JUST IN: Former-Citi execs are launching #Bitcoin  Depositary Receipts, which are securities backed by Bitcoin that do NOT need SEC approval - Bloomberg

JUST IN: 🇺🇸 SEC is meeting with Nasdaq, NYSE and other exchanges today finalise comments on Bitcoin ETF issuers - Fox News

Don't let them shake you out, anon. #Bitcoin  is just getting started. 🚀

UPDATE ‼️ Bitcoin price dumped 9% in 1 hour on the basis of a report by Matrixport predicting an SEC rejection of ALL Bitcoin ETF applications. Their justification? Politics. - 5 voting commissioners are Democrats. - Democrats don't like 'crypto'. - Applicants haven't satisfied the SEC's requirements. - There is not political justification to approve a Bitcoin ETF. I spoke to Bloomberg's ETF analyst @JSeyff at length, and together with his senior colleague @EricBalchunas - they give a +90% chance of approval due to a number of factors, especially the SEC's significant change in behaviour by way of engaging with applicants and providing them with guidance on updating their applications. My interview with James is really worth listening to because we cover this from the outset and James lays it out quite clearly. It's worth noting James and Eric called Grayscale's victory in advance and have been accurate all the way along so far. FULL BLOOMBERG INTERVIEW: t.co/ASloefyIHF There are several key reasons as to why a Bitcoin ETF is more likely to be approved this time compared to previous attempts: 1. **Grayscale's Legal Victory**: Grayscale winning its court case against the SEC has significantly shifted the landscape. This court decision has been a major catalyst in increasing the likelihood of ETF approvals. 2. **SEC's Increased Engagement with Issuers**: The SEC's proactive discussions and meetings with ETF issuers suggest a more collaborative and open approach towards resolving outstanding issues and concerns related to ETFs. 3. **Addressing SEC's Concerns**: Issuers have gradually addressed the SEC's concerns, ticking off many of the SEC's checklist of requirements for approval, such as 'Cash Creates' only. 4. **Market Evolution and Maturity**: The Bitcoin market has significantly evolved and matured over the years, with better infrastructure, increased institutional participation, and more robust regulatory frameworks. 5. **Improved Market Surveillance and Compliance**: Advances in market surveillance and compliance mechanisms have made it easier to address the SEC's concerns regarding market manipulation and fraud. 6. **Increased Institutional Interest**: Growing interest from established financial institutions in Bitcoin has likely played a role in pushing for regulatory clarity and ETF approvals.

The first #Bitcoin  block was mined on this day 15 years ago.

2024 is the Year of the Dragon The Chinese name for the dragon is 'Loong'. I shall say no more... 🤑

JIM CRAMER: #Bitcoin is a reality and a technological marvel, and people have to recognise it is here to stay....and all the bulls were right. 🧐

UPDATE: 🟠 It was reported the SEC would give Bitcoin ETF applicants the green light today/tomorrow for a launch by next week. Sources from BlackRock told Fox Business that approval is now likely to come by the end of this week. It's coming and it's not priced in! 👀

COUNTDOWN🚨 10 days until Bitcoin ETF Approval 👀

JUST IN: Invesco/Galaxy will charge ZERO fees on its Bitcoin ETF for first six months AND for first $5b in asse

Jamie Dimon says Bitcoin should be banned. Now his bank JP Morgan has been named as an ‘Authorised Participant’ on BlackRock’s ETF application - the biggest name in funds management. Watch what they do. Not what they say.

BREAKING: Coinbase replaces its head of custody as the company gears up to provide services for spot Bitcoin ETFs.

COUNTDOWN🚨 11 days until Bitcoin ETF Approval 👀

JUST IN: A Bitcoin ETF will "open up the universe of the pensions, insurers" to Bitcoin - Goldman Sachs

BREAKING: Cathie Wood's ARK just sold ALL of its GBTC position - Bloomberg Getting ready to put those funds into their own Bitcoin ETF.

JUST IN: 🇺🇸 The SEC is ready to approve a spot Bitcoin ETF - Bloomberg Senior ETF analyst @EricBalchunas

🟠 14 days until Bitcoin ETF approval.

FIDELITY _ BITCOIN _ ETF - A spot Bitcoin ETF will give 124m Americans immediate and direct access to Bitcoin through their brokerage accounts. - Fidelity has 43 million brokerage accounts for customers. - Fidelity also has a Bitcoin ETF application.

CNN says "The spot Bitcoin ETF could quickly reach your 401(k) retirement plan...It’s a big step toward mainstream adoption of bitcoin." 🚀

BREAKING: Grayscale Chairman Barry Silbert has resigned, as SEC approval of Bitcoin ETFs expected by January 10