Month: January 2024

A trade that wins if bitcoin retreats now that an ETF is finally here

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Asset managers, as well as investors, have been hoping for a spot bitcoin ETF for more than a decade. They finally got their wish this week, but it may be time to fade that news with an options trade that wins if bitcoin and related stocks decline. The reluctant approval from the SEC follows many years of rejections and delays of various attempts to launch a spot bitcoin ETF for public investing. This good news also comes just a few months after the agency was handed a definitive loss in…

Genesis Global Trading Pays $8M to Settle New York Lawsuit

Genesis has faced a slew of legal troubles since last year. In January, the Securities Exchange Commission (SEC) charged Genesis with selling billions of dollars worth of unregistered securities to hundreds of thousands of investors. The firm declared bankruptcy that month and remains in court proceedings to recover millions of dollars of lost investor funds as of the time of writing. Source

Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell ‘Quantum Cats’ Collection

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin market setting in a major top

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According to YouTube analyst Crypto Banter, the narrative around the Bitcoin ETF hype is starting to die down, prompting investors to start taking profits. As stated in the Jan. 12 video, spot Bitcoin ETFs traded at a total volume of $4.6 billion, with Grayscale (GBTC) taking the lead. However, the analyst reveals that in taking a closer look at the data, the GBTC sales were due to higher fees and the majority of “old Bitcoin” being locked up, meaning the data shows closer to zero new inflows that might result…

Nearly 90% Of Holders See Profits On Crypto Climb

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The past week has been a triumphant one for Lido DAO, with its LDO token surging an impressive 22%, leaving a sluggish broader crypto market in its dust. This notable feat mirrors the 18% ascent of Ethereum, its underlying blockchain, showcasing a deep synergy between the leading liquid staking platform and its technological foundation. But the good news doesn’t stop there. A staggering 87% of Lido DAO token holders are reaping the rewards of their investment, according to data from IntoTheBlock. This solid figure underscores the strong performance of LDO,…

Bitcoin ETFs have a key difference from their stock fund counterparts

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The Securities and Exchange Commission pushed for bitcoin ETFs to have a key difference from major stock funds, and that decision’s impact on how the funds trade will only become clear over time. The bitcoin funds that launched on Thursday are using a share redemption process that turns the underlying crypto into cash. Most ETFs primarily use an in-kind redemption process, where the underlying asset does not have to be actually sold. While the rules around share redemption do not directly impact the smaller trades that retail investors do in…

First Two Weeks Show Major Updates, Report

In a report from the educational tool Essential Cardano, the team behind Input Output Global (IOG) showed some of the latest updates to ship in the ecosystem. From performance to scalability, the network continues to implement improvements. Cardano has been regaining bullish momentum in the crypto market as the news of the spot Bitcoin Exchange Traded (ETF) fund in the US pushed the sector higher. At the time of writing, ADA’s price trades at $0.5 with a 7% profit in the last week. ADA’s price trends to the upside on…

COINDESK’S COMPLETE ETF COVERAGE – CryptoX

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

COINDESK’S COMPLETE ETF COVERAGE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

CoinShares Looks to Buy Valkyrie Funds Following Bitcoin ETF Clearance

Being the third lowest performer by trading volume among the 11 spot Bitcoin ETFs that debuted on Thursday, Valkyrie’s spot Bitcoin ETF garnered just under $9 million in trading volume during the day. CoinShares International Limited, a leading player in the European digital asset industry, announced today that it has exercised its option to acquire Valkyrie Funds. This strategic move comes in the wake of the U.S. Securities and Exchange Commission’s (SEC) approval for Valkyrie’s spot Bitcoin ETF, which started trading on Nasdaq on January 11. CoinShares Expands its US…