Venture Smart Financial Holdings, which touts itself as Hong Kong’s first approved virtual asset manager, is gearing up to launch its spot Bitcoin exchange-traded fund (ETF) in the first quarter of this year, striving for $500 million in assets under management by the end of 2024, as per Bloomberg. Hong
The flagship cryptocurrency, Bitcoin (BTC), is currently witnessing a downturn, with Grayscale, one of the largest holders of Bitcoin, engaging in a significant sell-off. This move has left investors and market analysts speculating about its reasons and potential impact on the global crypto market. The catalyst for this development came
In the wake of Bitcoin’s consolidation following the approval of ETFs, Ethereum (ETH) has emerged as a frontrunner in the crypto market, making notable strides with a 1.65% surge, currently trading at $2,567 with a market cap of $308 billion. The second largest cryptocurrency, ETH, is currently undergoing a corrective
The global cryptocurrency market is currently gripped by uncertainty as Bitcoin (BTC) trades within a narrow range. A staggering 57% drop in global market trading volume over the last four days has contributed to the cautious feelings, leaving crypto enthusiasts on the edge, eagerly anticipating the next market trend. The
Today, the global cryptocurrency market displayed green candles as the U.S. Securities and Exchange Commission (SEC) finally granted approval for spot Bitcoin exchange-traded funds (ETFs). This long-awaited decision propelled Bitcoin (BTC) to reach a peak of $47,647 earlier in the morning. Interestingly, Bitcoin had initially spiked to $47,893 on Tuesday
While the world eagerly awaits the green light for a Bitcoin ETF, a lesser-known digital asset index, the XDC index, has already secured regulatory approval through its partnership with Vinter. This strategic move opens the door for a wave of innovative financial products, potentially giving XDC a head start in
The anticipation of a Bitcoin Exchange-Traded Fund (ETF) approval has sent ripples across the cryptocurrency market, with Solana (SOL) and Retik Finance (RETIK) emerging as potential beneficiaries of a potential market surge. Bitcoin ETF The long-awaited approval of a Bitcoin ETF is poised to be a game-changer for the entire
Bitcoin (BTC) has found itself caught in a stiff consolidation phase, with price levels swinging between $34,800 and $35,250. Despite several attempts by the bulls to break through the resistance at $35,250, the bears have proved strong around the $35,300 and $35,550 levels. This week, Bitcoin made multiple efforts to
Ethereum (ETH) has broken free from its bearish trap, surging above the $1,860 resistance level on November 2, and climbing to an 86-day peak. This bullish momentum has sparked fervor among investors trading ETH derivatives, and a key catalyst behind this newfound enthusiasm may well be the widespread anticipation surrounding
Since October 24, the world’s largest cryptocurrency, Bitcoin (BTC), has ignited a bullish trend across the broader crypto market. Also, Bitcoin enthusiasts and investors have been on the edge of their seats as BTC surges above the $34,300 range, and the excitement is solid. The surge in Bitcoin’s value is
