Anthony Scaramucci’s Skybridge Capital plans to file for a spot bitcoin ETF for a second time.Previously, the investment firm’s application was denied earlier this...

Bitcoin hasn’t done super well as of late. The world’s number one cryptocurrency by market cap has ultimately lost approximately 20 percent of its value since the beginning of the year due to many harsh economic factors including the war in Ukraine and rising rates thanks to the Fed, but all this isn’t scaring Anthony...

The post Scaramucci: BTC Will Hit $100,000 in 24 Months appeared first on Live Bitcoin News.

Despite its rollercoaster ride in the market, there are always people who remain steadfast in their belief in Bitcoin. One of them is a pillar of tech behemoth, Apple Inc. Steve Wozniak — the Apple co-founder — has stated that he expects the world’s top cryptocurrency to reach $100,000 in the near future. Wozniak discussed…

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On Friday (March 4), former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital (“SkyBridge”), shared his latest thoughts on Bitcoin. SkyBridge Capital is “an SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.” On […]

The US Securities and Exchange Commission (SEC) has continued to stall the approval of a Bitcoin spot exchange-traded fund (ETF). The SEC stated that it was delaying a decision on whether the biggest Bitcoin fund, Grayscale Bitcoin Trust (GBTC) can convert into a Bitcoin spot ETF. The securities regulator noted that Grayscale’s application failed to

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Bitcoin lovers in the United States are getting impatient as the Securities and Exchange Commission (SEC) is not making a clear take on Bitcoin ETF. Due to concerns about manipulation, liquidity, and transparency, SEC has delayed deciding on Grayscale’s pending application to convert its Bitcoin Trust into a spot ETF. The SEC’s notice published on Friday didn’t reveal anything new about Grayscale’s pending application, which comes as no surprise. SEC Wants Written Submissions From People According to the 10-page notice, the SEC expressly requests ‘written comments’ from ‘interested people’ in the general public to provide their ‘ideas, statistics, and arguments’ addressing the regulator’s previous concerns about market fraud, manipulation, and overall lack of transparency. According to the notice, the public has 21 days from today, as specified in the Federal Register, to submit written data, views, and arguments on whether Grayscale’s application should be granted or denied, with a 35-day window for rebuttal. According to the notification, individuals interested in submitting comments to the SEC can do so either electronically or on paper.  The SEC has a History of Rejecting Spot ETF Applications Grayscale, the world’s largest digital asset management firm, applied in October to convert shares of its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, attempting to reverse previous rejections of BTC spot ETF applications by the regulator. Unfortunately, the SEC announced two months later that it would be delaying its decision on Grayscale’s application, citing major issues such as market fraud, manipulation, and transparency. According to a tweet, Grayscale has $36.5 billion in assets under management as of February 4th, with its GBTC product accounting for nearly 71% of total assets. The SEC also rejected Fidelity’s Wise Origin Bitcoin Trust at the end of January, just seven days after rejecting a spot bitcoin ETF proposal from First Trust and SkyBridge Capital. Surprisingly, in rejecting Fidelity, the SEC went into great detail on surveillance-sharing agreements and the SEC’s responsibility to ensure that exchanges follow the Exchange Act’s requirements. It’s worth noting that the SEC approved ProShares Bitcoin Strategy ETF in October of that year, making it the first Bitcoin futures fund to be allowed in the US, followed by a pair of Strategy ETFs from Valkyrie and VanEck.

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Purpose Bitcoin ETF, one of the Bitcoin spot-settled ETFs trading in Canada, has just recorded its third-largest single-day increase in assets under management. According to data from Glassnode, 1054 Bitcoins were added to the ETFs holdings yesterday. The data indicate that the ETF investors are buying the dip, and could mark market sentiments turning bullish

The post ‪Bitcoin Purpose ETFs Holdings Records A Meteoric Rise ; What Is Driving The Growth? appeared first on CoinGape.

In a recent interview, former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital (“SkyBridge”), shared his thoughts about Bitcoin. SkyBridge is “a global alternative investments firm specializing in multi-strategy commingled fund of hedge funds products, custom separate account portfolios and hedge fund advisory solutions to […]

Bitcoin will reach a price of $500,000 in the next four to five years according to Anthony Scaramucci, the founder of investment firm SkyBridge Capital. The financier believes that this will be made possible by the global adoption of Bitcoin in this time frame. He adds that at the moment, Bitcoin cannot be called an

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The post Bitcoin Price Can Surge 14x After Hitting Potential Lows! Here’s Why appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The Bitcoin drop was caused by a number of issues, the most notable one is the US government’s consideration of regulating cryptocurrencies. Other factors include government activities against cryptocurrencies around the world, as well as the current pandemic factor, which cannot be ruled out. Long-term investors should not be concerned about Bitcoin’s ability to reach …

The U.S. Securities and Exchange Commission (SEC) has rejected a Fidelity spot bitcoin exchange-traded fund (ETF), adding to a list of applications that have been denied. Fidelity’s proposal for the Wise Origin Bitcoin Trust was denied by the Securities and Exchange Commission on Thursday, just seven days after the SEC rejected an application for a spot bitcoin ETF filed by investment advisory firm First Trust and hedge fund SkyBridge Capital. Currently, SEC is preferring ETFs that track bitcoin futures. “While we are disappointed by the outcome of the SEC’s deliberations resulting in today’s disapproval order, we reaffirm our belief in market readiness for a physical bitcoin exchange-traded product and look forward to continued constructive dialogue with the SEC,” stated a Fidelity spokeswoman. In December, Krypton’s proposal to list a spot Bitcoin ETF was also rejected.  VanEck and WisdomTree’s plans for a spot bitcoin ETF were also denied. ProShares, which trades on the New York Stock Exchange, introduced the first-ever ETF backed by bitcoin futures in October. The VanEck Bitcoin Strategy ETF and the Valkyrie Bitcoin Strategy ETF have also been approved.

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