The U.S SEC’s approval of the Bitcoin ETF was a watershed decision. Having said that, Vanguard has maintained its firm position on not offering Bitcoin ETF trading. This action has been deemed “terrible” by Ark Invest founder Cathie Wood. Ark Invest CEO Cathie Wood has criticized Vanguard for their unwillingness
Franklin Templeton’s CEO and President shared her enthusiasm for this week’s event and stated on twitter that Laser Eyes Ben was now playing in the background of her phone. Franklin Templeton is one of the most recent Bitcoin exchange-traded fund (ETF) issuers. It was Jenny Johnson who broke the news
During times of national financial crisis, Robert Kiyosaki—world renowned author of “Rich Dad Poor Dad”—has recommended Bitcoin and other assets as a hedge. The well-known author has long advocated for investors to spread their investments, particularly in times of economic crisis. This time, he brought attention to the fact that
A dramatic fall in Bitcoin’s value occurred after the landmark launch of 11 Bitcoin ETFs in the U.S caused considerable volatility in the crypto market. Famous crypto critic and economist Peter Schiff is worried about Bitcoin’s future, especially for those who have invested in these new ETFs. Bitcoin’s value fell
Bitcoin is still under severe selling pressure after the approval of the Bitcoin ETF. Over the last several hours, the price of Bitcoin has fallen by 8%. Since the U.S. SEC authorized eleven spot Bitcoin ETFs on January 10, the price of Bitcoin (BTC) has been falling, which has surprised
Larry Fink, CEO of BlackRock, recently spoke with CNBC and said that he “sees value” in creating an Ethereum spot ETF in the US. Recently, the company’s spot Bitcoin ETF (IBIT) had a successful debut trading day. The biggest asset management in the world, BlackRock, applied to the SEC for
Before the U.S. SEC recently approved ETFs which allowed direct investing in Bitcoin, MicroStrategy co-founder Michael Saylor sold shares in a number of different offerings. In the days leading up to the SEC approval (January 2–January 10), Saylor sold 3,882–5,000 shares, according to Bloomberg data. This was Saylor’s first sale
Franklin Templeton, one of the issuers of the Spot Bitcoin ETF, made a bold move by cutting its sponsor fee, making it the lowest among its rivals. In its January 12 filing, the company reportedly opted to cut the yearly fee for its Bitcoin ETF from 0.29% to 0.19%. Along
Commenting on the reasons for the SEC’s approval of a number of spot bitcoin ETFs for listing and trading, SEC Chair Gary Gensler made it clear that he remains opposed to cryptocurrencies in general. Explaining the SEC’s stance change on bitcoin ETFs was a tough assignment for Gensler. Things “have
South Korean securities companies may have violated regulations by brokering Spot Bitcoin ETFs registered abroad, according to a press statement by the Financial Services Commission (FSC) on January 12. The advice is issued at a time when the FSC is attempting to address the regulatory frameworks and issues presented by
