The U.S. Securities and Exchange Commission @SECGov has officially announced that it does not intend to appeal the recent ruling involving Grayscale. This development, reported by Reuters, aligns with the speculations circulating within the crypto community. the United States is experiencing a seismic shift as the U.S. Securities and Exchange Continue Reading
Bitcoin ETF
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BITCOIN
SEC Decides Not to Appeal Grayscale Ruling
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BITCOIN
Potential Approval for Bitcoin Spot ETFs Today
In a potential game-changing move for the cryptocurrency market, today marks the final day for the Securities and Exchange Commission (SEC) to appeal the decision regarding the Grayscale Bitcoin Spot ETF. The outcome of this decision could set the stage for the approval or denial of various Spot Bitcoin ETFs Continue Reading
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Crypto News
Bitcoin ETF Approval Anticipated by Fall 2023
a CNBC senior markets correspondent has voiced optimism regarding the approval of spot Bitcoin ETFs, projecting their potential confirmation sometime during the fall. This significant development could herald a new phase of growth for the cryptocurrency market, particularly Bitcoin (BTC). The correspondent stated, “My bet would be eventually sometime in Continue Reading
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Altcoin
Former SEC Chair Advocates for Approval of Spot Bitcoin ETF
In a recent interview with CNBC, Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), expressed his belief that a Spot Bitcoin Exchange-Traded Fund (ETF) should be approved. Clayton described the approval of such an ETF as “hard to resist,” emphasizing the significant investment opportunities it Continue Reading
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BITCOIN
Bitcoin Exchange Balances Hit Lowest Level since March 2018
Glassnode reported a significant decline in the number of Bitcoin held on cryptocurrency exchanges. The exchange balance has reached its lowest level since March 2018, with only 2.26 million BTC remaining. This data, obtained from glassnode, reveals a staggering decrease of 2.44 million Bitcoin from the total circulating supply back Continue Reading
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BITCOIN
Major Asset Manager BlackRock Resubmits Bitcoin ETF Filing
In a recent development, global asset management firm BlackRock has resubmitted its application for a spot Bitcoin exchange-traded fund (ETF) on June 29. Notably, the company’s latest filing includes Coinbase, the leading cryptocurrency exchange, as a part of their application. This move by BlackRock signals the firm’s growing interest in Continue Reading
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Crypto News
Litecoin Price Surges: What’s Behind the Recent Rally?
Litecoin (LTC), one of the leading cryptocurrencies in the market, has recently experienced a significant surge in price, capturing the attention of investors and enthusiasts alike. This surge is part of a broader rally in the cryptocurrency market, driven by various factors and market dynamics. digital asset FOMO and Overall Continue Reading
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BITCOIN
Fidelity Gears Up to Enter the Spot Bitcoin ETF Race
Fidelity, known as the world’s third-largest asset management firm, is reportedly preparing to jump into the spot Bitcoin ETF market as the race heats up among financial institutions. As one of the influential financial powerhouses, Fidelity’s entry into the Bitcoin ETF space signifies growing mainstream adoption of cryptocurrencies and a potential windfall Continue Reading
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BITCOIN
Understanding Spot ETFs and Their Impact on Bitcoin Prices
Spot ETFs, also known as exchange-traded funds, are investment vehicles that track the price movements of underlying assets in real-time, providing investors with exposure to the performance of those assets. In the context of the cryptocurrency market, the emergence of spot ETFs has the potential to significantly impact the price Continue Reading
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BITCOIN
Valkyrie Applies for Bitcoin ETF Following SEC Denial
Valkyrie, a prominent asset manager overseeing a staggering $80 billion in assets, has recently submitted an application for a Bitcoin Exchange-Traded Fund (ETF). This move comes after the Securities and Exchange Commission (SEC) had previously denied the company’s proposal for a Bitcoin spot ETF in December 2021. Win In an Continue Reading
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BITCOIN
Bitcoin: Breaking 30k Barriers and Setting New Records
Bitcoin, the world’s leading cryptocurrency, has been making waves in the financial market. Its recent achievement of surpassing the $30,000 mark and experiencing a remarkable 12% gain within just 24 hours has caught the attention of investors worldwide. This significant milestone signifies Bitcoin’s resurgence since April 2023, instilling renewed hope Continue Reading
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BITCOIN
Bitcoin Surges to $29,000 Driven by Institutional Support
Despite facing regulatory pressure and scrutiny, Bitcoin remains unfazed, continuing its upward trajectory and surpassing the $29,000 level. This impressive perfocan be attributed to the increasing interest from exchange-traded fund (ETF) institutions. Notably, four prominent ETF institutions, including iShares, Bitwise, WisdomTree, and Invesco, have recently filed applications for a Bitcoin Continue Reading
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Crypto News
Bitcoin Skyrockets by 7% in 24 Hours, Surpasses $28,000 Mark
Bitcoin, the leading cryptocurrency, has witnessed a remarkable surge in value, surpassing the $28,000 mark. Over the past 24 hours alone, Bitcoin has gained nearly 7%, signaling a resurgence in its market performance
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BITCOIN
BlackRock Nears Filing for Bitcoin ETF
The cryptocurrency market, BlackRock, the world’s largest asset manager, is reportedly on the verge of submitting an application for a Bitcoin ETF (exchange traded fund). According to a recent report by CoinDesk, BlackRock will leverage the services of Coinbase Custody, a leading cryptocurrency custody provider, for its ETF, while relying Continue Reading