Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), following in the footsteps of its main competitor, BlackRock. The filing with the Securities and Exchange Commission (SEC) outlines Fidelity’s plan to list and trade shares of the proposed fund on Cboe BZX. This move comes after Fidelity submitted a similar proposal for a […]
Stablecoins, a type of digital currency pegged to a fiat currency like the USD, are facing challenges in maintaining stability and regulatory control, according to a study by the Bank for International Settlements (BIS). The study highlights the weaknesses of stablecoin settlement mechanisms, drawing parallels with the Eurodollar and foreign exchange markets. Unlike fiat currencies, […]
The Commerzbank, Germany’s fourth-largest bank, has been granted a license by the Federal Financial Supervisory Authority (BaFin) to custody crypto assets. This makes Commerzbank the first universal bank in Germany to receive such a license. The license allows the bank to custody cryptocurrencies like Bitcoin and Ether, as well as tokenized securities issued on the […]
Singapore’s Monetary Authority (MAS) has launched a pilot program for the live issuance of a central bank digital currency (CBDC) based on the Singapore dollar. This move represents a significant departure from previous simulations, as MAS collaborates with local banks to practically test the use of CBDCs in real-world domestic payment scenarios. The pilot program […]
The Monetary Authority of Singapore (MAS) has announced a pilot program for a Singapore Central Bank Digital Currency (CBDC) for bank settlements. This marks a shift from previous simulations to real-world trials with local banks, aiming to enable instant settlement of payments among commercial banks using the CBDC. Unlike Singapore, the US has been less […]
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced a pilot program for a live Singapore dollar-based central bank digital currency (CBDC). This wholesale CBDC will be used by local banks for settlements. MAS Managing Director Ravi Menon revealed the plan during the Singapore Fintech Festival. Previously, the MAS had only simulated the […]
Tether Holdings Ltd, the stablecoin giant, is planning to invest $500 million into Bitcoin mining operations. This move marks a significant diversification of Tether’s core business and could have a major impact on the competitive mining sector. Tether’s strong financial position, with a cash surplus of $3.2 billion, enables the company to undertake such a […]
The Securities and Exchange Commission (SEC) has received a registration statement from BlackRock for an exchange-traded fund (ETF) that will hold ETH, the native token of the Ethereum network. The iShares Ethereum Trust, structured as a Delaware statutory trust, will hold ETH as its primary asset and issue shares to investors that will be listed […]
BlackRock, the world’s largest asset manager, has filed a registration statement and prospectus with the Securities and Exchange Commission (SEC) for an Ethereum-based exchange-traded fund (ETF). The proposed ETF, called the iShares Ethereum Trust, will directly hold Ethereum and track its price before fees and expenses. The ETF’s net asset value (NAV) will be calculated […]
BlackRock, the world’s largest asset manager, has filed for an Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This move comes after BlackRock registered the iShares Ethereum Trust with the Delaware Department of State Division of Corporations. The company had previously filed for a Bitcoin ETF application. BlackRock’s entry […]
