The U.S. Securities and Exchange Commission has announced that it has yet to approve bitcoin spot exchange-traded funds, despite a post on the regulatory body's account on “X” website.
Firms and funds race to attract bitcoin investors as 11 investment firms list their commissions for bitcoin trading funds
Bitwise Bitcoin Trading Fund sets trading commission at 0.24% of transaction value, while VanEck Bitcoin Trading Fund sets trading commission at 0.25% of transaction value.
ARK Bitcoin Trading Fund sets trading commission at 0.25% of deal value, BlackRock Bitcoin Trading Fund sets trading commission at 0.30% of deal value, Grayscale Bitcoin Trading Fund sets trading commission at 1.5% of deal value. Respect.
Standard Chartered expects bitcoin trading funds to attract $100 billion this year alone.
Bitcoin's price surpassed $47,000 for the first time since April 2022 on Monday, amid speculation that US regulators are poised to approve the issuance of exchange-traded funds that invest directly in the digital asset for the first time.
The price of the original digital currency surged as much as 6.2% to $47,007, the biggest one-day increase since last November 15, as the coin has recorded a 160% increase in the past year. And the Exchange Commission will approve it… Orders will continue to rise towards levels not previously recorded before cryptocurrencies crash in the second half of 2022.
Notably, Bitcoin reached its highest historical levels of $69,000 in November 2021.