The financial sector is filled with anticipation as key players in the Bitcoin ETF saga are in the final stages of the Securities and Exchange Commission’s (SEC) rigorous review process. January 11th is a significant date, marking the potential announcement of the regulatory body’s decision on these highly sought-after financial instruments.Despite the rumors of impending […]
As the potential approval of the first spot Bitcoin ETFs in the US by the Securities and Exchange Commission builds anticipation, the term “XRP ETF” is trending on X (formerly Twitter). Many XRP community members have posted supposed evidence that a US ETF is imminent. However, a closer look reveals a more complex reality.Good Morning […]
A potentially historic week for Bitcoin is about to commence, with the possible approval of spot Bitcoin exchange-traded funds (ETF). Issuers are expected to finalize their S-1 amendments on Monday. Asset managers are anticipated to amend their spot Bitcoin ETF filings by 8:00 am ET, or 01:00 pm UTC, on Jan. 8. This follows the […]
In a significant development, Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account, thereby establishing it as legal tender within the region. This move comes less than two years after the zone first incorporated the cryptocurrency into its economic framework. The decision allows Bitcoin to serve as […]
BlackRock, the world’s largest asset manager, is anticipating the approval of its spot Bitcoin ETF application by the United States Securities and Exchange Commission (SEC) as early as Wednesday. This comes as the SEC, stock exchanges, and investment management firms convened on Friday to discuss last-minute wording changes on ETF filings.BlackRock is not alone in […]
Despite recent business challenges, UBS is planning to expand its wealth management and fund business in China. The future of the onshore securities business remains uncertain.“China is a key strategic market and a place where we want to do more,” said Eugene Qian, UBS’s China Country Head, in an interview with Bloomberg TV. “In particular, […]
The crypto world is on the edge of a potentially historic week, with the United States Securities and Exchange Commission (SEC) expected to approve a spot Bitcoin ETF by Wednesday, January 10. Analysts James Seyffart and Eric Balchunas from Bloomberg have predicted a 90% likelihood of this pivotal decision, highlighting the progressive approach of the […]
Digital Currency Group (DCG) has successfully settled all its short-term loans to Genesis, a crypto lending platform. In a recent announcement, DCG revealed that it repaid a $700 million loan to the crypto broker. The company also stated that it is now current with its financial obligations, having paid over $1 billion to creditors in […]
Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a dip on Sunday evening. This was largely due to market anxiety over the potential approval or denial of the United States’ first spot Bitcoin exchange-traded fund (ETF). Bitcoin, Ethereum, and Dogecoin saw decreases of -0.63%, -1.69%, and -3.36% respectively.Senior Bloomberg ETF analyst Eric Balchunas expects most […]
The United States Securities and Exchange Commission (SEC) has reiterated its cautionary stance on FOMO crypto investing, just days before the expected approval of spot Bitcoin exchange-traded funds. The SEC’s Office of Investor Education posted a warning on X (formerly Twitter) on January 6, highlighting the risks associated with digital assets such as meme stocks, […]
