Bloomberg Analyst Updates Prediction on Bitcoin ETF Approval

Bloomberg Senior ETF Analyst Eric Balchunas is holding firm on his prediction that there is a 90% chance a Bitcoin exchange-traded fund (ETF) will gain approval from the U. S. Securities and Exchange Commission (SEC) by January 10th.

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Bitcoin Could See ETF Approval Tsunami: Analyst

Analyst predicts a tsunami of spot Bitcoin ETF approvals in the U.S. by January 2024

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ETF Analyst Claims $30 Trillion Could Flow into Cryptos If Spot ETF Is Approved, Litecoin (LTC) And DigiToads (TOADS) Demand Skyrockets

The cryptocurrency world is on the brink of an earth-shattering development as BlackRock, the renowned titan of asset management seeks approval for a bitcoin ETF. This landmark event has caught the attention of financial experts with one analyst making a bold claim.

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Exciting features pumping DigiToads Presale 10X within next 6 months

A Bloomberg ETF analyst recently gave an exclusive interview with Cointelegraph and stated that a Bitcoin (BTC) Spot ETF could unlock $30 trillion for the crypto market. This influx of capital would sThe post Exciting features pumping DigiToads Presale 10X within next 6 months appeared first on AMBCrypto.

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Bitcoin ETF Breakthrough: SEC Greenlights Valkyrie Application

The Valkyrie spot Bitcoin ETF application has now been acknowledged by the United States Securities and Exchange Commission (SEC), according to Eric Balchunas, a senior ETF analyst of Bloomberg.  The acceptance of the application opens up the pathway for public scrutiny, inviting feedback before an official review takes place.

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First Mover Asia: Bitcoin Hovers Near $30.3K After Expected Correction. Retail Investor Enthusiasm 'Likely to Increase': Analyst

The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.

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Bitcoin ETF Bullish Effect on Bitcoin (BTC) Price Has One More Signal, Analyst Says

Seasoned crypto expert and former senior analyst of Messari Tom Dunleavy foresees huge BTC spot buying, here's why

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Bitcoin Milestone Ahead: Analyst Bullish On BTC Hitting $36,000

Recently, investor sentiment has improved, pushing Bitcoin’s (BTC) price to a year high amid a spree of spot ETF applications by top US-based asset managers. Since the ETF buzz, the crypto asset has been fighting to sustain new-found support while claiming higher positions.

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There’s A 50% Chance BlackRock’s Spot Bitcoin ETF Gets Greenlight From SEC, Top Bloomberg Analyst Predicts

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BITX records $5.5M in trade volume on launch day

Quick Take Eric Balchunas, Senior ETF Analyst for Bloomberg, has highlighted BITX as one of the most successful Bitcoin ETF launches of 2023. BITX is a leveraged Bitcoin Futures ETF that provides 2x exposure to BTC through futures contracts launched on June 27.

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BlackRock has ‘50% chance’ of getting spot Bitcoin ETF approved: Analyst

Bloomberg’s senior ETF analyst believes BlackRock has an even chance of getting its Bitcoin ETF green-lit, as Grayscale looks more likely to win its case against the Securities and Exchange Commission.

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Fidelity may soon file for a spot bitcoin ETF

The Block says Fidelity is next in line to file for a spot bitcoin ETF. Oanda analyst Edward Moya shares his view on the Fidelity news. BlackRock also filed for such an exchange-traded fund last week.

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BITX achieves $500K trading volume in first 15 minutes after launch

Quick Take Eric Balchunas, a Senior ETF Analyst at Bloomberg, recently highlighted the initial trading activity of BITX (2x Bitcoin Futures ETF). Notably, within the first 15 minutes, it experienced trades amounting to half a million dollars.

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This Analyst Predicts Bitcoin Will Hit $34,000 Following A Breakout

Analysts foresee a potential breakout as Bitcoin (BTC) grabs the positive market sentiment generated from BlackRock’s spot BTC ETF filing. This comes as the BTC price has remained above $30,000 despite a slight correction in the crypto market over the past few days.

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Bitcoin Futures ETF BITO sees biggest weekly inflow in a year

Quick Take Eric Balchunas, Bloomberg’s Senior ETF Analyst, recently highlighted a significant achievement for the Bitcoin Futures ETF, $BITO. In its most substantial weekly inflow in the past year, the ETF’s assets have surpassed the $1 billion mark once again.

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Bitcoin Risks Crashing To $20,000 Amid BlackRock Spot BTC ETF Filing, Warns Bloomberg Analyst

Bloomberg's senior macro strategist, Mike McGlone, has cautioned that Bitcoin may slide further, despite BlackRock's recent application for a Bitcoin exchange-traded fund (ETF) boosting BTC’s price.

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First Mover Asia: Bitcoin Surge May 'Not Be the Beginning of the End of the Bear Market,' Analyst Says

ALSO: CoinDesk Senior Research Analyst George Kaloudis offers a straightforward explanation of why BlackRock and other financial services giants want to offer a spot bitcoin ETF.

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First Mover Asia: Bitcoin Holds Firm Above $30.1K as Investors Relish BlackRock, Other Spot BTC ETF Filings

ALSO: Crypto may enduring "a crisis of confidence," but the recent filings for spot bitcoin ETFs by large institutional investors is a promising sign, said an eToro analyst.

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Bitcoin ETF impulse fuels ‘fantastic’ $29K BTC price breakout

Bitcoin is “very unlikely” to leave its trip to $29,000 as a fluke spike, one popular analyst says.

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BTC spikes as bulls break $28k: Analysts share predictions

Bitcoin rose to $28,150, its highest level in three weeks. The upside comes as sentiment flipped positive on ETF news amid further whale accumulation. Analyst say BTC could test new year-to-date highs but bulls have to hold a key support area.

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GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Filing Optimism

Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said.

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Why Spot Bitcoin ETF is not guaranteed: Analyst

Bloomberg's James Seyffart believes that Grayscale's victory against the SEC may not guarantee a Spot Bitcoin ETF. He stated that approval of the ETF application will depend on the language useThe post Why Spot Bitcoin ETF is not guaranteed: Analyst appeared first on AMBCrypto.

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Bitcoin Miners ETF Leads Q1 Performance With Staggering 107% Growth

Valkyrie Bitcoin Miners ETF (WGMI) emerges as top nonleveraged ETF in Q1, according to ETF analyst Eric Balchunas

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Analyst Sees Zero Chance of Spot Bitcoin (BTC) ETF Approval After Gensler's Comments

Gensler's comments on CNBC, combined with Geraci's analysis, suggest that the approval of a spot bitcoin ETF is still a distant dream

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Gold down as Senior ETF analyst sees ‘nowhere to hide’

The latest market news is dominated by today’s investor reaction to the inflation readings out of the United States. The hot CPI data saw asset classes bleed, including stocks, bond ETFs and gold.

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Report suggests BlackRock has 'no current plans' to launch crypto ETF as deadline for VanEck's offering approaches

Senior ETF analyst at Bloomberg Eric Balchunas said he gave the odds of the SEC approving the VanEck fund at less than 1%.

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Proshares Bitcoin rises to the top 2% of all ETFs in terms of volume

Bloomberg’s senior ETF analyst Eric Balchunas took to Twitter to draw statistics concerning the ETF market, stating that the new Proshares Bitcoin ETF had traded $400 million worth of shares yesterday alone.

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Australian analyst sees huge inflows into crypto ETFs going forward

Australia's implicit interest in the first crypto ETF was a great piece of news for the crypto market. Especially, when the U.S. has taken a conservative approach on approval of physically-backed fundThe post Australian analyst sees huge inflows into crypto ETFs going forward appeared first on AMBCrypto.

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Bitcoin ETFs - What happens next?

After the approval of a long-awaited Bitcoin ETF U.S. investors finally have an easy means to invest in Bitcoin. What is the likelihood that a Bitcoin spot-based ETF will be approved next? Andy speaks to Brave New Coin analyst Aditya Das to assess the evolving Bitcoin ETF landscape in the U.S.

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Here's How Much Bitcoin ETF Underperforms Compared to Spot BTC

First calculation of annualized roll cost for Bitcoin futures ETF by Bloomberg analyst

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Analyst says Bitcoin futures ETF 'better than nothing, but 'not as good as' spot ETF

The ProShares Bitcoin Futures ETF arrived with a bang, and hit more than $1 billion in assets under management [AUM] in around 48 hours of being listed. Adding to this, Bitcoin touched a new all timThe post Analyst says Bitcoin futures ETF 'better than nothing, but 'not as good as' spot ETF appeared first on AMBCrypto.

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Bloomberg Analyst: A Second Bitcoin Futures ETF Could Start Trading This Week

Bloomberg received a listing action from Valkyrie Funds for their bitcoin futures ETF, its analyst James Seyffart said.

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BREAKING: ProShares follows Valkyrie in approval for listing Bitcoin Strategy ETF

Bloomberg analyst James Seyffart reported that the crypto futures ETF would be listed with the ticker symbol BITO, possibly as early as Oct. 18.

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These new ETF tickers could be the first Bitcoin ETFs in the U.S.

As per Bloomberg analyst reports, the recent changes administered in the Futures ETF prospectus by leading alternate asset management firm Valkyrie suggest that Bitcoin ETF approval is imminent in near future.

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ETF Analyst Weighs in on Bitcoin ETF Approval Odds, Saying “No News is Good News”

Bloomberg ETF analyst Eric Balchunas gives his take on the likelihood of a bitcoin futures ETF being approved by the SEC, as deadlines loom. The post ETF Analyst Weighs in on Bitcoin ETF Approval Odds, Saying “No News is Good News” appeared first on BeInCrypto.

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Bloomberg Analyst Is Bullish On Bitcoin Futures Approval In October As More Platforms Join The Race

James Seyffart of Bloomberg Intelligence believes that October will see the approval of the first Bitcoin ETF in America. He hinges his belief in the SEC Chair Gary Gensler’s positive comments on futures-based Bitcoin ETF.

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ETF Demand for Crypto Might Be Overestimated, and Here's Why According to Bloomberg ETF Analyst

Bitcoin ETFs are coming closer with each day, but if futures ETFs are already here, what will change?

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If SEC Begins Approving Bitcoin ETFs, ProShares Can Launch on 18 October: Bloomberg’s Chief ETF Expert

Senior ETF analyst of Bloomberg says that the crypto community may be overestimating demand for Bitcoin ETFs; here's why

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Could A Bitcoin ETF Set A New BTC Price Top? Top Analyst Thinks So

Bitcoin has been taking the spotlight in the crypto market as it makes its way back into previous highs. Beyond the recent volatile weekend to the upside, something seems to be brewing in favor of the BTC bulls, for the time being.

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Bitcoin Futures Exchange-Traded-Fund (ETF) Will be Bad For Retail Investors, Says Willy Woo

On-chain crypto analyst Willy Woo has suggested that a bitcoin futures exchange-traded-fund (ETF) in the United States may be bad for retail investors as it places institutional investors such as hedge funds at an advantage.

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Price spike: Are whales front-running the approval of a Bitcoin futures ETF?

Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month.

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Futures-based Bitcoin ETF has '75% chance of approval' in October — Analyst

As the SEC "kicks the can" on traditional Bitcoin ETFs, the Bitcoin futures equivalent is gearing up for likely approval, says Bloomberg's Eric Balchunas.

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Amplify Files for a Crypto and DeFi ETF, While Invesco Galaxy Digital Goes for a Physical Bitcoin ETF

Bloomberg analyst Mike McGlone expects a futures-backed Bitcoin ETF to be approved first, and it could be as soon as “the end of October,” which he said would open a “window for a massive amount of money inflow.

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Bloomberg Analyst Sees A U.S. Bitcoin ETF Coming In 2021

Bloomberg's top ETF analyst Eric Balchunas sees 2021 has explained why the approval of a bitcoin ETF in the U.S. might be imminent.

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On-Chain Analyst Claims ETFs Will Send Bitcoin to the Moon

The approval of a Bitcoin exchange-traded fund (ETF) will likely send BTC prices high,… The post On-Chain Analyst Claims ETFs Will Send Bitcoin to the Moon appeared first on Coin Journal.

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Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility.  In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first Gold Exchange Traded Fund (ETF) was approved.

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SEC likely to approve Bitcoin ETF in 1-2 years, says analyst

"We think we're likely to see one in the coming year or two, but we don't have a firm timeframe as to when the answer would be yes," said Todd Rosenbluth.

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What A Bitcoin ETF Could Do to Its Price Following Gold’s Historical Moonshot

The price of Bitcoin will improve significantly if a BTC ETF is approved. This is the position of a cryptocurrency analyst, PlanB. In a Twitter post, he affirmed BTC will do better the same way gold has been performing better since the first gold ETF was approved in 2003.

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Bitcoin ETF in a Year? Analyst Claims Grayscale on Track to Launch First

Recent developments regarding Grayscale’s Bitcoin Investment Trust have put the company in good stead to be first to launch a Bitcoin exchange-traded fund (ETF). In an industry first, the Digital Currency Group-owned asset management firm recently became an SEC reporting company voluntarily.

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