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Police Catch South Korea’s ‘$3.5m Nursing Care Fund Crypto Thief’
11.1.2024
Source: papii/Adobe Police in the Philippines have arrested a South Korean man suspected of stealing some $3.5 million from a nursing care fund – and spending the money on crypto. Officers think the 44-year-old man, unnamed for legal reasons, embezzled the money from April 2022 to September 2022....
Fake Bitcoin ETF Approval Tweet Gives Sneak Peek, ETH Price May Spike Before Ethereum ETF Approval
10.1.2024
Yesterday’s fake SEC tweet highlighted the potential impact of future Bitcoin ETF approvals on Ethereum’s price trajectory. Image by akif, Adobe Stock. On Tuesday evening, the official X account of the U.S. Securities and Exchange Commission (SEC) was hacked and posted an unauthorized...
Crypto Whales are Stacking This Under-the-Radar Bitcoin ETF Coin – What Does it Do?
10.1.2024
Bitcoin ETF Token is offering traders early speculative exposure to a potential Bitcoin exchange-traded fund approval still looming as an uncertainty. Image by Michael, Adobe Stock. On Tuesday, the Securities and Exchange Commission’s (SEC) official X account was apparently hacked, with a tweet...
Valkyrie CIO Says Market May See Ripple, Ethereum ETFs Next
10.1.2024
Source: DALL·E Valkyrie Funds Chief Investment Officer Steven McClurg says it wouldn’t be surprising if a Ripple and Ethereum spot exchange-traded fund (ETF) came to the market speaking in an interview with Bloomberg TV. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs...
About 10 Fund Companies Preparing to Launch Spot Crypto ETFs in Hong Kong: HashKey Group
10.1.2024
Source: iStock/Onfokus While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong. Weng said that seven...
ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Fee War Intensifies: Bitcoin ETF Issuers Submit Updates Lowering Rates
10.1.2024
Source: Adobe / 24K-Production The spot Bitcoin exchange-traded fund (ETF) competition is heating up as major issuers including Fidelity submitted revisions to lower their fees. According to Bloomberg Intelligence ETF analyst James Seyffart, Fidelity lowered their fees to 0.25% from the previous...
Gary Gensler advises crypto investors on fund allocation
9.1.2024
After the submission of applications concerning bitcoin exchange-traded funds, which potentially served as their final request for listing, Gensler communicated with the audience through X (formerly Twitter). Gary Gensler, chairman of the US Securities and Exchange Commission, warned cryptocurrency...
Notable Absence of Hashdex in Latest Round of S-1 Bitcoin ETF Amendments
9.1.2024
Source: Adobe / Backcountry Media In the recent wave of amended S-1 filings by multiple asset managers on January 8, the notable absence of digital asset management firm Hashdex has caught the attention of industry observers. The firm, which already offers a Bitcoin futures-based exchange-traded...
BlackRock, VanEck Update Bitcoin ETF Filing Within Hours of Quick SEC Response
9.1.2024
BlackRock and VanEck, two among 13 issuers hoping to launch bitcoin exchange-traded funds (ETFs) in the U.S., have filed updated documents on Tuesday
Bitcoin ETF Applicants to File Updated S1 Form After SEC’s Comments – A Delay Signal?
9.1.2024
Source: CNBC As the spot Bitcoin exchange-traded fund (ETF) issuers filed applications for their revisions to reveal previously undisclosed fee structures, the U.S. Securities and Exchange Commission (SEC) has returned comments. The SEC’s critiques came swiftly on the heels of the updated...
Spot Bitcoin ETF Issuers in Fee War Ahead of Possible SEC Approval
9.1.2024
Source: Pixabay Spot Bitcoin exchange-traded fund (ETF) fee war has commenced before the US Securities and Exchange Commission (SEC) has even approved the product. Spot Bitcoin ETF fees are as follows: Ark is charging: 0.25%, Bitwise fees: 0.24%, BlackRock iShares is keeping its fees high...
Grayscale’s Bitcoin Trust (GBTC) Outpaces Majority of ETFs with Half a Billion in Trading Volume
9.1.2024
Image by Ascannio, Adobe Stock Grayscale’s Bitcoin Trust (GBTC) has demonstrated significant trading volume, surpassing the majority of existing exchange-traded funds (ETFs). According to industry expert Eric Balchunas, the fund traded close to half a billion dollars on January 8, outshining...
Spot Bitcoin ETFs May Boost Bitcoin Price to $200,000 in 2025, Standard Chartered Predicts
9.1.2024
Source: Standard Chartered Bank Standard Chartered Bank has predicted a significant surge in Bitcoin‘s value, reaching up to $200,000 in 2025 following potential spot Bitcoin exchange-traded fund (ETF) approvals. According to Standard Chartered Bank’s latest report led by Head of Crypto...
Gold Rush Continues – Central Banks Purchased 44 Tonnes in November
8.1.2024
Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of gold to their coffers, with the Central Bank...
Bitcoin Soars Past $47K, Outstrips Meta in Market Cap Amid ETF Speculation and Intense Trading
8.1.2024
Bitcoin breached the $47K threshold on Monday, fueled by growing excitement over the potential launch of a U.S. spot bitcoin exchange-traded fund (ETF). The leading crypto asset kicked off the day at $43,247 per unit, then climbed to a peak of $47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin Rally...
BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
8.1.2024
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted
Bitwise Tops Bitcoin ETF Low-Fee Table, While Grayscale Bets on Size
8.1.2024
Just one potential spot bitcoin ETF issuer has set a management fee above 1%, and many of the others are asking for less than 0.5%
10 Spot Bitcoin ETF Applicants Submit Final Amendments With SEC
8.1.2024
Ten spot bitcoin exchange-traded fund (ETF) applicants have filed their final amended registration statements with the U.S. Securities and Exchange Commission (SEC). The amended filings reveal a fierce fee war among spot bitcoin ETF issuers. Grayscale charges the highest fee of 1.5% while Bitwise...
With Bitcoin ETF Decision Looming, SEC Chair Gensler Says (Again) That Crypto Is Dangerous
8.1.2024
The entire crypto world and much of the U.S. financial sector is anxiously awaiting word from the U.S. Securities and Exchange Commission (SEC) on whether it will approve a spot bitcoin exchange-traded fund (ETF). SEC Chair Gary Gensler has chosen this moment to issue a broad warning about...