Despite the recent approval of several spot Bitcoin ETFs, the launch of a spot Ripple exchange-traded fund (ETF) this year is unlikely, according to Bloomberg’s ETF analyst James Seyffart. In an interview with Thinking Crypto, Seyffart expressed his views on the potential arrival of a spot Ripple ETF in 2024, citing regulatory challenges as the […]
BlackRock CEO Larry Fink has expressed optimism about the company’s plan to launch a spot Ethereum ETF in the United States. This comes after the successful debut of the company’s new spot Bitcoin ETF product, IBIT. Fink sees value in the move, stating that these are stepping stones towards tokenization.On Thursday, the trading volume of […]
The Financial Services Commission (FSC), South Korea’s main financial regulator, has issued a warning to local firms about brokering spot Bitcoin exchange-traded funds (ETFs) from the United States. The FSC’s statement, released on January 12, highlighted that such activities could potentially contravene the government’s current position on virtual assets and the Capital Markets Act.Despite this, […]
Senator Elizabeth Warren, a member of the Senate Banking Committee, has publicly criticized the Securities and Exchange Commission (SEC) for its recent approval of 11 spot Bitcoin exchange-traded funds (ETFs). Warren argues that the SEC’s decision is flawed both legally and policy-wise, and she emphasizes the urgent need for basic anti-money laundering (AML) rules in […]
ARK Invest CEO Cathie Wood has recently updated her Bitcoin price predictions, presenting a bullish scenario of $1.5 million, a significant increase from her previous estimate of $1 million. This optimistic forecast comes following the approval of spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC) in the United States.ARK Invest, one […]
In the world of digital assets, a series of groups have co-opted the revolution, turning the industry into a minefield for both new and experienced market players. These groups range from BitMEX to Binance, Bitcoin.com, Blockstream, ShapeShift, Coinbase, Ripple, Ethereum, FTX, and Tether.Grayscale, however, has managed to stay afloat amidst the chaos. Despite its high […]
South Korea’s Financial Services Commission (FSC) has issued a warning to domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs), stating that such activities may be in violation of local laws. The notice, issued on January 12, 2024, highlights potential breaches of the Virtual Asset User Protection Act and the Capital Markets Act.The FSC […]
The U.S. Securities and Exchange Commission (SEC) has filed a motion to compel Ripple Labs to produce financial statements for the years 2022-2023 and post-complaint contracts governing institutional sales of XRP. This move has reignited interest in the ongoing SEC vs. Ripple case among XRP investors. The SEC’s request is part of the remedies-related discovery […]
Do Kwon, the former CEO of Terra, has formally requested a delay in his trial in the United States through a letter to Judge Jed S. Rakoff. The trial, which is in response to charges brought by the US Securities and Exchange Commission (SEC), is potentially facing a delay due to slower extradition proceedings from […]
Bitcoin ETFs experienced a rocky start after their approval by the U.S. Securities and Exchange Commission (SEC), launching on the U.S. market with price setbacks. Despite official approval, trading is not open to all investors.Last Wednesday, for the first time in the United States, the SEC approved investors to actively trade the new Bitcoin Spot […]
