Bitcoin

Bitcoin ETF

Key Points:<ul><li>BlackRock embraces SEC’s directive, signaling progress in spot Bitcoin ETF.</li><li>WisdomTree follows suit, submitting a strategic S1 amendment.</li><li>BTC’s aggressive surge adds $50 billion to its market cap in 24 hours.</li></ul>Bitcoin experienced a robust 5.5% surge, breaching the $43,000 mark, amid heightened market volatility. The cryptocurrency added over $50 billion to its market cap within the last 24 hours.The surge coincides with a positive turn of events in the realm of Bitcoin exchange-traded funds (ETFs). BlackRock and WisdomTree have submitted updated S1 filings, following similar moves by Ark Invest and 21Shares.<blockquote>Update: Wisdomtree also filed their amended s-1 for their spot <a href="https://twitter.com/hashtag/bitcoin?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> ETF. <a href="https://t.co/1UbILn7VSF" rel="noopener noreferrer nofollow">pic.twitter.com/1UbILn7VSF</a>— James Seyffart (&#64;JSeyff) <a href="https://twitter.com/JSeyff/status/1736884514960310539?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2023</a></blockquote><h2 id="header-0">BlackRock’s Strategic Shift in Spot Bitcoin ETF Pursuit</h2>In a significant update, Bloomberg analyst James Seyffart unveiled a pivotal move by BlackRock towards a spot Bitcoin ETF. The financial giant has released an S-1 amendment, a move viewed as a crucial step forward in the ETF’s journey.Of particular note is BlackRock’s adherence to the Securities and Exchange Commission’s (SEC) directive on cash creations. This shift, opting for a cash-only approach over in-kind creations, is seen as a strategic decision aligning with the upcoming holidays. The emphasis on cash creations in the S-1 amendment signifies a positive signal for the progress of <a href="https://cryptosnewss.com/blackrocks-spot-bitcoin-etf-listed-on-dtcc-clearing-rolls-signaling-approval-progress/" rel="noopener noreferrer nofollow">BlackRock’s spot Bitcoin ETF</a>.<h2 id="header-1">WisdomTree Follows Suit with S1 Amendment</h2>Following BlackRock’s lead, WisdomTree has also submitted its S1 amendment. This dual move by major financial players underscores a growing momentum and interest in establishing Bitcoin ETFs.<h2 id="header-2">Bitcoin Price Dynamics and Analyst Insights</h2>Crypto analyst Ali Martinez sheds light on the current price dynamics, identifying a descending triangle pattern on the hourly chart. Key levels at $41,900 and $40,700 are highlighted as crucial focal points, with Martinez suggesting an 8% to 9% potential price shift based on a decisive breakout in either direction._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/bitcoin-surges-5-5-to-43000-as-blackrock-and-wisdomtree-propel-etf-hopes/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a><a href="https://cryptosnewss.com/shiba-inu-sets-crypto-ablaze-shibarium-burn-consumes-8-24-billion-shib-tokens/" rel="noopener noreferrer nofollow"> </a>on December 19, 2023.

Bitcoin Surges 5.5% to $43,000 as BlackRock and WisdomTree Propel ETF Hopes

Table of Contents

Cryptos Newss

Other articles published on Dec 19, 2023

Bitwise’s Recent Move with Spot Bitcoin ETF Draws Attention in the Crypto Market!

Bitcoin Reaches New All-Time High In Options Open Interest

Indian Law Enforcement Arrest Key Suspect in GainBitcoin Scam Year After Mastermind’s Death

EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional S...

Coinbase Opens Appeal Against ‘Arbitrary and Capricious’ SEC Regulations Denial

Chiliz marks a record year for SportFi and fan tokens in 2023

Join our free newsletter for daily crypto updates!