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The hype around bitcoin ETFs is fading, analysts noted

Quick Take: At an event on Monday hosted by the Foundation for Defense Democracies, the Arkansas Republican spoke about the Clarity for Payment Stablecoins Act and the Financial Innovation and Technology for the 21st Century Act, both of which advanced out of the House Financial Services Committee last year. Rep. French Hill also told reporters he is open to listen to Sens. Sherrod Brown, D-Ohio, and Sen. Elizabeth Warren, D-Mass., on their illicit finance concerns.






May 2024 approvals may be unlikely due to Gary Gensler's political career.

Early trading data from Bloomberg revealed that iShares Bitcoin Trust (IBIT) had surpassed GBTC in trading volume, indicating a resurgence in investor confidence.

Invesco and Galaxy’s spot bitcoin ETF, which has remained at the middle of the pack among the new crypto-based funds, is dropping its fee from 0.39% to to 0.25%, according to an SEC filing.The new rate, which doesn’t come into effect for months, will put the firms’ ETF on par with most competitors.