Bloomberg has raised the odds of a Bitcoin ETF gaining approval to 75% by the end of 2023 and 95% by 2024, following Grayscale’s legal win against the U.S. Securities and Exchange Commission (SEC). The SEC is now expected to make ‘first deadline’ decisions on seven major Bitcoin ETF applications from industry giants like BlackRock, […]
The fifth-largest digital asset, XRP, has seen a surge in its daily average traded volume to about $1.572 billion, recording a spike of over 114 percent. This comes after the U.S. Court of Appeals for the D.C. Circuit issued a ruling in favor of Grayscale Investments and against the SEC. Following the ruling, XRP price […]
The United States could be seeing a resurgence in the crypto industry after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates. Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have challenged the Securities and Exchange […]
Grayscale Investments CEO Michael Sonnenshein recently described the US appeals court’s decision to overturn the Securities and Exchange Commission’s (SEC) block of his firm’s proposed spot Bitcoin exchange-traded fund (ETF) as a “huge win” for the digital-assets industry. This ruling has rekindled hopes for the launch of the first US ETF that would invest directly […]
The US Securities and Exchange Commission is set to make a decision on the first of seven applications to launch spot Bitcoin ETFs on Thursday. The SEC has been hesitant to approve a spot ETF application because it believes the Bitcoin market is prone to price manipulation. However, Bloomberg ETF analyst James Seyffart believes the […]
The Southern District Court of New York (SDNY) recently dismissed a class action lawsuit against Uniswap, the leading decentralized exchange. The lawsuit was filed by an investor from North Carolina who claimed that Uniswap had sold unregistered securities and failed to register as an exchange or broker-dealer. The investor had lost around $10,000 after buying […]
A recent victory by Grayscale against the federal securities regulator has raised the probability of an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, according to Bloomberg analysts. Eric Balchunas, a senior ETF analyst at Bloomberg, said the chances have risen to 75% from an earlier 65%. James Seyffart and Elliot Stein, […]
A federal court ruling this week has increased the likelihood of a Bitcoin (BTC) exchange-traded fund (ETF) launching by the end of the year. According to Bloomberg ETF experts James Seyffart and Eric Balchunas, there’s a 75% chance that a spot market BTC ETF will launch by the end of 2023 and a 95% chance […]
Bitcoin investors holding between 10 to 10,000 BTC bought ahead of the rally, according to data from the on-chain analytics firm Santiment. The “BTC Supply Distribution” metric shows that these large BTC holders scooped up a significant amount of the asset before the news of Grayscale’s win against the US Securities and Exchange Commission (SEC) […]
OKX, a leading cryptocurrency exchange, has released its tenth consecutive proof-of-reserves (PoR) report. The report shows that the exchange holds $10.4 billion in primary crypto assets such as Bitcoin (BTC), Ether (ETH), and Tether (USDT). The audit covered 22 digital assets, including USD Coin (USDC), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), and OKB.The […]
