Related stocks and cat-themed meme tokens started to surge as the Reddit post went viral across social media platforms. Cat tokens toshi (TOSHI), mog (MOG), keycat (KEYCAT) and wen (WEN) were up as much as 37% in the past 24 hours, CoinGecko data shows, with most of the gains coming after Gill’s post. GME, a Solana meme token spoofing the company’s stock ticker, rose over 200%, according to DEXTools data. Source
The New York Stock Exchange (NYSE) will collaborate with CoinDesk Market Indexes to launch products that track Bitcoin prices. This collaboration will be a cash-settled index that will open up new avenues for options trading against Bitcoin. This collaboration will benefit traditional traders and investors using the CoinDesk Bitcoin Price Index (XBX), the longest-operating spot Bitcoin (BTC) index. “As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce its collaboration with CoinDesk…
The sixth-largest stock exchange in the world has officially begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs). According to the London Stock Exchange (LSE), today marks the launch of ETH and BTC ETN trading. “We are pleased to announce the launch of Crypto ETNs on the London Stock Exchange, effective 28 May 2024, welcoming products from WisdomTreeEU and 21Shares.” ETNs are a type of exchange-traded product (ETP) and are distinct from exchange-traded funds (ETFs) in that ETNs are debt-carrying vehicles tracking an index, and not backed by underlying…
As the London Stock Exchange gears up to list its inaugural crypto exchange-traded products, about half of its exchange-traded fund team has reportedly left. Just as the London Stock Exchange (LSE) prepares to list its first crypto-linked products, two members of its four-person team overseeing exchange-traded funds (ETFs) departed, Bloomberg reports, citing a spokesperson for LSE. According to the report, Michael Stanley, the head of exchange-traded products, and Hetal Patel, head of business development, have left the organization, though the exact timing of their exits remains unclear. The departures come…
The Financial Conduct Authority (FCA), the UK’s top financial regulator, has approved physically backed bitcoin and ethereum exchange-traded products (ETPs) for listing on the London Stock Exchange for the first time. “FCA approval in this respect could result in greater institutional adoption of the asset class,” Wisdomtree stated. First Bitcoin and Ethereum ETP Listings on […] Original
An international exchange-traded fund provider WisdomTree has become among the first issuers to have its crypto ETPs listed on LSE. WisdomTree, an international exchange-traded fund (ETF) and exchange-traded product (ETP) provider, has achieved approval from the British Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange (LSE), marking a pivotal moment for the industry and U.K.-based professional investors. In a blog announcement on May 22, Alexis Marinof, head of Europe at WisdomTree, emphasized the importance of this development, calling the approval a “significant…
As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development. The UK’s Financial Conduct Authority (FCA) has approved two crypto exchange-traded products (ETPs) by WisdomTree, which are soon to debut on the London Stock Exchange (LSE). WisdomTree Becomes First Crypto ETPs Issuer in The UK WisdomTree, a global issuer of exchange-traded products and funds with nearly $112 billion under management, announced on Wednesday that it received FCA approval to launch two new instruments on the…
While there are crypto-specific factors that can boost Bitcoin, there’s no denying that prices are often influenced by macroeconomic and global events. Sometimes, Bitcoin’s price can suddenly leap or plunge without warning. And in many cases, this is because of macroeconomic and global events outside of BTC’s control — rather than sentiment directly related to the cryptocurrency itself. Here, we’ll explore the data and developments that can have an outsized influence on the digital asset’s performance. Inflation After the cost of living in the U.S., U.K., and beyond surged to…
On Tuesday, shares of Gamestock and AMC Entertainment Holdings continued to soar, fueled by retail investors following the reappearance of Keith Gill’s online persona, ‘Roaring Kitty.’ This upward momentum also spilled over into the cryptocurrency market, with meme coins like roaring kitty (ROAR) jumping 175% and the wall street bets token rising 1,121% against the […] Source CryptoX Portal
“The industry is only just starting to come to grasp with memes being fun, relatable, enjoyable, and representative of the average person,” said B, lead developer at Floki, in a note to CoinDesk. “The vast majority of retail is flocking over to meme coins and ignoring the tired old “utility” crypto projects.” Source