Spot Bitcoin exchange-traded funds (ETF) could have faced an unfavorable outcome if not for the Grayscale appeal last year, according to SEC Commissioner Hester ‘Crypto Mom’ Peirce. In a statement on Jan.10, Peirce outlined that issuers have been trying to get a spot Bitcoin ETF approved for over a decade. This process could have been […]
In a recent development, a dissenting commissioner from the U.S. Securities and Exchange Commission (SEC) has clarified that the agency has approved spot Bitcoin Exchange-Traded Products (ETPs), not Exchange-Traded Funds (ETFs). This clarification comes amid potential confusion among investors regarding the nature of the recently approved Bitcoin products.The SEC commissioner’s statement is significant as it […]
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
In a significant shift in cryptocurrency trading, the Securities and Exchange Commission (SEC) has approved the trading and listing of shares of spot Bitcoin exchange-traded products (ETPs). The SEC chairman, Gary Gensler, emphasized the Commission’s neutrality in this decision, which is based on the assessment of consistency with the Exchange Act and applicable regulations. However, […]
Spot Bitcoin BTC is currently valued at $47,435. According to James Seyffart, a Bloomberg ETF analyst, exchange-traded funds (ETFs) are set to begin trading on Jan. 11, following the SEC’s approval of 11 spot Bitcoin ETFs. Seyffart has indicated that several S-1 prospectuses are “going effective,” which means that spot Bitcoin ETFs could start trading […]
Celsius, the once prominent crypto staking, lending, and exchange platform, has taken a bold stance against former clients who withdrew their funds before the company could freeze them. The company, which has now shifted its focus to Bitcoin mining following the approval of its bankruptcy plan, was the first major player in the crypto industry […]
United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, has made it clear that despite the recent approval of 11 spot Bitcoin exchange-traded funds (ETFs), his agency does not endorse Bitcoin. This statement was made on January 10, shortly after the historic approvals.Gensler emphasized the SEC’s skeptical view of the cryptocurrency, highlighting Bitcoin’s “speculative” […]
The U.S. Securities and Exchange Commission (SEC) has approved the long-awaited spot Bitcoin ETF, marking a significant shift in the future of Bitcoin in the US financial market. This announcement comes after weeks of speculation and leaks. Gary Gensler, chairman of the SEC, confirmed the approval, stating that despite the rejection of over 20 similar […]
Bitcoin’s momentum as a payment method is dwindling due to its inefficiency, according to Bank of England (BOE) governor Andrew Bailey. In a recent meeting with the United Kingdom Parliament Treasury Committee, Bailey reiterated his belief that unbacked cryptocurrency lacks intrinsic value.“My own sense is that it’s not taking off as what I might call […]
