Potential Bitcoin exchange-traded fund (ETF) issuer Hashdex amended its filings on Friday, naming BitGo as its Bitcoin custodian and changing the name of its Bitcoin futures ETF to Hashdex Bitcoin ETF, as it – and other companies – continues to hope for a Bitcoin custodian approval for the US’s first spot Bitcoin ETF at the … [Read more…]
Representatives from BlackRock (BLK), Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss rule changes required for the listing of the Bitcoin (BTC) exchange-traded fund (ETF), a published Memo. “The discussion concerned NASDAQ Stock Market LLC’s proposed rule change regarding the listing and trading of shares … [Read more…]
Major applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States are changing their applications to comply with the cash repayment model required by securities regulators. Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the US Securities and Exchange Commission … [Read more…]
On Monday, BlackRock (BLK) filed a revised proposal for a spot Bitcoin (BTC) exchange-traded fund (ETF) in an attempt to appease regulators, which is likely to boost its chances of getting a first-of-its-kind approval in the US Under the updated proposal, BlackRock’s ETF will have cash creation and redemption mechanisms, the model preferred by the … [Read more…]
As the crypto community eagerly awaits the potential approval of a spot Bitcoin (BTC) exchange traded fund (ETF) in the United States, some analysts are warning that it could potentially have unintended consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could begin trading in early 2024. Combined with Bitcoin’s … [Read more…]
Grayscale is examining the potential tax consequences associated with spot Bitcoin (BTC) exchange traded funds (ETF) after inaccurate reports of adverse tax implications began circulating. In a series of posts on While we work to obtain appropriate regulatory approvals for uplisting $GBTC According to NYSE Arca, we are considering the possible tax implications for spot … [Read more…]
In Monday’s trading session, crypto futures traders lost over $500 million in liquidation positions as severe volatility impacted highly leveraged long and short positions, with some major exchanges plunging as much as 12%. Data shows that Bitcoin (BTC) plunged from $43,000 to as low as $40,300, leading to declines in major tokens such as Chainlink … [Read more…]
The price of Bitcoin (BTC) briefly fell below $41,000 at 2:15 a.m. UTC on December 11, after suddenly dropping 6.5% from $43,357 to as low as $40,659 in 20 minutes was. At the time of publication, Bitcoin was trading slightly above the local low of $41,960, according to TradingView data. Bitcoin briefly fell 6.5% to … [Read more…]
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A prominent digital asset venture capitalist believes that the approval of a Bitcoin (BTC) spot market fund (ETF) could lead to a decline in the cryptocurrency. Chris Burniske, the founder of Placeholder Capital, told His 268,800 followers on the social media platform Term. He also believes a rejection would trigger a sell-off. “However, I still … [Read more…]