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On their highly anticipated first day of trading, U.S. spot bitcoin exchange-traded funds (ETFs) generated a massive trading frenzy, accumulating a total trading volume of $4.6 billion. This historic milestone in ETF history was led by Blackrock, the world's largest asset manager, which debuted with a staggering trading volume of over $1 billion for its […]

Introduction The recent approval of spot bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has marked a significant milestone in cryptocurrency regulation. However, it is ethereum (ETH) that has caught the market's attention, as investors and analysts now shift their focus towards the potential approval of spot ether ETFs in the near

SEC Commissioner Caroline A. Crenshaw Raises Concerns About Investor Protection and Market Integrity SEC Commissioner Caroline A. Crenshaw has expressed her dissent against the commission's approval of spot bitcoin ETFs, citing the risks of market manipulation, concentration of bitcoin ownership, and inadequate regulatory measures to protect investor interests. Concerns about Global Spot Markets and Market

Better Markets Expresses Concern Better Markets, an American nonprofit organization dedicated to promoting public interest in financial markets and the economy, has expressed dismay at the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The organization argues that instead of protecting crypto investors, the SEC has enabled

In a recent interview with CNBC, BlackRock CEO Larry Fink made a notable statement affirming that Bitcoin is not just a digital currency, but an asset that provides protection to investors. Fink compared Bitcoin to gold, stating that it serves as a safeguard during times of geopolitical and economic uncertainties. Bitcoin's Role as a Protective

Introduction In November 2023, six AI-driven chatbots were queried to forecast the value of bitcoin by year-end. Their projections ranged from $15,000 to $45,000 per bitcoin. However, as of the initial week of January 2024, bitcoin's trading value reached $47,000, coinciding with the approval of 11 spot bitcoin exchange-traded funds (ETFs) in the U.S. With

Introduction Coinshares International Limited, a digital asset management firm based in Saint Helier, announced on Friday that it has acquired Valkyrie Funds LLC, a US-based digital asset manager. The acquisition was primarily driven by Valkyrie's recent approval for a spot bitcoin exchange-traded fund (ETF). Expansion in the US Market Coinshares revealed on January 12, 2024,

U.S. Senator Elizabeth Warren has expressed her disapproval of the U.S. Securities and Exchange Commission's (SEC) decision to approve spot bitcoin exchange-traded funds (ETFs). She believes that the SEC is mistaken both legally and in terms of policy regarding this matter. Senator Elizabeth Warren's Concerns Senator Elizabeth Warren, who has been a vocal skeptic of

Introduction Last week, the U.S. Securities and Exchange Commission (SEC) approved the launch of 11 different spot bitcoin exchange-traded funds (ETFs). These ETFs experienced a significant trading volume of $7.65 billion in their first two days on the market. While many of these new entrants saw strong inflows, Grayscale's GBTC witnessed notable outflows. This coincided

Bitcoin ETFs Trade Well, But Crypto Stocks Suffer Losses While spot bitcoin exchange-traded funds (ETFs) saw significant trading activity on Thursday and Friday, publicly-listed crypto companies experienced a different outcome. Several equities faced notable losses at the close of the market on Friday. For example, Marathon Digital Holdings saw its shares drop by over 15%,