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Over the last month, the US Securities and Exchange Commission (SEC) has undergone a massive shift in its crypto policy. That is set to completely revamp its offerings in the United States. Indeed, one expert notes that a recent SEC acknowledgment has a Litecoin ETF inching closer to approach. That isn’t all, as the agency acknowledged two key filings. The first was related to Grayscale’s LTC ETF, while the other was a request for in-kind redemptions on BlackRock’s Bitcoin ETF. The development looks to mark a clear step toward the approval of both filings. Source: Decrypt Also Read: SEC Transfers Top Crypto Litigator to IT Department SEC Brings Litecoin ETF and In-Kind Bitcoin ETF Redemptions Edging Closer to Approval There is no denying that the election of US President Donald Trump has completely shifted the country’s crypto policy. With his return to the White House, the country has selected its first true pro-crypto president. Just two months into his second ...

Litecoin surged more than 11% in the last 24 hours as the US Securities and Exchange Commission (SEC) moves closer to a decision on the Canary Litecoin ETF (exchange-traded fund). The LTC price pump made the crypto among the top performing cryptos and pushed its value to $128.11 as of 2:03 a.m. EST. SEC Moves Closer To Decision On Canary Litecoin ETF The SEC has asked for public comments on the proposed Canary Litecoin ETF, bringing the regulator’s decision regarding a potential approval or disapproval one step closer. According to a filing posted yesterday by the agency, the SEC will be soliciting comments and has asked for them to be submitted 3 weeks after publication in the Federal Register.  If approved, the ETF will offer investors a regulated and simple way to invest in Litecoin without having to buy and hold the crypto directly. Canary Proposal Is First Altcoin ETF To Be Acknowledged, Bloomberg Analyst Says Nasdaq filed a 19b-4 form for the Canary spot Litec...

Two days after approval , spot Bitcoin exchange-traded funds (ETFs) are receiving an impressive amount of inflow, according to data from BitMEX Research. The analytics company reported a total net inflow of $532 million for spot Bitcoin ETFs, with BlackRock IBIT leading the pack at $498 million. Fidelity’s FBTC followed at $422 million, and 21 Shares’ ARKB posted a net inflow of $105 million. Bitcoin Spot ETF Flow – Day 2 UPDATE Flow number for Blackrock now in. Blackrock had $386m of inflow. This gives Blackrock almost $500m of inflow in the first 2 days, likely putting it in the lead https://t.co/N0jYEQpgdg pic.twitter.com/xGzY8jvblO — BitMEX Research (@BitMEXResearch) January 13, 2024 However, not all funds experienced gains. Grayscale’s GBTC saw a sizeable outflow of $579 million, including a $484 million outflow on the second day alone, as reported by Bloomberg analyst James Seyffart on X.  Bitwise posts impressive second day performance Interestingly, Bitw...

A K33 Research report said SEC approval s for spot Bitcoin ETFs in January are likely “nailed on” amid a flurry of updated S-1 filings from issuers like BlackRock. The United States Securities and Exchange Commission (SEC) is on track to sanction spot Bitcoin ETFs in early January following progressive talks with issuers over the preferred redemption model for these investment vehicles, according to K33 Research.  Cash creation is not the most efficient structure, but the filers’ updates are a further signal in favor of ETF approval s in the next three weeks. – K33 research report Altcoin euphoria as bitcoin ranges; spot ETF approval looms, widening contangos, and spot volumes stay elevated. Read this and more in our weekly market report Ahead of the Curve https://t.co/QFYxfb75QB pic.twitter.com/xSTYJZ7rsS — K33 Research (@K33Research) December 19, 2023 Dec. 18 saw a pivot to this cash creates structure from several issuers, including BlackRock and WisdomTree,...

The Unibot team says funds lost due to the bug on the new router ‘will be compensated.’ Telegram trading crypto bot Unibot has suffered a token approval exploit, resulting in a loss of $642,000 worth of crypto. In an X post on Tuesday, Oct. 31, the Unibot team acknowledged the attack, saying the hacker exploit ed the token approval mechanism in the new router. The team has paused the router “to contain the issue.” We experienced a token approval exploit from our new router and have paused our router to contain the issue. Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe. We will release a detailed response after investigations conclude. — Unibot (@TeamUnibot) October 31, 2023 According to reports, the exploit er stole over 356 Ethereum (ETH) worth around $642,000 at the time of writing. After the attack, the stolen funds have been moved to Tornado Cash, a sanctioned cryptocurrency mixing protocol...

Investment giant Grayscale has filed a new registration statement with the U.S. Securities and Exchange Commission (SEC) in its ongoing attempt to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF. According to The Block, the decision on the application comes shortly after a ruling by the D.C. District Court ordering the regulator to reconsider the firm’s application. The firm filed an S-3 filing, a shortened version of the typical S-1 filing used to offer new shares. This comes as other major asset managers, including BlackRock and Fidelity, are seeking SEC approval for spot Bitcoin ETFs. Grayscale explained that it can file on Form S-3 because its shares have been registered under the Securities Exchange Act of 1934 since January 2020 and meet other form requirements. GBTC intends to list shares on NYSE Arca under the symbol GBTC (Grayscale Bitcoin Trust) and issue shares on a continuing basis upon approval of NYSE Arca’s Form 19b-4 application to list th...

The crypto community stirred as news of a Bitcoin ETF approval sent BTC prices to almost $30,000. However, this was debunked, resulting in a drop to around $28,000. This incident highlights crucial aspects within the crypto sphere . A rollercoaster day for Bitcoin On Oct. 16, Cointelegraph tweeted that the SEC had given a thumbs up to BlackRock‘s iShares Bitcoin (BTC) spot ETF. Within just an hour, Bitcoin’s value rocketed to around $30,000 – a number we hadn’t seen since the start of August. That’s nearly a 10% jump. It seemed like everyone wanted a piece of the action, thinking this was a big step towards blending Bitcoin with mainstream finance. BTC price chart | Source: CoinMarketCap But the party didn’t last. Both BlackRock and the SEC were quick to say, “That’s not true.”  Careful what you read on the internet. The best source of information about the SEC is the SEC. — U.S. Securities and Exchange Commission (@SECGov) October 16, 2023 As...

Crypto.com revealed that the crypto exchange had been registered with the Netherlands’ central bank to offer cryptocurrency services to Dutch customers.  Crypto.com revealed the news in a blog post on July 28. The company obtained registration approval with De Nederlandsche Bank (DNB). It was preceded by a comprehensive review of the crypto exchange’s business and compliance with the Netherlands’ AML and anti-terrorism laws. You might also like: Spain grants virtual asset service provider registration to Crypto.com In contrast, rival crypto exchange Binance left the Dutch market after failing to obtain a registration in the Netherlands. DNB previously warned Binance and later slammed a $3.3 million fine on the company in April 2022 for alleged unlicensed operation in the country. The crypto exchange giant also recently withdrew its licensing application with German regulators. You might also like: Binance to exit Netherlands after failing to obt...