The Zug-based private equity group, Partners Group, continues its growth trajectory, benefiting from a record in client acquisition. Despite a challenging market environment, the firm attracted substantial new funds in the billions last year.By the end of 2023, the Zug private equity group managed assets worth $146.9 billion, up from $135.4 billion at the end […]
A Solana-based maximum extractable value (MEV) bot has made a staggering $1.7 million from a single trade. This occurred when a trader made a $9 million purchase of the memecoin Dogwifhat (WIF) in a highly inefficient manner. The MEV bot, operated by 2fast, swapped 703 Solana SOL to 490,000 WIF and then swapped the same […]
In a landmark decision, the US Securities and Exchange Commission (SEC) has approved all 11 Bitcoin ETF applicants, marking a significant milestone for the cryptocurrency industry. This move is expected to bring about a new era of inflows, institutional investments, and regulatory clarity, potentially reshaping the entire crypto market landscape.Market analyst Michael Van de Poppe […]
The United States has made a significant breakthrough in the world of cryptocurrency by approving the trading of Bitcoin Exchange Traded Funds (ETFs). This historic moment marks the birth of a new asset class, making Bitcoin more accessible and affordable to trade than ever before. The cryptocurrency industry views this as a major victory after […]
Bitwise, a cryptocurrency index fund manager, has pledged to donate 10% of the proceeds from its Bitwise Bitcoin ETF to support the open-source development of BTC. This move comes in the wake of the recent approval of the investment product, a development that has been eagerly awaited within the industry.In a thread on X on […]
The U.S. Securities and Exchange Commission (SEC) approved 11 Spot Bitcoin ETFs on Wednesday, following years of rejecting numerous ETF applications from various issuers. The SEC’s action is limited to ETPs that hold a non-exchange-traded commodity, Bitcoin. This should not signal the Commission’s readiness to approve the introduction of standards for cryptocurrency asset titles, according […]
Asset management giant Vanguard has reportedly decided not to allow the purchase of spot Bitcoin exchange-traded funds (ETFs) on its platform, a move that has led some customers to consider leaving. The company stated that it will not offer the new spot Bitcoin ETFs on its brokerage platform as they do not align with its […]
In a significant development, the launch day of the Bitcoin ETF has been marked as a historic moment. Alex Fazel, a representative from SwissBorg, has joined the discussion on the potential impact of this event.According to Fazel, the introduction of spot Bitcoin ETFs could lead to an influx of hundreds of billions into Bitcoin. This […]
Cathie Wood, the founder and CEO of Ark Invest, has been a prominent figure in the media discussing the first US-approved spot Bitcoin ETF (Exchange Traded Fund). Both Wood and her asset management firm have been long-term advocates of the cryptocurrency.In a recent interview with the Schwab Network, Wood revealed that approximately 25% of her […]
The inaugural day of trading for a new collection of Bitcoin exchange-traded funds (ETFs) was a resounding success, with BlackRock, Grayscale, and Fidelity’s ETFs leading the pack in total volumes. However, one issuer didn’t get off to the anticipated start.According to data aggregated from Yahoo Finance, the total volume across ten of the spot Bitcoin […]
