Bloomberg ETF analyst James Seyffart said that when the U.S. SEC approved the Ethereum futures ETF last year, it hinted at accepting ETH as a commodity, indicating that an ETH spot ETF may be launched this year. The SEC’s final decision on VanEck, ARK 21Shares, and Hashdex Ethereum Spot ETFs is due in May 2024.

Ether ETF likely coming, as SEC ‘implicitly’ nodded ETH as commodity: Analyst

Someone just sent Satoshi 27 Bitcoin

It's highly probable that the Spot Bitcoin ETF will be approved by regulatory authorities prior to January 15th.

It is like for me A DRUG prescription from FDA. Means DRUG is APPROVED, however there will be SIDE EFFECTS, of the drug. that is what UNDERSTAND. I may be WRONG.

Multinational bank Standard Chartered calling for $50b-$100b of inflows into spot bitcoin ETFs in 2024.

March will be lit:

1. Reverse repo ends
2. BTFP expires
3. Fed cuts (allegedly)
4. QT ends (allegedly)
5. Bitcoin halving

Starting this week, #bitcoin will never be the same:

- bitcoin culture is set to dramatically expand (and fracture between users and investors?)
- existing btc trading world will be significantly impacted by ETFs as tradfi PBs offer margin, options on them
- volatility will likely dampen, along with inter-crypto cyclicality given AUM stickiness
- geopolitical importance will increase as ownership expands

__ Alex Thorn

Valkyrie Investments co-founder Steven McClurg said the spot Bitcoin ETF is expected to receive SEC approval by the end of Wednesday and begin trading Thursday morning, with the first 10 ETFs launching at the same time. It could see $4 billion to $5 billion in inflows in the first few weeks.

- The Block

BITCOIN SPOT ETF APPROVED

An ETH ETF approval could come as soon as May.

Running bitcoin

Top 5 spot Bitcoin ETF trading volumes today:

Grayscale: $2.3 billion
BlackRock: $1 billion
Fidelity: $700 million
ARK 21Shares: $288 million
Bitwise: $125 million

The institutions are here 🚀

- thread

SkyBridge Capital founder Anthony Scaramucci said that the recent downturn in Bitcoin is partly due to selling pressure from Grayscale's GBTC and the FTX position, but he expects the selling pressure to be resolved in the next six to eight trading days.

The entry price for these Bitcoin spot ETF buyers is around $42K.