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The SEC has approved Bitcoin ETF options for trading on the NYSE, offering more regulated access to Bitcoin, especially for institutional investors. This move allows cross-margining with assets like GLD and SPY, improving capital efficiency. The added liquidity from ETF options could drive Bitcoin’s value higher, with analysts predicting a possible rise beyond its current all-time high. This development has also sparked interest in the broader crypto market, with many investors now exploring the top crypto to invest in right now , including altcoins that could benefit from Bitcoin’s upward trend. Top Crypto to Invest in Right Now Worldcoin recently launched World App 3.0, calling it a “super app for humans.” Meanwhile, EGLD is priced at $26.93, showing a 3.60% rise in the past 24 hours. In addition, VET’s recent price trends highlight its growing importance in enterprise blockchain adoption. The token has hit new monthly highs during this market cycle....

The fourth-largest hedge fund in all of Europe, Capula Management, has recently disclosed $500 million in Spot Bitcoin ETF holdings in a filing with the US Securities and Exchange Commission (SEC). The development comes as the BTC investment vehicles have topped $1 billion in trading volume Monday. The increase in activity is tied to a massive downturn in the stock and crypto markets. Moreover, Galaxy Digital’s head of research noted that this resulted in “extremely elevated” trading activity for the Bitcoin products. Still, these BTC ETFs are becoming all the more prevalent in the wider finance sector. JUST IN: Europe's fourth largest hedge fund, Capula Management, discloses $500 million spot # Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) August 5, 2024 Also Read: BlackRock’s Bitcoin ETF Trading Volume Hits $1.55B in First Hour Capula Management Discloses Bitcoin ETF Holdings Amid Surge in Interest The first Monday in August arrived with plenty of con...

In a prominent move reflecting the growing mainstream acceptance of crypto currencies, Thailand’s Securities and Exchange Commission [SEC] has launched the country’s first Bitcoin exchange-traded fund [ETF]. This development marks a pivotal moment for both the crypto currency industry and the broader investment landscape in Thailand. JUST IN: Thailand approves their first spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) June 4, 2024 According to reports, One Asset Management [ONEAM] has emerged as a trailblazer in this arena. This is with the approval to offer the first Bitcoin ETF to affluent and institutional investors. The fund, named ONE-BTCETFOF-UI, is set to commence from May 31 until June 6, opening doors for investors to diversify their portfolios into the world of digital assets. Also Read: Crypto Regulation Escalates: Thailand to Block Unauthorized Platforms Bitcoin’s Investment Appeal Pote Harinasuta, the Chief Executive of ...

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong. BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges. The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion. Bitcoin price and Hong Kong spot ETFs debut Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong. The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approve...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. STACKS, the native token of Stacks Network, rose 27% on Dec. 20, fueled by positive comments from renowned investor Tim Draper.  Draper, who has a history of making successful crypto investments, expressed his enthusiasm for Stacks in an interview with CoinBureau.  He believes that Stacks has the potential to reshape the way that smart contracts are deployed and used on the Bitcoin (BTC) blockchain. By default, Bitcoin is a transactional layer and doesn’t support smart contracts. Stacks aim to tap into Bitcoin’s decentralization and security by acting as a layer-2 network from where protocols can quickly deploy smart contracts. By “pegging-in”, it is possible to transfer STACKS between Bitcoin and Stacks without modifying the legacy blockchain. You might also like: Stacks rallies 11% as ...

Another spot Bitcoin (BTC) ETF from Bitwise (BITB) has appeared on the website of the clearing and settlement company Depository Trust & Clearing Corporation (DTCC). The spot Bitcoin ETF was listed by DTCC, which is in charge if clearing trades. It provides post-trade clearance, settlement, custody and information services for stocks, exchange-traded funds and other products, according to NASDAQ. Source: DTCC Listing on DTCC is part of the process of bringing an ETF to market. Typically, the DTCC list includes active and potential ETFs. Prior to this, Fidelity’s Wise Origin Spot Bitcoin ETF was listed on the DTCC. Spot Bitcoin ETFs from Invesco Galaxy and BlackRock also appeared on the site. You might also like: iShares Bitcoin ETF absent from DTCC website after initial listing On Jun. 16, Bitwise Asset Management submitted a re-application for a spot Bitcoin ETF. A year ago, the U.S. Securities and Exchange Commission (SEC) rejected the company’s pe...

The race for the approval of Bitcoin exchange-traded funds (ETFs) in the United States has reached a crucial juncture. The Securities and Exchange Commission (SEC) has a small window of opportunity to greenlight a dozen pending applications. Beginning on Nov. 9 and spanning the next eight days, the SEC has a unique opportunity to change the landscape of crypto investing by approving these spot Bitcoin ETFs. ETFs, which allow investors to gain exposure to Bitcoin without directly owning the digital asset, have been a hotly debated topic in the financial world. The SEC’s potential consent would pave the way for investors to buy shares backed by Bitcoin. This would make it an attractive and accessible investment option for those who may have been hesitant to directly invest in the volatile crypto asset. This pivotal moment was highlighted by Bloomberg ETF analysts James Seyffart and Eric Balchunas. They emphasized the significance of this window. The duo suggested that the SEC...

Crypto services provider Matrixport insists Bitcoin is still on track to reach $45,000 by the end of the year. Bitcoin (BTC) will keep growing to $45,000 this year as futures funding rates signal bullishness among traders. As crypto services provider Matrixport noted in an X post on Oct. 24, the Bitcoin futures funding rates stay “sky-high,” signaling a “FOMO-driven market.” Bitcoin Update: FOMO Returns! The #Bitcoin futures funding rate is sky-high, signaling a FOMO-driven market. Bitcoin dominance at 52.1%, with volumes soaring at $29bn traded in 24 hours. Our 2023 target of $45,000 is on track, thanks to our proven trading models.… pic.twitter.com/tiTqRMQl2b — Matrixport (@realMatrixport) October 24, 2023 Data from Coinglass indicates that BTC futures funding rates increased significantly after it surpassed the $33,000 threshold. As of press time, out of nine crypto exchanges, only one signal s a negative funding rate, suggesting that most trad...

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 founder and CEO of Galaxy Digital Holdings, Mike Novogratz , has said that he believes the US Securities and Exchange Commission (SEC) will approve a Spot Bitcoin ETF this year. During an interview with CNBC, Novogratz confirmed his expectation with approval, stating, “We actually think it’s going to happen in 2023. Additionally, Novogratz noted the most important aspect of the impending approval was the Grayscale Court victory over the agency. Specifically, he articulated the SEC loss as “the most significant piece” to eventually see the exchanged-traded fund receive regulatory approval. Source: CryptoDisrupt Also Read: FTX Seeks Advice From Mike Novogratz Firm For Its $3 Billion Crypto Mike Novogratz Expects Bitcoin ETF Approval in 2023 For much of this year, the quest for a Spot Bitcoin ETF has dominated the digital asset industry. Traditional finance entities like Fidelity and BlackRock shocked the market when they announced their respectiv...

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...

On October 16, the crypto community’s hopes briefly surged upon hearing the news of a Bitcoin ETF approval, only to be dashed when BlackRock denied the information. Since BlackRock, VanEck, Invesco Galaxy, ARK 21Shares, and other financial industry giants filed applications to create spot Bitcoin ETFs in mid-June, the asset has risen in price by 8%. Over the same period, the second largest cryptocurrency by capitalization, Ethereum (ETH), lost 7.5% in price. You might also like: Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news Previously, the SEC has repeatedly rejected applications from other issuers to create such products, citing problems with the crypto market and a lack of investor protection. At the same time, the SEC gave the green light to Bitcoin futures exchange-traded funds, which offer investors access to futures contracts rather than the asset itself. The first was ProShares’ Bitcoin Strategy ETF, which became available to investors on th...