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SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports
20.3.2024
The United States Securities and Exchange Commission (SEC) has reportedly served a number of key businesses in the crypto industry with subpoenas in relation to obtaining records about the Ethereum Foundation, a new report reveals. According to Fortune, SEC Chair Gary Gensler is leading the agency...
Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports
20.3.2024
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security
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?
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...
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
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...
Grayscale CEO Believes Bitcoin ETF Fees Will Drop Over Time: CNBC
19.3.2024
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors
Grayscale Investments Submits Revised Application for Spot Ethereum ETF
19.3.2024
Grayscale Investments’ Chief Legal Officer announced that the firm has submitted a revised Form 19b-4 for spot Ether exchange-traded funds. The officer, Craig Salm, stated that investors are seeking access to ethereum via a spot Ethereum ETF. Listing on the NYSE Grayscale Investments,...
GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K
19.3.2024
Grayscale’s spot Bitcoin ETF has seen the biggest outflow of $643 million on March 18, as Bitcoin price continues to drop and is now below the $65,000 mark.
The post GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K appeared first on Cryptonews
Fidelity Updates Spot Ethereum ETF Application to Include Staking
19.3.2024
Fidelity has updated its Spot Ethereum exchange traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) on March 18 to include staking.
The post Fidelity Updates Spot Ethereum ETF Application to Include Staking appeared first on Cryptonews
Fidelity Adds Staking to Ether ETF Application, Sending LIDO Up 9%
18.3.2024
Money management giant Fidelity wants to allow traders of its potential ethereum fund to be able to stake some of the assets, it wrote in an amendment with the U.S. Securities and Exchange Commission (SEC)