Coinbase and its CEO Brian Armstrong have contributed about one-third of the $85 million funds raised by Fairshake, a super-PAC supporting pro-crypto politicians. Other key donors include a16z and Ripple. Industry watchers expect wealth managers to enter bitcoin ETFs with force, but it will take time. The approval of the US spot Bitcoin ETF options may take months, potentially affecting the appeal of the underlying products. ARK Invest's Big Ideas 2024 report suggests that if 19.4% of global investable assets were put in Bitcoin, the price could reach $2.3 million. Fairshake PAC, backed by major crypto players, aims to elect more crypto-friendly lawmakers with its $85 million contributions for 2024.
Will tepid BTC ETF demand reflected on bitcoin's price be the chicken or the egg of what's to come? My weekend read on the BTC and BTC ETF outlook. #ForbesCrypto https://t.co/LL7yVlqAdV https://t.co/aCU0r7iHCx
Spot Bitcoin ETFs, which were recently approved in the U.S., give investors exposure to price movements but not to the financial ownership and sovereignty that makes crypto different from other financial assets, says @_pgauthier @Ledger. Opinion. https://t.co/kLvYTe3u0s
Now that spot Bitcoin ETFs have been approved, crypto lobbyists are turning to other areas of regulation they hope to advance during a turbulent election year. @benjaminopowers reports https://t.co/giipdEyySP
What’s behind Cathie Wood’s ARK estimate for bitcoin to surge to $2.3 million https://t.co/X7XBPLxtRT
Now that spot BTC ETFs have been approved, what is next for Bitcoin? Find out in our newest monthly BTC flashnote by @purplepill3m, recapping January for BTC in: - TradFi markets - Options activity - Miner revenue - Onchain activity https://t.co/1Ea7ccoG2C
More than ten years after the first application, spot Bitcoin ETFs debuted in the US in January 2024. @LowBeta_ explores the impact on the broader crypto market in our January recap: https://t.co/kDO0wz5HHq https://t.co/G4dUDNQwVd
Bitcoin Price Is Rising and the Crypto Gets a Bold New Price Call: $2.3 Million https://t.co/Ykz7v5Pjgs
My Buttonwood this week. Bitcoin bulls have long hoped that ETFs would boost BTC in the same way gold surged after 2004. But ETFs don't always boost their underlying assets. Sometimes, their emergence is a signal of hype and long-run underperformance. https://t.co/KfeETjjubx
Crypto continues to thrust its way into election spending with the Fairshake PAC. A16z, Coinbase, Ripple Labs lead the donor list, @benjaminopowers reports. https://t.co/qfg7xn6eIp
Fairshake PAC is seeking to elect more crypto-friendly lawmakers. They have $85 million in contributions to spend in 2024, @benjaminopowers reports. https://t.co/qfg7xn6eIp
Less than a month after the debut of spot Bitcoin exchange-traded funds, the asset managers offering the investment vehicles appear to be seeking ways to bolster their own profitability https://t.co/orJ1Q7C3K7
After the first wave of US spot bitcoin ETFs, two firms still look to bring such a fund with a carbon credit twist https://t.co/5fpyCMmEZw
The crypto-backed super PAC Fairshake filed its year-end report last night. While some of the backers of the $85 million war chest have been disclosed, you can see a list of the donors and amounts here for the period of 7/1/2023-12/31/2023: https://t.co/21i4js14F2
The ARK 21Shares Bitcoin ETF encapsulates our years of bitcoin research, offering direct exposure to an asset class we have deeply believed in since our founding in 2014. We know bitcoin. Are you a bit-curious? $ARKB Prospectus: https://t.co/EBHc30aukd
Could take months to gain regulatory approval for options on spot bitcoin ETFs… “Products related to spot bitcoin ETFs could raise questions about jurisdiction & oversight, which the CFTC is still sorting through.” Took 3+yrs for CFTC to approve options on GLD. via @Reuters https://t.co/YbswnzBvlx
Regulatory nod for US spot bitcoin ETF options may take months- sources https://t.co/mZHmcekLYI https://t.co/kMynyQEnKN
Regulatory Nod For US Spot Bitcoin ETF Options May Take Months - MS https://t.co/ddrIyp2AqL
ARK Invest's latest report heralds Bitcoin as a dominant force in the investment world, advocating for a substantial 19.4% portfolio allocation https://t.co/RqiJXoPjoe
Bitcoin Price Stayed Flat Despite ETF Approval in January 📈 The long-awaited approval of the $BTC ETF in January has not affected the price of #Bitcoin on a monthly scale. The buying pressure from new investors has been balanced by the selling pressure from investors who had… https://t.co/xH4icEQ0vV
⚠️ REGULATORY NOD FOR US SPOT BITCOIN ETF OPTIONS MAY TAKE MONTHS- SOURCES (Reuters) Options on new U.S. spot bitcoin exchange-traded funds (ETFs) could take months to gain regulatory approval, potentially dampening the appeal of the underlying products, multiple industry… https://t.co/bYMimkw3PM
As U.S. elections gear up, crypto businesses funnel funds into a political action committee, backing crypto-friendly candidates https://t.co/nz6aEJGoHd
If 19.4% of all the estimated global investable assets were put in Bitcoin, the price could reach $2.3 million, Ark Invest said in its Big Ideas 2024 report. @tikta_ reports https://t.co/Qs3FHaY5fO
Fairshake, a U.S. lobbying and pro-crypto policy super PAC, has raised $85 million to date. Coinbase and its CEO Brian Armstrong contributed nearly a third of the funding. a16z donated $20 million and Ripple donated $20 million. https://t.co/xED613dkUc
Coinbase and Brian Armstrong contributed about one-third of the $85m funds raised so far by Fairshake, a super-PAC that supports pro-crypto politicans. Other key donors include a16z, Ripple, Electric Capital https://t.co/869UJiRSqf
Industry watchers expect wealth managers to enter bitcoin ETFs with force. But it will take time. https://t.co/RkMsDheDxR
Coinbase and Its CEO Prep ‘War Chest’ for Pro-Crypto Politicians https://t.co/AbXGrRsBEr
Coinbase and its CEO Brian Armstrong have contributed about one-third of the funds raised so far by Fairshake, a super-PAC that supports pro-crypto politicans https://t.co/MROexNipmK