Solana’s latest price rally comes in the wake of new Bitcoin all-time highs above $65,000. Solana’s SOL coin rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins. Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept.…
Read more
The ProShares Bitcoin ETF has beaten an 18-year-old record for the fastest fund to a billion-dollar AUM. Since the ProShares Bitcoin Strategy ETF started trading this week, it has become the fastest fund ever to reach $1 billion in assets under management (AUM). The highly anticipated launch of the first Bitcoin futures exchange-traded fund in…
Read more
SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first futures-based bitcoin exchange-traded fund (ETF) in the U.S.…
Read more
Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its…
Read more
Bloomberg ETF analysts are predicting Valkyrie’s futures-based Bitcoin ETF will commence trading this week. Commentators are predicting that a second futures-based Bitcoin exchange-traded fund (ETF) will go live by the end of the week following the launch of ProShares’ Bitcoin Strategy ETF later today. On Oct. 19, Bloomberg’s analyst Eric Balchunas predicted that Valkyrie’s Bitcoin…
Read more
The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed a post-effective amended prospectus on Friday that shows the…
Read more
Everyone is cheering for the BTC ETF, but options markets data shows that the implied probability for Bitcoin trading above $70,000 on Oct. 29 is just 25%. The United States Securities and Exchange Commission, or SEC, is expected to rule on Oct. 18 whether to approve an application from asset manager ProShare Capital Management for…
Read more
