📈 ETF Applicants Submit Revised S-1 Filings, BlackRock Announces Fees

Several applicants for a Spot Bitcoin ETF have submitted their final S-1 amendments to the U.S. Securities and Exchange Commission (SEC).

🔍 The S-1 filings are crucial for ETF approval. They contain key information such as fees and identities of the market makers for the potential ETFs.

💡 BlackRock sets BTC ETF fees at 0.3%. For the first $5 billion under management, it's just 0.2%.

VanEck and ARK set their fees permanently at 0.25%.

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🔥HUGE : The chair of US 🇺🇸SEC 'The Gary Gensler' posted a crypto investing guide.

Something is about to happen 🚀 #BitcoinETF

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JUST IN: Spot Bitcoin ETFs expected to be approved Wednesday and could begin trading this week, CNBC reports.

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💰 VanEck CEO confirms that the Bitcoin spot ETFs will begin trading on Thursday.

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The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.

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NEW: 💥 Twitter/X Safety account confirms that the SEC account was in fact compromised and did not have 2FA activate at the time 👀

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🌐 Major Crypto True Crime Tale: Bogus SEC Tweet Unleashes Havoc! 😲

In a startling development within the crypto world, the official Twitter account of the U.S. Securities and Exchange Commission (SEC) was compromised. A false statement about the approval of Bitcoin Spot ETFs, eagerly anticipated today, was erroneously broadcast.

🔍 In October, the SEC cautioned: "Be skeptical of what you read online. The most reliable source about the SEC? The SEC itself."

Yet, in a surprising turn of events, at 22:11 yesterday, the SEC's hijacked Twitter account falsely declared the approval of Bitcoin Spot ETF applications.

🚨 SEC Chairman Gary Gensler promptly clarified: "Our account was hacked! The ETF announcement is not true."

📉 The market reaction was swift and severe: Within an hour, trades worth $84 million were liquidated, with $41 million in shorts and $43 million in longs vanishing.

🔐 Twitter Security reported: "The @SECGov account was compromised, not through a breach of X-systems, but by an unknown individual gaining control over a phone number associated with the account. Notably, two-factor authentication was not active at the time."

💬 A poignant comment from a Twitter user underscored the irony: "Those responsible for 'protecting investors' and 'regulating' #Bitcoin can't even secure their own account with basic 2FA..."

This incident raises a question: Did the SEC account ever have two-factor authentication in the past 12 months? 🤔

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SEC in a Nutshell

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NEW: 🥇 JP Morgan CEO Jamie Dimon says "Bitcoin doesn't have value." 🤔

Meanwhile, JP Morgan is an authorized participant for BlackRock's spot Bitcoin ETF 👀

Look at what they do not what they say 🤡

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NEW: 🥇 All 11 spot bitcoin ETF tickers are currently being added to the Bloomberg Terminal as 'Pending Listing' ⏰

Trading will be ready to go shortly after approval.

Almost there 🫡

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JUST IN: 💥 BITCOIN ETFS APPROVED! 🙌

Source

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🚨 JUST IN: Elon Musk Open to Use Bitcoin on X Following SEC’s Approval of Bitcoin Spot ETFs.

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BREAKING: 💥 BlackRock's Bitcoin ETF is trading up +23.35% pre-market 🔥

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#BTC - got rejected from $48,000 🙅‍♂️

Yesterday, we saw confirmation of what I've been repeating for last couple of months - while the ETF approval will cause market growth in mid term, in the short term, it will trigger a correction.

👉 Take a look at the chart - before the official announcement and start of trading, #BTC was steadily rising, approaching $48,000 again. Immediately after the announcement, we saw a decline.

As rumors were already factored into the price, the market anticipated the ETF launch in advance. Now, attention is shifting to the potential Ethereum ETF, creating new wave of hype. Until this news plays out, I expect a notable increase in interest in #ETH.

💁‍♂️ While I expect a continuation of #BTC rally, for the ETF launch to greatly impact the crypto cap, it takes time. The new product must gain recognition among traditional market participants. That's precisely why we see active marketing campaigns from ETF issuers.

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⚡️JUST IN: #BlackRock releases an the first explainer video for their spot 💰 #Bitcoin ETF 👀

“You might have noticed #Bitcoin  make it’s way into our every day lives”

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The 11 new spot 🥇 Bitcoin ETFs have reached $3.66 billion in trading volume at 2pm on their launch day.

It'll probably hit $4 billion before market close.

This is the biggest ETF launch for a single asset of all time.

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Bitcoin ETFs Broke The Market

Bitcoin ETFs had a great first day, racking up $4.5B in trading volume. BlackRock's iShares Bitcoin Trust, traded as IBIT on Nasdaq, played a big part, getting close to $1B in volume and making up 22% of the total across all 10 spot Bitcoin ETFs.

There were 700,000 individual trades involving the 11 spot ETFs today. To put it in perspective, this is twice the number of trades for $QQQ (one of the largest ETFs offered by Invesco), although $QQQ handles much larger dollar volumes.

With this volume, the first 10 spot Bitcoin ETFs broke the Wall Street record set by the first Gold ETF back in 2004. Then, State Street Corporation launched Gold Shares (GLD) and racked up $1.63B in volume on opening day.

However, there’s a little downside to all this. While the total trade was $4.6B, GBTC was 50% of that $2.3B. The GBTC numbers were majority sales/outflows due to the higher fees and the old Bitcoin being locked up, which means that we didn’t have any net inflows...

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JUST IN: BlackRock CEO Larry Fink says they "see value in having an 🔵 Ethereum ETF."

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JUST IN: BlackRock CEO Larry Fink says Bitcoin is "no different" than gold and an asset that protects you.

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🚨JUST IN: 🥇 Bitcoin Price to Hit $150K in Just One Year, Expected to Reach $500K in Five Years, Says Fundstrat’s Tom Lee.

Source

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🥇 BTC - dropped by 7% in the last 24 hours 📉

It seems that despite common sense, most people were still expecting pump after the launch of the ETF. Failing to see it materialize, traders are starting to liquidate their positions.

Just in the last 24 hours, panic has led short-term holders to withdraw and sell over $5 billion worth of #BTC on exchanges. Now, pay attention. 💁‍♂️ 80% ($4 billion) of these sales were at a loss.

Meanwhile, the ETF launch itself was successful by all metrics. Nearly $5 billion was traded on the first day, setting a record among all ETFs, surpassing even gold. The overall capital inflow for that day was around $700 million.

👉 This is exactly the situation I was talking about. Despite positive market indicators, #BTC is falling. This is happening because strong hands are pushing weak ones out of the market and building their own positions. And when this "redistribution" is complete, the growth will continue.

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