infinityhedge
SEC’s Decision on Spot Bitcoin ETFs Could Go a Few Different Ways: WSJ Approval would be a two-step process: The SEC has to greenlight the filings known as 19b-4s from the exchanges that outline the rule changes permitting the new class of funds to trade…
^Which scenario will play out on Wednesday [Tomorrow or whenever SEC made decision without getting hacked]
Anonymous Poll
43%
SEC approves all 11 applications simultaneously
15%
SEC rejects all 11 applications
24%
SEC could approve or reject some of the applications while delaying its decisions on others
18%
SEC approves 19b-4s filings, but stalls on S-1 and S-3 filings from asset managers
Last 24hrs:
-Bidding War: Bitcoin ETF issuers lowering fees to beat the competition
-Fake Post about Doge death, $DOGE +10%
-Allegedly Somone pre-longed $1M on Techcrunch journalist XRP etf tweet
-SEC got Sim Swapped, 2FA was/is disabled & posted FAKE etf approval, $90m liquidated
-Securities lawyers tell Fox, SEC will have to investigate itself for market manipulation.
-Apple pulls Binance, Kraken, other crypto apps from India App Store
[not even crossed 10 days into 2024 💀]
-Bidding War: Bitcoin ETF issuers lowering fees to beat the competition
-Fake Post about Doge death, $DOGE +10%
-Allegedly Somone pre-longed $1M on Techcrunch journalist XRP etf tweet
-SEC got Sim Swapped, 2FA was/is disabled & posted FAKE etf approval, $90m liquidated
-Securities lawyers tell Fox, SEC will have to investigate itself for market manipulation.
-Apple pulls Binance, Kraken, other crypto apps from India App Store
[not even crossed 10 days into 2024 💀]
Fake tweet started the bull market, now fake tweet gonna start bear market?
Anonymous Poll
51%
No way 📈
49%
it's over 📉
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ETF approval rehearsal favors a sell-the-news reaction: K33 analyst
Earlier infinityhedge also predicted that Approval will mark the local top: here
QCP Capital: "The initial reaction to the 'approval' was muted with BTC being unable to trade out of the resistance area. We take this as a warning sign that an approval is mostly priced in and there may not be a huge rally post the approval"
Earlier infinityhedge also predicted that Approval will mark the local top: here
QCP Capital: "The initial reaction to the 'approval' was muted with BTC being unable to trade out of the resistance area. We take this as a warning sign that an approval is mostly priced in and there may not be a huge rally post the approval"
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infinityhedge Exclusive: BlackRock lowers Bitcoin ETF fee to 0.25% from 0.30%.
Waiver: 0.12% for $5B,12months
ARK 21shares also lowered fee to 0.21% from 0.25%
Waiver: 0% for 6 months / $1b [whichever occurs first]
Waiver: 0.12% for $5B,12months
ARK 21shares also lowered fee to 0.21% from 0.25%
Waiver: 0% for 6 months / $1b [whichever occurs first]
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EigenLayer: Restaking starts again from Jan 29th, 12 PM PT and goes until Feb 2nd, 12 PM PT.
New LSTs:
Frax Finance Ether (sfrxETH)
Mantle Staked Ether (mETH)
Liquid Collective Liquid Staked ETH (LsETH)
Restaking Update: Operations are resuming at the existing caps of 200k ETH for each LST.
New LSTs:
Frax Finance Ether (sfrxETH)
Mantle Staked Ether (mETH)
Liquid Collective Liquid Staked ETH (LsETH)
Restaking Update: Operations are resuming at the existing caps of 200k ETH for each LST.
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Arthur Hayes Joins Decentralized AI platform Ritual: Coindesk
Ritual's board of advisers includes NEAR Protocol and EigenLayer founders.
Ritual's board of advisers includes NEAR Protocol and EigenLayer founders.
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Ripple to Buy Back $285M of Its Shares From Investors, Valuing Company at $11 Billion: Reuters
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ICYMI: CBOE will be listing BTC and ETH margined futures on January 11th: @SirChub
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infinityhedge
Coingecko twitter account compromised
GeckoTerminal Twitter account also compromised
Gary Gensler Statement on the Approval of Spot Bitcoin Exchange-Traded Products
Gensler: While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin.
"Importantly, today’s Commission action is cabined to ETPs holding one non-security commodity, bitcoin. It should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities."
https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
[Looks like The Only reason they approved BTC ETFs because they lost Greyscale case]
Gensler: While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin.
"Importantly, today’s Commission action is cabined to ETPs holding one non-security commodity, bitcoin. It should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities."
https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
[Looks like The Only reason they approved BTC ETFs because they lost Greyscale case]
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