Bitcoin ETF

Bitcoin

TOP 5 Losers Coins
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<table class="table border text-center table-bordered data-table">
 <thead>
 <tr>
 <th class="border-0">Indices</th>
 <th class="border-0">LTP</th>
 <th class="border-0">Change (%)</th>
 </tr>
 </thead>
 <tbody>
 <tr>
 <td>Aptos</td>
 <td class="text-black">$9.36</td>
 <td class="text-danger">10.88%</td>
 </tr>
 <tr>
 <td>Beam</td>
 <td class="text-black">$0.01925</td>
 <td class="text-danger">10.57%</td>
 </tr>
 <tr>
 <td>Near Protocol</td>
 <td class="text-black">$3.36</td>
 <td class="text-danger">10.14%</td>
 </tr>
 <tr>
 <td>Astar</td>
 <td class="text-black">$0.1442</td>
 <td class="text-danger">10.07%</td>
 </tr>
 <tr>
 <td>Render</td>
 <td class="text-black">$3.88</td>
 <td class="text-danger">8.41%</td>
 </tr>
 </tbody>
</table>
<h3 id="span-span-data-font-font-size-style-font-size-18px-crypto-news-key-highlights-span-span">Crypto News Key Highlights:</h3>
<ul> 
 <li> The U.S. SEC moves closer to approving spot Bitcoin ETFs as 11 applicants submit 19b-4 amendments just days before the deadline. Final S-1 documents are anticipated by Monday, with potential approval before Jan. 10. While optimism exists, a survey suggests only 39% of U.S. financial advisers believe in approval this year. </li> 
 <li> The December non-farm payroll data revealed a job growth of 216,000, above the projected 170,000. Immediate market reactions followed, pushing the 10-year yield beyond 4% and causing the crypto market to fall. The 3.7% unemployment rate was the 36th consecutive monthly increase in job growth. </li> 
 <li> BlackRock, positioning aggressively for SEC approval of a spot Bitcoin ETF, reportedly has $2 billion ready for existing holders to transition into its ETF in the first week of trading. Expectations point to a potential ETF launch on January 11, 2024, pending SEC approval by January 10. Major players, including BlackRock, have completed 19b-4 amendments, signaling the final stages before the historic launch of the first-ever spot Bitcoin ETF in the United States. </li> 
 <li> Ethereum's non-exchange wallet holdings reach an All-Time High, while the top 150 exchange wallets decrease. On-chain data suggests a potential ETH rally as market participants accumulate, reducing intent to sell. <a href="https://www.coingabbar.com/en/price-analysis/hold-or-fold-ethereum-support-holds-the-key-to-revival" title="Ethereum's price" class="f-link">Ethereum's price</a> at $2,250 may retest $2,450 resistance, but short-term volatility indicates risk, urging caution for traders seeking immediate gains. </li> 
 <li> Coinbase is set to acquire a MiFID-licensed entity in Cyprus, aiming to expand its derivatives offerings in the European Union, pending regulatory approval. This move, enhancing Coinbase's 2024 market presence, emphasizes compliance standards and signifies a strategic growth initiative, acknowledging the regulatory challenges while remaining optimistic about the acquisition. </li> 
 <li> VanEck, a potential Bitcoin ETF provider, pledges 5% of profits to Bitcoin core developers through nonprofit Brink upon ETF approval. The firm expresses commitment to the Bitcoin ecosystem, already donating $10,000. The move aims to align with core industry principles and foster support amid <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-predictions-of-vaneck-point-to-etf-potential" title="potential ETF approval." class="f-link">potential ETF approval.</a> </li> 
 <li> <a href="https://www.coingabbar.com/en/crypto-currency-news/ceo-aaron-schnarch-resigns-from-coinbase-custody" title="Coinbase's potential role in a Bitcoin ETF" class="f-link">Coinbase's potential role in a Bitcoin ETF</a> faces scrutiny due to past SEC litigation. Regulatory hesitance or delay may arise from this conflict. Analysts, however, remain hopeful for a timely Bitcoin ETF approval before January 20, 2024. Coinbase's pivotal involvement, if approved, could boost market sentiment and coincide with the upcoming Bitcoin Halving event. </li>
</ul>
Also read - <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-update-jan-is-bitcoin-bracing-for-etf-approval-impact" title="24 Crypto Update, 05 Jan: Is Bitcoin Bracing for ETF Approval Impact" class="f-link">24 Crypto Update, 05 Jan: Is Bitcoin Bracing for ETF Approval Impact</a>

Crypto Daily Roundup 06 Jan: All Eyes on the Imminent ETF Verdict

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