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The SEC's approval of Bitcoin ETFs, including ProShares Bitcoin Strategy ETF (BITO) and VanEck Bitcoin Strategy ETF (XBTF), marks a significant milestone in integrating cryptocurrencies into the regulated financial ecosystem. Experts predict a bullish long-term outlook for these ETFs, anticipating broader acceptance and potential approval of Ethereum ETFs. The success of these ETFs could lead to increased allocations in investor portfolios and pave the way for further digital asset ETFs, transforming the investment landscape.

Portfolio Pulse from Murtuza Merchant

February 05, 2024 | 7:50 pm

The market is anticipating the potential impact of Spot Bitcoin ETFs on existing Bitcoin futures markets. ProShares' Simeon Hyman highlighted the maturity, liquidity, and regulation of futures markets, contrasting them with the less predictable spot markets. ProShares Bitcoin Strategy ETF (BITO), VanEck Bitcoin Strategy ETF (XBTF), and Valkyrie Bitcoin and Ether Strategy ETF (BTF) are some of the current futures ETFs. Nate Geraci and Whale Wire expressed skepticism about the benefits of spot ETFs, with Whale Wire suggesting that hype could lead to inflated prices.

Portfolio Pulse from Khyathi Dalal

January 04, 2024 | 9:03 pm

VanEck CEO Jan Van Eck predicts a bleak future for the launch of a Bitcoin-spot ETF in the US, citing the ongoing case between the SEC and Grayscale Investments. He also highlighted recent issues with Ether-futures-based fund filings, suggesting further foot-dragging from the SEC.

Portfolio Pulse from Murtuza Merchant

May 19, 2023 | 7:35 pm

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