The high price of a single Bitcoin, currently valued at $43,973, is discouraging potential investors who are reluctant to purchase only a fraction of the cryptocurrency. This is due to unit bias psychology, which favors owning complete units, as explained by VanEck advisor Gabor Gurbacs. He proposes that Bitcoin exchange-traded funds (ETFs) could be a […]
Better Markets, a non-profit, non-partisan organization, has taken a firm stance against Bitcoin Exchange Traded Funds (ETFs). The organization, known for advocating strict financial regulations, has sent a letter to the Securities and Exchange Commission (SEC) expressing their concerns about the potential risks these financial products could pose to U.S. investors and retirees.Dennis M. Kelleher, […]
The U.S. Securities and Exchange Commission (SEC) is reportedly on the brink of approving the first cash Bitcoin Exchange-Traded Funds (ETFs), according to Eric Balchunas, a senior ETF analyst at Bloomberg. Balchunas has revealed that the SEC is currently providing final comments to issuers on their applications, with many applicants such as Fidelity, BlackRock, and […]
The U.S. Securities and Exchange Commission (SEC) is reportedly on the brink of approving the first cash Bitcoin Exchange-Traded Funds (ETFs), according to Eric Balchunas, a senior ETF analyst at Bloomberg. This development could potentially trigger a significant surge in the cryptocurrency market, with Bitcoin leading the charge.As Balchunas reveals, the SEC is currently providing […]
The crypto market is currently on edge as investors and analysts speculate about the future of cash Bitcoin ETFs in the U.S. The potential approval by the SEC could mark a new chapter in the history of cryptocurrencies, presenting new opportunities and challenges.According to Eric Balchunas, a senior ETF analyst at Bloomberg, we are closer […]
A court hearing has been scheduled for January 11 in the ongoing legal dispute between Ripple and a group of XRP investors. The case, led by Vladi Zakinov, accuses Ripple of selling XRP as an unregistered security. The outcome of this case could set a significant precedent for the crypto industry and potentially lead to […]
The final preparations for the launch of a spot Bitcoin exchange-traded fund (ETF) on Wall Street are underway, with asset managers expected to submit their final revisions by the morning of Jan. 8, says Bloomberg analyst Eric Balchunas. These revisions, to be submitted through S-1 filings no later than 8:00 a.m. Eastern Time, or 13:00 […]
Celsius Network, a crypto firm that filed for Chapter 11 bankruptcy protection in the United States during the winter of 2022, is nearing the end of its restructuring plan. The company, which had lent out over $8 billion and had around 1.7 million customers at the time of its bankruptcy, sent shockwaves through the cryptocurrency […]
In a significant development in the crypto market, Grayscale, a leading player in crypto-based OTC investment products, has made strategic changes to its portfolio. The return of XRP to the limelight is causing a stir in the market. In the latest quarter, Grayscale Digital Large Cap Fund has added $AVAX and $XRP, while $MATIC has […]
Just 39% of financial advisors believe that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin ETF this year, according to a recent survey. This skepticism is largely due to the SEC’s historically cautious approach to cryptocurrency-related matters.The survey, conducted by Bitwise and VettaFi, revealed a pessimistic outlook among financial advisors regarding […]
