Spot Bitcoin ETFs are expected to receive approval and commence trading on Thursday, according to executives from VanEck and Valkyrie. Jan van Eck, CEO of VanEck, and Steven McClurg, the Chief Investment Officer for Valkyrie, both expressed their anticipation for the launch day on CNBC’s ETF Edge and Fortune respectively.McClurg stated, “We’re just in a […]
All applicants for the proposed spot Bitcoin exchange-traded funds (ETFs) have submitted their final amended S-1 applications to the US Securities and Exchange Commission (SEC). This includes eleven asset management firms such as BlackRock, Grayscale, ArkInvest, Fidelity, Franklin, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTree, and Invesco Galaxy.Valkyrie was one of the first companies to submit its […]
As we step into a new year, the blockchain and Web3 industry is set to witness a plethora of innovations, regulatory developments, and emerging trends. For crypto enthusiasts, investors, and professionals, it’s crucial to stay updated with the pivotal events happening each month. January 2024 is no exception, with several high-profile events and project launches […]
Grayscale’s Bitcoin Trust is currently witnessing a surge in trading activity. This comes as the anticipation for the approval of an Exchange-Traded Fund (ETF) continues to build.The trust’s record trading and narrowing discount are significant indicators of the market’s response to the potential ETF approval. This development is a clear reflection of the growing interest […]
The crypto market is eagerly awaiting the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. This decision could trigger the next crypto bull market and a wave of crypto adoption. The list of hopeful spot Bitcoin ETF issuers has grown, with their most recent Form S-1 amendments filed on Jan. […]
Swiss banking software manufacturer Temenos and consulting firm Deloitte have announced a new partnership aimed at making inroads into US financial institutions. The collaboration is designed to assist these institutions in accelerating the modernization of their core banking and payment systems in the cloud.The partnership is part of a joint strategy to help financial institutions […]
The U.S. Securities and Exchange Commission (SEC) has yet to approve Bitcoin Spot Exchange-Traded Funds (ETFs). However, it is already clear that providers will competitively price their products. The expected fees have been disclosed by the companies intending to offer these ETFs, even before the SEC’s decision.According to an overview compiled by Reuters, the average […]
Bitcoin has been in the spotlight due to the anticipation of a spot ETF, with the digital currency trading at its highest level since April 2022. However, Bloomberg’s Mike McGlone predicts a market correction is imminent, regardless of whether the SEC approves the ETF or not. He believes that Bitcoin, like other risky assets, will […]
Ethereum (ETH) is at a crucial point, with crypto analyst Michaël van de Poppe predicting a potential bullish breakout. Van de Poppe suggests that Ethereum is nearing its 2022 low and is likely to absorb liquidity at this level. He believes that if a spot ETF for Bitcoin (BTC) is approved, there could be a […]
Bill Hwang, the founder of the now-defunct financial firm Archegos, has leveled serious allegations against the prosecuting attorney’s office. The accusations revolve around the trading data of the company, which spectacularly collapsed in 2021, causing the major bank Credit Suisse to lose several billion and a lot of trust.The double scandal involving Archegos Capital Management […]
