Element Analysts Believe Bitcoin Market Has “Ran Out of Juice”

Element Group, a cryptocurrency economics and digital assets solutions analyst, published a report explaining that the SEC’s delay in approving bitcoin ETF proposals is the primary reason why the market has become so boring in recent weeks. Crypto Market Has Become Boring BTC/USD | Bitfinex “One can argue that the depressed volatility patterns we’re seeing …

Does Bank of America’s Crypto Custody Show Irrelevance of Bitcoin ETF?

This week, $312 billion Bank of America (BoA) filed a patent to offer crypto custody, targeting large-scale institutional investors and retail traders. Some experts have said that the efforts of major financial institutions to create institutional products around cryptocurrencies will bolster the adoption of crypto in US markets, which will naturally lead to other publicly …

How the Effort of Bakkt Could Lead to the Approval of the First Bitcoin ETF

The SEC has disapproved 10 Bitcoin exchange-traded funds (ETFs) in the past month but analysts believe Bakkt can assist the launch of the first bitcoin ETF. Bakkt’s Efforts in Finding Trusted Price Formation Last month, the SEC officially rejected the Winklevoss Bitcoin ETF filed with the Bats BZX Exchange with a 92-paged document which explicitly …

If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash …

Another Major Investment Firm Says Bitcoin ETF Not Likely in 2018

Canaccord, the biggest investment firm in Canada, has said that the approval of a Bitcoin exchange-traded fund (ETF) is highly unlikely in 2018. In an official report entitled “Blockchain and Digital Assets: US Equity Research” Canaccord researchers Michael Graham and Scott Suh wrote: “And although the VanEck SolidX Bitcoin Trust, seen by many as the …

Mass Adoption Matters More Than Cryptocurrency ETFs

Ethereum co-founder Buterin Vitalik believes that the crypto community has focused too much on ETFs rather than making cryptocurrency easier to use as a method of payment for everyday purchases via payment cards, according to a recent tweet. An ETF will benefit cryptocurrency prices, he believes, but making it easier for people to use it …

What Experts Think about a Possible Bitcoin ETF

Since 2017, SEC has turned down at least three bitcoin ETF applications (including the Winklevoss twins on two occasions) from different groups citing specific reasons for such denials. This has not stopped the surfacing of new applications. Just last month three groups that have been turned down before (CBOE, VanEcK and SolidX) returned with revised …

Asset Manager Bitwise Files for a Top-10 Cryptocurrency ETF

Bitwise, a prominent cryptocurrency index fund, has filed with the U.S. Securities and Exchange Commission (SEC) to offer a cryptocurrency-based exchange-traded fund (ETF). In a press release issued on July 24th, the company stated that they intend to create an ETF called “Bitwise HOLD 10 Cryptocurrency Index Fund” which would be tied to the ten …

BlackRock, the World’s Largest Asset Manager, is Exploring Cryptocurrencies

Six months after its chief executive lambasted bitcoin as an “index of money laundering,” BlackRock — the world’s largest exchange-traded fund (ETF) provider — has set up a working group to explore how to profit from the burgeoning cryptocurrency ecosystem. The Financial News reports that the $6.3 trillion asset manager has begun discussing whether to …

Wall Street’s ‘Crypto King’ Says Regulatory Clarity Is Bullish for Bitcoin

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Bart Smith, who was crowned “Wall Street’s Crypto King” by CNBC, is optimistic that institutional investors will start pouring money into the cryptocurrency market once more regulatory clarity is provided. Smith heads the digital asset group at Pennsylvania-based investment firm Susquehanna International Group, which first …