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The massive interest in Bitcoin ETFs (Exchange-Traded Funds) has created a war between issuers to attract clients to their products. The financial giants have taken different approaches to captivate the public, and lowering the fees has been a crucial component of these strategies.
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One analyst on X now thinks there is a high chance that Bitcoin will drop from spot levels to as low as the $59,000 to $62,000 support zone if bulls fail to reclaim $70,300. The drop will represent a 20% drop from all-time highs of $73,800.
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Grayscale Bitcoin exchange-traded fund (GBTC) fees will gradually decrease as the market evolves, according to CEO Michael Sonnenshein.
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The introduction of the Bitcoin Spot Exchange-Traded Funds (ETFs) has been a pivotal development in the cryptocurrency market, but some ETF issuers have failed to respond to certain requirements, leading to the rejection of their application.
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Bitcoin is trading above $60,000 for the first time in over two years following a wave of institutional demand. Following this encouraging uptick, one trader predicted a “mania” after the coin broke above the 7-week Supertrend.
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The US Securities and Exchange Commission (SEC) has invited public comments on the potential introduction of Bitcoin spot ETF options trading. This development has drawn much reaction from the financial market, with experts predicting that the regulatory body could grant approval as early as March.
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Privacy-centric digital asset ZCash surged by roughly 15% after reports surfaced that Grayscale Investments had filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).
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