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…]
One of the biggest scams to be wary of comes from your phone. “Smishing” – a term that combines “SMS” and “phishing” – involves criminals attempting to obtain your personal and banking information via unsolicited text messages on mobile devices. They do this by pretending to be government agencies, companies you may have done business … [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…]
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…]
A trader who hit the peak of Bitcoin’s (BTC) bull market in 2021 believes the crypto king will cause the most loyal bears to capitulate. The pseudonymous analyst Pentoshi shares with his 717,200 followers on the social media platform A Bloomberg analyst previously noted that the SEC is preparing to approve all spot-based Bitcoin ETF … [Read more…]
Volatile crypto markets turned higher this week on Wednesday afternoon, with Bitcoin (BTC) breaking $37,400 and now higher this week, even as another crypto major exited the scene. Crypto markets were initially shocked on Monday by news that a possible comprehensive settlement in the US criminal cases against Binance, the world’s largest crypto exchange, could … [Read more…]