Larry Fink, the CEO of BlackRock, has shown a strong interest in Ethereum-based Exchange Traded Funds (ETFs), indicating a potential strategic shift towards the adoption of blockchain technology. In a recent interview with CNBC, Fink stated, “I see value in having an Ethereum ETF. As I’ve said, these are just ‘stepping stones’ towards tokenization. And […]
Larry Fink, the CEO of BlackRock, has shown a strong interest in Ethereum-based Exchange Traded Funds (ETFs), indicating a potential strategic shift towards the adoption of blockchain technology. In a recent interview with CNBC, Fink stated, “I see value in having an Ethereum ETF. As I’ve said, these are just ‘stepping stones’ towards tokenization. And […]
Larry Fink, the CEO of BlackRock, has compared Bitcoin to gold, following the launch of spot Bitcoin ETFs. Despite this, he predicts a limited future for cryptocurrencies as a form of currency. In a discussion with CNBC about digital assets, ETFs, and tokenization, Fink revealed that BlackRock, the world’s largest asset manager, sees potential in […]
Elon Musk, a prominent supporter of Dogecoin (DOGE), has revealed that he still holds a significant amount of the cryptocurrency. His past tweets have been known to influence the value of Dogecoin, at times making it the most popular crypto token in the US, surpassing Bitcoin. Despite this, his recent statement did not significantly affect […]
CoinShares, a leading European crypto asset manager, has made a significant stride into the U.S. market by acquiring the exchange-traded fund (ETF) unit of Valkyrie Investments, a Nashville-based company. This strategic move follows the recent approval of spot bitcoin ETFs by the Securities and Exchange Commission (SEC), including Valkyrie’s Bitcoin Fund (BRRR), which debuted on […]
In a significant move, Grayscale has transferred $200 million worth of Bitcoin to Coinbase Prime. This action has sparked speculation about potential ETF redemption activity. The transfer comes as Bitcoin ETFs witness an inflow of $720 million.The adjustment of Grayscale’s holdings via the Coinbase transfer has been a notable event in the cryptocurrency market. This […]
Cryptocurrency firm Genesis Global Trading has reached a settlement with the New York Department of Financial Services (NYDFS), resulting in the company relinquishing its operational rights in the state.As per an announcement made on January 12, Genesis has agreed to pay a hefty fine of $8 million to the NYDFS. In addition to this, the […]
BlackRock CEO Larry Fink has expressed optimism about the company’s plan to launch a spot Ethereum ETF in the United States. This comes after the successful debut of the company’s new spot Bitcoin ETF product, IBIT. Fink sees value in the move, stating that these are stepping stones towards tokenization.On Thursday, the trading volume of […]
Bitcoin miner Hut 8 has successfully expanded its borrowing capacity with Coinbase, a United States-based cryptocurrency exchange, to $65 million. This comes as a result of an additional $15 million secured from a Coinbase subsidiary, as stated on January 12. This new deal is an amendment and restatement of Hut 8’s previous $50 million credit […]
European cryptocurrency investment firm CoinShares is moving forward with a potential acquisition of its United States competitor, Valkyrie Funds. Valkyrie is an issuer of a spot Bitcoin exchange-traded fund (ETF) in the U.S. CoinShares confirmed on Jan. 12 its strategic option to acquire Valkyrie, a move that bolsters its efforts to penetrate the U.S. market.A […]
