Bitcoin ETF

Bitcoin

Spot

Eric Balchunas, a Bloomberg analyst, stated that ARK/21Shares is a strong competitor to BlackRock in the Bitcoin ETF race. The company is expected to move $130 million from GBTC to ARKB. This early “Bring Your Own Assets (BYOA)” strategy is like a starter, which doesn’t guarantee a massive firestorm but certainly helps, according to the analyst.
<h2 id="ark-invest-s-bitcoin-spot-etf-application-has-a-significant-advantage-according-to-bloomberg-analysts">Ark Invest's Bitcoin Spot ETF Application Has a Significant Advantage, According to Bloomberg Analysts</h2>
According to Balchunas, Ark's spot Bitcoin ETF looks set to generate $130 million in cash quickly as the company plans to sell GBTC shares and use its own ETF for exposure to BTC. This potential increase in volume and flows could give Ark an early advantage over rivals including BlackRock, whose ETF unit is 184 times the size of Ark.
Related News: <a href="https://en.bitcoinsistemi.com/sec-chairman-gary-gensler-speaks-about-cryptocurrencies-and-bitcoin-spot-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">SEC Chairman Gary Gensler Speaks About Cryptocurrencies and Bitcoin Spot ETF Approval!</a>
This influx of flow and volume could come in chunks, which could be even better for ARKB, as it would help the ETF appear to attract consistent interest, analysts say.
Bloomberg analysts had previously stated that the January 10 date is critical for the BTC Spot ETF and that they expect a mass approval with a 90% probability.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/who-will-win-the-bitcoin-spot-etf-race-bloomberg-analysts-announced-the-potential-winner/" rel="noopener noreferrer nofollow">Who Will Win the Bitcoin Spot ETF Race? Bloomberg Analysts Announced the Potential Winner</a>

Who Will Win the Bitcoin Spot ETF Race? Bloomberg Analysts Announced the Potential Winner

Mục lục

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Hong Kong securities association proposes Initial Coin Offering (ICO) mechanism

@NFT Account Makes Resounding Return to Instagram (30 Nov)

Bitcoin’s Water Footprint: A Rising Environmental Concern

Crypto Exchange Coinbase in the Storm of Regulation: Seeking Clarity Amidst SEC Turbulence

Canadians Support Cash Payments Over CBDCs: Report

Deepmind’s GNoME AI Tool Discovers Materials Beyond Imaginings

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!