Rumors circulated on Monday that Blackrock, the world’s largest asset manager, has registered to launch an XRP exchange-traded fund (ETF), following its registration of a spot ether ETF. However, Blackrock quickly denied the rumor, confirming that it has not filed to launch an XRP exchange-traded product. Blackrock Hasn’t File to Launch XRP ETF As enthusiasm…
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Monday, November 13, 2023 – The Bitcoin price predictions are rolling in, and among the most bullish is $120,000 by the end of 2024 from Standard Chartered Bank – but Bitcoin ETF Token has raised $500,000 and could gain 10x at launch. Since Sunday, the crypto industry has been focused on the opening of an…
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Bitcoin (BTC) Chart / Source: TradingView After briefly dipping below the $37,000 level late on Saturday, the price of Bitcoin (BTC) has recovered back into the low $37,000s, where it continues to trade around 2% lower versus the 18-month highs it hit earlier in the week near $38,000. Despite the pullback, Bitcoin remains on course…
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Bitcoin (BTC) Chart / Source: TradingView The Bitcoin (BTC) bulls are taking a breather on Saturday, with the cryptocurrency moving sideways just below the yearly highs it printed earlier this year near $38,000, with BTC last changing hands for around $37,150. The cryptocurrency remains on course to post a strong weekly gain of around 6%…
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BlackRock questioned the SEC’s preference for the 1940 Act that oversees futures ETFs, and argued that it lacks relevancy to both crypto-spot and crypto-futures ETFs. BlackRock has argued that the U.S. Securities and Exchange Commission doesn’t have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently. BlackRock’s plan for a spot-Ether (ETH)…
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Bitcoin (BTC) Chart / Source: TradingView A near 8% surge in the price of Bitcoin (BTC) in the past seven days has seen its market capitalization jump by more than $50 billion to above $700 billion for the first time in seventeen months. The cryptocurrency’s market cap was last around $729 billion, corresponding to a…
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The new platform Tokenet hopes to capitalize on institutional interest following the potential approval of a spot Bitcoin ETF. A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF). The platform…
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Source: Pixabay Hong Kong is considering allowing spot exchange-traded funds (ETFs) that directly invest in cryptocurrencies. Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), revealed that the option of granting retail investors access to spot crypto ETFs is under consideration, subject to addressing regulatory concerns effectively. In a recent interview with…
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Valkyrie’s CIO hints at SEC’s near-term approval for a Bitcoin ETF. Image by 24K-Production, Adobe Stock. The Securities and Exchange Commission (SEC) may finally approve the long-awaited spot bitcoin exchange-traded fund (ETF) as early as this month, according to Valkyrie’s chief investment officer, Steven McClurg. Bitcoin’s price has rallied over the past few months in…
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In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website. BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website,…
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