The market has a mixed outlook on the prospect of an Ethereum (ETH) spot ETF being approved, reports The Block, citing several crypto industry insiders. Matt Kunke, an analyst at crypto market maker GSR Markets Research, said: "Based on the optimistic outlook, including the Grayscale lawsuit...
The US Securities and Exchange Commission (SEC) brought a total of 46 lawsuits and administrative proceedings against cryptocurrency companies last year, Cointelegraph reported, citing a report by global legal consultancy Cornerstone Research. This was more than double the number of cases in 2021...
"The U.S. Securities and Exchange Commission (SEC) has delayed its decision to approve BlackRock's ethereum spot ETF," Fox Business reporter Eleanor Terrett reported via X. "It's like déjà vu (for bitcoin spot ETFs). "It's like déjà vu (for bitcoin spot ETFs)," she added. The approval of spot...
"Bitcoin spot ETFs such as BlackRock and Fidelity are unlikely to surpass Grayscale's GBTC assets under management in the near term," said Matteo Greco, an analyst at fintech and blockchain investment firm Fineqia International, according to Blockworks. "GBTC has been around for over eight years,...
Yassine Elmandjra, an analyst at Ark Invest, reports via X that "Bitcoin miners are approaching $60 billion in cumulative revenue. A decade ago, BTC mining was a hobby, but now cryptocurrency mining companies generate more annual revenue than global companies like Spotify, eBay, Hermes, Chipotle,...
A third-party acquisition of Grayscale is a possibility, according to Coindesk, citing multiple industry sources. Grayscale holds the most bitcoin among institutional investors, and while asset managers are catching up with the recent approval of BTC spot ETFs, it remains an influential player in...
The Grayscale Bitcoin Spot ETF GBTC saw net outflows of $5.15 billion on day 8, according to BitMEX research. Cumulative net outflows stand at $3.963 billion. U.S. asset manager Ark Investment, through its ARKW fund, bought 360,830 shares ($14.5 million) of the ARK 21-Share Bitcoin ETF and sold...
Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote on his website, "The recent bitcoin correction attributed to net capital outflows from the grayscale bitcoin spot ETF GBTC is unfounded. As of the 22nd, all bitcoin spot ETFs, including GBTC, had a cumulative net inflow of...
NFT marketplace MagicEden announced today via Official X (formerly Twitter) that it is launching a user rewards program. "We have been working on a long-term, cross-chain NFT rewards program for the past year. This isn't just a points campaign, it's a plan to reward everyone - OGs, collectors,...
Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, wrote on his X (formerly Twitter) that "the price of bitcoin has returned to what I personally consider a fair value band". "If we set the band to reflect the slope of the Internet adoption model from decades ago, the...
"BTC's recent correction is due to excessive expectations around ETF approvals," said Matt Hougan, chief investment officer at crypto asset manager Bitwise, one of the issuers of the Bitcoin Spot ETF, on X (formerly Twitter). "Strictly speaking, this correction is not an ETF-driven selloff. Even...
Crypto analysts believe that the US Securities and Exchange Commission (SEC) is unlikely to approve an XRP spot ETF, Cointelegraph reports. They cite the fact that XRP does not have a futures ETF, unlike BTC and ETH, and that the SEC and Ripple are still in litigation. "Until the SEC recognizes...
