The crypto world experienced a significant milestone with the launch of the first US ETFs directly holding Bitcoin. The debut was extraordinary, with nearly a dozen spot Bitcoin ETFs launching simultaneously, generating a record-breaking volume of over $4.6 billion. This event injected a jolt of excitement into the digital currency landscape.Investors, driven by pent-up demand […]
CoinShares, a European investment company, has announced its decision to acquire Valkyrie Funds LLC, the investment advisory arm of US digital asset manager Valkyrie Investments Inc. This move is a direct response to the US Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin ETF, ‘The Valkyrie Bitcoin Fund (BRRR)’, which began trading on […]
Bitcoin ETFs, backed by actual bitcoin, made their debut on US exchanges on Thursday, following over a decade of attempts. However, this development has had little impact on bitcoin’s price. After the ETFs went live, bitcoin briefly approached $49,000 but has since lost about $3,000, marking a 6% retracement.This is slightly below the level it […]
Stablecoin firm Circle has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This marks a significant shift for the company, which is making another attempt to go public after terminating a prior deal a year ago. The company announced its move through a press statement, revealing that […]
Senator Elizabeth Warren, a member of the Senate Banking Committee, has publicly criticized the Securities and Exchange Commission (SEC) for its recent approval of 11 spot Bitcoin exchange-traded funds (ETFs). Warren argues that the SEC’s decision is flawed both legally and policy-wise, and she emphasizes the urgent need for basic anti-money laundering (AML) rules in […]
The United States House of Representatives Financial Services Committee (FSC) has initiated a working group on artificial intelligence (AI) to delve into the impact of AI on the financial services and housing sectors. The announcement was made by the House Financial Services Committee Chairman, Patrick McHenry, and Ranking Member Maxine Waters on Jan. 11, 2024.The […]
ARK Invest CEO Cathie Wood has recently updated her Bitcoin price predictions, presenting a bullish scenario of $1.5 million, a significant increase from her previous estimate of $1 million. This optimistic forecast comes following the approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC) in the United States.ARK Invest, one […]
BlackRock CEO Larry Fink recently expressed his belief in the value of a spot Ethereum (ETH) ETF (Exchange Traded Fund) during an interview with CNBC. This comes after the US SEC (Securities and Exchange Commission) approved 11 spot Bitcoin (BTC) ETFs, a development that has been eagerly anticipated by US investors interested in the cryptocurrency […]
BlackRock CEO Larry Fink has shown interest in a spot Ethereum ETF following the US SEC’s approval of 11 spot Bitcoin ETFs. Major firms such as BlackRock, VanEck, and Grayscale have applied for a spot ETH ETF, indicating a strong interest from US investors in cryptocurrency-based ETFs.The SEC has set final decision deadlines for the […]
Asset manager Vanguard has made the decision to prevent its customers from purchasing spot Bitcoin ETFs via its platform. This move coincided with the commencement of trading for these ETFs, leading to some customers expressing their intention to leave Vanguard. The upcoming months may see a shift in focus towards Pullix, a new hybrid exchange […]
