In a significant move demonstrating its evolving investment strategy, ARK Invest, spearheaded by the visionary Cathie Wood, has made a bold pivot in its cryptocurrency-related holdings. This week marked a monumental shift as ARK offloaded its entire stake in the…
JPMorgan Identified as Authorized Participant in BlackRock’s Bitcoin ETF
In an exciting development for the cryptocurrency market, BlackRock, the renowned asset management giant, has recently disclosed significant new information regarding its proposed spot bitcoin exchange-traded fund (ETF). The company has revealed the identities of its intended authorized participants (APs),…
Cathie Wood: SEC Engaging on Bitcoin ETF Application Signals Regulatory Shift
In a recent development, the Securities and Exchange Commission (SEC) has taken a significant step by initiating inquiries into Bitcoin Exchange-Traded Funds (ETFs), signaling a notable shift in behavior. This move has captured the attention of industry participants, as it…
Comparing GOLD ETF to pending U.S. spot Bitcoin ETF may create $ Trillions in value
In the ever-evolving landscape of cryptocurrencies, the approval of a U.S. spot Bitcoin ETF is poised to be a game-changer with the potential to create trillions of dollars in value. Drawing parallels to the revolutionary impact of the SPDR Gold…
Approaching Year-End, CoinShares Strategy Head Describes Crypto as the ‘Most Disparaged Rally’
In the current market milieu, we embark on a strategic maneuver that delves into the world of cryptocurrency ETFs. Notably, the Proshares Bitcoin Strategy ETF has recently reached unprecedented trading levels, unseen since June 2022. This fund strategically capitalizes on…
CME Group Surpasses Binance as the World’s Largest Bitcoin Futures Exchange
In a significant shift within the crypto derivatives market, CME Group has overtaken Binance as the top Bitcoin (BTC) futures exchange globally, marking the first time in two years that Binance has been displaced from the throne. With open interest,…
BlackRock Confident of SEC Approval for Spot Bitcoin ETF by January 2024
BlackRock, the world’s largest asset manager with $8.5 trillion worth of assets under management, is growing increasingly confident that the U.S. Securities and Exchange Commission (SEC) will approve its application for a spot bitcoin exchange-traded fund (ETF) by January 2024.…
Grayscale is actively engaging with the Securities and Exchange Commission on Bitcoin ETF – Michael Sonnenshein
Grayscale CEO, Michael Sonnenshein, is optimistic about the future of the company’s proposed bitcoin exchange-traded fund (ETF) following a federal court ruling in their favor. This significant development could potentially lead to the debut of Grayscale’s spot bitcoin ETF in…
SEC in Discussions with Grayscale Investments over Bitcoin ETF Conversion
In a significant development for the cryptocurrency market, the United States Securities and Exchange Commission (SEC) has reportedly initiated discussions with Grayscale Investments regarding the conversion of Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin exchange-traded fund (ETF). This move…
MicroStrategy’s Saylor Shares Insights on Bankman-Fried and the Bitcoin ETF
In a groundbreaking verdict reported by Bloomberg Television, Sam Bankman Freed, the renowned figure behind FTX, has been found guilty on seven counts of fraud. This ruling has sent shockwaves through the crypto industry, leaving many with questions about what…