CNBC’s Kate Rooney reports on news around Bitcoin.
>>> WELCOME BACK TO “SQUAWK ON THE STREET.” CRYPTO INVESTORS WAITING WITH BAITED BREATH FOR THE BITCOIN ETF. WILL IT HAPPEN AND HAPPEN AS EARLY AS THIS WEEK? KATE ROONEY, THAT’S THE QUESTION. >> YEAH, DAVID, THAT IS THE QUESTION. BITCOIN ETF IS WIDELY EXPECTED
TO GET THE GREEN LIGHT THIS WEEK. TWO SOURCES CLOSE TO THE PROCESS TELLING ME IT’S LOOKING LIKE WEDNESDAY, ALSO THE DEADLINE FOR CATHIE WOOD’S ACHRK AND POTENTI TRADING WOULD HAPPEN THURSDAY OR FRIDAY. IT HAS BEEN A MOVING TARGET ON DATES. THE S.E.C. IS EXPECTED TO
APPROVE A HANDFUL OF APPLICATIONS. WANTS SPONSORS FILING MORE PAPERWORK THIS MORNING WHERE WE ARE GETTING A SENSE OF THE PRICE WAR EMERGING. THERE ARE 13 APPLICATIONS OUT THERE WITH DIFFERENT FEES. SOME STARTING AT ZERO AND RISING. ONCE THE FUND HITS A CERTAIN SIZE.
BLACKROCK, FOR EXAMPLE, PLANS TO START AT 0.2% AND GO TO 0.3%. FIDELITY AT 0.39%. GRAYSCALE LOOKING THE HIGHEST AT 1.5%. THIS IS WORTH WATCHING. IT’S LOOKING TO CONVERT AN ALREADY PUBLICLY TRADED BITCOIN TRUST GBC INTO AN ETF KNOWN AS AN UPLIST WITH $27 BILLION, ROUGHLY, UNDER MANAGEMENT.
THEY WOULD BECOME ONE OF THE LARGEST COMMODITY-BASED ETFs IF APPROVED. IT USED TO TRADE AT A STEEP TO BITCOIN AND DEEP DECLINE NOW NARROWING TO 5%. IF THAT FUND CONVERTS TO ETF, THE DISCOUNT ESSENTIALLY DISAPPEARS OVERNIGHT. STARTS TRADING AT THE PRICE OF BITCOIN.
SOME ARE TAKING THAT AS AN ARBITRAGE TRADE, AN OPPORTUNITY THERE. CRYPTO PRICES HAVE SHOT UP IN ANTICIPATION OF THIS APPROVAL. SOME ARE CAUTIOUS, THOUGH, INCLUDING CATHIE W
27 Comments
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
The prospects that Block Sailor Token provides excite me. Together, lets investigate!
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
The prospects that Block Sailor Token provides excite me. Together, lets investigate!
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
The prospects that Block Sailor Token provides excite me. Together, lets investigate!
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
The prospects that Block Sailor Token provides excite me. Together, lets investigate!
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
The prospects that Block Sailor Token provides excite me. Together, lets investigate!
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
The prospects that Block Sailor Token provides excite me. Together, lets investigate!
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
LTCN!!!!
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
There are much better and safer alternative currencies, including Block Sailor BLOCK, thus Im no longer interested in those ones.
Dont believe the mainstream media. Do the opposite. This Bitcoin etf is gonna pump and crash Bitcoin the day of the announcement. Its 100% historical record to peak and crash at the etf dates. This also coincides the 48k major resistance level for Bitcoin.