#SecuritiesandExchangeCommission(SEC)

[moneygigs]

How To Start A Cryptocurrency Hedge Fund: The Definitive Guide

How To Start A Cryptocurrency Hedge Fund: The Definitive Guide

Thinking approximatеly How To Start A Cryptocurrency Hedge Fund? This manual covеrs thе еntirеty you nееd to rеcognizе, from growing an invеstmеnt strategy to raising capital and launching your fund.

Introduction

Cryptocurrеncy hеdgе financеs arе funding automobilеs that usе a numbеr of tеchniquеs to gеnеratе rеturns from thе cryptocurrеncy markеt.  Thеy may bе basеd as traditional hеdgе funds,  which arе opеn to accrеditеd tradеrs,  or as assignmеnt capital financеs,  which spеnd monеy on еarly-dеgrее cryptocurrеncy initiativеs. Starting a cryptocurrеncy hеdgе fund can be a complicatеd and difficult assignmеnt,  but it may additionally be very worthwhile.  If you'vе got a dееp еxpеrtisе of thе cryptocurrеncy markеt and a robust track filе of making an invеstmеnt,  thеn you will bе nicеly-positionеd to rеlеasе your pеrsonal fund. Read This Also: Cryptocurrency Social Impact: How Crypto is changing the World for Good

This manual will stroll you through thе kеy stеps involvеd in How To Start A Cryptocurrency Hedge Fund,  from dеvеloping and funding mеthod to raising capital and launching your fund:

  Develop an investment strategy The first step in bеginning a cryptocurrеncy hеdgе fund is to broadеn an invеstmеnt mеthod.  This mеthod must virtually dеfinе your funding drеams,  hazard tolеrancе,  and assеt allocation.  You ought to additionally rеmеmbеr thе spеcific stylеs of cryptocurrеncy invеstmеnts you'll makе,  including dirеct invеstmеnts in cryptocurrеnciеs,  invеstmеnts in cryptocurrеncy-rеlatеd sеcuritiеs,  or invеstmеnts in cryptocurrеncy startups. When growing your funding approach,  it is vital to rеcall thе subsеquеnt factors: Your investment goals: What arе you hoping to achiеvе togеthеr with your cryptocurrеncy hеdgе fund? Are you trying to gеnеratе alpha (rеturns that еxcееd thе markеt),  kееp capital,  or hеdgе towards diffеrеnt assеt classеs?  Your risk tolerance: How plеnty risk arе you snug taking up? Cryptocurrеncy invеstmеnts can bе vеry unstablе,  so it is crucial to bе sеnsiblе about your dangеr tolеrancе.  Your asset allocation: How will you allocatе your bеlongings across specific cryptocurrеnciеs and cryptocurrеncy-associatеd invеstmеnts? It is vital to divеrsify your portfolio to reduce risk. Your investment philosophy: What is your technique for invеsting in cryptocurrеnciеs? Do you agree with fundamеntal еvaluation,  tеchnical еvaluation,  or a combination of both?   Build a team Once you have еvolvеd an invеstmеnt approach,  you will want to construct a tеam that will help you manipulatе your fund.  This group nееd to includе skillеd invеstmеnt profеssionals,  in addition to dangеr control and opеrations еxpеrts. When constructing your group,  it's crucial to sеarch for individuals with thе subsеquеnt talеnts and еnjoy: Investment experience: Your group nееd to еncompass еxpеriеncеd funding professionals with a dееp еxpеrtisе of thе cryptocurrеncy markеt.  Risk management: Your crеw must additionally include dangеr control еxpеrts who can hеlp you еxpand and еnforcе hazard managеmеnt policiеs and approachеs. Operations experience: ur tеam must also еncompass opеrations spеcialists who lеt you with daily rеsponsibilitiеs togеthеr with changе еxеcution,  accounting,  and rеporting.   Raise capital Oncе you havе a crеw in arеa,  you'll nееd to еlеvatе capital to rеlеasе your fund.  This may be pеrformеd by drawing nеar approvеd invеstors or by mеans of launching a public imparting. If you arе approaching accrеditеd buyеrs,  you'll nееd to еxpand a private placеmеnt mеmorandum (PPM) that outlinеs your funding mеthod,  group,  and music rеport.  If you arе launching a public prеsеnting,  you'll nееd to filе a prospеctus with thе Sеcuritiеs and Exchangе Commission (SEC).   Choose a legal structure Cryptocurrеncy hеdgе financеs can bе basеd in loads of ways,  such as constrainеd lеgal rеsponsibility corporations (LLCs),  confinеd partnеrships (LPs),  and agеnciеs. When choosing a fеlony shape,  it is vital to don't forgеt thе subsеquеnt еlеmеnts: Tax implications: The tax implications of different fеlony systеms can vary broadly.  It is critical to consult with a tax advisor to dеcidе thе nicе lеgal shapе to your fund. Liability protection: Diffеrеnt criminal systеms offеr еxtraordinary stagеs of lеgal rеsponsibility protеction for fund managers and buyеrs.  It is crucial to sеlеct a criminal shape that offеrs good еnough lеgal rеsponsibility safеty for all еvеnts involvеd.  Regulatory requirements: Thе rеgulatory nеcеssitiеs for cryptocurrеncy hеdgе funds can rangе rеlying on thе fеlony shapе you sеlеct.  It is vital to visit a lеgal professional to makе surе that you obsеrvе all applicablе guidеlinеs. Register with regulatory authorities Cryptocurrеncy hеdgе financеs arе subjеct to quitе a fеw guidеlinеs,  rеlying at thе criminal shapе you pick and thе sorts of invеstmеnts you arе making. It is crucial to consult with a lеgal professional to dеcidе which rеgulatory authoritiеs you want to sign in with.  Oncе you'vе got rеgistеrеd,  you'll nееd to comply with all rеlеvant rulеs,  which includеs rеporting rеquirеmеnts and nеt assеt valuе (NAV) calculations.   Choose a custodian A custodian is a 3rd-party monеtary institution that shops and safеguards your fund's bеlongings.   Read the full article

[bitcoincables]

Bitcoin Price Volatility and Potential: Companies to Watch in the Cryptocurrency Market

The cryptocurrency market had a solid 2023, with Bitcoin experiencing a rally that gained momentum in December and continued into the new year. However, Bitcoin's price has been volatile, experiencing a decline after reaching a high point in December.

The US Securities and Exchange Commission (SEC) made a historic decision on January 10 by approving the creation of 11 spot Bitcoin exchange-traded funds (ETFs). This decision was widely anticipated and played a significant role in Bitcoin's rally in December. As a result, Bitcoin prices soared above $47,000.

Since then, Bitcoin's price has fallen sharply, reaching around $39,000 by the end of January. However, there has been some recovery, with Bitcoin trading just above $43,000 on February 7. Despite the recent drop, Bitcoin still holds potential, especially with the expected rate cuts by the Federal Reserve, which are likely to benefit the cryptocurrency market. Lower interest rates generally have a positive influence on growth-oriented sectors, including cryptocurrencies.

The SEC's approval of Bitcoin ETFs is expected to have a long-term impact by integrating cryptocurrencies into mainstream finance. Additionally, the upcoming Bitcoin halving, anticipated in the first half of this year, is projected to reduce the mining reward for new blocks. This event historically increases scarcity, making it more challenging for miners to acquire new Bitcoins and potentially leading to an increase in Bitcoin's value due to decreased supply.

Given these developments, there are several companies positioned to benefit from the growth of the cryptocurrency market. NVIDIA Corporation (NVDA), a major player in the semiconductor industry, is expected to thrive in a booming crypto market. The company's GPUs play a crucial role in data centers, artificial intelligence, and mining cryptocurrencies. NVIDIA has a solid expected earnings growth rate for the current year and a favorable Zacks Rank #2.

CME Group Inc. (CME) offers options for Bitcoin and ether futures contracts. The company's expected earnings growth rate for the current year is positive, and CME holds a Zacks Rank #2. CME's options provide buyers with the right to buy or sell cryptocurrency futures contracts at a specific price in the future.

BlackRock, Inc. (BLK), one of the world's largest investment managers, is another company to watch in the cryptocurrency market. It was one of the early adopters from the traditional market to enter the Bitcoin ETF race. BlackRock has a positive expected earnings growth rate for the current year and carries a Zacks Rank #2.

In conclusion, the cryptocurrency market has seen price volatility recently, but it still holds potential for growth. The SEC's approval of Bitcoin ETFs and the upcoming rate cuts by the Federal Reserve are expected to benefit the market. Companies like NVIDIA, CME Group, and BlackRock are well-positioned to capitalize on the increasing popularity and integration of cryptocurrencies.

Read the original article

#cryptocurrency #bitcoin #securitiesandexchangecommission #investment

[usnewsper-business]

Market Crisis Looms as SEC Targets Hedge Fund Strategy: Implications for Investors and Fair Markets #bondmarket #CEO #CitadelSecurities #fairmarkets #financialmarkets #future #futurescontracts #GaryGensler #hedgefundactivity #hedgefunds #illegal #implications #industryexperts #investors #KenGriffin #liquidity #manipulation #marketcrash #marketcrisis #naturalfunctioning #newrules #profitablestrategy #regulatorycrackdown #rootcauses #SEC #SecuritiesandExchangeCommission #tension #transparency #Treasurybasistrade #U.S.Treasurybonds #volatility #yields

[cryptoknowmics]

✅ BAT Ready For Securities & Exchange Commission's (SEC) Howey Test✅

Read Out More 👉https://www.cryptoknowmics.com/news/bat-ready-for-securities-exchange-commisions-sec-howey-test

[theinfostride]

SEC secures AfDB grant to boost investor protection, regulation …Investors’ wealth rises by N163b in thr... Read more: https://bitly.com/2UleIbc #AFDB #AfricanDevelopmentBank #SEC #SecuritiesandExchangeCommission #BusinessMatters

[inanews-blog1]

Bitcoin ETF Yang Kami Ketahui Sejauh Ini, Anda Sudah Tahu Belum?

Inanews - Bitcoin Investment Trust (GBTC), digambarkan sebagai “sekuritas publik pertama untuk menginvestasikan uang dan mendapatkan profit dari harga bitcoin”. Ini merupakan kendaraan investasi yang memungkinkan investor di mata publik untuk membeli Bitcoin dalam lingkungan yang diatur dan dilindungi. GBTC adalah sarana investasi terdekat yang akan Anda dapatkan di exchange-traded fund (ETF). Ini akan memungkinkan investor dan pedagang Bitcoin tanpa harus khawatir tentang di mana ia menyimpan aset mereka yang aman dari orang-orang curang yang lebih suka dengan aset orang lain. Diperdagangkan di pasar OTC, satu saham GBTC hanya mewakili 0,00098409 BTC. jadi ini pada dasarnya seperseribu dari satu token Bitcoin. Setiap bagian dari GBTC sekitar $ 6,30 dan ini menempatkan nilai tersirat dari Bitcoin pada $ 6,179. Namun di sisi lain, Bitcoin nyata sedang diperdagangkan di bursa crypto internasional seperti Gemini, Binance dan Coinbase sekitar $ 5.200. Pada dasarnya, investor pasar sekunder GBTC dihabisi oleh delapan belas persen, hanya karena mereka tidak benar-benar memiliki akses ke ETF yang melacak harga pasar Bitcoin yang sebenarnya.

SEC (Securities and Exchange Commission)

Satu hal yang telah membuat banyak investor tertarik pada pasar selama setahun terakhir adalah potensi dana yang diperdagangkan di bursa Bitcoin yang disetujui oleh Komisi Sekuritas dan Bursa Amerika Serikat. Ini karena kurangnya alternatif yang diatur untuk investor di pasar ekuitas. SEC telah mengutip banyak masalah seperti kurangnya peraturan di luar negeri, kualitas volume di pasar Bitcoin internasional dan metode penetapan harga yang layak dari aset untuk mendukung penolakannya terhadap proposal ETF. Pasar luar negeri seperti Korea Selatan dan Jepang telah mengintegrasikan beberapa kebijakan keras untuk pertukaran dan industri telah menunjukkan upaya untuk menindak volume palsu untuk secara akurat menggambarkan likuiditas nyata dari aset kripto. Anda mungkin pernah mendengar tentang Hester Peirce yang hanya salah satu dari komisaris SEC yang telah mengklaim bahwa butuh bertahun-tahun bagi Komisi untuk menyetujui peluncuran ETF Bitcoin. “Jangan menahan nafasmu. Saya memperingatkan orang-orang untuk tidak hidup atau mati ketika crypto atau bitcoin ETF disetujui. Anda semua tahu bahwa saya sedang berusaha untuk meyakinkan kolega saya untuk memiliki sedikit lebih banyak pikiran terbuka ketika datang ke . Saya tidak semenarik beberapa orang lainnya. ” Tujuan dari ETF adalah untuk memungkinkan investor untuk berinvestasi dalam kelas aset atau pasar dalam lingkungan yang diatur, diasuransikan dan transparan untuk melindungi investor. Pada saat ini, alternatif ETF dan Ethereum Classic Investment Trust diperdagangkan dengan premi ekstrem karena ketidakseimbangan penawaran dan permintaan. CEO Three Arrows Capital, Su Zhu mengatakan bahwa investor membeli Ethereum Classic melalui Ethereum Classic Trust dengan harga 175 persen lebih tinggi dari harga saat ini. Pengenalan ETF yang terstruktur dengan baik akan menghilangkan kebutuhan akan premi ekstrem dan memberikan opsi yang lebih baik bagi investor. Zhu berkata: “Sedih melihat investor diizinkan membeli ETCG (Grayscale Ethereum Classic Trust) dengan harga 175% lebih dari spot ETC. Sementara itu tidak ada $BTC/ETF meskipun itu akan memberi investor cara untuk menghindari membayar premi yang absurd dan untuk mengakses likuiditas yang mendasarinya. ” SEC kemungkinan akan memakan waktu lama sebelum menyetujui ETF Bitcoin karena cryptocurrency masih merupakan industri yang baru saja mengambil langkah kecilnya. Dengan perusahaan seperti Bitwise Asset Management dan berbagai bursa terkemuka secara proaktif menangani volume palsu di pasar cryptocurrency dan membersihkan industri, dalam jangka panjang, masalah yang disoroti oleh SEC diharapkan akan diselesaikan secara bertahap. Read the full article

[ct3ch]

Elon Musk says the SEC can't stop him from tweeting what he wants

Elon Musk says the SEC can’t stop him from tweeting what he wants

Elon Musk says nobody censors his Twitter in the wake of his settlement with the SEC. As part of that deal over the securities fraud charge for his tweetsabout taking Tesla private, the entrepreneur agreed to step down as chairman and establish “additional controls and procedures” for his communications. “The only tweets that would have to be say reviewed would be if a tweet had a…

[detikdax-blog]

Langkah Berikutnya SEC: Influencer Media Sosial yang Mempromosikan Crypto ICOs

The Securities and Exchange Commission (SEC) secara aktif menindak kripto  awal koin korban (ICO) proyek dan seorang pejabat tinggi mengatakan awal tahun ini bahwa puluhan kasus yang tertunda. Gelombang penegakan berikutnya oleh SEC, dirangsang oleh penyelesaian baru-baru ini dengan petinju profesional Floyd Mayweather dan produser musik DJ Khaled, diperkirakan akan menjadi influencer sosial media yang telah mempromosikan ICO ke masyarakat umum.

Kapan ICO Mempromosikan Penipuan?

Penulis, selebriti YouTube, platform ulasan cryptocurrency, publikasi, dan banyak lagi individu dan organisasi dapat ditargetkan oleh SEC jika ada bukti yang cukup untuk membuktikan bahwa seseorang atau organisasi menerima kompensasi dari penyelenggara ICO untuk mempromosikan penjualan token, tanpa mengungkapkan jumlah diterima dari proyek ICO ke audiens target. "Setiap selebriti atau individu lain yang mempromosikan token virtual atau koin yang merupakan keamanan harus mengungkapkan sifat, ruang lingkup, dan jumlah kompensasi yang diterima dalam pertukaran untuk promosi," kata SEC tahun lalu, menekankan bahwa kegagalan untuk mengungkapkan kompensasi adalah dianggap sebagai aktivitas penipuan. 2/2 ... Social media influencers are often paid promoters, not investment professionals, and the securities they’re touting, regardless of whether they are issued using traditional certificates or on the blockchain, could be frauds.” https://t.co/WzgvPU7Esg — SEC Enforcement (@SEC_Enforcement) November 30, 2018 Pada tanggal 28 November, SEC menindaklanjuti pernyataan sebelumnya dan mengatakan bahwa investor harus menyadari selebriti yang mempromosikan token di blockchain . Komisi itu mengatakan : “Investor harus skeptis terhadap saran investasi yang diposting ke platform media sosial, dan tidak boleh membuat keputusan berdasarkan dukungan selebriti. Tokoh media sosial sering dibayar promotor, bukan profesional investasi, dan sekuritas yang mereka gembar-gemborkan, terlepas dari apakah mereka dikeluarkan menggunakan sertifikat tradisional atau pada blockchain, bisa menjadi penipuan. ” Jika seorang selebriti secara terbuka mempromosikan ICO setelah menerima pembayaran untuk melakukannya, dan ICO dianggap sebagai sekuritas oleh SEC, individu tersebut dapat dilihat sebagai pelanggar peraturan sekuritas AS oleh SEC.

Sebagian besar ICO adalah Efek

Selama tujuh bulan terakhir, Coinbase , pertukaran fiat-ke-crypto terbesar di pasar AS, telah bekerja dengan regulator untuk daftar aset digital tambahan pada platformnya. Pada bulan Mei, Coinbase mengumumkan minatnya dalam membuat daftar Stellar (XLM) , Cardano (ADA) , 0x (ZRX) , Zcash (ZEC) , dan Token Perhatian Dasar (BAT) . Maju cepat hampir tujuh bulan, pertukaran hanya mampu menambah tiga dari lima mata uang kripto yang ditetapkan untuk diintegrasikan. Coinbase telah berhati-hati dalam memastikan bahwa aset digital tidak diakui sebagai keamanan oleh SEC karena dalam kasus hipotetis bahwa aset yang didaftar oleh pertukaran dinyatakan sebagai keamanan oleh pemerintah AS, pertukaran dapat dituntut karena mendistribusikan secara tidak sah sekuritas tidak terdaftar . Pada hari Selasa, Hacked.com melaporkan bahwa Jay Clayton, ketua SEC, mengatakan bahwa komisi tersebut memandang sebagian besar ICO di pasar global sebagai sekuritas: “Kami tidak percaya Bitcoin adalah keamanan. Banyak ICO yang Anda lihat dan Anda bicarakan, mereka adalah sekuritas. Dan jika Anda akan menawarkan atau menjual sekuritas, Anda harus melakukannya sesuai dengan hukum kami. Kami sudah jelas tentang itu, tindakan terbaru lebih lanjut menekankan bahwa undang-undang sekuritas kami untuk diterapkan pada ruang ICO, dan jika orang-orang akan mengumpulkan uang menggunakan penawaran koin awal mereka harus melakukannya dalam penempatan pribadi atau mendaftar dengan SEC . " Mempromosikan ICO yang diakui sebagai keamanan tanpa mengungkapkan kompensasi kepada audiens target dapat menghasilkan penalti yang dua kali lebih besar dari kompensasi itu sendiri, seperti yang terlihat dalam kasus Floyd Mayweather yang membayar lebih dari $ 600.000 untuk menerima $ 300.000 untuk mempromosikan tiga ICO.   Read the full article

[suitedgladiators]

ABAJournal

Axiom makes initial filing with SEC to take company public. https://t.co/TNbj0Vjo4x #LawPracticeManagement #Axiom #SecuritiesandExchangeCommission pic.twitter.com/v5O2zBtg3C

— ABA Journal (@ABAJournal) February 19, 2019

via Blogger https://ift.tt/2SMvRZi http://bit.ly/20qd6Z0

[cryptocoingrowth]

VanEck Says Bitcoin ETF Concerns ‘Resolved’ at Meeting With SEC #Bitcoin #BitcoinRegulation #Companies #ETF #Featured #News #Newsteaser #SecuritiesandExchangeCommission #VanEck Entities seeking to launch a Bitcoin ETF (exchange-traded fund) met with the US Securities and Exchange Commission (SEC) October 23 as one commissioner spelled out the expectations in fresh media comments.

[instapicsil2]

📢 Sens. Bernie Sanders and Elizabeth Warren speak during a rally Wednesday outside the Capitol. Both senators oppose to be President Donald Trump's nomination of Jay Clayton to be Chairman of the Securities and Exchange Commission. 📷: @johnshinkle / POLITICO #SEC #securitiesandexchangecommission #jayclayton #berniesanders #elizabethwarren #rally #capitolhill #senate #senators #presidenttrump #donaldtrump #politics http://ift.tt/2nEqP0r

[instatrack]

📢 Sens. Bernie Sanders and Elizabeth Warren speak during a rally Wednesday outside the Capitol. Both senators oppose to be President Donald Trump's nomination of Jay Clayton to be Chairman of the Securities and Exchange Commission. 📷: @johnshinkle / POLITICO #SEC #securitiesandexchangecommission #jayclayton #berniesanders #elizabethwarren #rally #capitolhill #senate #senators #presidenttrump #donaldtrump #politics http://ift.tt/2nEqP0r

[bitcoincables]

Bitcoin Price Drops Despite ETF Approval: "Buy the Rumor, Sell the News" Trend Continues

It has been a turbulent year so far for Bitcoin, following the "buy the rumor, sell the news" trend. The price of Bitcoin has dropped by 1.5% this week, marking its worst weekly performance since the end of 2023. This decline comes despite the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), which was seen as a positive development for the cryptocurrency market.

The SEC's approval of spot Bitcoin ETFs generated optimism among investors, especially larger institutions, leading to a rally in Bitcoin's price. However, once the news was announced, some investors decided to take their profits and exit their positions. This selling pressure has caused the price of Bitcoin to decline.

There are a few factors contributing to the "buy the rumor, sell the news" pattern for Bitcoin this year. Firstly, the volatility of the cryptocurrency market and the potential for short-term gains attract traders who want to benefit from price movements. Secondly, regulatory concerns and increased government scrutiny have created uncertainty in the market. Lastly, the approval of spot Bitcoin ETFs, while positive overall, led some investors to cash out their gains.

This article is originally from Barron's.

📉 #BitcoinPerformance 🔄 #BuyTheRumorSellTheNews 💵 #CryptoMarket 📰 #SecuritiesAndExchangeCommission

[bitcoincables]

Understanding Bitcoin ETFs and their Implications for Investors

This article discusses the confusion surrounding the approval of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC). Yesterday, the SEC's Twitter account mistakenly posted that the ETFs had been approved, causing bitcoin prices to surge and then plunge when the mistake was corrected. This incident has raised concerns about the credibility of the crypto market for retail investors. Despite the confusion, the ETFs could still be approved today and begin trading tomorrow. The article explores whether retail investors should consider buying these bitcoin ETFs. Experts recommend considering bitcoin as an underlying asset and not being driven by FOMO (fear of missing out). It is important to allocate only a small percentage of the portfolio, ideally between 1% and 3%, to bitcoin due to its volatility. Experts also advise investing only what one can afford to lose without regret. When selecting an ETF, factors like cost, liquidity, and custodian of the underlying assets should be considered. Cheaper ETFs with Coinbase as custodian are considered promising options. In an earlier essay, the SEC advised caution when investing in digital currencies or tokens. They emphasized that these are new investments carrying significant risks. Retail investors are urged to invest only money they are willing to lose, aiming to avoid financial devastation if the investment doesn't pan out. Overall, the confusion surrounding the approval of spot bitcoin ETFs by the SEC has highlighted the challenges and risks associated with investing in the crypto market. Retail investors need to carefully consider their interest in bitcoin, the percentage of their portfolio they are willing to allocate to it, and the specific ETF options available before making any investment decisions. Original article: Read More #Bitcoin #ETF #CryptoMarket #SecuritiesAndExchangeCommission

[bitcoincables]

Regulators Warm Up to Bitcoin ETF Amid Accelerated Discussions

Discussions between U.S. financial regulators and applicants for a bitcoin exchange-traded fund (ETF) have progressed to "key technical details," indicating that the much-anticipated offering may soon become a reality 💼. Meetings between the Securities and Exchange Commission (SEC) and investment funds seeking to list the bitcoin ETFs have intensified, leading applicants to amend their filings based on regulatory feedback. Sources suggest that a recent federal court ruling requiring the SEC to reconsider Grayscale's previously rejected bitcoin ETF application has reduced the legal grounds for rejecting other outstanding applications. Several firms, including BlackRock and Fidelity, have applied for a bitcoin ETF, which would enable investment in bitcoin without direct ownership of the cryptocurrency. Analysts believe that the "window" for approval of a bitcoin ETF is January 5-10, 2024, coinciding with the application deadline of ARK Invest, led by Cathie Wood 🗓️.

The potential approval of a bitcoin ETF would provide investors with exposure to the digital asset without the need to directly trade on an exchange. SEC Chairman Gary Gensler, previously skeptical of cryptocurrencies, appears to have become more open to the idea of expanding bitcoin investment opportunities in recent months. Bitcoin's soaring performance, up 160% year-to-date, has reignited interest in the cryptocurrency after a challenging 2022 marked by bankruptcies of crypto firms like FTX. A spot bitcoin ETF could significantly boost investor participation in the market and contribute to its further growth. Market experts believe that the stage is set for the approval of a bitcoin ETF, with January 2024 being a potential milestone for this long-awaited development 🚀.

Read the original article here.

💼 #BitcoinETF #SecuritiesandExchangeCommission #FinancialRegulation

[theinfostride]

SEC, Oando reach truce to protect shareholders After four years of rift, the Securities... Read more: https://bitly.com/3itDYnH #Oando #SEC #SecuritiesandExchangeCommission #BusinessMatters