Bitcoin investors are strategically positioning themselves in anticipation of the SEC’s decision on the first-ever spot Bitcoin ETF, according to on-chain metrics. The recent surge in Bitcoin’s value indicates the high stakes associated with this decision. After weeks of stagnation, Bitcoin is breaking free, and on-chain data reveals a pattern of cautious optimism.Exchange wallets are […]
Reggie Browne, co-Global Head of ETF Trading and Sales at GTS, has raised the possibility of Bitcoin spot Exchange-Traded Funds (ETFs) trading at a premium due to the current regulatory frameworks that allow U.S. institutions to manage cryptocurrencies. Browne anticipates that this could result in substantial costs for investors, potentially around 8%, due to the […]
Thomas DiNapoli, the Comptroller of New York State, has voiced his concerns over the administration of BitLicense at the New York Department of Financial Services (NYDFS). In a January report, DiNapoli only gave a “limited assurance” that the NYDFS is fulfilling its supervisory duties regarding BitLicense, a program that regulates digital currency licensing in the […]
All applicants for the proposed spot Bitcoin exchange-traded funds (ETFs) have submitted their final amended S-1 applications to the US Securities and Exchange Commission (SEC). This includes eleven asset management firms such as BlackRock, Grayscale, ArkInvest, Fidelity, Franklin, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTree, and Invesco Galaxy.Valkyrie was one of the first companies to submit its […]
Bitcoin has been in the spotlight due to the anticipation of a spot ETF, with the digital currency trading at its highest level since April 2022. However, Bloomberg’s Mike McGlone predicts a market correction is imminent, regardless of whether the SEC approves the ETF or not. He believes that Bitcoin, like other risky assets, will […]
The Blockchain Association, a leading nonprofit organization advocating for the digital asset economy, has responded to Senator Elizabeth Warren’s concerns about government-related hires in the crypto industry. Kristin Smith, the CEO of the Blockchain Association, penned an open letter to Sen. Warren on January 9, inviting her to work together on issues such as the […]
April 2024 is set to be a critical month for Ripple and its digital currency, XRP, as they face significant legal battles with the SEC and Zakinov. These legal proceedings are expected to shape the future of Ripple and XRP, highlighting the challenges within the cryptocurrency landscape.Ripple enthusiasts are keenly watching the evolution of the […]
Blackrock has responded to the SEC’s comments by making two minor updates to its S1 filing. This follows the SEC’s response to several applicants for a Bitcoin ETF, which included additional comments. The amendments were submitted on the morning of January 9.The changes made to the document are minor, suggesting that this could be the […]
Cryptocurrency wallet firm imToken has been included on the Investor Alert List (IAL) by the Monetary Authority of Singapore (MAS). The IAL is used to caution investors about potentially dubious platforms. In response, imToken announced on X (formerly Twitter) that it was blacklisted in Singapore due to its headquarters being located there, despite not having […]
SEC Chair Gary Gensler has issued a stark warning about investing in volatile crypto assets, offering investors a few tips and “a few things to keep in mind.” The remarks from Gensler come as the broader markets wait for the Securities and Exchange Commission’s decision about the spot Bitcoin ETF applications.Gensler posted the warnings on […]
