ARK Invest, the renowned investment firm led by Cathie Wood, sold a further $20.6 million worth of Coinbase (COIN) shares on Jan. 5 across three of its exchange-traded funds (ETFs). The company offloaded a total of 133,823 COIN shares, which closed last week at $153.98. On Jan. 8, ARK Invest shared its trades for Jan. […]
Prominent crypto critic and economist Peter Schiff has cautioned against the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, suggesting it could lead to a catastrophic impact on the price of BTC. In a tweet on X (formerly Twitter), Schiff said the promise of a US-listed spot Bitcoin ETF has […]
United States-approved spot Bitcoin exchange-traded funds (ETFs) could eclipse the entire cryptocurrency exchange-traded product (ETP) market. According to new data from BitMEX research, the existing global market for crypto ETPs includes about 150 products totaling $50.3 billion in assets under management. The list includes spot and futures funds that typically track the performance of leading […]
Ethereum, the second-largest cryptocurrency by market capitalization, faces ongoing scrutiny from the U.S. Securities and Exchange Commission (SEC) as it extends the evaluation period for several Ether exchange-traded funds (ETFs) until May 2024. Among the impacted ETFs are the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF, designed to […]
Applicants for a spot Bitcoin exchange-traded fund (ETF) have just a few days to make final changes to their filings to meet a looming deadline set by the US Securities and Exchange Commission (SEC). The regulator has set a deadline for spot BTC ETF applicants to file final S-1 amendments by December. 29, Reuters reported […]
The United States Securities and Exchange Commission (SEC) has postponed its decisions on several proposed Ethereum-focused exchange-traded funds (ETFs). The SEC said on Monday it was “instituting proceedings” for the Grayscale Ethereum Futures Trust and the Hashdex Nasdaq Ethereum ETF. The regulator has called for comments regarding these ETFs to gauge public sentiment and acquire […]
The crypto community eagerly awaits the possible approval of a Bitcoin exchange-traded fund (ETF) in the US. However, some analysts warned that this could potentially trigger undesirable consequences for leading exchanges like Coinbase. Experts said the approval of the Bitcoin ETF and the upcoming BTC halving in April 2024 could really shake up the crypto […]
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 […]
On Nov. 12, the Bitcoin mining community recorded its annual all-time high (ATH), earning more than $44 million in block rewards and transaction fees. This achievement indicates the recovery and resilience of the mining sector, which has experienced many challenges in the past months. Bitcoin miners generate most of their revenue from rewards for confirming […]