Month: January 2024

Bitcoin ETF Approval Can Push BTC Price to Over $100K in 2024

Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year. In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are optimistic about BTC price potential to surge beyond $100,000 this year. Investors in the crypto space believe that the approval of a Bitcoin ETF is a pivotal step that will diversify the range of investors…

Franklin Templeton’s Bitcoin ETF Becomes the Cheapest

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UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter. The conditions, according to the person close to UBS who asked to not be named, include: UBS cannot solicit the trades and accounts with a lower risk tolerance won’t be able to buy them. A UBS spokesperson declined to comment. Citigroup, meanwhile, “currently provides our institutional clients with access to the recently approved Bitcoin ETFs from an execution and asset servicing…

Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum

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Crypto Expert Anthony Sassano has provided a bullish narrative for the Ethereum ecosystem. Based on this, he believes that Ethereum could hit a new all-time high (ATH) this year. The analyst also went as far as predicting what price level ETH could hit in particular.  ETH Could Rise To As High As $10,000 This Year Sassano stated that ETH could hit $10,000 if the Ethereum Spot ETF hype were to get “ahead of itself.” These ETFs are believed to be next in line for an approval order by the Securities…

Coinbase Pursues Africa Expansion with Yellow Card Partnership

As Coinbase has pointed out,  fiat transfer fees can get as high as 3% to 6%. Through this partnership with Yellow Card, users will pay a maximum of 2% for each transaction. One of the benefits of cryptocurrency and blockchain being such barrier-breaking concepts is that people from all over the world can gain access to them. As such, projects and companies in the blockchain space often find themselves serving an international audience with all sorts of needs. Now, Coinbase, one of the biggest companies in the blockchain space, has announced…

Senator Elizabeth Warren Criticizes SEC’s Approval of Bitcoin ETFs

While Warren has expressed her dissatisfaction with the approval of the 11 BTC ETFs, some lawmakers in the US support the SEC’s decision. In a recent development, US Senator Elizabeth Warren, a key Democratic figure from Massachusetts and a Senate Banking Committee member, has strongly criticized the Securities and Exchange Commission (SEC) for its recent approval of spot Bitcoin exchange-traded funds (ETFs). On January 10, 2024, the SEC authorized 11 asset managers in the US to offer Bitcoin (BTC) spot ETFs for customers in the region. The move marked the…

CoinShares exercises option to acquire Valkyrie Funds

CoinShares International Limited announced the acquisition of Valkyrie Funds. A press release dated Jan. 12 stated that CoinShares has acquired Valkyrie Funds, a digital asset management investment company in the United States. The statement said the purchase decision is contingent on the U.S. Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin (BTC) ETF. Upon completion of the acquisition, CoinShares‘ existing assets under management (AUM), currently $4.5 billion, is expected to increase by approximately $110 million. However, the deal is now pending completion of satisfactory due diligence, completion of…

Franklin Templeton Waives Off Fees for Bitcoin (BTC) ETF Till Fund Reaches $10B AUM, Cuts Fees to 0.19%

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BlackRock Reveals $4.63B in Q4 2023 Earnings Report, Acquires Global Infrastructure Partners for $12B

Figures reported by BlackRock for Q4 2023 beat the expectations of analysts as the company also purchased Global Infrastructure Partners. Giant asset manager BlackRock Inc (NYSE: BLK) has announced earnings for Q4 2023, with figures beating Wall Street expectations. According to reports, BlackRock had profit of $0.15, and $9.66 per share for earnings adjusted for restructuring and amortization costs. Also, the total revenue for BlackRock Inc’s Q4 2023 was $4.63 billion, which met expectations on Wall Street. In addition to BlackRock’s figures for Q4 2023, the company also announced the…