In the world of digital assets, a series of groups have co-opted the revolution, turning the industry into a minefield for both new and experienced market players. These groups range from BitMEX to Binance, Bitcoin.com, Blockstream, ShapeShift, Coinbase, Ripple, Ethereum, FTX, and Tether.Grayscale, however, has managed to stay afloat amidst the chaos. Despite its high […]
BlackRock CEO Larry Fink has recently shown interest in an Ethereum-based Exchange-Traded Fund (ETF), indicating a potential shift in investment strategies. This comes at a time when cryptocurrency markets are gaining mainstream acceptance.Fink’s endorsement of Ethereum underscores its growing prominence in the digital finance arena. As the leader of the world’s largest asset manager, his […]
The first spot Bitcoin exchange-traded funds (ETF) in the United States has been approved, paving the way for billions of dollars in institutional money to enter the market. On the first day of trading in January 2024, the total volume across ten spot Bitcoin ETFs reached over $4.5 billion. Grayscale Investments’ Bitcoin ETF alone handled […]
In a historic week for the cryptocurrency market, the US Securities and Exchange Commission (SEC) approved all eleven spot Bitcoin exchange-traded funds (ETF) applications. This approval allows institutional investors to directly participate in the cryptocurrency market through exchange-traded funds, providing a more regulated and accessible avenue for Bitcoin investment. Despite this, Bitcoin’s price has yet […]
The Shiba Inu burn initiative has seen a significant increase in its token burn rate, sparking interest within the crypto community. Data from the Shiba Inu burn tracker, Shibburn, reveals a 395.43% increase in the SHIB burn rate on January 12. Over 18 million SHIB tokens were destroyed in the past 24 hours, coinciding with […]
In a significant development in the financial markets, the debut of Bitcoin Exchange-Traded Funds (ETFs) has been led by trillion-dollar giants, marking a milestone in the decade-long journey to integrate cryptocurrency with mainstream financial markets. This follows the approval by the U.S. Securities and Exchange Commission, with trading commencing this Thursday.However, not all financial institutions […]
Vanguard, the world’s second-largest asset manager, has declared that it will not support the purchase of any spot Bitcoin ETFs launched recently. The firm has taken a conservative stance on cryptocurrencies, stating that they do not form part of a “well-balanced” investment portfolio. This position starkly contrasts with that of its main competitor, BlackRock, which […]
The Securities and Exchange Commission (SEC) has given the green light to the first spot Bitcoin exchange-traded funds (ETFs) in the United States. This move is seen by Web3 professionals as a potential boost to the nonfungible tokens (NFTs) sub-crypto ecosystem, which has been experiencing a downturn.Bill Qian, chairman of Cypher Capital, a crypto investment […]
In a historic event, Grayscale, BlackRock, and Fidelity have led the debut of Bitcoin ETFs in the U.S., marking a significant step in integrating cryptocurrency with traditional financial markets. The launch saw a record-breaking $4 billion trading volume on the first day, reflecting robust investor confidence.Senior ETF Analyst, Eric Balchunas, highlighted the extraordinary level of […]
The recent approval of 11 Bitcoin spot exchange-traded funds (ETFs) has sparked a fierce competition among asset management giants. Mike Novogratz, CEO of Galaxy Digital, predicts a showdown between Invesco, Fidelity, and BlackRock. The latter’s IBIT traded $7.5M shares within the first 10 minutes of its launch.Simultaneously, Everlodge, a disruptor in fractional vacation home ownership, […]
