U.S. Securities and Exchange Commission folks met with Grayscale on November 20. The aim? Grayscale wants to put a Bitcoin ETF on the list. BlackRock and Nasdaq teams also talked with the U.S. Securities and Exchange Commission. What about? A new rule. It allows for a Bitcoin exchange-traded fund, or ETF, to be listed on […]
Well-known crypto expert DonAlt has suggested an interesting theory. He predicts Bitcoin may skyrocket, pushing BTC/USD towards the powerful $60,000 mark. Always a strong Bitcoin advocate, DonAlt sees the currency making a “lightning” move. This could happen if and when a spot-based Bitcoin exchange-traded fund (ETF) gets the go-ahead. This idea has emerged amid a […]
Bitcoin has once again surged to a staggering $35,000, triggering a wave of renewed optimism among investors and market enthusiasts. The latest data from Santiment reveals that Bitcoin has clawed its way to a new 17-month high, marking a significant milestone for the cryptocurrency. 🥳 #Bitcoin scratched its way to a new 17-month high again today. […]
In a bold prediction, Mike Novogratz, the CEO and founder of Galaxy Digital, anticipates that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) within the year. Novogratz’s optimism stems from the changing tide in the SEC’s stance towards crypto ETFs. During an interview on CNBC Market Alert, […]
On Monday, the cryptocurrency market experienced significant turbulence as Bitcoin surged before relinquishing most of its gains. The volatility was triggered by conflicting reports regarding approving a Bitcoin exchange-traded fund (ETF) filed by major asset manager BlackRock. The Rollercoaster Ride of Bitcoin’s Price Bitcoin, known for its price swings, initially rose by 10% to $29,900, […]
JPMorgan, a prominent U.S. banking giant, recently introduced its blockchain-based tokenization application called the Tokenized Collateral Network (TCN), as reported by Bloomberg on October 11. The Tokenized Collateral Network enables the conversion of traditional assets into digital assets. It also makes way for faster and more secure on-chain settlements. Notably, TCN completed its first trade […]
A potential BlackRock Bitcoin ETF is the subject of speculation in a new CNBC report. It suggests that if approved by the SEC, this ETF has the potential to become the most dominant in the market. More than ten financial giants are considering filing to launch a Bitcoin ETF. However, an analyst, suggests that BlackRock’s […]
Data from CompaniesMarketCap shows that 16 publicly traded Bitcoin mining firms have experienced a loss of over $4.47 billion in the last 12 months (TTM). The Bitcoin mining industry faces many hurdles as BTC continues to experience a bear market. The leading cryptocurrency has seen its value fall from a one-time high of $69,000 to […]
Bitcoin, the largest cryptocurrency in the world based on market capitalization, has attracted significant interest from financial institutions. These institutions are now preparing to introduce exchange-traded funds (ETFs) that track and reflect its value. ETF analyst James Seyffart tweeted several significant dates regarding the race for approval. These include deadlines for ARK 21Shares Bitcoin ETF, […]