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
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
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
A member of the Senate Banking Committee and a Democrat from Massachusetts, Elizabeth Warren has publicly blasted the SEC for its recent approval of eleven spot bitcoin ETFs. It is critical that the cryptocurrency industry immediately adopt anti-money laundering legislation; Warren, who is well-known for her cautious attitude toward cryptocurrencies,
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
In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has given the green light to the country’s first regulated spot Bitcoin exchange-traded funds (ETFs). The approval, granted just a day after a false announcement briefly sent markets into disarray, marks the end of a challenging decade-long journey for
The crypto community is eagerly waiting for the SEC to announce its verdict on the spot Bitcoin ETF. Today, January 10, is the last day for the SEC to decide whether to accept or reject the ARK 21Shares Bitcoin ETF (ARKB). According to industry experts, the 11 spot Bitcoin ETFs’
Bitcoin soared past $45,000, reaching heights of $47,000, marking an unprecedented climb since April ’22. This surge is undeniably fueled by growing speculation around a potential Securities and Exchange Commission (SEC) approval of the first spot BTC exchange-traded fund (ETF). Analysts from Bloomberg Intelligence cite a staggering 95% likelihood of
According to Arthur Hayes, the price of Bitcoin might fall by as much as 40% in March. A week of market chaos is on the horizon, according to a recent post by the ex-CEO of crypto exchange BitMEX. As the first spot Bitcoin ETFs in the U.S are expected to
Only days after the cryptocurrency world commemorated the 15th anniversary of Satoshi Nakamoto mining the Bitcoin genesis block, the anonymous creator of the cryptocurrency, who goes by the nickname “Satoshi,” seems to be back. The wallet address which belongs to Satoshi Nakamoto, has recently received a 27 Bitcoin transfer. On
