All 11 Bitcoin ETF Proposals Approved

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Spot Bitcoin ETF Issuer Bitwise Pledges 10% of Profits To Fund Open-Source BTC Development

Today, Bitwise Asset Management unveiled a new initiative, confirming their pledge to allocate 10% of profits from the Bitwise Bitcoin ETF (BITB) towards supporting Bitcoin open-source development, according to a press release sent to Bitcoin Magazine. 

The donations will benefit three esteemed non-profit organizations – Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.

“Bitcoin was launched 15 years ago without a fundraise and has always been maintained by a dedicated community of open source developers,” said Bitwise CEO Hunter Horsley. “We’re excited for the Bitwise Bitcoin ETF (ticker: BITB) to provide a…

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APPROVED: Spot Bitcoin ETFs to Trade on US Markets in Historic Milestone

Today, the United States Securities and Exchange Commission (SEC) has officially approved the listing of the first-ever spot Bitcoin Exchange-Traded Funds (ETFs). This move marks a historic milestone in the evolution of Bitcoin adoption within traditional financial markets.

The approval comes after extensive deliberation and anticipation surrounding the introduction of spot Bitcoin ETFs, which are anticipated to offer investors direct exposure to the BTC.

The introduction of spot Bitcoin ETFs in the United States is expected to unlock unprecedented opportunities for both institutional and retail investors, offering a more accessible and regulated…

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Bitcoin nosedives an hour before expected ETF decision

Cryptocurrencies and related equities whipsawed Wednesday, with investors and analysts waiting to hear the US Securities and Exchange Commission’s ruling on a bitcoin ETF. 

Bitcoin, which had been steadily climbing earlier in the day after dipping below $45,000, lost around 2% as of 3:30 pm ET Wednesday. Ether, on the other hand, turned things around after a disappointing few days, gaining 8.5% Wednesday afternoon. 

The moves come after a false bitcoin ETF approval report — posted from the SEC’s own X account — caused a rally and crash in BTC Tuesday afternoon. 

Read more: SEC will investigate, ‘determine appropriate’ steps following X account compromise

“Another…

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Let’s be real: Bitcoin ETFs have never really mattered

Fifteen years ago, Bitcoin existed only for a tiny subset of human beings obsessed with separating money from the state. 

To witness the state endorsing the monetization of that process, through the US Securities and Exchange Commission’s approval of a spot bitcoin ETF, is bizarre. Anarcho-capitalists might even find it satisfying to watch the two worlds collide.

Similar products do already trade on markets across Canada and Europe, which US citizens can easily access already through brokerages like Interactive Brokers and Charles Schwab as they would one of the US spot ETFs. Except they never really counted.

There’s just something surreal about the SEC finally giving into the fact…

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Spot Bitcoin ETFs "Will Begin Trading" Tomorrow: CBOE

The Chicago Board Options Exchange (CBOE) has declared on their website that VanEck, Fidelity, and ARK 21Shares Spot Bitcoin Exchange-Traded Funds (ETFs) will officially commence trading starting tomorrow. 

The CBOE’s announcement signifies a major milestone in the quest for regulated and direct exposure to Bitcoin through ETFs, allowing both institutional and retail investors a pathway to Bitcoin exposure.

This development follows meticulous regulatory evaluations and market preparations, positioning the Spot Bitcoin ETFs for an eagerly awaited debut on the trading floor. The CBOE’s confirmation reinforces the growing acceptance and recognition of…

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Ripple commits to buying back $285M worth of shares

Ripple plans to buy back $285 million of its shares, putting the company at a valuation of $11 billion.

Reuters first reported the news, citing unnamed sources. 

Ripple, when reached for comment, confirmed the buyback to Blockworks. 

“We are committing $500 [million] of cash from the balance sheet to convert RSUs and buy back shares – purchasing up to $285 [million] of equity and committing over $200 [million] to convert RSUs. This is at an equity valuation of over $11 [billion],” a Ripple spokesperson told Blockworks.

An RSU is a restricted stock unit.

Read more: XRP threatens to flip Binance’s cryptocurrency once and for all

CEO Brad Garlinghouse told Reuters that Ripple…

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Why I Am Already A Nostr Maximalist

After being inspired by a podcast with Preston Pysh and Will Casarin in January of 2023 I experienced my first interaction with ‘the nostr’ using a rather clunky interface. Since that time, nostr has gradually become more user friendly and an increasingly meaningful part of my life. I have now deleted all other social media accounts in favor of this blossoming decentralized alternative. My slow exodus away from centralized social media started over ten years ago, but the formation of a functional substitute was the final nail in the coffin. Making the jump at such an early stage may have been premature, but after two months using both nostr and Twitter I chose to make the transition…

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JUST IN: US SEC Approves ARK 21Shares Bitcoin Spot ETF

The SEC document confirms the approval of the ARK 21Shares Bitcoin ETF to be listed on CBOE once SEC approves security registration. The filing, dated January 10, 2024, and accepted the same day, is a certification by an exchange for listing this ETF. It’s listed under CIK number 0001869699 and is associated with ARK Investment Management LLC, with a business address in New York, NY. This approval marks a significant development in the Bitcoin investment landscape.

For more detailed information, you can view the full document on the SEC’s website.

Above info is sourced from a post on X.

SEC Greenlights Six Major Spot Bitcoin ETFs for CBOE Listing so far and subject to final SEC approval.

Bloomberg terminal listed all 11 Bitcoin Spot ETFs as “pending listing”

*This is still a developing story.*