‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Bullish on Bitcoin, Puts Price at $100K by June
Kiyosaki now has one of the market’s most bullish short-term Bitcoin predictions, while other analysts are play safe with their forecasts.
Kiyosaki now has one of the market’s most bullish short-term Bitcoin predictions, while other analysts are play safe with their forecasts.
The introduction of spot Bitcoin ETFs triggered a massive retracement in the overall crypto market.
Fidelity Investments filed form S-1 with the US SEC on December 29, 2023, to offer the Fidelity Wise Origin Bitcoin Fund shares via Cboe BZX Exchange.
As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality.
Bloomberg ETF analyst James Seyffart estimates that the SEC’s decision deadline for Fidelity will likely be January 21, 2024, with the final decision expected on March 8, 2024.
The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust.
The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market.
As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings.
The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations.
Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market.