The Securities and Exchange Commission’s approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm has partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF. “We really believe this is … Read more
With spot bitcoin ETF approvalinvestors can now directly access cryptocurrency through an investment fund, risk reduction and increasing movement safety. This change reflects a a new regulatory approach indicating an increase institutional acceptance and potentially stimulate a significant increase in interest and investment in the industry cryptocurrency. However, certain regulatory uncertainties remain and the debate … Read more
The U.S. Securities and Exchange Commission has pushed for bitcoin exchange-traded funds to be fundamentally different from large equity funds, and the impact of that decision on how the funds will be traded remains to be seen. Bitcoin funds, which launched on Thursday, use a share buyback process that turns the underlying crypto into cash. … Read more
Pavlo Gonchar | Lightrocket | Getty Images More than a dozen financial firms are involved in new bitcoin exchange-traded funds that began trading on Thursday, but one of the world’s largest fund issuers and money managers still won’t touch the cryptocurrency. A Vanguard spokeswoman told CNBC that the asset management giant has no plans to … Read more
Brian Armstrong, CEO of Coinbase Global Inc., speaks during the Messari Mainnet Summit in New York on Thursday, September. 21, 2023. Michael Nagle | Bloomberg | Getty Images Now that the SEC has approved the creation of Bitcoin Exchange Traded Funds, Coinbase the crypto market position is about to change dramatically. In the coming weeks … Read more
The U.S. Securities and Exchange Commission on Wednesday approved rule changes that will allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give investors regular access to the controversial and volatile cryptocurrency. The decision is likely to lead to the conversion of Grayscale Bitcoin Trust, which holds about $29 … Read more
Digital wallet connected with the mysterious creator of Bitcoin, Satoshi Nakamoto, received unexpected payment from approx $1.2 million in bitcoins by an anonymous user. Direct transition to the so-called wallet genesis, the first ever built and dormant for many years, occurred on January 5, 2024, two days after the fifteenth anniversary of the mining of … Read more
The year 2024 started with good news for cryptocurrency enthusiasts and investors: Bitcoin surpassed $45,000 today, for the first time since April 2022, marks a recovery after a period of volatility and uncertainty. The value of Bitcoin, the most well-known and widespread cryptocurrency, reached a peak of $45,532, an increase of 156% from the previous … Read more
After years on the rise, Inflation is to decline in 2024 and with it the interest rates that the central banks have raised to record levels in recent months. But the descent will not be as fast as the ascent, with some threatening effects on the performance of the economy global. One of the risks … Read more