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Hong Kong Financial Services Firm Unveils Plans to Launch Region’s Premier Spot Bitcoin ETF
19.1.2024
Source: AdobeStock Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF). JUST IN: HONG KONG'S VSFG PLANS TO LAUNCH SPOT #BITCOIN ETF IN...
Bitcoin Technical Analysis: Navigating BTC’s Ups and Downs as Price Teeters Above $41K
19.1.2024
On Thursday, bitcoin experienced a decline, reaching a low of $40,600, and has since been hovering slightly above the $41,000 mark. The cryptocurrency world is abuzz with speculation about the duration of this downturn, especially as the excitement surrounding the spot bitcoin exchange-traded fund...
COTI announces Ethereum Ecosystem Growth Fund to drive privacy
19.1.2024
The COTI Foundation has announced an Ecosystem Growth Fund with a hefty contribution of 400 million COTI tokens. The fund, with an estimated value of $25 million, will provide financial assistance to initiatives that promote the development and effectiveness of the COTI ecosystem. COTI has long...
Cathie Wood’s Ark Invest Buys Another $15M of its Spot Bitcoin ETF Shares
19.1.2024
Cathie Wood’s Ark Invest has continued to buy its own ARK 21Shares spot Bitcoin exchange-traded fund (ETF) worth $15 million. Cathie Wood and Ark Invest's trade activity from today 1/18 pic.twitter.com/zFT4XXbstM — Ark Invest Daily (@ArkkDaily) January 19, 2024 According to Ark Invest...
South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval
19.1.2024
South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF). According to reports from Maeil Business, the suggestion for reevaluating the spot Bitcoin ETF comes from Sung Tae-yoon, the Chief of Staff for Policy...
SEC Postpones Decision on Fidelity’s Spot Ethereum ETF
19.1.2024
The United States Securities and Exchange Commission (SEC) has postponed its ruling on Fidelity’s spot Ethereum exchange-traded fund until March 5th, a new court filing reveals. “Completely expected” “The Commission finds it appropriate to designate a longer period within which to take action...
Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF
19.1.2024
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood, has made several trades based around bitcoin...
Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition
18.1.2024
Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09...
BlackRock’s New Bitcoin ETF Secures 25K BTC Holdings – Is Institutional FOMO Underway?
18.1.2024
BlackRock’s Bitcoin ETF launch has attracted both crypto experts and traditional investors, securing major holdings in its first week. Image by Luisa, Adobe Stock. BlackRock’s new spot Bitcoin ETF IBIT has attracted considerable interest from both retail and institutional investors...
In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana’s Advances
18.1.2024
Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm’s U.S. X account now sports a modified logo featuring...
Crypto for Advisors: The Regulators are Here
18.1.2024
As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals
Blackrock’s Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdings
18.1.2024
In a recent interview, Rachel Aguirre, the head of product for Blackrock’s Ishares U.S., delved into the substantial inflows witnessed by the firm’s new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre highlighted that the IBIT ETF has attracted a diverse group...
Grayscale Bitcoin ETF Liquidity Partner Flowdesk Raises $50 Million in Series B
18.1.2024
French crypto financial services firm Flowdesk has successfully raised $50 million in a Series B funding round led by Cathay Innovation. The funding round includes participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple, as per a statement shared with Cryptonews....
Egyptian Fintech Startup Zeal Secures $4 Million to Fund Expansion to New Markets
18.1.2024
The Egyptian fintech startup has revealed that it recently raised $4 million in funding via a round led by venture capital firms Raed Ventures and Cur8 Capital. CEO said the firm’s capital raise is expected to help Zeal accelerate its journey “towards utilizing AI to revolutionize...
‘$3.5m Nursing Care Fund Crypto Thief’ Extradited to South Korea
18.1.2024
Source: S…/Adobe South Korean law enforcers have extradited a man suspected of stealing $3.5 million from a nursing care fund to buy cryptoassets before fleeing abroad. The man, surnamed Choi (aged 46), is a former National Health Insurance Corporation middle manager. He was arrested in...
Revealed: Key Recommendations from US GAO to SEC on Spot Bitcoin ETF
17.1.2024
Source: AdobeStock The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape. While the market sentiment has been predominantly positive, a recent revelation shows that the US Government Accountability Office (GAO) had a...
Bitcoin and Ethereum to Lead Altcoins Higher in 2024
17.1.2024
The rise of bitcoin and ethereum, and more favorable macro conditions, could be good news for altcoins this year, says Todd Groth, head of research at CoinDesk Indices
Why 2024 Will Be Bitcoin's Year
17.1.2024
ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X
$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
17.1.2024
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar...
Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
17.1.2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering...