Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), expressed concern that the recent licensing of spot bitcoin ETF products poses dangers and reiterated his need for federal legislation to govern cryptocurrency. Behnam made these comments two weeks after the first group of spot bitcoin ETFs were authorized by
Among the newly issued spot bitcoin products, BlackRock iShares Bitcoin ETF (IBIT) became the first on Friday to exceed $2 billion in assets under management (AUM). This does not account for Grayscale’s GBTC, which was a closed-end fund with approximately $30 billion in AUM until it became a spot ETF.
Jim Cramer, presenter of CNBC’s Mad Money, has once again offered Bitcoin investors advice, this time urging them to sell their assets. Despite falling below $38,000 earlier in the day, Bitcoin is again showing signs of optimism. After a day of gains of 0.91 percent, BTC was trading at $39,826
Approximately two weeks after the shares were made available for trading, asset management company Bitwise made public the Bitcoin addresses of its spot BTC ETF fund. Moreover, announcing that “anyone can verify” holdings for its Bitwise Bitcoin ETF (BITB) on the New York Stock Exchange Arca, the business made the
Bakkt Holdings, a provider of crypto solutions, has announced plans to extend its cryptocurrency operations into new global markets. Yesterday, Bakkt reaffirmed its partnership with SogoTrade, a digital brokerage, and Hapi, a stock trading platform, two of its existing clients. Bakkt has expanded its Latin American footprint from Argentina and
Tesla, the pioneering automotive giant led by Elon Musk, has disclosed that it retained its entire Bitcoin (BTC) reserves valued at $336 million throughout the fourth quarter of 2023, as confirmed in the company’s latest earnings report. The report detailed that Tesla neither bought nor sold Bitcoin during this period.
In the heart of the crypto realm, where fortunes rise and fall with the speed of a keystroke, a select few altcoins have captured the attention of the elusive Crypto Millionaire Club. As we step into 2024, the stakes are higher, and the excitement is palpable. Join us on a
The dawn of 2024 has brought renewed optimism to the world of cryptocurrencies, leaving crypto enthusiasts and investors eager to see what the year has in store. Notably, the cryptocurrency market’s poster child, Bitcoin (BTC), experienced a challenging 2023, shedding approximately 65% of its market value. This tumultuous period caught
Mike McGlone, a senior commodity analyst at Bloomberg, predicts that Bitcoin would underperform the stock market in 2024 when adjusted for risk, while gold could emerge victorious. In spite of the optimistic talk around the impending Bitcoin halving and the recent approval of spot Bitcoin ETF, the biggest cryptocurrency may
As part of its attempts to reorganize after filing for bankruptcy in 2022, Core Scientific, a bitcoin mining corporation located in Texas, has stated that it would resume trading on Wednesday and return to Nasdaq. In a statement released on Tuesday, the firm said that it has successfully reduced $400
