It’s a polarizing world in institutional Bitcoin offerings this week as Grayscale’s CEO remains convinced demand will return. Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler. According to data from on-chain monitoring resource Coinglass on May 13, the Grayscale Bitcoin Trust (GBTC) is now trading at…
Read more
The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to BTC and the other focused on ETH. With crypto markets tanking, three crypto-focused exchange-traded funds (ETFs) picked a difficult day to commence trading on local exchange Cboe Australia today. The trio’s launch marks…
Read more
Australians will soon have five options for cryptocurrency exchange-traded funds as the delayed funds from Cosmos and 21Shares launch this week along with 3iQ’s in the future. Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the…
Read more
Three cryptocurrency exchange-traded funds (ETFs) scheduled to launch on the Cboe Australia exchange today were delayed due to “checks” still being undertaken. The launch of Australia’s first three Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) scheduled for today, has been delayed as a result of further “checks” needing to be completed. The exchange listing…
Read more
The crypto market initially traded lower on Monday, before trimming its losses later in the trading day as sentiment improved. The market action came after heavy selling before the weekend on comments from US Federal Reserve (Fed) Chairman Jerome Powell last week, hinting that a 50-basis point rate hike could come next…. Read More:…
Read more
“For us, we think the cryptocurrency markets represent tremendous growth,” said SkyBridge founder Anthony Scarramucci. SkyBridge Capital is working on pivoting the majority of its assets under management (AUM) to digital assets, as the sector represents “tremendous growth” for the firm. The hedge fund was founded by former United States politician Anthony Scaramucci in 2005…
Read more
Grayscale Investments’ CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is ‘a Matter of When and Not If’ The U.S. Securities and Exchange Commission (SEC) has now approved not one but two…
Read more
Outflows of Bitcoin from exchanges have hit a yearly high, but inflows to Canadian Bitcoin ETFs are at also at peak levels as investor confidence in the asset grows. Canadian Bitcoin exchange-traded fund (ETF) holdings have increased to all-time highs according to recent research, and spot-based products are leading the way. Canadian Bitcoin ETFs have…
Read more
“I think all options are on the table,” said the Grayscale CEO, adding that the company has put its “full resources” into converting its flagship Bitcoin trust. Grayscale CEO Michael Sonnenshein said the firm is gearing up for a legal fight if Grayscale’s Bitcoin Spot exchange-traded fund (ETF) is denied by the United States Securities…
Read more
Prices of nearly all major cryptoassets traded higher today, as sentiment among market participants improved following a Russian idea (a very preliminary one) of accepting bitcoin (BTC) for oil & gas, news that an oil giant is mining BTC, and speculations that a bitcoin spot-based exchange-traded fund (ETF) could launch next year. Moreover, Terra…
Read more
