The price of bitcoin (BTC) soared past $63,000 on Wednesday, reaching levels not seen in more than two years and nearing an all-time high, driven by massive inflows into spot Bitcoin ETFs. Bitcoin rallied 11% to $63,600, its highest since
The U.S. Securities and Exchange Commission (SEC) approved the long-awaited spot Bitcoin exchange-traded fund (ETF), marking a milestone for the world’s biggest cryptocurrency and the wider crypto industry. The approval came after a brief period of confusion in the market,
In a recent and unexpected turn of events, the cryptocurrency market experienced a significant shake-up due to a fraudulent filing for a BlackRock XRP Trust. Bloomberg analyst Eric Balchunas confirmed the inauthenticity of the filing, which led to a dramatic
Nasdaq has filed a proposal to list shares of BlackRock’s newly registered Ethereum Trust. This move comes hot on the heels of BlackRock’s Ethereum Trust registration, fueling speculation about the potential launch of an Ethereum-based exchange-traded fund (ETF). The announcement
Bitcoin (BTC) briefly rose above $35,000 for the first time since May 2022, driven by speculation that U.S. regulators will soon approve a Bitcoin exchange-traded fund (ETF). The price of BTC reached $35,086 on Tuesday, up over 17% in 48
The crypto community is wallowing in the misery of a protracted bear market so bad that some are calling it the ‘worst’ in history. Bitcoin peaked at $69,044.77 on Nov. 10, 2021, and remains 60% down from its all-time high,
The U.S. federal appeals court has signaled to the U.S. Securities and Exchange Commission (SEC) to reconsider its previous decision regarding Grayscale Investments’ proposal to transition the Grayscale Bitcoin Trust (GBTC) into an Exchange-Traded Fund (ETF). According to experts, this
The long-awaited debut of Europe’s inaugural bitcoin exchange-traded fund (ETF) is set to become a reality. Jacobi Asset Management is on the verge of launching the Bitcoin ETF this month. Despite numerous hurdles over the past year, Jacobi’s Bitcoin ETF approach offers
The price of bitcoin rose sharply on Wednesday and breached the psychological $30,000 mark for the first time since April, as institutional investors led by BlackRock showed renewed interest in the top cryptocurrency. Bitcoin climbed 10% to peak at over
New York-based financial services group BlackRock has launched a thematic equity fund aimed at tech companies molding the development of the metaverse. The fund is linked to Morningstar Global Metaverse & Virtual Interaction Select Index, which selects constituents from a
Abu Dhabi-based Venom Foundation announced on Tuesday the launch of a $1 billion venture capital fund aimed at investing in blockchain start-ups including web3 decentralized applications, or dApps, and metaverse projects. Venom Ventures Fund said it will prioritize projects “focused
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