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Grayscale CEO confirms to bring down fees for Bitcoin ETF
20.3.2024
Grayscale currently has a management fee of 1.5%. That is higher than what its competitors are charging. BlackRock and Fidelity charge a lower fee and intend to capture most of the market share. However, there could be a change in the tide, for the Chief Executive Officer of Grayscale has confirmed...
Bitcoin Spot ETFs Lose $326 Million In Largest Daily Outflow Since Launch
20.3.2024
Bitcoin spot ETFs in the United States are showing signs of waning momentum after Tuesday marked their largest daily net outflow since launch.
The post Bitcoin Spot ETFs Lose $326 Million In Largest Daily Outflow Since Launch appeared first on Cryptonews
What’s Next for Crypto?
20.3.2024
The approval of Bitcoin ETFs in January was a catalyzing event for crypto, says Gregory Mall, head of investment solutions at AMINA bank. How will the upcoming halving affect markets going forward and which projects are likely to win out over the long-term?
PS5 Pro May Not Run GTA 6 At 60 Frames Per Second
20.3.2024
Details about the PS5 Pro keep leaking all over the place, with us recently learning that it’s likely targeting a holiday 2024 release window and that it will apparently feature “PlayStation Spectral Super Resolution,” whatever that is. While headlines are suggesting this is “the most powerful...
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
20.3.2024
The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150...
SEC holds Ethereum ETF approval until May despite staking additions
20.3.2024
The US SEC delayed the approval procedures of Ethereum exchange-traded funds (ETFs), affecting the approaches of investment firms, including Ark Invest, Hashdex, VanEck, and Grayscale, adding a staking component to the applications of the ETH ETF along with Fidelity. Both James Seyffart and Eric...
Grayscale’s Bitcoin ETF sees record outflow amid BTC dip
20.3.2024
According to official statistics released on Monday, Grayscale’s Bitcoin Trust witnessed its most significant daily outflow since converting to a spot exchange-traded fund (ETF) in January of this year. This suggests a discernible shift in the sentiments of investors regarding the fund....
Understanding the Differences Between a Bitcoin ETF and a Bitcoin IRA – Chris Kline
20.3.2024
BitcoinIRA is on a mission to help Americans retire. In 2016, the founders had a vision that changed the American retirement landscape forever. BitcoinIRA brought the first cryptocurrency IRA to the world and has been the market leader since igniting the industry. Chris Kline is the co-founder...
British Virgin Islands Sets Sights on Becoming Global Hub for Digital Assets
20.3.2024
The British Virgin Islands (BVI) is aiming to become a major hub for digital asset activities. To achieve this, the territory is working to execute rules and systems that would enable participation in the expanding digital asset market.
The post British Virgin Islands Sets Sights on Becoming Global...
Russia Introduces Bill to Apply Money Laundering Controls to Digital Ruble Transactions
20.3.2024
A group of lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal, spearheaded by the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, establishes different responsibilities for platform participants...
GBTC Bleeds Another $443 Million as Bitcoin Price Drops Below $61,000
20.3.2024
Bitcoin experienced a significant price collapse amid continued outflows from Grayscale's converted GBTC spot Bitcoin ETF.
The post GBTC Bleeds Another $443 Million as Bitcoin Price Drops Below $61,000 appeared first on Cryptonews
SEC Delays Decision on Ethereum ETFs from Hashdex and ARK 21Shares
20.3.2024
Regulatory uncertainty persists as the U.S. SEC pushes back the decision date for Hashdex and ARK 21Shares' spot Ethereum ETF applications, aiming for comprehensive review.
The post SEC Delays Decision on Ethereum ETFs from Hashdex and ARK 21Shares appeared first on Cryptonews
Paradigm Supports Coinbase’s Case Against the SEC, Files Amicus Curiae Brief
19.3.2024
Paradigm has filed an amicus curiae brief supporting Coinbase in its legal battle against the SEC. The crypto investment firm argues that the SEC's refusal to provide clear regulatory guidance for digital assets is hindering compliance efforts and pushing businesses overseas. Coinbase's case...
Ether ETFs Likely Won't Get Approved in May, Bloomberg Analyst Predicts
19.3.2024
Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who cited U.S. regulators' seeming lack of engagement with potential issuers over the products
CoinShares Report: Investors Remain Bullish on Bitcoin Despite Market Downturn
19.3.2024
A report by CoinShares on the performance of Bitcoin investment products sheds new light on how the recently launched spot Bitcoin ETFs, together with bullish investment, have helped the products post all-time high inflows last week. Published yesterday, the digital asset manager’s findings...
GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days
19.3.2024
According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s...
Spot Bitcoin ETFs Are Just the Beginning for Wall Street
19.3.2024
Fidelity Incorporates Staking in Spot Ethereum ETF Offering to Boost Fund’s Income
19.3.2024
On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of...
Galaxy Digital to Introduce Exchange-Traded Products in Europe in 'Matter of Weeks'
19.3.2024
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts
BRLA Digital a game changer in cross-border payments
19.3.2024
BRLA Digital is becoming a game changer in cross-border payments and cryptocurrency framework through its inventive services. The BRLA Token is a stablecoin attached to the Brazilian Real (BRL) at the core of its ecosystem. It was created to initiate effortless and low-cost transactions and provide...