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
In a surprising turn of events, Vanguard, the $7.7 trillion asset management giant, has announced that it will not be participating in the newly approved Spot Bitcoin ETFs, diverging from the trend set by other major firms. The decision comes on the heels of the US Securities and Exchange Commission’s
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
Both BlackRock and ARK 21Shares have reduced the fees for their prospective exchange-traded funds (ETFs), following other competitors who announced cutbacks yesterday. The crypto industry is expecting the United States SEC to approve a spot bitcoin ETF as soon as today. After revealing a fee of 30 basis points on
After the hack of the SEC’s Twitter account on January 9, two U.S senators have demanded that the agency disclose the incident to Congress. On the same day, Senators J.D. Vance and Thom Tillis sent a letter to SEC Chair Gary Gensler, expressing their “serious concerns” about the commission’s internal
As anticipated, on Monday, January 8, many applicants for a spot Bitcoin exchange-traded fund (ETF) hurriedly submitted their final Form S-1 modifications to the U.S SEC. It is generally anticipated that the first spot Bitcoin ETFs would be authorized in the United States on January 10, and asset manager Valkyrie
Big names in finance, including BlackRock, Ark, Fidelity, Invesco, Galaxy Digital, WisdomTree, and Valkyrie, have taken a bold step toward launching the first Bitcoin exchange-traded fund (ETF) in the U.S as the deadline of January 10th draws near. The corporations in question recently submitted their final Form S-1 modifications to
With Bitcoin’s price rising back above $45,000, crypto investors had every reason to be excited at the start of the new week. Early reports indicated that on January 5, BlackRock bought $10 million worth of Bitcoin. The investment firm had anticipated a volume of over $2 billion for its Spot
The SEC has once again issued a warning on the fear of missing out (FOMO) while investing in cryptocurrency, and this comes days before the expected approval of spot Bitcoin ETFs. Digital assets, such as meme stocks, cryptocurrencies, and NFTs, pose dangers to ordinary investors, according to a Jan. 6
The owner of the Dallas Mavericks NBA franchise and Shark Tank star Mark Cuban took to social media on Thursday to criticize the U.S SEC. According to Cuban, when questioned about the suitability of current securities rules to regulate cryptocurrencies, all one has to know is that Howey was insufficient,
