Are Bitcoin Traders Planning for an ETF Approval?
Traders seem to be already pricing in the US Securities and Exchange Commission's (SEC) upcoming ruling on the Winklevoss bitcoin exchange-traded fund (ETF), according to most analysts polled by CoinDesk. Should the fund – sought by Tyler and Cameron Winklevoss – receive approval, the creation of an easily accessible investment vehicle could trigger a massive influx of capital and robust price increases, market observers have stated. As a result, the SEC decision, which has a deadline of 11th March, has drawn significant attention from traders. Potential impact. Several analysts spoke with....
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The anticipated approval of a spot Bitcoin Exchange Traded Fund (ETF) has dominated discussions among traders, analysts, and market observers over the past few days. With many speculating on the potential impact, the age-old strategy of “buy the rumor, sell the news” has been at the forefront of many conversations. Will the strategy push the […]
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
NYDIG, a subsidiary of Stone Ridge Asset Management, has filed for regulatory approval from the SEC to offer a bitcoin exchange-traded fund. The post NYDIG Files For Bitcoin ETF Approval appeared first on Bitcoin Magazine.
ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term. Ether (ETH) price is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue.Bitcoin and Ether prices at Bitstamp. Source: TradingViewMoreover, the increasing....
Jeff Vandrew is a licensed attorney, a Certified Public Accountant and a Certified Financial Planner. Based in New Jersey, he restricts his practice to two areas: estate planning and tax planning. Here he explains the steps bitcoin holders should take when planning their estates. When it comes to estate planning, very little has been mentioned about bitcoin. While bitcoin is subject to wills and revocable living trusts like any other asset, there are some special considerations. Most seasoned holders of bitcoin are aware of IRS Notice 2014-21. For those unaware, the notice holds that for....