Bitcoin ETFs are a thing. Last night the SEC approved their operations and Bitcoin evangelists the world over have taken to Twitter and other platforms to shout the news from the rooftops.
Some are serious, obviously appealing to men in suits. Others remind us here at Finance Magnates of a child who’s ingested too many “E” numbers. It’s a party atmosphere over on Twitter, sorry, X, with some organizations and institutions trying to keep calm and act professional while others are losing all sense of decorum.
And all this comes after the SEC’s little Twitter whoopsie, of course.
Crypto Twitter – Elation with Some Calm Heads
Here, we take a look at how Bitcoin’s biggest names, including the ETFs themselves, are reacting to the news.
We kick off with Binance who are, amazingly, quite restrained. They’re posting useful information.
Spot #Bitcoin ETFs have arrived.Here’s how they work 👇
— Binance (@binance) January 11, 2024
21Shares, likewise, are also posting very serious, adult content. Go to them and Binance if you actually want to understand what’s going on.
Introducing ARKB: The ARK 21Shares Bitcoin ETF, providing regulated exposure to bitcoin.• Low TER: ARKB’s total expense ratio (TER) is .21%, one of the lowest on the market.• Fee Waiver: 21Shares will waive its entire management fee until 10 July 2024 or until assets reach… pic.twitter.com/eRDUIXZkCQ
— 21Shares US (@21shares_us) January 11, 2024
Fidelity Investments, they of the Fidelity Wise Origin Bitcoin Fund don’t appear to be awake. Perhaps they partied a little too long, but their Twitter feed is disappointingly quiet. Check this out from November.
Market volatility happens. When preparing for the future, consider whether your stock and bond mix matches your tolerance for risk: https://t.co/AbqyEPfNcU pic.twitter.com/tVWcV1Bs6K
— Fidelity Investments (@Fidelity) November 15, 2023
Galaxy are playing it cool, with a (relatively) clever little Tweet. We admit it, we smiled.
Did you #BlockYourCalendar? pic.twitter.com/CCcw7XkdPe
— Galaxy (@galaxyhq) January 10, 2024
But. Forget today. Bitwise are the people who brought us this, all the way back in December. Nobody’s done it better.
A word to the wise, from a man of few words. #bitcoinisinteresting https://t.co/wantGiAIqJ pic.twitter.com/x5MPbElEev
— Bitwise (@BitwiseInvest) December 18, 2023
VanEck’s Twitter admin clearly needs to step away from their phone and take a breath. They’ve eaten too many Smarties and they should calm down. But more power to them.
You get the feeling that Valkyrie have got better things to do than get on social media. But, they did speak to Fortune before it all kicked off. Sensible of them.
Is tomorrow the day the spot Bitcoin ETF wins approval? CIO @stevenmcclurg spoke to @FortuneMagazine’s @leomschwartz about what he is watching for from the SEC, his views on cash versus in-kind redemption models, and more. Check out his insights: https://t.co/X8a76whmAa
— Valkyrie (@ValkyrieFunds) January 9, 2024
Hashdex. OK. That’s cute. It’s not as good as BitWise, but we give credit where credit’s due. Get it?
— Hashdex (@hashdex) January 5, 2024
Grayscale. True to their name, they’re a little dull. Informative, but a little dull. Someone has to keep their heads.
We expect $GBTC will commence trading as an ETF tomorrow, January 11, capping off over a decade of careful planning and hard work.For important info & disclosures, visit: https://t.co/nayoA6agcZ-Grayscale Bitcoin Trust (BTC) (the “Trust”) has filed a registration statement… pic.twitter.com/hkDwn6vlo1
— Grayscale (@Grayscale) January 11, 2024
Calm Amid the Storm
And then, there’s your trusted news source, us.
The #SEC‘s recent approval of a #BitcoinETF represents a significant shift in the cryptocurrency landscape. What phase will this decision signal for Bitcoin and the wider #crypto market? Read more to find out!🔗 https://t.co/0Ep9OwUrEr#financemagnates #fmnews #cryptonews pic.twitter.com/yRZ1gtKEAh
— Finance Magnates (@financemagnates) January 11, 2024
This article was written by Louis Parks at www.financemagnates.com.TrendingRead More
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