Tag: Launch

Bitcoin ETFs Launch Google Ad Campaigns To Attract Investors

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After the approval and launch of spot Bitcoin ETFs (Exchange-Traded Funds) by the US Securities and Exchange Commission (SEC), ETF issuers have extensively promoted their products on different media platforms to attract retail investors. Bitcoin ETF Issuers Looking To Attract Retail Investors At the end of January, giant technology company Google changed its advertisement policy to allow crypto fund managers to advertise crypto products in the search engine. Beginning on January 29, the company would “update the Cryptocurrencies and related products policy to clarify the scope and requirements for the…

QRDO Foundation and EQ LAB Announce Strategic Partnership to Launch the Warden Protocol – Blockchain News, Opinion, TV and Jobs

Cayman Islands, Cayman Islands, January 31st, 2024, Chainwire The QRDO Foundation, dedicated to the growth and development of the QRDO ecosystem, has announced a strategic partnership with EQ LAB, a leading blockchain developer lab, to launch the Warden Protocol. This initiative accelerates the upcoming launch of the Warden Protocol, an intent-based interoperability protocol built on Cosmos and based on the Fusionchain primitive.  Introducing the Warden Protocol The Warden Protocol is a modular intent-centric blockchain built on the Cosmos-SDK. At its most basic level, it enables users to create Spaces and…

Why launch of new ETFs may not affect bitcoin as they did gold

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It’s possible that the new exchange-traded funds may benefit bitcoin as an asset class, but in the near term, it’s more likely the cryptocurrency rediscovers its high correlations with equities, according to Citi. The launch of spot bitcoin ETFs in the U.S. has been widely anticipated for months, with many investors thinking they could revolutionize investing in the asset the way the SPDR Gold Shares ETF (GLD) did for gold in 2004. Bernstein recently said bitcoin could rocket to $200,000 by the end of next year with bitcoin ETFs. Only time…

Potential Freeze On CBDC Launch In The UK Raises Concerns

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On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a ‘digital pound’ issued in February of 2023.  The consultation paper sought the public’s feedback on introducing a UK central bank digital currency (CDBC). Is The UK Ready To Introduce Their CBDC? The BoE and HM Treasury consider that introducing a CBDC could provide people with an “additional choice of safe payment that is fit for the future,” unlock development opportunities for businesses, and make day-to-day payments more “convenient” while reducing…

SEC delays decision on BlackRock’s Ethereum spot ETF launch

The Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s application to launch a spot Ethereum (ETH) ETF to March. According to a document on the SEC website, a new decision on the application, which was supposed to be made on Jan. 25, is now expected on March 10, 2024. SEC representatives explained their decision due to the lack of time to review all the application details. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so…

GBTC’s Bitcoin (BTC) Sales Top 100K Since ETF Launch

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Grayscale’s Bitcoin Trust (GBTC) moved more than 19,000 bitcoin (BTC) from its publicly known wallet Wednesday morning. Since the spot bitcoin ETFs opened for business on Jan. 11, Grayscale has now moved nearly 113,000 bitcoin from its wallet, the overwhelming majority of which was to Coinbase Prime in preparation for sale, according to data compiled from Arkham. Original

ProShares Bitcoin ETF trading declined over 70% since spot Bitcoin ETF launch

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ProShares’ Bitcoin Strategy ETF experiences a significant drop in trading activity as investors shift focus to spot Bitcoin ETFs. On Jan. 18, trading volumes for BITO on the New York Stock Exchange fell sharply to just above $500 million, a significant decrease from the $2 billion peak seen on Jan. 11, per Coinbase’s data. Additionally, data from ETF.com shows a substantial outflow from BITO, exceeding $270 million, within the same timeframe. Despite this downturn in trading activity, market analysts maintain a positive outlook on BITO’s role in the sector, particularly…

Bitcoin Price (BTC) Falls Despite Bitcoin ETF Launch

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A number of spot bitcoin ETFs began trading on Jan. 11, with bitcoin surging to $49,000 in the minutes after their launch. The rise was fleeting though, and the price has been heading south since, finally falling through $40,000 moments ago. Bitcoin is now at its weakest price since the beginning of December, but still more than a double from year-ago levels. Original

Hong Kong’s Venture Smart Financial to launch spot Bitcoin ETF in Q1

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Venture Smart Financial Holdings Limited, a financial services firm based in Hong Kong, is set to introduce its spot Bitcoin exchange-traded fund (ETF) in the city in Q1. Brian Chan, the group head of investment and product at Venture Smart Financial, shared in an interview with Bloomberg that the company aims to accumulate up to $500 million in assets under management by the end of 2024, recognizing the immense potential in the market. “It’s a market that has huge potential. Our goal is $500 million in assets under management by…