Cboe Global Markets will launch the first cash-settled options on spot Bitcoin ETF products, based on the Cboe Bitcoin US ETF Index. The launch is set for December 2.
The CFTC has issued a notice about potential Spot Bitcoin ETF Options, which could transform cryptocurrency markets.
Experts predict steady inflows following the BTC ETF approval, with Spot Bitcoin ETF showing positive net inflows despite some outflows.
Australia's Monochrome BTC ETF saw an influx of funds amid rising institutional Bitcoin purchases, contrasting with outflows in the U.S. market. Experts hint at a potential Bitcoin rally.
ETFSwap (ETFS), a crypto ETF platform, has seen a significant surge after Millennium Management invested $2 billion into Spot Bitcoin ETFs, signaling strong institutional interest in cryptocurrency.
Standard Chartered's Geoff Kendrick predicts Bitcoin could surpass its all-time high, reaching $73,798 by March 14, 2024. This follows a surge in Spot Bitcoin ETF inflows, with Bitcoin trading at $70,013, a slight decrease recently. The potential approval of Ethereum Spot ETFs could further boost Bitcoin's price, with Kendrick's long-term prediction of $150,000 by end of 2024 and $200,000 by 2025.
Investment giant Franklin Templeton shows mainstream finance acceptance by receiving approval for Spot Bitcoin ETFs, signaling increased cryptocurrency integration.
JP Morgan and Wells Fargo have disclosed their Spot Bitcoin ETF holdings as Bitcoin's price struggles, hovering just above $60,000. Despite market volatility, these investments point to growing institutional interest in cryptocurrencies. This move marks a shift from the banks' earlier conservative stance on digital assets.
Wells Fargo, the third-largest U.S. bank, disclosed its spot Bitcoin ETF exposure, boosting market optimism. The move aligns with the recent approval of spot ETFs and signifies growing institutional acceptance.
Bitcoin's price decline is attributed to a decrease in demand for Spot Bitcoin ETFs and a potential need to close a CME gap. Analysts expect a rebound once Bitcoin clears the $62,580 CME gap and consolidates above the $67,000 level, indicating a prime buying opportunity.
Bitcoin's climb above $63,000 and over $370 million in Spot Bitcoin ETF inflows sparked a market recovery, with major altcoins like Ethereum, Solana, and Cardano also gaining. The global crypto market cap rose by 5.11% to $2.34 trillion.
Bitcoin's recent 8% surge has sparked a bullish trend among altcoins with Spot Bitcoin ETF data indicating increased interest in cryptocurrencies.
Morgan Stanley aims to offer Spot Bitcoin ETFs in 12 of its institutional funds, reflecting a strategic expansion into the digital asset space and catering to rising interest in such assets.
Morgan Stanley plans to allow its 15,000 brokers to offer bitcoin spot ETFs to clients, widening crypto investment options.
Spot Bitcoin ETFs, established in January, have attracted institutional investments with about $13 billion in net inflows, boosting Bitcoin's market prices significantly.
Crypto analyst Willy Woo predicts Bitcoin could reach $650,000, driven by Spot Bitcoin ETFs, which may boost BTC's market capitalization as asset managers deploy capital. This prediction is based on comparisons to gold's market post-ETF launch and potential $2 trillion inflow from a recommended 2% allocation by asset managers.
US Spot Bitcoin ETFs have seen a shift in investor sentiment, with net outflows occurring after four days of inflows, impacting Grayscale with over $300M in outflows.