There is speculation in the market that XRP may receive approval for an exchange-traded fund (ETF) similar to Bitcoin’s recent approval, but regulatory hurdles and the ongoing SEC case against Ripple make an XRP ETF unlikely in the near future. A job advertisement by Ripple for a Senior Manager in business Development suggests potential involvement … Read more
Bitcoin Price (BTC) Regains $41K in End of Week Rally ARK Invest has sold over 2.2 million shares of the ProShares Bitcoin Trust ETF and bought 1.5 million shares of the ARK 21 Shares Bitcoin ETF. They sold the ProShares Bitcoin Trust ETF as part of a short-term play strategy and in anticipation of the … Read more
dYdX Beats Uniswap, Bitcoin Outlook Dour Analysts at Coinbase predict that Ether (ETH) could see significant growth in 2024, driven by hopes of a spot ETH ETF listing. Following the recent approval of bitcoin ETFs in the U.S., ETH reached its highest price since May 2022. Firms like BlackRock and VanEck, who were behind BTC … Read more
Bitwise Asset Management, the largest crypto index fund manager in America, has announced the launch of the Bitwise Bitcoin ETF (BITB), which will begin trading on January 11th. This new ETF will join Bitwise’s suite of 18 crypto investment products and will trade on the NYSE Arca under the ticker BITB. The management fee will … Read more
SEC Mishap Triggers $220 Million In Crypto Liquidations A fake tweet from the SEC’s hacked Twitter account claiming approval of Spot Bitcoin ETFs triggered a surge in prices followed by a crash, leading to $220 million in liquidations and losses for 70,000 traders. Long traders suffered the most, with $133.5 million in liquidations compared to … Read more
Valkyrie Bitcoin ETF Gears Up For Wednesday Launch; CIO Foresees Massive $4-5B Inflows Valkyrie Investments co-founder and CIO Steven McClurg is optimistic about the potential approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) by January 10th. The company plans to launch its spot Bitcoin ETF, named Valkyrie Bitcoin Fund, with the … Read more
Imminent Approval of U.S. Bitcoin ETF Boosts Crypto Market Optimism The SEC has requested that issuers make their authorized participant agreements available, which outlines the role of creating and redeeming ETF shares. This role will be particularly challenging for bitcoin ETF authorized participants, requiring knowledge of digital assets, safekeeping and custody, due diligence for anti-money-laundering … Read more
Top 5 Events That Shook Up The Crypto Industry In 2023 In 2023, the crypto industry experienced significant events, including Blackrock’s application for a Spot Bitcoin ETF, founder Sam Bankman-Fried’s fraud conviction, CZ’s resignation from Binance, the XRP ruling in the SEC case, and Grayscale and Coinbase’s legal battles with the SEC. These events had … Read more
Approximately $8.2 million worth of ETH has been moved from a wallet address associated with the FTX hacker, marking the first time assets have been transferred out of the wallet since the hack a year ago. The FTX exchange suffered a loss of over $600 million through the hack in November 2022. The hacker transferred … Read more
Grayscale Court Verdict Grayscale, known for its role in facilitating crypto investments and managing digital assets, recently celebrated a court verdict that annulled the SEC’s block on their proposed Bitcoin ETF. Grayscale CEO Michael Sonnenshein expressed his delight at this development, considering it a historic moment that raised hopes for the eventual launch of the … Read more
