ETF approval could send Bitcoin to $60,000 near term - deVere's Green
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January 11, 2024 10:44 AM EST
Circle Internet Financial (Circle), the issuer of stablecoin USDC, announced Thursday that it has confidentially filed for an initial public offering in the U.S.
The company submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC).
USDC is a... More
January 11, 2024 8:35 AM EST
(Updated - January 11, 2024 8:44 AM EST)
The SEC's approval of 11 proposed spot Bitcoin ETFs on January 10 marks a significant milestone, affirming the growing acceptance and legitimacy of Bitcoin in traditional financial markets.
This development follows BlackRock's filing of an S-1 with the SEC in June 2023, signaling the initiation of the approval process.
We have been adamant that a spot Bitcoin ETF approval would be the single most important catalyst for Bitcoin in the near term, Cantor Fitzgerald analyst Josh Siegler.
In our view, an approved spot ETF boosts Bitcoin's accessibility, credibility, and network effects. We view... More
