Jan 11: Bitcoin ETF Milestone: SEC Approval Sparks Market Movement, Grayscale Takes Lead

Jan 11: Bitcoin ETF Milestone: SEC Approval Sparks Market Movement, Grayscale Takes Lead

The cryptocurrency market has reached a pivotal moment with the U.S. Securities and Exchange Commission (SEC) approving a Bitcoin exchange-traded fund (ETF), a long-awaited development in the crypto world. This historic approval has had an immediate impact on the market, with Bitcoin experiencing a dip and then a bounce back, while Ethereum surged past $2,500, signaling a wave of investor reactions and market recalibrations.


Grayscale Investments has claimed a significant victory in this new ETF landscape, boasting the first spot Bitcoin ETF to be traded. This accomplishment not only represents a win for Grayscale but also marks a major step forward for the broader cryptocurrency market, offering investors a more regulated and mainstream avenue for Bitcoin exposure. The SEC's approval and Grayscale's subsequent success are expected to pave the way for more institutional investment and possibly usher in a new era of crypto-financial products.

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News Links 👇


https://decrypt.co/210763/bitcoin-etf-approved-sec


https://decrypt.co/212368/bitcoin-dips-then-bounces-after-etf-approval-while-ethereum-tops-2500


https://www.coindesk.com/markets/2024/01/11/grayscale-claims-bragging-rights-for-first-spot-bitcoin-etf-to-trade/?_gl=1*76ed0*_up*MQ..*_ga*MTg5MzY0ODc5NC4xNzA0OTczMDM0*_ga_VM3STRYVN8*MTcwNDk3MzAzMy4xLjAuMTcwNDk3MzAzMy4wLjAuMA..

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!


©Copyright 2023 Matthew Aaron Podcasts LLC


Daily Bitcoin, Ethereum, & Crypto News!

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Episoder(840)

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31 Aug 6min

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August 31: Bitcoin Falls Back Below $78K as AI and Bitcoin Mining Become the Same Infrastructure Story

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August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

Bitcoin got as high as roughly $81,300 overnight and still couldn't maintain $80K. The battle is getting clearer. ETF demand remains strong, with another $242 million entering U.S. spot Bitcoin ETFs T...

28 Aug 17min

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August 27: Bitcoin Is Still Fighting $80K, but the Fed Could Change the Story

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27 Aug 15min

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August 26: Bitcoin Keeps Bouncing Off $80K. What Will It Take to Break Through?

Bitcoin keeps bouncing off the $80,000 resistance level, and Matt explains why profit-taking is the biggest obstacle right now. Institutional investors are locking in strong gains, the short squeeze t...

26 Aug 12min

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Craig says Bitcoin’s 26% weekly move changed the higher-timeframe picture. After weeks of frustrating sideways action, the three-month and six-month charts are now showing structures that have histori...

25 Aug 5min

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Bitcoin briefly broke above $80,000, reaching roughly $81,100, before profit-taking pushed it back into the upper $70Ks. Matt explains why $80K remains an important psychological resistance level, wit...

25 Aug 14min

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