BlackRock, the world’s largest asset manager, along with 13 other institutional giants, has received approval from the United States Securities and Exchange Commission (SEC) to launch the first spot Bitcoin exchange-traded funds (ETF) in the United States. The launch took place on January 10, marking BlackRock’s entry into the spot Bitcoin ETF race. This move […]
Swiss banking giant UBS is looking to sell the Chinese securities business of Credit Suisse, but few potential buyers are showing interest. Amid geopolitical tensions and increasing regulatory challenges, international banks in China are facing difficult conditions. UBS, which has been building an investment banking business in China for nearly two decades, is now trying […]
The cryptocurrency landscape is abuzz following the recent approval of 11 spot Bitcoin ETFs on January 10, 2024. This development has sparked anticipation for a likely approval of Ethereum’s spot ETFs later this year. Analysts, including Bloomberg ETF analyst Eric Balchunas, are optimistic about Ethereum’s prospects, estimating a 70% likelihood of approval by May.Bitcoin ETFs […]
The crypto space marked a historic moment with the approval of 11 spot Bitcoin Exchange-Traded Funds (ETFs), a development eagerly anticipated since the Winklevoss twins filed for the first proposed Bitcoin ETF back on July 1, 2013. This event coincides with the 15th anniversary of Hal Finney’s tweet “Running Bitcoin,” marking a symbolic milestone in […]
The United States Securities and Exchange Commission (SEC) recently gave the green light to several fund managers to list spot Bitcoin exchange-traded funds (ETFs). Despite this landmark approval, SEC Commissioner Mark Uyeda expressed “strong concerns” about three aspects of the approval order.Although Uyeda voted in favor of the Bitcoin ETF applications, he criticized the Commission’s […]
The U.S. Securities and Exchange Commission (SEC) has given approval to 11 issuers in the Spot Bitcoin ETF frenzy, with Grayscale Investments, the world’s leading crypto asset manager, taking center stage. Grayscale’s achievement was recognized by Coinbase CEO Brian Armstrong and CLO Paul Grewal, who credited the firm for its significant victory in the ETF […]
The recent approval by the Securities and Exchange Commission (SEC) has sparked a surge in Ethereum and various altcoins, overshadowing the modest gains of Bitcoin. Altcoins such as ETC, Arbitrum, and Mantle have seen increases of 30%, 20%, and 20% respectively, while Bitcoin has only seen a modest increase of $500. Trading and money inflows […]
SEC Commissioner Hester Pierce has lauded the efforts of Grayscale and the U.S. District Court of Appeals in the approval of the Bitcoin spot ETF. This comes after a decade since the first filing, with the SEC finally approving the first Bitcoin spot ETF. However, the chair has clarified that this approval does not equate […]
In a historic move, the US Securities and Exchange Commission (SEC) has approved spot Bitcoin ETFs, marking a significant moment in the financial world. This approval allows investors to directly participate in the cryptocurrency market through exchange-traded funds, providing a more regulated and accessible avenue for BTC investment. The decision has led to a surge […]
The crypto scene is once again taking center stage with a series of developments set to propel the technology into the mainstream. Despite previous concerns over safety and online scams, the landscape is about to undergo a significant transformation.One of the key developments is the approval of the Bitcoin ETF. This allows individuals to transact […]
