#spot crypto ETF

[coingabbarnew]

Grayscale Dogecoin Trust: A New Era for $DOGE Investment

Grayscale has introduced the Dogecoin Trust, marking a new era for $DOGE investment. This initiative provides institutional and retail investors with a secure and regulated way to gain exposure to Dogecoin without directly holding the asset. The trust aims to bridge the gap between traditional finance and the crypto market, further legitimizing Dogecoin as a viable investment. As interest in meme coins grows, Grayscale’s move could enhance $DOGE’s adoption, stability, and long-term potential in the financial ecosystem. To know more- DOGE price

[insiderexpertwolf]

Bitcoin Spot ETFs: Your Comprehensive Guide to Investing in Direct Bitcoin Exposure

The Dawn of Direct Bitcoin Investment Through ETFs

Since Bitcoin's inception in 2009, the cryptocurrency market has undergone remarkable evolution. Once primarily the domain of tech enthusiasts, Bitcoin has matured into a recognized investment instrument accessible to institutional and retail investors through various financial products. Among these, Exchange-Traded Funds (ETFs) have emerged as a favored option, providing indirect exposure to Bitcoin markets. Previously, investors in the US primarily had access to Bitcoin Futures ETFs. However, the landscape shifted dramatically in January 2024, with the approval of several Bitcoin Spot ETFs by the SEC. This landmark decision allows investors to gain direct exposure to Bitcoin's price movements through regulated investment funds. This comprehensive guide will delve into the intricacies of Bitcoin Spot ETFs, exploring their features, benefits, risks, and how to navigate this exciting new investment avenue.

Understanding Bitcoin Spot ETFs: A Direct Approach to Bitcoin Exposure

A Bitcoin Spot Exchange-Traded Fund is an investment fund that directly tracks the current market price of Bitcoin, known as the spot price. Unlike Futures ETFs, which invest in Bitcoin futures contracts, Spot ETFs hold actual Bitcoin as their underlying asset. When you invest in a Bitcoin Spot ETF, the fund purchases and securely stores Bitcoin on your behalf. The value of the ETF's shares will then fluctuate in direct correlation with the market price of Bitcoin. This direct exposure is a key differentiator and a significant draw for many investors.

Key Features of Bitcoin Spot ETFs:

Direct Exposure to Bitcoin Price: Spot ETFs provide a straightforward way to gain exposure to Bitcoin's price performance without directly owning and managing the cryptocurrency.

Transparency: The value of a Bitcoin Spot ETF is directly linked to the easily observable market price of Bitcoin, offering price transparency.

Potentially Lower Costs: Because Spot ETFs do not involve the complexities of futures contracts and their associated rollover costs, they may have lower management expenses in the long run.

Traditional Tax Treatment: Investors in Spot Bitcoin ETFs generally benefit from traditional tax treatment on capital gains, similar to other securities.

Accessibility Through Brokerage Accounts: Bitcoin Spot ETFs are traded on stock exchanges, making them easily accessible through standard brokerage accounts.

Benefits of Investing in Bitcoin Spot ETFs

Bitcoin Spot ETFs offer several compelling advantages for investors:

Simplified Bitcoin Exposure: They provide a hassle-free way to invest in Bitcoin without the need to navigate cryptocurrency exchanges, digital wallets, and private keys. The fund handles the complexities of Bitcoin custody and security.

Enhanced Liquidity: As ETFs traded on major exchanges, they offer high liquidity, allowing investors to easily buy and sell shares.

Regulatory Oversight (Now in the US): With the SEC's approval, US-based Bitcoin Spot ETFs operate within a regulated framework, potentially offering a greater sense of security and investor protection.

Integration into Traditional Portfolios: Spot ETFs can be seamlessly integrated into existing investment portfolios held in traditional brokerage accounts.

Potential for Long-Term Growth: For investors with a long-term outlook on Bitcoin, Spot ETFs offer direct participation in its price appreciation.

Potential Drawbacks and Considerations of Bitcoin Spot ETFs

While offering numerous benefits, it's crucial to acknowledge the potential drawbacks:

Custody Risks: Although the fund manages Bitcoin storage, there are inherent risks associated with securely warehousing large amounts of cryptocurrency, making them potential targets for attackers.

Market Volatility: Like Bitcoin itself, Bitcoin Spot ETFs are subject to significant price volatility, which can lead to substantial gains or losses.

Regulatory Uncertainty (Ongoing): While Spot ETFs are now approved in the US, the regulatory landscape for cryptocurrencies is still evolving, which could impact these investment products in the future.

Fees and Expenses: While potentially lower than Futures ETFs, Spot ETFs still charge management fees and expense ratios, which can impact overall returns.

Bitcoin Spot ETF vs. Bitcoin Futures ETF: Understanding the Key Differences

Before the approval of Spot ETFs, Bitcoin Futures ETFs were the primary option in the US for ETF-based Bitcoin exposure. Understanding their differences is crucial for making informed investment decisions.

Guide: How to Invest in Bitcoin Spot ETFs

Investing in Bitcoin Spot ETFs is a straightforward process similar to investing in traditional stocks or other ETFs. Here's a step-by-step guide:

Select a Brokerage Account: You'll need an account with a brokerage firm that offers access to ETFs. Popular options include Schwab, Fidelity, TD Ameritrade, and Robinhood.

Research and Choose a Bitcoin Spot ETF: Several Bitcoin Spot ETFs are now available. Consider factors like the fund's expense ratio, trading volume, and the reputation of the issuer. Examples include BlackRock iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Trust (GBTC) (converted from a previous Bitcoin investment product), Fidelity Wise Origin Bitcoin Trust (FBTC), and ARK 21Shares Bitcoin ETF (ARKB).

Evaluate Fees and Expenses: Pay close attention to the expense ratio, which represents the annual cost of managing the fund. These fees typically range from 0.2% to 1% annually. Lower expenses can lead to better long-term returns.

Determine Your Investment Amount: Consider your risk tolerance and investment goals. You might consider Dollar-Cost Averaging (DCA), which involves investing a fixed amount of money at regular intervals to mitigate the risk of buying at a market peak.

Purchase ETF Shares: Once you've chosen an ETF and determined your investment amount, you can place an order through your brokerage account. You can use a market order for immediate purchase at the current market price or a limit order to specify the price at which you are willing to buy.

Monitor and Adjust Your Investment: Regularly review the performance of your Bitcoin Spot ETF and ensure it still aligns with your investment objectives. Bitcoin's market is cyclical, so periodic portfolio evaluations are essential.

Tips for Investing in Bitcoin Spot ETFs

Do Your Own Research: Understand the risks and potential rewards of investing in Bitcoin and Bitcoin ETFs before committing capital.

Consider Your Risk Tolerance: Bitcoin and its related investment products are volatile. Only invest what you can afford to lose.

Think Long-Term: Bitcoin Spot ETFs may be more suitable for investors with a long-term investment horizon who seek direct exposure to Bitcoin's price movements.

Diversify Your Portfolio: Don't put all your investment eggs in one basket. Diversification across different asset classes can help manage risk.

Stay Informed: Keep up-to-date with the latest news and developments in the cryptocurrency market and the regulatory landscape.

Conclusion: Embracing Direct Bitcoin Exposure Through Spot ETFs

The approval of Bitcoin Spot ETFs in the United States represents a watershed moment for cryptocurrency investing. It provides a more direct, accessible, and potentially cost-effective way for investors to gain exposure to Bitcoin's price performance compared to previous options like Futures ETFs. While inherent risks associated with Bitcoin's volatility remain, Spot ETFs offer a compelling investment vehicle for those seeking to incorporate Bitcoin into their portfolios within a regulated framework. As the cryptocurrency market continues to mature and regulatory landscapes evolve, Bitcoin Spot ETFs are poised to play a significant role in the future of digital asset investment. Investors should carefully consider their investment objectives, risk tolerance, and conduct thorough research before investing in these innovative financial products.

[fastapkhub]

Bitcoin Spot ETFs: The Institutional Gold Rush That Could Push Bitcoin's Price Sky High

Unlocking the Crypto Floodgates: Understanding the Potential Impact of Bitcoin ETFs In the rapidly evolving world of cryptocurrency, one topic that has been generating significant buzz is the concept of a Bitcoin Exchange-Traded Fund (ETF). As the crypto community eagerly awaits the potential approval of a Bitcoin ETF by regulatory bodies, it’s crucial to understand the implications and…

[dencyemily]

Ethereum Surge and Altcoin Trends: The Impact of Institutional Interest

Altcoin Daily's exploration of the dynamic cryptocurrency market unfolds a narrative where Ethereum takes center stage, steering the momentum of altcoins. An in-depth analysis unravels the intricacies of Bitcoin's surge, Ethereum's positive trajectory, and notable developments within altcoins like TAO, AIT, and SOL.

Ethereum's ascendancy to a potential turbo-parabolic rise captures attention, primarily propelled by institutional interest. The anticipated Ethereum Spot ETF serves as a pivotal driver, signaling a bullish trend that could see Ethereum surpass the $3,100 mark—a significant milestone not witnessed since April 2022. The involvement of institutional giants such as BlackRock hints at a broader acceptance of cryptocurrencies in traditional finance.

The Ethereum ecosystem remains abuzz with activity, particularly with the integration of Layer 2 enhancements. These advancements, promising reduced transaction costs, emerge as a critical factor for the success of an ETF. The recent surge in Uniswap's price, catalyzed by a fee-sharing proposal, highlights the platform's increasing influence and relevance.

The impending Dencun upgrade adds another layer to Ethereum's narrative, aiming to enhance compatibility and speed while presenting a competitive challenge to platforms like Solana. The integration of the Mina Protocol, with its minimal gas fees for smart contract interactions, contributes to Ethereum's efficiency. The launch of the AIT subnet on Bit Tensor introduces improvements in response accuracy for large language models, extending benefits to miners.

Across the broader cryptocurrency market, substantial price movements come into focus. Bitcoin's surge to $56,300.66, representing a 9.32% increase, sets a positive tone. Ethereum closely follows with a 4.02% rise, reaching $3,230.59. Solana experiences an uplift of 6.23%, reaching $110.64.

Bittensor's price records an uptick, reaching $607.96, reflecting a 7.21% increase and a market cap nearing $3.8 billion. Conversely, AIT Protocol sees a dip of 8.33%, now priced at $0.780691.

These unfolding dynamics offer a vivid portrayal of the crypto landscape. The convergence of institutional interest and technological advancements positions the market for an exciting future. As the market dynamics evolve, these trends serve as valuable indicators for the potential trajectories of various cryptocurrencies.

[kentonralphtoews]

In this month’s interview with Cory Fleck of KER, we discussed the recent significant rebound in Bitcoin’s price following a drop post-ETF approvals. We covered recent data on ETF inflows, comparing that to the current mining rates, and explored the connection to the upcoming #Bitcoin halving in April, which occurs every four years. We also touched on the implications of the halving on Bitcoin miners and other cryptocurrencies.

[cryptonstocks]

Ash and Booker’s Take on the December Rally: Hold Your Horses or Giddy Up?

Join Ash and Booker as we delve into the prospects of a December Rally in the markets and crypto. 📊💼 Our latest article offers a unique perspective with a touch of country wisdom. Stay ahead of the curve with our insights! #Finance #CryptoAnalysis #MarketTrends

[cryptoupdate24houre]

DTCC वेबसाइट पर दिखे Invesco-Galaxy के spot Bitcoin ETF - HI

Invesco और Galaxy के स्पॉट Bitcoin ETF के टिकर BTCO डिपॉजिटरी ट्रस्ट एंड क्लियरिंग फंड कॉर्पोरेशन (DTCC) की वेबसाइट पर दिखाई दिए हैं।

Invesco

[defienomy]

PlanB Transfers Bitcoin to ETFs, Prefers ‘Peace of Mind’

PlanB, a well-known crypto analyst, has made a big move. He transferred all his bitcoins to spot ETFs. He likes the simplicity and peace of mind this brings.

This change shows a new way for PlanB to invest in bitcoin. He no longer has to worry about managing private keys. This move shows more people are interested in investing in bitcoin ETFs.

The Dutch wealth tax is about 2% on annual net assets. This means PlanB avoids capital gains tax when transferring. It’s a smart move for him.

More ...

[burpee01]

BlackRock Issues Serious Fed Warning As Crypto Braces For A Predicted 50% Bitcoin Price Crash BitcoinBitcoin -1% has bounced back from a price crash last week, climbing along with stock markets as traders hold their breath for a Federal Reserve bombshell.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" in the aftermath of bitcoin's halving earthquake!

The bitcoin price has climbed back toward $60,000 per bitcoin after dropping toward $50,000 due to "extreme fear" taking hold of the market.

Now, as traders search for signs the market could be headed for recovery, analysts with the world's largest asset manager and bitcoin spot exchange-traded fund (ETF) issuer BlackRock have warned they see more "volatility flare-ups ahead," and predicted the Fed won't cut rates as quickly as markets expect.

[nightpool]

> "A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday.

> "The SEC’s X account was compromised and a fake post claiming that the agency had green lit plans for the products fueled a brief surge in the price of the world’s biggest cryptocurrency. It also has sparked an investigation by US authorities into how a social media account at Wall Street’s main regulator was compromised. …"

Look, I have no inside information, but most of the reporting I have read about spot Bitcoin ETFs has said that 1. the SEC is going to approve them, 2. by the end of today, and 3. this is public knowledge that everyone believes.

So you would think it would be pretty priced in? It just does not seem to me like there would be a ton of alpha in (1) constantly refreshing the SEC’s Twitter account, (2) looking for a tweet saying “okay spot Bitcoin ETFs are cool now,” and (3) buying Bitcoin on the news. Which implies there would not be a ton of alpha in (1) buying a bunch of Bitcoin, (2) hacking the SEC’s Twitter account, (3) tweeting “okay spot Bitcoin ETFs are cool now” and (4) selling your Bitcoin into the resulting enthusiasm.

[...]

Doesn’t it seem at least possible that this hack was just trolling? It didn’t move Bitcoin prices that much, and it shouldn’t have: The fake announcement was something that everyone expects to actually be true today. But it is very funny? The key element of online trolling is irony, and there is plenty of irony here. Like:

1. The crypto community and the SEC do not particularly like each other: Gensler’s SEC has launched a broad and aggressive crackdown on crypto, and it is only going to (probably!) approve spot Bitcoin ETFs today because a court forced it to. If you’re a Bitcoin enthusiast with the skills to hack the SEC’s Twitter, you might want to manipulate the price of Bitcoin, but you might also just want to make the SEC look bad.

2. Having the SEC (1) announce that Bitcoin ETFS are approved, (2) walk back that announcement, and then (3) announce it again, for real this time, the next day, really is quite embarrassing. Like if the hacker made the SEC say something outlandish and false, that would be a little funny. But making the SEC say something true a day early is extremely funny.

3. In addition to cracking down on crypto, one of the SEC’s big regulatory priorities under Gensler has been punishing companies for cybersecurity incidents.[2] The SEC once sued a company for using weak passwords, and its enforcement director said that the case “underscores our message to issuers: implement strong controls calibrated to your risk environments.” But apparently the SEC’s Twitter was compromised because it didn’t turn on two-factor authentication. Nyah nyah nyah nyah nyah!

[...]

Anyway, the great counter-troll here would be for the SEC to announce today “you know what, all the Bitcoin ETF applications are rejected, we’ll see you in court again. We were going to approve them, but it turns out that the Bitcoin market is still too vulnerable to manipulation, as you can tell by the fact that someone hacked our Twitter to manipulate Bitcoin.”

[coinguitar]

Japan’s Crypto ETF Approval Delayed

Japan, once a pioneer in the cryptocurrency space, has adopted a more conservative stance towards crypto-based exchange-traded funds (ETFs). While global markets have embraced spot Bitcoin and Ether ETFs, Japan’s regulators remain cautious, citing tax and regulatory concerns. The United States and Hong Kong have made significant strides in approving spot Bitcoin and Ether ETFs, reflecting a…

[wecoinverse]

Exciting news in the crypto world! 🚀

Spot #Ethereum #ETFs are expected to debut the week of July 15, according to an ETF expert.

Stay tuned for more updates🌐💎

[reddragdiva]

by Amy Castor and David Gerard

[softwaredynamism]

Solana's Secret Weapon: How it Dethroned BNB

Solana Surged Past BNB Chain, Claiming Fourth Spot in Global Market Cap Rankings Last Week.

Solana has been making waves in the cryptocurrency world, consistently surpassing Ethereum

in daily decentralized exchange (DEX) trading volume. This trend, coupled with innovations in

decentralized physical infrastructure networks (DePINs), signals a potential shift in the crypto

landscape that could have far-reaching implications.

Key Highlights:

● Solana overtook BNB chain in Market Cap this week, making them fourth place in the

overall global market cap

● Solana overtook Ethereum in DEX volume again, with $848.71 million compared to

Ethereum's $778.66 million on July 1, 2024.

● Firedancer, a new high-performance validator client, promises to boost significantly

Solana's transaction processing capabilities .

● Solana's low fees and high efficiency are driving its growing popularity.

● Innovations in DePINs, like those proposed by Koii Network, could further accelerate this

trend.

Solana's Rising Dominance

The latest data shows Solana surpassing Ethereum in daily DEX trading volume, with $848.71

million compared to Ethereum's $778.66 million on July 1, 2024. This "flipping" event is

becoming more frequent, occurring approximately every 10 days in recent months. This

increased frequency suggests a growing shift in user preference and network activity. Moreover,

Solana has received a great deal of interest from institutional investors as a potential candidate

for the launch of a future spot ETF.

Solana's appeal lies in its low transaction fees and high efficiency, making it more

capital-efficient for traders. This efficiency allows for profitable trades at lower values and

enables high-frequency trading, contributing to higher overall volumes.

#DePIN - The Decentralized Infrastructure Revolution

While Solana's growth is impressive, innovations in DePINs could further accelerate this trend

and reshape the entire blockchain landscape. The Koii Network, for example, proposes novel

solutions to enhance scalability and reliability of decentralized networks by leveraging consumer

computing capacity.

Koii introduces two key innovations:

1. SCALEs (Succinct Curated Acyclic Ledger Extensions): These efficient large archives

are event streams with dynamic audits and incentives, addressing blockchain scalability

challenges.

2. CARP (Compute Attribution and Reputation Protocol): This standardizes reputation

management to boost network security and reduce audit inefficiencies.

The above innovations have the capacity to support a wide range of decentralized applications,

from streaming services to AI-driven search engines and uncensorable social platforms. By

tapping into underutilized and idle consumer hardware resources, they aim to create a more

efficient and equitable digital economy.

KOII: A Fork Built on Solana's Strengths

Recognizing Solana's potential, KOII, an innovative blockchain project, has forked the Solana

codebase to create its own unique ecosystem. KOII's decision was influenced by Solana's Proof

of History consensus mechanism, which provides an excellent framework for DePIN

applications. The recent growth of the Solana ecosystem further validates KOII's choice.

However, KOII isn't just a Solana clone. It has introduced several key differences that set it

apart:

1. Leveraging Consumer Hardware: KOII taps into the vast potential of consumer devices,

creating a more decentralized and accessible network.

2. Multi-Token Support: Unlike many blockchain networks, KOII allows users to pay fees in

various tokens, supporting a diverse ecosystem.

3. Shorter Epoch Time: This feature enables faster network updates and more responsive

governance.

4. Off-chain Storage Integration: KOII reduces on-chain data load by integrating with

off-chain storage solutions, enhancing scalability.

5. Flexible Smart Contracts: KOII's smart contract system offers greater flexibility, allowing

for more complex and diverse applications.

6. Minimal On-chain Data Load: By utilizing off-chain hooks, KOII minimizes the amount of

data stored directly on the blockchain, improving efficiency and reducing costs.

While Koii has been up and running for a couple years, their whitepaper is still one of the best

ways to learn more about how this fits into the broader Solana landscape. Read more here:

koii.network/whitepaper

Firedancer: Boosting Solana's Potential

Solana's rising dominance is further bolstered by the development of Firedancer, a new

high-performance validator client. Created by Jump Crypto, Firedancer aims to dramatically

increase Solana's transaction processing capabilities, potentially handling over 1 million

transactions per second.

This significant upgrade not only enhances Solana's appeal as a leading Layer 1 blockchain but

also addresses the network's need for client diversity. By providing a fourth validator client

option, Firedancer strengthens Solana's resilience against bugs, code exploits, and attacks,

positioning it to better compete with other top cryptocurrencies. The introduction of Firedancer

could be a game-changer in Solana's quest to challenge Ethereum's dominance in the DeFi

space

Future Implications

The rise of Solana and the development of new decentralized infrastructure technologies point

to a future where blockchain networks can handle greater transaction volumes (i.e., TPS) with

increased efficiency. This could lead to:

1. More competitive DEX environments, potentially driving down costs for users.

2. Increased adoption of decentralized finance (DeFi) applications due to lower barriers to

entry.

3. The emergence of new types of dApps that were previously unfeasible due to scalability

limitations.

However, it's important to note that Ethereum still maintains a significant lead in total value

locked (TVL) and overall ecosystem size. Ethereum's TVL stands at $59 billion compared to

Solana's $4.5 billion, indicating that Ethereum's dominance in the broader DeFi landscape

remains strong.

Conclusion

As Solana continues to gain ground on Ethereum in terms of DEX volume, and newtechnologies like Koii's SCALEs and CARP emerge, we may be witnessing the early stages of a

major shift in the blockchain and cryptocurrency landscape. These developments could lead to

more efficient, scalable, and user-friendly decentralized networks, potentially accelerating the

adoption of blockchain technology across various sectors.

For those interested in being part of this revolution, there are two primary ways to get involved, one of which is

1. Run a KOII Node: Contribute to the network's decentralization and earn rewards.

As the blockchain landscape evolves, Solana's rise and its influence on projects like KOII

showcase the dynamic nature of the crypto ecosystem. The flippening of BNB may just be the

beginning of Solana's journey to the top, with far-reaching implications for the future of

decentralized technologies.

However, it's crucial to remember that the crypto market is highly volatile and that Ethereum's

established ecosystem and ongoing upgrades could help it maintain its leading position. As

always, investors and users should conduct thorough research and consider the risks before

participating in any cryptocurrency-related activities.

[dencyemily]

Bitcoin ETF Trading Surges, Reaching 40% of Centralized Exchange Volumes

The recent surge in Bitcoin's spot ETF trading volume, reaching an impressive 40% of centralized exchange levels, signifies a remarkable step forward in the integration of traditional finance with the crypto market. On-chain analyst Ki Young Ju's revelation sheds light on the increasing engagement of institutional investors through ETFs, underscoring growing confidence in Bitcoin as both a store of value and an investment asset.

In parallel, analyst Ali provides valuable insights into Bitcoin's short-term price action, utilizing the TD Sequential indicator on the 10-minute chart. Ali's analysis identifies key support and resistance levels, with the support trendline positioned at $51,700 and the resistance trendline at $52,515. These levels serve as critical indicators, guiding investors and traders in assessing Bitcoin's immediate price movements.

The interplay between these support and resistance levels becomes crucial in influencing market sentiment and trader behavior. A sustained close above or below this range holds the potential to signal the next major move for Bitcoin. This delicate balance reflects the short-term dynamics of the market, requiring astute attention to technical indicators for informed decision-making.

Bitcoin is currently trading at $51,948, showing a slight decline of 0.87% in the last 24 hours. However, over the past week, Bitcoin has surged by 3.87%, with an impressive $21.7 billion in 24-hour trading volume. This resilience in the face of short-term fluctuations demonstrates the robust activity and liquidity within the crypto market.

As investors navigate through a period of volatility and uncertainty, the importance of technical analysis comes to the forefront. Insights from analysts like Ki Young Ju and Ali offer valuable perspectives, providing a nuanced understanding of market movements. The surge in Bitcoin ETF spot trading volume signals a broader trend of increasing institutional participation, shaping Bitcoin's trajectory in the evolving landscape of the crypto market.

[kentonralphtoews]

In my latest interview with Cory Fleck of KER, we recapped the volatile 2-year journey of Bitcoin prices. I outlined key economic drivers and market influences behind these fluctuations, as well as timelines for the approval of a spot bitcoin ETF in 2024 and the potential impact on crypto prices. I neglected to mention the potential for bitcoin pulling back in the short term. I would not be surprised to see it come down around $31k to consolidate and then continue moving back up. Once all the ETFs get approved, there will be a small army of salesman promoting them, therefore, I believe the bitcoin price will go up while the ETFs are growing.