It's no doubt that the ETF approval will unlock and bring in a whole new level of investors, and market opportunity for both retail investors and those who has been in the crypto space for quite a number of years pivoting through the thick and the thin. This bull market surely, is primed for a different kind that's never been seen or experienced before in the past, same way the last bear market came with its own uncertain events, lasting a total of 490 days according to reports from Blockworks. The nearest to this number was a 353 days Bitcoin bear market cycle of November 2014 - October 2015.

With recent development as regards the amended and final filing of the S-1 filing BlackRock, the world’s biggest investment management firm with over $9.4 trillion in investments, said it was going to start its charge at 20 basis points (0.20bps) for a period of twelve months, with its fund reaching a cap of $5 billion then settle at 30 basis points (0.30bps). Fidelity follows as the second-largest asset management company at over $3.9trilion disclosing fees at 39 basis points (0.39bps), with ARK invest lowering from 0.8% to a 25 basis points, VanEck at 25 basis points (0.25bps). Grayscale on the other hand dropped its 2% charge to a 1.5% according to an S3 filing on Monday 8th January,2024. BitWise ETF was recorded so far as the lowest with a waiving off fee for the first 6months and subsequently at a 24 basis points (0.24bps), then Wisdoms tree at 0.5%.

At this news, Bitcoin surged from a low of $44,350 to a high of $45,200 on the Binance spot market. Data indicating over $113 million inflows for Bitcoin last week As reported by Coinshares’ Digital Asset Fund Flows Weekly report. Judging from this recent price rally, an increased inflow above that number has occurred.

What does this mean for the ETF Approvals?

It's simple, it increases the chances of a Spot Bitcoin ETF approval by 80% but, it's never a bad thing to not allow yourself get carried away. Like I reported earlier, it's wise to note this period as a volatile time, and only take informed decisions when doing anything in the market, which is why these news are delivered straight way as they come in.

Thank You get again for making it this far, as always, your favorite crypto journalist -Clever Abaribote. See you soon.

SOURCES:

BlackRock SEC : https://www.sec.gov/Archives/edgar/data/1980994/000143774924000785/bit20240106_s1a.htm

Wisdom tree SEC : https://www.streetinsider.com/dr/news.php?id=22604154

VanEck SEC : https://www.streetinsider.com/dr/news.php?id=22604192

ARKinvest SEC : https://www.sec.gov/Archives/edgar/data/1869699/000119312524003823/d549524ds1a.htm

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