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#BitcoinETFs
cfviet99 · 4 months
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Cash flow has returned to Crypto funds after 1 week of retreat!!!
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Last week, $103M was poured into Crypto funds. Prospects for a Bitcoin ETF after consecutive meetings between BlackRock and the SEC have boosted cash flow again after a previous decline.
Including $87.6M poured into the Bitcoin fund and $7.9M poured into the Ethereum fund
SOL continues to have $6M flowing in, this is the 13th consecutive week of money flowing into SOL. Other Altcoins: ADA + $1M, AVAX -$2.6M
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usnewsper-business · 28 days
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Bitcoin and Bond ETFs: The Winning Investments of Tomorrow! #activebondETFs #BitcoinETFs
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blaqsbi · 1 month
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Post:
https://www.blaqsbi.com/5NCf
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wecoinverse · 1 month
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Stay informed and stay ahead in the world of cryptocurrency.
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basechop · 1 month
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Unleashing Bitcoin Halving: A Month Awaits!
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Decoding the Bitcoin Halving As we inch closer to Bitcoin's halving, the cryptocurrency market witnesses a flurry of activity that could chart BTC's course in the coming months. Industry Titans on Alert Key figures in the crypto realm are sounding alarms due to recent trends hinting at a potential shift in market dynamics. Why Halving Marks a Milestone Bitcoin halving occurs approximately every four years or after mining every 210,000 blocks. Each event halves the reward for mining new blocks, meaning miners receive 50% less BTC for transaction verification and blockchain additions. Market Concerns and Predictions CryptoQuant's CEO Ki Young Ju voiced concerns over a noticeable surge in Bitcoin sales by miners, totaling 6,145 BTC worth around $384 million in just the past month. Such activity raises questions about the future stability of the leading cryptocurrency's price. Analyzing Market Activities Glassnode's CEO Yan Happel expects this selling pressure to potentially lead to a correction to levels around $58,000-$59,000, citing negative divergence and heightened sentiment indicators. Optimistic Post-Halving Outlook Despite concerns, some market participants view Bitcoin's potential post-halving optimistically. Technical analyst DaanCrypto noted a significant net inflow of funds into spot Bitcoin ETFs, potentially balancing selling pressure and supporting continued rallies. Long-Term Bitcoin Prospects Rekt Capital, leveraging historical data, believes Bitcoin is far from its peak, with the asset potentially reaching its next high between December 2024 and February 2025. Navigating Through Halving Investors closely monitor developments as the halving approaches. While short-term price corrections may occur, Bitcoin's long-term trajectory remains robust. The next few weeks will be pivotal in determining if Bitcoin can weather this event without significant losses. Read the full article
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aeternusfoundation · 2 months
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aatarx · 3 months
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mimmusoficial · 4 months
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usnewsper-business · 4 months
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Bitcoin ETFs: A Safer Way to Invest and Grow Your Money #BitcoinETFs #BitcoinETFsandportfolioperformance #BitcoinfuturesETFs #cryptocurrencyinvestment #individualinvestorsandBitcoinETFs #investinginBitcoinETFs #riskmanagementwithBitcoinETFs #safetyofBitcoinETFs #stabilityofBitcoinETFs #wealthmanagementandBitcoinETFs
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tooblizzardlight · 4 months
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How Hacchi Really Love The ETF http://bit.ly/41KcXlZ #heartwarming #love #childrensbook #storyteller #childrenbooks #kidstory #childrenstorybook #storytime #mapleleaf #seasons #dogstale #cryptofun #btcjokes $BTC The ETF #funny #jokes #wintertime
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investguruhub · 5 months
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Bloomberg Analyst Decodes Tax Implications in Bitcoin ETFs: In-Kind vs Cash Transactions
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Delving into the intricate domain of spot Bitcoin exchange-traded funds (ETFs), Bloomberg analyst James Seyffart recently unpacked the operational disparities between in-kind and cash transaction models. In an insightful podcast segment, Seyffart's analysis highlighted the pivotal role these models play in tax efficiency, a defining factor that distinguishes ETFs from mutual funds.
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The discussion primarily spotlighted the in-kind transaction model, a tax-efficient approach widely embraced in the ETF sector. Seyffart emphasized its operational dynamics, clarifying that authorized participants or market makers engage in creating and redeeming ETF shares by exchanging Bitcoin for equivalent shares. Notably, such exchanges, classified by the IRS as non-taxable events, offer heightened tax efficiency. Seyffart underscored the benefit of this model in maintaining minimal differentials between Net Asset Value (NAV) and market prices, thereby closely aligning with prevailing market conditions.
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Contrastingly, Seyffart illuminated the less popular cash transaction model, more commonly observed in mutual funds. This model triggers taxable events at the fund level, resulting in capital gains distributions due to Bitcoin trading at the issuer level. According to Seyffart, this model significantly curtails ETF tax efficiency, potentially exposing investors to capital gains taxes. Seyffart's comparative analysis revealed that ETFs following the in-kind approach seldom distribute capital gains. In contrast, mutual funds routinely distribute capital gains, placing a heavier tax burden on investors. He emphasized the strategic advantage of the in-kind model, offering investors enhanced control over portfolio management and timing for recognizing gains. While acknowledging the SEC's reservations, Seyffart highlighted industry efforts, championed by industry leaders like BlackRock, Grayscale, Fidelity, and Ark, advocating for the in-kind model. He suggested that this approach aligns with the interests of both issuers and investors, bolstering tax efficiency and operational effectiveness.
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Looking ahead, Seyffart, alongside colleague Eric Balchunas, anticipates potential approval for the first Spot Bitcoin ETFs around January 8 or 10, 2024. They foresee swift listings on NYSE Arca, allowing issuers to dictate the order of listing, marking a significant milestone in the realm of Bitcoin ETFs. Read the full article
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arashtadstudio · 2 years
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basechop · 4 months
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SEC Approval of Bitcoin ETFs: A New Chapter for Cryptocurrency Investments
After a decade of anticipation, the U.S. Securities and Exchange Commission (SEC) has approved the first Bitcoin exchange-traded funds (ETFs). The ability to trade their shares is expected to open access to cryptocurrency for a broad range of investors, serving as a new source of capital for the crypto market. Exchange-traded funds (ETFs) have gained popularity in the last two decades due to their convenience and diverse set of instruments. ETFs provide investors with access to a basket of assets, such as securities or commodities, tradable as stocks on stock exchanges. By trading shares of ETFs, investors can profit from changes in the prices of underlying assets without directly interacting with them. Legal Status and Evolution of Bitcoin ETFs The legal status of cryptocurrency in the U.S. remains unclear, but Bitcoin ETFs enable regulated entities to invest in it legally without the need to directly engage with cryptocurrencies. Nearly a quarter of all cryptocurrency transactions occur in North America, with the U.S. market being heavily dependent on institutional activity. Over the past ten years, spot Bitcoin ETFs, tracking the current market price of the cryptocurrency and involving its delivery as the underlying asset, faced rejections from the SEC. Attempts to establish such funds date back to 2013 when the Winklevoss twins, founders of the cryptocurrency exchange Gemini, unsuccessfully sought approval. In June 2023, BlackRock, the world's largest asset management company, submitted a registration application for a Bitcoin ETF. SEC's Past Rejections and Change in Approach SEC rejected applications from numerous contenders, citing the immaturity of the crypto market, prevalence of fraud, and the potential for cryptocurrency price manipulation. In 2021, the SEC approved several Bitcoin futures ETFs trading derivatives on stock exchanges, but these funds did not impact the market significantly. The situation shifted after Grayscale, a company managing the largest Bitcoin trust since 2013, took legal action against the SEC in 2022. Grayscale challenged the SEC's refusal to approve spot Bitcoin funds while approving futures-based ones. Grayscale's trust, named Grayscale Bitcoin Trust (GBTC), allows accredited investors to invest in Bitcoin as shares but is not eligible for trading on major exchanges and has various limitations. Grayscale initially intended to convert the trust into a full-fledged ETF. In August 2023, Grayscale won the lawsuit against the SEC. According to SEC Chairman Gary Gensler, Grayscale's case marked a turning point in the regulator's rhetoric. Recent Months and the Race for Approval The last few months were filled with speculation about when the SEC might grant approval for a Bitcoin ETF and how the mechanisms related to these new products would operate. After numerous meetings between potential issuers and SEC representatives, the regulator agreed on the model for the creation and redemption of ETF shares, effectively finalizing their registration and future listing on exchanges. The race for the pioneer status in the Bitcoin ETF market attracted major players from both traditional finance and the cryptocurrency industry. While BlackRock remains the largest issuer due to its capital size and dozens of proprietary ETF products, other approved companies include Fidelity, Franklin Templeton, and ARK Invest led by Cathie Wood. The list of 11 approved companies also includes reputable names from the crypto business, such as Grayscale, Hashdex, and Valkyrie. Read the full article
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