The U.S. Securities and Exchange Commission (SEC) has finally given the green light for the first spot on bitcoin ETFs, an event many within the crypto industry have long hoped would occur. However, according to JPMorgan, multinational financial services, the market reaction has been subdued as investors are better aware of inflows going into these new […]
Bitcoin’s rise has Morgan Stanley’s head of digital assets, Andrew Peel, warning of a potential seismic shift with far-reaching implications for the U.S. dollar’s global dominance. In a note dated Jan 12, Peel expressed concern about a potential “paradigm shift” in the perception and use of digital assets, such as Bitcoin, currently valued at $42,760. […]
Crypto trader Ash Crypto is optimistic about Bitcoin’s future, projecting a surge to $500,000 with the recent approval of spot Bitcoin exchange-traded funds (ETFs). According to Ash Crypto, comparing BTC to gold, the precious metal’s market cap soared from $2 trillion to $16 trillion in just a few years after the approval of gold ETFs. […]
The U.S. Securities and Exchange Commission (SEC) finally green-lit the launch of the first regulated spot Bitcoin exchange-traded funds (ETFs). This was following the false announcement placed on the official Twitter account of the SEC, causing only temporary havoc in the markets. According to an official SEC press release dated January 10th, the Commission has […]
The United States crypto market recently witnessed widespread jubilation following the long-anticipated spot Bitcoin Exchange-Traded Funds (ETFs) approval. However, the elation was not universal, as dissenting voices, including SEC Commissioner Caroline Crenshaw, raised critical concerns. On Jan 10, Commissioner Crenshaw, one of two commissioners voting against the approval, issued a statement expressing her reservations. She […]
The bank made the forecast based on its expectation that spot Bitcoin ETFs could see inflows between $50-100 billion next year. Multinational bank Standard Chartered forecasts that Bitcoin (BTC) could reach nearly $200,000 by the end of next year should Bitcoin exchange-traded funds gain approval and prove successful in the United States. On this basis, […]
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. […]
The United States Securities and Exchange Commission (SEC) reissues a warning that highlights the risks attached to FOMO (Fear of Missing Out) crypto investing due to growing anticipation around the potential approval of spot Bitcoin exchange-traded funds (ETFs). In a January 6 post on X (formerly Twitter), the SEC’s Office of Investor Education again cautioned […]
Crypto analyst Rekt Capital is sounding the alarm for an Ethereum-based altcoin, Chainlink (LINK), suggesting a possible nosedive after breaching a crucial level. With a follower base 384800 on the social media platform X (Twitter), Rekt Capital observes that LINK has fallen below the diagonal support in an ascending channel chart pattern. The analyst highlights […]