Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective on Friday, an executive at the company told CoinDesk. Original
Presented with this open-source unstoppable, uncensorable protocol, innovators are going to do what they always do: innovate. So, inevitably, there will be workarounds to all of this. New ways to engage with all those other Bitcoin use cases without being ensnared in a Washington/Wall Street regulatory bind will emerge. Original
Ether (ETH), the second largest crypto in market value, followed a similar path to BTC, dipping around the time of the BitGo announcement via Twitter but then regaining ground to recently change hands near the $1,900 threshold it reached on Wednesday for the first time since the beginning of June. ETH was recently up a few fractions of a percentage point. Most other major cryptos were largely in the green, albeit not as impressively as the previous day. ADA and DOT, the tokens of smart contract protocols Cardano and Polkadot,…
Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon. That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects. SEC’s Gensler presents Bitcoin ETF roadblock BTC price action has offered more than 20% gains since BlackRock, the world’s largest asset manager, applied to list a U.S. spot Bitcoin ETF. This would be the first of its kind, as all such spot ETF applications have been rejected so far by…
The addition of a Bitcoin equities exchange-traded fund product to the Euronext Amsterdam stock exchange is fantastic news for Dutch investors. The highly anticipated Bitcoin Equities Exchange-Traded Fund (ETF) product has made its debut on the Euronext Amsterdam stock exchange. This groundbreaking move brings Bitcoin into the realm of traditional financial markets, offering investors a regulated and easily accessible way to gain exposure to the world’s leading token. Earlier today, the Euronext Amsterdam Stock Exchange welcomed the trading of the Bitcoin Equities ETF, BTC NA, offered by French investment firm…
The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks. French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22, introducing an equities-based approach to investing in the Bitcoin ecosystem. BTC NA is designed to track the Melanion Bitcoin Exposure Index, which is a custom basket of European and American stocks that are closely tied to the market price of BTC. The ETF is compliant to the European Commission’s…
Coinbase Custody is a service offered by the crypto exchange that allows institutional investors to store large amounts of tokens, such as bitcoin, in a secure wallet. It will serve as the custodian for bitcoin held on BlackRock Bitcoin ETF, if the request is approved by regulators. Source
A flood of spot Bitcoin ETF applications coming from the wealthiest asset managers of the world has fuelled investor optimism with BTC price gaining more than 20% in the last three days. The world’s largest cryptocurrency Bitcoin (BTC) continues with its price rally gaining another 5% in the last 24 hours and shooting past $30,000. As of press time, BTC is trading at $30,286 with a market cap of $588 billion. This week’s price rally in BTC comes amid a flood of spot Bitcoin ETF applications making their way to…
Bitcoin (BTC), the world’s largest cryptocurrency by market value, rallied over the past 24 hours after various traditional finance firms announced moves into the crypto market, indicating bullish sentiment. eToro US investment analyst Callie Cox shared her crypto markets analysis. Plus, Lindsey Grossman, the business lead at Bitkey, Block’s bitcoin wallet, joined “First Mover” to discuss teaming up with Coinbase and Cash App, along with the launch of Bitkey’s external beta sign-ups. And, Axelar CEO and co-founder Sergey Gorbunov shared his reaction to the Uniswap Foundation’s recent bridge assessment report.…
Cryptocurrency fund manager Valkyrie is applying for a Bitcoin spot exchange-traded fund (ETF), joining several other financial firms that have filed similar applications with the United States Securities and Exchange Commission (SEC) in the last week. Valkyrie filed an S-1 registration form for a Bitcoin spot ETF with the SEC on June 21. In it, the firm indicated that it would seek to list its fund on the Nasdaq under the symbol BRRR. Valkyrie is an old hand at Bitcoin (BTC) futures ETFs. It launched the second BTC futures ETF in the U.S.,…