"On Tuesday (local time), the SEC approved the listing and trading of a number of bitcoin spot exchange-traded products (ETPs)," U.S. Securities and Exchange Commission Chairman Gary Gensler announced on the SEC's official website. "The SEC is acting within the law and consistent with how the...
LINE NEXT, the NFT platform subsidiary of LINE, announced the official launch of its global NFT platform city (DOSI) through its official media. The city will feature more than 20 million digital products created by more than 150 brands, and limited edition products and digital tickets can be...
In today's article, we take a look at the SEC's BTC ETF approval mishap starting at 6:00 AM ET as an hourly event. The BTC and ETH prices presented are taken from charts on the OKX crypto exchange. sec x btc etf approval (SpotedCrypto) 06:11 am. SEC official X (Twitter) tweets. Approves all BTC...
Crypto data provider Alternative's self-assessed 'Fear-Greed Index' rose five points from the previous day to 76. The rebound in sentiment has moved the index from greed to extreme greed. This is the first time the index has moved to extreme greed since November 2021. The index indicates extreme...
"Bitcoin is topping out now," said CNBC Mad Money host Jim Cramer, according to WatchGuru. In the stock and crypto community, Jim Cramer is mocked as a "human indicator" for his contrarian market predictions.
"EU (European Union) investors will not be able to invest in a BTC spot ETF, even if it is approved in the U.S. Instead, there are Bitcoin ETP/ETC products in Europe," said Patrick Hansen, head of EU regulation at USDC Issuer Circle. However, even the largest fund size is only €1 billion. In...
Eric Balchunas, a Bloomberg ETF analyst, said of the analysis. In this regard, he added: "If GBTC's conversion to a spot ETF is successful along with all the issuers that have applied for a bitcoin spot ETF, a full-scale battle for market share will begin. However, the high management fee of 1.5%...
Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X: "The media has attributed bitcoin's 150% rise over the past year to anticipation of a spot ETF launch. However, BTC's network fundamentals, along with new use cases like inscription, are the strongest they've been since the...
According to Spot on Chain, two specific whale addresses have bought 1,755 BTC (worth $77.1 million) on Binance in the past two days. "The specific address (starting with bc1pj) bought 1,750 BTC at an average price of $43,953 and now holds 4,750 BTC (worth $2.7 billion)," SpotOnChain said. This...
Customers can select BTC as a payment method on the website, and Melcoin, Mercari's cryptocurrency subsidiary, will convert the BTC into yen for payment. According to the media, Merukari is Japan's largest second-hand trading platform, with 22 million monthly active users as of July 2023. It was...
Nate Geraci, CEO of U.S. ETF specialist ETFstore, shares his top five observations on this week's BTC spot ETF developments. 1, Fee competition is an important issue, with Fidelity currently offering the lowest fee at 0.39%. Invesco, on the other hand, charges 0.59% but has offered to waive fees...
According to Meltem Demirors, chief strategy officer at cryptocurrency investment fund Coin Shares, the approval of a BTC spot ETF is unlikely to result in a 'sell on the news' event. Demirors noted that $243 million flowed into crypto ETP products in the last week of last year, and $2.2 billion...
