin has actually seen lower volatility on Tuesday and Wednesday than options traders had priced in, Magadini said. The crypto is up 2.9% over the past 24 hours to around $47,486 on Wednesday, according to CoinDesk data.</p><p>Investors have been pricing in $1 to $2 billion of initial flows into the bitcoin ETFs.</p><p>Steven Lubka, head of private clients and family offices at Swan Bitcoin, echoed Magadini&#39;s point, noting that the hiccups on the way to SEC approval are unlikely to impact investor interest in the funds.</p><p>&#34;Ultimately, the SEC is not the one that launches the ETFs,&#34; Lubka said in a call. &#34;If anything, it shows how much attention is on these ETF products.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HODL":"VanEck Bitcoin Trust ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BTCW":"WisdomTree Bitcoin Fund","BK4023":"应用软件","EZBC":"Franklin Bitcoin ETF","GBTC":"Grayscale Bitcoin Trust","BRRR":"Valkyrie Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","ARKB":"ARK 21Shares Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","IBIT":"iShares Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2402645790","content_text":"On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin.But the 24 hours leading up to that approval were chaotic, to say the least.The SEC approved the launch of 11 bitcoin (BTCUSD) ETFs, according to a filing posted on the regulatory agency's website. The ETFs are due to start trading on Thursday.On Tuesday, however, the SEC's official account on X, formerly known as Twitter, published what the agency described as an \"unauthorized\" post indicating that it had approved the spot bitcoin ETFs. In reality, the regulator had not approved any such ETFs as of Tuesday and its X account had been \"compromised,\" SEC Chair Gary Gensler said on the social-media platform. The SEC subsequently deleted the unauthorized post.The agency found \"there was unauthorized access to and activity on\" the its X account by \"an unknown party,\" an SEC spokesperson said on Tuesday, adding that the \"unauthorized access has been terminated\" and that the SEC would work with law enforcement to investigate the matter.Bitcoin's price briefly shot 2% higher after the unauthorized tweet went out on Tuesday before soon pulling back.Then on Wednesday, shortly before the U.S. stock market closed for the day, the SEC posted an actual approval order of bitcoin ETFs on its website - but the link was soon broken, leading to an \"error 404\" page. The same filing was later reposted by the SEC.It is unclear why the first link was broken. A SEC spokesperson did not respond to an email seeking comment on the matter.The events of the past 24 hours have proven \"a bit embarrassing\" for the SEC, especially as the agency has stressed that cryptocurrencies are exceptionally risky and vulnerable to market manipulation, according to Greg Magadini, director of derivatives at Amberdata.Despite those warnings, Magadini said he doesn't expect investors to be deterred from investing in the bitcoin ETFs.Bitcoin has actually seen lower volatility on Tuesday and Wednesday than options traders had priced in, Magadini said. The crypto is up 2.9% over the past 24 hours to around $47,486 on Wednesday, according to CoinDesk data.Investors have been pricing in $1 to $2 billion of initial flows into the bitcoin ETFs.Steven Lubka, head of private clients and family offices at Swan Bitcoin, echoed Magadini's point, noting that the hiccups on the way to SEC approval are unlikely to impact investor interest in the funds.\"Ultimately, the SEC is not the one that launches the ETFs,\" Lubka said in a call. \"If anything, it shows how much attention is on these ETF products.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4092886236695250","authorId":"4092886236695250","name":"SGREIT Champ","avatar":"https://static.itradeup.com/news/4e9c43f98c059bde13c61c0fc77dd30f","crmLevel":3,"crmLevelSwitch":0},"content":"Yes. Once for its Futures (in 2021) and once more yesterday for Spot Value to start trading tonight, SGT….","text":"Yes. Once for its Futures (in 2021) and once more yesterday for Spot Value to start trading tonight, SGT….","html":"Yes. Once for its Futures (in 2021) and once more yesterday for Spot Value to start trading tonight, SGT…."}],"imageCount":0,"langContent":"EN","totalScore":0}]}